Your the kind of car enthusiast I enjoy hanging out with. Ive gone to cars and coffee Folsom and there’re a lot of arrogant DB’s out there. Good luck with it Ill be watching. I was going to pull the trigger on a 458, but not until the insanity stops!

I was just thinking to myself a day or two ago about your car, wondering what had happened. With current values bringing six figure sales on 360's recently, I think eventually you'll be fine monetary wise on this car. I don't see values dropping to near what you paid for it. So there is that consolation. Keep at it. Glad things are okay.

Matt, what makes you think the wheel is bad? I suspect the problem is, the threads are stripped in the hub (that the lug bolts screw into).

Best of luck man! I hope it gets sorted out really quick so you can get to enjoying the car and all the fun adventures that await you.

Matt, we MISSED you man, it’s damn good to see you and especially to hear business is going well 👍🏻. From one 360 owner to another, I’m sending you positive vibes 👊🏻 and as always wishing you the very best 🥇🏆🏅

Matt - thanks for the update. Please keep us posted as you continue your journey.

You seem like a good dude. Very sorry this happened. I'm not in an area where I can enjoy the company of other Ferrari owners. So please keep going to the ride and drives and just think how sweet it will be once you get this behind you and you pull in with yours. I just drove around in circles in my Testarossa all alone!

I saw a yellow 360 the other day which made me think of you and your situation. Really hope it works out for you soon. You seem like such a level headed, cool dude. Best of luck.

I hope you resolve this situation quickly. This whole mess with CNC makes me anxious to buy a car from any independent besides a ferrari dealer. I believe the laws need to be changed to protect the buyer and co signer from this type of fraud. I bought my car directly from the owner and it was a simple transaction. Check in exchange for car and signed title, and I drove off.

Recently, the dealership here had an F40 on display that I went to go visit. While I was there I wondered how your story was progressing. I hope one day you have some good news for us.

You need to bring this thing to the Car Wizard.... he'll sort this thing out and probably make some good videos off of it.. Maybe you could catch a break that way....

@EverythingorNothing

2 жыл бұрын

Yeah find somebody on KZread like Tavarish or the car wizard. Reach out to them they can get a sponsor to help offset some of the costs of the repairs and then generate a ton of views on their KZread channel fixing your car for you. I know you don't have a lot to offer them per se but in a sense you do. Get a hold of one of these prominent KZread restoration guys I'm serious on that and I think you may end up walking away from this in a very good light.

Stay positive. Nice video & the car is beautiful.

CNC screwed a lot of folks. This is my worst nightmare when it comes to buying a super car. Thanks for sharing Matt. The value of the 360 will go up so continue with being patient. I hope everything works out for you. You seem like a good guy.

Hey Matt, Good to see you back. Was hoping to hear a Christmas miracle, unfortunately not yet. It will happen, go ahead and Bitch, you have good reason. When this is all sorted out, car mechanicals etc. Please film your first real drive and journey. Fulfill the original dream, I wish that I had done that with the PCA years ago, a lot of great memories. Hang in there. Great idea to rent it out by the way, Take care.

This is awful , I feel bad for you! I’ve had some frustrations with classic/collector cars but this is the limit , hopefully when things get straightened out you can enjoy it. Might be worth the trip to get some issues sorted out with the Car Wizard in Kansas.

Good to see you back Matt. I drive by CNC a lot and I feel bad for you and other victims of them. Like others said, take it to the Car Wizard in Kansas. That would be a great collaboration.

Good luck with everything I hope it all works out. I miss having a 360 they are fun cars.

Always welcome as you are part of the Ferrari Family buddy.

