1 00:00:00,200 --> 00:00:02,800 Speaker 1: Ron Andanian. Now here's the part I don't get. I 2 00:00:02,840 --> 00:00:06,960 Speaker 1: want to understand. How come if cars are made better 3 00:00:07,320 --> 00:00:10,559 Speaker 1: and they're lasting longer that a lot of you say, 4 00:00:10,600 --> 00:00:13,399 Speaker 1: I'm gonna lease a car because I don't want to 5 00:00:13,400 --> 00:00:18,840 Speaker 1: have to pay for repairs. Cane my happy business. Look 6 00:00:18,840 --> 00:00:22,960 Speaker 1: it can by me of both can by me and 7 00:00:23,120 --> 00:00:29,040 Speaker 1: drug to pull can by met and asked down Selve 8 00:00:30,400 --> 00:00:32,560 Speaker 1: the car doctor. Can you molle the one? Do you do? 9 00:00:32,600 --> 00:00:36,000 Speaker 1: You use a snow thrower? You pull on that you 10 00:00:36,040 --> 00:00:38,880 Speaker 1: know starter cord. That's the starter in the battery right there. 11 00:00:39,080 --> 00:00:41,199 Speaker 1: If you can crank it. It's not that your arm 12 00:00:41,280 --> 00:00:43,280 Speaker 1: is broken. It's not for the ropes not work and 13 00:00:43,560 --> 00:00:46,680 Speaker 1: it just doesn't catch. Welcome to the radio home of 14 00:00:46,840 --> 00:00:51,080 Speaker 1: ron and Anian the Car Doctor, since this is where 15 00:00:51,159 --> 00:00:55,040 Speaker 1: car owners the world overturned to for their definitive opinion 16 00:00:55,120 --> 00:00:59,000 Speaker 1: on automotive repair. If your mechanics giving you a busy signal, 17 00:00:59,160 --> 00:01:02,040 Speaker 1: pick up the phone and call in the garage to 18 00:01:02,160 --> 00:01:04,280 Speaker 1: orders are open. But I am here to take your 19 00:01:04,280 --> 00:01:12,160 Speaker 1: calls at eight five five six and now running, Hey 20 00:01:12,160 --> 00:01:15,839 Speaker 1: start your engines eight five five five zero nine zero zero. 21 00:01:15,880 --> 00:01:18,720 Speaker 1: Ronny in the Car Doctor here conversing with you this 22 00:01:18,840 --> 00:01:21,039 Speaker 1: hour as we continue to motor forth and talk about 23 00:01:21,040 --> 00:01:23,720 Speaker 1: automobiles and all that goes on with them in terms 24 00:01:23,720 --> 00:01:27,200 Speaker 1: of repairing them, maintaining them, keeping them, leasing them, buying them, 25 00:01:27,240 --> 00:01:29,800 Speaker 1: constructing them, and you name it. You got a topic, 26 00:01:29,800 --> 00:01:31,360 Speaker 1: we'll give you the answers and we'll have a great 27 00:01:31,400 --> 00:01:35,280 Speaker 1: time talking about it. Eight five zero nine nine zero zero. 28 00:01:35,520 --> 00:01:38,480 Speaker 1: Of course, we're podcasting as well. Car Doctor Show dot com. 29 00:01:38,520 --> 00:01:41,160 Speaker 1: You can catch us out there just click subscribe. Some 30 00:01:41,240 --> 00:01:43,520 Speaker 1: changes coming to podcasting in the next couple of weeks, 31 00:01:43,800 --> 00:01:45,480 Speaker 1: so we look forward to that. We'll talk about that 32 00:01:45,520 --> 00:01:47,680 Speaker 1: more as time rolls on. We just signed the deal 33 00:01:47,760 --> 00:01:50,760 Speaker 1: this week, and uh we sally forth and continue on 34 00:01:51,080 --> 00:01:54,680 Speaker 1: in our in our independent syndication efforts here. And I 35 00:01:54,720 --> 00:01:56,960 Speaker 1: think my crew is we kind of put our best 36 00:01:57,000 --> 00:02:00,000 Speaker 1: foot forward each and every week, putting our best food 37 00:02:00,040 --> 00:02:03,160 Speaker 1: forward each and every week. Well, our