@shmee150 Tim is the sort of analytical and business minded person who probably knows how much each car has generated in views so most likely those figures won’t be as bad.
Always appreciate Tim's transparency of (super)car ownership. £420,000 over 18 years is a bit over £23,300 per year driving and enjoying 36 different and interesting cars. Sure £2k per month is not a small amount of money in depreciation but actually not as much as I expected owning that many cars, many of them simultaneously.
🎯 Key Takeaways for quick navigation: 00:00 🚗 Shmee owned 53 cars, currently owns 17, and sold 36. 00:41 📈 Shmee analyzes the cost, selling price, and current value of his former cars. 04:27 💰 Shmee's BMW 123d SE Coupe lost £6,000, now worth around £5,000. 07:35 💵 Shmee's McLaren MP4-12C Coupe lost £55,000, now worth £70,000. 10:07 🚙 Shmee's McLaren 650S Spider lost £8,000, now worth around £87,000. 12:30 🏎️ Shmee's McLaren 675LT Coupe gained value, now worth £215,000 from £313,000. 15:54 🚗 Shmee's Porsche 911 GT3 depreciated slightly, now worth £155,000 from £187,000. 18:16 🏍️ Shmee's Suzuki Jimny gained value, now worth £25,000 from £18,000. 19:26 🚘 Shmee's BMW M8 Competition lost value, now worth around £130,000 from €160,000. 20:06 📉 Shmee150 reflects on the depreciation of various cars he has owned. 20:59 🚗 The AMG GTR resulted in a loss of £53,000 when sold, but its value has remained stable since then. 22:09 🚗 Shmee150 lost £16,000 on the Toyota GR Supra A90 Edition, which would be worth slightly more now. 23:16 🚗 The Ferrari FF Lusso was sold for a loss of £50,000, but its current value is similar to the selling price. 25:08 🚗 The Porsche Taycan Turbo S was sold at a good time, as its value has decreased significantly since then. 26:17 🚗 Shmee150 did not lose money on the Toyota GR Yaris and made some modifications to it. 27:29 🚗 The AMG GTR Roadster resulted in a loss of £52,000, and its value has not increased since. 28:10 🚗 The C63 AMG Black Series was sold at a profit of about £20,000. 28:39 🚗 The Ferrari GTC4 Lusso was sold for a loss of about £20,000. 30:03 🚗 Shmee150's McLaren 675LT Spider's value has remained high, despite a potential significant loss. 31:28 🚗 Only three cars in Shmee150's collection have appreciated in value since their sale. 31:57 🚗 Shmee150 enjoys owning and using cars despite the depreciation, thanks to the experiences and memories they bring. Made with HARPA AI
This was my first Shmee video after having heard the name for about 4 years or so. Seems like a proper nice chap, and what a lovely car collection to boot.
Hey Shmee, Really appreciate the fact that you drive your cars and push them to their limits on Autobahn runs and track days as well as give us really interesting info about the real-world ownership experience of these cars. I much prefer your attitude towards these amazing cars being used for their intended purpose rather than locked away in a garage. Keep it up!!
The best way to look at it must be this. The stories, experiences, friends made along the way etc outway the 'loss', simple 🤷♂️. 11 years of work, making a lifetime of memories. Money well spent in my mind
Ive been requesting this type of video for some time now! Thank you so much for going through some of the finances required for owning and maintaining your collection of cars! So excited to hear these figures!
When you hear all the hate for ‘flippers’ of cars this puts things in perspective. I feel the Zenvo may put the Senna loss to shame some day. Its a shame the Senna had the circumstances which surrounded it, twice if you count the lockdowns, to make you not use it as much as you maybe would have done. That being said it shows how much of an amazing machine the LT is..
I would check back on this one; Zenvo have a mega future ahead with what's coming, mark my words! There's a reason I made this decision, just not necessarily everything that could/can yet be public... I've said too much!
@@WPD77 True. Also after the Top Gear ST1 debacle. I mean even the Zenvo had to go back to the factory "for some small adjustments" or whatever he called it. Seems like they are far away from becoming the next Pagani.
Absolutely, these cars are a business expense for him so everything pertaining to them (depreciation, maintenance, insurance, registration, etc) is a write off. Also, the miles driven should be able to be deducted to as they are primarily used to make money for his business, so don’t get your violin 🎻 out for Tim just yet
The UK taxation system allows you to expense a portion of business use, but every one is in my private name and not any company for any kind of unusual tax business.
