The Iced Coffee Hour - “Car Values Are Plummeting!” Doug Demuro Exposes MASSIVE Price Cuts, Deals, & Ripoffs in 2025

Episode Date: January 5, 2025

Oracle: Cut your cloud bill in half—switch to OCI today https://oracle.com/iced Ramp: Now get $250 when you join Ramp at https://ramp.com/ich Range Rover Sport: Start designing your Range Rover Sport today at https://www.LandRoverUSA.com Subscribe to  @DougDeMuro  Here! Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: [e-mail] For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00:00 - Intro 00:03:46 - Car market changes over last 3 years? 00:05:53 - Future car market predictions 00:12:34 - Sponsor - Oracle 00:13:43 - What happens when EV incentives end? 00:15:57 - On government EV incentives 00:20:22 - Dougs car collection 00:25:14 - Cars currently in demand 00:28:58 - Cars that have lost their appeal 00:33:21 - Sponsor - Ramp 00:34:26 - Best car for the average person 00:35:48 - Low-maintenance cars 00:37:18 - Why no EV convertibles? 00:40:48 - Best time to buy a luxury car 00:43:47 - Why no manuals anymore? 00:46:34 - Must-have car features 00:53:18 - Best tech in cars 00:57:24 - Why self-driving tech is problematic 00:58:44 - How to make money with cars 01:01:25 - Sponsor - Range Rover 01:02:25 - Cars as investments 01:05:19 - Best investment vehicles 01:19:02 - Financing insights from Cars and Bids 01:29:26 - Doug’s overhead costs 01:33:19 - Car owner stereotypes 01:36:26 - Experience as CEO of Cars & Bids 01:40:08 - How C&B has changed since partnership 01:45:17 - Does Cars & Bids reject listings? 01:50:55 - Running a business with kids 01:52:11 - Balancing business and family 02:01:02 - Biggest insecurity 02:08:09 - Doug’s favorite books 02:09:13 - Doug’s interests outside of cars 02:11:05 - Favorite travel destinations *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices

I often think about this, if I was just somebody who didn't care about cars, what a great burden that would be lifted off of me. This, this, this, this, this. I drive around and I'm like, I see Prius's and I'm like, I wish I could just have that. Handling is just next level precise. Your website is the website I check every single day. It's always cool stuff.

This F430 Spider is currently for sale, and it's being auctioned live on cars and bids. Do you have any predictions then for the future of the car market? A lot of car enthusiasts are angry now. I can't make money on my cars. It's like, well, that's the normal state of the market for 60 years. So for people who want to make money on cars, what are you seeing these days for investment-grade vehicles?

End of 21 was the absolute peak of the craziness. They are very rich, and you are very poor. I think the only way right now to truly make money on a lot of these cars is... Doug DeMiro, thank you so much for coming on. iced coffee hour podcast. Yeah. This is incredible. You said this was all designed and owned by an architect before you. This space, there was an architect who built it out for his own personal car collection, and then he like outgrew it sort of, like it needed a different space that had windows understandably. And so then he moved into that space and he leases this space to us and we,

it's been our headquarters. It's been good. It's gorgeous. I mean, I want something like this in Vegas. Yeah, it's cool. I mean, there's drawbacks. Okay. So, like, Like when I'm shooting, like when you're shooting stuff, there's no rooms, right? So like if someone has a meeting, the cars are being used every day, every single day, the cars are used as like meeting rooms because that's the only place that you can get, like have a Zoom call and not interrupt filming that's going on. And so that's kind of an issue. And then also the fact that you can't see the sun during the day is a problem.

It's good as like a casino. It like keeps you going throughout the day. The guy to have rented it from had his, had a lift. over here and he had his mechanic work on his cars. He was like, we loved it because we didn't put up, we didn't put up a clock. And he couldn't see what time. He would just keep working, working, working away. He realized it's not a clock.

So I would prefer, though, just get some light, you know? Like, it's nice. You could put in the fake windows. Have you seen those are the LCD screens or whatever? Fake windows. We'll put it. Okay, cool. Well, no with the gram.

A lot has changed since our last podcast a few years ago. Yeah. With Cars and Bids doing incredibly well. That's where we're here now. Did I had, I launched Cars and Bids? When we'd barely. Barely. It had just started.

So like probably fall of 20. Correct. Correct. Yeah. And then in the process, too, you've, you've accumulated some really incredible cars. Cars. Kuntosh behind you, the Carrera GT that's in service. I know.

I'm sorry. It's not here. They promised to be back two weeks ago. Yeah. And a huge infusion of capital into cars and bids. Yeah. By an investor, that's incredible. Yeah.

So congratulations. Thank you. It's gone great. Cars and Bids is killing it. We're running or auctioning like between 30 and 40. cars every single day. I mean, in the winter, it starts to slow down a little bit, but, and we're into that now, December. It's funny. Your website is the website I check every single day. Every day is cars and bids. There's always cool stuff. Graham sends me

a listing way too often. Way too often. Sometimes I'm seeing prices that I'm just like, this makes sense to buy if I needed a car. Yeah, stuff's getting cheap again. There was a period, especially during when we launched, because we launched in 20 when the car market was in this sort of turmoil where stuff got expensive. And that would held to be held true. in 21 and 22. And stuff's gotten down now to a point where it's like, as an enthusiast, as the owner of a car market auction

website, I'm like, darn it. But as an enthusiast, I'm like, yeah, let's get some cheap cars up in here. So how has the market changed over the last three years for cars? Pretty significantly, you know, three years ago, which I guess would have been end of 21. I mean, that was the peak. Ended 21 was the absolute peak of the craziness,

which is when all those COVID shutdowns had really stopped production of new cars or heavily diminished production of new cars. And so used cars had gotten incredibly valuable. And at the same time, money was cheap. And so used cars were becoming more valuable. New cars were not available. People were getting incredibly low interest loans. It was on, I mean, it was, it was thunderdome. Like, we couldn't put, we couldn't put reserves on cars high enough to sell. Like, every, people come in, ask for crazy reserves. We'd give it a shot. It would sell every single time. It was just

crazy. Things are different now. The supply and demand in the market has certainly caught up for most automakers, I would say. Some automakers are still in a under supply situation that's carried over from COVID and they've never dug out of it. But a lot of the automakers have caught back up. So new cars are cheaper now. Capital is more expensive, right? Getting loans is harder, more expensive to finance cars. And so that has made new cars cheaper, which in turn has pushed use car prices back down. And the market is considerably different now. And we still have people cling into values two years ago when they're submitting their cars. And it's like, there was a time. But it ain't now.

How do you ease people into that when they think their cars were 50 grand and you say, well, it's really worth 30? We try to send them as many comps as we can on our site, on other sites, bring a trailer, but also just advertisement cars, cars that are being listed. It's like, hey, dude, you want 50, but this car is similar to yours and they're asking 40. Like, you're not going to get, you know. And sometimes people don't buy it and think that we're in communities across Canada, hourly Amazon employees earn an average of over $24.50 an hour.

Employees also have the opportunity to grow their skills and their paycheck by enrolling in free skills training programs for in-demand fields like software development and information technology. Learn more at aboutamazon.ca. We're trying to sell, put them in a low reserve to make our money and cheat them out. And honestly, a lot of those people go away, pissed at us and then come back four months later and they are like, yeah, well, I couldn't sell it on Facebook Marketplace, I think we can try again. And a lot of times it's like, well, yeah, but now the number's still a little lower.

I mean, that's the situation. These people are often chasing the market down. And a lot of those people have negative equity from that period in 21, 22, when they were all gung ho about buying a car, and now, and now the market is different. Do you have any predictions then for the future of the car market? I mean, I think it goes back to the way it was. You know, it's interesting. everybody, a lot of car enthusiasts are angry now. Like, I can't make money on my cars. It's like, well, that's, that's the normal state of the market for 60 years, right? You bought a car, a new car, especially. You couldn't flip it and suddenly make 10 grand.

Like, that was an unusual time. And I think that a lot of car enthusiasts are upset about that. But, like, cars depreciate. And my general prediction is that most cars will no longer be able to be flat or even an increase. They will depreciate like they used to. And we're already seeing a ton of cars now starting to. come down from those. Some cars were high. COVID happened. They were flat for two, three years, and now they're starting to drop again. And it's like, this is normal. This is how a market works

with goods that are newer versions of those goods are produced. That's just how it should be. So what do people do if they have negative equity? Because the issue that I see is that values were so inflated that this isn't just normal negative equity. This is, I got a loan at $100,000 for a car that was worth $70. Right. And now it's worth $35. Yeah. And especially this is a little on electric cars, right? Those cars have depreciated so quickly. And they were some of the cars that were the hottest during that period. When you think back, the Rivians. I mean, we were selling, when Rivians first showed up, we were selling Rivians for $135,000. You can now get a pickup Rivian for under 50 in the 40s. And that's a pretty substantial decline in what ultimately amounted to be

three years, right? I mean, yeah, what do you do if you have negative equity? You got your only options or your only options, right? You keep paying the loan and just kind of wait it out. which a lot of people don't want to do, or you have to try to roll that into the next car, and that's not a great situation either. Or, I mean, it's a tough call. And a lot of people are in that boat, and they just have to kind of keep going on.

If you find yourself in situations like that, you can't just get another new car. You know, it doesn't always really work like that. Some automakers who are a little more creative on financing might be able to get you in there on a new car. But it's generally not a good idea to follow up on those things. Yeah. What?

if you already have negative equity and trying to, yeah, I mean, because you're going to end up with negative equity on the new car, too. At the end of the day, you just got to probably, what the smart financial thing to do would be to just kind of weight that out, or if you can, depending on your rate, you know, pay off some portion of it or sell the car, pay off the balance and get something cheaper that's more affordable for you. Those are probably the smart things. Now, we were hearing a lot about a repo crisis of people just walking away from the car loans. Has that happened? I don't know. it hasn't. People were talking about that as being a thing. And I've heard that carloan delinquencies are on the rise. But I don't know. It's certainly in our corner of the market where we're

dealing mostly on enthusiasts cars, a lot of cash buyers. The enthusiasts, a lot of times stretch like crazy, but not like the kind of people who are buying Bentley's or Maseratis. Right. Those people are really, they want the flashy show off car. That's not like the 9-11 buyer, the BMW M3 buyer usually. And so we haven't seen like that level of just like, I can't, I can't afford them to get out of them to walk away. I don't, I don't hear a lot of those. stories in our corner of the world. Maybe it's happening in like the big truck segment where people get into $1,800 payments

and they're like, damn. But usually with the truck, they use it for work. So it's one of those things where it's actually making the money, even if it's costing, hopefully. A lot of those people are just more a cool truck. That's true. Why are EV prices crashing so much, though? Why is that market so far?

Man, if you want a good used car cheap and you can deal with the electric thing, those things are... I've been looking at Tesla's lately. The prices that they're selling for, you sold a Tesla model Y that was like almost brand new with the Expell, you know, paint production. I think it was like 33 grand. We're selling plaids in the 50s. Yes. That's a thousand horsepower. Yeah. We're selling lucid airs for half off. A car's a year old. Like it is wild what

has happened to the EV market. It's almost too good to pet not to, at some price, no matter what you think of EVs politically or personally, at some price, you start to be like, that's interesting. Yeah, the plaid at 50 seems like such a good deal for a 2022 plaid. I did not know that was happening. That breaks at my heart. You know what? Jack has a history of buying at peaks. I have a history of buying at peaks.

It's like an ongoing joke of the channel. I decided finally, after years of waiting, because I, you know, delayed gratification. No, no, no. I'll buy it when I'm more financially comfortable when I have a cushion. I finally shelled out the money to buy a Tesla Model Y. And I spent for, I think it was completely the base. I used existing inventory, though, to even get it cheaper. And the only thing that I changed was I had white interior.

And I got the long range on the Tesla. And you didn't use my referral code. I use my dad's. So, yeah. You want to get upset at that. Whatever. I paid 58 grand for it plus tax. When was this?

No, no, it was 58. All. All in. When was all in? This was September of not last year, but the prior year. It's turned 22. Or maybe it was September of last year. It was September of last year, I think.

Okay. Yeah. I mean, it's not, to be clear, that's still a great car. You just keep driving. I love the car. It's worth 50, you know, 58, whatever I paid for it. But it's, you know, depressing knowing that I could have gotten a plaid or something like that. It is crazy how those cars have lost value.

And to be honest, the Tesla's, although they have a lost significant value, there's some other ones out there that are even wild. I mean, I look at the lucid numbers. I look at Hummery Vs, those giant. Yeah, I remember when those were selling over. We sold one for 300 or close. And those are $100,000 trucks now. If you're lucky, you might be able to get. get it under like the 85, 995, depending on mild and stuff like that. That's a big hit.

You know, the bad, the heavy hit are guys who wanted the first one to pay 300. Those guys lost 200 grand in value in 24 months, probably. I mean, that's really a lot. Why are they crashing more than any other car? Why? I think at the end of the day, the demand for EVs is heavily subsidized by the government incentives. And the demand is just not as strong as the government wishes that it was. And the automakers are heavily subsidized to make EVs because they also get significant incentives. And they can pass those incentives onto the consumer. I mean, they can apply the consumer incentives to the lease payments and get the leases lower. And so there's real benefit for them.

But at the end of the day, the secondary, there's not, the primary market is propped up artificially by these incentives. The secondary market doesn't have incentives. And so that's where you see the actual value of these cars. And it is yikes. But if you're interested in a used one, it really legitimately does start to be. become kind of appealing. A Rivian at 40-some is like, that's kind of, I mean, those are cool. Those are cool trucks.

The first original ones at 850 horsepower. They're off-road like crazy. They're nice inside. Even if you think it's a bit overhyped, AI is suddenly everywhere, from self-driving cars to molecular medicine to business efficiency. And if it's not in your industry yet, it's coming very quickly. But the problem is AI needs a ton of speed in processing power. So how can you compete without cost spiraling out of control?

Well, it's time to upgrade to the next generation of the cloud. Our sponsor, Oracle Cloud Infrastructure, or OCI for short. OCI is a blazing fast and secure platform for your infrastructure, database, application development, plus all of your AI and machine learning workloads. OCI also costs 50% less for compute and 80% less for networking, so you're saving a pile of money. Thousands of businesses have already upgraded to OCI, including Vodafone, Thomson-Royters, and Suno AI.

On top of that, right now, Oracle is offering to cut your current cloud bill in half when you move to OCI. This is for new customers with minimum financial commitment, and the offer ends March 31st, 2025. See if your company qualifies for this very special offer at oracle.com slash iced. Once again, that is Oracle.com slash iced with the link down below in the description. Thank you so much to Oracle for sponsoring this episode and back to the podcast. So what's going to happen with the government subsidies end on new EVs? Or do you think it's going to end? Because my thought, Tesla can't sell these cars in the 40s or 50s or even 60s anymore if there's no government incentive.

Also, it's not to get political. It's tough for the automakers to do this slingshotting thing between Trump, Biden, Trump. They're making long-range product decisions, right? I mean, the product decisions are making our five, ten years out based on existing incentives. They don't know. And now if the incentives go away, I mean, they spent, we're talking about probably billions of dollars developing cars for incentives that may not exist. And that's a tough situation. I feel bad for them.

Almost everybody is in this boat. I keep hearing this from every automaker contact I have. I was at Porsche the other day dropping off my career JT for service. And I was asking about McCann EV because there's an electric McCann now. And they were like, we got inbound that aren't sold. And that's a brand new, I mean, that car came. I've seen three on the road. That's a brand new Porsche that already, that this is in California where inbound ones aren't sold.

Can you imagine in Texas and other places where EVs aren't as hot. And then you take away incentives and it's like the whole structure, these, the automakers are just going to have to do a huge pivot. And who knows? In four years, things might completely change and then they have to figure out how to pivot back. And it's like, this has just gotten out of control. And I was very disappointed. The Biden administration changed the incentives drastically, even from what they were before. So you had an incentive. Then you had less incentives.

