0:00:00I'm an eager beaver today apparently I'm
0:00:03not drinking makers mark tonight
0:00:05what do you usually every night or when
0:00:08we record whatever record I think I have
0:00:11once or twice I wouldn't say usually so
0:00:13you're doing the show buzz and you
0:00:14haven't told us and you haven't given us
0:00:16the chance to get buzzed
0:00:17no no I just poured myself a glass of
0:00:19silver tree vodka which is this Easter
0:00:22tarik vodka out of a Colorado that my
0:00:24dad swears by and it is pretty damn
0:00:27smooth i have to say esoteric yeah it's
0:00:30odd
0:00:31it's different it's not mainstream now
0:00:33my hipster look at me go I'm not crazy
0:00:36about the term hipster because it seems
0:00:38like it's it's kind of like fanboy when
0:00:40he was like people say it to it i think
0:00:45what hipster means is that person is
0:00:49cool in a way that I'm not and I don't
0:00:51like that haha i guess that kind of what
0:00:53that means yeah i like to give out what
0:00:55hipster means no but I think once Eddie
0:00:57you know just like fanboy usually is
0:01:00like that somebody who defends the
0:01:03product that i didn't get that I
0:01:05probably wish I had that yeah like that
0:01:07yeah especially that if especially like
0:01:08that you know if I have some kind of
0:01:09doubt that I made the wrong choice but
0:01:11you know yeah I'd like to meet hipster
0:01:13is like those people are cool either in
0:01:16a way that I'm not or in a way that I
0:01:18don't really understand why people think
0:01:19that is cool i think that's fair John
0:01:22what's your definition I mean it's not
0:01:24the dictionary definition but what's
0:01:25your is there a dictionary definition i
0:01:28went to urbandictionary looking at off
0:01:29across the definition of hipster and our
0:01:32dictionary looks like it was written by
0:01:33hipster ha ha ha ok alright so anyway
0:01:40what marco was trying to get on you
0:01:42about is that it's esoteric not
0:01:44esoterics not a long e that's not even
0:01:46an alternative pronunciation will find
0:01:48then the well in that case then I am
0:01:50drunk
0:01:50even though I've had two sips of this
0:01:52drink that I poured five minutes ago you
0:01:54it was a possibility was an alternate
0:01:56pronunciations if we learned anything
0:01:57from correcting Glenn it's that a lot of
0:02:00words have alternate pronunciations that
0:02:02you've never heard but this is not one
0:02:04of them according to the OS 10
0:02:06dictionary
0:02:07good to know so any follow-up because i
0:02:11actually do not have any other than
0:02:13you guys disliking backing into parking
0:02:15spots nothing that we've ever said has
0:02:18been wrong
0:02:19now everything we've said had been
0:02:20correct and please email Marco and on
0:02:22that bombshell
0:02:24alright so i have a question for you
0:02:27Marco and uh and I'd like to hear John's
0:02:29two cents afterwards at why do you
0:02:31leased cars this is actually really a
0:02:33question I I i was hoping to talk about
0:02:36this soon
0:02:37I talked briefly in a few episodes back
0:02:40and I didn't really address it properly
0:02:43I've so I've done and energy before I've
0:02:45done all 3 i've i've bought like i
0:02:49financed a new car i bought aur I've
0:02:53owned a used cars but not for me but
0:02:56I've had a used car a new car that was
0:02:58financed and a new car that was leased
0:02:59and one of the biggest differences will
0:03:04get to maintenance in a bit one of the
0:03:05biggest differences about Elise is the
0:03:08level of ownership stress that you feel
0:03:10like for instance when it so the vehicle
0:03:14at least my 3-series when i first got it
0:03:18probably three it was like three or four
0:03:21months old and I i was in the department
0:03:24had had to park it outside and I even
0:03:26like I even bought a spot in a like a
0:03:29private lot to get keep it extra safe
0:03:31and you know off the main street parking
0:03:33and everything I wanted this thing to
0:03:34stay nice and and so something like four
0:03:39months after I got it I i noticed a
0:03:42scratch and some some dirty hand prints
0:03:47on the hood and what appears to have
0:03:51happened is that somebody was a bent
0:03:58over the front of my car and possibly
0:04:01the snap on their pants or a zipper or
0:04:04something made a nice s-shape scratch
0:04:07right on the front of the hood that is
0:04:10awful
0:04:11e and this was an area where we learned
0:04:14you know as I was writing this parking
0:04:16spot we would occasionally see like
0:04:18drunk teenagers hanging out there
0:04:20because it was it was kind of it was
0:04:22behind our building it was kind of like
0:04:23there were some dark areas nearby so
0:04:25turns out this is
0:04:27really not a great place to park your
0:04:28car so anyway few months old I got this
0:04:30this scratch that the handprints
0:04:32fortunately just washed off but scratch
0:04:34was there to remind me of what happened
0:04:36and it's still there and when when I had
0:04:41my accord you know besides the door
0:04:43getting back into and have to replace
0:04:44the whole panel on like there was one
0:04:47time where I noticed within the first
0:04:49year having the accord that there was
0:04:51like a slight like a slight scratch
0:04:53along with the rear quarter panel like
0:04:55it like that I'd like during past a
0:04:57stick on the road not seen or something
0:04:59like that like that kind of scratch and
0:05:01it really fine thin scratch and that I
0:05:04was so angry so here it was my first new
0:05:06car i was paying it off for the next
0:05:08five years and i knew that i was
0:05:11planning on having it for probably
0:05:12longer than that you know when you buy a
0:05:15new car and you come from a family of
0:05:16owning toyota's for four decades each or
0:05:20for about a decade each eat you tend to
0:05:23think that if you buy a new car you're
0:05:25probably gonna have it for like ten
0:05:26years so I took that so badly on the
0:05:30honda because i bought it and I and I
0:05:32was I was like I'm gonna have to stare
0:05:33at the scratch for 10 years
0:05:35thank you hope now but hold on now isn't
0:05:39it also after a while after you get over
0:05:41the fact that your pristine baby has
0:05:43been damaged
0:05:45is it not a little bit liberating though
0:05:47because at this point it's got a blemish
0:05:50so kind of whatever that applies in any
0:05:54case you had a car and no matter when
0:05:55you get a car no matter how you're
0:05:57paying for the matter how long you're
0:05:58gonna have it that first imperfection
0:06:01really really sucks like that hits you
0:06:03hard but when like when you know you're
0:06:07going to be owning this color forever to
0:06:09me I took those really hard and I was
0:06:11just so angry oh my god I'm gonna be I'm
0:06:13gonna have to deal with this for 10
0:06:14years or get it fixed it's not really
0:06:16worth getting fixed like stuff like that
0:06:18so with the lease though and with my
0:06:20with my hood sex scratch I I mean that's
0:06:25I that's my theory
0:06:27I don't have any evidence of that but
0:06:28sure that's exactly what I thought but I
0:06:30didn't wanna interrupt right i mean i
0:06:31think it's i think it's fairly obvious
0:06:33that so you know with that and with
0:06:38everything I have a few other minor
0:06:39scuffs
0:06:40invite you know various like it looks
0:06:42like somebody tried to enter my back
0:06:44passenger door with a key so there's
0:06:47like there's like a little scratch in
0:06:49the handle on the I don't know how to
0:06:51like you know how when people miss their
0:06:53door with their key and you get a little
0:06:55scratches around the keyhole area of the
0:06:56door if there is one
0:06:58it's like that but one of the back doors
0:06:59I don't know why anyway so there's stuff
0:07:01like that in this car but I'm knowing
0:07:03that it was Elise I knew two things
0:07:06first that I'm turning this car in three
0:07:10years so you know if you if you have
0:07:13even if you buy a car with the intention
0:07:18of selling it in like three to five
0:07:19years which a lot of people do
0:07:21it's still not predefined and so the
0:07:24other thing is like with the honda I got
0:07:26killed on the resale that because the
0:07:28the dealer who sold it to could tell
0:07:31that the door had been repainted i guess
0:07:32i can look around the edge or something
0:07:33or someone to tell I couldn't I couldn't
0:07:36do the difference but he could and so I
0:07:39i lost a couple thousand dollars of
0:07:41value probably on that car at resale
0:07:43because it had been damaged in an
0:07:44accident
0:07:45even though it was fixed to my opinion a
0:07:48perfect fix but he could tell that it
0:07:50had been damaged so you know when you
0:07:53buy a car but when when the resale value
0:07:55is not yet determined you stand to lose
0:07:58if there is minor damage you stand to
0:08:02lose that recently I whereas on a lease
0:08:05there's already some allowance built-in
0:08:08of what I love you know what what level
0:08:11of damage they will ignore at the end or
0:08:13or some limit of how much they're
0:08:15willing to pay for repairing a damaged
0:08:17or something like that that's all
0:08:19predefined so the stress is is lesson to
0:08:23me and you know it and I don't know I
0:08:26actually haven't had my first lease and
0:08:28yet that will happen in a couple of
0:08:30months
0:08:31oh so maybe ask me again then but ice
0:08:35but like to me it's it's much easier
0:08:37owning this car knowing that the end of
0:08:42my ownership of it is predetermined both
0:08:45timewise and financially but it doesn't
0:08:48it also incur a little bit of added
0:08:50stress and what by that I mean
0:08:53I don't know off the top of my head how
0:08:55far I Drive in a year but let's say for
0:08:57argument's sake that I go and I try to
0:09:00leave the car tomorrow and I assume that
0:09:02I Drive 12,000 miles and i'm at 10,000
0:09:04miles by June now I'm going to be
0:09:07stressed out for the next six months
0:09:08because I either only drive for 2,000
0:09:10miles or I know that I'm gonna pay for
0:09:12it in the end so i I've never least a
0:09:15car and I want to hear John's to sense
0:09:17before i get into my whole history but
0:09:19doesn't that it does it not also incur
0:09:21in equivalent amount of stress
0:09:23well it depends on what kind of driver
0:09:24you are like you know certainly it one
0:09:26of the problems with leasing and one of
0:09:28the reasons why so many people can't or
0:09:30shouldn't leave is if you either drive a
0:09:33whole lot of miles or almost no miles
0:09:36then then it's mispriced for you if you
0:09:39have a whole lot of miles you're going
0:09:40to pay way too much in overage fees you
0:09:42should generally try to avoid overages
0:09:44mileage fees and if you drive almost no
0:09:48miles then you're paying for a level of
0:09:50depreciation that the car is not really
0:09:51going to have so you're kind of
0:09:53overpaying for that and so certainly you
