YouTuber VINwiki reveals the surprisingly low cost of owning supercars - Dexerto
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YouTuber VINwiki reveals the surprisingly low cost of owning supercars

Published: 1/Sep/2020 13:38 Updated: 2/Sep/2020 16:45

by Kieran Bicknell

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Owning a supercar, hypercar or exotic vehicle is something that many people aspire to achieve during their life. YouTuber Vinwiki explains just how rich you need to be to own a supercar, along with how to buy an ‘exotic’ one responsibly.

With many children growing up with posters of Ferraris or other supercars on their bedroom wall, owning a supercar can feel like a dream for most of us, with only a select ‘lucky’ few ever attaining such a goal.

According to Ed Bolian (better known as VINwiki), that’s simply not the case. It is in fact totally possible to own an ‘exotic’ car without needing to have a 7-figure bank balance. It’s all about buying “responsibly”.

VINwiki driving supercars
YouTube: VINwiki
The dream for many petrolheads – but could buying exotic cars be easier than ever imagined?

How to buy a supercar responsibly

Financing the car is one method of attaining your dream car without a massive initial outlay. Once the deposit has been put down, the remaining cost (and any additional charges such as interest) are spread across a number of monthly payments.

This means that you are able to own your “dream car” sooner, but it may cost more in the long run.

Explaining how to budget for a supercar, Ed explains that “a car’s value should not exceed 80% of your yearly taxable income for a bank to approve any form of a loan or finance agreement, nor should your outgoing exceed 50% of your monthly income.”

While the initial purchase of the car can be costly, Ed is quick to point out that it’s not necessarily the initial cost, but the cost of upkeep that will be the ‘silent killer’ of your bank balance.

The hidden costs of supercar ownership

Upkeep costs vary from model-to-model. For example, the average upkeep and cost of a ‘major’ problem for a car such as an Audi R8 will be far less than that of a Ferrari 458. Insurance is another consideration to make, as is security, and where the car will be kept overnight.

The biggest factor to consider when purchasing your car according to Ed is your “Vunerability – what liabilities exist inside this car” as this is the easiest way to “wreck yourself financially.”

Things such as depreciation, repair costs, and general upkeep fall into this category and must be considered when purchasing an exotic car.

Ed also recommends setting aside around a month’s income for emergency repairs, more if you’re dealing with newer or more high-end exotic cars due to parts costs and increased likelihood of electronic issues.

In essence, supercar ownership can be easy if done sensibly: So long as you have factored in repair costs, considered depreciation, and have funds ready or approved, there is no greater risk in owning a supercar than owning any other car – the bills are just higher.

Cars

SSC accused of faking 331mph speed record revealed on Top Gear

Published: 27/Oct/2020 11:53

by Kieran Bicknell

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With the automotive world rocked by the SSC Tuatara’s record-breaking run during October 2020, YouTuber Shmee 150 has raised a number of doubts about the credibility of their record.

Land speed records are nothing new – ever since the dawn of the motor car, drivers have been competing to go faster and faster in an all-out race to beat each other’s top speeds.

With competitors Bugatti having set the previous production car speed record of 304.77mph in a Bugatti Chiron Super Sport, SSC has now obliterated their record… or have they?

SSC tuatara speed run
SSC
The SSC Tuatara is the record holder for the world’s fastest production car, but many have pointed out there are issues with the footage.

Top Gear announces SSC Tuatara speed record

When BBC’s Top Gear announced the breaking news that the SSC Tuatara had broken the production car speed records, the automotive world went into pandemonium. To break any speed record is an incredible achievement, but to do so by such a massive margin is almost unheard of.

The record attempt itself was also unusual in that it was carried out on a stretch of public road. A closed-off section of dead-straight road near Las Vegas provided the setting, totaling seven miles long.

Unfortunately for SSC and potentially for Top Gear, a number of popular online personalities and journalists have now called out SSC, claiming that the record is “fake.”

SSC World Record run controversy

YouTuber Shmee150 has been one such journalist, and put out a very convincing video debunking the record attempt on October 26.

The first major issue that he identified is that the tires on the Tuatara were allegedly ‘stock’ tires. Since they were not made specifically for the record attempt (to the best of his knowledge) they would’ve been rated for a significantly lower speed than 300+ mph.

Shmee then goes further to discuss the timings between set points on the route. By calculating the distance covered and the time it took for the Tuatara to cover that distance, he was able to work out a rough average speed.

SSC Footage slowed down?

Unfortunately, the speed between the first and second point that he highlighted is significantly different to that shown by the on-board footage that Top Gear released. According to his calculations, either the onboard footage was slowed down “by around 30%” for some reason, or the figures shown are totally wrong.

He also points out that the dashboard was obscured in the first-person view footage, despite the fact the reading should’ve mirrored that of the telemetry. As Shmee points out, the car is always going faster than the calculated average speed, which is a “mathematical impossibility.. you can’t dispute [it].”

By Shmee’s calculations, the Tuatara only reached a peak speed of “around 280 miles an hour”. Given that the original video was a Top Gear exclusive, it will be interesting to see how this situation develops.