Then you had changed incentives. And it was like very difficult for the automakers to really keep up with what were some of those incentives. My understanding was that it was the 7,500 tax credit. Then they got rid of it. And then they brought it back. And then something about depreciation. What ended up happening, when Biden's administration brought back the significant incentive, they had, they had all these means tests. the car had to be built in the United States.

You couldn't earn more than a certain amount of money. Yes. Like it was income tied. And some of that stuff made sense, but the problem was you had to jump through all these hoops to get the incentive. In the past, they were like, we just want to get EVs out the door. So we're just going to give everybody $7,500. Well, when you start putting seven different things on and it's like, well, that actually, now it's, now it's like a maze for the consumer to try to figure out which cars qualify. And also, it just lowers the likelihood of this accomplishing the stated goal of getting EVs.

out the door. Yeah. So if you had a magic wand and you could do whatever you want to when it comes to EVs in terms of incentives or no incentives or really anything to spur up the auto market, what would you do? This is not a popular opinion in the world, but I would let capitalism sort it out. I hate to say it. I think ultimately, I know, it's funny. That's probably the right answer though. I think the problem is, though, that like we do have an environmental issue that capitalism probably wouldn't sort out until like the very end when the polarized caps have melted and then we're all screwed. It's like, oh, maybe it's buy an electric car. But like the current situation didn't work all that well. And it's certainly not working doing the slingshouting between the,

I would probably let capitalism sorted out more than they are now. I will say EVs are pretty cheap to produce. We had Chinese cars in the studio the other day, and they have some pretty compelling EVs. And I think the populace would actually be compelled into an EV if they were a little better educated about them. I think a lot of people in the middle of country who hate EVs, if they knew better, I think actually they wouldn't hate them. I think there's some real benefits. They're more reliable. They're cheaper to own. But also, I think they can be made cheaply in a way. You're not, you're not developing an engine, right? A gasoline combustion engine. And so these Chinese companies, we had a car in the studio the other day. It called ShaoMei was the company. And they had three

years ago they were building cell phones only. And then they had a car that was tremendously competent three years later. And that wouldn't have happened 20 years ago when you had to develop an engine and get it certified by all these governing bodies, et cetera. And so that maybe we'll help bring the prices down. And in that situation, maybe more people would buy them. But for now, I don't know. China's adopting EVs without significant credits. The market there really wants these cars. And I think that would happen to our market, too, if they were priced Right and and if people that's interesting if there were no tariffs to bring in a Chinese car People buy it United States people in Mexico buy them so cheap they'd be cheap like 20 grand for a new car

Yeah, absolutely or or 40 grand for a car that performs like a plaid but but you know is a model three Model three price rival they sell them in Mexico they sell them in Latin America. They sell them in Europe really Chinese cars Chinese electric cars yeah so Elon says and obviously this may be a little bit bias coming from Elon Musk but he says that it makes sense the future for all cars to be electric from an engineering perspective. Do you ever see a future without gas cars? Yeah. I mean, it's inevitable. Fossil fuels will eventually, I mean, yeah. And I agree with them generally. Evis have some real benefits. One big drawback, though, is, you know, you've got to charge them. Yeah. You're going to, like, plug them in and all that.

Get some strong solar panels to put on the roof. I always thought that would be pretty crazy. I think eventually it could be built into the roads where it's just, oh, that would run as big of imagine. There are cars. There are cars. There are cars. that have inductive chargers. It's just a, but then are you leaving up to the government to do something like that?

And go do you imagine the infrastructure investment? Yeah, yeah. And is electric, if you're going to make that level of investment, is electric really what you want to invest in? Should we be talking about hydrogen? Should we be talking about?

I don't know. But from an engineering standpoint, I agree, and it really is, they're more reliable. All these, there's a cottage industry now of people converting classic cars into EVs because you lose the engine noise,

but you gain reliability, you gain power. it's generally easier to figure out these EV battery situations The amount of components just in a standard EV versus like a What I think realistically could happen is nuclear power in a car And imagine you have like a little like a battery type thing

That you put in a car seriously but but it'll run forever And it'll power like you have a little battery That powers your whole house with like a little reactor And every car Definitely 50 years look back on us or 100 years as like barbaric Like we see pictures of old New York City where they have horses. Right. And we're like, that's insane.

There was a combustion in the chamber. Like, there was explosions and then exhaust came out. Like, that's so stupid. You had to charge it and plug it in and wait overnight to drive your car. That's going to be one of the things. People would be like, what? It couldn't just do it. It just doesn't take a minute.

But it is a weird time right now, right? We're in this weird transition. When I was a kid, it was settled law. You had an engine. automakers made better engines than each other. Now, we'll see. Local news is in decline across Canada, and this is bad news for all of us.

With less local news, noise, rumors, and misinformation fill the void, and it gets harder to separate truth from fiction. That's why CBC News is putting more journalists in more places across Canada, reporting on the ground from where you live, telling the stories that matter to all of us, because local news is big news. Choose news, not noise. CBC News.

Okay, when I sell my business, I want the best tax and investment advice. I want to help my kids, and I want to give back to the community. Ooh, then it's the vacation of a lifetime. I wonder if my out of office has a forever setting. An IG private wealth advisor creates the clarity you need with plans that harmonize your business, your family, and your dreams. Get financial advice that puts you. you at the center. Find your advisor at IGPrivatewealth.com.

On a personal level, at this point, how many cars do you have? I have six automobiles at the moment. Any electric automobiles. No, however, literally yesterday, I just finished installing the second EV charger at my home. And so I'm ready. You're like, why do you need two? I need two, okay? I have decided, I mean, I see the future. Like, I see the writing on the wall. And so I think that that's coming. One of my problems is that I drive cross-country every summer and then back. And doing that trip in an EV adds, like, I just calculated it adds a full day. Yes.

Which is, and then a day back. And that's a lot of annoyance, to be honest. People are like, you just drive for a few hours and then plug it in. And I do 18-hour days on the road. Like, I don't have a problem with that. I'll do 14 miles in a day. And EV just doesn't, you can't do it. It's just not possible.

So one of my cars will probably be gas as long as I can. but I think it's I think I'm ready to make this switch is a little weird question but when you're doing 1,400 miles in a day do you have any tricks to being able to stay like awake and open on the road because I even make the drive between like L.A. and Vegas and that's like four and a half hours sometimes like a little bit tired

That drive especially sucks. It's very very very boring but if you're doing that many you know that distance in a day do you have any like tricks or something I just listen to a lot of music and I just hang out with my dog and no I just like do it. You do it solo? There's no one else in the car. That's crazy. Just music.

Well, people ride and they want to go to the bathroom. And it's like, we're not going to the bathroom. We've got to do 1,400 miles a day. We're driving to say they go to Dallas today. Have you ever had to relieve yourself while driving? No. I can wait until the feel stops. Okay, just check it.

I don't know. That's impressive. No coffee. No. I don't drink coffee or anything like that. You just get out on the road and do it. Listen, it's becoming more annoying, too, as I get older. But there's no other option for me in my situation.

and it's just, it's what it is. It's just what you have to do. What do you mean there's no other option? Well, I, I live in the summer 3,000 miles away. And I bring my dog and like, I need a car. I need the car. I see. And I need all the stuff.

And so, like, it's pretty, I could sign someone to take the dog and pay them. I could ship the car. I could ship the stuff. Or you kill three birds with one stone and you just, you're driving through Oklahoma being like, yep, this is what I'm doing today. And it's great. So you're a trick to like starting early in terms of like missing traffic. I feel like what time do you wake up on a trip like that.

You got to get started super early. And when you're going east, it sucks because you lose time every day because of the time zones. But when you're going west, oh, you get it back and it's beautiful. You know, you cross a time zone line. Suddenly it's an hour, you just gain an hour. You're more driving you can do. Wow. It's not fun.

I don't like to consider it to be especially fun. And I don't recommend it to people. I used to enjoy it a lot and I really don't anymore. I have flat tire this summer doing it and that sucked. But it's, it's. And what, what car do you drive? I have a Toyota, Sequoia, which is a giant sport utility vehicle that has camouflage fenders.

So that's one of the six. It's one of the six. What are the other five? I have a Mercedes station wagon. That's like my regular round town car. That's the car that's going to go electric when the time comes. And then I have this Lamborghini Kuntash. I have a career GT.

I have a four GT. We share this in opposite colors. Yep. And I have a convertible Mercedes G-wagon, which is an embarrassing automobile. But I love it. and those are my six. Why is that an embarrassing car? Because the G-Wagon itself

is kind of embarrassing, right? You see people driving around you're like, don't you think? It's a little much. It's a lot. It's a lot. You know, to take in. Type that is gravitates towards like

He also was like, you know, Beverly Hills, Hollywood, which I feel like you see that a lot. You do. Oh, everywhere. You do. But there's definitely like, I want to project an image. Yeah.

And then the convertible one is like, I want to project an image and also this is weird and it's a convertible. But it's great. I can take it off road and I put the roof down. I take my kid to daycare and he loves it and it's great. It's a perfect car for me.

But every time someone comes up for me on the road and tells me they'd like it, I kind of assume they're someone I wouldn't want to be friends with. It's like if you're into this car, you're probably not. Now, everyone that I know, because I know two people in L.A. who have a convertible one, they're car enthusiasts. Like they've owned the car for a long time. They didn't buy it because it, but it's just, it's a niche car that they enjoy. To a layman, I feel like I expect whenever I see one of the,

those pulling up like a like a supermodel to walk out with like a tiny dog in her purse. Right. That's what I expect. That is kind of the image like a very high maintenance, aggressive kind of type person with, yeah, like a tiny dog and like with a lot somewhere. Just just take it. You know, like that. And I don't want to be thought of like that, but that's, I like the car.

So, you know, it's a power top. I push a button. The top goes down. You have any idea how many things you got to do in a Jeep to get the roof down? Yeah. Things you got to twist and lift off. I just press a button. That's nice.

That's nice. That's luxury. So what cars have you noticed right now that are the most in demand? That's an interesting question. In terms of used cars, enthusiast cars, Lamborghinis are absolutely having a moment. Bacontosh, the Diablo, the Mercilago, all those cars are, when I was a kid, a Lamborghini was like a drug dealer car. A rapper car. Yeah, Rapper car.

MTV Cribs. Right? And like the connoisseurs had Ferraris. And that's changed. These older Lamboes are finding a new audience with real car enthusiasts who are really starting to, like, get into them and appreciate it and take them back to stock, take the wrapper wheels off of them, take the tinted tail lights off, you know, all the stupid crap that people did in 2003 or MTV Crib. Yeah. And those cars are shooting up. I'm stunned to see Lamborghini market every single day.

It's crazy. Obviously, Porsches are incredibly hot right now. That's every car enthusiast or wannabe car enthusiast is trying to get into the Porsche world, getting allocations for special new Porsches. is impossible. It's almost a game in itself. Surprisingly, it seems like Ferrari has actually dropped off a little bit. They're kind of overproducing, it seems like, except for the very specialist cars. It seems like Ferrari doesn't quite have the gravitas over those other brands that it once did. SUVs, old SUVs are really hot still. Old scouts, Broncos, land cruisers, things like that.

People are really into them. But I would say generally the market is cooling, like we were talking about. Like I don't see a lot of cars right now that are that are shooting up or about or poised to shoot up. I would say just about everything is cooling off. Do you think that's because the market might be topping out a bit and people are more cautious or that everyone who wanted a car has bought a car? That certainly happened. I think a lot of the people, there was a lot of horse trading that went on in 20, 21 and 22.

A lot of people who held on to cars for years suddenly saw their value double and they got out and new people who wanted the car for their whole life got in and they don't want to sell, especially because they're not going to make money right now. they think if they hold for longer, they might. And they don't need the money in a lot of cases, people who bought F40s or whatever. So I think there's definitely some of that. And also just, yeah, the market is just a little bit slower.

And so, you know, things just aren't shooting up like they were. I think a lot of cars had a quick rise. And now there's just nowhere for them to continue to rise. After, after three years of, in some cases, cars went up 50, 60 percent. It's not going to sustain. So it'll continue. So these cars will continue to get more valuable. but just not at that rate.

Yeah. What gives a car an it factor? That's interesting. I mean, I think these days the analog stuff is really hot. Everybody wants the old manual transmission stuff, cars with fewer driver aids, cars with fewer screens, fewer computers. That's like the hottest thing, which is by and large sort of the late 70s to the 2007, 2009. Those cars are really hot, which coincides with people who are. our age getting into

money and okay, maybe I might want to consider buying a car like that. But I think that, you know, low production value is a big one. Movie. If a car was in a movie, it's special. I mean, people come up to me all the time. My Ford GT and I remember, I saw Ford versus Ferrari. And even though it's the new Ford GT

and not the old GT40, there was a huge lift, at least in awareness. Wolf of Wall Street and the Kuntosh, obviously a big one. And just a good backstory, to. You know, this was the first, like, wedge, the kuntosh was the first wedge car, and the first car was scissor doors, et cetera, et cetera, designed by this Italian master when he was young. And I think cars that have sort of some of that cool history, you know, the F40 is

Enzo's last car. That helps. Things like that help. Cars that are made just for rich guys to seem cool, they don't, they don't have as much specialness to them. What cars have you noticed that have lost some of the it factor lately? You know, it's interesting. Ferrari for so many years had like the market cornered on the it factor. And you buy it a Ferrari and you had to sell it back to the dealer because they were worth more and then you split the profits with the deal. It was a great situation. And they in order to their public company now, in order to really kill, you know,

get all the squeeze all the juice out of every buyer, they've really come out with some cars that are probably too expensive, probably too overproduced and they're dropping in value like crazy. And the first time in my life, like I could walk into a Ferrari dealer and buy a couple of new Ferraris today without a waiting list. And that's interesting. And you have to wonder whether that continues. Does Porsche kind of come up and start taking the mantle that Ferrari once had?

It's interesting to see that. Meanwhile, older Ferraris are starting to get more desirable because I think a lot of people are looking at the past and saying this isn't coming back. It's interesting. You mentioned the Ferrari being able to walk in and get a car. I saw that the SUV is now beginning to sell under sticker. Yeah. But the dealers say that there's a two-year list.

Yeah, it depends on the situation. The SUV is still hot. SV just came out. It's six months ago. And so I find that it's, that it's, I've found that it is still hot. They still seem to be selling for decent money. The one that it's really getting, they're really getting killed on is the SF90, which is like a $600 to $700,000 kind of super sports hypercar, supercar.

And that's just a tough price point right now when, when, when, when capital is more expensive, interest rates are higher and $700,000 a lot of money, especially on a car that isn't limited production. So is it still possible to buy a Ferrari and insestate? sell it back to the dealer? Because this is something I learned about for the first time, like a year ago. I didn't know that there was so many like handshake agreements like, hey, we'll sell you this car, but just sell it back to us so we could then resell it for even higher. I had no idea. This was the thing. And I think what ends up happening in a lot of cases is if you play that game and you play it to

its conclusion, then you will get selected to buy the really high end stuff, which really do gain value. So if you're willing to buy a Roma, aroma coop, all the other. other GTC4 Luso and SF90, et cetera, lose money on all of them. They will start submitting you for cars like the SP3, which just came out, which costs $2.5 million. But in the secondary market,

those cars are already selling for double. And so if you're willing to roll the dice and lose a lot of money up front, Ferrari will kind of start slipping you some of those really, really super high in cars. And that is absolutely still going on. But are they giving those to average buyers

who are just, you know, working their way up because I've heard that they need, like you have to have a collection of these other cars to be selected. show up to Ferrari events. Yeah. In order to get cars like the SP3, it's not just buy a Roma, buy a GTC4 or Luce. So there's more to it.

But those are the basics still. And I got buddies who get all those cars and have multi, multi-million dollar car collections, everything you could possibly want. And even they are still required to buy the Romas and the other. And they basically, what they do is they buy it at the dealer. They drive it home or to their collection. They never touch it because they don't care about those cars. And then after the six month lockup is over, they take it right back to the dealer.

They say, sell it for me. And sometimes they lose money on those cars, but it's worth it to them to still be selected for the super high ends. It's interesting. A buddy just bought the Roma. And he said it was basically a brand new car that the guy bought just to sell it back. Like as soon as the lockup was up. But it was like a brand new car almost no miles on it. The guy just didn't drive it.