@@peash2097 If you buy a car for $100 and sell it for $250, the gain ($150) is in most countries subject to some sort of tax, generally called capital gains tax. If you gave a second car that you bought also for $100 and you sell it for $90, in most countries your loss ($10) can be offset against the gains you made on the first car. Your total gain across both sales is $140 ($150 less $10), and your tax is calculated on that amount. Obviously in the real world things are more complicated than that, but you get the idea. Note this is different from a salary, where generally if you earn $100 of salary you pay tax on that $100 even if you then spend most of it on food, lodging, etc. - with some important exceptions that vary wildly by country you generally can't deduct your living expenses from your salary for tax purposes.
Kudos to you, I don’t often watch your videos but I found this one, honest, direct and transparent. Good on you and clearly you built a successful business off these cars.
this is one of the reasons i love this channel, it shows supercars in their element and how they should be used, this is why i want to own them myself. Though i will admit they likely wont be around forever, i'll still enjoy them while i'll have them.
The ultra-rich aren't going away. Porsche will sell hugely expensive renewable e-fuels made in Chile to a dwindling group of combustion engine fans, and some supercar makers will survive the transition to EVs. Average car fans will be driving around in 600 hp dual-motor grocery getters.
Tim, has been awesome following you for al these years, since the R8 days. You gave me your time at the Amsterdam Int'l Autoshow in 2018 and we spent around 20 minutes in your Senna chatting about cars and life, something I remember fondly. Still the coolest guy in the business for me and was cool to sit down for 30mins watching you run through your cars. Sweet sweet memories indeed!
I thoroughly enjoyed this. The thing is, you buy cars (and spec them) with your heart and drive them (as you should) compared to other RU-vidrs! Thats why we like you and your videos!
Fascinating video. I feel like over the past 1-2 years, some of your videos have been a peek behind the curtains which I have REALLY appreciated. Something that most people don't do. Giving us a balanced view of things and keep it's real so to speak. thank you.
Making content and getting to drive epic cars, adventuring on rally’s is about as good as it gets. You have created the Shmee150 empire and are fortunate enough to have an HQ, staff to assist and the ability to share your journey with the rest of us. Thanks Tim👍
I still remember your 1st video of your garage dream chase! And look how far you've gone within a few years! Gorgeous line ups! My compliments Tim! And thank you for all the transparency and honesty! Always happy to see another video of yours mate. Cheers! 🙏🏻🔥😄
Shmee is simply badass, this man is next level and unmatched, there are many noise makers and wannabes, they can only dream to match Shmee by any means, this man is a pace setter, ride on Shmee, lead the way!!!
Tim, what an amazingly candid and honest video that I would never expect anyone to make. No matter what a person can afford to collect, there is risk in the cost and future value so you just have to love what you are collecting and enjoy it as you have! CHeeers!
Very candid and thanks. Not many car guys would lay it all out in such detail. Now in my case, I bought a Porsche 550RS Spyder complete but in rough shape for $40,000 in 1986. I spent about $65,000 restoring it to perfection, and it really was perfect with original engine and transmission, when I finished. That was about 1998, and collector car prices were down compared to earlier years. In 2000, I foolishly sold it into a down market for $275,000. In 2018, my car was sold by its then owner at auction at Monterey, for $4.5M. This sometimes keeps me up at night, but like you I am philosophical. I had fun with it.
I love such videos! They give a quite realistic look on the market,,, would be more interesting if other car RU-vidrs started doing it just to have more comparisons Thanks Tim! For always being one step ahead
Love your enthusiasm. Surprised you don't wait until a model is 4 or 5 years old before buying. You could save yourself hundreds of thousands and still have as much enjoyment.
If it was just for fun, that would make sense. But Tim has to have content for RU-vid too so perhaps buying them new is better for views? Honestly idk but as long as you're having fun it doesn't matter
What a fascinating insight into the cars you have owned. The clear pattern that has emerged is regularly losing £50k + on the AMG's. For the average man in the street it does not make sense to buy new with those figures but if someone is in your position and you say your down over £400k+, what you've done and where you've been it surely makes it worth while. Cheeeers!
Made back all the loses on RU-vid ad revenues. The main thing is we can all feel the passion he has for cars and he buys with his heart not with his head. I appreciate that and I’ve been following the channel on and off for many years.