0:09:57know you have to drive within the the
0:10:00quote average and actually an average
0:10:02but within the average range of $OPERAND
0:10:03miles
0:10:04I know in the u.s. leases are usually
0:10:06ten twelve or fifteen thousand miles per
0:10:08year
0:10:09I don't know about other countries a lot
0:10:11of your learning from the feedback of
0:10:12the show quite a lot of this stuff is
0:10:14different in other countries especially
0:10:16especially involving pricing but but
0:10:20basically yeah if if you don't if you
0:10:23don't know what what amount of driving
0:10:25you're gonna have to do in the next few
0:10:27years within any reasonable ballpark or
0:10:30if you do very very little or absolutely
0:10:33a lot then at least probably isn't the
0:10:35best bet but for most people you know
0:10:39they can and I know with BMW i think i
0:10:42have to double-check this and i know
0:10:43this is just becoming the BMW show
0:10:45that's because they're awesome
0:10:46I think the 1i I think you can go on to
0:10:52your account online and change your
0:10:54mileage until like a month before you
0:10:57turn the car like retro actively so it
0:10:59turns out that you've driven way more
0:11:01miles and you thought and you your least
0:11:03a 10,000 miles and you can go in and say
0:11:06oh just bill me as if i lose $MONEY to
0:11:0715,000 miles retro actively and we'll
0:11:09just change it for you
0:11:10I think I think that's true pmw anyway
0:11:13so that that's why I just the myelin
0:11:16which is basically you know you can look
0:11:17at how much you have driven in the last
0:11:19few years and get some idea of what your
0:11:22average might be enough
0:11:25John I've always heard about the least
0:11:29vs by thing is that uh oh
0:11:31if you look at two strategies one lisa
0:11:33car every three years and second by a
0:11:35car and drive it until like it gets
0:11:39really old and you need a new one that
0:11:42cost about the same amount of money but
0:11:44you will have a nicer car if you lease
0:11:46because this is just three-years-old you
0:11:49leased a new one and it's presumably
0:11:51better and nicer than the old car that
0:11:53you were driving whereas if you buy it
0:11:54and run it until it's dead or close to
0:11:57dead you'll be using that car for at
0:11:58least three Lisa's worth of time right
0:12:01the reason I've never consider leasing
0:12:03is because I mean I i like the idea of
0:12:05having a car for a long period of time
0:12:07so that this doesn't make sense there
0:12:09and I would be I don't know the details
0:12:12of like so you lease a car and you get
0:12:15into an accident with it aren't you
0:12:20losing something when you bring that
0:12:21back because you would have to pay to
0:12:22repair the car and then the lease ends
0:12:25as Marco said there they don't want that
0:12:27now damage and repair card back so now
0:12:29you're losing out on the you know that
0:12:33bringing the car back to them so it's
0:12:34like a double whammy
0:12:35well you don't I i I'm we should find
0:12:38out exactly how this is done I admit I
0:12:39don't know either as far as i know when
0:12:42you are leasing a car that is an
0:12:44accident it you just get it repaired the
0:12:46same way you would otherwise you know
0:12:48some hopefully somebody's insurance pays
0:12:49for to yours or the other person or
0:12:51something and you just get it fixed
0:12:53presumably you have to get it fixed to
0:12:55their specifications and I don't know if
0:12:58you think maybe go to a dealer
0:12:59specifically deals don't usually do
0:13:00bodywork so you know you maybe you have
0:13:03to go to a list of approved people to
0:13:04get it fixed but the but when you turn
0:13:07that car and I don't think they're gonna
0:13:08be you know doing you buy three thousand
0:13:11dollars because the reduced value of a
0:13:13car that's been an accident because i
0:13:14think they've already calculated that
0:13:15into the risk and they've already
0:13:17average that into the price ever
0:13:19hey is i don't know i think that i think
0:13:21there is a I I like i said i don't know
0:13:24anything about that leasing but I always
0:13:25imagine that if you if you did lease a
0:13:27car like it's not your car so forgets to
0:13:29an accident you wrecked like their car
0:13:31basically and they're not going to be
0:13:33happier when you return their car and
0:13:35i'm assuming there they are financially
0:13:37protected from this eventualities by
0:13:38things that are bad for you but I don't
0:13:41I I imagine it's their car about as much
0:13:44as it's the bank's car when you finance
0:13:46a car like I i don't i don't think it's
0:13:48like that is it is it is a little more
0:13:50involved in that but but you know i mean
0:13:52their you know their lien holder on my
0:13:54title I will never get the title because
0:13:57I would never have paid off
0:13:59you know because alternative but as far
0:14:01as i know having an action as long as
0:14:03you get it repaired you know 22 some
0:14:06level of of satisfaction or standards as
0:14:08long as you get it repaired properly
0:14:11I don't think you pay extra at the end
0:14:12but I i will if we're still doing the
0:14:16show in June when i'm probably gonna
0:14:19have to swap cars i will i will do some
0:14:22follow-up just got better listeners to
0:14:24an accident before you turn it haha i'll
0:14:27just passed out just another thing to
0:14:29you know you mentioned you mentioned
0:14:32like having paid the same amount on
0:14:33average over time and that's that's
0:14:35presumably because as cars get older
0:14:37they start requiring more money and
0:14:38maintenance on one of the one of the
0:14:41biggest things with that is that with
0:14:44the lease its predictable and this is
0:14:47this is true to some extent when you buy
0:14:48a new car when you get financed it also
0:14:50whereas you know over it with you have a
0:14:53ten-year-old car in any given month it
0:14:57could cost you nothing to maintain or it
0:14:59could cost you six hundred dollars and
0:15:02it's it's unpredictable like when stuff
0:15:04is going to break what it's going to
0:15:05cost you know at some point it's pretty
0:15:07predictable i mean all of our car I've
0:15:10had all our grafts are very long time
0:15:12like the car currently driving is 10
0:15:13years old and the cars we had before
0:15:15rolling that like I pretty much know i
0:15:17could tell you at least for honda's
0:15:19anyway like it at what mileage what's
0:15:21going to break and how much it's going
0:15:22to cost you to repaired when you're
0:15:23going to need new brakes how many sets
0:15:24of new tires you're going to need all
0:15:26that stuff i don't think i don't know
0:15:27about as automatic transmission because
0:15:28i only have $MONEY
0:15:29and manuals but right and those are big
0:15:31wild cards it when they did when they
0:15:33break their expensive it's bumpy like
0:15:35it's not flat but it's kind of like you
0:15:38know you have the new car time where
0:15:40everything's fine and then you have like
0:15:43a honeymoon period where nothing is
0:15:44going to break and then you started
0:15:45around 60,000 miles started getting into
0:15:47the expensive stuff and in between there
0:15:49you have like the normal wear and tear
0:15:50and maybe you need some new tires maybe
0:15:51your brake pads and stuff like that but
0:15:53once you pass 60 then you know the
0:15:56things are going to do you need to
0:15:57timing belt done which is a big one you
0:15:58probably need to notice that breaks that
0:16:00point and it's just you know that your
0:16:03start waiting for the alternator to go
0:16:05somewhere in there you need a new
0:16:06battery water pumps going to go you know
0:16:09around a hundred probably you know like
0:16:10that things happened about it like at
0:16:13that point the cars long since paid off
0:16:15it's free most months you know so it's
0:16:17that sounds like you will you'll be
0:16:19driving a credit card then the person
0:16:21that was just getting a new lease every
0:16:22every three years and I don't honestly I
0:16:26don't think Elise is is the same or
0:16:28cheaper over time I i would say for sure
0:16:30your method especially if you buy the
0:16:32car used up front then I think I think
0:16:35the method of buying by a car and at
0:16:37least a good car you know I could like a
0:16:39Japanese car something reliable if
0:16:42you're going to own that for for a long
0:16:43term then I think you're probably coming
0:16:45out ahead of somebody leasing but they
0:16:47won't be anything that will kill you is
0:16:49if you buy an automatic transmission car
0:16:50and the transmission goes after the
0:16:52warranty drivetrain work it out but
0:16:54before it should grows that's just
0:16:57ridiculous 205,000 my uncle's are not
0:17:00like a honda odyssey had a problem with
0:17:02its transmission where there was none of
0:17:03this class action lawsuit something with
0:17:05it the previous generation odyssey the
0:17:07transitions would go really early and
0:17:08they were super expensive to replace and
0:17:10they weren't under warranty and people
0:17:11are very angry like that just kills your
0:17:13investment cause you can't resell that
0:17:14you can do anything you know
0:17:16yeah no one wants to know what's a
0:17:18minivan with a bad transmission but it's
0:17:20not only automatics I'd made passing
0:17:23reference in the past to the super
0:17:24having some serious drivetrain woes and
0:17:27not to give you two more reasons to be
0:17:30on me and my Subaru but your wiper my
0:17:32white super yes when it was
0:17:35shoot i want to say 20 ish 22 40,000
0:17:39miles it was no must be like 20,000
0:17:40miles because it was within the 36-mile
0:17:43drivetrain warranty i was driving down
0:17:46the road in Charlottesville where I was
0:17:49living at the time and all of a sudden
0:17:51there was this loud crash and I hadn't
0:17:55touched anything there was no touching
0:17:56don't worry John
0:17:57but there's some sort of like crashing
0:17:59sound and then as I speed up or slow
0:18:00down there was a repetitive thumping and
0:18:03as it turned out there was something in
0:18:05the rear differential that had broken
0:18:07and so the rear differential basically
0:18:09got replaced then I don't know is a year
0:18:12or two ago I noticed that one of the
0:18:15gears in in the transmission I don't
0:18:17recall which one it was
0:18:18whenever I was in that year I feel like
0:18:20the transmission was wine here than
0:18:21usual and it ended up that they needed
0:18:23to replace something within the
0:18:26transmission and I knew at the time and
0:18:28I told myself to look up what it was
0:18:30because i still have the receipt
0:18:30somewhere and I completely forgot to do
0:18:32that tonight but they replace something
0:18:34within the transmission and while they
0:18:36had all these bits out I was like well
0:18:38screw it why don't you do the clutch
0:18:39while you're in there and with an
0:18:40all-wheel drive car that's a lot of bits