That's a lot of Roma. Had to buy the car. Yeah. And so then you got to wonder, well, how many of these cars are, is there even demand for? Like real demand. Right? Because a lot of the people who are buying them are just fake people who just want to get the high end stuff. But not most of them.

them. Like most romas are being sold to end users, but certainly some of them are being sold to guys who are playing the game. And those guys make money playing the game. But it takes a while. Why doesn't Ferrari just increase the price? Right. Be able to like find some sort of market equilibrium. I, I, I've made this point for years and I totally agree. But I think the, I think the answer is they already make great money on those super crazy cars. And they want that carrot for the people to buy the other stuff. Because, right, because it boosts the sales of the low. They can sell the Romas and they can sell the lesser stuff, more of them, if they know that those guys know that they're going to make a million bucks on the supercar every 10 years or something.

And so like, if Ferrari tried to start making the money on those cars themselves, the people would be like, screw you. I'm losing money on Romas and I'm losing money on the supercar. I'm not, I don't want to play the game anymore. And they can't do that. Although, you know what, while we're on the topic, if you run a business, you know that managing the finances could be a hassle from credit cards, receipts, payments, invoices. it adds up fast. But with the new year here, it's the perfect time to streamline your processes and get organized with the help of today's sponsor, Ramp. Ramp is the corporate card and spend management software designed to help you save time and put money back in your pocket. With Ramp, spend policies are built into the card to control spending before it even happens.

It automatically collects and categorizes receipts, so you'll never have to chase them down ever again. Plus, Ramp enforces compliance by flagging violations and locking cards for noncompliance. Ramp also helps streamline your entire financial workflow from expense. Vendors reporting, vendor payments, and reimbursements all in one place. And businesses save an average of 5% in their first year with Ramp. Not to mention right now, you could get $250 when you join Ramp. All you got to do is go to ramp.com slash ICH. Again, that's RAMP.com slash ICH with a link down below in the description to get started today.

Cards issued by Sutton Bank, member FDIC, Terms and Conditions Apply. Thank you to Ramp for sponsoring this episode and back to the podcast. What do you think are some of the best cars to own for the, average person out there. Honestly, I think that your model Y is a really, really excellent all-around car. Just don't pay the I paid for it. If Jack buys it, just do the opposite. Yeah.

Inverse Jack. Sell it to me. Those model Ys are like excellent all-round cars, which is proven by the fact that they're everywhere. They fit everybody. Like you got a family, Model Y. You got just you model Y. You got a dog.

You're a couple. Like, they does a lot of stuff. on that same level, like the RAV-4s and the CX-5s, the gasoline kind of versions of that. They're a little bit more downmarket, but cars like that, I recommend these. People ask me every day. I'm like my friends or people from my past. I wish I get this in my budget, you know. And the answer, it's always like, get a CRV, get a RAV, get a model Y. Like, just, just like, I never try to push people into weird. All those cars are tremendously competent. When I was a kid, there were some trash cars and there were some good cars. And now basically all the

cars are good. And so people be like, I'm deciding between a CRV, a RAV, a Rav 4 and a CX5. And I'm like, which one, which is salesman is nicer? Which one, like, which color do you like that? Like, those cars are all very competent, but they're all pretty similar, even for a normal person. But the good news is they're all pretty good. What car do you think has the least amount of maintenance, so someone that wants to just buy a car and never have to, like, do anything to it? Aside from, like, electric vehicles, obviously. I would say electric vehicles, except that some don't like some EV I mean you hear about problems Tesla has you hear about problems that Rivian has yeah it any of you should be the answer but I don't think that all EVs necessarily

are being produced right not all EVs are with the same like level of production care that maybe some long tested gas cars are but otherwise the answer is I mean get a cheap Japanese the answer is still corolla hybrid Prius cars like that those are the cars you can own you won't lose much of depreciation you won't lose much in fuel costs I often think about this if I was just somebody who didn't care about cars and what a great burden that would be lifted off of me. Like, I drive around and I'm like, I see Priuses and I'm like,

I wish I could just have that. You couldn't be happy with the new Prius? I like the new Prius. I love the new Prius. Oh, it's cool as hell. But like, I can't drive. I got to drive special cars. I can't drive a Prius.

Like, but it would be so freeing to just have a Prius and like get 55 miles per gallon and it's a pretty nice looking car and it's actually fairly quick and it's got good tech and just sit in there and listen to my Spotify, driving around a Prius. That would be a dream.

What's holding you back? 10 years later and you lose like 4 grand. What's holding you back from that? I just, I'd like to drive special cars. Plus, I, the Sequoia, I need to off road. It's a prehistoric is off road. That's a real thing. And my Mercedes station wagon, Mercedes station wagon.

Mercedes station wagon. People don't have Mercedes station wag. It's out there in the world. Now, one thing I've always been curious about, why aren't they making more EV convertibles? Why is this not as common? I think, you know, it's funny you say that because we just had an EV convertible. I saw that.

I saw that. Md Cyberster, which is not sold here in the United States, but it was excellent. Yeah. I think that the general thinking is enthusiasts are not EV buyers. And so if you're going to go to the trouble of developing an EV, which is already, especially in the United States, kind of a niche product, you want it to hit the broadest segment of the niche that you can, which is why Model Y, Mach E, all the new EVs that come out are compact mid-sized crossovers, because that's what people are buying.

There's not a lot of gas powered convertibles anymore, to be honest. There's probably only seven or eight gas. Why is that? Convertibles are over. People don't want it. Really? There was a time when you could get convertibles of like the Chevy Cavalier had a convertible. Toyota Camry had a convertible.

It's over. People want SUVs. They just want SUVs. That's the hot car of this era of this generation. I thought everyone liked convertibles. Maybe that's through like the 90s. It's like the wind in your hair and the free. I totally.

I totally agree. And I wish I could get my four Gt and I can throw out. Oh, what is it? The GTX one. But even then, like, I wish they had done a factory. You know, I wish there had been a thousand of them. You could just go get one.

But it's just over. Can we? SUVs. SUVs have won. They beat everybody. They beat out convert. I'm not a fan of SUVs. What do you drive on day to day?

A Tesla Model 3. You don't want a model Y like him? He's sitting up higher than you. He's got your car, but he's sitting up. He's also the safest car. The safest car, better range. No, I just had my car. I'm so just like, I don't like the,

payments. I don't like the idea. He's ready to sell his car. He just wants to sell it and like make a little bit of a profit. Even though he bought six years ago. But the Model 3 is kind of the perfect car. It's like the Prius of, I mean, it's like the perfect car. I've released a video about the new Model 3, which just came out, the updated one. I titled it and talked heavily about it in the video. The Model 3 is the best automotive appliance.

And people are so angry. But that's what it is. And it's great at that. Like, it is fantastic. It drives for you. It doesn't cost much to own. It's just a simple, easy thing. But it's not something I think people get passionate about, mostly, but people got angry. I guess some people are passionate about it. That's not how I like it. For me, I just need A to B for a while. And that's what it's perfect. A 2006 Volvo that I paid $1,000 for. And that was my driver for the first like two years in Vegas. Just A to B. Just something simple. And that's what Model 3 is great at that. Precious is great at that,

etc. And that's what those cars are, that's what they do. They do great. I mean, there's those companies that do Vegas to LA and they all have Tesla's it's super simple to own they do huge miles they don't have huge fuel bills the Model X's can get a lot of people on them So is there any other car out there that's losing a ton of value right now? I mean EVs

are certainly the top of the peak when I think about cars that are losing a lot of value any big luxury cars always are losing a lot of value Mercedes has classes in BMW 7 series and cars like that those are just always kind of deeply deeply depreciating but people go in knowing that. What about the cyber truck? I

So you sold the gold one recently. Yeah, for like 104 or something like that. 102. Cyber trucks are definitely losing from where they were. But the demand is the sales are actually more robust than I expected, considering they don't seem to be hard to come by new. I expected resale actually to drop further than it has already. I thought they'd be a 60-70 by now, but they're not. But they're dropping for sure.

Yeah. If you want to buy something like the Mercedes S class or something like that, like a super nice Bentley, how many years, like when is the perfect time to buy it where you get the maximum amount of depreciation, but you still get like a nice new luxury car? That's a great question. I think about this all the time because usually by the time it's gotten down to a price point where I would want to buy it, then reliability starts to become an issue, right? Like Bentley's, you want everybody wants a Bentley. That car is so cool, right? Well, you're not spending 400. I mean, you lose 200 grand on an afternoon on that car, right? So then you think, okay, well, I'll get a five-year-old or a seven-year-old one.

Well, seven-old Bentley is out of warranty. There's a lot of components in that car. They're expensive components, then that's a dice roll. So it's like, I don't know. There's, there is a right period in there, but it's probably different for each car and depends a little on the manufacturer's certified pre-owned warranty structure and your risk tolerance. There's more to life than finding the perfect car. But finding the perfect car can help you get the most out of life. Like the SUV that handles everything from drop off to off road and the car that hauls groceries and hockey team. or the van that's gone from just practical to practically family. Whatever you want, wherever you're going.

Start your search at autotrater.ca. Canada's car marketplace. Could AI help you do more of what you love? Workday is the AI platform for HR and finance that actually knows your business. We help you handle the have-to-dos so you can focus on the can't-wait-to-dos. It's a new workday. Why are these cars so difficult to both maintain and fix? Like, you would think that if you're spending a house on a car, that it should be bulletproof.

But they shouldn't have issues. Totally. And the people who aren't in the market for cars like this always tell me that. Like, a Rolls-Roy's called in $600,000, but it breaks all the time. It costs a lot to fix. That doesn't make sense. But you got to understand that ultimately reliability is not a major factor for decision-making for a person who's buying this car. They will own this car for the original owner.

It's the only person in Bentley really cares about, right? They're going to own the car three or four years. They'll lease it or own the car for three or four years. And they will have the experience they want, which is a fast, powerful car with great technology and unbelievable, you know, accoutrema lighting throughout the car and all this beautiful stuff. Well, the third owner buys a car that's 12 years old. And those things that made it so appealing when it was new are now a liability. It's fast. Well, the power train is needlessly complicated and inexpensive to work on.

and in some cases bespoke, right? The technology, which was so cool 10 years ago, now has aged and the screen doesn't work anymore, right? The cool lighting and all this other stuff, well, you know, those things start to break and they're very expensive to fix. And in a lot of cases, the parts aren't available anymore. And that is, that's kind of what happens.

But Bentley doesn't care. By then the car's out of their hand. Do you think technology is going to make it more difficult to resell cars in the future because it gets dated? It's like telling someone to go and buy an original iPhone these days. It's just functionally, wouldn't work anymore without just replacing everything. Yeah, I mean, that's a good question.

They're doing all these over-the-air updates. You know, one of the cool things about Tesla is the car is pretty simple, and so everything that needs to be updated is kind of comes through the screen, right? I mean, there's hardware too, but I actually think that potentially the opposite could happen, as opposed to you get into an old 90s car and there's just buttons everywhere and it's stuff that doesn't work or you don't care about. Modern cars, these over-the-year updates may kind of save the car from going down that road entirely. But there will be some technology that your Model 3 doesn't have and can't, right?

That just wasn't built with. And so eventually you'll have to upgrade. But that's been the story of the car for 100 years, you know. Is there any reason why they don't sell like newer Miata's or newer exciting cars manually with manual transmission? I feel like there's such a demand for manual cars right now. And they sometimes will sell for a lot more than the automatic cars, like the older cars. Why don't they make any newer cars manual? Even like super cars, I feel like they just have.

I think about it all the time. You can still get a Miata with a manual transmission, believe it or not, a brand new one. But it's a great question in a lot of ways, in part because the Ferraris on the used market and Porsches on the used market will sell for two, three, four times with a manual transmission, what an automatic one will. And I have trouble understanding why, especially Ferrari and Lamborghini, Ferrari's a public company, why don't they go out and try to maximize what is obviously a market? I mean, you have people paying $300,000 for 20-year-old Ferraris where the, manual version is $300,000 and the automatic is $100,000. There's clearly a huge demand. Why don't they just go and make new? I've never understood that. I'm thinking of this as a business, like make a limited run and charge a million bucks. People will pay it. Porsche has proven that because Porsche does still make limited run manual cars and they cost a fortune. They sell for crazy money. And Ferrari and Lamborghini could be doing that too. And so could probably some other brands who have abandoned it. Would it be possible to switch the transmissions? If you were an automaker and you're like, I'm going to buy a all of these old automatic cars, flip it to manual and they make a profit. Yeah. And in fact,

Aston Martin has literally done that. Ashton Martin, if you have an auto, they have not themselves bought it, but if you have an automatic, Aston Martin vanquish, an original one from the early 2000s, you can send it to them. They will convert it to manual for you, and then they will ship it back to you. How much is that cost? 50 grand. But there is a cottage industry has come up of automatic Ferraris and Lamborghinis of, and out of people converting them to manual transmission. It's interesting the automakers themselves have not gotten involved. They could probably make some real money doing it. What's the reason for not doing it that you could argue?

I guess the answer is the automakers say it's faster with the dual clutch automatics that they all have now. And Ferrari is all about speed. Lamborghini's all about speed. So we would not want to go backwards in terms of technology. Porsche tried to make the same argument. Porsche almost killed the manual transmission, but it became clear that people were paying up for them. And so they have come out with special cars that still have them. That's the automakers argument.

The truth is, it just costs a lot. To develop a transmission that is ultimately, by the end of manual transmission production, was 10% of cars. But I would argue that you could really pass those costs onto the consumer. And in a lot of cases, they would pay. I don't think they could make a Ferrari could make a general run manual transmission car anymore, but a limited to 150 unit manual Ferrari, people would lose it. People would pay whatever they wanted for that. And you can't tell me if they charge $2 million and they made 200 cars that they couldn't justify. the development cost of the transmission is not less more than the cost that they would make from that.

There's no way. What is a feature in just a few or no cars that you think should be in basically every single car? I remember back in the day when I was in high school, a few of my friends, even though it was already pretty old, their cars had ox cords. And other people were using like the cassette things where you put that in or you burn your own CDs and stuff like that. And I was thinking to myself, why doesn't every single car have an ox cord? it couldn't be expensive to install something like this. Or USB ports.

I remember when those were coming out and like no cars had them. It's like such an easy decision that every car should have. I think about this a lot because I drive all the cars and it becomes abundantly clear to me when driving all the cars

that people who design cars don't. Because there are some very clearly obvious things that they should be putting in that other automakers do and they aren't. Dash cam is a good example, actually. Automakers are starting to integrate dash cams. Just barely.

Like two cars. cars do it. Tesla's done, has done it for a few years. BMW and Mercedes have started to do it. No one else is really doing it. But there's like GM is just, just getting there. 10 years, every car's got to dash cam. Every new cars have a dash cam. My prediction, that's a good one. But like, it's like, come on, like, do this. There's a lot of stuff though that I think about. And it's, there's some little stuff that I think about that I wish other cars would do. But another good one is, most Hyundai's now. When you're driving along, you put on the turn signal and a camera pops up in the gauge cluster that shows what's in your blind spot. And so if you're making a lane change, you don't have to do the over the shoulder, you can just look down at your blind spot camera.

It's a very wide angle. It's clearly shows what's there. And I don't know why everybody else doesn't have that. It's brilliant technology. There's a lot of stuff like that that I wish, I often think to myself, I wish I could have this car with this feature from this car and this feature from that car. Do you think maybe the insurance industry is like lobbying against those cameras? It's just like. Because you would think that if they have more accidents, they would make more money and they could up your premiums. Like, is there somebody... You know, the insurance industry seems to make money. No, I think that the automakers would put anything in that they possibly could in order to convince people not to buy the other guy's car. And so they would do it if they could. I just think some of them haven't realized that they should. Those are great answers.

