My thoughts exactly. The owner probably is out of work, can't make the payments and needs to get rid of it. Maybe the value is less than he owes or who knows what. Just a quick two minute job and the insurance company can own it.
Here is another piece of info. for those watching the video.
You obviously notice the car is parked on the street. NO ONE parks on the street. It is legal, but the houses around all have off street parking so you never see cars parked on the street.
That was the first thing I found odd... why was someone parked on the street?
So I assume the guy parked it there with the plan to go out at 2:30 and take care of it.
Also you will notice in the video the 'suspect' does not appear to be carrying anything, or at least not anything large like a can of gas. Maybe he soaked the car earlier in the day. To bad I don't have any video of the actual action. Guess I will have to buy some more cameras