0:18:42to take out just to get to the
0:18:44transmission so we don't know it ended
0:18:45up being like three or four thousand
0:18:46dollars to get that work done last was
0:18:48all on my dime because it was well after
0:18:51the warranty ended so while John I think
0:18:53you are absolutely correct that
0:18:55automatics by and large are more
0:18:57expensive depending on your choice of
0:18:59cars and drive trains and all-wheel
0:19:01drive car with even with a stick could
0:19:03also be really darn expensive because
0:19:05there's so much drivetrain to get out of
0:19:07the way in order to repair something
0:19:09like the transmission
0:19:10yeah you lost the the car lottery there
0:19:13because what happens like how did I ever
0:19:15it's the same thing with it's even worse
0:19:17with expensive car so you just get
0:19:18unlucky and some part of it goes and
0:19:20it's not covered for whatever byzantine
0:19:23reason they decide that this is not
0:19:25covered under the warranty for you know
0:19:27either because time has elapsed or
0:19:28because it's a we're apart that wears
0:19:30out and it's not you know this is only
0:19:32some reason that you're going to be
0:19:33screwed by then depending on what goes
0:19:36you could be in for lots and lots of
0:19:39money
0:19:40yes and it's something like you with the
0:19:42least it's very predictable I mean
0:19:43anytime you have a newer car you know
0:19:46you like you can be pretty sure
0:19:48that on a car that's less than five
0:19:50years old
0:19:51unless it's an American car which are
0:19:52terrible please email Casey unless it's
0:19:55in America are you probably will have to
0:19:56do almost nothing to occurrence first
0:19:58five years you know just the basic
0:20:01eventually you have to do brake pads
0:20:02maybe some tires but you know not much
0:20:05that being said I i did have a topic I
0:20:07wanted to bring up at some point and
0:20:09this seems like as good a place as any
0:20:12we've all at some point owned old cars
0:20:15John you spent your entire life somehow
0:20:17owning old cars how what's the weirdest
0:20:21thing you ever had to repair or replace
0:20:23on on a car you've owned may I go yeah
0:20:27so I don't remember if I've told the
0:20:30story on the air but if I did I did it
0:20:31very briefly when i was in college i was
0:20:35driving and I know I've talked about my
0:20:37dad's 94 saturn sl2 and I was going to
0:20:41pick up my then-girlfriend but from
0:20:43class and I pulled up to a stop light
0:20:46and I noticed that something felt wobbly
0:20:48and I was about to make a left and this
0:20:50was during class change in Virginia Tech
0:20:51which is a pretty big University and
0:20:54something felt wobbly when I came up to
0:20:56the light but I was like okay that's
0:20:57just weird and again this is 94 Saturn
0:20:59and this was in 2003 ish and I go to
0:21:03make my left after the light turn green
0:21:05and i did so very gingerly and all of a
0:21:07sudden I hear where and then I realize
0:21:11I'm not going the direction i thought i
0:21:14was going anymore I know I'm sliding on
0:21:17the front rotor of my car because not
0:21:21only do i hear $MONEY
0:21:22metal scraping against the blacktop but
0:21:26I'm watching my front passenger tire
0:21:28bouncing towards the parking lot full of
0:21:30parked cars so I nearly slid into the
0:21:35into the curb
0:21:37thankfully I was able to stop beforehand
0:21:40thankfully the tire that was now a
0:21:42projectile hurtling towards some
0:21:45innocent parked cars that stopped just
0:21:47before the cars
0:21:49welcome to find out the four lugs the
0:21:52four posts that the wheel is mounted to
0:21:56shore in half which
0:21:59does not happen so yeah as I was driving
0:22:03down the road which granted i was doing
0:22:05like five miles an hour but as I was
0:22:06driving down the road the tire fell off
0:22:09of my car that how at what car is this
0:22:13my 94 saturn sl2 city which is wanted by
0:22:17the way that explains it does explain
0:22:19that I mean that's just incredible like
0:22:21you're driving in the wheel falls off
0:22:23me--that's yep that's impressive
0:22:25thank you I was pretty proud of that for
0:22:27like 12 seconds and then I quickly tried
0:22:29everything I could to get rid of that
0:22:31car and that's when I ended up getting
0:22:32the white 300zx from my parents
0:22:36wow so now I maybe I should wait until
0:22:40the end I five totally shamed you too i
0:22:42apologize i am i'm pretty well that was
0:22:44boring in that pic for me it was when I
0:22:47had my maxima at some point I don't know
0:22:52how this happened
0:22:53honestly I don't like as far as i can
0:22:55tell nothing cause this I had to replace
0:22:58the windshield washer fluid tank because
0:23:01somehow it had cracked and I don't even
0:23:05like there was no impact there was it
0:23:07was not any kind of accident i hadn't
0:23:09gone over some kind of bad pothole
0:23:10nothing else on the car had broken
0:23:12around this time somehow I cracked my
0:23:15windshield washer fluid tank
0:23:17well market when you filled it with
0:23:19nothing but water and you live in New
0:23:21York that's going to cause it to crack
0:23:23no but that wasn't it it wasn't even
0:23:24that mean it was like I I and that car
0:23:27like so many things went wrong in that
0:23:29car there times like I only own the
0:23:32maxima for something like four years but
0:23:36in four years I had to lie had to
0:23:39replace the calipers and the brakes
0:23:40twice the pads three times that tons of
0:23:44brake problems somehow i reckon i really
0:23:46don't mean i don't think i was driving a
0:23:48reasonably or anything and also probably
0:23:51had a windshield washer fluid think that
0:23:52was that was a gem and then my friend
0:23:56hit his mother had this old Mercedes and
0:24:00he had to take his driving test in this
0:24:01car you know when we were all like well
0:24:04he was 18 at the time because he waited
0:24:06forever anyway so we're 18 he's taken
0:24:09driving test this Mercedes though I had
0:24:11so many weird electrical issues
0:24:13that in order to unlock the the
0:24:16driver's-side door any door for that
0:24:18matter you had to go to the back of the
0:24:20car and turn the key in the trunk
0:24:22keyhole and that would unlock the doors
0:24:26because no other method worked and so he
0:24:31had to do this during his driving test
0:24:32and the first you know the first like
0:24:34all right well you know that they're
0:24:36referencing the doing the driving test
0:24:37is the instructor makes you go and like
0:24:39turn the windshield wipers on turntables
0:24:41on make sure you know how to operate the
0:24:43basic our instruments and yet he had to
0:24:45go to unlock the trunk and then explain
0:24:47like why the turn signal was weird and
0:24:48all this stuff so since that i've i've
0:24:51been very wary of of ever owning a
0:24:53luxury car that's old because that
0:24:57Mercedes was in such terrible shape
0:24:58electrically that's surprising to me
0:25:01because my grandparents have had
0:25:03Mercedes wagons since I can remember and
0:25:06they drive the crap out of those things
0:25:08and change the oil like once every seven
0:25:10thousand years and those things we have
0:25:12always been tanks for them
0:25:14I mean it's I mean every every car is
0:25:17different obviously but I am surprised
0:25:18that it was an old Mercedes that had
0:25:20issues because every old Mercedes I've
0:25:22ever personally been in has been a tank
0:25:24well i have found also that people have
0:25:27different different tolerances for how
0:25:30much repair they want to do to a car and
0:25:31how much money they want to put into a
0:25:33car before they either just stop getting
0:25:35things fixed or get a new car and it
0:25:39like for me like because I have this
0:25:41Japanese car history i think pretty much
0:25:43anything that goes wrong in a car that's
0:25:45not basics of like you know brakes and
0:25:47tires and stuff i think i almost
0:25:49anything else is weird and I start
0:25:52considering what I want to keep this car
0:25:53after that but maybe just have been
0:25:55spoiled by for the most part good cars
0:25:58with the exception of that maximal just
0:26:00had constant weird problems that every
0:26:02other nineties maximum it didn't have
0:26:04that it's somehow i got i had like a
0:26:06lemon in certain areas now John i have
0:26:09to believe you have some pretty odd
0:26:11repairs that you've either performed or
0:26:13had performed on your behalf in your day
0:26:15on your color I should clear mostly
0:26:17mostly the normal stuff
0:26:20the only pair I've ever actually done in
0:26:22my own car
0:26:22I was one my sister i believe and she
0:26:26doesn't have this podcast so she can
0:26:27refer me put up my sister and my mother
0:26:30were both bad and backing out of our
0:26:32garage where I grew up and the driver
0:26:35side mirror of what would eventually
0:26:36become my 92 civic got sheared off how
0:26:40and we bought a replacement mirror and
0:26:42install that myself because I forget how
0:26:43hard could it be
0:26:44turns out it's much harder than you
0:26:46think because no one of the tools we had
0:26:49could reach in to get the tiny little
0:26:51nut that you have to tighten to put the
0:26:53thing on but anyway it's not that weird
0:26:54sharing off mirrors and in backing out
0:26:56of driveways the weirdest one that did I
0:26:58did was when we lived in Atlanta there
0:27:01was a gas station and the head like it
0:27:04was like kind of up on a hill so the
0:27:06road was down level and the little
0:27:07entrance to little skirt that goes down
0:27:09to road level was quite a steep hill and
0:27:1292 cific does not have much ground
0:27:14clearance and I turned into the gas
0:27:16station a little bit too fast and
0:27:18bottomed out the front of the car all 2
0:27:21inches of ground clearance or whatever
0:27:23it has and I banged the the the nut that
0:27:27you unscrew in the oil pan to let the
0:27:29oil out but i bet i'm going to that like
0:27:32it's recessed you know it's recess time
0:27:34it's on an angle but apparently it pokes
0:27:36out just enough that if you slam it if
0:27:38you bought him out the front suspension
0:27:40on the hill and slammed it against the
0:27:41ground it just bent that the little nut
0:27:44inside the thing I and I was like all
0:27:47right well is that going to be a big
0:27:48deal and I would you know I was like a
0:27:50slow leak avoid like little tiny drips
0:27:53you come out in the morning that be not
0:27:54a big pot of oil but a little puddle of
0:27:56oil you know and just like how do you
0:27:58want to get this repaired as you know to
0:27:59repair it's not like they're gonna be
0:28:00out there going to like go there and
0:28:01rethread the thing or something you're
0:28:03going to replace the whole oil pan which
0:28:04is significantly more expensive one on
0:28:06the only problem is not just a little
0:28:08bit bent but every time i get the oil