I want to know what other like things do you think some cars are missing or cars in general miss? I think about this all the time, but there's all sorts of just little stuff in some cases. I love the fact that my Toyota, when you lock the door, the lights stay on. and if you press the lock a second time, the lights turn off. So if you want that entry lighting to stay on, great. But if you want a manual to do it a second time

and turn off, that's brilliant. And all Toyota's do that, no other cars do. There's all sorts of, like, little features that I see in all sorts of different cars that I just wish you could aggregate. Some cars now have rearview mirrors

that are a camera. And so you're driving along and you want to look in your rearview mirror, well, you don't have to look through the people in your back seat, which is unsafe. You have a camera mounted on the back of the car

that's showing the display is on the rearview mirror. That's a great feature. But not every automaker has a adopted it. I have no idea why. A lot of them are starting to, but it's like there's all sorts of things that I just think to myself. I wish this car had this and I wish I could pick and choose the features from all the cars. I think anything that prevents people from getting locked out of their cars is also very, very easy. And most cars should do it. I remember my friend growing up had one of

those cars with the keypads. And I thought that was genius. I loved it. Ford and Nissan had those keypads. Ford still does and Lincoln. Nobody else really does it. And I don't get why. I love the keys. There are some automakers. One, cool feature that some automakers are doing is an activity key. So, like, you have your key fob, but like if you're going to swim, it'll get wet and destroyed. And it's like a wristband that you can wear that's waterproof.

Or like if you're on the basketball court, you can have your wristband on and that's your key. So you can lock your keys in the car with your activity key and then go and do the sport or whatever, which is in the same thing. That's great. Great idea. Why doesn't everybody do it? I don't know. Only like three of them have figured out that people want that. And maybe in some cases, people don't want some of these features, but I want them. It would be interesting that facial recognition. Like your iPhone.

Genesis GV60 has that. Are you serious? If you set it up, you walk up to the door, you look at the car, and then it unlocks and you can get inside. They should have that to drive too. To drive to take the car. I think it also is to drive. You can be complete.

So that means you don't even need a, like the Tesla's, you need the phone. Some cars, most cars you need a key fob, right? Tesla's and some of the other new ones you need a phone. That car, you need your face. That's incredible. I would also love it if it's able to tell like blood alcohol. And so no one could drive their car if they're under the influence and just had something. That's another thing future generations will look back on and be like, that was a thing you could do.

Like there will be some, I don't know if you've ever seen it, the ignition interlocks that people who have multiple DUIs have to have. Yeah, they blow into it. It's actually pretty simple technology. Like they just get in the car. They blow it says and then they drive off. Like it actually only takes a few seconds. Not that I'm advocating. Everybody should have to do that.

But like there must be some, if there was some real push for it, there must be some way that you could kind of, now you have your past. do it or whatever, that's the problem. Not if there are cameras inside. It would be able to tell with AI, just like, no, you have to do this, not your passenger. And then you start thinking about, well, do you really need to go over 100 miles an hour, right? Like, should cars be limited to a more rational speed? Because a lot of times speed is a huge factor in accidents. And you can have some of these conversations.

That's interesting. Do you ever think we're going to get to a point where the government can control what you do with your car and how fast you drive it in which locations? Like your car automatically won't go over 50 in this location, this day, when there's people around. That's an offense. I mean, that may be, you know, the threat of enforcement is much more significant in some other countries that therefore does have that effect. I mean, in Switzerland, there's cameras everywhere. If you go two miles on the speed limit in Switzerland, you get to take it. If you go 50 miles on over the speed limit, you get arrested.

Like, they're militant. Now, it can't stop you in the moment, but it has that effect. Like you drive around in Switzerland and people go the speed limit. And Swiss drive the nicest cars in the world and they all go like exactly. Japan too. It's exactly the speed limit or one under it. Right. Everybody's terrified in those places.

So they can affect it in that way. But do we get to that point? I don't know, maybe. I have a suspicion not in our lifetimes and certainly not in the U.S., which has been slow to even adopt speeding cameras. Speeding cameras in the U.S. have a huge pushback. In Europe, in a lot of European countries, not all, but in a lot of European countries, they have done it. And they have just been like, it's for safety, screw you. We don't care what your response is.

And they've just kind of heavy-handedly put them in a lot, a lot of country. What I think is going to happen is that you could share your information with insurance companies. And they'll monitor exactly how fast you go and then adjust your premium based on that. Yeah. I mean, that could. Tesla did that with their insurance. Right.

And as the cars get more connected, you could see that happening more and more likely. And I would bet that they could adjust your premiums in real time, where you could go on the app just like with Tesla and say, oh, my premium went up because. I sped or because I'm driving in these hours. And now you have a huge incentive to slow down. Who's cutting edge these days in terms of advancing technology? You know, that's an interesting question. It's not who you'd think.

Like people think Tesla, I think because Tesla has his reputation for being advanced, but like Tesla's missing some stuff. I get in Tesla's, I'm incredibly annoyed. They still don't have a top-down camera, which I think is wild. They got a lot of good stuff. But the truth is, all everybody wants now is Apple CarPlay. That's like everybody just wants that. It's just simple.

It's easy. it's easy or Android Auto. It's like easy to use, easy to figure out. And so that's kind of like where this whole industry has gone. There's only a few automakers who are fighting back against it, which is Tesla, Rivian and General Motors, believe it or not. But General Motors has completely integrated with Google. And so they have Google Assistant, Google Maps, all over their cars, which has its own great benefits with your smartphone, right? You can like have to, if you sign in, you can have like previous history and all sorts of other stuff. I don't know. It's, it's, it's, cutting edge is an interesting thing.

It's starting to kind of become less relevant. Do you see any features, though, that could be really futuristic? I remember when heads-up display was like, that was the coolest thing. Yeah. I mean, self-driving is the obvious one. Okay. And people want it. And some automakers are doing a really great job of it.

Tesla is one of them, but other automakers have systems that are at least as good. And then, of course, General Motors has Super Cruise, which is quite impressive if you want to look forward. which not everyone does. My view on Super Cruise and those systems is like, if I wanted to look forward, I would just drive the damn car. The whole point of these systems is I want to text. You know, am I wrong?

Like, that's what we really want to do. We really want to just scroll Instagram while we drive. That's what we want to do. But we're not there yet. I remember back in the day when Tesla self-driving first came out. This is 2019-ish, I started using it. And you could just put a weight on the steering wheel. Yeah.

And it just was un-eastern. interrupted for like 20, 30 minutes. And now it's so sensitive. You look in the back seat for one second, and grab something. It's like, do, do, do, do. This is the drawback of Tesla's system, actually. There are some systems that are not like this, just FYI.

There are some systems where the only check on you is capacitive touch on the steering wheel. And so it's not looking at your eyes. And so as long as you have skin on the steering wheel, it is cool with driving. Skin? Skin. Or a skin like, doesn't have to be your hand.

It could be someone else's skin. It could... Skin your... There are people... I'm just saying in theory. There are people, I've certainly never done this, who adjust the steering wheel to touch their knee. And then you don't really have to have...

Your hands can be elsewhere, you know what I'm saying? How can it detect skin from other materials? It's capacitive touch, right? So, like, just like your iPhone screen detect skin versus if you put that water bottle on it, wouldn't. So, like, a lot... That's a lot of... Tesla doesn't do it.

I don't know why. Tesla still is weight-based or eye-based. But most of the other brands have capacitive touch for steering. And so you just need to have a hand or some other body part on the steering wheel and it will drive. And indefinitely. So like as long as you have the steering wheel down and touching your knee, you're good. What cars are these? A lot.

Mercedes Benz and Toyota. And I know that because I own a Mercedes Benz or Toyota. That's why you don't own a Tesla. That's why you have that two guys. Well, I'll tell you, driving that Toyota across the country with that feature is really beneficial. Chrysler is the most permissive You can do whatever you want in the Jeep grand chair Go figure

It's a pretty good setup That's funny But more and more of them are moving to an eye-based thing Which kills the fun But probably makes people more safe It's probably because Tesla has more eyes on them From a regulator standpoint And they have to be like on it

Versus Chrysler's Truthfully the eye-based monitoring Is the future That's what's gonna happen It's more and more people automakers are putting it in their cars. There is a short period here where the skin thing is acceptable. So like maybe cars in 50 years the skin cars will still be valuable. It's the one car you don't have to look at the road. Do you think that robotaxies could ever be a thing at some point?

Yeah, but you know, when? It seems so far off. Like I'm using the Tesla full self-driving and it's so buggy. Yeah. And it's just, I'm on edge. Plus, you live in Vegas. Like ultimately, what happens in Minneapolis, right, when it snows? This is what I think about. Like, I was Self-driving, they got 90% of the way there in a couple of years. And that last 10% is hard, right? You can, anybody can make a self-driving car, drive down a road, stop at a stoplight, turn on a simple, nice day, wide road, well paved. But like, that's not when I want the car to drive, right? You want the car to drive when it's foggy and icy and you're terrified and you don't trust yourself.

You want the car to be better than you. Truthfully, right now, all the cars are worse than you, right? That may not be statistically true, but in those edge case scenarios, you'd rather be driving, right? If it's icy and foggy, you'd rather have the wheel than Tesla full self-drive. And that's the problem. And it seems to be one that they're having trouble surpassing. Yeah. It could be just a false self-confidence that I feel safer because I'm in control.

Well, a lot of those systems will. The data does show. But I think a lot of the data comes from sunny days. Yeah. A lot of those systems straight up turn off in snow, in heavy rain, in fog. Or when you're driving into the sunset, when the sun is shining and it just shuts down. You can't see it. And it's like, what do you mean?

It's like, it can't do it either. What do you mean? You can't. It's wild to imagine. But that is true sometimes. Yeah. So for people who want to make money on cars, what are you seeing these days for investment-grade vehicles? I think the only way right now to truly make money on a lot of these cars is to hold.

I think that the days of flipping a year later is not realistic. I think there are cars that are investment-grade that are going to go up that are that seem cheap. now. 550 Marinella, which we were talking about before, that's one of them. Any gated manual transmission Ferraris, not any, but some gated manual transmission Ferraris. Lambo's like I said before, I really think have

a long ways to go. But I also think nothing's going to happen soon. And I still have trouble believing that cars will be a good investment relative to other stuff. I told you that owning a Ford GT is like owning bonds. I feel that way. The GT has continues to go up

a little. It never goes down. It's pretty reliable to own. But like you compare it against the S&Ps up 60% in the last two years. This GT ain't doing that. And even if it was, you got to service it. You have pay insurance. You store it somewhere. You know, so there are ways to make money in these cars. Now, I will say I have all the service history for my career GT and I looked it up. From the second owner until when I bought it, if he had held it that long, it did beat the S&P, including all maintenance, all repairs. and even if you added in fuel and insurance.

What was the original MSRP of that car? 440. And they're now, no. Average now amount of million, million three, million five, something like that.

Yeah. But it's hard to know. Yeah. It's hard to know. But that's also buying kind of at the peak of the S&P before the Great Recession where it went down.

Yeah. A car outpaced right afterwards. So there's like a few variables. I think the second owner of that car bought it in 09. So some of that defined. I don't think the first owner would have beaten the S&P. Well,

maybe, maybe because of the decline after that. But regard, the point remains, like, there are, the possibilities exist. But, like, they exist in hindsight. It's just like buying Nvidia. Like, they exist primarily exist in hindsight, right? Like, who knew that that car would take off and some of the other ones wouldn't? Remember, that car, when it came out, was priced the same as the McLaren SLR and the Ferrari Enzo.

Well, the Enzo's took off to. SLRs are cheaper than they were in 05. And how would you know? It's difficult to know what was going to happen. Why is the SLR not gone up in value? They made a ton of them. They're automatic transmissions. And they have some drawbacks.

For example, the brakes, to replace brakes, it's $10,000 a corner. So four breaks is $40,000. Now, on a career duty that costs a million bucks, you can kind of justify that. It's harder on a car that costs $250 and that there's $3,500 of. That's kind of the problem with that. Plus, it's automatic. I mean, people don't want automatics. You know, on an investment in a collectible car, the manual transmission has turned out to be one of the big distinguishing points.

Although really quick, before we go on to that, you have to ask yourself the question, what makes a leader stand out? Because it's not just about taking charge, but about setting new standards and embracing bold moves. That's why, if you lead by example and live with passion, then our sponsor, the Rangeover Sport, is made for you. Every model of the Rangeover Sport offers a unique blend of dynamic sophistication and sporting luxury. It's where refined elegance meets visceral power. With focused on-road performance and world-renowned off-road capability,

this vehicle rises to every occasion. Experience the adaptive off-road cruise control that adjust to your terrain and dynamic air suspension for superior agility and control. Plus, adaptive dynamics ensure smooth, composed handling by minimizing unwanted body movements. For those who elevate their desires

and lead by example, the Range Rover is much more than just a vehicle. It's a statement. Discover today at Land RoverUSA.com. Once again, that is Land RoverUSA.com with a link down below in the description. Thank you so much to Rangerover Sport for sponsoring this episode,

and now back to the podcast. So what cars today do you think would make a good bond strategy? I still think 4GT. I still think 4GT. I think those 4GTs are going to continue to rise. They're still cool. People still seem to be interested in them.

I think that one of the things that makes that car particularly appealing as a bond strategy is that it's not expensive to own. That's not true of almost every other car that will probably increase in value. Kuntash will probably outperform the 4GT, but it ain't cheap.

Yeah. Yeah, I did a full service on my car, and I think it came to about $1,000 from the Ford dealership, and they replaced the struts that hold up the engine bay in the back. The Career GT is in service right now. It's been 20 grand for like a pretty minor service. Like cars at that level are expensive. And that's the problem. So some of those cars, I think, will gain in value. But the thing that makes the 4GTs so desirable in that world is just how affordable it is to own.

Well, it's also slightly climbing in value. What I find interesting, and this is something that you should get into, Jack, is these no stripe 4GTs. These cars used to be the least desirable because everyone wanted the stripe on the car. And so few people order the car without stripes. And now the without stripes cars are so rare that they're selling beyond. what like the heritage model is selling. Why do you think I should get it?

Why would you say I got into it 10 years ago? Yeah. Well, you want the history? Do you want the market diploma or something? You want to buy one in about two years? Is that what your plan is? I have been surprised.

The thing about the 4GT that's interesting, especially, is that the cars are all the same. And so the distinguishing factor is a few little things that wouldn't matter to 98% of people. People are astonished when I tell them blue ones are worth a lot more than white ones. What do you mean?

They're the same. Well, they made a lot less blue ones and the market for some reason values that weird thing. I actually prefer white. And I don't, I've decided that I don't really like Heritage. I think Heritage is kind of ugly. Really? You drive around and it looks like a race car. It's got all these orange things.

It'll be weird. I think it's weird. I think it's cool. But imagine driving that around. The average person, it doesn't look as cool as like the other supercars. Yeah. To the average person. And then there's that component of two.

People think it's a Ford. People ask me if it's a Mustang. I don't know if you get that. It's like, well, kind of, I don't want to have a, it depends how much I want to talk to them in that. Yeah, sure. This episode is brought to you by FedEx. These days, the power move isn't having a big metallic credit card to drop on the check at a corporate launch. The real power move is leveling up your business with FedEx intelligence and accessing one of the biggest data networks powered by one of the biggest delivery networks.

level up your business with FedEx, the new power move. Amazon presents Jeff versus Taco Truck Salsa, whether it's Verde, Roja, or the orange one. For Jeff, trying any salsa is like playing Russian roulette with a flame thrower. Luckily, Jeff saved with Amazon and stocked up on antacids, ginger tea, and milk. Habaniero? Abinier, yes. Save the Every Day with Amazon. But nonetheless, the cars are generally desirable. You know, a blue one with my miles sold recently for like $350,000, which I was, I have 43,000 miles on my car.

I was absolutely a stunning. And what did you buy yours for? 225 in 18. And I've put 13,000 miles on it. So I drive it a lot. I drove to Palm Springs last week and back. And, you know, it hasn't cost much to own. What about for the average person who's not spending 3,400,000 on a car?

What do you think is the best investment-grade vehicle that they could drive and at least not lose money on? It's an interesting question. I'd have to think about it. I'm going to say Honda S-2000. That's my... If you're talking about specifically not losing money, there's a lot of good stuff. S-2000 is a great example. And that's another car that is pretty affordable to own.