I'm really hoping All works out for you be nice for a holiday treat wouldn't it. I just purchased an f-430 love the car I can't imagine what you're going through. Absolutely heartbreaking hearing your story I'm a very passionate car guy myself what you're going through is someone necessary your dream has been stomped on all your hard work and money. I'm hoping and praying for resolution for you man. Car communities are amazing The people make the ownership worth it. Those the perpetrated this crime may they be prosecuted to the full extent of the law. Keep us informed and keep the faith

I drove by CNC today. Hoping for the best . 🙏🏾

I feel your pain brotha, this too shall pass.

matt..i know my suggestion might not be what you want to hear,but there would be another solution to fix this mess. and it is YOU taking a mechanic crash course,and get the thing slowly fix'ed by yourself.this is no rocket science,but of course you need to know where you're going,so getting a mechanic course would gets you to the right place so you can DIY along the years and gets the car eventually fix'ed along the next 2-3 years.on top of thjat you would gain another skill set,and maybe it would open some other doors for you ;you said you love the ferrari owners club you're a part of.......here is the part where it might leads you to some other interesting endeavours.....i know,it's quite a workload,but it is still better than throwing much more cash in it,because you probably already knows that a large part of a repair bill is the ''''work''',not the parts.

I have been in this situation before. To cut your losses you need to sell the car in parts. You don’t need a title to sell the motor, interior parts, rims etc. your only hope is to part out the car. You probably won’t get all your money back but you will get a significant amount back.

Good luck. Get it going properly, it will be worth it. I've got one.

Once you get the title, maybe there is a sympathetic shop out there that will help you with some of the labor associated with the repairs? It would be a great way for them to get some good PR.

Hope you get it sorted out Matt

Glad to see you back Matt! I have a feeling this will all work out for you somehow someday hopefully sooner than later. Can I ask how you rent it out for corporate events? I live in Arizona and would be interested in doing something like that for my car.

Thanks for the update Matt I do a lot of work on my car myself reach out to me and we can exchange numbers and maybe I can help you out with some of the repairs. John. I'm in the SoCal area if I get up to the NorCal area you and I will have to go for a ride.

I’ve been curious when we’d see an update.

My use 430, I bought last year has cost me a lot of money, but it's coming along. I do have the title, that's not the problem. It's just that the was completely neglected. When it was finally beat to hell they sold it, and took everything. All I got was one key. I'm going to join the Ferrari Club Of America, maybe I'll run into to you Matt. My car is a black 430 coupe with yellow accents all over it. I was at the Silicon Valley Ferrari car show last Saturday. I noticed several you-tubers took photos of it and posted it online.

Matt, If the wheel lug holes have oval shaped, you can get them bored out and get lug hole steel inserts pressed in. This is a normal thing to do on alloy race car wheels

I feel for you, what a pain.

Buy a wrecked one and swap parts as you need. Probably engine alone would be worth it. I have owned few Ferraris over the years. Last one was 2017 488 GTB, they are fun for sure. Looking to get a 488 Spyder this year. If you are having so many issues I would really consider buying a wrecked one, otherwise parts on these are expensive.

What i really wanna know is where did you get that Ferrari sweater? lol..i've been looking online and can't see this particular one anywhere

Very unfortunate. I feel your paid bro. As a owner of several Ferraris my best advice is to buy from a Ferrari dealership.

Matt has had quite a bit of bad luck with this car, but I'd say the left rear picking up a screw, and thus discovering the damage to the wheel, saved Matt from possibly a really bad accident. I thought he knew about the issues with that wheel earlier, but I guess this revealed more. I still think that, in the long run, Matt will pay off the original owner with maybe 20-25k, get the title to himself, then in 3-5 years have a fully functional Ferrari after more repairs.

Is the Fisker Karma still behind the dealership?

Great story. I would move on from a personal perspective to reset. Take a blank piece of paper and a pencil strategize all exit opportunities; use different color pencils and highlighters if you like. Ask some friends, car buffs, dealers for ideas you haven't considered. You can narrow down a few price maximization (loss minimization) approaches. The 2021 hyper-inflationary economy and car bubble may a real advantage; don't underestimate how those factors change strategic thinking. But the liquidity window inevitably closes so there is a timing factor (or price spiking and easy financing continue for a long time, who knows). I suppose finding a way to work with the title holder to sell the car would maximize value for both; that could minimize losses for both of you and end a painful chapter. That grey legal area would require a lawyer IMHO. The history / issues will attract either a mechanic or KZreadr who will enjoy resolving all the issues, and can do that at costs for parts and labor well below retail. Good luck.

