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The first one is actually better imo.
The second one cuts off the wheel and you can see where the sig ends/begins.
Also the car fades and blurred on the bottom.
On the first one, I think you should change the black to the forum background color to make it look a little cleaner and nicer.
I gave it a try, but I guess its some bumps along the road, BTW here is the one with the white BG k.
#1 just a white BG
#2 Moved a bit with a deeper shadow