next guest is 38 00:02:03,200 --> 00:02:06,480 Speaker 1: no stranger to that. He is constantly writing and talking 39 00:02:06,520 --> 00:02:09,600 Speaker 1: about this industry, the automobile and all that it pertains too. 40 00:02:09,639 --> 00:02:12,560 Speaker 1: And I'm sure, um, you know, we could probably dedicate 41 00:02:12,600 --> 00:02:15,440 Speaker 1: two hours to Paul Eizenstein and he would not run 42 00:02:15,480 --> 00:02:17,800 Speaker 1: out of things to discuss and talk about because Uh, 43 00:02:18,280 --> 00:02:21,040 Speaker 1: he's um, he's just he's This guy is great. This 44 00:02:21,080 --> 00:02:23,680 Speaker 1: is gonna be a great conversation, and I once again 45 00:02:23,720 --> 00:02:26,800 Speaker 1: welcome back Paul Eisenstein, the Detroit Bureau dot com. Paul, 46 00:02:26,800 --> 00:02:29,920 Speaker 1: how are you today, sir? I am having a blast. 47 00:02:29,960 --> 00:02:31,760 Speaker 1: Can you hear that noise in the background. I'm not 48 00:02:31,800 --> 00:02:34,679 Speaker 1: sure how how noisy it is? But you want to 49 00:02:34,680 --> 00:02:39,600 Speaker 1: guess where I am right now? Vegas? Nope. I skipped 50 00:02:39,600 --> 00:02:41,919 Speaker 1: Pebble Beach this year because I wanted to stay close 51 00:02:42,000 --> 00:02:44,040 Speaker 1: to the home. Uh. I happen to live on the 52 00:02:44,120 --> 00:02:46,600 Speaker 1: about a half a block off of what's known as 53 00:02:46,639 --> 00:02:52,919 Speaker 1: Woodward Avenue Drag the Woodward Cruise. Yeah. I am right 54 00:02:52,919 --> 00:02:58,840 Speaker 1: now standing at about just north of eleven mile uh, 55 00:02:58,880 --> 00:03:01,720 Speaker 1: looking north, and as far as I can tell, the 56 00:03:01,720 --> 00:03:05,480 Speaker 1: crowd goes to Pontiac another dozen miles, and it probably 57 00:03:05,520 --> 00:03:10,120 Speaker 1: goes three miles south. It is four lanes each way, 58 00:03:10,680 --> 00:03:17,000 Speaker 1: completely totally packed. I have seen anything and everything from 59 00:03:17,000 --> 00:03:20,120 Speaker 1: believe it or not, a tesla and the Ferraris. I'm 60 00:03:20,120 --> 00:03:23,080 Speaker 1: looking at an old g T five right now, here's 61 00:03:23,080 --> 00:03:28,480 Speaker 1: a nineteen forty nine I believe Plymouth. Uh over, there's 62 00:03:28,520 --> 00:03:30,840 Speaker 1: a hell cat by the way. I'm driving. When I 63 00:03:30,880 --> 00:03:33,280 Speaker 1: go back in, I'm gonna be driving the hell Cat. 64 00:03:33,360 --> 00:03:37,920 Speaker 1: Wide body, nice and yellow, very subtle. I've seen boats 65 00:03:38,360 --> 00:03:41,680 Speaker 1: with wheels I have seen. I'm looking right now, what 66 00:03:41,800 --> 00:03:47,560 Speaker 1: looks like about a nineteen F one, the original F pickup. 67 00:03:48,080 --> 00:03:51,040 Speaker 1: I mean, I don't think there's a car that I 68 00:03:51,120 --> 00:03:53,360 Speaker 1: have not seen out here in the last couple of hours. 69 00:03:53,480 --> 00:03:55,760 Speaker 1: Keep your keep your eye out. Speaking of yellow, you 70 00:03:55,800 --> 00:03:58,800 Speaker 1: see a thirty two coupe five window. Um, I'm still 71 00:03:58,840 --> 00:04:00,640 Speaker 1: looking for mine. I want to It's the last car 72 00:04:00,680 --> 00:04:04,520 Speaker 1: on my list for this week. Um, everybody wants one 73 00:04:04,560 --> 00:04:08,240 Speaker 1: of those, right. Um? Let me ask you a quick 74 00:04:08,320 --> 00:04:10,160 Speaker 1: question on the side before we start on our course 75 