The Iced Coffee Hour - The Dark Side of Exotic Cars: Hoovies Garage on Getting Ripped Off & Scammed

Episode Date: July 14, 2024

NetSuite: Take advantage of NetSuite’s Flexible Financing Program: https://www.netsuite.com/ICED ZocDoc: Go to https://www.zocdoc.com/ICED and download the Zocdoc App for FREE Range Rover Sport: Start designing your Range Rover Sport today at https://www.LandRoverUSA.com Subscribe to @HooviesGarage / Hoovies Garage - Enjoy! NEW: Join us at http://www.icedcoffeehour.club for premium content - Enjoy! 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! Intro - 0:00 Maintaining A Rolls-Royce Corniche - 5:01 Explaining Grey Car Markets - 8:27 Learning To Fix Cars - 12:26 Opening A Car Dealership - 16:26 Car Salesman Commissions - 17:36 The Car Dealership Business Model - 21:18 Getting SCAMMED As A Car Dealer - 24:05 Becoming A Burger Franchisee - 25:29 Hoovies Garage Start On YouTube - 32:44 Hoovies’ Car Collection - 35:28 How Hoovies Ferrari BURNED Down - 37:56 The Bentley SCAM Story - 39:10 Hoovies’ Worst Financial Decisions - 42:22 The Junkiest Car Ever Bought - 45:19 The Most EXPENSIVE Cars Hoovies Garage Bought - 46:43 What is it like to drive a Countach (49:47) Does Hoovies Garage Take On Loans To Buy Cars?- 50:21 How Much The Rolls-Royce Sold For? 52:02 Hoovies Favorite Car To Own & Drive - 52:47 BEST Car For The Average Person To Buy - 53:39 Hoovies Thoughts On The Tesla Roadster? - 56:49 Are Electric Cars The Future? - 57:48 The Most Expensive Car To Maintain -1:00:43 Hoovies Thoughts On Fisker - 1:01:26 Bidding On Cars - 1:03:27 The Monthly Cost Of Owning 40 CARS - 1:07:35 The Total Value Of Hoovies Car Collection - 1:09:18 Hoovie Opens Up About His Car Addiction - 1:11:51 Blowing Motors, Tires, & Getting Banned From AAA - 1:16:00 Fake Supercars - 1:22:04 Closing Thoughts - 1:24:06 *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

You've collected how many cars at this point? I try not to count because that's the first step in admitting there's a problem. The height is around 40. Hi, I'm Tyler Hoover of Hoovey's Garage, the dumbest automotive channel in all of YouTube, but probably the dumbest financially as well. What cars did you lose the most amount of money on? There's so many. But if I buy a terrible car for YouTube, I show up as totally misrepresented, I can make YouTube videos out of it so bad becomes good. How do you throw away a car?

I'll dig a hole. I'm not bury this thing. It's had a hard year. What's it like to drive a kuntash? It's incredible. That noise with the V-12 behind you. The kuntage is just an experience. There's nothing bad.

Well, thank you so much for agreeing to come on here and be roasted by us. The interrogation is starting. Hi, I'm Tyler Hoover of Hoovey's Garage, the dumbest automotive channel in all of YouTube, but probably the dumbest financially as well, which is why I'm here, right? You want some dumb, right? This is what we have to talk about. So you know what's funny? Dave Ramsey does these videos about how financially irresponsible people are for buying certain cars.

Guess who comments on that video? All the time. All the time. You troll him? Oh, my goodness gracious. He tells you not to take on any car debt or buy anything exotic or fancy and, you know, how it'll never pay off and ruin your life. And I'll, you know, just post a photo of all my cars or something like that. It seems to work out fine for me.

And, yeah, sometimes the comments get deleted, but usually there's a fun. They've been deleted a time or two. You're kidding. Yes, but usually it gets a good response. Because the thing is, if he's going to post on the channel, people are going to see the checkmark, go to his channel and then see all the dumb decisions he's made. See, you've been on his show. Yes. I have not. It's a dream, especially when I was at the biggest mountain of debt, like nightmare situation to see if I could break him. I wanted to like see his brain just start sizzling at the thought of how I lived.

But yeah, didn't get a chance. there's any way he might be able to justify what you're doing or say like, okay, well, you're making money from this. No. No. No. No. This is, this is worse than Stradman, which I know you talk to him about his situation where there's no retirement or any of that kind of stuff. Yeah, it's, yeah. Wow. You know what? I think Tavarish is the only one we've not yet had on the podcast. He's already agreed to it. Okay. But otherwise, I think we've talked to everybody. Stradman, Doug DeMiro. Checked every box. Me, Shmi, Chris, Chris, Yeah, Chris Fix.

He didn't show his face. Oh, he showed his face. He showed his face. Yeah, yeah, but we had to blur it. We had to blur it. It's very special. We saw his face, beautiful man, by the way. I know, he's really attractive.

It doesn't make any sense. Yeah, like, it's a beautiful man. Beautiful. Very handsome. Yeah. Well, thank you so much for agreeing to come on here and be roasted by us for all the done decisions. The interrogation is starting.

I was going to get into it right after you tell us. Why are you in Las Vegas? I am here for the Barrett Jackson Collector Car Auction. That's why I'm dressed like a used car sales. been somewhat. But yeah, I've been doing their live TV coverage for about three years now, and I just love it. I watched it on TV when I was a kid, and it's live TV. It's very different. Well, I guess a podcast, this is live. Like, if I screw up, then, well, everybody sees it. But on YouTube, usually we can sort of, you know, a podcast. We edit it. We edit it. Oh, okay. We would

be screwed if we did not edit. Oh, thank goodness. The question's, Jack asked sometimes. This guy, oh, you would not believe that things that comes out of his mouth. Okay, all right. So if this goes into a canceled little territory then. We can edit it out. We'll be able to fix it. Okay, very good. Well, Chris fix it. But yeah, in YouTube, we can just start over. We can drop any F bomb we want and start over and it's a jump cut, which is fine. But live TV, yeah, you can't.

Scary. Oh, it's very scary. So I found it funny. You told me a story earlier. You got slapped. Yes. What happened? Well, so we were reenacting a scene from the 80s. Well, it wasn't a movie, but an actress named Jaja Gabor got pulled over in Beverly Hills and her Rolls Royce Corniche. And she got arrested because she got so fed up with the police officer, she just slapped him. And she thought she could

do that because she's a big Hollywood star and ended up her getting arrested. So there was another Corniche at the auction. And I convinced April to slap me to sort of reenact it. But she wanted it to be sort of a stage slap. I leaned into it for the full. I took a hard hit. She can, she's kind of, yeah. And what did the car sell for? Oh, it's cheap. So knew this car would have been about probably $300,000, adjusted for inflation for the 80s. Yeah.

Triple or whatever. But it's sold for 39 grand. That's it. For a Corniche convertible, like Dean Martin, Frank Sinatra, had one. Elton John. So many famous people had this car. And now it's sort of a depreciated, you know, relic, this Rolls-Royce, yeah.

So how difficult is it to maintain a car like that? Oh. I could see that. 39 grand. And, you know, a new Toyota Highlander. way more expensive than a Rolls Royce that you could buy today. History behind it. You basically treat that as the down payment.

And then the maintenance is the car payments because they have this mineral suspension system that controls the suspension. It makes an amazing riding car, but also the brakes. So when the system runs out, if you're ignoring all the lights, eventually you lose your brakes. And it's just oozing from everywhere on these cars. And to go through it, it's tens of thousands of dollars. And if you try and fix one thing, then it's like fingers in the dam.

and it just goes for the next weakest link and starts breaking. So the people that buy these cars, do they buy them to actually drive them? I'm sure they're not daily driving them. Are they taking them out on Sundays, or do they just put them up to show them off? On those, I mean, there's plenty of people that still drive them. There's a lot of devoted people to those cars that are really hardcore. And the fact that they're still very mechanical and easy to understand in that sense, where you don't have to plug it in and scan it for like a check engine light or advanced computers

or any of that kind of stuff, they're easy to keep going. that sense, but it is pretty complicated in that mechanical sense and obscene the parts cost. So it's doable, but yeah, most people just probably park and look at them, pretend to be... Why is it so expensive to maintain an old Rolls-Royce when other cars from the same time period require none of the maintenance that that car requires? It's basically who's... There's no support from Rolls-Royce today on the parts. So it's the aftermarket, the flying spirits.

It's all in England, and it's just very expensive. They can charge whatever they want because there's no competition for them, you know, making these parts. It's weird stuff. So at Barrett Jackson, what deals are you seeing right now? And how is it changed? Because I was there two years ago around Father's Day, actually. We watched some of the cars go to auction. We saw the Ghostbusters car.

Yes. I remember that one. Uh-huh. That one went up. How much did that sell for? Is it 100 grand? There's been a couple of Ghostbusters cars. But, yeah, I think there was the one last year that was kind of a rastaster's car.

added out Batina one that sort of went for 50, and then there was one the year before. I think they brought big money, I think of like 150, 175, not the actual Ghostbusters car, but a recreation of it, which you have to find like a 59 or 60 ambulance or Hearst, Cadillac, in order to make these. So that's pretty much unobtainium in the first place. You find that, then you have to make a Ghostbusters car out of it. How did you get in cars? It's always been there.

