@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!!
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.
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 UA-camrs! Thats why we like you and your videos!
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.
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.
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!
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.
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.
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👍
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.
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
Made back all the loses on UA-cam 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.
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!!!
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!
Fair play to you man - your honesty is quite humbling: quite rare to see these days, especially on UA-cam. 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.
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!
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.
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.....
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 UA-cam too so perhaps buying them new is better for views? Honestly idk but as long as you're having fun it doesn't matter
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! 🙏🏻🔥😄
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.
I love such videos! They give a quite realistic look on the market,,, would be more interesting if other car UA-camrs started doing it just to have more comparisons Thanks Tim! For always being one step ahead
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.
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.
Very entertaining video. Need more of them, Maybe With running/mod costs and things like such. Because nearly every video on UA-cam 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 🤙
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 👍
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.
@@KennnyClearItthe 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).
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.
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 👍🏼
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.
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 😏
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 :)
The brilliant thing that Tim does is make gobs of money from the cars with his videos and social media. So, whatever he has lost in depreciation and maintenance, pales in comparison to what he has made by owning the cars. In short, he is a smart cookie that knows how to make money off of what he loves doing!
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!!
The number that would blow everyones mind is the money behind the channel... youtube ads, promotions, merchandise sales.... and then the cost of running the business too (travel, film equipment, editors, etc).
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.
Even more frightening when you factor costs of ownership in. I bought a pre-owned F-Type Jaguar from a Maidstone dealer some years ago. I kept it for around 18 months. Taking into account the difference between purchase price and selling price and all in between; ie, dealer servicing, RFL, insurance etc (no repair or warranty work needed) that car cost me around £2k per month to own. 😬
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.
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.
At last youtuber posts numbers! Nice to see such things. At the end it is business for you. Thanks for publishing and making videos for more than a decade. Just remembered your videos when you were not talking in videos and YT was a simple page :D
As others have said, a real insight and a surprise. There's been a big misconception that people like yourself would get a car at a discounted price, Mercedes run their VIP programme where high profile people get favourable deals. People also thought Toyota, and Suzuki offered this as many jumped on the Susuki Jimney and Yaris journey.
Always wondered what you bought the cars for that were new to the channel at the time since you are always so discreet on that, pretty hard hit on the selling rate, but hey, selling cars is always a gamble! In the end, if you can afford it and you have fun, why not! You're doing what most owners aren't, drive them like they are supposed too!
I've been remarkably lucky with my cars but have also kept market value in mind to a certain extent as well when owning/buying/selling: 1967 Ford Mustang Fastback- Bought 2009 for 19K, sold 2012 for 20.5K (now about 40K though) 1972 Triumph GT6- Bought 2014 for 3K, Sold 2017 for 10.5K (now about 12K) 2018 Ford Mustang GT bought new 2018 for 33K (very good deal), stolen 2022 insurance paid 34K 2023 Rover Mini (identical to Schmee's), bought for 13K, now about the same still driving this. Not too bad all things considered, the 67 Mustang would have been an awesome investment but needed a house deposit at the time so needs must. As Tim says main thing is to enjoy them, this does also include them not bankrupting you as this will destroy almost all of that enjoyment.
18:02 same goes for Rolex watches... went in to get my "old" Speedmaster serviced and asked the dealer if I could get on that fabled GMT-Master waiting list? They looked at me a bit funny and told me there's a lightly used available right now and in about a month they can have a brand new for me.
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.
Tim your comment about being able to walk in to Porsche dealer and buy a Spyder RS is this based on actual experience? I have a 718 Spyder and tried to get the RS version by putting in a letter of intent a year before it was released. I was told by my dealer that I couldn’t get one. They said there was only one per dealer and they had allocated it to someone else.
Another great video! Very interesting and informative. I hope you make a good living from UA-cam! 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!
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
It's tricky with exotic cars. I have 4 of the exotics I currently own that are worth maybe 20K less in total since I bought them. Not bad, but I bought them at the bottom before COVID and stimulus checks drove the prices up. I have owned my McLaren less than 18 months but have driven the hell out of it and have lost about 12K so far. Not too bad, really. I got a really good deal on it at the time since I also bought my Bentley from the same seller. So around $35K over 5 exotics over 5 years is not bad. But as an economist, I followed a rule that Shmee did not: I bought at least 3 model years old so the big depreciation hit was already factored in. But in the end, Shmee makes a living with new and exciting cars and as a business expense £420K+ loss is great factoring how much ad and sponsorship revenue those cars generated him. Great and insightful video.