Porsche's, lower-level Porsches came in and Baxter don't really depreciate it all that heavily. especially if you buy them pretty depreciated, and honestly, they're pretty reliable. People think German and they get worried, but Porsches are pretty reliable. Even lower level 9-11s, 9-9-9-7s, early 2000s, there's a lot of cars like that that you can do kind of generally okay with.

Even Corvettes, C-7 Corvettes, you know, like 2010-2012-era Corvettes are kind of hitting bottoms of depreciation curves and are just not expensive to own and drive and operate. I would probably pursue things like that. Where enthusiasts get into trouble is the BMW M3s, the cars that are wonderful and fantastic, but problematic.

You have to be a real enthusiast who's willing to spend money to have that experience, and those cars can be troublesome. What do you think about the 2000s manual Gallardoes? Yeah. Do you think, because they're not that expensive. They're not as expensive as they deserve to be. After having all of these, you know, car YouTubers on the podcast for long, I've always liked cars and I always thought the guy wrote it was cool because that was kind of as I was growing up and you'd see that car. Right. It was the most common Lamborghini that's like, oh, super car. I always liked the car. And it's kind of convinced me to like look into the market a little bit. And it seems reasonable. And I heard that they're also in terms of maintenance, not that bad. So that, that, I find that car to be an absolute bargain relative to what it is. It's a manual V10. I mean, they're not, that's a really, that's a couragey team. That's a really special car.

There are some things I think that have held it back. It's always going to be the lesser Lambo, right? The Mercilago was always there. And so you're always, people have a belief that the very earliest gyrodos with the 5-liter V10 are not as reliable. And that they later upgraded to a bigger, slightly bigger motor. And those are more reliable cars. I don't know if that's true, but that's the belief, especially the 04 cars, which is the first year, are like, less reliable. But I think those cars are cool as hell.

I mean, that's 90 grand. You drive around a stick shift. It's a lambo. It looks cool. regular people can't tell the difference between that and a Mercea Lago, which costs two or three times as much. I think those cars are undervalued. But I'm not entirely convinced that they will gain that much because the market has had a long time to appreciate those cars and it never really has in a weird way. But it seems hard to imagine losing a ton of money. Oh, yeah. Considering like how

can they really sell for much more than... Absolutely, they can't go lower. Your only loss would be in maintenance and repairs. Yeah. Which may be significant, but, you know, probably still less than the depreciation on air test. Yeah, actually, your Tesla costs more money than a Lamborghini. I do think about that a lot when it comes to, you know, my 4GT, people like, I can't afford a 4GT. It's like, well, I'm up 100 Gs. You can't afford not to get a 4GT. Like when you really, I mean, it's insane because the price of entry is still high.

Yeah. But like, afford it. People think I'm nuts for driving on a 4GT. They got a new explorer. And it's like, that car's lose 25 grand in like two years. I don't do that in my cars. I buy all my daily driver cars used. Like, I don't, I can't justify losing new.

car money on that stuff. That's always been my mindset too, is to buy a car that you're not going to lose value on. Like my Lotus Elise didn't lose anything. Lotus Exige didn't lose anything. The Ford GT is up. Yeah. And yet you've got this Model 3.

And then the Model 3 is lost more money. It's a daily that like you just need a point A to point B car. And that's something that you can care less about the value loss because your cost basis is lower. I think about this all the time. I got a courage to cost a million dollars. But I like wouldn't buy a new, class station ride, Mercedes station ride. I found it used one that matched my taste in a dealership

in Oklahoma and had it shipped here. It's safe however much money off it. I just can't imagine the depreciation hit. I just can't do it mentally. This is not. Speaking of the Model 3.3, I think a while ago I added up all the money that I've made from ad revenue off my Tesla videos because one video got like 8 million views. Another video got like 3.6 million views. There's another one with over a million views. I believe all of it together was like $130,000. Yeah. For the car. This is how James just Stradman justifies his, uh, and, and Hovey and all the other guys. You went and saw Tavares. Yep. This is how they justify their, their purchases. Sometimes it doesn't make sense, though. It makes sense for you. Yeah. And for others in some way, some limited ways. I worry about

Freddie. Do you worry about Freddie? Every now and then before I go to bed, I, I think, I wonder how he's doing. That P1. How much is that costing? But you know what? I mean, that has made. I don't want to say it's made his channel, but like over the last year, it's constantly number one trending. I worry about all the other card YouTubers, though, nonetheless. I worry about all of them.

They all make horrible decisions. You need to go visit all of them and teach them how to do things correctly. But you know what? Ed Bolian, I have to say, is so meticulous about it. It's better. Hoovey genuinely loves everything he's doing and would be doing it regardless. list. So, like, he's the acceptance. But it's not making money, right?

He calls me in the spring every year and he's like, the taxes are going to be due next month. I got to sell some cars. Like, that's the level he's operating at. This happens every year. I'm not screwing to. That's the level he's operating yet. But he's a different mindset. I don't think he cares. For him, I don't think it's about money at all. I think he genuinely. Like, when he bought the Fisker karma, I felt like that was just a moment where it's like he's going to lose a ton of money on it. It was horrible. and watch his videos and worry about him. And that's true of all of them.

But yeah, Tvarish, I think the P1 is he's spending so much money on it, but he's making it back, at least on the videos. They do. To his credit, they do.

His channel does great, but like, I just am scared about all this. Who are you most worried about? Freddie probably is the number one I'm worried about. He's got a big overhead. He's got like three garages, like warehouses.

I don't understand why he really. Like he also fixing up like 20 cars He also doesn't release content all that often That's the thing that scares me about Freddie He posts like once a month And he's just The audience is obsessed with him Like they think I think he's nuts in a great way

Like I love watching the content But like it would be nice to get you know More updates and posts And I think that's That makes me scared Plus I know that he's got a loan on that P1 And it's significant And so that really scares me

I think the views are offsetting it But probably The one person I watch All the time James Stradman. I watch. Stradner is like guilty I love all of his videos.

Okay. Do you agree? Stradman's sidebar here. Do you agree that his house isn't even done? Like you watch the video where he went through his house. So we visited him and we saw his house.

Gorgeous house, but needs the backyard, needs the basement. The basement's like just just like just like frame. It's a lot of money. It's tough either way because if he finishes it,

I don't think he's going to get back dollar to dollar what he spent. Absolutely. But if he sells it unfinished, it makes the market so much smaller for whoever's willing to buy that house with an unfinished basement to spend more money. This is the problem that I think a lot of these people run into is that they end up buying these, they get a little young people get money and they're like, oh, I want a palace with a moat, you know, like a lazy river that goes around the whole thing. And they do all these things and realize those places are expensive to keep going. And often in order to get a place like that, you have to buy land so far away from where land is desirable. that it makes it hard to justify putting that much money into the land because at the end of the day, when you go to sell it, the buyer pool is really small.

I go on Zillow and I see these like 25,000 square foot houses in the middle of nowhere. It's just like, you're never going to. Asking $4 million for it. $100 a square foot. Right. And it's like your buyer pool is limited. And even at $4 million, like this is going to sell for $1.6 in seven years when you come to terms mentally with the fact that it's only worth $1.6. It was tough with him because I remember talking to him.

before he was building the house. And his mindset at the time was, I just want like a 20 car garage, but I can't just build that because they won't permit it. So I have to build the house for resale value so that I have a structure

that a family or someone else would want to buy. The thinking I thought was correct, but it's just... It snowballed a little. I have this severe belief, maybe militant, that you should live somewhere

where your land is more valuable than the improvements you make to it. It's a very California thing to say. Yeah, idiot. Or dense area, I say, right? Like, that's also true in nice neighborhoods in a lot of cities. Like, I only ever buy old homes that are, that are, you know, in kind of historic type neighborhoods that are very established long term. And I worry about the deep suburban living and massive house that is unsellable in the future kind of situation. I'm going to ask you a question. Do you think he should sell the Konexick? Absolutely. I would have sold that Konexig. I'm not a Konexig fan. I don't find them that cool. I don't find them that interesting. It's his dream. car. He, although we are about the same age, he is a different generation than me. Like, he's into the Konexig Pagani stuff and I'm into the Kuntash 4GT stuff, like the manual older, and I use a Kuntash also and he had a 4GT. But he's clearly more into the more modern kind of crazy stuff. I don't care about Konexs. Like, and by the way, everyone I know who has a Koneg SIG has

problems. Everyone I know who are the problems. The problems are that the car is hand built by the company that designs and builds every little part themselves. And so stuff breaks. And when stuff breaks, you can't go to the Koenigig dealer because there isn't one. And even if there was, which in some cities there are, there's no like parts supply. Like they built all these things themselves. So like a little thing breaks and it's like a Ford dealer, you go to the Ford dealer. They get you a mere power mirror switch. And a Konig that's like a bespoke part that they made a limited run of 19 years ago.

Yeah. That's hard. So who's buying Konigsex? Who's buying Konigsex? And why? It's crazy. I don't understand it. I truly don't understand it.

How is it different from Pagani? Same kind of thing. But I feel like I don't hear complaints from Pagani owners. Pagani's used a power train that is sourced by Mercedes-Benz, right? So at least that component of the car, which is a pretty significant component of the car, is taking care of. That component of the car is you're going to be able to find parts. In fact, that engine is still in production. So that's easier.

And other than that, though, I would worry about Pagani's in all the little intricacies. That stuff scares me. What if that stuff starts to break? I don't know. You're not getting that stuff. It's true of any bespoke car. And honestly, four GT parts apply. O5, four GTs. They don't have a lot of those parts anymore either.

You know what? I'm going on eBay and probably going to reveal the secret of buying four GT parts. It's a smart idea. The guy I bought mine from. He bought seats. He bought steering with big stuff. And he was able to sell it. He could hoard it.

He bought it when the car was new when all those parts were easily available. And he sold it 20 years later for like 7X. You know, every part was like in high demand. I'm talking to this guy on eBay who has. every part that he's been hoarding for 20 years. He just bought everything and he has duplicates. Yeah. Because I needed like a gauge

and he's like, oh yeah, I got like three of those. Oh, which gauge failed? My fuel gauge is in on right now, yeah. But right now my, with the car is full, it's reading empty. Which is a Yeah, same. It's a fun. Mine is always empty. But I just top it off. Anytime I take the car, I just topped off and I just park it. Yeah, but no, I, the answer to who is biting

Konexigs is people who already have everything else. That's like, oh, I got a Bugatti and I got a you know, a bunch of Lambos and a bunch of Ferraris and a bunch of Porsches, like, I want to go to the next level. And that's Conixing's. And the cool thing about Conig's, to give them credit and Pagani is that, like, you can shake the hand to the guy. Yes. You know, like, Ferrari is a company now. Bugatti's a company. Like, those guys are dead, right? Conig's egg, you can literally meet the dude. It'd be like meeting Enzo and period. And so there's something special about, like, joining the Conigzig Club. I just don't, it doesn't join anything. What's going on with people leasing these cars these days is like a lease to own?

Yeah, because I guess if you're doing it for your channel and you own the biz, you can write off a significant amount of it or something. And I realized you could do this too late. I never once did it. And now I don't own the biz anymore, which is unfortunate. But it's a big thing that I think all these guys are doing. And everybody's like, well, you don't own the car then. Well, the leases aren't set up. People think of it like a traditional car lease.

It's not really like that. Like at the end, you have this, a lot of it has gone into equity. The car's not depreciating, really. You can re-up the lease. People lease his car sometimes two or three or four times. Yeah. But the drawback is these massive payments. So Stradman is making like $20,000 payments or whatever it is in this kind of thing.

That's not out of the norm, by the way, in that segment of the market. A lot of guys do that. Yeah. Oh, Steve Hamilton. His payments were just through the roof. But for him, he was like, you know, I finance these at low interest rates. Yeah. I'm not doing that anymore, but all the ones I got like three years ago, it makes sense to have these payments at 3%.

Yeah. even though they're high. I mean, think about what the cash, right? He would have lost out if he'd put all that cash under those cards at the time, probably. Yeah. So it was the right call.

It's just, it's an astronomical number to see, right, in your bank account coming out everywhere. Right. I'm sure of the three, I think he said his payment was like 33,000 a month. I'm sure of that,

probably 31 goes towards equity. Probably. My guess. And then his balloon payment at the very end is going to be a small amount. Right. Like at the end of the day, it's going towards the car that he owns,

which is fine. But like, damn. Yeah. What are you noticing these days for cars and bids buyers in terms of financing? A lot of our buyers are cash. And I think that is especially more true now that interest rates have gone up. I know I have just, financing is just, I'm not going to finance it's seven per car to seven percent or eight percent or nine percent. That's just not, I can't justify that mentally.

We are surprised at how many of our buyers are cash. But it makes sense when you consider these are third cars. These are enthusiast cars. they've always wanted whatever. We offer a financing through Lightstream on our site, and people do it. And, and, you know, sellers have financing, buyers have financing. It happens. But I think that people are trying to avoid it if they can.

How can the average person buy a supercar or their dream car, for that matter? Where would you recommend that they start looking? How can they know that they're not getting completely ripped off? What would your just general advice be for them? Forums are still unbelievably helpful, which is insane because, like, they were helpful in 1999, you know, like, but car forums are like Ferrari chat and all the, the 4GT forum that they're all still shockingly helpful. You can get an enormous amount of information with regards to common problem areas, what to look at, which shops in your area are sheisters,

which ones are great. You can get a lot of really good info on the forums. I have learned basically everything I needed to learn about the cars that I've bought from car forums. And talk to owners. Try to drive one if you can from an owner, try to tour one. A lot of these cars are available on and you can rent one and see if you fit, see if it fits in your driveways, you know, et cetera, all that stuff.

And, you know, I always tell people, the number one thing I always tell people is you're buying the seller. So, like, you're not, don't even think about you're buying the car. Read the seller.

If the seller uses the, the word should of, and he spells it should space, O-F, of, guy's not changing his oil. That guy is not changing a guy. That guy is, that guy has nine-year-old mismatched tires.

Like, I spend an enormous amount of time when I'm buying a car, just trying to, like, read the seller, Google everything about the seller, try to learn everything I possibly can, and see if they, the Kuntash, for example, I bought it from a deadbeat, I knew it going in. He was misrepresenting the car,

lying about the condition, but I knew it, and I knew it was going to be hard to find another one like I wanted, and so I went in knowing I would have to spend a lot of money to get it nice. No, it needs nothing. He's an idiot. And he did write could of. That was, that was red flag number one.

But I knew it, and it was fine, and I did put the money in. But if you want a nice car, you read the seller and really try to learn as much as you can about the car before you go and do it. And try to get a pre-purchase inspection from a reputable shop, although I generally find that pre-purchase inspections are so hit or miss that I don't find it as worth. I'm a guy with a lot of money, but I don't find it as worth it as some people say. I always thought that was the go-to to get it. Yeah, same. I've had too many friends get a pre-purchase inspection and then get burned or not get one and then the car is perfect.

A lot more of it to me is like, look at on our site, look at every picture, everyone. Look for clues. Look for clues in the service history. Watch the driving video 14 times. You know, make sure it's shifting right. Make sure it's sound. Like, I think that stuff is generally better than some mechanic who's not familiar with the car trying to diagnose it in that moment in time. Who knows if XYZ part that can't even be seen is on its way out, you know? And I also have a rule that you just have to assume you're going to put money into a car and you buy it. People are always so mad when they buy a car and it's not perfect. It's like this is a used car, driven by enthusiast.

It's going to have needs. I always budget in my mind a 10% on top of the car to make it right. And I generally feel if you can't afford that 10% on top, you should probably focus on a less expensive car. For me, I find the comments actually the most helpful. Comments are tremendously helpful. People are so, you know, in tune with certain cars. And I've seen like Siller and Picture of 97, the kind of. The app you used isn't the original cap and was a replacement.