0:28:10changed good bug the league got worse
0:28:12and worse eventually i divided the
0:28:14bottom sorry all right now I know it's
0:28:16just replace the whole pan i did and
0:28:18maybe maybe I ripped off maybe they
0:28:20could have taken out the not and
0:28:22rethreaded with a free threading tool
0:28:24but i think it was like been so that
0:28:25that one annoyed me because I I the
0:28:27dripping of the oil annoyed me having to
0:28:30like put extra oil in the car
0:28:31and always worried about leaving oil
0:28:33spots when you're driving around all
0:28:34because it's been a little bit too fast
0:28:37into the gas station
0:28:38so now just so kind of to that end do
0:28:43you guys do your own maintenance on your
0:28:46cars no no
0:28:49so I do not by and large and i use the
0:28:55excuse that I don't have a particularly
0:28:58large amount of tools and that I'm very
0:29:01busy which is funny for me to say
0:29:03because i have no children as an excuse
0:29:05not to do it but I also do not typically
0:29:08do my own maintenance and this is a
0:29:11random story that I'm I'd like to get
0:29:12off my chest one of the things that
0:29:13bothers me about the fact that I don't
0:29:16do my own maintenance is because I'm
0:29:18very particular about what oil i use in
0:29:20my car and I always use synthetic oil
0:29:22and as it turns out the BMW wants it
0:29:24anyway but in other cars I've always use
0:29:26synthetic like my wife's car for example
0:29:27in her mazda super always had synthetic
0:29:30and I actually had to this is already a
0:29:33club terrible white wine but instead of
0:29:35going to the subaru dealer that was five
0:29:37minutes from my house and I had to go to
0:29:39the subaru dealer solid half an hour
0:29:41away because when i used to take it in
0:29:43to get the oil changed i would ask them
0:29:45hey even if you charge me for the oil
0:29:48that you would have used would you
0:29:50please use the synthetic that I'm
0:29:52leaving in the car and the dealers said
0:29:54no we have to use our oil which I
0:29:57thought was the most ridiculous and
0:29:58obnoxious thing I've ever heard in my
0:30:00life because I basically said pls rip me
0:30:02off I'd like you to use this oil and
0:30:04they said no and so I had to drive half
0:30:07an hour each way just to get my daughter
0:30:08oil changed how to do if i chose to do
0:30:10it at the dealer that is and it was very
0:30:11annoying
0:30:12that's really was a fantastic white line
0:30:14it is isn't it
0:30:15what are you basing the your desire for
0:30:18synthetic oil on you think like if you
0:30:19had regular oil this would impact your
0:30:21life in some way that is measurable or
0:30:24noticeable by you like what if they what
0:30:26if they told you they used your oil and
0:30:28just you know kept it for themselves for
0:30:30their car and put in the regular oil
0:30:31that how are you had crossed my mind I
0:30:34would not have known and the reason I
0:30:35use synthetic is because my my father
0:30:38has said and again he used to be a
0:30:40mechanic and still is very very good
0:30:42with these things he has always run
0:30:44synthetic in his
0:30:45cars and he is of the opinion which
0:30:46maybe its focus focus but he's of the
0:30:48opinion that it helps the cars run
0:30:50longer a very good friend of his who
0:30:54passed away recently who isn't even
0:30:55better mechanic my father and my
0:30:57father's pretty good mechanic he swore
0:30:59by synthetic I mean all the luxury
0:31:01brands to my knowledge I think it's not
0:31:03better i'm just saying is it better in a
0:31:04way that you would notice
0:31:06oh no but the reason I ran it was
0:31:08because i was under the impression i
0:31:09would keep the subaru forever and then I
0:31:11didn't but so so in short you're
0:31:16absolutely right there's no reason for
0:31:17it and those mechanics are all keeping
0:31:19your expensive oil that your brain
0:31:21probably yes yeah that they're taking
0:31:23home the guys you work through and
0:31:25really the other dealer who would
0:31:26install is actually the honesty of
0:31:27everything was protecting himself
0:31:29because like if someone it's like a way
0:31:32to scam you bring your ear booby-trapped
0:31:34oil and then you drive away from the
0:31:36deal and your engine exploded you say
0:31:37all you guys destroyed my car and you
0:31:40know you see them for the cost of the
0:31:41car because you know yeah it's a pretty
0:31:43obvious liability cover their you know
0:31:45yes and that's why they wouldn't do it
0:31:47and I want to do parallel that you know
0:31:49that they control that are gonna take
0:31:51some unless you know some stuff that
0:31:52some bottles provided by you and that
0:31:54does sort of make sense but I mean I was
0:31:56giving them a sealed container that was
0:31:59clearly sealed from the factory yes i
0:32:00know you could probably figure out a way
0:32:02to to molest what's in there without
0:32:03breaking the seal but still I don't know
0:32:05it's just it's one who knows how to get
0:32:07that was like that you know they don't
0:32:09they don't know that oil is good for
0:32:10your car right everybody having a
0:32:12different matter even be malicious it
0:32:14could just be you got a bad batch or
0:32:15something that that's one of the things
0:32:16i think that happened to be one sore
0:32:18the theory is that happened to me once I
0:32:20was having some strange problem with my
0:32:21car was like oh maybe you got some bad
0:32:24gas from gas station that had to know
0:32:26something in it or whatever and if you
0:32:28just run through this tank it'll be fine
0:32:29and it was so to that end actually
0:32:32brings up another good question when I
0:32:34had the super early on another problem i
0:32:35forgot about it was the first car it was
0:32:39a 2005 legacy GT and to my recollection
0:32:41that was the first year of that
0:32:43generation and they had some really
0:32:46interesting ECU problems with the turbo
0:32:49where if I was under like a moderate
0:32:51load and under moderate throttle in the
0:32:54car would buck and I took me
0:32:57easily six months of arguing with the
0:32:59dealer this is not the oil dealers a
0:33:01different dealer and saying to them no
0:33:03really this is an issue with the car and
0:33:05one of the things they did was blamed
0:33:08the gas i was putting in it and so
0:33:09because of that
0:33:12well i was able to argue back with them
0:33:15because i keep ridiculous records of
0:33:17offer all my cars and i have an excel
0:33:19spreadsheet that has everything to guess
0:33:21whoever put in it really for this
0:33:22yes for the subaru I've every receipt
0:33:25for every tank of gas that's ever been
0:33:26in it because at the time I thought to
0:33:28myself well if I ever go to sell this
0:33:30privately whoever whomever i sell it to
0:33:32will appreciate the fact that mr. that
0:33:34on this meticulous proactive selling
0:33:36privately whether one
0:33:36yeah we should and obviously i don't
0:33:40plan on selling privately and so that
0:33:41all this effort was basically for not
0:33:42but the advantage of being such a
0:33:45ridiculously indoor tennis bastard was
0:33:46that I could argue with them and say no
0:33:48look I'm not putting crap gasps in here
0:33:50and putting decent cast in here which
0:33:52one are you guys are you record keepers
0:33:54not regard to do not give two craps no
0:33:56no keep track of that stuff
0:33:58John you disappoint me i think that
0:34:00anything i save the receipts to give to
0:34:02my accountant / wife so she can track
0:34:04the fact that we pay for gas and you
0:34:06know no one is you know using our little
0:34:08mobile speed past thing without our
0:34:10knowledge getting other guys but other
0:34:12than that now I don't track mileage it
0:34:13on my parents used to do that you write
0:34:15down everything didn't compute the
0:34:16mileage you know I don't do that at all
0:34:19yeah don't do any kind of record keeping
0:34:20that either i mean i figure i mean first
0:34:23of all I'd like I'm not going to sell
0:34:25any of my cars privately as if I can
0:34:27avoid it because i will get back to that
0:34:28in a minute but you know i'd rather not
0:34:31solve things privately and the dealer
0:34:33doesn't really care if you do if it's a
0:34:35lease and you've turned in or if you're
0:34:36trading in a car to a dealer they don't
0:34:39care either way that the price we're
0:34:40going to give us nothing to do with what
0:34:41kind of gas you put in it at or where
0:34:44you bought it or what kind of mileage
0:34:45for everything that they couldn't really
0:34:47care less
0:34:48that's true upon sale but another thing
0:34:50of understood is for the three three
0:34:52fives for those with the n54 engines so
0:34:55that's up until i believe it's up to and
0:34:57including 2010 they had some major
0:34:59issues with high pressure fuel pump and
0:35:01from what I've gathered a lot of times
0:35:04BMW dealers would give owners a really
0:35:07hard time they're putting like Costco or
0:35:09Sam's or kroger
0:35:10stop and shop gas into their cars and
0:35:13they would say oh you're putting crap
0:35:14gasps and here it's not our fault and I
0:35:15believe diesels like Volkswagen diesels
0:35:17had similar issues if i'm not mistaken
0:35:19where if you put crap diesel in it or
0:35:22whatever the case may be and I don't
0:35:23really know anything about diesel but if
0:35:25you put chrome bezel in it then Oh with
0:35:27your engine explodes it's not our fault
0:35:29that's one of the things I love about
0:35:30honda is that they've been holding the
0:35:33line on non premium gas like you know
0:35:37just plain ol days have an octane even
0:35:39my I believe a couple generations of
0:35:41cameras required premium and stuff like
0:35:43really want to get about honda has been
0:35:46very strongly at least in there not an
0:35:48accurate perhaps but at least in the
0:35:49honda line of sticking to you know plain
0:35:52old normal octane gas
0:35:54yeah that is very convenient when you
0:35:55when you have a car that does not need
0:35:56premium that's very very nice i think
0:36:00the last car i owned that did not need
0:36:02premium on Saturn because he needed it
0:36:04subaru needed it BMW needs it actually
0:36:06errands car does not but I so very
0:36:08rarely fill that so it's actually not
0:36:12mine i didn't actually check the 2013
0:36:14according to assume it still does not
0:36:15require premium but I i love not using
0:36:18premium but back when I was driving my
0:36:19parents like I believe the four-wheel
0:36:21drive minivan
0:36:22I don't know if required premium may be
0:36:26required like 91 but you could put 93
0:36:29and it but i always put 93 years it
0:36:30wasn't my money but since since I got my
0:36:32own car and my own you know gas card i
0:36:36was happy that all my cars take the
0:36:37cheap gas for what it's worth I think
0:36:39please email Casey with the responses
0:36:41but I think when cars require premium I
0:36:43think they usually just require 91 i