I think my dad was definitely a car of a guy, and he had a Lamborghini Kuntai. poster in college in his, it would be a dormant apartment. And so when I was a baby, he started hanging that stuff in my room. So I had a Lamborghini Kuntosh poster, basically over my crib, added my whole life,

the old Alpine stereo poster. And he had some older cool Porsches and things. And so it's just always there. I was watching Herbie the love bug over and over again and seeing the cars in there. Yeah, always obsessed, for sure. And then what was your first car when you turned 16? Did you have that obsession for driving?

So my grandma, her car she had an amazing thing it was an 85 Mercedes 500 SL which is the gray market euro high performance convertible and my dad had it saying it because she wanted a Chrysler-Baron and I'm like oh no no no no we can get you something much better and he was able to go through the gray market and got my grandpa's dad to order this and get the car in what's the gray market basically um you had the Mercedes dealer in the 80s and then you could go around the Mercedes dealer and buy directly from Europe and import the euro market cars

for less than what they were selling for at the dealers. And then they got around all the emissions regulations, you know, the big impact bumpers you see on a Euro car versus a U.S. car. And it was a big, you know, undercutting franchise Mercedes dealers or BMW dealers or anywhere in Europe. And they closed that door, the feds in 85, I think. And then it was really hard to get a car in after that.

Now they have the 25-year rule for importing, but back up until 85, you could pretty much import anything new. And different states had different laws for federalization. How do you contact the people in different countries? Like, was there like an actual, like a marketplace where you could just go and do this? Was it a simple thing? Or was it like a used car dealers, but they could go buy new cars and import them. So there's a lot of big importers in the country that were doing this. And then their livelihood got cut off.

Wow. But it made sense. These franchise dealers are paying all this money to have it. and then they were getting undercut by anybody just going to Europe and buying cheaper. What was the margin on that? Oh, I'm sure it was obscene, yeah, especially with, you know, since they're cheaper there and they're better cars because they had less of the emissions restrictions, so they were faster, better looking.

So some of like the European, like the Ferrari's Lamborghinis, they were obviously better than what you get in the U.S. So I don't know exactly. I went around then, but it's a good business. So that Mercedes, that was your first car? That was my first car. Oh, wow. Yeah, she gave it to me, I started driving it.

She bought other grandkids cars. So one cousin got a Saturn SC2, one got a Chevy Cobalt. And my sister got a Kia. I was the sucker who took the old Mercedes. Is that it just a cool car, though, the 500 S.L? It's cool. At the time, it was cool to me, but it was kind of an old car that had, like, things didn't work on it. I warped the heads on it, overheating it and that kind of stuff.

So it was, could have gone to the job. junkyard several times. I still have it to this day, but it wasn't worth maybe three, four, or five thousand dollars at the most. Really? So was the Kia at the time worth more than that? Oh yeah. Oh yeah. I think Mercedes 500 S. L. I think cool car. No, not back then. It was old. Yeah, it was 15 years old at that point. Could you work on the car yourself? No. You're like, well, I'm not much of a wrench even to this day. But even back then, you know, after the issue where I overheated it and warped the heads, learned a lot about mechanics. and little things here and there, because obviously mechanics are so expensive,

and I'm a kid with a Mercedes that I can't afford to keep running, so I was learning how to fix it here and there myself. And eventually got a Mercedes diesel as sort of the extra car. And that's so simple. It's like Legos for grownups and learn off of those. All right, but before we go into that, we got to do some quick math, because the less money your business spends, the more money you get to keep. But with higher expenses on materials, employees, distribution, and borrowing,

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But wait, there's more. Due to popular demand, NetSuite has decided to extend its one-of-a-kind flexible financing program for just a few more weeks. All you got to do is head over to NetSuite.com slash iced. Once again, guys, that is netsweet.com slash I-C-E-D. NetSuite.com slash iced. Thank you so much, NetSuite for sponsoring this episode and back to the podcast. How do you learn how to fix a car? Well, back then it was forums, you know, before Facebook groups and everything else.

Before YouTube. Yeah, before YouTube, you get on the online forums. And I made a lot of friends like my mechanic, the car wizard, who's on my YouTube channel, I met through the Mercedes form. He bought the same car as me. And then I realized he was just an hour away from me. And we met and became friends from that over 15 years ago. Wow.

How did that first conversation start? Well, I mean, it's a stranger on the internet You see, oh, you're 30 minutes away from me I don't know I just thought, yeah, let's meet and get our cars together You did a park 11 p.m. Yeah, exactly, I don't know. Parents asleep.

Yeah, I mean, he met his wife on the internet which was an early thing, so he was used to it so he probably initiated. I mean, all kinds of people on the internet. Yeah, yeah. I met people off the internet when I was like 12, 13. I've told the story before, but I used to be really into, I still am, reef aquariums,

and so I was in this forum, I think it was called reepcentral.com. and there was a Southern California sub-form within the website. And so what I would do is go on there. I talked to locals, and they would do what's called a frag swap, which is where they'd get together

once every few months and trade pieces of coral with each other. And so at 12 or 13 years old, I went to my parents, I'm like, I want to go to the frag swap. And so they took me to the frag swap. And I met a lot of the people in person that I was talking to online

as like a 13-year-old kid. Right. Everyone was so friendly, though. Okay, so nice. Nobody in a van saying come None of that. None of that. I got the frags in here. Exactly. Okay.

Were they surprised to see that you were a 13 year old kid? I think they knew. So you would tell them your age. We probably shouldn't have, right? I was so trusting. Were they asking how old you were? No.

I think I was voluntarily like, hey, by the way, I'm like 13 years old. You know, I'm sure some people were surprised. But, I mean, my username was Pineapple House. So they got to put the two and two together. It probably wasn't like... And your parents, they didn't think anything about, you know, you're going to these frag swabs or anything?

They were totally fine with it. I'm not going alone. Oh, yeah, they would go with me. You know, and usually they'd just like be in the back or they didn't want to get in the way or they weren't like hovering. But they'd be there, be present, make small talk. I think they're supportive. Yeah.

I still am mad at my parents for my eighth grade graduation and being forced to go to it rather than getting together with my friends and watching the series finale. of Star Trek Voyager. They all skipped out? No, they, it was at the same time. 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 flamethrower.

Luckily, Jeff saved with Amazon and stocked up on antacids, ginger tea, and milk. Habaniero, More like Habinier, yes. Save the Everyday with Amazon. I have Star Trek Voyager and all my friends from the forum and internets and things they were getting together. I have a watch party at the same time as my eighth grade graduation. That was way more important to me than eighth grade graduation. But they said, no, you have to go to that and go to the dance afterwards.

So it's like, okay, I can go to the graduation and then the dance. I can skip it and go to Star Wars Trek thing. You know, I skipped my eighth grade graduation. Never went to it. Wow. Yeah. Why did you skip it? Your parents are cool?

I didn't want to go. I thought it was pointless. You're just skipping out. Yes, I hated school. I know you hated school. What's the point? Because you hate school. Like,

I didn't really like school for a lot of the years I went in it. But if I had to go to the promotion. No, I didn't have to go. It was like, it was like, Thursday or Friday. You said dad or mom or dad.

I know. Mom or dad. I'm going to promotion. I'm graduating eighth grade. I'm not going to go. Yes. And they were fine with that. Yes.

See, my parents. It was a waste of time. You need to be normal. Like, Go and talk to girls. No. I thought it was a waste of time. It was a waste of time. What?

You're going there and sitting with a group of hundreds of other kids? To what? Just go up on stage, shake a hand. It's eighth grade. Right. We're talking about you. Exactly. So you're 13.

College. High school, I wanted to skip. I wanted to skip that one, too. You did. You skipped a lot of high school. I did. I went to the graduation, though. Oh, okay.

I wanted to skip. I think they actually made that mandatory that you had to attend. I did not want to go. but I went and I left right afterwards. There we go. So what did you think you wanted to do when you were younger? Ever anything that's cars? You know, I graduated from college with a degree in political science

because it was the easiest exit out, I realized, just to be able to open a car dealership because I already had that figured out because I couldn't get through business calculus or a lot, started in the business aspect of college or whatever, business major. couldn't get through the math. So I did that and then opened the car dealership a few months after. How do you open up a car dealership right out of college? I'm assuming you need some funding or

experience. So I worked as a car salesman at a Chevy store in like 2007, 8, 9 while I was in college and then finished up. That's why it took me a little longer to get finished and then opened. So I already had that source to go, the experience and also to get trade-ins from that store. They were happy to sell them to me. But then, yeah, getting the license and all that was a thing. And I was very fortunate to where I was able to get a line of credit for inventory. My dad signed as a personal guarantee on it. So that was the big start that I had, basically, to be able to buy inventory versus the normal. I've always wanted to ask someone who was a car salesman. What is the commission structure for somebody that sells cars? Also, can you continually cut down the price that they give you?

And is that directly cutting out their commission one to one? Yeah, so usually, at least when I was doing it a long time ago, it was 33% of the profit of the car on new and 25% unused because the margin unused was higher. And they really wanted to encourage you to sell more new cars because the margins were lower and the more they were able to move, then the franchise would get better, you know, better inventory and that kind of stuff. And there was definitely some bonuses and different things. So like the very first car that I sold there, I walked up to a guy.

It was in 2007. The new Chevy Silverado had just come out. He said, I want this. So you want a test drive it? No, I want this. He went and applied for the loan. This is with GMAC, which went bankrupt in 2009 because they were doing stuff like this. You know, Pontiac went out at the time and Saturn and GM's bank because they were doing these crazy loans.