00:04:10,160 --> 00:04:12,840 Speaker 1: of conversation. Have you seen this piece on the History 76 00:04:12,920 --> 00:04:16,919 Speaker 1: Channel about the American automobile industry? No, actually I have not. 77 00:04:17,120 --> 00:04:18,720 Speaker 1: I would like to see it, I just haven't had 78 00:04:18,760 --> 00:04:21,240 Speaker 1: a chance. Worth one more. I think it's on. I 79 00:04:21,240 --> 00:04:24,039 Speaker 1: think it's on again tonight. Um, they're actually gonna show 80 00:04:24,080 --> 00:04:28,280 Speaker 1: all three parts. It's fascinating. I didn't realize that the 81 00:04:28,360 --> 00:04:33,320 Speaker 1: Dodge brothers actually started out working for Henry Ford. Yes 82 00:04:33,360 --> 00:04:40,200 Speaker 1: they did. And here's a very interesting, little controversial tidbit. Uh. 83 00:04:40,240 --> 00:04:43,839 Speaker 1: They broke off they try to get financing. Supposedly, Henry 84 00:04:43,839 --> 00:04:47,560 Speaker 1: Ford made sure that the banks in Detroit did not 85 00:04:48,120 --> 00:04:53,040 Speaker 1: give the money. So they went outside and uh, well, 86 00:04:53,120 --> 00:04:56,560 Speaker 1: have you ever seen the logo on the first few 87 00:04:56,640 --> 00:05:01,080 Speaker 1: generations of Dodge products. I've never I've seen it, but 88 00:05:01,120 --> 00:05:03,279 Speaker 1: I don't think I've paid attention to it. Why what 89 00:05:03,400 --> 00:05:06,000 Speaker 1: is it? All Right, I'm gonna leave this a secret. 90 00:05:06,120 --> 00:05:07,960 Speaker 1: You and I got to talk about it next time 91 00:05:08,000 --> 00:05:10,440 Speaker 1: I'm on the air. That's a deal. That's a deal. 92 00:05:10,440 --> 00:05:13,120 Speaker 1: We'll talk about We'll talk about the history, because there's 93 00:05:13,120 --> 00:05:16,599 Speaker 1: a controversial one. And anybody who's listening go out and 94 00:05:16,680 --> 00:05:19,880 Speaker 1: look at the Dodge Brothers logos on their very very 95 00:05:19,960 --> 00:05:22,320 Speaker 1: first starts and that will give you a little bit 96 00:05:22,360 --> 00:05:24,680 Speaker 1: of a hint about Well, I've already given you a hint. 97 00:05:25,040 --> 00:05:27,479 Speaker 1: It came to a question of financing. Yeah, save it. 98 00:05:27,480 --> 00:05:30,359 Speaker 1: We'll talk about it. That's um, yeah, it's but it's fascinating. 99 00:05:30,440 --> 00:05:34,480 Speaker 1: Walter P. Chrysler worked for GM, you know, the Dodge 100 00:05:34,520 --> 00:05:37,919 Speaker 1: Brothers passed, then Chrystler buys Dodge, starts out on his 101 00:05:37,960 --> 00:05:40,680 Speaker 1: own with Chrysler and Dodge together. How it all came 102 00:05:40,760 --> 00:05:43,960 Speaker 1: to be is it's probably a movie more so than 103 00:05:44,040 --> 00:05:46,960 Speaker 1: just a couple of segments on a TV channel. I'm 104 00:05:47,000 --> 00:05:50,360 Speaker 1: surprised that we haven't seen more movies about the auto industry. 105 00:05:50,440 --> 00:05:52,400 Speaker 1: Usually they tend to you know, a few that we've 106 00:05:52,400 --> 00:05:55,640 Speaker 1: seen tend to go soa proper issue. Though. It was 107 00:05:55,680 --> 00:05:57,760 Speaker 1: fun to look at that movie some years back on 108 00:05:58,800 --> 00:06:03,599 Speaker 1: a Tucker and Uh, oh, here we go, I Sherry 109 00:06:04,160 --> 00:06:08,559 Speaker 1: Sherry Barracuda. Don't mind me. I'm gonna probably interrupt myself 110 00:06:08,560 --> 00:06:13,800 Speaker 1: a few times. We need to get is just we 111 00:06:13,839 --> 00:06:15,520 Speaker 1: need to get a video feed the next time we 112 00:06:15,600 --> 00:06:18,239 Speaker 1: do this. Oh man, I ran one on my site. 113 00:06:18,240 --> 00:06:19,720 Speaker 1: You might be able to pull it. I ran about 114 00:06:19,760 --> 00:06:22,520 Speaker 1: ten minutes from from a cherry picker looking down. So 115 00:06:22,560 --> 00:06:25,440 Speaker 1: if you go over there on my uh, on my timeline, 116 00:06:25,440 --> 00:06:28,520 Speaker 1: you anybody who's listening, you'll get uh, you'll get about 117 00:06:28,520 --> 00:06:32,320 Speaker 1: a ten fifty minute look at the dream cruise. Okay, cool. Um, 118 00:06:32,400 --> 00:06:34,359 Speaker 1: let's start where I want to start. Leasing is a 119 00:06:34,400 --> 00:06:38,640 Speaker 1: hot topic. Leasing is back again. Um, I've got oh, 120 00:06:38,680 --> 00:06:42,720 Speaker 1: somebody's having a good time. Um. Recent article out of 121 00:06:42,839 --> 00:06:47,160 Speaker 1: Chicago Tribune that says, and I don't understand this, that 122 00:06:47,440 --> 00:06:54,040 Speaker 1: leasing has skyrocketed in four point three million vehicles that's 123 00:06:54,400 --> 00:06:58,480 Speaker 1: that's and hold on just one second. Where did you go? 124 00:07:00,120 --> 00:07:02,200 Speaker 1: Sorry about that? I had to get the shot there 125 00:07:02,360 --> 00:07:05,920 Speaker 1: is Oh my goodness, there is a DeLorean done up 126 00:07:06,440 --> 00:07:13,880 Speaker 1: like sorry about that, but uh, there is a DeLorean 127 00:07:13,920 --> 00:07:17,240 Speaker 1: that I just got done up absolutely like uh, like 128 00:07:17,400 --> 00:07:22,680 Speaker 1: it was in Back to the Future, absolutely amazing. It 129 00:07:22,800 --> 00:07:28,679 Speaker 1: might be anyway. Okay, so I'll try to pay attention. 130 00:07:28,720 --> 00:07:31,920 Speaker 1: Now we're on the air. So here's here's the thing. 131 00:07:32,640 --> 00:07:37,880 Speaker 1: Leasing was incredibly big up until right into the last 132 00:07:37,920 --> 00:07:42,520 Speaker 1: down turn and it crashed and burned. Several automakers GM, 133 00:07:42,600 --> 00:07:46,960 Speaker 1: for example, they were in such financial trouble that they 134 00:07:46,960 --> 00:07:49,720 Speaker 1: could not lease vehicles for several years. You saw must 135 00:07:49,800 --> 00:07:54,160 Speaker 1: no leasing at all from about oh nine through about 136 00:07:54,200 --> 00:07:57,880 Speaker 1: two thousand twelve two thirteen. It has come back strong, 137 00:07:58,000 --> 00:08:02,040 Speaker 1: particularly in the luxury segments. Now there's a few reasons. 138 00:08:02,120 --> 00:08:06,120 Speaker 1: Number One, people often like to get the ability to 139 00:08:06,200 --> 00:08:11,000 Speaker 1: change their vehicles as quickly as possible, so they don't 140 00:08:11,080 --> 00:08:14,960 Speaker 1: have to worry about, uh, they don't have to worry 141 00:08:15,040 --> 00:08:20,760 Speaker 1: about getting getting a new vehicle and and uh having 142 00:08:20,800 --> 00:08:23,200 Speaker 1: the trade in and worry about losing money. You go 143 00:08:23,280 --> 00:08:25,800 Speaker 1: into a lease, you know exactly what it's going to 144 00:08:25,920 --> 00:08:28,080 Speaker 1: be at the end of the lease, you're gonna basically 145 00:08:28,080 --> 00:08:30,720 Speaker 1: be able to walk away. Some people just don't like 146 00:08:30,880 --> 00:08:33,320 Speaker 1: the fact that after two or three or four years 147 00:08:33,760 --> 00:08:37,480 