Did you lose the original cap? On our site, sellers hate this. But it's, number one, it's really useful for buyers. And number two, if you are representing a good car and representing it well as a seller, it can benefit you. Like, if you can push off the crazy commenters and be like, nope, that actually is the right cap. And here's, we tried three different ones in here. You can come in and look at, and I always tell people, buy the seller. Well, the seller can in that situation rise up and actually look like.

a real expert who's representing car really well. And I've seen sellers who hate those commenters and they're terrible, turn it around and actually make it clear that the seller really is an authority. And then instead of complaining, I always tell sellers, I try to answer his question really thoroughly using good grammar and prove to people that your car is good. Interesting. And it works. This might be controversial.

For something like a Kuntosh, what are your thoughts about buying a replica? Like a Diablo. You know, a lot of the replicas are just not, they just weren't done well. And nobody's doing the replicas anymore. And so very few have really survived. I think that there are some very rare nice replicas that are cool. But, you know, the real thing is just the real thing. If you can afford it, it's worth doing.

If you can't, the kind of people who care can often tell. Like when I see a kuntash rep, I just know in two seconds. What's the dead giveaway? It's usually proportions because it's based on a non-cunuch. and they had to fit the body of a kuntash, the fake body they created of a kuntash, onto the chassis of a car that is longer or shorter or, and if you spend enough time looking at the car,

you could just tell instantly like, oh, that panel is wrong, that whatever. What about if they stretch the chassis, though? There are, there are replicas, and actually we had around cars and bids. There are replicas where they just build a tube frame, like from ground up, where there isn't even a chassis,

and they just fabricate the whole thing. And I'll be honest, We had this red red dot replica on the site. That car may have fooled me. The giveaway was it didn't have a gated manual. It still had the shift lever from whatever car they got the motor from because those things had to marry. But like everything else was that the only giveaway? Because I saw the rear end and I was like trying to compare it with the real thing.

The problem is to make a replica that nice, you got to really spent. So they had a Lambo steering wheel. They had a Lambo seat. They had Lambo wheels. Getting wheels for a Kuntash probably 25 grand. Like to do it right, it's so hard that it's not worth. Like by the time you're done, you're probably in the car almost as much as a real one would be. And then it'll never sell for obviously, it never sell for as much as a real one.

But that car is pretty cool. For me, it would be like I would love a Kuntash or a Diablo, but I think I would be so worried driving the car around. It's not easy to drive. I'd be terrified of maintenance. No. So it just seems like a... It's not that bad. You should get a Diablo.

No. I'm good. Everybody's terrified of maintenance. If the car is done right, there's this guy in Ohio who's a wizard. His name is George Evans. And he is like the guy for Kuntash Diablo. And I sent the car there and I spent 50 grand with him. And my car starts every single time.

And my car drives well. And I told him, when the car came back, I was like, I'm really impressed with the work you did. And he goes, honestly, I go toe to toe at the factory. Like I, you compare my work to the factory's work from the period. It's going to look as good. Are you ever nervous about drive? that car. I'm nervous about driving the career GT because of the value. The Kuntash doesn't scare me. Do you mean because of the value or because of the I might break down? Value. No, the Kuntash doesn't scare me as much. A door ding or someone merging into you or it's like a I. The mistake I made with my career GT and the mistake I was thrilled not to make what the Kuntash was. I bought a mild car that actually has some issue like some some cosmetic issues. If you look closely, even from here, well, maybe not because the Bentley's in the way, but I scrape the front bumper. The panels were painted at various different times. I really wanted a car I could use specifically for that reason.

And so, no, I don't get worried about that stuff because it's already kind of rough. Like, the car should be repainted. If you wanted a concour's perfect car, you'd repaint it. But I'd rather just have a driver. And so I don't worry about that. Nonetheless, I do take the precautions. I clear film the windshield on all my cars. Okay.

Because a new 4G team runs or a Kuntosh windshield is not really, you can't really get one anymore. So that kind of, I try to be a little careful. Okay. And what about the career Gtie? Do you not park it places for fear out of like... Career Jee is the greatest car ever built. However, I just wish it wasn't so expensive. I wish I could use it more.

And I use it a lot. I've had the car two years and I've driven it 4,000 miles in those two years, which is a lot considering I'm not here in the summer, right? So I drive the car only nine months a year. But I am terrified parking it. Yeah. I'm terrified putting it anywhere. It sucks.

What's the longest you've ever had to hunt for a spot? I just don't really take it places where I have to park it anymore, which is so sad. Yeah, it's probably you take it out and then you pull it right back in. Yeah, and I do big drives like that. Like, I got no qualms about doing 200 miles and a day in it. But I, I've got to go to this place. I'll take the courage your ticket. Look at the key thing.

Do I really want to? The other thing is, like, I want to take it out to dinner, right? Well, then you've got to sit at dinner worried the whole time. I would rather just drive a BS car and not have to be. have to think about it. And so I always do. My wife has only ridden in the Courageutyee once and the Kuntosh once. Did she like it? Yeah. But like it's just not the kind of car I take out. You know what I mean? And I wish that wasn't true. I wish that car costs 400 grand and I could just be like the fortune tea. I drove the Ford GD on a dirt road the other day. Like I consider that my beater supercar. Like I just

abuse that car, partially because I know it's tough and it can take it. But also because Courage UT is just, it's not even a, Courage UT is not even a fragile car. But if something happened, and imagine if you're someone who hits one. Like, you're in personal bankruptcy at that point, I think, because your insurance maximums ain't covering that. Right. That's a tough situation for everybody. So what's insurance look like for you on a car like that? Are you, I take it you're insured on all that sort of stuff.

Yeah, but it's expensive, you know, to insure those cars. I think Courageyty costs 15 grand a year to insure. Wow. Yeah. It's a lot. Ford G2 is nothing, you know. Yeah, I pay like $150 a month. Yeah.

Something like, or maybe less. I think it was like $110 a month. CoriGGT is expensive. It's a really valuable car. Wow. Sad. What's the total overhead of owning these six cars? You know, it depends on the year.

Because last year I'd spent, had a $50,000 Kuntash service. The year before that, I had a $50,000 dollar Kourg Chitty service. It depends on the year. But I knew both of those were coming when I bought them. And I factored a, that into my purchase price.

And honestly, I think, especially on the Kuntash, if I were to sell the car today, I would get every penny of the $50 grand back. Just showing that you did a big important service at the right guy with the right parts. People are so scared of maintenance on those cars that having that proof is a big deal when you're going to sell it. But, you know, sometimes, I don't know, I haven't done anything in Kuntash since it. It has to cost me a dollar since the service. That was a year ago, almost exactly. So the last year is zero.

But the year before, 50. So 25 grand a year. Of course, it doesn't really work like that. But I don't know. The fixed cost, insurance is obviously the most expensive. I think all the cars together are probably in the neighborhood of $25 grand a year or something to insure, maybe $30,000 a year to insure. How much value do you think you add to the car? Because I'd imagine there's a premium for having your car.

I think that for the cheaper cars, when I go to sell them, there is that premium. I sold my Land Cruiser. I sold my defender. Those cars are, you know, a land cruiser is a $35 grand car. The defender sold for like $90. I think people were like, oh, it'd be cool to have one and also it'd be cool to have dugs. I think when you get into this realm,

people don't care about that stuff. Everybody who had a kuntash was somebody. Everybody who had a career jet with somebody. People care more about having the car is well made. And I think there's, in a way, some of these cars may even get hurt by the fact that some YouTuber had it. They assume if you're a YouTuber,

you're probably hooning it or doing dumb stuff with the car, which is one of the reasons why I'm militant about maintenance repairs, making sure everything is beautifully documented because I really maintain these cars the way a true enthusiast would. But I don't think these cars, I would get a premium. I don't know. I think it would just having the car that you reviewed.

And I'm sure there's a lot of people out there that just say, hey, would you review my car? And then they could turn around and say, as seen on Doug Demiro. For certain when we sell the cars on the site that I reviewed, which is on cars and bids, when we sell them after I review them, they definitely get more money. But I think part of that is because they went to a wider audience. Yes. But there is some people find it fun for sure. like they have the car that was in the Doug video. I think of E. Cool.

I think this is the Doug car. Yeah. It's definitely cool. That may be worth some premium. And certainly, like I said, for the cheaper cars, I sell there is some premium. But I think the type of people who would buy a career GTR, they're not paying up for me. It's a very specialized car and they're fairly available. And so you want to find the right one.

It could be like the Jerry Seinfeld car. Those get premiums. I asked, I asked, no, I don't think my car's never. Lennon doesn't sell anything. Yeah. But he's like, I don't think my cars have a premium. And I'm like, I'm like, I don't know. I totally disagree.

Leno's the kind of guy who would never say that. He doesn't want to think of himself that way. He wants to think of himself as sort of a down-home, like, I do my own work kind of guy. And in a lot of ways, he is. But he's still J-Leno. And I think that his car, all of them, it would be able to say this was out of the Jay Leno collection. Yeah, a big deal. What do you think are the most overrated cars?

I mean, the one I'm most known for, I really think the Lexus LFA is overrated. I think that car is way more valuable than it should be. I don't think those cars kind of suck. I think honestly, a lot of the Konexig Pagani type cars are kind of overrated. A lot of the new cars that are made to be special just for rich guys, I find to be really kind of gross and just not cool. Like, there's a new kuntash. But it was just an event or a re-body.

That's not a special car. The old kuntash was a special, unusual, crazy thing. I find a lot of those like special editions just to make rich guys feel like they got one so their special are really overrated cars. And I think the market will realize that. There's a lot of those cars. They are valuable now. I don't think they're going to be valuable in 20 years.

So what car stereotypes have you found are true? Almost all. People have stereotypes for a reason, ma'am. Raptor owners really are like that. Dodge Ram owners really are like that. You know, I find almost all the vintage Porsche guys or the annoying watch obsessed, you know, like they are all the car. car stereotypes are generally true.

I typically... So what stereotypes are there for the Carrera GT owners? I think that Career GT owners are... A lot of them, as I have come to learn, but I think... And I think the stereotype is out there is that they're obsessed with keeping the car pristine, never driving it so that the values continue to rise. An enormous portion of these guys don't touch their cars and are like kind of keep it in a bubble type guys.

People are... Whenever I post a picture of mine anywhere, people are like, I can't believe you're driving it. And it's like, that's a car. And also, you know, it's, it is really the greatest driver's car ever built. And so there's this stereotype that like it's a hard car to control and to own. And so the type of people would actually drive one, they must know what they're doing. You know, I don't feel that way.

I feel the car is actually pretty easy to drive. But. And what about Ferrari owners? I mean, you know, Ferrari owners have the stereotype of all the Ferrari gear and bragging to everybody that they have a Ferrari. I generally find that that often is the case. Like those guys are really proud that they have a Ferrari. and sometimes it's like, okay. Do you know how to tell someone has a Ferrari?

Yeah, they'll tell you. They'll tell you. 100% of the time. Like really, really out there. It's actually funny. I think about this a lot. And so I got the Kuntash. My car car car carer g-t, a Ford G-T, and a convertible G-wagon.

And to a sort of car enthusiast, none of those cars sound cool. Career GT, oh, my uncle has a Carrera, right? Ford-G-T, oh, you got a Mustang. Convertible G-wagon. Oh, G-wagon, yeah, okay. Sure. It's an old one with a soft top. And it's like, no, you don't understand.

And now that I have the Lambo, that, that everybody knows that car. But I always kind of found it funny that like, to the casual observer, I was just kind of a loser. Whereas some guy who spent 40 grand on a used Ferrari can go brag that he's got a Ferrari. And everybody's like, oh. That's funny. What car would you least like to drive for one year straight? A lot of very compromised exotic cars. Big cars, too, are really hard to drive.

Like giant trucks. I reviewed a Ford F650 one time, which is actually a thing. And I mean, stuff like that is just hard. You can't park and you can't get into any building, any garage and like that. But also, Kuntash, as much as I love it, like, when I park it at the end of a long day of driving it, I'm like, I'm good. And I don't take it out for two weeks. What car would you least like to be seen driving? Oh, that's a good one.

Hummer H2. Really? Yeah, those are pretty. These days, though, Hummer H-Rage 2s are kind of starting to become. cool again actually. Really? I don't know. There's nothing that.

Want to go electric without sacrificing fun? That's the Volkswagen ID4. All-electric and thoughtfully designed to elevate your modern lifestyle. The Volkswagen ID4 is fun to drive with instant acceleration that makes city streets feel like open roads, plus a refined interior with innovative technology always at your fingertips. The All-Electric ID4, you deserve more fun. Visit VW. to learn more.

S-U-V-W, German-engineered for all. I am a wide adopter of like all manners cars. I've had Korean, British, German, America, and Japanese.

I've had it all. I don't really have a lot of like, so you see me in a car that has a bad rap. Whatever. I'm cool with it. Yeah. Now, in terms of running cars

and bids to shift into this, what was the most surprising thing about running a business and taking that from YouTube to like an actual company? Running a business is hard. It turns out. It's quite hard. There's like customers and employees and it's not easy to do. Like I it's hard. You seem so much more relaxed today and when we first met. I agree.

Back then you were very just like I don't know. It seems like you had a lot going on. I was obsessive about everything. And it's been nice to have an investor partner who worries about some of that stuff. Not for me, but like in addition. But also like running. Yeah, running a business is challenge. It is nice to be in a financial position where you don't have to worry. And I never really was before. I was doing well on YouTube, but that cap could be turned off at any time. And that helps. That really, really, really helps. It definitely lowers the stakes from I absolutely have to do this or else I don't know what'll happen, to like, let's make this succeed, but it's like a fun project.

I actually want a better employee and person now. even though you'd think it would be the opposite. Some people work better under like heavy pressure, financial or otherwise. And I think it's actually, I don't, I think. Yeah, you seem so much happier. Yeah. Yeah. Like really.

100%. No, I mean, there was a, especially that time when we, when we met, like, it was tough. Like, running the business was hard. Especially like by myself with my co-founder, like, it was hard. It was, there was a lot of work. And at that stage of a business, too, you know, I'm, You don't know what's going to happen. Is it going to?

And that's hard too. So you're putting in these long hours for something that might not work. And, you know, managing employees and managing a space and managing the business and the customers, which is the hardest part for sure. It's a lot. It's just a lot. I'm never doing it again. People are like, yeah, but you say that. But really in a couple years ago.

No, I'm never doing it again. Ever. What was the hardest part for you to get over? Was it the hours or just the- Getting it going was the hardest part at the very beginning. the first four or five months, you know, you're, that's when, that's sink or swim, especially when you're as public as we are, right? Like a lot of startups, you can roll out to a select group, you can roll out to, you know, a small audience in one state to just doctor,

you know, whatever it is, whatever your startup is, I don't know. But like, we were, we launched. I mean, we announced the launch the day we launched, you know, and then everyone knew, because I was on YouTube and it was a big deal and et cetera, et cetera. And so like, those, those, if it wasn't going to work, it was going to fail. Like, in those days, I didn't have a second chance. There wasn't going to be a larger audience later. And we had built a great product, but like it needed a lot of effort right then and there. Like there were more customers than we ever expected right away.

And then there were less customers than we expected soon after. And it was like, okay, we have different problems now. We've got to figure this out. And there was just constant triage and whack-a-mole and putting out fires. And I'm never doing it again. I'm straight up, I'm never doing it yet. I just, I remember those days and I'm too old for it. And I'm, I probably have too much money for it.

I don't have, I don't have the, the ability to, um, like, go through it again. Yeah. And also, by the way, the YouTube channel was like that too. And so like, really, I consider it that there were two successful businesses. The YouTube channel also had a very difficult start, a lot of effort, an enormous amount of work, long nights, long hours, long weekends, a lot of travel. Then we started the cars and bids business, which was all of those things once again. So like, it happened twice.

And I think that's all you get. Some people get more on, that's all I get. How is your job changed since the investment in cars and bits? It changed in my mind for the dramatic better, which is that I don't have to really deal with a lot of the day-to-day operations anymore. And I can instead focus heavily on the thing that not only do I do best, but I enjoy the most and I am most valuable to the business in, which is making the videos. You know, I was personally setting reserves. Like people would send in their car and I would like be the one to type like, you know, we'll offer you 20. Oh, I want 25.