The Ferrari 360 Is such a nice car😍😍😍 but after seeing all the problems they have I ending up with buying and Dodge Viper gen4🤠🤠🤠

Shoulda just got a brand new GT500 for what you paid for it’s in the same price range, not saying you didn’t make a good purchase but for everything that goes around it and what happens to a regular purchase to the car you have personally for me it’s not worth it when you could of had twice the HP twice the tech and a warranty. BUT best of luck to you been a subscriber to your channel ever since this started happening will be tuning into all your content for the rest of your KZread career!

Tal Ben- Eliezer has made a great suggestion, perhaps worth a contact with Car Wizard, even though you may be on the East Coast. Or one of the other US (I'm in the UK) KZreadrs where you could perhaps do joint videos. Hope this works out for you.

I think its a life lesson.

i so sorry why to hear this . when i get one , because i am a mechanic , i will do ALL of my maintance .

What about parting it out?

Given the $40k+ “repair and storage”overhang - mechanics lien could be one option to force the title situation.

Maybe one of the KZreadrs that can repair this car could help you do the repairs for way less money. This entire CNC nightmare is bad for all involved.

I feel for you Matt. I'm in the exact reverse situation from you as my F355 is in your area and I hold the title currently.

@FML

2 жыл бұрын

I’d love to hear your experience and perspective on this. I’m also very sorry you’re wrapped up in this mess…

@nickfalzone7955

2 жыл бұрын

Spoiler - Matt has John's car

@johnmeyers9072

2 жыл бұрын

@@nickfalzone7955 Nope, lol. I know where mine is and it's unfortunate because he is just as much a victim as I am.

@nickfalzone7955

2 жыл бұрын

@@johnmeyers9072 what are u going to do about it? Matt sounds like he is trying to work out a number that works for both of them, split the difference.

@johnmeyers9072

2 жыл бұрын

@@nickfalzone7955 I'm currently waiting on the California recovery fund to provide a little help and then probably work something out like that in the end. Many of these buyers are in a better equity position now because the market has risen substantially on these vehicles. An agreement between both buyer and seller to put the car up for sale would ease the pain on both sides.

The 360 is a good car ,, hang in there

what are the repairs ?

Have you considered passing the admin to a lawyer? The dmv would take your case more seriously and the lawyer would make this his job to resolve it for you- quickly and thoroughly.

Matt - I realize this doesn't help a ton, but your car absolutely has gone up in value since you purchased it. Probably not enough to make you square against the monster repair bills, but I don't think you're all that far off. Crossing my fingers that ultimately things work out for you.

@FML

2 жыл бұрын

Yeah, I think the only way to be made square on it is to get the title, spend the money on repairs and keep it for 10 years. But at that point I’d just keep it. Thank you for commenting!

@cliess

2 жыл бұрын

@@FML Yeah, getting back to even might be difficult, but you never know. Silver lining here is that sports cars are continuing to rise in value and F430's are popular. I'm crossing my fingers that you ultimately get the title and repair situation sorted and get to enjoy the hell out of your car. You clearly have earned it.

How do you rent your car out to corporate events???

I’ve been considering a 360. What is wrong with the car that it needs $40k worth of work? Does it need an engine rebuild? They sold a car that needs that??

You need to sue the dmv of California. They should be more aware of a bad dealer.

If I was in your situation I would do a lein sale on the car. You could easily repair the wheel that keeps coming loose by having steel inserts placed in the rim and it will not come loose again.

