[Newsbot]

Title: Ferrari and BMW clocked at 200 km/hr seized
Category: Law & Order
Posted By: Hyack
Date: 2010-11-23 19:12:32
Canadian

[QBall]

I'd say that this is the right thing to do until I read that the drivers of the two vehicles would be receiving proceeds from the sale of the two vehicles. What the hell is the point then?

[hurley_108]

Agreed, but the province keeping 20% is still a $47,000 "fine" of sorts - no chump change.

[Mockingbird]

What's to stop them from getting another car that can achieve these speeds. I would not only like to see their toys taken away but how about a suspension of their lisence for a year or two.

[andyt]

I was going to say 200kph, meh, I've done that. But not up MT Seymour parkway, which is all tight curves. (Doubt if they could have maintained 200 in those curves).

But our law doesn't have enough teeth. Blow .06 and you can lose your car for 3 months and get hefty fines. Drive like a moron and you lose your licence for 2 weeks? And get most of the money back when your car is impounded? Nuts.

[xerxes]

The owners only recieve 30% of the sale value as well.

[Brenda]

2 week suspension is ridiculous. What about taking their license away, have them do a course on road safety, mandatory driving lessons and going back to a learners license?

Now, after reading the story, 2 things... How can you sell cars that are only impounded for 7 days?
And:

$1:

Fifty per cent of the proceeds of the Ferrari sale will go to a relative of the driver who was part owner of the vehicle but not involved in the incident.

OUCH!!!
I feel sorry for this guy. He should be cleared and not have to suffer any financial loss.

[andyt]

The govt is taking 20% of the value. The rest goes to the banks that hold the loans, and one part owner. I say take the cars completely - now that would be a serious fine. That's what they do in some European countries - fines are based on ability to pay, and a Finnish guy, I believe, had to pay 250K.

[martin14]

wow, normally names are plastered all over the article.

This one, nothing.


Chinese ? or Arab..

[Brenda]

andyt andyt:

The govt is taking 20% of the value. The rest goes to the banks that hold the loans, and one part owner. I say take the cars completely - now that would be a serious fine. That's what they do in some European countries - fines are based on ability to pay, and a Finnish guy, I believe, had to pay 250K.

Yeah, but there is a complication here. Another half owner who has nothing to do with it...

[raydan]

Brenda Brenda:

andyt andyt:

The govt is taking 20% of the value. The rest goes to the banks that hold the loans, and one part owner. I say take the cars completely - now that would be a serious fine. That's what they do in some European countries - fines are based on ability to pay, and a Finnish guy, I believe, had to pay 250K.

Yeah, but there is a complication here. Another half owner who has nothing to do with it...

If you read the article, it says 50% of the sale is going to him.

Just goes to say though, be careful who you go into business with, or in this case, co-own. I've seen a lot of cases where one of them gets screwed. Like when you co-sign a loan, you're not respossible for 50% of the loan, you're responsible for all of it if the other person decides not to pay.

[Brenda]

raydan raydan:

Brenda Brenda:

andyt andyt:

The govt is taking 20% of the value. The rest goes to the banks that hold the loans, and one part owner. I say take the cars completely - now that would be a serious fine. That's what they do in some European countries - fines are based on ability to pay, and a Finnish guy, I believe, had to pay 250K.

Yeah, but there is a complication here. Another half owner who has nothing to do with it...

If you read the article, it says 50% of the sale is going to him.

Just goes to say though, be careful who you go into business with, or in this case, co-own. I've seen a lot of cases where one of them gets screwed. Like when you co-sign a loan, you're not respossible for 50% of the loan, you're responsible for all of it if the other person decides not to pay.

Which is exactly my point. I did read the story. But, you would have known that if you read my previous post

[andyt]

martin14 martin14:

wow, normally names are plastered all over the article.

This one, nothing.


Chinese ? or Arab..

Actually in North Vancouver it's the Iranians who do a lot of this shit. But, you know, the odd white guy or two also does.

[andyt]

Too bad about the part owner losing his share. They should let him sue the guy driving, would be my suggestion.

[ShepherdsDog]

andyt andyt:

martin14 martin14:

wow, normally names are plastered all over the article.

This one, nothing.


Chinese ? or Arab..

Actually in North Vancouver it's the Iranians who do a lot of this shit. But, you know, the odd white guy or two also does.

Usually like this though