0:36:46don't i don't think they require like 93
0:36:4894 95 all those crazy ones that are
0:36:50ridiculously expensive i think those are
0:36:52just for people who think it'll matter
0:36:53or people who are not using their own
0:36:56money
0:36:56I think that's right but I'm probably
0:37:00wrong as well so we don't email either
0:37:03of us how much is gas for you guys right
0:37:05now at pure curiosity i ask because I
0:37:07filled up today and it was over four
0:37:09dollars for premium for me which is
0:37:10somewhat rare around these parts
0:37:12Europe is going to email us so hard
0:37:14after all God you had no it's not
0:37:17oh you're going to have health care
0:37:20happy I did not betray their expensive
0:37:22gas but you have healthcare that works
0:37:25out million really long vacations
0:37:27yeah that was the dumbest thing I've
0:37:28ever said thank you John for saving now
0:37:30that's great i mean i honestly around
0:37:32around here and and you know the
0:37:34tri-state area
0:37:36I almost always pay four dollars a
0:37:38gallon and it's very rarely under that
0:37:40491 usually it's like in the $YEAR ford
0:37:4325 or 30 range that's that's it's very
0:37:47readily less than that NP i had people
0:37:49tell me that when I was apparently if i
0:37:51want to go when we go to Germany with
0:37:55the m5 that it's something like eight
0:37:56dollars a gallon over there was talking
0:38:00to my buddy Brian about that and he had
0:38:02noticed because he's going to France
0:38:03with his girlfriend in i would totally
0:38:05unrelated to cars but they're going to
0:38:07rent and they're going to drive around
0:38:08France with whatever crap econo box that
0:38:11they get and he was saying that on
0:38:14google maps and let's talk about this
0:38:15market on google maps i don't know if
0:38:17this is a Europe thing or everywhere
0:38:18they actually have a price calculator so
0:38:21you can tell Google Maps what kind of
0:38:22car you have is a diesel is a big car
0:38:25small car and what approximately how
0:38:27much you think a gallon or leader of gas
0:38:30will be or diesel and it will compute
0:38:33about how much it will cost for whatever
0:38:35journey you're about to go on which I've
0:38:36never personally seen but he showed me
0:38:38screenshots look pretty cool that is
0:38:39pretty cool if we can break for a second
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0:40:20have you guys ever sold a car privately
0:40:22i have $MONEY i sold my poor 92 civic
0:40:25Casey now I've not and as i've mentioned
0:40:29briefly but previously i do not intend
0:40:32to sell the super privately because i'm
0:40:34too lazy and don't want to deal with the
0:40:35headache so John how did it go when you
0:40:37sold yours
0:40:38well first of all the reason i sold like
0:40:39what it was was an older you know as a
0:40:4292 and i think i've replaced it and
0:40:44replaced it with the 2002 so most of you
0:40:46know there have been about 10 years
0:40:48there i don't remember so hard to tell
0:40:50because if you remember your car's model
0:40:52year that has very little bearing on
0:40:53what year you bought the car right
0:40:55it's like getting plus or minus 100 0 or
0:40:57x plus or minus 2 they do crazy bright
0:40:59years plus I I tend to try to buy like
0:41:01the last year's model as soon as
0:41:02anyone's come out to get like the last
0:41:04of the inventories you get a good deal
0:41:05anyway the clutch was going on and it
0:41:09was like a hundred and fifty thousand
0:41:11miles something most of that trying to
0:41:13take that gamble of like timing when to
0:41:14get rid of it by writing for the clutch
0:41:16dies as soon as i know i felt it
0:41:18slipping soon as I felt so like the
0:41:19fully engage clash with slip a little
0:41:21bit i was like oh no alright it's ok i
0:41:24first we went to get a new car and that
0:41:26they didn't want to trade it like it was
0:41:28worthless to that person was a liability
0:41:30was zero dollars was their offer further
0:41:33for the city because it really was not I
0:41:34mean it was in good condition it was
0:41:36clean and it had had lots of work done
0:41:38to it over the years and many things
0:41:40have been replaced in it but but the
0:41:41bottom at the end of the day it was
0:41:441992a honda civic DX which is the one
0:41:47you know the really cheap one that had
0:41:49the am/fm cassette stereo and air
0:41:51conditioning
0:41:52that's the only two options the in a can
0:41:54and FM that's right and no loss no one
0:41:57is under no passenger side mirror did it
0:42:00having all of my design
0:42:02yeah well you have no passenger side
0:42:04mirror that give you use extra that was
0:42:05extra yes I'm the DX it does not come
0:42:08standard with the passenger side mirror
0:42:09you have to hate you had to pay extra
0:42:11for my parents did not pay extra for and
0:42:13actually relatively expensive compared
0:42:15to the cost of the car that's when I was
0:42:16my car though I love that car better
0:42:18than any of the better than the current
0:42:20civic app sure so they didn't want it so
0:42:23I'm like well it's not worth zero like I
0:42:24looked up what it's worth and it was
0:42:26worth something so I'm like our final
0:42:28selling myself so I think it might have
0:42:30been craigslist or something like that
0:42:31it took pictures of the carb loaded you
0:42:34know and I guess this was before
0:42:35craigslist became terrible and we had
0:42:37someone you know our company will come
0:42:39and look at it and i only remember of
0:42:41taking one person out for a test drive
0:42:43and they drove it just around my little
0:42:45neighborhood here and I was like please
0:42:47don't want them those two clutch is
0:42:48slipping please look and either it
0:42:51didn't slip or they didn't notice and
0:42:55you know I had I had a little bit of the
0:42:57kc effect going because we have like
0:42:58every repair we'd ever done to it and
0:43:00all the paperwork going through it all
0:43:01the oil changes that we saved all that
0:43:02stuff and you can see me replace the
0:43:05head gasket when the water pump died and
0:43:08my wife group drove with it the
0:43:10temperature needed on h4 really really
0:43:12long time so you know new water pump new
0:43:15head gasket new timing belt new
0:43:17alternator battery you know fresh breaks
0:43:21press tires so many things we've done
0:43:24this a new radiator new spark plugs like
0:43:27we taking care of it we kept it up and
0:43:29everything like that it was it was still
0:43:31looking pretty condition but like the
0:43:32clutch need to be replaced and that
0:43:33would have probably been much more
0:43:35expensive than the previous repairs so
0:43:37the person was buying it for like for
0:43:40their kid to like learn how to drive or
0:43:42something like that and I really didn't
0:43:45feel too bad because like it's going to
0:43:46destroy this thing anyway like the car
0:43:48you learn to drive stick on is probably
0:43:50going to get mauled it's a great cover
0:43:53that like it if if you're selling
0:43:54somebody a car that doesn't have a whole
0:43:56lot of clutch lifetime left
0:43:57and you're selling it to somebody who's
0:43:59going to learn how to drive stick on it
0:44:01that's perfect then if they burn out the
0:44:02clutch in three months well that's
0:44:04because you're learning to drive stick
0:44:05on it was my dad whatever it was also I
0:44:07to admit it's the first is you know they
0:44:09saw all the repairs like if you don't
0:44:11see it then this little stack of paper
0:44:13that means its original and I believe I
0:44:15mentioned that probably have guilt you
0:44:16know it's the original collection the
0:44:17car has like a hundred fifty thousand I
0:44:19you do the math okay that's not cutting
0:44:20the last forever and not and I wasn't
0:44:24the sole driver this car like you know
0:44:25my whole family drove before they sold
0:44:28it to me so who knows would abuse this
0:44:30car had been through but i don't think i
0:44:33got like $1,500 for something like that
0:44:37it was like it was below 2000 and i was
0:44:39very happy to get it was certainly
0:44:41better than 0 and I was sad to see that
0:44:43cargo because simply replace it was
0:44:45crappy but never heard from the person
0:44:47again no problem i think they paid with
0:44:48a check in when it's like a thousand
0:44:50something boxing out like you know
0:44:51didn't need to get like 18 forms of ID
0:44:54and a cashier's check for a bank or
0:44:55anything it's just like well whatever
0:44:57you know we know where you are your name
0:44:58and your address and give us a check to
0:45:00check cleared we got the money signed
0:45:02over the title bun and done I was
0:45:03perfectly happy with the experience
0:45:05except for the fact that my poor
0:45:07pathetic . away from me and actually it
0:45:09occurred to me that I lied i have sold a
0:45:12car privately sort of so the 300zx I've
0:45:16mentioned in the past I had it I got it
0:45:18in 2003-2004 way at this was right after
0:45:21the Saturn's after mentioned wheel
0:45:24accident and so I have it was like six
0:45:28months after i got it or eight months
0:45:30less than a year after i got from my
0:45:31parents that it had been in the shop so
0:45:35often that I decided you know screw it
0:45:37i'm just going to go get a new car and
0:45:39so i bought the subaru and not only the
0:45:41Super's doing now the Z kind of SAT
0:45:43broken for a while and eventually I took
0:45:46it to the local Nissan dealer to figure
0:45:49out what was wrong with it and
0:45:50potentially get it repaired and I had
0:45:53said to the dealer
0:45:55hey listen I don't want this car anymore
0:45:57so if anyone wants it
0:45:58I'm open and as it turns out one of the
0:46:01mechanics there did want it and bought
0:46:04it for some absurdly cheap amount of
0:46:06money which I was fine with because I
0:46:08just wanted to get the hell out of my
0:46:09life
0:46:10even though I loved that car into this
0:46:12day i miss that car and I kind of wish I
0:46:15hadn't gotten rid of it
0:46:16I did strictly speaking sell that
0:46:18privately which was the easiest sale
0:46:20ever because I basically said here's the
0:46:22situation it is broken you know it's
0:46:24broken
0:46:25give me I think it's like 1,200 bucks or
0:46:27something absurd like that and we'll
0:46:29call it good and I was that love it was
0:46:31like I got more than that 492 silicon
0:46:33you sold like the maximum is much nicer
0:46:35car than that it was a 300zx but I don't
0:46:38know
0:46:38yeah but either way I get to activate a
0:46:40minute well and I mean you're right and
0:46:43I knew I was getting robbed but I was ok
0:46:44with it because I just didn't want to
0:46:45deal with the hassle of it yeah maybe
0:46:47that's the thing about like when you're
0:46:48selling an old car that's with you if
0:46:50you're in the the school of thought
0:46:52where you buy a car and you keep it
0:46:54until it's basically dead basically dead
0:46:56is the point where you sell it at that .