We're seeing a little bit more of now, most recently here 15 years later. So he had a truck that was getting traded in, $10,000 in negative equity that we bid it versus what he owed on the car. And then full sticker on the truck, no discounts. This is a kid, maybe 25 years old living with his parents, had a good job. Auto approved, done. He's out the door upside down with taxes traded in. We have 15 grand probably upside down. And that moment he drove off the lot, he's another probably five or 10 grand upside down just immediately.

Does anybody tell them that's a bad idea? No. And I didn't really understand it because I'm just learning and I just, that day, I made $1,500. And I thought, this happens every day. So I went to Ultimate Electronics, which is, that store is long gone. Bought a plasma screen TV. Thought, okay, tomorrow I'll make the same amount of money and then I'll have, you know, I'll just do it again. And it didn't happen. But, yeah, I hadn't, there's nobody giving these people advice for sure. And it's, you still see it to the, I mean, it's almost worse today because they were charging over,

MSRP for cars. Most recently, you know, the Kia telleride, or normal cars because of the supply chain shortage, they were charging over MSRP and people were buying them. And I can't imagine when the crap hits the fan here the next year or so with that.

Yeah, so what's going to happen to all those loans that were issued at over MSRP when they're no longer worth that anymore? They're just going to walk away from the cars or I hope they get gap insurance. They call it basically, you know, the insurance where if you owe more than the car's worth an insurance value, then this,

you buy this and it covers it. So then you just find a tree and hit it and told out of your car. You know, still you see a lot of that. But I think it'll just be a huge repo pool. And you'll see this revolving door of bank repos and the inventory will keep growing and growing until there's a big pop and finally use car value start going down to what they were before. But yeah, a lot of people are going to have their credit messed up again. And why do you think that hasn't happened yet? I think that it's seeing it built. You're seeing if you check Mannheim, as I still have my dealer's license, I'll check all this. You see that there's more and more inventory in the auctions going every week, more and more bank repos, and it's growing. And right now the banks just aren't willing to cut bait yet. They're not willing to take that hit. And so they're just sending it back through the auction every single week. It's not a loss until they agree to sell it. So right now it's just sitting as inventory more or less, but you don't, you're not. You're not. not showing loss until you sell it. And I think they're just not really willing to do that yet.

Gikes. What's the business model behind a car dealership? Well, I was terrible at it. I was like a drug dealer doing too much of his own drugs. I wanted to, like a big Tony Montana stack a car. And I wanted to keep everything. So I was, I was consuming. Someone wants it. Is that for sale? No, I want to ask. It's mine. No, that's not for sale. I didn't. I didn't do very well. Yeah. I mean, obviously, you want to go to the auction or basically this, the smart car dealers don't go to the auction and buy from the lane. But that's where most people starting out. They go to the auction and they bid on the cars at the auction, which usually are dealer rejects, where people are not able to sell them on their car lot for one reason or other. Either

they need too much to be fixed for it to make sense for them to make a profit, or it's a tough to sell car that nobody wants. It's an aged inventory that they're selling. So the good dealers have these sources, these honeyholes that they go to and dealers that they go directly to, if it's too old at a new car franchise store or a little bit too high miles for them but still a good car then they'll buy it and then resell it. I had a little bit of both, but I was also a big car enthusiast, so I'd see something cool and shiny and buy it and then lose money, obviously, because I kept it or was just so obsessed with it and spent way too much fixing it. And yeah, I failed. But before we get into that, when I first moved to Vegas a few years ago, it was actually

my first time living far away from my hometown back in California, and recently I took a little bit of a spill, and it made me learn a very valuable lesson. I realized how hard it is just to get a hold of a doctor, let alone finding a doctor that's accepting of new patients and your insurance. That, of course, is where our sponsor, ZocDoc comes in. Sock. Doc is a free app and website where you could search and compare high-quality, in-network doctors, choose the right one for your needs, and click to instantly book an appointment. We're talking about in-network appointments with more than 100,000 health care providers across every specialty. From mental health to dental health,

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Thank you so much Zock doc doc for sponsoring this episode and back to the podcast. What cars did you lose the most amount of money on? There's so many But yeah I think the worst one Was trusting this Florida car dealer That is that on his word And buying three cars from him

And two of them showing up with bad Transmissions This is a Mercedes One showing up with a swapped odometer And there was a rust hole Around the sunroof where water was continuously pouring in And damage on this Jeep Like accident damage where they purposely took a photo

Not of this corner I bought all three and that was early into my business and that was about a over $10,000 hit, which was absolutely massive for me. Did he just not tell you about, like, purposely? How does that not affect his credibility?

Well, he's just doing a dealer to dealer wholesale to a guy, a dealer in another state and this is as is. And it's less shady, they think, if it's as is to another dealer, they don't mind screw over another dealer. And I'm saying they don't mind screwing over a customer, like a normal wood sale customer.

But then, you know, If it's in Florida, then obviously there's some recourse for a normal buyer, but it was a dealer. They're just like, hey, really? There's no chance of you saying, hey, you didn't tell me this car is crashed with this. I called them every day. They just ghosted me. And they could do that. Oh, absolutely.

Could you take them to court or anything? Or it was worth it. I mean, they're a thousand miles away. Wow. How long did the dealership last before you moved on from that? So, opened in 2010. By 1415, I was moved. moving on because I realized I am way too into cars to make this a business of buying and selling

were my hoarding tendencies. The things that serve me well now on YouTube aren't good for a car dealer. And I moved on to a franchise that started in Wichita in 2002. It was called Freddy's Frozen Custard and Steak Burgers. Went from selling cars to literally flipping burgers for years. How long are you flipping burgers for? So five years or so, yeah. Wow. I'm still involved with it. But I was still involved with it. But I was in the day-day operations. So I didn't realize that like the best way to get involved with restaurants and to open stores and you really need to know everything top to bottom.

If they don't see you getting in, getting involved. And then once you're really good at it, say, on the grill with like a Freddy's burger, you're smashing it on the grill. You're rolling it out to where it's domed in the center and crispy on the edges. And then you flip it over after 45 seconds of scraping. It's a crispy, really, really good. But it's very labor intensive versus a normal sort of burglings. flipping operations.

It's a smash burger. Yeah. So when you're opening, like in training these people, they can't do it. So then I would be the guy on the grill for five hours and during the rushes, knocking it out because these guys just weren't ready yet. And so I was literally doing that or mixing custard and getting, you know, chopped and ice cream all over me and all that. For years and I enjoyed it, but it wasn't what I expected.

Where, oh, I'm going to be a businessman and get into restaurants. And I didn't know what that, you know, what really running a restaurant was, but without, you know, with all this involved. I heard it's a very high turnover for employees. Oh, my goodness. So we would hire about 100 people to open a store. And the roster after two weeks would be about 30. No, two weeks?

Yeah. What would happen to the 70 people? Well, that pool of people where it's, that's the revolving door, they don't have a job for a reason because you're not going out and, you know, recruiting from other stores necessarily. They're just the people applying. And you don't know. And a lot of it is they just don't show up because it's too hard or, you know, very few

where I would actually have to go out and fire them. Usually you would just sort of like keep on them until they realized they couldn't do this and then quit. But yeah, it's amazing. You would think, and especially nowadays, at, you know, the $15 now, or $14 that we're hiring with that. And it's still not enough to keep them coming back to work. Can you say one of the unique.

things that maybe someone did that caused you to fire them or something something like interesting as a franchisee definitely the most wild one was opening north little rock and i was in the middle of a training class when we had everybody sitting around i'm talking about the fundamentals of freddies and what makes it different and special and while that was going on someone was interviewing a girl and hired her and she was going out to her car it was a ride and two people they were sitting in my class, maybe it was a dozen people, Tony, went out, two girls and proceeded to beat the hell out of this girl in the parking lot. And then, of course, she got in the car, they're grabbing her hair, pulling her hair out, all this stuff, screaming, all this. She leaves. They hit the cones

of the way out because we're not opening yet, and dragging the cones out, our cones are gone. And they come back in, sit down and think they can just resume the training class. And so obviously, I just stop everything, go talk to them. And they said, well, we had a beef with her. And you wouldn't want her anyway. She's terrible. She's a liar. She's a thief. You wouldn't want her working with. We did you a favor. And like, they thought that was perfectly acceptable to do.

Yeah. And it's sorry, that's not how it works here. So you have to go and they were just they were floored. Because they, like, they were in the parking light. They were our property of it. Yeah, that was definitely the wild. So you just straight up said, sorry. Like, were you afraid maybe at that moment, they turn on you.

Yeah. He was a liar. He was a cheat. Yeah. There was a moment. But no, I never felt really in danger for my safety. That was kind of a cat fight, you know. Oh my gosh. Yeah. Yeah. That's pretty crazy.

I did fire a lot of people because my job was sort of to come in. You'd set up the management team employees, get them all trained up really well. And then I would move on to the next opening. So since the guy who's not going to be there permanently, I could be the bad guy. You don't need to be, you know, you don't need to be in these companies, because especially younger people really, they'd rather break up over texts. You know, they don't want any direct confrontation. And I didn't mind just take him out to the patio and say, sorry. So you started out as a burger flipper. Yeah. For this place. And then how did you climb that corporate ladder?