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
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.
Appreciate your honesty and transparency on the price, not a lot of youtubers do this. On the Mercs (except for the BS) its the fact that they are more or less mass products, less exclusive then for example a Porsche. They are good cars but they dont get the appreciation. The R8 V10 was atleast a V10, the V8 R-Tronics would be an account-massacre. What we can basically learn from your experience: Limitation is the key to keep the Value, as long as more people want to have one then there are cars on the market, prices will rise, even for something as normal as a Jimmny. Mods are not paid but if you downgrade to stock and sell the parts seperatley there is a chance not to make a big loss - if the parts are more or less limited (or out of production) and still in good condition. But one thing bothers me, how did you get the M-Plate on the M8. Your flat was in Frankfurt and normally you have to register the car with the same area that you are registered in?
As I tell my kids every month, as long as your expenses and losses are at least 10% less than your income you have nothing to worry about. Enjoy the ride and keep your head above water. Thanks for the info.
In December 2020 during the Covid lockdown I bought a 2017 BMW 420d M Sport coupe automatic in Estoril Blue for €24,500. It was totally unplanned, I just saw it and bought it. Sold it back to the same dealer (small family run business) for €20,000 when a 2018 GT86 came up for sale in February of this year which cost €31,000.
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!
Those cars allowed you to make the amazing content we all know and love. I wouldn’t feel so bad about the depreciation in your case, knowing how much value they provided for you during ownership.
Cars have, and always will be depreciating assets, but there is never a place for regrets when following your dreams. You simply cannot put a price on memories. We all enjoy your journey and your extraordinary passion for your craft.
On the bright side of life ;) Another benefit that you've probably taken into account, even though you haven't mentioned it, is the income generated by the UA-cam channel with those cars ;) Congratulations on the channel. :)
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Crazy thing is, you make more money driving them than most people make by parking them up
😂😂😂
@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.
@@craigmorgan4676Manny makes more money sitting inside his office.
@@craigmorgan4676 Manny's cars drive 1 mile in his entire life, rough estimate🤣
@@craigmorgan4676Manny doesn’t do much with cars, he ain’t a car guy let alone car enthusiasts he just has a shit ton of money
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.
The depreciation is only a small fraction of the reel cost of having all those cars.
just a bit over 600k counting every car listed in the video. and a lot of other cost. its a lovely and obviusly not cheap game!
Don’t forget insurance ,running cost ,transport and maintenance
@@tomermahlis12 Yes, I should have specified that I was referring to depreciation only. I would have expected a much higher amount.
The funny thing is that he considers himself lucky and to have made good deals :D He is definitely not an Ed Bolian type shrewd negotiator
🎯 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
Thanks man
Holy crap that’s cool
Wording wrong on the mclaren , said now worth 215,000. shoulda have been other way round! Ai not perfect yet
@@craigc1101 you sound like a person who thinks the glass is half full
@@elec123 sound like you didnt read them either, cant go up in value to 215k from 313k, can see your observations are on point
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!!
🍒Shmee🍒
Absolute pleasure! Sharing the videos is the icing on the cake of experiencing these cars, thank you to you guys for being part of the journey.
Very well done, thank you for the analysis. Provide some insight into the hobby.
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!
So informative and honest. Love the content as always Tim
Tim, I've been watching your videos for a very long time but I have to apologize I didn't know I wasn't subscribed! I loved this upload, thanks!
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!
@@Shmee150 interesting
If you’ve heard anything about the Aurora, you’d be shocked that the Zenvo may single-handedly avenge Shmee’s loss over the years
Zenvo as a company are never going to be massive, 15 cars made since 2016.
They are losing money big time.
@@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.
Awesome video Tim. Great insight into what long term car ownership and collecting can look like.
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 UA-camrs! Thats why we like you and your videos!
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.
As long as devaluation is less than UA-cam revenue and the money made from merch, it‘s a path worth taking.
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.
Thank you for giving us insight into the depreciation pain we all go through to be honest.
He has made millions off the back of them 😂
@@gav25x Understood, and the depreciation is tax deductible since he is running this channel as a business I think.
@@rogier1016 Exactly
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!
Tim, great video and love the honesty. Is that loss a tax write-off because the cars are the business? Something I’ve always wondered.
Yes I think they are classified as business assets
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.
@@jameswillard1can you explain how a write of works? At least in USA? I am from and am interested to know
@@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.
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.
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👍
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.
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
outweigh* :)
Made back all the loses on UA-cam 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.