You are driving it? You don't even own the car !! Sheeesh

The Mechanic says dont drive it and you drove it. Geez man just listen to others at this point lol. Hope things turn around for you.

Aside from the car being in the garage what is stopping the owner from coming and picking up his property? I mean he does have a clear title. Right?

Contact the Car Wizzard in Kansas. I’m sure he could straighten it out for you.

Hello dude, I'm Randall. I had been looking forward to an update from you. I feel sorry that it is not the update you and I believe most of us wanted for you. However there are some good suggestions here in the comments about partnering with another You Tuber like the The Car Wizard. I would like to see you reach our to Normal Guy Supercar. You may know of Dan, if memory serves. He is a real genuine Guy from what I see from his channel and a partnership may help you get it repaired at lower cost. Your car could be good content for his channel, if you guys could work out a deal with some of his partners. Normal Guy currently has a 355 project going. The 355 is my dream. I also think you are on the right track by wanting to reach out and work out a deal with the title holder. I think that is the best option for you to keep the car and be able to enjoy it. You would want to make sure he/she did in fact lose out before any deal you might make with him/her. It would be interesting to know what happens when you research the VIN of your car? You say you have to get a rebranded title. What is a rebranded title and what is involved in getting that? I get it it is something that allows you to title the car. If you do that I assume the title holder loses out totally, if they did not get satisfied by CNC. Therefore, that could be the leverage you could use to make a deal on the title. Good Luck Dude. I would love to see you post up some videos from FCA outings. Its rare to have a 488 out. You need to do a video on that car. That is what we love, to hear and see these amazing cars in action. Peace and Love brother, Stay Safe.

Matt, Have you considered selling your vehicle? For sure you wont's get very much for it but you would be cutting your losses.

Did you buy it through your business? Maybe you can write off the expense as a loss and recoup some money?

Omg, feel for you mate. You bought this but don’t legally own it, that’s awful and to compound things it needs fixing. Jeeez

Have a negotiation with the title owner to sell the car and get some of your money back. It doesn't have to be this difficult. Oh.. and the car doesn't have $40k with of repairs. Get a new mechanic. Only schmucks pay $2000 for an oil change.

Rule #1 - Always have the car checked out by a reputable mechanic BEFORE handing over your money.

So sorry you had to deal with that place. Is Clay the owner in jail?if not why are they taking so long to arrest that con man. He committed fraud and broke California law many times. That sucks you have a large piece of paper weight sitting in the garage. Damian Forbes at FMSOCAL here in Los Angeles is an excellent Ferrari mechanic. I found him through the Ferrari club here in Los Angeles. He can fix your car if you get the title and still want to keep it. His rates are less than a dealer and reasonable.

Once you have title why don’t you hook up with Dan ( Normal guy super car) as he needs content, you could film it & between the two of you it would be great to follow your cars journey back to good health. I’m not saying at no cost to you but Dan would earn from it & you would get a highly discounted rate. Seems a Win Win for both of you.

How much is the owner of the Title out? Do a video on that conversation.

@FML

2 жыл бұрын

One Ferrari.

Actually... the car may be worth what you are into it for.. prices are skyrocketing

You paid $10,000 in sales taxes?! Wow!

Hey buddy , I'm a ferrari owner for over 10 years , email me , I have the right guy to fix your car

NEVER EVER BUY FROM A consignment dealer ✌️

@fredbobberts5753

2 жыл бұрын

…..and not get the title. Money car title never let anyone have all three.

So you have paid all cash to CNC the full amount + tax and they have not given cash they owe the the owner before right? Wow I really feel bad for the owner before, but that person holds the paperwork? What's the solution to this problem? Who gets the car? + who gets the cash if there any left of the cash you gave CNC.