0:46:57the car is worth so little that you just
0:46:59want to get rid of it it's almost like
0:47:01you get like a grand or something and
0:47:02you're like wow okay well the cars out
0:47:04of my life I don't have to deal with it
0:47:06i have a thousand dollars in things like
0:47:07you'd run into a bit of value out of the
0:47:09out of the car maybe your maybe your
0:47:11300zx maybe you didn't get every bit of
0:47:13value out of that because it sounds like
0:47:14it was a little flaky but I I felt like
0:47:17I got everything I could get out of the
0:47:19Pacific and I mean the main reason i
0:47:21probably would repair the clutch if I
0:47:22was like single and wasn't you know
0:47:24starting a family or whatever but it's
0:47:26just it's a very small car it's not
0:47:27particularly safe it's old and you know
0:47:30I wanted to own it upgrade so i would if
0:47:33it was if i was looking at myself I was
0:47:35a bachelor just kept pumping money into
0:47:36my car because i loved it and the comedy
0:47:39of the 300zx is when we bought it we
0:47:41bought it from a friend of my dads whom
0:47:43had bought the car new and the clutch
0:47:46was shot when we bought it and we bought
0:47:48it knowing full well that we would need
0:47:50to do the clutch but dad being a
0:47:51mechanic he and I did the clutch
0:47:53together whereby I mean he did all the
0:47:55work and I was a go for his behalf and
0:47:58you had on the ranch yeah exactly
0:47:59exactly which brother it was a really
0:48:02cool experience doing the clutch in that
0:48:03car but as a man who i'm just being my
0:48:05father is a man who is used to like
0:48:071970s era buicks and $YEAR and $YEAR
0:48:09dodgers and Chevy's to work on a car
0:48:12that was designed by the by the Japanese
0:48:16where everything is squished in is into
0:48:19a small place as possible he heated
0:48:22working on that
0:48:23our with a passion but yes when we
0:48:25bought it at a blown clutch when we sold
0:48:28it I forgetting it was something wrong
0:48:29with ignore when i sold it was something
0:48:31wrong with the ignition that was causing
0:48:33it to run like garbage and just like you
0:48:35said John couldn't agree more i was just
0:48:37happy to get out of my life and hey I
0:48:38got a couple that got like a thousand
0:48:39bucks out of the deal which is pretty
0:48:40sweet right years once you once you get
0:48:43down to that level of value where cars
0:48:46worth like a few thousand bucks at most
0:48:48then it started to become about timing
0:48:50it with maintenance you know like if
0:48:52it's like if you get if you get to get
0:48:54rid of this car before another year
0:48:56putting another thousand dollars into it
0:48:58the henna then you know it you come out
0:49:01roughly the same but that's why cars
0:49:02tend to have that their pricing tends to
0:49:05bottom out and stay at a certain level
0:49:07for a while like a an eleven-year-old
0:49:10car and a thirteen-year-old cards the
0:49:13same model is going to cost about the
0:49:15same amount like it's not going to that
0:49:16different because at that point you're
0:49:18just paying for occasional maintenance
0:49:19here and there you know your regular
0:49:21maintenance but you know you're not
0:49:22really like the depreciation is bottomed
0:49:25out and you're just kind of riding it
0:49:26out until it's totally way too expensive
0:49:28to repair and then you just get rid of
0:49:30it
0:49:31so anyway with my maxima I i sold that
0:49:34privately because i wanted to go without
0:49:36a car for a while to help save some
0:49:39money and i was living in in Pittsburgh
0:49:41at the time and I was in a nice place
0:49:43where I didn't I i don't really need a
0:49:45car i could walk everywhere that I
0:49:47needed to go including to work it was
0:49:48awesome i wasn't i love pittsburgh it
0:49:50was fantastic and so I went like six
0:49:53months at a car which first of all i
0:49:55would not recommend doing because if you
0:49:58have a gap in your insurance coverage in
0:50:01the u.s. I don't know how this works in
0:50:02other countries but in the u.s. if you
0:50:04go
0:50:05sigh I think more than 30 days without
0:50:07having car insurance
0:50:09it makes it very hard to get insurance
0:50:11again once you decide to resume needing
0:50:14insurance for owning a car and we pay a
0:50:16higher rate and a lot of insurers won't
0:50:18take you immediately this was a problem
0:50:20i had I i had the same problem i had
0:50:25actually worse in Brooklyn when I moved
0:50:27there for a year and sold the honda how
0:50:29it was worse because I went longer
0:50:31without a car and after I moved out of
0:50:34Brooklyn came up here that's the suburbs
0:50:36with my
0:50:36328i had to get like I think it would I
0:50:40think all states who I tried first I
0:50:42always had them and they would ensure me
0:50:43because it's what we can ensure somebody
0:50:45who had a lapse in coverage i think they
0:50:47assume if you have a lapse in coverage
0:50:49you're very likely to have like had a
0:50:51DUI or suspension or or you know maybe
0:50:55your you your credit is shot you're
0:50:57really short of money you got to sell
0:50:58your car for a while like they assume
0:51:00there's something about that that caused
0:51:02you to be much higher risk to ensure so
0:51:05i had to first have a year on travelers
0:51:09because i'll take pretty much anybody on
0:51:11some kind of super high risk thing that
0:51:12i paid way too much money for have a
0:51:14year on them first and then transfer to
0:51:16all state where they would like after I
0:51:18had another year of someone somebody
0:51:19else they would take me back even though
0:51:21i have a great i mean i didn't check
0:51:23geico I did that that's a good question
0:51:25that we can have heard only terrible
0:51:27things about about how I go respond in
0:51:30an accident like with repairs and stuff
0:51:32I've heard I've heard the worst things
0:51:33in the world second only by progressive
0:51:35who I've heard far worse things have
0:51:38apparently progressive is terrible to
0:51:40deal with if you ever need to make a
0:51:41claim but I don't have any first-hand
0:51:43experience that thank God but anyway so
0:51:46when i sold the maxima you know I it was
0:51:50i was so tired of pumping money into
0:51:52things like the windshield washer fluid
0:51:53tank and a million sets of brakes that a
0:51:55I sort of you know blue book value on it
0:51:58was something like five thousand dollars
0:52:00so i asked something here that I took a
0:52:02few people on test drives
0:52:04I think I did something craigslist you
0:52:06because it was around but not sucking
0:52:07yet and just like 2004-2005 maybe so
0:52:13yeah so the problem was it was such a
0:52:17time sink having people like come see
0:52:19the car schedule it with them scheduled
0:52:21to come look at it take a test drive
0:52:23you know it took so much time is such a
0:52:25pain in the butt that eventually and and
0:52:28like and like whenever you sell a car in
0:52:31the US that's a stick
0:52:32you're gonna have people who come all
0:52:34the way out to you no matter how many
0:52:35times you've said it's a stick
0:52:36they're gonna come all the way out there
0:52:37and say oh I didn't realize it was a
0:52:39stick
0:52:40I can't drive a stick hoop Cena so it's
0:52:43like that we can be something that I i
0:52:44think i ended up showing the car like 45
0:52:46people i was getting fed up some guy
0:52:49comes
0:52:50who was gonna auction it and and put it
0:52:52on a boat to I think he said like I
0:52:55think he just basically said the middle
0:52:57east i assume it was a country in the
0:53:00Middle East that we know have a good
0:53:01relationship with because it's probably
0:53:02difficult otherwise their cars to them
0:53:04so he offered me $MONEY well below my
0:53:08asking price i think-think emergent
0:53:10think it was like 3500 out of my 5000
0:53:14asking price he offered cash and and I'm
0:53:18like I was and he goes he came over he
0:53:21looks at the car
0:53:22I don't even think he drove it like I
0:53:25think it's just a look at okay i'll give
0:53:27you know 300 for it and he just takes a
0:53:30travel cash and I'm like you know what
0:53:32would you mind can we drive to the bank
0:53:34for a second and i drove into my bank up
0:53:38the blog and and I walk in and I had him
0:53:41like you know wait like you know a few
0:53:43feet back under the counter I'm like I
0:53:45just going to tell him like hey I'm
0:53:46selling my car to this guy I've never
0:53:48done this before can you just like look
0:53:50at this and deposit and just make sure
0:53:52its real and i'm not like make sure that
0:53:54there's no way this can go over aki and
0:53:57kai I don't know what I was doing you
0:53:59know like that's that's the amount of
0:54:00money that I would have definitely
0:54:02missed at the time and and you know you
0:54:04don't want to be scammed out of
0:54:06thousands of dollars so and having never
0:54:09done this before i was so paranoid about
0:54:10about getting ripped off and this guy
0:54:12was a pretty shady looking guy with a
0:54:14giant mullet who's gonna put my car and
0:54:16boat to the Middle East so you know I i
0:54:20I'd good reason I think to be suspicious
0:54:21but and and it and it was fine you turn
0:54:25it was fine now one thing that we have
0:54:26addressed though is when financing is
0:54:28involved and this is one area that I
0:54:30don't think I will ever tackle i really
0:54:32hope I never have to because like if
0:54:36either the buyer or the seller is
0:54:39involved with alone to to buy or sell
0:54:41this car i would imagine the complexity
0:54:45and that alone and the likelihood of the
0:54:47of the deal falling of heart is probably
0:54:50high enough that it's not worth even
0:54:52engaging in those deals you know I
0:54:54actually have a bit of a story about
0:54:55that i should also note that I what
0:54:58we've heard this question for many
0:54:59people but among the people we've heard
0:55:02this from was a
0:55:03in sims in and i wanted to mention her
0:55:05mostly because she was kind enough to
0:55:07use the phonetic pronunciation her
0:55:09follow-up are in her her feedback i
0:55:11should say which was very nice the
0:55:12problem right there
0:55:13yeah it is President Pro podcast
0:55:15feedback move see that's right that
0:55:17that's how you get attention
0:55:19we're very worst suckers at least i'm a
0:55:20sucker that way anyway but i think i
0:55:23mentioned the past before what before
0:55:24about the white 335i I had looked at a
0:55:28home on blue 335 that a gentleman in
0:55:31Florida was trying to sell and i think i
0:55:34told you the ultra succinct story
0:55:36earlier but the slightly longer version
0:55:38is it was at the time I felt like it was
0:55:41the perfect car and I still think to
0:55:42some degree it was a little bit better
0:55:44than the one I ended up with but the the
0:55:47guy was asking i think it was like 40
0:55:49grand and so I talked to him on the
0:55:52phone a couple of times and he had done
0:55:54european delivery what like Marcos about
0:55:56to do and i'll be tagging along
0:55:58he had then had it shipped to the states
0:56:00as you do with european delivery and
0:56:01picked it up at the South Carolina BMW
0:56:05factory where he did the performance
0:56:08driving school which I'm hoping I can do
0:56:10that between mark and i would think john
0:56:12to meet us down there and I can convince
0:56:14market to do it anyway he had done all
0:56:16this cool stuff with the car he seemed
0:56:18like a genuinely nice guy and he had
0:56:21told me I'd ask her he had told me oh
0:56:23hey is this dude you own it you have the
0:56:25title in hand no no i don't but the bank
0:56:27is very clear the bank that owns it is
0:56:29very close by
0:56:30it's not like it was bankrupt hold on so
0:56:32it's not like it's bank of america you
0:56:33know it's it's a local credit union and
0:56:36blah blah and so I was like okay well
0:56:38why don't you let me know you'll make
0:56:41sure that you don't owe more than your