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!!!
Thank you for the incredibly kind words
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!
Wooo! Nice idea for a vid mate
Glad you like it!
Fair play to you man - your honesty is quite humbling: quite rare to see these days, especially on UA-cam. 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.
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!
I’m ngl I loved the BMW M8 competition the look and performance is just incredible
Hi Shmee I'm guys! This is gonna be a good one. Love to hear about the numbers behind the scenes.
Hope this one is really interesting
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.
This was an eye opener for my current rides and future collection decisions. Thanks for putting in the work so we don't have to 😂
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.....
Shmee, loved the video. As a former car expert/salesman, it was a pleasure gaining this knowledge about (your) cars. Keep up the content ❤
You have one of the best collections when it comes to "maintenance" . Most if not all in Tip Top shape with full fuel.
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 UA-cam too so perhaps buying them new is better for views? Honestly idk but as long as you're having fun it doesn't matter
@@firewaffle1"My second-hand Senna has joined the collection!!" 4 years later is obviously going to have far fewer views.
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! 🙏🏻🔥😄
Love transparent videos, showing the real side to owning these cars
I really like you doing this because im getting to know the past of the shmeemobiles and meeting some that i didn't even know even existed
Great insight Shmee massive props on all the amazing cars over the years its been brilliant seeing them on the channel 👍
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.
I love such videos! They give a quite realistic look on the market,,, would be more interesting if other car UA-camrs started doing it just to have more comparisons
Thanks Tim! For always being one step ahead
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.
I imagine the bath you’re going to take on the Zenvo will eclipse anything else you’ve sold.
Half a mil for sure
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.
The G-Wagon is always worth its money ! Doesn’t matter if new or and old modell … also the „Wolf“ Modell from the Bundeswehr are quite pricy
Very entertaining video.
Need more of them,
Maybe With running/mod costs and things like such.
Because nearly every video on UA-cam 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 🤙
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 👍
675LT Coupe will always hold a place in our hearts! an amazing car!
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.
I wouldn’t be surprised if the senna goes up alot in the future though!
@homsey it will for sure go up in a few years.
@@KennnyClearItthe 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).
Shmee the joy on your face when you drive your cars is priceless.
Can’t wait to see you back in the US Shmee!
Not long until Car Week!
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.
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 👍🏼
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.
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 😏
I would love to buy another one someday
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 :)
The brilliant thing that Tim does is make gobs of money from the cars with his videos and social media. So, whatever he has lost in depreciation and maintenance, pales in comparison to what he has made by owning the cars. In short, he is a smart cookie that knows how to make money off of what he loves doing!
Love Love Love this video! So transparent. Thank you 🙏 Shmee150
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!!
The number that would blow everyones mind is the money behind the channel... youtube ads, promotions, merchandise sales.... and then the cost of running the business too (travel, film equipment, editors, etc).
I would love to see these cars in person!
Love the honesty. Please be aware of the glare/reflections on the glass
Tim, those numbers are frighting for me! So glad you share them with everyone! Enjoy!
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.
26:04 to replace a battery in a Prius, cost like 2-3k which is why depreciation is higher
One UA-cam Channel I will never stop supporting and watching. Amazing content.
Even more frightening when you factor costs of ownership in. I bought a pre-owned F-Type Jaguar from a Maidstone dealer some years ago. I kept it for around 18 months. Taking into account the difference between purchase price and selling price and all in between; ie, dealer servicing, RFL, insurance etc (no repair or warranty work needed) that car cost me around £2k per month to own. 😬
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.
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.
At last youtuber posts numbers! Nice to see such things. At the end it is business for you. Thanks for publishing and making videos for more than a decade. Just remembered your videos when you were not talking in videos and YT was a simple page :D
As others have said, a real insight and a surprise. There's been a big misconception that people like yourself would get a car at a discounted price, Mercedes run their VIP programme where high profile people get favourable deals. People also thought Toyota, and Suzuki offered this as many jumped on the Susuki Jimney and Yaris journey.
Always wondered what you bought the cars for that were new to the channel at the time since you are always so discreet on that, pretty hard hit on the selling rate, but hey, selling cars is always a gamble!
In the end, if you can afford it and you have fun, why not! You're doing what most owners aren't, drive them like they are supposed too!