I was, I was always a partner in the company. But really, the only part where I could be helpful and productive was in the operations. But how do you go from being a college, well, you graduated college with PolySai, right? Yeah. And then from there, you had this failed car dealership. How do you go from a failed car dealership right into partner of this place? So that has a little bit to do with my dad and well a lot a bit because he was

in the oil business with my grandfather and when the oil business in about the time when I was born when it cost more to pump the oil out of ground when it was worth. All these oil companies were going under. You remember like the Jimmy Carter crisis where there's the fuel lines and all that

stuff from history class. Well after that there was a big crash in the 80s and oil prices and all these companies went bankrupt, including my grandfather's company. And the only thing that saved him was he diversified a little bit into hotels. And then one of them was very early into Wendy's. And so my dad saw all that,

and he was involved a little bit in the Wendy's. And he got involved in different restaurants. He tried to do his own, launching his own franchises and things, but then eventually in the late 90s, he bought into Taco Bells. and really did well with that. He still has some Taco Bells to this day.

But since Freddie started in Wichita, Kansas, some people he would work with in the past were branching out and selling the territories and locations. And he was getting involved, and he encouraged me to get involved with it as well because it was a great opportunity. And that's how I got in with this group and as a small partner.

Do you think a franchise is a good business to get into today? I guess it depends on the franchise But I think Yeah, Freddy's, you know The territory you all developed really quickly I'm not sure what's left now But it was it

It was very good at the time Yeah I remember when Subway franchises were popping up Yeah everywhere around like 2010 2011 Yeah but then they undercut them With the $5 foot long thing And just killed them

Yeah, yeah That's the thing where you're Sacrificing price That was the nice thing about Freddy's Because we could keep up Because of the quality We can charge more, you know, like a smash burger is very expensive. You go on there, get a shake and fries and a burger for, what, 30 bucks or something like that nowadays.

Freddy's not that expensive, but because of the quality, you can sort of justify it. We're like, we're better than dollar menu than McDonald's. So that that helped in that sense where you're not just razor-thin margins, you know? Yeah. So when did you decide to make YouTube videos? So when I got out of the car business and I'm in these apartments or I'm in hotels, opening the stores, I wanted to do something still with cars. And I had followed, like, Doug DeMiro on Jolopnik at the time.

He was starting to make some YouTube videos. And, like, Doug, like, he was into forums. And so when he was a kid, he pretended to be this high profile rich Ferrari owner when he was like 12 or 13 on Ferrari chat. So that was his fun thing to do as a kid speaking up. I don't know. It's one of his funny stories that he tells. But, yeah, so I followed him as a big fan. Freddie Tavarish on

YouTube, he was also writing for Jlopnik at the time. So I got my foot in the door with that. Doug left Jalapnik. I just started writing articles in the hotel room my spare time, just submitting them, getting paid a few hundred dollars. But when Doug went to Autotrader, they were bringing

in more riders. He was already writing for Auto Trader. They hired him for something called Overseer, which he left when he started cars and bids. And he was the editor of that. And I came on as one of his riders. and with him he was posting his articles along with the video. The video was a supplement to his articles.

Like writing was his thing. And it was sort of the same with me. And they wanted me to follow suit, except they caught wise, I think, with Doug doing it on his own YouTube channel and wanted me to do it for AutoTrader. So I tried to make a video sort of for AutoTrader. And it was so terrible. They said, well, just go ahead and put it on your own YouTube channel. So I did. And that's how I started making YouTube videos.

It was just once a week with an Auto Trader article. And it was, I had no idea you YouTube was a thing at all. Where would you get the cars? Would they be handed to you by a manufacturer? No. So Doug was doing a lot more reviews. And I was just talking about my own cars that I had at the time. And I still was doing a little bit of buying and selling as a dealer on the side as well.

because also the Freddy's had not started paying out until very recently last couple of years because we were always reinvesting to build new stores. So I paid myself a salary just enough to keep my head above water, but then anything extra, I needed to sort of hustle and do something on the side. So I was flipping cars. I'd write articles for $100, $200 per article or whatever. And so I had a few cars in the stable, so I would write about my own cars. And that's where Doug and I sort of separated because now Doug is exclusively his new car reviews, but he also had his own Doug cars and things at the time. But I sort of stayed in that, you know, with my own cars.

What cars did you have at the time? Oh, so back then I had a 2007 Mercedes S-600 that I bought for $4,000. So 600 horsepower V12 bought with a blown motor, and that was my first viral video. I think it's sitting at like 4 million views right now. It went viral on Super Bowl Sunday in 2017. We were just time to go viral, but it went from three days after the video was posted, it got picked up and went nuts. So I had that at the time. I had a Toyota Prius, just whatever junker car I had.

I remember that Mercedes video. Wasn't that titled, like I bought the cheapest Mercedes in the United States, or what was the title? I didn't start. That one was just a V-12 for $4,500 in the one-year update of what it was like to own this for something so cheap. But that definitely became my genre of buying the cheapest such and such. So the first car that I bought for YouTube was an NSX. 92 for $30,000, the cheapest NSX in the USA. I thought with the articles and the videos, I took out a loan. The goal was to make the car payment.

And it showed up, it had hit a curb, and it was massively out of alignment. They didn't tell me this to a dealer that sold it to me. But it was overall a solid car, went through fixing that. And, yeah, it worked. So whatever it was the cheapest version, the cheapest car available in the country of something that was once nice, that became my thing. I guess I still do that thing all these years later. You've collected how many cars at this point? Oh, so the lot.

The height it was around, and this was, I try not to count because that's the first step in admitting there's a problem. But the height is around 40, and now I've had a little bit of an exodus. So I'm around 20 right now, which feels much more. manageable. Yeah. I mean, that's normal, right? About 20? But I see you got a garage. Yeah. It has a lift. Like, is this a custom built garage or what's... No. So, my

old garage that I just moved out of, we added on to the back. But I'm not living there anymore. I live in a hangar which has a condo attached to it and we moved the lift over. But yeah, Benpack was kind enough to send me that lift and it's been the background of my

videos for years. But yeah, it's on... The cars swing on this crazy cable system that it looks really cool for background of videos. It's their most intricate, complicated lift other than like a triple stacker. So how did you evolve growing this, this car collection from that Mercedes? Did you just take the money that you were making from YouTube and reinvest into buying more cars? Yeah, yeah, and took all the debt that I could. So I'm showing more income from YouTube and that justifies me to be able to get a bigger loan on something else. And I think the next one was a Bentley Continental GT that I didn't know until it showed up. It spent 10 years in Russia and its

odometer rolled back twice. So yeah, that was another $30,000 loan, I think. I'm sure the credit union that gave me all these loans that I'm admitting to this now are not thrilled. But yeah, yeah, Ferrari 355 was the next step. That's the one that burned to the ground shortly after I bought it. What happened? It had a fuel line let loose. This was a recall. with Ferrari that was 15 plus years old when they started, I think, initiating this recall. Wasn't done on my car yet. And I thought, well, it's been fine for this long. I'll wait until I'm doing some service work with it. I want to take it to Monterey Car Week. I shipped it out to California to a friend. He was driving at the fuel line popped loose. It hit a spark and burned to

the ground. So what happens in a case like that when a car burns down? Insurance is rights a check? Right. I did not have agreed value insurance. So I had to go tango with with them at the time to get an agreed value. So they were pulling up the cheapest accident history Ferraris ever. And then I was pulling the nicest ones with the most obscene, ridiculous prices. And we met in the middle somewhere. Yeah, it worked out fine. I got more than what I paid for the car. Gosh. And what was the story with the Bentley? The Bentley? I, well, so yeah, it was sold at a car auction in Chicago, completely misrepresented as, you know, 40,000 miles. and I didn't look where it said exported to Finland, I think.

I think I saw that, but didn't put it together. But Finland is like the filter to get something into Russia. And then Russia, it's the Wild West. They have all the hacks. It's a Volkswagen-based car to where they could roll back the odometer when it came time to sell. This is commonplace in Russia. You just roll back the odometer to a few thousand more miles than when you bought it and then sell it. And the next person does the same thing.

So before you know, this Bentley is showing 40,000. miles it has 150,000 miles on it. And it's really terrible Russian roads. And it just showed up barely running. Motors, toast, the suspension's toast. Everything's ruined. And there was no saving it. I sold it to Freddie, I think, and he put a motor in it and saved it.

But he's much more of a wrench than me. So I have to pay mechanics to do this. I'm not as hands-on as he is. So it didn't make any... Well, it doesn't make sense for Freddie either with his time, but other than YouTube videos. but I can't like just work for free on it because I'm terrible. How much did you lose in the car? Not bad, that's 15 grand.

Okay. No, it was bad. Yeah. Yeah. But you know what? Before we go into that, this section is sponsored by the Rangeover Sport, because as I'm sure you guys have seen, I'm a huge car fanatic.

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and just being able to say that is such a huge honor because growing up, I was a huge fan of their cars, and now being able to be sponsored by them, it's a dream come true. So thank you so much for making this a reality. Really appreciate it. And now, let's get back to the podcast. So what are, because we were discussing the really bad financial decisions and or mistakes that you've made. Right. What are some of the worst ones?

That one was definitely up there. But the funny thing about YouTube and where this completely changed because I would buy a terrible car, my car dealership, I'd lose all this money. But if I buy a terrible car for YouTube, I show up as totally misrepresented, like a Chrysler-Labaron, for instance, that the guy said that it had no rust and I could put my fist through the holes in the floor and add rust on every panel.