At this point you and the owner have no idea how much money, if any, you'll get from a DMV settlement and/or court order against CNC. CNC may only have enough money to pay 10 cents for every dollar owed. If the owner was due $70,000 from CNC that would be $7,000. It would seem the owner has the choice to accept or reject the $7,000. I don't know, if post settlement, you would be forced to relinquish possession to the owner. At this time, for you to get in control of your destiny with this car you, the owner and the credit union could be on the title. At least your monthly payment can be reduced because the credit union got the title. Then, you and the owner can figure out what to do. Also, your insurance may be invalid. Highly likely, the application for insurance asked whether or not you are the registered owner.

Are we gonna hear this saga for the next 2 years!! Good God put flowers in it and put it on your front lawn.....Move on will you!

Clay needs to have everything he owns liquidated to pay people he owes money to. Clay is another Berni Madoff. Clay needs to rot in prison for life.

Careful with Ferrari clubs 😂 Or exotic car groups in general. The people are friendly but unethical, it's more of a networking schtick than authenticity. You might be shocked, stay in the scene long enough and you'll see a couple of them end up in prison. Clayton Thom isn't an anomaly it's more of a culture issue with displays of wealth. Car enthusiasts beware. I'm so sorry for your struggles with this car, you don't deserve the hassle.

I've been wondering what's happening with these CNC scam cars. In my state (CT), the person who has the title would still have legal ownership of the car. I know it sucks that you paid CNC money for this car, but without the title, there's not much you can do. I'm not sure why the title holder couldn't reclaim the car from you. At that point, you'd have to recover from CNC. And yes, I realize that they've most likely hid any remaining assets - hopefully the court could foreclose on property to offer some relief to scam victims, or possibly there's bonded state funds for this.

@johnnypk1963

2 жыл бұрын

The millions that CNC (Clay) owes ppl r long gone guaranteed. Matt will be lucky to get back pennies on the dollar. The question I have is why hasn’t the owner claimed his car back from Matt? I would’ve.

@fredbobberts5753

2 жыл бұрын

Absolutely.

Unfortunately, Ferrari creates an illusion that these cars are beyond the skills of mortal mortals . Nothing could be further than the truth. If your not willing to do the work yourself, within reason of course, then hook up with some of your Ferrari buddies, to get you a reputable mechanic that they use. The key is, who they use. As far as your wheel situation? KZread is invaluable source of info. I'm sure its not the wheel, but either the lug nut is stripped or where it bolts into the wheel housing is stripped. I dont think Ferrari's have studs. Unless the wheel was hit and totally out of whack, that should be the problem. Good luck

when something doesn’t work anymore i just throw it in the Trash. Get rid of that Garbage, Cancel that Ferrari Club membership another waste

what do you expect buying a car like that..every rapair cost a fortune

You can’t have the title cause the original owner didn’t receive the payment you made on the car that’s paid to CNC, and the original owner can’t have his car back since you already made payment to CNC so it’s unfair for you to just give him back his car after paying $80k. I doubt both you and the current owner will come to a fair term as either way someone is gonna lose out. Cause it will be ridiculous for the original owner which is also the victim of CNC to fork out money to buy his car back and it’s also unfair for you to just return him his 360 after paying $80k. Maybe the best situation here is to cash out on some insurance money and write it off LOL!! Ohh or maybe you can discuss with the owner and registering the vehicle as a rental car and y’all can split the rental income

@diddy2612

2 жыл бұрын

At the end of the day the title owner has legal say over the car. If he really just would press the issue he could get his car back

@nickfalzone7955

2 жыл бұрын

It is more complicated than that - it will play out in court

@asherbrown9634

2 жыл бұрын

I think the person who bought the car will probably win. If you watched the rob ferretti saga, that is what I believe happened with him.

@passionnotparked9099

2 жыл бұрын

The Owner Named on title will get the car, Matt will have to go after CNC for his Fraudulent Purchase. Either way Matt looses...sorry Matt.

@diddy2612

2 жыл бұрын

@@passionnotparked9099 exactly. You can’t buy a car that legally belongs to someone else

You’re not too bright...

I drove by CNC today. Hoping for the best . 🙏🏾