Like, I personally did that just by myself for the first six months. And we hired one other dude and then me and him did it. And for the next year. So like, it's nice not to have to do that anymore. And I've replaced that time. I certainly don't work less, but I've replaced that time with filming videos, which, again, is most beneficial for the business to have me out there. But also, I just enjoy it.

I, to this day, people are like, don't you get tired of it? And I'm like, nah, like, the quirks and features, I still, to this day, I'm like, I can't wait to see what this Bentley's going to have. That's so interesting. Do you find that you're less motivated because you have less skin in the game? No. I'm surprisingly no. I'm not necessarily less motivated.

But it is nice not to be in a position where it has to be a certain thing. Outcome. It's nice. Interesting. Now for sellers who sell their cars on auction websites, I'm curious, does having a no reserve help get a higher price? Or like, what sort of strategies to? If the car is good. Yeah.

We generally find that no reserve cars bring more money. More bids, more comments, more views, more money, almost always. But you can also get screwed. I always tell people, if you have like a good car that you're confident is good, you take good photos. I tell people you are your own reserve. Like, if you take good photos, you're a good seller who answers questions, who has a video, who has service records, like, you don't need a reserve. You just don't. Like, that stuff is your reserve.

And then going no reserves shows a level of confidence in the car that you know it's going to do well. and buyers know they're not wasting their time. So that's a winner. If the car is sketchy, I don't know. Like, like, yeah, if you're, or if it's just a weird car that you don't know, there's not much comps, you don't know where the market is, you have this idea in mind. Yeah, it makes more sense for reserve. When I sell all my cars, I sell them all with no reserve and not even cars that I get

like views on when I talk about. Usually when I get to the point where I'm selling a car, I just want it gone. But also, I just really feel pretty confident in the photos that I, you know, have a professional photographer take and the way of the standard to which I've maintained the car and that is shown as results. And then what about when an auction ends? Is there any correlation between

it ending on like a Sunday morning versus like a Monday afternoon? I firmly believe that weekend auctions are bad idea. We don't run them. I'm going to eat my words someday when we expand to run weekend auctions. We're going to have to edit all this out. We don't run weekend

auctions. Other than that, we have not found a correlation. Some sellers are convinced. I only want my cars on Monday. And it's funny because you'll hear me guys be like, I won't sell on a Friday. And so we will accommodate that and we'll schedule them not on Fridays. But like you have another seller who's equally as smart in his mind. He's like, I only want Friday. I'll accommodate that too. But just so you know, you guys should talk. We have not found out. You would think there would be some correlation, but we have not. Now, I do think that generally speaking, in winter, you probably get a little less money for your enthusiast,

especially sports car, than in spring, summer fall. What about correlation between two competing cars? I noticed for the cyber truck for a while, there's only one at a time that would end, and then a few days later, a new cyber truck would come up up. We try not to run two competing cars at the same time. Okay. With Rivians, it got to a point where we couldn't do that. There were just so many.

We would try to run them geographically distinct. So if one is in Boston and one is in San Francisco, we could run those. They're probably not competing. But I do think that that does have an impact. If you run two cars at the same time, certainly a person could be like, well, I didn't win that one, but I'll win this one. And so I'm not going to bid as high. Interesting.

And what about for buyers who buy a car site unseen? How do they ensure that the car is going to be in good working order? Is it purely just, you know, buying the seller? Buying the seller? This is one of the reasons we require so much stuff. And sellers get really frustrated with us because it's like, I got to put in 150 pictures and three videos and I got to submit all the documentation and the title and all that. But it makes the process better for everybody.

Not just buyers, but sellers too. Like when you don't do that, and I got a buddy who just bought a Bentley on a competing platform that just was grossly misrepresented. And when you don't do that, the result is that you end up with an upset buyer who's then going after the seller. The seller is in that situation trying to resolve that. The auction business has to step in. It's a tough thing.

You want to try to ask for as much stuff as possible to allow buyers to do as much diligence. That doesn't mean they will. And in a lot of cases, we've had buyers be like, are this dent's on here? And it's like, the dent is in every picture. Like, but they complain. And it's like, well, okay. You know, then that's an interesting. That's a more difficult problem to solve.

How many cars do you deny selling? A lot. But you'd be surprised. People submit Nissan rogues and stuff. Like, we probably deny more than half the cars that get submitted. But like a lot of the, a lot of it's just open trash, like traffic car, like Honda Civics that have the automatic 12 year old Honda Civic with 200,000 miles. I don't know how they found us. Like, what are you doing here?

But a lot of stuff just gets denied straight away. So the numbers make it seem like we're very selective. But with enthusiast cars, we try to be too selective. I like to be the platform that sells the crappy one that it's so rough that if you want to just turn into a track car, you can. And also the nice one that is like going to be a special show car. To me, I will say I like how curated it is, that it seems like. every day could go on, see a few new cars, read new comments, and they're all interesting. Right. And it's not just, you know, blown up with Toyota cameras. Right, right. So I like that.

It tries to be a platform for, when I scroll, you know, on the, especially on the desktop, it's like three across or four across. I try to make sure, like, in every one of those three across, like, which one of those of those three would I get? Like, there's always something interesting in every row and every call. How much work goes into, like, organizing the cars of, like, having certain makes and models next to each of, other. Like, is there any? Very little of that, but scheduling is, is complicated. Okay. Sellers have their own preferences. Like I said, some sellers have essentials. Like, I'm going out of town, XYZ day. It has to end before that. Or I'm not going out of town until XYZ date. Like, it can't start until after I get back. Um, some. And, and, and then there's, you don't want two cars to run at the same time. And so you have to be carot cognizant of that. And so there's, there's, there's actually a lot that goes into the scheduling. But we don't

think about it. Like, let's put a BMW next to a Mercedes or, or Let's not put two BMWs together. That generally doesn't have that. We do try to balance no reserve and reserve cars. We try to have like no reserve, reserve, no reserve reserve to try to break things up a little. So if there's so much demand that you turn down half of the vehicles, why not expand the business from cars and bids to something else where it's like, you know, commuter cars or normal everyday cars that just sell at an auction? We talk about this stuff. I mean, that's an interesting question.

You like that it's curated. I mean, I think a lot of people do. I think a lot of enthusiasts like that. However, there's a bigger market out there. Do you do that? Maybe, but do you then alienate the people who came in the first place? Maybe, probably. But that's why it's a separate website.

I'm not starting any more business at Graham. Maybe you could. Is a regular consumer willing to buy a car that way? An enthusiast will bid at an auction for a car they know they're not going to find another one of. Is a regular person? Maybe. I don't know. These are things we discuss for sure.

I mean, there's possibilities there. I've always wondered, since the UI seems so great and the dashboard is great, if you could just license and sell all that coding and back end as a template to other people that are trying to sell other things like watches or have some sort of bidding wars on anything. I wonder about that too. It's really well done. It shouldn't be super hard to extract all that, just pay some dudes, some exorbitant amount of money to extract all the coding and everything.

I wanted to do a cars and bids of watches. We registered watches and bids.com. Don't go after us or don't try. So I briefly looked into this. There's a website called watchcollecting.com. It's located in the UK, and they do that. But the issue with that is they have so few watches. Guaranteeing authenticity of certain watches can be difficult.

Their fee is so high. And every watch has such a high reserve. They don't hit like half of the watches on there, just never hitting you. It's very difficult. I've learned. I didn't know this before. Thank God so in a day. But it's very difficult to create a two-sided marketplace.

to have enough inventory for buyers to be happy and to have enough buyers for sellers to be happy. It is tremendously difficult to put those things together. When you see the marketplaces that have the reserves that are too high, it means they're desperate for sellers. And so they'll let sellers list at any price they can just to have the inventory come in. And you would be shocked how many other car auction websites

have come up and died since we launched. And I have this theory that people, see me in the t-shirt and shorts and they're like, this guy's an idiot. If he can do it, we can do it. It ain't easy. It is not easy. And everybody finds that out. It is very, very hard to get enough inventory going. It's very hard enough to get enough buyers to make sure the inventory gets to the price level where it should.

It is not easy. Bring a trailer, cars, and bids. It's pretty impressive that this has happened even because it's hard. Yeah, I certainly think your audience is perfect for it and your viewership. That was key. Brittany Traylor did it because they took a long time to develop. Oh, gosh, years. Years.

Years. I did it because I had a built-in audience. Other people who try don't realize how important one of those two things is and that you really can't do it without one of those two things. And in some cases, even if you have an audience already, it's still tremendously difficult. I've had other YouTubers try to create car auction websites that have not succeeded. And it's hard. Is there anything you would go back and change, knowing what you know now? no probably not but it was a lot of work and maybe we should have just done a podcast what lessons have

you learned from like building up a business like this that maybe you're young okay that's the biggest do it when you're young that is the number one lesson that I would tell people um I had time and I didn't have as much to lose and um that's big like when you have kids and a mortgage and three supercar. Like, it's different. You do it when you're young. And I was rewarded greatly and I get a lot of time with my kids now.

How is it changed having kids while also running a business and maybe kind of shifting back towards the family life? You just kind of do it. But I feel bad for the guys who have to grind throughout their kids' lives. Like, I obviously no longer have to grind

at the crazy level where I was. It's hard to convince people who are 23 to 33 years old to like buckle down and just like focus on creating a business, starting a business and like rocking it. It's so hard because those are the ages where you want to party and hang out and have fun. And I didn't do any of that stuff and I just did a business or two. And and but it's, but I'm so glad that I did because when you're in the family life situation, it is so nice to be able to hang out with my kids. And I, I'm so shocked at how much I enjoy family life and I'm shocked by how much I enjoy being a dad and I'm I'm cool with the way

that it worked out. I'm cool with giving up those 10 years. Have you always been like that or did you start enjoying it when you actually have a family? Oh no. I definitely thought I was not the first year even. I was like I don't know. I'm not sure. Yeah. But once my first son, once he got older and started talking and we're like best buds now and I just I love it. It's it's shockingly enjoyable. So the one thing we hear from a lot of people, say one of their regrets is not having kids sooner. Do you find that to be the case now that you have kids? It was the right time for me. I wanted to, I wanted to travel a ton. My wife and I traveled a ton. We met really young, so we've been everywhere in the world together, which is cool. And I wanted to do the businesses. And we did and got it done. And it was a huge thing.

And now is like the next season of my life is the season for kids. How do you make sure your kids don't grow up spoiled? I don't know, man. I'm worried so weird. It's just winging it? I didn't grow up rich. And so like, I'm actually a little envious of my friends who grew up rich and are well adjusted, which is rare to have both. Because they like know what to do instinctually. They grew up in a household that like raised nice rich kids. Most rich kids aren't nice, good people. And my kids are obviously going to grow up in a different situation than me. And I don't know.

I got to figure that out. I'm scared of that. I don't know. I honestly don't know the answer yet. They're still too young to have to really figure it out. They don't. When someone comes up to me, I'm like, I don't know. street for example they don't know they just think it's a friend you know like but we're getting

there and so i and we're getting to the point where i got to deny them presence and be like no you can't have that even though it's obviously affordable um and teach them that stuff and so i'm it makes me nervous for it seems like yeah the answer from some of the guests that we've had on the ones with the kids that are most well adjusted seem to be the ones that get thrown into work early on and get to see what it's like to earn money or just be a part of something that where they're contributing to it It seems like that is the differentiating factor. Interesting. Yeah.

No, I mean, that's going to be a bit. My kids are going to be working. You know, in the summer we live in Massachusetts and in the summertime. And they're going to be where they're going to be scooping ice cream when they're 14. Damn the child labor laws. Five bucks an hour plus tip. If they're lucky. Yeah.

But no, that scares me a lot. Interesting. And what about the secrets to having just a longstanding marriage and a happy relationship? Yeah, I've been married now for for only seven years, but I've been with my wife for a long. long time of 15 years. I don't know. We're great together. We're great communication and we're both positive people and I can't imagine being with anyone else. How did you know she was the one? I don't know. It just, it developed very gradually, actually. Some people are like, I saw her and three weeks later we were engaged and it took me like six years. Did you have pressure from like family and

like, come on, you're going to do it? When we got together, we lived in the South. I went to Emory and I was in Atlanta and everybody's like when are you like right out of college people like when are you gonna propose and it's like I don't know what are you and then we lived in the north and we never got that question like people we lived in Philly and people went their whole lives without getting married you know and then but then we eventually did how did you guys meet uh in college we were I was for I was my wife's R.A believe it or not were you lenient yeah I was the cool RIA I really the only reason I became an RA was because I wanted a single room that was on campus I didn't want to have to commute from some off-campus

campus apartment, but I didn't want to share a room. And so all the on-campus rooms were like doubles or triples. And so I was like, well, I can be an R.A. So I did. And so what was the pickup line for Jack? Like what line did you use? Jack looking? Jack is looking. I don't know. Hey, I'm your R.A. Nice to meet you. I don't know. It didn't happen that way. That's smooth. What do you do, Jack? You go. You're going to try it. You on the apps? I am but I don't like I don't spend a lot of time on them anymore there's a while he was 206 he was paying someone to you right to go through the I was never paying anybody to go through the apps for me he's just making things up you should have been 26 so so you're on the apps and sometimes but it's hard to do it all um I don't know it's just like, I'm always at a conflicting spot of like, okay, I can go and I can try to have, you know, girlfriends and stuff like that and, or like, you know, casually go on dates and stuff like that, or I can try to settle down and find a wife. But all of that is pretty

exhausting. Like, whatever direction you choose, it's going to be pretty, you know, energy. You got Graham. Yeah, he wears me out. He's like a relationship of his own. It's like, I really have to curate this sometimes. But you, you, what are the, what are the ladies like in Las Vegas? I mean, I would say that typically not really my cup of tea, generally speaking. I mean, you have some transient people that just like come and go. And then a lot of the people that are born in Vegas and they stay in Vegas, you know, what are you doing? Right. The real, I guess, like the needle in the haystack would be someone that, you know, move to Vegas for tax purposes.

Or for some job relocation, you know, and I'm going to say some awful things. I know you're right, no, I agree. I actually feel similarly about San Diego. Because it's such a party, it's like a play city. There's no industry here. And so you're always like, who are these people who are here? I'm always curious what dating is like because I never did it.

And certainly I never had to be on the apps and everything. So I'm always like, you know, it depends. I mean, like, if, if you're confident in yourself and you feel like you're, you know, you have some sort of marketplace value in the dating scene, then it's, it shouldn't be, you know, it's super hard. It's still difficult. It's still exhausting and tiresome to do it. It's definitely, it's like a muscle. You know what I mean? Like you have, you can't just like not go on a date for three years and then go out and on date and it's like an amazing date. You definitely have to like get adjusted to talking to people that you're interested in. At least for me, this has been my experience. I won't say this in a dogmatic way for everybody. But absolutely, like, if I don't talk to anybody for a while, I come back. Like, like, And I don't even know how to continue a conversation. It's like I talk for a living, but I can't talk to, you know, right, girls, I guess. It's easy to interview.

It would be difficult to, like, spark attraction from, like, you know. So it's a muscle for sure. And some people are just naturally more attuned to being better at that. And some people are naturally not. It's kind of just like biology. Do you ever turn on the apps when you're traveling? Um, I have before in the past. And in fact, I brought this up to Graham because I wanted to do it when we were traveling

somewhere. And he's like, no, you got to focus, Jackie. And it's crazy. It's crazy because he wants to. me to have a girlfriend and then next the week later he's like no no no you just go out have fun like you know be young like go do stupid stuff and then it's not inconvenient yes and then he also will say like oh you got to focus on the business it's like he's giving me you know very my line in the sand focus on the business first yes yes which is what i which is what i would prefer to do right yeah right

but are you worried that the years are going to go by i am yeah i mean i just turned 26 and to be honest i had a little bit like on my 26th birthday i'm thinking to myself like well my brother you know he met his girlfriend of 10 years like when he was I don't know 18 19 and then my parents they met in high school so now I'm thinking to myself like 26 like I'm gonna croak before I like that's normal now people in their 20s that's like normal I know but then I also like I really want kids and I think back to what a lot of the guests on our podcast say which is you have kids early as early as possible because your life is just so much better once you do have kids or at least when you can communicate with your kids and they're like receptive to you that uh that you want as much of your life as possible in that

range in that state. Yeah, you want to be young. 26, though you're still pretty young. Yeah, but I also, like, I don't want to mess up. So I also want to date the person for a long time. It's like, time is pretty sparse. And then there's time before you want to have kids. Yeah.