I can make YouTube videos out of it so bad becomes good. So I got so mad at this car. I dug a hole. I buried it. In a year, I dug the car up to see if it would start again. And it started.

No way. And I get millions of views out of this. And then the bad turns into good. So if it's a terrible car, then I win. If it's a good car, then I win. Where did you get the idea to just bury a car for a year? And did you know that you were going to dig it up in a year when you initially buried it?

I knew I was going to bury in a year. But this was just like, what the heck do I do with this thing? Because it is worthless. It is unsellable. And I thought, I'll dig a hole. I'll take a hole. I'm going to bury this thing. Yeah.

How do you have the space to vary the car? So my mechanic has a large property. And I just hired a guy at the backhoe, came out, dug the hole, drove the car in there, and forgot about it. Then we brought it back up. the thing started. That was the incredible part. The electronics came alive, the radio came alive. The car was completely pancakeed

from the earth. The suspension had collapsed from tons and tons of earth sitting on it. Windshield collapsed. It was a convertible. The top had collapsed. So the car looked like a pancake, but the motor turned over and started. How deep was the car underground? Ten feet.

Ten feet. Why does it need to be ten feet? I didn't. I wasn't supervising the entire whole digging process. and when I showed up to see the hole, just how deep it was. 10 feet from the bottom of the car? No. Or 10 feet from the roof.

Yeah. 10 feet, which was deep. These guys were used to digging foundations, I guess, so they just thought, oh, we'll dig a hole. Yeah, it was, it was. I thought it would be like this far underground. No. Do this with your hands.

No, it was more than six feet under. It was more than a grave. Oh, my gosh. Yeah. And the next one was a reindeer, drove it in there, and we had record rain. so it turned into a pond and the whole thing was just a swamp

because the car didn't collapse because it was more structurally stable we pulled it out and it was disgusting no hope of it ever starting yeah so what do you do in that case oh it just bury it again it turns on a couple years later just threw it away

yeah that was it like how do you throw away a car oh you just haul a scrapper comes hauled off that was aluminum body so it's worth a few hundred bucks in scrap yeah a few hundred dollars yeah that's wild so those are some of the worst financial mistakes that you've made with regards to cars?

I just, there's just so many. I don't like it. What's the junkiest car you have ever bought in? There's, there's plenty. There was one where it was a Subaru Baja. That's a pretty cool turbos with like a W.R.X motor, but it had a little truck bed in the back. So it was a turbo, WRX, little pickup truck thing they made in the mid-2000s.

And I thought I had stole it buying it side and seen from an auction for, oh, I don't know, I think it was about 10 grand. and it was rusted. Like we put it up on the lift. You know, there's four spots that you put on the acre point for the car to sit on the list. And this thing was flexing so much and digging into the floors. And then we realized that one of the arms wasn't even holding the car because the car was just structurally just bending in with the lift and like about to just fall and kill us as

we're looking underneath it. And yeah, I had to junk that. There's just so many instances because it's fun for me to buy. car side unseen because of that experience where I don't do any of this due diligence. You're like, okay, let's just let's just see what it is. And some, you know, I could get lucky. I mean, it's about a coin flip. You ever buy cars side unseen and then they show up and they're way better? Yes.

And you thought that happens. Yes. I'm counting on it being an absolute turd and it's not. But like what percentage is it what you expect versus way better than you expect versus way worse? It's about a coin flip of being surprised in a bad way or good way. Yeah. Now what about some of the more large car purchases that you've been making lately? I know the SLR has been one of them. Yes. Was there a Z8 or no? A Z8? Yeah. Yes. The SLS. The SLS.

Done quite a few high-end cars that I've seen. So the first, I mean, there's been a few, but yeah, I got into the six figures. Really the first time was with the Diablo and the Kuntosh. Two Lamborghinis on the same day. And, and the same day. the same seller. And he was a neurosurgeon and got into tanks. He was opening a tank museum. But every time he got depressed, he was a single guy he would buy an exotic car. He quit doing that and started buying tanks. So he wanted more tanks. He was selling Lamborghinis.

He wanted for what he paid for them eight years ago, which was way less than what they're worth now. It was $250,000 for both cars, a $809.0.25th and a 97 Diablo VT Roadster. and so 125 a car I made videos on it the guy lives on a dirt road just a few miles from me I had no idea these cars were there and it was every dime

that I had basically shaking myself upside down at the time but I knew I had to buy these things and this was just lucking into it from one from he knew I was a YouTuber buying exotic cars and two my mechanic

had worked on the Diablo once and I bought that I was able to hang on to the Diablo for a year I sold it for almost $300,000 So I made money and I have a free Kuntosh. Last time I turned down Kuntosh was $450,000. So that's the best deal I've ever made. I'll never top that for a car deal ever.

That's the one in a million moonshot where a hundred other cars where I've lost thousands. That's the one that'll make up for it. Why didn't you just take this to an auction or sell it through cars and bids? It was an impulsive thing. I mean, cars and bids wasn't around quite good. But it was an impulsive thing where like, I don't want to sell this right now. who can who can buy it and it was just me and i knew this was so crazy and i just agreed to his price

um that like he had he had moved two years ago and was still in boxes and he's like i'm not sure where the titles are maybe you come back i'm like well this one needs a battery so that'll give you time to look so i can it's like i was not leaving without him shot because like the next day he could call and shop this and it would be over and i just i knew i had to get the cars i had to get a check in his hand and like get out. And so it was just just that impulse, his impulsive just and me determined to get the cars out of there immediately. It was where I just lucked into it.

How do you buy a tank though? That's the thing. Yeah, he's, he's opened this museum in Kansas and it's really cool. What's the museum? It's a tank museum. It's called the tank museum? What was this guy do again? He's a neurosurgeon. He's very cool.

But he had two kuntasas there, Testerosa. The next kuntashi did sell to Marian. of curated. And it was the same 89.25th. I think he's older for around 400 or 450. So he did. He didn't do it again. Oh my gosh.

What's it like to drive a kuntosh? Well, I wish I was about two inches shorter. That's the thing. I call it Lambo Yoga getting into it. But once you're in, it's incredible. That noise with the V12 behind you. And it's very old school analog, but handles very well, shifts very well. Like a difference between that and the Ferrari.

like an old Ferrari, it needs to warm up. The gears kind of crunch, like in a testarosa, and it feels a lot more old. The kuntage is just an experience. There's nothing like it, but it's just old school, but very modern feeling at the same time. Do you take on loans to buy these cars?

How do you... Oh, I had... That was the first time where I was able to stroke a check and pay cash, but I've done every single type of car loan. Like on the Z8, I did a lease with Putnam to see what that would be, like and, you know, obviously I've ended up when I could. I paid it off. But every sign,

because I thought, okay, if I can get this car, then I'll make videos and it'll pay for it. And it just turned to at one point at my height, I think I had, I think I had five car loans at one point, at my height of stupidity. What's the maximum amount of loans that could give you on these cars? So like the credit unions had limits. The Putnam leasing, there's no limits, but they, they structure it to where you you put down a decent town payment to where if they had a repo, then you're covered, or they're covered. But yeah, everywhere I could, I was grabbing for financing to just, because I saw when I would get something special and exotic that, you know, my subscribers would jump, my views would jump,

like the Rolls Royce Phantom was another big moment for me. And I, yeah, buying that from the Chicago dealer and, yeah, getting, that was a $80,000 car, which was the cheapest Rolls Royce Phantom in the country at the time, which, It was a almost $500,000 car new. So that's a huge depreciation and the experience of that in owning. And I saw that it worked and then I could go through that for a year and then sell it and go to the next one, hopefully not lose too much money. And it actually worked.

But at that peak, when I got the Phantom, all that stuff, that was like, man, I wish I could go on Dave Ramsey and just have him lose his mind with these five car loans and combined of, you know, over 10 grand a month in car loans, you know, just to see him just smoke from his ears. What did you sell the Rolls Royce for? Cars and Bids, 6969, bought it for $82,000. Are you serious? That's it? You fixed it up? You put money in the car? Yeah, I mean, not too much. Why so little? That was, it was fine. I mean, I had sponsors and videos, of course, in the ad revenue. And then Doug was starting his new cars and bid, so he was kicking a little money for me to take the chance and things, as far as me promoting it and things. So it's, so it. It all shook out, fine. Still, a buyer walked away with a $300,000 car for $69 grand.

Yeah, and then he traded it in for something else a few months later. And, yeah, I think it's changed. He has two or three more times since then. Oh, my gosh. What's been your favorite car to drive and own? Probably between the Z-8 and the SLS AMG. Two very different mechanical feelings, but they're both kind of throwback classic-looking, the BMW after the old five

the SLS after the goal wing but the SLS has that naturally aspirated V8 and a dual clutch The Z8 has the naturally aspirated V8 but it's more of a classic feeling with the individual throttle bodies and that six speed manual so it's more of like a classic feeling experience so I love going back and forth

between those two probably. If you had to pick one what would you pick? SLS I'd use that a lot more See that for me is one of my dream cars I'm part of it's rubbing it in a little bit so because I know you don't have it, because I really wanted a Ford GT

and I missed the boat, which you didn't. So I'm going to rub my SLS in your face because you can rub the 4GT, yeah. For the average car buyer, let's say the average viewer of this channel. Okay. Maybe they got like a few grand, maybe 10 grand, and they want to buy a car. They're maybe getting to be a car buff.