I've been remarkably lucky with my cars but have also kept market value in mind to a certain extent as well when owning/buying/selling:
1967 Ford Mustang Fastback- Bought 2009 for 19K, sold 2012 for 20.5K (now about 40K though)
1972 Triumph GT6- Bought 2014 for 3K, Sold 2017 for 10.5K (now about 12K)
2018 Ford Mustang GT bought new 2018 for 33K (very good deal), stolen 2022 insurance paid 34K
2023 Rover Mini (identical to Schmee's), bought for 13K, now about the same still driving this.
Not too bad all things considered, the 67 Mustang would have been an awesome investment but needed a house deposit at the time so needs must. As Tim says main thing is to enjoy them, this does also include them not bankrupting you as this will destroy almost all of that enjoyment.
Wowee haven’t watched you in a year or two. Great seeing you doing well.
Nice video. The window changing is pretty cool !
18:02 same goes for Rolex watches... went in to get my "old" Speedmaster serviced and asked the dealer if I could get on that fabled GMT-Master waiting list? They looked at me a bit funny and told me there's a lightly used available right now and in about a month they can have a brand new for me.
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.
Tim your comment about being able to walk in to Porsche dealer and buy a Spyder RS is this based on actual experience? I have a 718 Spyder and tried to get the RS version by putting in a letter of intent a year before it was released. I was told by my dealer that I couldn’t get one. They said there was only one per dealer and they had allocated it to someone else.
after 13 years of YT you have a decent car collection, you heard guys thats the secret becoming a succesful youtube and you win beat the matrix
Another great video! Very interesting and informative.
I hope you make a good living from UA-cam! 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!
Appreciate you Tim for being transparent but you have a beautiful collection of cars.
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
Don't worry, it'll be back down the line
It's tricky with exotic cars. I have 4 of the exotics I currently own that are worth maybe 20K less in total since I bought them. Not bad, but I bought them at the bottom before COVID and stimulus checks drove the prices up. I have owned my McLaren less than 18 months but have driven the hell out of it and have lost about 12K so far. Not too bad, really. I got a really good deal on it at the time since I also bought my Bentley from the same seller. So around $35K over 5 exotics over 5 years is not bad. But as an economist, I followed a rule that Shmee did not: I bought at least 3 model years old so the big depreciation hit was already factored in. But in the end, Shmee makes a living with new and exciting cars and as a business expense £420K+ loss is great factoring how much ad and sponsorship revenue those cars generated him. Great and insightful video.
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
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.
Appreciate your honesty and transparency on the price, not a lot of youtubers do this. On the Mercs (except for the BS) its the fact that they are more or less mass products, less exclusive then for example a Porsche. They are good cars but they dont get the appreciation. The R8 V10 was atleast a V10, the V8 R-Tronics would be an account-massacre.
What we can basically learn from your experience: Limitation is the key to keep the Value, as long as more people want to have one then there are cars on the market, prices will rise, even for something as normal as a Jimmny. Mods are not paid but if you downgrade to stock and sell the parts seperatley there is a chance not to make a big loss - if the parts are more or less limited (or out of production) and still in good condition.
But one thing bothers me, how did you get the M-Plate on the M8. Your flat was in Frankfurt and normally you have to register the car with the same area that you are registered in?
As I tell my kids every month, as long as your expenses and losses are at least 10% less than your income you have nothing to worry about. Enjoy the ride and keep your head above water. Thanks for the info.
A positive review of your own losses is great! Best video on this channel! Nice job, keep going!
Fab video T - love these conversational films you do now and again 👍😎
Fascinating and I always love Tim’s honesty and openness
In December 2020 during the Covid lockdown I bought a 2017 BMW 420d M Sport coupe automatic in Estoril Blue for €24,500. It was totally unplanned, I just saw it and bought it. Sold it back to the same dealer (small family run business) for €20,000 when a 2018 GT86 came up for sale in February of this year which cost €31,000.
Great video, fantastic insight and honesty. These are dream cars for most and you bring these to our screen!
Love the VIEW into the garage through the plate glass...looks really professional 👌
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!
V impressed how honest you've been Tim.
Those cars allowed you to make the amazing content we all know and love. I wouldn’t feel so bad about the depreciation in your case, knowing how much value they provided for you during ownership.
Cars have, and always will be depreciating assets, but there is never a place for regrets when following your dreams.
You simply cannot put a price on memories. We all enjoy your journey and your extraordinary passion for your craft.
Tim, great video and love the honesty
On the bright side of life ;) Another benefit that you've probably taken into account, even though you haven't mentioned it, is the income generated by the UA-cam channel with those cars ;) Congratulations on the channel. :)
Wow that was amazing video, I just love that you are not afraid to talk about money and finances that come with such cars