Basically 98% of cars are not investments. It’s transportation A-B. Depreciating assets . So he lost around $1 million US 💵 !! On depreciation and not even including financing fees, insurance, maintenance, gas, storage , etc… Sponsors and a rich family does help 👍🏼
I missed this video when you posted it somehow. It’s really interesting all the information going all the way back to the beginning. I really think you have made out well considering the use and enjoyment you have gained from all of these cars. I didn’t realize how many awesome cars you had the pleasure of experiencing. I was taken aback hearing how short a stint you have had with some of your cars. Considering all the great cars you have had the pleasure of owning/driving/living with. The main thing I see missing through all of this is the actual use value of the use you have had and how you have been able to share with all of your fans/followers. The thing I started thinking about as you went through the stats of each of the great cars was I wish I would have been able to be the one buying the ones you traded on. One thing I kept waiting to hear was the status of the McLaren Senna. I thought you had sold it already, I don’t think I would be able to part with it, that would be really hard for me. Hypercars are not that easy to acquire and I would think they would be keepers. I believe it would be best to make more content with it, and see how the value would change over time. Right now it seems as though the market is down on most everything. It doesn’t seem to be a time to sell most luxury goods. Just a thought, you seem to be doing pretty well on your own.
Hi Tim, I know that end number was shocking but you have to remember all those cars you had have had a good life and have been meant to be driven. You hold many amazing memories with each car and I can’t wait for what you have in store with your current cars 👍
As much as I am proud of how far Tim has come I can't help but say that I miss the old days where the cars were stored in some run-down parking garage and he was constantly shuttling between London and Germany. Ah, good times.....
The one former car of yours that I think should still be in the garage is actually the classic mini! That was a gorgeous spec and it would nicely balance the garage in my weird way of thinking 😏
Fair play to you man - your honesty is quite humbling: quite rare to see these days, especially on RU-vid. On a positive note? My god.........to be in a position to say you've not just driven, but OWNED all those cars? As the ad says........ Priceless! Much respect my man.
LOVED THIS VIDEO. We need detail like this so badly in the space. EDIT: OUCH THAT SENNA ONE IS CRAZY. I need to stick to my Pista/812/Urus dreams and not ever get into Mclaren lol.
@@kennethluff4736the ultra-rich with 30 car garages have to put their money into something, but the problem is the Senna will be overshadowed by the Solus (and Elva), and whatever other special editions McLaren cranks out).
Very entertaining video. Need more of them, Maybe With running/mod costs and things like such. Because nearly every video on RU-vid is made to look like all is fantastic with superstars, and it’s all nice and dandy. This video is like a breath of fresh air and at the same time shows that things are not always so rosy :) But main thing you don’t have garage queens, you enjoy all cars to the fullest. Hats off to you Sir 🤙
Love the videos and your transparency. These cars actually cost money and you lay it out so clearly. The memories and adventures are sell worth the price of admission!!
What a great video for all of us who fantasize about ownership and the driving experience. You can't put a price on your memories and enjoyment, so your losses weren't so bad. Next, add in all the maintenance costs associated with these driving works of art. Living in a very small town in the mountains of Oregon I don't get to see many supercars, but in November I will be visiting London for my 60th birthday. And I will be doing a lot of car spotting. Maybe I'll even see you driving by.
What an awesome insight into the ups an down of car ownership. Side note please unwrap the Ford GT 🙏🏼 Red with Alan Mann colours are perfect! Love the content! Much love from Canada
Another great video! Very interesting and informative. I hope you make a good living from RU-vid! As a self employed person as you are, I am confident, based on the amount of content produced, that you spend an incredible amount of time and energy entertaining us followers. I would be interested in seeing a day in the life of Tim. Keep up the good work!
Brilliant. Appreciate your honesty and open approach to this issue. It's a great insight into the truth behind performance car ownership. Factor in service, warranty, tyres,brakes etc etc and it's one hefty bill over the 18 years.
Hi Tim thanks for sharing the numbers whilst being in some cases quite eye watering you can always replace money,cars,etc you can never replace the time spent doing something you love and in hopefully a long time in the future when your looking back at your life it won't be the money it will be all the great time that you remember was it Charles Rolls who said the quality last so much longer than the price thanks for taking us all on your journey
got to say a big thanks for this video I'm older than you have owned about 90 cars and yes taken hits on prices but what your video confirmed is we are all the same. Your transparency on these prices is refreshing and has made me feel a helluva lot better about the losses I have made. Agree though cars are for adventures and driving we don't go on holiday and then bemoan the cost after exclaiming that 'I've just lost £3000 last week" after a week in the sun. Keep living the adventures
I love that comparison with a holiday! Too many people forget that the cost is effectively for the experience and enjoyment. These kinds of cars are built primarily to be a luxury good to enjoy and drive, if they then don't lose too much that's a nice bonus.