Like enthusiast car for 10 grand? Or somewhere around that price range, what type of car would you recommend? You shouldn't ever take my advice, first of all. But I guess if I was giving good advice, probably Miata is always the answer. I was about to say Miata. That's what's a

Sensor M-I-A-A-A-O- Yeah, that's a great pick right there Jackpotting. Yeah, that's a fantastic choice. And I love American, so like a 98 to 2002 Pontiac Tranzaam or Camaro. That's the birth of the LS motor. And it's a nice modern-feeling, driving car, good handling. C-5 Corvette. The Mustangs of that price point aren't very good.

And then you can go into some BMWs and not into it. much trouble. I like the 2000s M3s. Yeah, but those are way out of 10 grand nowadays. Yeah, yeah, true. So you'd have to, you'd have to get like a 330 with, you know, like a normal, not an M car of that E46 platform would be in that price range and definitely doable. Yeah. Yeah. When Jack was looking at me on, I was trying to talk him into a lotus Elise. Yeah, but that's like not even close to the same price. But you get the money back, Jack. Like I was telling Graham, like, yeah, Graham, I've got a few grand. I want to toss it into a car. I'm. I'm going to toss it into a car. I'm. I'm not. I'm going to talk it into a car. I. looking for something very fun, very sporty. And I wanted a Miata. I think it's a great car. Also, one thing that I appreciate about Miata's is, I think because they made so many of them, their price trails, all of the other JDM cars that have just gone crazy in price. At least I think it's because there are so many of them.

And S-2000, they totally blew up. But yeah, there's so many Miata's on the road. But why do the JDM cars specific, like all of those, like the sportier cars, they just go crazy in value? But the Miata always trails. Well, they're still making the Miata. There's so many of them. They quit making the S-2000. They quit making the MR2.

They quit making a lot of these, you know, the Mitsubishi quit making cars. So there's this big gap in what we have today from JDM and what we have back then with the Integris and stuff. Because there's so much, like, what's accurate today? Obviously, the new Integris awesome, but it's not the same thing. It's, yeah. And I don't know if I would love a Lotus. To be honest, I get so worried. Tell me if you suffer from this exact same thing, not suffer.

but you experience the same thing. When you drive a nice car, I, like, I'm just consistently worried that a rock is going to get spit up and hit the windshield. It's going to chip some paint on the hood. Does that still worry you at all? Because I've asked a lot of other car buffs this and they're like, well, at this point, it doesn't bother me. You buy a car to drive it. Oh, I regret that the kuntage has become sort of, because I wasn't buying cars for investment kind of guy. So the kuntage now scares me because it's worth too much money.

But usually not. I hit a mirror in my Ferrari 599, and it just exploded on the bumper and chipped it all up, and I kind of laughed it off. But, yeah, you know, Lotus, lots of trouble usually serious. That's the L-O-T-U-S. So, but those, like I said, the Toyota engines and them, but, yeah, Miat is awesome. They're awesome. Yeah.

What was your experience with the Tesla Roadster? Oh, so I drove it years ago. I really enjoyed it. I just couldn't believe when I researched it, how. a lot of people say, hey, it's just a electric, Lotus Elise with batteries in. But, I mean, it was so, he might as well

have started, I think he said it, with his own car designing it from the ground up because it's so little left, like the firewall and the windshield frame, and that's about it, because the proportions are different, everything's different, and yeah, I've never experienced a car like that as far as the driving experience and things.

Yeah, it's really cool, definitely. What was your least favorite part about that car? I mean, probably the, you know, the soul of it, you know, where I'm used to hearing and feeling and all that. And it's just, it's just too good at acceleration. It's too good at handling where it's just like, where's, where's the personality, I guess. That's where I sort of lost it a little bit. I wonder, as cars continue to evolve and get better, will there be a certain point like you just mentioned, where all of the supercars are effectively the same? Because I feel like at some point,

physics will take place and a car literally cannot do zero to 60 faster, or it becomes just a missile that you're basically stepping into and it's a huge day, like a super dangerous thing, and the government's going to have to step in and regulate it. Won't there be a period of time where all of those upper echelon cars get too perfect where they're all effectively the same thing? I think so. It's all a race to basically a thousand horsepower hybrid that goes to zero 60 in two seconds. I think that's all eventually and that'll be pretty much the end of it, limit of tires.

everything else and they'll all be the same until whatever the future is. I'm still not sure if it's going to be totally electric. Do you not think it's going to be totally electric? I do. I feel like so many manufacturers are just going to go that route because of instant torque, less maintenance on the car. It seems like all the states, or a lot of states are really pushing for electric only. It seems to be the future. I mean, there's synthetic fuels. There's other kind of fuels that could pop up to where you still have this ability to have a long range and be able to fill up your car quickly. And that's the thing, like in Texas, you go to Buckees or whatever. That's how every gas station across the country would have to be right now for people to plug in and charge

their cars is hundreds and hundreds of base just because it takes 45 minutes. So whenever there's that jump in battery technology, I don't know how that will happen where we can get a car charged up in 20 minutes and be able to go 500 miles. I'm sure it'll happen, but there's other ways of doing it. I think the synthetic fuels is one that seems really interesting that it's not talked about, that I'm not that first on to really speak on as an expert. Yeah, I think for me the biggest drawback is not having a true 500 mile range on a Tesla. Because what they say and what you actually get are two totally different things. Mine, I think, has a range of 220. I'd be lucky to get like 140?

That's the big problem. I had the issues with the Tesla's where I bought the older ones and the batteries fail as well. I've been in that twice now and it does sort of toll the car. So in 10 years, battery fails, the car is worth less than what the battery placement is. It's just thrown away. And that's the other thing that I really don't like about them. Now, I've seen, though, where they could replace the individual cells. Dear Canadian exporters, our ambitions, our ideas, and our potential,

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Together, let's give it to them. Visit edc.ca to learn more. On the battery. And that's very, I don't want to say inexpensive, but it's way less expensive than replacing the entire battery. I did go that route with the last Tesla that I had that failed. But it was, the car was down for months to do it. And it was, you know, obviously Tesla really frowned upon that.

And they just want to completely replace the whole packs. Right. But yeah, the individual sales go bad and then they fix it and they warranty it for another year or two. But then in a year or two, when it's the next little bit of sales that go bad, then you're doing it again. It's a constant thing. Sure. Yeah.

So what's been the most expensive car to maintain from your experience? We were talking about the Jaja Gabor Slap thing, those mineral oil bentleys. I've had a few of those, and they are pretty obscene. The one that was incredible was the 2001 Azur

that was originally owned by Jean-Claude Van Dam. And it was about 500 grand new. I bought it for 25 grand. But it's a very constant maintenance thing. And looking through the records of it before, like, the top failure, if it would quit work,

like twice and it was over $8,000 each time to fix the top just with the complicated electronics of it and those cars are pretty hardcore yeah have you ever heard of the fisker tramonto no no there's a fiscler karma that sold today barrett jackson for 21 grand 21 grand yes yes with 30 000 miles and nice what's happening with those cars why are they so there's you know they went bankrupt that that initial iteration of fisker where it was sort of a hybrid with a Chevy Ecotech turbo in it. And now they're back as electric, I believe, but the same body.

But that early version, it's just nobody knows what to do with them. My understanding is that parts are somewhat hard to come by and they're not reliable. A lot of them had mechanical issues. Some of them would burst into flames. Yeah, I think that's right. So you have a small chance of that.

I don't know how many actually burst into flames. Oh, I feel like... Enough for them to go bankrupt, Jack. I feel like a couple. And then the media outlets just love to talk about it. talk about. Because one media outlet, like, posted an article or something on it,

and everyone was talking about it because Justin Bieber was driving a fiscal problem. So then the next time it happened, like, everybody just jumped on it. BMWs had their big fire problems more recently, or Ferrari, when the 458 came out, they had that glued that didn't bond very well on that, and then it would melt on the exhaust

and catch fire and burn the cars to the ground. So it's not uncommon, but yeah, it's how it's handled, I suppose, as far as the automakers and things. BMW, I think they just buried their head in the sand, and Ferrari was, well we'll fix it give everybody new cars and things but so would you buy a fiscar karma for 21 grand

I really wanted to just to see what that experience would be like why can't you see 21 grand it'd be like 22 215 I stood there and I thought about it and I thought well I'm meeting Graham for dinner so if I do that then this is going to slow me down so that's why I didn't tonight no that's actually why you didn't don't tell me that are you serious you would have bit on the car otherwise come on no there's other fish in the sea man I wanted to see

I wanted to have dinner. It was a lovely Italian. I really appreciate it, yeah. But it's a fiscker. The fisc is a karma. I know. I've seen them sell that. You've got 21 grand. I've seen them sell that cheap before, but not with that low of mileage than one that looked that nice. Yeah. For your cars, do they have a reserve? Or is it just whatever? Every single car there is no reserve. So I suppose someone could come bid $1,000 and end up with my Shelby, but it won't happen. But yeah, it's totally no reserve. So how do you market for this? Like, what if hypothetically you're there and the car is, at auction and someone's going to the bathroom, just like misses it.