So it's complicated. You know, I'm pretty confident in my ability to figure it out. I have some pretty, actually, surprisingly, he is a good mentor as much as a crap I give him. He's, he usually doesn't lead me in the wrong direction. So. Do you ever said no to one of the parties? He ever, like, introduced you to a partner and you've been like, you got to, you got to. He gives his insights.

You know? Yes. Yes. Sometimes he's like... That's a tough conversation I have. Sometimes he's like, oh yeah. You know, like this is... Yes.

So I do both extremes. There's one where I was like, dude, what are you thinking? Absolutely perfect. And then there's another like, I don't see it. I'm trying to be polite and I... But I take no offense. The thing that I... Yeah.

The thing that I absolutely love about Graham, which actually was a big part... And I know this is not like a therapy session, But a big reason why I guess I had a little bit of resentment towards Graham for a long time is because he is the most straight shooter of a human I've ever met in my entire life. Like he just gives you his version of the truth no matter whatever the subject is. Like he doesn't sugarcoat things. He doesn't like, you know, worry about your feelings when he's telling you something. And I was always so confused because I'm like, like I would show him an edit I made.

He's like, I hate it. And I thought that was a reflection of myself. But it was actually just on the work that I did. And I have to create a little bit of a distance there. But now I love it because anything I come to him for, he's just like straight up. And now I know I can be the exact same with him. I like that. I've learned that with the younger folks, you have to do the sugarcoat.

Absolutely. Yeah, I've been taught that. I hate it too. Yeah. What is your biggest insecurity? Popping my beard. What do you think? Your beard?

I like it. I just started growing it like three weeks ago. I like five weeks. You like it? I noticed it when I saw some content. Right. I think it's good if I were to give you just some straight shooting

Graham style. Yeah, I would say, I would say the way you're shaped, it looks great, it looks good, and I like the beard. However, I would say the way you're shaping it, I would probably shape it a little bit differently. It's a little thin right here. Right, I agree with that.

I got to take it up. Yeah, I would take it up. I don't have a lot of things generally that I'm particularly insecure about. I'm very committed to the stuff that I am committed to. And as a result of that, if people make fun of me, I'm like, all right, let's do it. I don't care.

The one thing you could do is turn into like a Jeff Bezos. Like, it absolutely jacked. Yeah, I probably could. You know, I got to tell you, that's actually one thing that I do think about a lot. I devoted 12, 13 years of my life to businesses. Yeah. And there were some personal things that definitely, and like eating right and getting healthy and stuff definitely fell by the wayside. And that's one of my goals now that maybe I'm not, I don't have to be as obsessive. And I think that happens to, I've noticed that happens to a lot of people who are in, I'm always very impressed when people are able to both start, grow and succeed in a business and also take amazing care of themselves. I don't know how they do it. I just was,

I was devoted to the business. I would stay up late eating cookies and that was the situation, you know? And how are you going to go about doing that? Are you going to get a personal trainer? You're going to start researching videos. I think I'm going to start by just eating better. Yeah. Like not a whole pizza for dinner. You know what I mean? I'll start there. That's tough. I mean, that's a hard, that's a pretty lofty goal right there. That's such a dad dinner. My dad used to do that, just a pizza, you know? Like the microwavable ones too.

Right, totally. Take it out of the freezer, put it in the microwave. Uber Eats has screwed us all. We had to make no Uber Eats rule in my household because it got out of control. Price-wise or just like health-wise? No, no, just like you can have whatever you want and it just comes to you. You don't even have to go out. It just comes to you.

That's just, that's dangerous. But, yeah. I do think about it's, and it's not just that. Like I, it's not just like my health and my body. I, I, you know, there's reading I would love to catch up on. There's, there's like relationships that I could probably do better. And that, you know, that I think you just have to kind of neglect a little if you, if you want to really go hard. But then it's nice to be in a position to not be so neglect.

So wouldn't you know when to scale back from all the work? Because you could, if you want to, continue pressing forward, like continue maximizing. Yeah, I think that's the question, I think. That's like the question. And every person has to answer it at some point, more or less. You know, when do you stop? And for Bezos, right? It's like, I'm going to keep going. I got $2 billion. I'm going to get $4 billion. Right. And there are guys like that. I don't consider myself one of them. I think that there's a point where you stop and where you look at your family and you say I'd rather I'd rather devote time here. Now, I'm not at that point. I still do a lot of work. I don't. I don't I'm not as crazy hard grindy as I was and I think scaling back has made more sense for me, at least in terms of my mental obsessions than just stopping. But I think that like that's the question. And you know, as I'm sure you're aware, there's formulas you can do. How much money do I spend? How much money? You know, safe withdrawal rate and all that stuff. There's a literal answer to the question. But some people get, enjoy it. Like I'm astonished by this, but there are people who

make 200 million and just where I got to have 300. It's like I don't, I think that's, a little gross, to be honest, and a little mental disordery, to be totally frank. But some people really enjoy working. And I enjoy it too, but I wouldn't, if I was at 200,

I wouldn't, I wouldn't, I'd be good, get a couple more car. If I had 200 million, I wouldn't be doing this right now, I'll tell you that. I would call me,

like, nope. It's not worth your time. Yeah. Nope. Everybody, everyone who would call me. That's kind of like the person already called you,

right? I mean, we have no idea who that, who that was. It never ends. I'm building something in my house. They're pouring concrete. No, I'm talking about the voicemail.

Oh, right. Yeah. Yeah. That guy, that's, I've gotten to the position where I could say no to him. I'm to say, that could be a billionaire who, it sounded very, I'm all set. It sounded official to me. What I found, honestly, that's helped me lose a lot of weight, because I'm down 10 pounds of body fat, like, and a lot of it was just in my belly, and I hated it.

Yeah. There was a video that I did. I'll never forget this. It was CNBC came and they set up a camera and you just see my belly hang over my belt. And I hated it. Yeah. And that switched something in me. So I switched to a whole food diet.

So no processed foods. No sugar and drinks. I got rid of coffee creamer, which is a big one. And meal preps. I'm just creating a whole. Process foods in general. Yeah. Beyond just trying to look better or feel like processed foods are kind of sketchy.

And I'm, that's a, but when you're, that's another thing. When you don't have a lot of time, there's some. some stuff you just have to kind of take, do because that's the situation that you're in, you know, and some of those foods really are not great for you. And we're finding more and more out about that stuff. And that kind of sketches me out. But sometimes that's the easy thing or the cheap thing or the quick thing. Yeah. The other thing too is sauces. So for me, it would be like sauces and cheeses. So you can't stop cheese. Cheeses aren't super bad. Like you add cheese. You can't stop eating cheese. I prefer no cheese. You can't. No, you can't. What do you get? You get a pizza. He doesn't

cheese. I just don't eat pizza. He doesn't eat pizza. I just don't eat pizza. I kind of have to stop that too. Yeah, but Chipotle was a good example where I think I'm eating really healthy, but I get like two things of sour cream on top of it. So it would be a really sour cream mixed in with all the other stuff with the cheese on top of it. I'm like, this is double the calories than just having the food itself without the two. Right. That's true. So it's like little things out of it. No, it doesn't. But you get used to it, believe it or not. Like my palate now, I can eat something totally plain and enjoy it. Yeah.

It's like the dog. It's so excited for just like the same food every day. But it's all they know, really. Also, when you eat less, it tends to make you more hungry, which I think also being hungry can be a good thing. Like if you live your life for like five years and you have never been hungry once in those five years. Right. Right. It's not a good situation. No. And I notice I have better mental acuity when I'm hungry. I notice that I'm more energized when I'm hungry.

everything for me in terms of productivity is generally better when I'm hungry obviously not starving but like you know haven't eaten in a few hours For years up until a couple years ago I wouldn't eat until dinner all day or just go Yeah

I feel like after I eat there's like definitely like Brain fog And things taste better when you're hungry too So you could eat I love the one dinner To me I love the one dinner Because it's like one meal that you get to treat yourself Yeah you can kind of the end of the day

You don't have to be obsessive about calorie if you if you will if you're willing to do that a lot of people can't do that but i'm i got no problem i love it all day you mentioned reading what's like some of your favorite books you know i'm not a book guy like books audiobook books are long you ever read a book sometimes i love long form journalism long form articles are my favorite thing in the whole world and uh i spend when i have free time i spend it reading long form like in the atlantic in new yorker in new york times and wall street journal like a good two-hour read about some obscure subject I will eat that up I love it like what obscure something anything and everything I don't like sports but I love sports long forms

I'll go for days on like the college football the the draft thing what the hell's it called I have absolutely no qualms I like love getting deep into subjects even if I'm not that into the subject. I also hate reading like car long forms. Anything that I actually know, I'd rather, I would like to learn something in a long form. And I love, love, love long form journal is my favorite thing in the whole world. What other interest do you have outside of cars? Very few. I love travel. Okay. I love houses and architecture. I own two old homes that I absolutely am obsessed with. I love, I'm a huge vintage home enthusiast. Me too. I like 1920s, craftsman or Spanish. Yeah, I have a Victorian too, an 1880s Victorian. That's, like, becomes

so I wanted to get a Victorian house in Jefferson Park, Los Angeles. They have a lot of Victorian homes. It's so expensive to refurbish those homes to period correct aesthetics. A lot of wood, a lot of paint. Yes. Yeah. But it's very expensive to maintain, too. Yeah, yeah. But I really am obsessed with the houses and just like places and travel in general. Everybody says travel, but I'm like really obsessed with travel. And then I have taken up tennis for some reason. I play tennis every day. No, pickle balls for children.

Don't get started on that. We're having such good banter this whole podcast and then you had a bad mouth pickleball. Do you play tennis? I have. Oh, but you play the lesser people are going to take it easy. Everybody loves pickleball. Tennis is hard. Singles tennis. Have you ever played pickleball? Yeah, you stand there and you

hit the ball and you do it in jeans while you're never doing. We never play anyone that's decent in pickleball. That's what I'll tell. Okay, but for tennis, you don't even have to play someone who's decent to get a real workout. You ever see the size of tennis courts like the size of this room? It's like huge. Yeah, but you don't get rallies. I do.

We could go back and forth. If I play someone who's at my skill level or near it, I can rally for a lot of time and it's fun. And you get really tired. I mean, I finish tennis and I'm like, it's a workout. Play an hour every morning. Pickle ball, you play six, seven hours. You're like, huh? I think he needs a real challenge.

I think that's what you need. a drink when you're doing that. Sipping a drink. Texting. Texting. You could death text. You could death text. Lastly, lastly, where would you recommend people travel?

What's like your favorite travel destination? I know you really like it. Depends greatly who people are. I find that to be such a huge. Like we love our Nantucket, but it's not for everybody. Lake Como is my favorite place in the whole world in northern Italy. But that also is not for everybody. It's especially if we want to do it right.

It's actually kind of rural and there's not a lot of much to do. But I don't know. I just, I really think that seeing. the world is really important, and I have truly loved and enjoyed getting out there and seeing unusual and different and special places. And so I think just anybody who can get anywhere and do anything. I think that if you're baseline, if you just are American who's never travel overseas, Italy is the coolest place in the world. It gives you everything. You can still use your English, but it does feel like a different country, and it's kind of an insane place like you want a foreign

country to be, and it's absolutely beautiful. Italy has it all. But there are so many great places that you can travel to. And I just think that everybody should. I think people, would learn more and have a, the society would be better if people knew more about each other's cultures. I will never forget when I went to Dubai. And, you know, the Muslims and the American conservators there, they don't really get along that one, right? And I went to Dubai and I will never forget that I land and I'm driving around and what are they, what are they doing in Dubai? They're driving giant pickup trucks going out into the desert rolling over sand dunes and shooting guns in the air. And I'm like, you know, if you guys would just meet, I have. I had.

I actually think. Yeah. Best friends. I think it would actually be okay. I think everything would be all right here. But I think a lot of people don't want to, you know, that the fear of other is a big deal. And so I think travel helps to bridge that gap. And I think it's incredibly important.

You know what would do so well for you is traveling, but doing quirks and features of different locations. It would have. If I was in a position where I was willing to travel at the level that I would have to do to make that many videos, I've always felt that travel videos on quirks and features. and house tours if you were to go around the globe would love that. But I just don't want to put it. I'm good. You could create a travel agency

around your business of curated things that you could buy into. You totally could. You want a quirky trip? Yeah. No, Jack, this is great. You run with it. Honestly, we're giving this to you.

Doug, if you created packages of like 10 grand or 20 grand or different levels to it where it's like, hey, 10 grand, we're going to get your hotels, your meals, Your travel guides, pick up to and from here. I'm not starting to any other business. You take this. I'm giving you take it.

It's a great idea. I'm not doing it. I'm out. I'm out. You could make more money though. I'm out. I got a career GT. I'm out.

You could get an F40. I know. I do want an F40. But I don't want it bad enough to have to do the kind of work that is required. That's the thing. You could take your family with you and create a family vlog. This is for you. You do this.

You do this. You are well. You have a great audience of people who have money. You can do this today. I'll pass. Don't you? But you do it. No, you do it.

Jack should do it. I'm never doing anything else ever again. I read my kids bedtime stories. That's my business. We do two or three books depending on how good they were that day. It's a great title. Doug DeMiro on quitting. There we go.

I don't, I don't. And with that said, you guys, and with that said, you guys, thank you so much for into the podcast. It really means a lot. Thank you for letting us come over here. Use the studio. I mean, this is all of your equipment. We got to travel light, which is so nice. I'm sure. So nice. Thank you for coming. It was great to have you here. And if you want to sell your enthusiast car, check out cars and bids. Cars and bids. Not sponsored. No, no. But it's a great website. It's a cool website. It's a cool website. Graham checks it all the time. I can attest to that. It's honestly daily. Daily. Go ahead. Give the pitch. I check the website daily. No joke. And I like

to see all the cool cars that come up there and I read the comments. When are you going to buy some? What are you going to sell some? Yeah. You sell Tesla. So I was thinking, no, honestly, I was thinking about selling my Tesla Model 3, but I'm looking at the prices and I'm thinking for me to get a new one, I don't need a new one. I just want more range.

That's it. So I got the standard range 2019. And ideally, I would love to have enough range to drive to Los Angeles without charging. That's it. That's all I want. but I don't need it. And I don't really drive to L.A. It's maybe a few times a year.

So do I want to spend $20,000 more for a few times a year? No. Probably not. So that's the way I think. That's the financial advice. Yeah. Car enthusiast who's running the car auction website. Yeah.

Not only do you want that, you want to get a better. Yeah. The one car. Get a Model X. No, honestly, the one card really want is the plaid. Yeah. It's like a 2021 plaid for like under 50 with like, you know, Mid-range miles.

They're getting there. You want to just flex on people at stop lights. I feel it. That's all I want. With the good range, with the 400 miles, or the long range,

model S. Which is also really fast. Yeah. Or lucid air. Charging. Yeah, but those kinds are like 500 mile ranges. Just in case. You could drive the lucid air

from Vegas to Los Angeles back, back again to Connecticut. No charging. No, I'm kidding. I don't know. It's just the idea of not having a charger

within like, you know, 50. still charge them. You go to Electrify America. They're so bad. They got 12 charging stations that are Electrify America. One or two of them probably weren't. I've seen, course. We're never going to get Electrify America to sponsor us now. I've seen some of the charging stations that are not Tesla. They're awful. I mean, they're absolutely horrible. And then the government waste with how much money, like they've,

they've just spent and subsidized for these things that don't work that are too far. To putting the charging stations and the charges in my house, I have had to charge publicly sometimes. And I mean, the electrify America station near my house, you can get one, two miles a range if you're willing to put in 20, 25 minutes. Bad. So that's not good. Yeah. But you know what? We'll talk.

Maybe there's a scenario where my car will be on cars and bits. Bring it off. A $78 Tesla model for. With that, that's it, guys. Thank you so much for watching. Until next time.