0:56:44asking for the car and let's get all
0:56:47that squared away and let's make sure
0:56:48this all works and if it does then don't
0:56:50go ahead and book a plane ticket and
0:56:51we'll go down and get it so we're going
0:56:53to complain ticket for for this deal it
0:56:56was in florida that was risk man that's
0:56:58such a risk
0:57:00well as it turns out i got on the phone
0:57:03with him a couple days later and I was
0:57:05ok so did you talk to thank ya i talked
0:57:06to think how much do you owe and again I
0:57:08think the car he he was asking 43 wanted
0:57:1140 and so how much do you owe 5100
0:57:15how much was it you that's a lot on a
0:57:19335 my 335 sticker 55mm how long and how
0:57:25long did he have it near maybe two
0:57:28I didn't have a whole lot of miles on it
0:57:29either and it was well loaded I mean my
0:57:32my my 335 is about as loaded as they
0:57:35come as well but I mean this was also
0:57:36extremely well loaded in the lemond blue
0:57:38i believe is a BMW individual color so
0:57:40it was extra money and a section that
0:57:42was scrapped by the way but yeah it is
0:57:44it but so many so has he said I'm
0:57:46probably butchering these numbers but
0:57:48dude said oh yeah 52 so I was like well
0:57:52do you have that money between where and
0:57:55we haven't settled on a price yet but I
0:57:57was like listen I'm not paying that much
0:57:58so do you have that money
0:58:00well no so you're saying the only way
0:58:04I'm gonna get this car is if i buy out
0:58:05the loan
0:58:06yeah pretty much and that was the last I
0:58:09spoke to him yeah that's so that's again
0:58:11and you're lucky you at least knew that
0:58:12before you went down oh yeah oh you're
0:58:14before you tried to buy the car I mean
0:58:16no you're absolutely right
0:58:18that's the thing like I and this this is
0:58:20why i just gave the guy I i accepted the
0:58:23cash guys offer and why I don't even and
0:58:25when I got the one and you know you want
0:58:28the only way to get a 1m for almost the
0:58:30entire time they've been available is to
0:58:32get them used because they were so if
0:58:33you made and they all went like that so
0:58:35you know you had to search him and i was
0:58:36i was looking at listings for months
0:58:38one of the reasons i got the one I did
0:58:40was because it was sold by a dealer it
0:58:42was used but it was it and I had to go
0:58:45through the whole thing about waiting
0:58:46for the title because it was like a
0:58:47small dealer than it was kind of a a
0:58:50what's that word when a consignment sale
0:58:54kind of like that were like the dealer
0:58:55didn't actually own it anyway so but it
0:58:59was still done through a dealer and so I
0:59:01was willing I was way more willing to
0:59:03deal with that then just some random
0:59:04person who says hey got this awesome car
0:59:07it's a very expensive car and I've put
0:59:09all these aftermarket exhaust parts on
0:59:10it and all this crap here i'll give it
0:59:12to you like I don't want to deal with
0:59:13that at all and that's why to like I
0:59:15like what as i'm selling a car to I
0:59:19don't want to deal with the selling it
0:59:21as a seller either and so like when I
0:59:24have to presumably when i get the m5
0:59:27going to trade in the one that notices
0:59:28massive white wine
0:59:29I'm sorry and I i could probably get
0:59:34more for almost certainly by a private
0:59:35sale but I asked my dealer like a you
0:59:37gonna make me an offer on this because I
0:59:40really really don't want to deal with
0:59:41that at it
0:59:43I don't care how good the buyers out of
0:59:45like the idea of trying to privately
0:59:48sell this one em and Trey having like
0:59:51have multiple people come to see it
0:59:53presumably they're going to want to test
0:59:54drive it and I'm like that it's just
0:59:56that sounds like such a pain to me now I
0:59:58don't want to have to deal with any of
0:59:59that
0:59:59and
0:59:59and
1:00:00so even if i have to lose maybe a few
1:00:02thousand dollars on resale that's
1:00:04probably going to be worth the reduction
1:00:06in in time stress and and risk I don't
1:00:12believe me that's why i'm planning on
1:00:14giving the subaru one giving but selling
1:00:16the subaru to a dealer to go to a car
1:00:19max or equivalent because I just want to
1:00:20deal with it but the interesting thing
1:00:22is you know I don't even really know
1:00:23what to advise like let's say you're in
1:00:26a position where you you own a car or
1:00:29you don't own it yet you have a you have
1:00:31a loan on a car that you're trying to
1:00:33unload privately I i'm at a loss for
1:00:35what I would even recommend doing
1:00:38especially in the case of let's say you
1:00:40have the loan through some national bank
1:00:43where you can't just go down to the
1:00:44local branch in order to get a title
1:00:46because on the other end if i was to buy
1:00:48a car like that i mean one of the
1:00:50conditions i had with the sky that I
1:00:51didn't end up buying from was that I was
1:00:52like hey listen I got to have the title
1:00:54before i give you all this money or you
1:00:57know where we've got to do it all in one
1:00:58shot yet because otherwise it's just not
1:01:00gonna work for me and so if you don't
1:01:03own your car outright you're trying to
1:01:05sell it and you still alone
1:01:06I don't even have the faintest idea what
1:01:07you could do to make your your situation
1:01:10any more appealing I mean John if you
1:01:11eat i presume you've never run into any
1:01:13of this have you know I'm like you know
1:01:15but selling my ancient cars like that i
1:01:18got from my parents so there's no
1:01:20financing on there i don't think i'm
1:01:22going to do the same thing when i sell
1:01:23my current 2002 civic type on I wanna
1:01:26trade in but for all i know the deal is
1:01:28going to save we don't want 2002 civic
1:01:30is a piece of crap and then i'll have to
1:01:31decide do I try to sell this private i
1:01:33look up a blue book value of this car is
1:01:35or try to get it you know one of those
1:01:37one of those things like CarMax or
1:01:38something we'll take the car but yeah I
1:01:40just want that I just wanted to go away
1:01:42and I'm hoping it's worth something too
1:01:44but I just assume it's worth zero
1:01:46dollars but I'm going you know i'm
1:01:47applying replacing with a record i guess
1:01:50and i'm assuming it does not contribute
1:01:54anything to me buying that accord and if
1:01:56it contributes a little bit then fine
1:01:57piano I just don't want to hassle i
1:01:59would love to just be able to trade it
1:02:00in
1:02:00yeah I don't blame you at all and
1:02:03actually it's kind of speaking of my
1:02:04recent car purchase i wanted to briefly
1:02:06weigh in on the beginning of the talks
1:02:09conversation about buying
1:02:11and so you know i bought the subaru new
1:02:14we bought my wife's monster new we
1:02:17bought the BMW use we have financed and
1:02:20not finance cars and I and I have to
1:02:23tell you in my personal opinion the best
1:02:26way to buy a car is lightly used and if
1:02:30you have the money pay for outright and
1:02:32the reason I say that is because
1:02:33hopefully if it slightly used to have a
1:02:35little bit little bit of warranty left
1:02:36or perhaps depending on the car you may
1:02:38even have a little bit of the
1:02:39maintenance plan left and buying it
1:02:42outright is extremely liberating because
1:02:44then you never ever ever have a car
1:02:45payment which is extremely extremely
1:02:47cool in and I hope I don't sound
1:02:50ridiculous when i say this because I
1:02:51assure you that I have it is not an
1:02:54often occurrence that I would pie a car
1:02:56outright we are no more affluent than
1:03:00anyone else our age but it you know if
1:03:03you save and if you plan for it
1:03:05I absolutely advocate for doing that if
1:03:08possible or putting down a very healthy
1:03:10down payment because then it just makes
1:03:14your lips one less thing to stress about
1:03:16and one of the reasons i don't like the
1:03:17idea of leasing is that i really dislike
1:03:20owing people money and I'm not saying
1:03:21the market that you do but to me that's
1:03:23just I owe somebody money and that that
1:03:25that I don't like that you know I always
1:03:27pay my credit cards off on time you know
1:03:29the only outstanding loan we have right
1:03:31now i believe is our is our mortgage and
1:03:34I just I don't like the idea of owning
1:03:36somebody and so I'm a little surprised
1:03:38markets knowing you as well as I do that
1:03:40you're the that that doesn't bother you
1:03:42that way as well
1:03:43well and normally having a debt over my
1:03:45head does bother me i'm the same way I
1:03:47right right that's like what
1:03:49so I as a total of everything I run the
1:03:51magazine my another this magazine for
1:03:54nerds like us and every issue that comes
1:03:57out i have to pay the writers that were
1:03:59in it and one of the things i hate the
1:04:01most is having to go to bed the night
1:04:03after I published it without having paid
1:04:06somebody because like I don't have their
1:04:08address yet or some some problem like
1:04:10that where like I can't pay you yet
1:04:12because normally I try to pay everybody
1:04:14immediately upon publication or even the
1:04:16day before usually just because i want
1:04:18this like this money is not mine it's
1:04:20over my head like when I pay i pay
1:04:22estimated taxes every month
1:04:24the IRS even though you don't you'll
1:04:26have to pay them every quarter
1:04:27I pay them every month because to me
1:04:29that money that's coming and coming that
1:04:30month that's allocated for taxes that's
1:04:32not my money
1:04:33I don't like I don't want to be holding
1:04:34on to it that you know right so like I
1:04:37definitely do feel that about debts for
1:04:40whatever reason maybe because of the way
1:04:42it's structured I don't know for
1:04:43whatever reason Elise doesn't feel like
1:04:45a debt to me and I know technically it
1:04:47is one but because like it's more like a
1:04:52long rental it like it's you know like
1:04:55could because the end of it is defined
1:04:57so you know i'm not saying i'm buying
1:05:00this car and then i'll sell it sometime
1:05:02for whatever it's worth the end i'm
1:05:04saying i'm going to have this car to do
1:05:07mostly whatever I want to for this
1:05:10period of time for this price spread
1:05:13across monthly payments and and so it
1:05:17doesn't really feel like a debt it feels
1:05:20more like well like Ali like like an
1:05:23apartment lease you know how like okay
1:05:24I'm paying to have this thing for this
1:05:26amount of time and and then at the end I
1:05:28I don't get it anymore
1:05:30like it's really just like a long rental
1:05:33but and I against I know technically it
1:05:36is probably considered that by most
1:05:38measures but it just doesn't have that I
1:05:40feel you guys just need to buy cheaper
1:05:42cars because you know i don't i think we
1:05:45did financing our cars but only because
1:05:47the rates are so low but we could have
1:05:48paid cash for like our first civic as we
1:05:51had the money it was just like that but
1:05:52the different the whatever the interest
1:05:56rate on the loan just so incredibly
1:05:57lower like well if we paid for it would
1:06:00you know drain a lot of our savings down
1:06:03so we'd rather just pay a small amount
1:06:05of interest you know so that we don't
1:06:06have any cash flow problems of some
1:06:08urgency map we would have the money
1:06:09liquid and ready to go you know what i
1:06:11mean but yeah if you buy an expensive
1:06:15cars is no reason you can't just pay
1:06:16cash for them right and especially that
1:06:18is and that is refreshing to just you
1:06:21know to be free and clear when you bring
1:06:23this thing home and not have to worry
1:06:25about like you know if you're doing if
1:06:27you're doing a budget to figure out what
1:06:28you have to put out each month or
1:06:29whatever you can just like set aside you