Well, hopefully there's more than two people in the room that want the car. But the thing about so in my case, I'm selling four cars. They automatically give you a bidders badge. So everybody there selling a car has a bidders badge. A lot of them are car

dealers. So they'll watch and they'll see an opportunity where you rarely see something go below what a dealer wholesale would be because a dealer will see this and say, ah, I can make money on it, I can buy it. So there's never a situation where cars worth $100,000 and it goes for $10,000. She goes, there's plenty of dealers in the room that know the market, and then they come in and buy it. So the risk is a little lower in that sense. Same like what Doug DeMiro would say on cars and bids.

It's the same thing. You get more interest in a no reserve car. You have more dealers watching because, hey, maybe I'll be able to get it for a wholesale price. So you know you're going to at least get that. Is there a study of how much more you get with no reserve? I don't know. It makes it much more compelling auction environment and what makes Barrett Jackson so much different than anything else. You go to, say, Monterey Car Week. There's all these incredible vehicles, but they're all mostly reserved cars. And then it's just air out of the room when this big car comes up for sales, say like a McLaren F1 and it's supposed to sell for $15, $20 million, and it doesn't meet reserve and it doesn't sell. And everybody's in the room, what did I come here for? And so Meekam auctions

is the big competitor to Barrett Jackson, and most of the cars there are reserved cars. And you watch the TV coverage and it's really hard to watch in my opinion because they'll be working the room trying to get bidders trying to get people to bid to bid it up to the seller's reserve where at barrett jackson so much more you know a rhythm environment which car gets two or three minutes versus you know trying to beat up a seller to get them to lift or the reserve in person or getting someone to bid interesting let's talk a yeah who are you going to ask oh i was going to say we got to get you to buy the fisc or tromato it's on uh bring a trailer I didn't even know this car existed.

Fisker was doing coach building after he designed the Aston Martin, the X5, a lot of these great cars. And he did coach building. So what he did is he took an S.L Mercedes and then put Fisker touches on it. So he redesigned the entire car. Oh, hello. And I'm looking at pictures now. Yeah, that's it. Okay.

So I had no idea that car exists. You was selling those cars for about $300,000. Okay. Do you believe it? There's only 15 of them in existence. And this is one of his first ever cars. It's on Bring a Trailer. Right now the top bit is $29,000.

Wow. The interior is screwed. And the power train's Mercedes? It's Mercedes. It's an SL, I think it's an SL 500 Mercedes underneath it all, but its whole custom. Interesting. And so I kind of thought, man, if this sells for like $30,000, to say you bought one of Fiskers

one of 15 cars for 30 grand could be kind of cool I'm just saying it might be interesting for you too Just because it's rare doesn't mean it's valuable though

because that's the one car I did buy so far at Bear Jackson and Vegas was a HHR Chevy panel with the SS it's an SS package so I don't know if you know any of this but basically

Chevy came out with a PT cruiser competitor called the HHR and they made it a panel with no rear windows so people could use it as a work fan. And somehow they optioned it, or you could option with the SS, so you get the hot turbo four cylinder and all that. So the body kit, the wheels and all that stuff.

But nobody would take a work fan and make it the SS, except 200 people. And that's how many of these cars exist. And I got one of them. It has 200,000 miles on. I got it for $6,000. That's my pickup of the auction. Yeah, and I'm thrilled.

Yeah. Oh, my gosh. Let's talk about the logistics of owning 20 cars. And you also said at one point you owned 40. So when you owned 40 cars, what were the monthly costs on that? Like, I'm sure you have maintenance coming up every single couple of days. Something's wrong with one of the cars. They're all broken, yeah.

They're all broken. They're all broken? Yeah, mostly, yes, it was a revolving door. You have a full-time mechanic, like a personal mechanic? That would have been very smart to hire the car wizard and just pay him as staff salary. But no, he opened up his own shop and I pay his rate and all that. on YouTube channel called the car wizard he's fantastic but yes it is literally a slave to your things is what I am I am a total slave running them around to get things fixed all the time if

YouTube didn't exist it wouldn't make any sense because that's all I mean that's really all I do is run the cars around to make sure they still live see that makes sense I would be so concerned because even nowadays like I try to be somewhat minimalist with like as far as the the things that I own because I know that the more things I own the more responsibilities I have yeah and I have two cars right now. I have a 2005 Lexus, RX-330, and my Miata, 2000-S-E-Miata. And between those two cars, I feel like I'm constantly having to go do stuff, get new tires, fix the windshield wipers, the oil changes, stuff like that. So between 40 cars and insurance and everything as well on top of it. You bundle with all that. You know, the collector car policies are pretty

reasonable. So that's under $20,000 a year right now, the insurance. It's not bad. So for, you know, multi-million dollar car collection that's you know that's not too bad but the uh yeah the maintenance it can easily be 10 to 20 thousand dollars a month is what i'm 10 to 20 thousand dollars a month yes what's the total value of your car collection uh now probably around two million at the height maybe about yeah double that yeah yeah so you're selling up cars is it because you don't want to have so many cars you want to thin out your collection a little bit uh uh you you're you're selling you Yeah, it's some personal issues that I'm going through that I haven't talked about on my YouTube channel, but everybody's guests, sort of right. But yeah, and I just, you know, I'm, I need to buy a house at some point.

I'm wanting to build my dream sort of barn garage down a few acres and things. So I'm still sort of hunting that down at this point. And just finally, hey, maybe I'll have some money in the bank for once in my life. But probably not. Tomorrow, that's the thing. Car dealers are all there. Not only are they there to buy wholesale, but they sell these cars. And then you have this money in your pocket from selling your cars that you can use sort of as in-store credit to buy something else.

So the last time I sold cars at Barrett-Jackson, I sold five. And when was a Super Bird, came out with a couple hundred thousand dollars, but never saw the check. I actually wrote Barrett Jackson, a check because I ended up buying three cars from the auction. One of them, yes, I sell McLaren. So I see these cars. So the cars that you bought gain in value, did they appreciate? SLR. SLR did, yes, yes.

So I did find, yeah, with the SLR and the Mibok was such an amazing pickup and be able to go and do J. Lionel's garage with that car and all those things. So it was a great experience. But yeah, that just shows how much for crackhead I am where I was, a check would have been coming. And same with a lot of car dealers there. You have, you can wait two, three weeks to get a check from Barrett Jackson or you can spend it right now on something else there. Yeah. So is it compulsive?

Is it like an addiction? Yes, yes. Really? Yes, yes. I feel like I've mellowed a little bit because I've gone through pretty much every, a lot of cards that I've always wanted to own. And now I've sort of hit this threshold where the next things I want are like a Ford GT, but I can't afford a 4GD. I can't. Like that's the next level.

I know, I know. You could just do that. But then what's the guy driving around 4GT and making videos? That doesn't make any sense. It's not a good YouTube. Yeah, the economics of it doesn't make sense. Buying a 300 SEL goal wing, which is my ultimate dream car for $2 million.

Yeah, no. What is that? How would YouTube ever pay for that? But I guess Tavarish with the McLaren P.1's proving us wrong on that. But I need to dunk one in the ocean, a hurricane or something, and then buy it, yeah. So you go when you buy these cars and you get this like exhilaration, right? As soon as you buy them, you're very excited. How long does that honeymoon period last?

It's like two weeks that you're super pumped on the car and then all the stuff. sudden it's just like sits in your lot? The crackhead comparisons are coming. So yeah, the, yeah, I think you're about right. You got it. It's about two weeks. Yeah, I think so before I'm shopping again. Just one more. I swear, just one more. Yeah. I mean, yeah, to own 40 cars. There's got to be something going on there. Yeah. Thank you. Yes. Okay. Compulsion combined with some hoarder tendencies for coot- Sure. I mean, I guess... Hoop-dies.

I'm self-aware of it. Is that admitting there's a problem is the first step? Right, that's the first step. But I've been admitting to this problem for six, seven years, so I haven't progressed yet. It sounds like you're content with it. Yeah, very much. See, if I had the garage space, I could be similar to that with cars. Oh, you're so disciplined.

Are you should... No. No, he certainly wouldn't. Yeah, he would get overwhelmed with the amount of maintenance between a car. Like, you wouldn't want to spend your time fixing all the cars. Oh, no, but a lot of the cars you could get don't need that sort of maintenance. The Ford is easy maintenance. The Lotus is easy maintenance.

You are wired so differently from me because when I bought my 66 Shelby, I was selling my old 66 Mustang. You were interested in it. I remember. It was a very long process of consideration and questions and follow up questions and let me think on it and let me run the numbers and all this stuff. Where I would have been like, yes. Just thing, anything, yes. where yours was a, you eventually didn't buy it.

It was fine. It was fun talking to you and all that stuff since you're a friend and everything. But, you know, you would go on a car lot and drive a normal car salesman absolutely insane. Yeah.

Every time, like, I'll get random texts from Gramm. He's like, hey, man, what do you think about this? And he links me to an auction on a certain car. He's like, I'm thinking about going to know. You want to come over and we can watch it together

and I had so much fun doing that. And we used to do that. Like back when I lived with him in Santa Monica, he would come down to me of the time. It just constantly be placing bids on all these cars and freaking out the entire time. And, uh, like, there are so many cars you put bids on, you didn't end up getting. Who? Yeah, but you know what? You said a limit. Set a limit. But you would exceed, like, you would flip, we would flip coins. Yeah, and he'd be like, oh, and he'd be like, should I go over?