This is a big reason I enjoy Schmee. I appreciate someone who can actually enjoy and live a little. Whats the purpose of buying beautiful, expensive, nice and fun cars and never drive them.
Great video Tim, moving up to much higher value cars will have a knock on effect with resale. The AMG mercs really surprisingly drop a lot, maybe a better second hand car. I remember losing 55k on my new SL55 and they are so cheap now!
This was very interesting video Tim. I’m glad you shared your experience with buying and selling. Mercedes, BMW and especially Aston Martin have heavy depreciation. Your Ford GT if you decide to sell will recoup most of your losses over the years🤔 I really like the new DB12. Saw one at Scottsdale Aston dealership was on display. However will wait at least a year after they are released before purchasing. I’m waiting now for Chevrolet dealer to submit for my 2024 Eray to Chevrolet . As always your the best when it comes to cars. Always look forward for your new video.👍
Interesting position be in. I sense accepting these losses is a necessary part of being successful in the specific business you're in. You could, to my mind, perhaps have strategically bought expensive cars that would have depreciated a lot less, safer options (older models). But then your business would likely suffer as you would never have had the same quality cars to make the content that has helped in your success. You took a risk and the model works for you. And you're having lots of fun. Good for you.
The obvious thing is to buy second-hand after the initial hype dies down, but a video about a two-year-old car is going to generate a lot less views. Since so many of his videos are about new car introductions, fancy collections, carspotting, trips, etc. maybe Tim doesn't have to keep ordering new cars. Hey @Shmee150, "Here's how much I could have saved assembling the current Shmuseum if I had timed each car's purchase perfectly" would be an interesting video.
Very interesting and scary numbers but the enjoyment and experiences is something you can't put a price on. So continue to enjoy Tim may you have many more interesting and good cars and drives and hopefully not as much losses.
The price crash in Senna is so violent, I think I saw one advertised at GBP600k last year. Heck, even here in Indonesia the price tumbled hard, there's this one guy who actually bought TWO. One MSO car for his personal collection and one 'base' car for him to modify and drive during weekend. It's insane how badly Senna did in used car market. I mean GBP700k today is still A LOT of money, but when we came from the base GBP750k MSRP back in 2017, that is a terrifying loss of money.
Hey Tim! I know that you do business with these cars but keep in mind that manufacturers are not hedge fund companies. You don’t buy cars to flip them for profit. At the end of the day cars are products that will lose value after some years of use. It’s like buying a brand new TV. Will it cost the same after six months of use? Certainly no!
Tim, I always like your honesty. Without disrespect, you should not be surprised that prices going up the dome cars. Suzuki and the two others. They simply RELIABLE CARS. Car you can count on..they are not the most stunning but simply unique et and reliable.
Your business accumen is crazy great in these car investments and sales, considering that is what you have build your online business and pressence around. The cost spread out over the years, is almost only the equvilent of the cost of owning one some what expensive car :)
What a great (and interesting) thing to do Tim and thanks for the honesty. Some truly enormous figures even for a numbers wizard like yourself. I guess even knowing what happens to most car values, especially from new, my take away from this video is summarised with one word...WOW! Even if I'd had the cash to go out and change my 2008 car, I would have held off because to me the era of the artificially inflated new and used prices had to come back down by some realistic margin, so when I saw a video strongly suggesting by the end of this year (2023) we will probably see a significant if not huge drop in the aforementioned prices, i formed a cautious smile. I'm just hoping that my car does me proud and lasts for as long as needs be now. Take care.
Thanks Tim, such a great video. You recommended me to buy an FF after your trip to New Zealand, and I have now completed 12, 000 miles in the car with no issues. Trade in time is overdue now [covid] so may go for a Ferrari super fast or Lusso. Thanks for the tip, such a great car, and many memorable miles. Cheers.
Really interesting video. Genuine and honest view of behind the scenes monetary dealings. Losses have to be seen in context of how much revenue the cars have generated from content.
Thank you Shmee for sharing it with us. Quite a unique data this is. Want to say that sharing this kind of info with others is not easy thing to do. Best of luck in future.
Much like Burlacher, the hard part about knowing about finances and living cars is knowing about finances and loving cars. It’s so interesting seeing the disparity between the US and UK/European markets.
Brilliant and very interesting video Tim thanks for sharing and the detail and the honesty. Huge factors in why we subscribe to you and will continue to.