1:06:32know that is the question of you would
1:06:35you rather have another monthly payment
1:06:36on top of your caramel the payments
1:06:38and then like have to deal with the
1:06:39interest that you're paying on that
1:06:40would you rather just save for the 10
1:06:42years that you own your previous car and
1:06:44then when it's dead
1:06:45take that money that you save and buy
1:06:46the new car right because I mean it's
1:06:48cheaper to is cheaper to pay it out
1:06:50right because you have to pay interest
1:06:51on the loan and even when the interest
1:06:52is low you know like . nine percent or
1:06:54whatever it still adds up over the life
1:06:56of the car so but for expensive cars
1:06:59it's seen unless you're ridiculously
1:07:00rich no one's club and although i think
1:07:03i am the friend of mine who has a
1:07:05hundred and something thousand-dollar
1:07:07car i'm assuming he paid cash for
1:07:09because he's to save like his whole life
1:07:10for that car and then you know it
1:07:13depends on your priorities right if
1:07:14you're single and you just USA I have a
1:07:17good job I've been working for many many
1:07:18years and I've stay put all my money
1:07:20aside to the supercar fund and then you
1:07:23just come in and say oh here you go
1:07:25paying cash yeah and actually i am no
1:07:28financial planner analyst or anything
1:07:30like that but one of the things that I
1:07:31think was brilliant that we did was when
1:07:33we did have two car loans after the
1:07:36first one was done we immediately took
1:07:39all of that money and just dumped into
1:07:41the other car and we ended up paying off
1:07:43but because we were already overpaying
1:07:45on the first car and so we ended up
1:07:48paying off both the cars considerably
1:07:50earlier than then our loans required us
1:07:53to and i will never forget i looked at
1:07:56Aaron one day not too long after we had
1:07:58finished the second car and I said or
1:08:00cheese you know I'm gonna get a little
1:08:02worried that I'm doing bills wrong
1:08:04because i feel like we just have a
1:08:05little bit more money laying around that
1:08:07we ever used to and then it occurred to
1:08:08me oh that's because we're not putting
1:08:10whatever the number was like a thousand
1:08:12dollars a month into these two darn car
1:08:14loans and so I i would absolutely say if
1:08:18you can buy it for you clear just like
1:08:19John in you and I both said i would
1:08:21absolutely do and the other thing I
1:08:22wanted to bring up our order build on is
1:08:26I'm very very very glad that we got one
1:08:29new car each and if you have the money I
1:08:32absolutely recommend it's pretty cool to
1:08:34know nobody's ever screwed around with
1:08:36your car before you now but that being
1:08:38said I haven't got the BMW use knock on
1:08:42glass because that's what my desk is
1:08:43made of it I don't have a problem with
1:08:46it hehe i don't have a problem with it
1:08:48and I'm very glad
1:08:50that we did get the BMW's because
1:08:53candidly if i were to try to buy a 335
1:08:56new there's no way i could afford it so
1:08:59and I think Marco use one of you guys i
1:09:01thought was Marcus said something about
1:09:02this is sure to go but it let me get
1:09:04into a class of car that I may not have
1:09:06otherwise been able to in the cars in
1:09:09great shape and has a blemish here and
1:09:10there and there's you know there's a
1:09:12couple of minor cosmetic dings but that
1:09:14would have anything to do with that
1:09:16would happen even if I bought it new so
1:09:17if you have the means yes absolutely by
1:09:19new but I really really am glad that we
1:09:23got the BMW used and I don't know that
1:09:25I'll ever buy a new car again unless I'm
1:09:27just Scrooge McDuck style swimming
1:09:29through money
1:09:30well I hear there's a lot of money and
1:09:31podcast see all really because I haven't
1:09:34seen anything like this happen all
1:09:36kidding aside I meet it
1:09:38it's cool if you can do it i'm glad i'm
1:09:39very glad that both Aaron and I
1:09:41especially on because she had always
1:09:42drug driven really old cars
1:09:44I'm glad that we both got the chance to
1:09:45get anyone's but i would absolutely say
1:09:48if you find something you like used
1:09:50especially if it's a little bit better
1:09:51than what you would be able to afford
1:09:53new do it
1:09:54I don't have any regrets yet and like
1:09:58the one is another good example because
1:09:59that you just like you mentioned you
1:10:00bought used in and well I mean maybe
1:10:03that's a little different because it's
1:10:03impossible to find you like you would
1:10:05say well but also you haven't had any
1:10:07issues that's true however first of all
1:10:09it's still very young the car is only
1:10:11about a year old
1:10:12that's true and but the thing is with
1:10:15that car because it's both you know both
1:10:18aii own it
1:10:19I'm not leasing it so i have to consider
1:10:21a resale value of fluctuations and be
1:10:24because it's like this collectible rare
1:10:27car i am really scared about damage in
1:10:30that car like i have a level of paranoia
1:10:32and nervousness about that I really
1:10:34didn't think i would have and like I'm
1:10:39very very scared of damage I i'm so
1:10:40paranoid and like up you know i'll take
1:10:44out my 328 in any conditions at you know
1:10:47as long as it's safe to drive at all
1:10:49i'll take it out
1:10:50whereas the one hand i'm like me you
1:10:52know it's it's raining slightly hey
1:10:54don't or like you know they're I i'm
1:10:57driving to someplace where there might
1:10:58be a pebble on the road like i'm i'm i'm
1:11:01so paranoid about that i'm i'm not able
1:11:03to enjoy this
1:11:04only as I probably should that's why i
1:11:07like when it came time to decide what my
1:11:09next car was with the m5 I didn't even
1:11:11consider buying it or financing it i
1:11:15didn't even consider that i said i will
1:11:17i will only get an m5 if I can lease it
1:11:19because i don't want the stress of that
1:11:22your daughter is going to be paranoid
1:11:24driving that thing around exactly but
1:11:26it's so some for some reason the one
1:11:28hand was like oh I don't want to drive
1:11:29or repeal the m5 guys just like an
1:11:31everyday car
1:11:32well because because it's gonna be my
1:11:34everyday lease that I mean I i know this
1:11:36is ridiculous i was going to say an m5
1:11:38right I'll be nervous for the first
1:11:40month until I get the first stuff on it
1:11:42somewhere and then and then I won't
1:11:44worry about it because it's elise like
1:11:45that's the beauty of leasing I would
1:11:47never in a million years feel
1:11:50comfortable buying this m5 and having
1:11:52that having that like hanging over me as
1:11:55this thing I have to make sure i don't
1:11:56cause much damage to it if you're
1:11:58missing out with the leasing is like
1:11:59having that decade long relationship
1:12:01with the car work becomes kind of like a
1:12:03family member and like you kind of you
1:12:05know you can't break it in and you know
1:12:08that that that's a fun thing to do and
1:12:11it
1:12:11I don't know if m5's are geared towards
1:12:14that because they made that they may end
1:12:16up being a little finicky and kind of
1:12:18temperamental and not the kind of car
1:12:20that you break-in over the course of a
1:12:24decade or so but who knows maybe they
1:12:25are but you'll never get a chance to
1:12:26find out because three years it will be
1:12:28out your door
1:12:29yeah i'm just i'm not that sentimental
1:12:30about about getting to know one car for
1:12:32a while
1:12:33well you've never committed to a
1:12:34relationship with the car haha the same
1:12:37thing is you're you're right though John
1:12:39because I mean as much as I bead on the
1:12:41subaru I'm gonna I'm gonna be sad when
1:12:43it goes i haven't driven it since I've
1:12:44been driven it like twice since I've
1:12:46gotten the BMW but I'm still gonna miss
1:12:49you my old weird when my own weird way
1:12:51when it's gone like I saw it like I told
1:12:53you earlier i didn't even have the see
1:12:54that long it wasn't a family for like
1:12:55five years but I personally didn't own
1:12:57it for that long and I still to this day
1:12:59miss that car and Aaron before she had
1:13:02her purse before she got her
1:13:04mazda she had a 1991 dodge spirit which
1:13:08probably cost $13 rolling off the
1:13:10showroom floor and in its defense that
1:13:13little
1:13:14bastard started every single time even
1:13:16if we hadn't touched it for months but
1:13:18she cried when that car left not
1:13:21actually was a little bit said even
1:13:22though I hated that piece of crap I get
1:13:25it you're right on it just becomes
1:13:26becomes part of the family and and you
1:13:28don't really get that with Elise which
1:13:31isn't necessarily bad but you are kind
1:13:33of missing out on your own little way
1:13:34well I'm I'm missing out on that but i'm
1:13:37also missing out on all the downside of
1:13:39all that you know the the other you
1:13:41already there at the as as John said
1:13:44earlier the car lottery of you know is
1:13:45this is this one going to be a lemon
1:13:46like it and it's going to require one
1:13:48more maintenance than it should like
1:13:50once again these are all perfect analogy
1:13:52to children you know or pets pets is a
1:13:56another one because you know the pets
1:13:58are gonna die before you so it's like
1:14:01well like what do I get am I going to
1:14:02get is this is just all gonna have some
1:14:04weird disease and that eventually it's
1:14:06gonna die that's going to be sad and you
1:14:09never know like but you still do it
1:14:11because you know that the relationship
1:14:13is worth it so I think eventually Marco
1:14:15you should settle down with a nice car
1:14:17for the long haul
1:14:19well in fact one of the this is gonna
1:14:21sound ridiculous now but you know with
1:14:24328i least it I I was not able to afford
1:14:29it with a whole lot of headroom at the
1:14:31time and and so I i keep down some of
1:14:35the options i didn't get the I driving
1:14:36at 335 like that there's a few i didn't
1:14:39get the Xenon's like there's a few
1:14:40things that I didn't get on it and you
1:14:43mean all the things I told you to get
1:14:45the end I regret yes okay yes and so
1:14:49they're like so when the idea came up
1:14:53about a year ago okay well I guess
1:14:54you're thinking maybe what I want to do
1:14:56next when this lease is over I did
1:14:58consider is buying it but I immediately
1:15:00ruled that out because like if i'm going
1:15:02to buy a car
1:15:03I'm not gonna buy this car like i'll buy
1:15:06one that's fully to have so one thing I
1:15:07did with the m5 is I equipped it such
1:15:10that I'd be happy buying it if it came
1:15:12down to that so I i'll just see it when
1:15:15you have at least you have that option
1:15:17unless you have an ev1 but otherwise you
1:15:19have that option and you know you can
1:15:21just you can live with it for three
1:15:23years and then decide okay do I want
1:15:26some more time with this car
1:15:27or not and and that I think again it's
1:15:30it's the flexibility you have with the
1:15:32least you know you don't have the
1:15:33flexibility in in mileage or some of the
1:15:37things you can do it but you have
1:15:39tremendous flexibility in you know you
1:15:43want to own this car for 43 years and
1:15:46then just a site decide then what you
1:15:47want to do with no financial risk really
1:15:50involved we'll see what happens that I'm
1:15:55i'm curious to see what what the first
1:15:58week of ownership is like and then what
1:16:01it's like once it gets off the boat and
1:16:02it's totally not leasing a puppy just
1:16:06like it that there are all their risks
1:16:08and you never know what you're going to
1:16:10get and it's probably going to have a
1:16:11sad ending but the time you have it you
1:16:14know you want to have that long-term
1:16:15relationship you know I just keep
1:16:17returning the puppy every three years