Flip like your heads. I'll go. All right. Let's go higher. One more. I'll flip one more time. Because then it was meant to be. And if it was tails, it wasn't meant to be. I'll leave it to fate. If fate has determined, it's not meant to be. It is always meant to be with me. It is always meant to be with me. That's... You don't flip a coin. You should try. No. You should try flipping a coin. Or I could just have dinner reservations with you, and that stops me from buying a car, apparently. Yeah.

If I had an extra garage spot, the SLS, AMG would be my top spot, or the Superformance GT2, GZ40. Okay. Yeah. Yeah. I've driven one of those. It's the MK, MK2. Yeah. Yeah. Fantastic. Yeah. And there's one right now and bring a trailer. But see, I set a limit as like, okay, here's a price where I just can't say no to it. Need a vehicle that isn't afraid to make a splash?

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And that, you know, whatever that price is, I'll bid up until that amount, because then I can't say no. You get that car at that price. It's a good deal. You have to take it. But in fairness, the price that Graham can't say no to is like 60% of the price that the average person can't be no to.

Lower than wholesale where a dealer would say, I can buy this to make 10, 20, grids. And it's on a public auction like bring a trailer where that would never ever happen. So yes, he's constantly texting you like, oh, I really want this car. But you never know. Yeah. I think it's the same thing with real estate. Like every now and then someone throws out an offer and the seller takes it.

It's just a numbers game. Well, that's the ad bullion method. So he won't go to auctions. He will seek out a car for sale, normal advertised price. And he will just throw low balls out. throw a hundred little balls out and then the one that'll bite. And that's where he ends up with amazing cars. Crazy cars, yeah.

Let's talk about driving all these very, very fancy cars that are mechanically maybe unstable. Okay. You've ever had really interesting situations while you're driving, like maybe something gave out, or you ever crash maybe one of these very fancy cars you drive? Um, yes, I have blown a few motors. on 9-11s. That's one of my early YouTube projects where I blew my 9-11 on the track, and then Ellis swapped it, took it out on the track, immediately blew that first Ellis motor, and then swapped it again. How do you just blow a motor?

Well, the first one had 238,000 miles, and it was saying that it had low oil pressure, and I thought the gauge was broken, but it had low well pressure. And what happens when you blow a motor? Did you floor it or something? It makes all these fun noises. And yeah, it just, yeah, I just really grenaded. I was actually, was I chasing down a Miata, I think, in my 9-11. I was like, there's no way a Miata's going to beat me. I'm going to chasing it down.

The thing's giving me all these warnings of bad things are happening. You don't know what the Miata is me. I'm like, no, this Miata's not beast of me. I'm a Porsche. What happened? Kaboomsky. Yeah. Miata wins.

Oh, Miata's always the answer is. Okay, so you LS swapped it, right? Elswapped it. And then what happened there? So the motors mounted backwards. And, you know, maybe an Alasna Corvette is mounted this way. And now the motor's facing the other direction. So when you're accelerating, there's nothing.

stopping the oil from starving the bottom end on that end because it's designed for the gravity when you accelerate to pull it back and now I had it opposite. So it was starving the oil on that part of the engine fried it and blew it. I needed to change the oil pan, modify it to make that not do it again for the next one. So you L.S swapped it again? Yes. And then you made the final issue. You corrected the issue. I am maybe $70,000 into this 99 Porsche. with bad paint 240,000, 50,000 miles on it that's maybe worth 15.

You think you could take my Miata now? Oh, yes, yes. I'd smoke you. I'd blow the motor too. Oh my gosh. All right. Yeah. So you blew the motor on this car twice.

Twice. Okay, any other incidents? Oh, plenty. The most recent one was I picked up the 68 charger that I'm selling at Bear Jackson in Miami and thought it'd be a good idea to try and drive it back to Kansas

on tires that were 30-something years old. Massive blowout on the side of the road. 30-year-old tires. Yeah, they were a little... So what do they even look like? They were very old. Very stiff, I'd imagine.

Very stiff. So they... So I drove it on the highway for the first hour, and then I stopped for gas, and I looked at them, and the cords had ripped where it was bulging like that. It looked like an old car tire from the 20s or whatever. I was like, that doesn't look right. Maybe I should...

No, I'll just keep driving. And, yeah, it just exploded that. Thankfully, didn't damage the car, but then I'm stuck on the side of the road and middle nowhere, Florida for hours. So that was a recent one. But yeah, there's, I'm on the side of the road about once a month. It's normal. Once a month? Yeah, I have a first name. I would call.

Very familiar with the towing companies. Yeah, so he's named Dennis. He looks a bit like Jeremy Clarkson, actually. Wow. And, yeah, I call him up and say, Dennis, and, oh, where are you? And I just, I gave up on roadside assistance. Like, AAA sent me a letter thinking that I was defrauding them. because it's AAA common roadside assistance company

because of all the toes that I needed. You must be doing this for purposes other than driving your cars. Like you're using it to have cars delivered. You're pretending they're broken. There's no way you're doing this honestly. And I sent them a very detailed letter explaining like everything that broke for every single incident, but they go away.

Yeah. We had a situation a long time ago. A Prius, it broke down in between Las Vegas and Los Angeles. And we broke down, I think, 100 miles away. So we were 200 and something miles from Los Angeles

where I was going. This is when I still lived in Los Angeles at the time. But my AAA would only get us, I think, like halfway there. Oh, yeah. And the cost per mile was so high. And this is an old Prius.

It wasn't worth that much. And so the cost of towing, I believe, was worth about as much as the car was. And the way we got around that was that I had the car towed 100 miles. And then my friend who I was with called his AAA and then got the car towed another hundred miles. Perfect.

And then I think at that point we were within like five miles of the mechanic. So saved it. What was broken? Strut. Oh, okay. Yeah. So when I was driving on the freeway, I heard a pop, pop, pop, pop, pop, pop. And I was like, oh, that's kind of weird.

I'm going to keep going. to be careful and I kept going and then it started getting louder and then all of a sudden boom and just you feel the whole wheel go like this and you know pulled over to the side I thought it was a flat tire no but the whole strut gave out in the front I've blown a motor in a 2005 Prius really yes how are you racing a miata I made it look like the fast and furious supra so painted it orange yeah put the spoiler on it lowered it but the all the graphics on the side and the next logical thing because it's a fast-stivorous tribute is too do nitrous, put it on there.

But the way that the ignition cycle is on the Priuses, it didn't like it, and then it spun the wheels and kicked on the traction control, so that cut the power, but it was still feeding itself of nitrous. And most, I've blown up an engine error. There's pieces all over the side of the road.

The oil filter with the part of the block that it was attached to was on the floor. It grinded on the bottom of the car for a while, and then fell out the back, and I could see through the block. So, in summary, do not nitrous a Prius. Yeah, that was a fun one. How many engines or motors do you think you've blown? I don't know.

That's about 20. 20? Yeah, it would be good guess. You know what would be funny. But they still have wounded before. I'm not just like... Right, no, no, no, no, of course, of course, of course. By the, on cars and bids, there's a faux rari.

Oh, yes. The F50. With the, yeah, Fiero. I could see you get in that car and making great content on it. I want a fake kuntash to compare it to my kuntosh. Yeah. That would be a fantastic. You don't think that's too close? Like your subscribers

maybe can't really tell the difference between the two. That's the whole point. It's just, you know, because I'm a real kuntosh, probably the only real kuntosh owner with a fake one. And then just mess with people in that sense. I've wanted a replica Lamborghini for a long time. Ever since I was 16, I wanted

a replica. And I don't want to say, I got scammed. I definitely didn't. But there was this one website that was saying that they made this, like, replica mercilago. I think it was like in the Philippines or something like that. And they were like 20 grand for this car. And it looked identical to the real thing. Like, look the real thing.

You have no idea. And I was like, I was thinking to myself, this is me at 16, like, oh, man, if I could work like this and put it down payment, I get a loan, get this replica car and ship it to the United States. Like, this is perfect. Basically, you get a mercilago. for like 20, it's a good deal. It's weird to hear you being impulsive and stupid. Yeah.

But it turned out, I didn't do it. Okay. Way later on, I found out that this, what they do is they take real pictures of the real car, put it online, say it's a replica, take $1,000 deposits, and you never get the money back. That sounds about right. So that was it. I thought, hey, they're making good replicas look exactly. Like, you even see the engine bay and it looks like a real, like, V-12. Yeah.

There would be no way for that to get imported and all that. Yeah, they'd be impossible with the current regulation. I guess there's enough people out there that see that, like $20,000. Here's a thousand bucks. Because they said it was going to take like eight months to build it, and they showed like parts in a facility. And it's like, it's got to be real. No, it's a scam. So what are the plans for your future?

Well, like I said, I want to get a few acres to build my dream pole barn and to be able to fill. that up with cars and not be constricted in the space with garages. As far as the business side of things, I mean, I really haven't figured out anything new as far as like when I experiment on YouTube nowadays, I feel like I'm punished if I try and do something different. And so I think people like what I do already. And I just continue doing it. And I enjoy it. I mean, I've had a lot of, you know, different normal jobs. And this never has really felt like a job. Thank you so much for watching. Shout out on Balmurino.

Shout out, Tyler. Thanks for having me. Super nice for coming on the podcast. And until next time. Until next time. That was funny. Cool. Thanks so much.

I didn't realize it's already 10. Yes, sir.