Douchebaggery 101

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Old Jul 20, 2020 | 06:30 PM
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From: Haudenosaunee Land
Douchebaggery 101

Okay, so the day before you're going to sell your seriously expensive collector car, do you go out and thrash it on 5 year old tires? Fuck no you don't! lol

https://www.motortrend.com/news/ferr...-photos-video/
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Old Jul 20, 2020 | 06:46 PM
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Death penalty

Uninsured... big, big OOF.
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Old Jul 20, 2020 | 07:31 PM
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what a effing waste...
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Old Jul 20, 2020 | 07:32 PM
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but hey, at least the two occupants are safe.
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Old Jul 20, 2020 | 07:32 PM
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Fortunately, BoostedJack is rich enough to contact Ferrari directly to have them rebuild it from scratch.

So, all good.
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Old Jul 22, 2020 | 07:09 PM
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From: Austin Burbs
Where's that Fiero-rrari when you need it?
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Old Jul 22, 2020 | 07:14 PM
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Thread title win!
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Old Jul 23, 2020 | 08:14 AM
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5 year old tires shoudn't be dangerous
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Old Jul 23, 2020 | 10:40 AM
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Originally Posted by CLpower
5 year old tires shoudn't be dangerous
Some NEW tires can be dangerous if not with the right application.
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Old Jul 23, 2020 | 11:20 AM
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Originally Posted by Costco
Uninsured... big, big OOF.
Yeah.

I was watching a YouTuber (normal guy supercar FYI) and he was doing a video with a friend who is in the market for an F40 and they talked about insurance for very high level cars and that sometimes if you're rich enough can basically talk to your state DMV and have it "self-insured" instead of going through the hassle of a traditional insurance company. Not sure how much hassle that is. But essentially that is "no insurance." Though you assume people who can own this level of car has a networth is many many multiple times that of a F40.

Incidentally, the guy that is buying the F40 said normal companies wouldn't even insure that car (GEICO, Progressive, etc.) and he had to go through something called Lloyd's of London and the premium is something like $20k-$30k/yr for 500 MILES per year. 0.1% world problems.

Last edited by nist7; Jul 23, 2020 at 11:24 AM.
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Old Jul 23, 2020 | 11:56 AM
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From: Austin Burbs
Originally Posted by nist7
Yeah.

I was watching a YouTuber (normal guy supercar FYI) and he was doing a video with a friend who is in the market for an F40 and they talked about insurance for very high level cars and that sometimes if you're rich enough can basically talk to your state DMV and have it "self-insured" instead of going through the hassle of a traditional insurance company. Not sure how much hassle that is. But essentially that is "no insurance." Though you assume people who can own this level of car has a networth is many many multiple times that of a F40.

Incidentally, the guy that is buying the F40 said normal companies wouldn't even insure that car (GEICO, Progressive, etc.) and he had to go through something called Lloyd's of London and the premium is something like $20k-$30k/yr for 500 MILES per year. 0.1% world problems.
That's crazy talk.
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Old Jul 23, 2020 | 12:36 PM
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Originally Posted by knight rider
That's crazy talk.
They also said that there's a clause in the insurance contract for the F40 that when you do take it out in public, you're supposed to keep the F40 in line of sight at all times.....

Yeah insanely different the world of supercar ownership....
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Old Jul 23, 2020 | 01:17 PM
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Originally Posted by nist7
Yeah.

I was watching a YouTuber (normal guy supercar FYI) and he was doing a video with a friend who is in the market for an F40 and they talked about insurance for very high level cars and that sometimes if you're rich enough can basically talk to your state DMV and have it "self-insured" instead of going through the hassle of a traditional insurance company. Not sure how much hassle that is. But essentially that is "no insurance." Though you assume people who can own this level of car has a networth is many many multiple times that of a F40.

Incidentally, the guy that is buying the F40 said normal companies wouldn't even insure that car (GEICO, Progressive, etc.) and he had to go through something called Lloyd's of London and the premium is something like $20k-$30k/yr for 500 MILES per year. 0.1% world problems.
Lloyd's is a non-traditional insurer. They pull together investors in insurance contracts and pool the monies for unusual or particularly high-end coverage needs. That they would be writing contracts on supercars/hypercars doesn't surprise me in the least.
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Old Jul 23, 2020 | 01:28 PM
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Originally Posted by ttribe
Lloyd's is a non-traditional insurer. They pull together investors in insurance contracts and pool the monies for unusual or particularly high-end coverage needs. That they would be writing contracts on supercars/hypercars doesn't surprise me in the least.
Interesting.

Maybe this is how all the Chirons/LaFerraris/Huayra/Jesko/etc. are also insured....
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Old Jul 23, 2020 | 01:32 PM
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Originally Posted by nist7
Interesting.

Maybe this is how all the Chirons/LaFerraris/Huayra/Jesko/etc. are also insured....
I suspect they could hold a significant portion of that market. There are also specialty insurers for collector cars like Hagerty that are out there.
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Old Jul 23, 2020 | 04:36 PM
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I think if he would have called Flo and bundled his home and auto insurance he would have gotten a deal.
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