Speaker 1: they may have repairs even as they're under warranty, And 148 00:08:37,520 --> 00:08:40,600 Speaker 1: it's just the cost issue. The reality is, in most 149 00:08:40,600 --> 00:08:44,680 Speaker 1: cases leases are going to be cheaper. Uh and Ron, 150 00:08:44,840 --> 00:08:48,520 Speaker 1: watch what happens. Watch this space going into the into 151 00:08:48,559 --> 00:08:51,720 Speaker 1: the downturn, the US auto sales downturn that we seem 152 00:08:51,760 --> 00:08:55,120 Speaker 1: to be going into right now, because automakers tend to 153 00:08:55,200 --> 00:08:58,559 Speaker 1: do a lot of subsidized leases in situations like this 154 00:08:58,880 --> 00:09:01,880 Speaker 1: to try to get people into new products, so we 155 00:09:01,920 --> 00:09:04,400 Speaker 1: may see even more of a burst of leasing in 156 00:09:04,440 --> 00:09:08,280 Speaker 1: the year ahead. The thing I don't understand, Paul and 157 00:09:08,559 --> 00:09:11,320 Speaker 1: what you just said regarding leasing tends to be cheaper. 158 00:09:11,480 --> 00:09:14,520 Speaker 1: A customer brought me a lease quote and a purchase 159 00:09:14,600 --> 00:09:17,079 Speaker 1: quote the other day for a Ford Escape I think 160 00:09:17,120 --> 00:09:20,280 Speaker 1: it was, and when we compared it now, I took 161 00:09:20,320 --> 00:09:23,080 Speaker 1: the down stroke right. They wanted three thousand dollars down 162 00:09:23,080 --> 00:09:25,400 Speaker 1: on the lease. Actually, I'm sorry, I take that back. 163 00:09:25,440 --> 00:09:29,360 Speaker 1: They wanted down on the lease and with the purchase 164 00:09:29,400 --> 00:09:33,240 Speaker 1: of a thirty thousand dollar escape, the lease payment when 165 00:09:33,240 --> 00:09:35,960 Speaker 1: you add in the down payment the three thousand, and 166 00:09:37,559 --> 00:09:39,360 Speaker 1: it came out that she was Actually they said it 167 00:09:39,400 --> 00:09:41,920 Speaker 1: was a three sixty nine a monthly. It actually came 168 00:09:41,920 --> 00:09:45,600 Speaker 1: out to be four hundred and five bucks because because 169 00:09:45,600 --> 00:09:48,560 Speaker 1: of the down stroke. All right, then when you looked 170 00:09:48,559 --> 00:09:51,160 Speaker 1: at the purchase of the vehicle, it came out to 171 00:09:51,200 --> 00:09:53,680 Speaker 1: be I think it was three d and forty nine dollars, 172 00:09:54,000 --> 00:09:58,240 Speaker 1: but for six years. So yeah, you're paying you're paying 173 00:09:58,280 --> 00:10:00,720 Speaker 1: more over the long term, but in that same three 174 00:10:00,800 --> 00:10:05,720 Speaker 1: year period, your initial cost was higher. And in my 175 00:10:05,800 --> 00:10:08,240 Speaker 1: mind I said, I said I'd buy the car because 176 00:10:08,280 --> 00:10:10,400 Speaker 1: at the end of five years or four years or whatever, 177 00:10:10,559 --> 00:10:14,920 Speaker 1: you'll have something to sell. Maybe I'm wrong. Well, you know, 178 00:10:14,960 --> 00:10:17,520 Speaker 1: it's it's an interesting issue. And I think that the 179 00:10:18,200 --> 00:10:20,760 Speaker 1: best recommendation I can give to anybody is to do 180 00:10:20,840 --> 00:10:24,280 Speaker 1: exactly what you just did, which is to take the 181 00:10:24,440 --> 00:10:27,559 Speaker 1: time to actually do your math. A lot of people 182 00:10:27,600 --> 00:10:30,440 Speaker 1: don't want to do the math. They walk in dealers 183 00:10:30,480 --> 00:10:32,680 Speaker 1: tell them, oh, it's a great deal, here's where it's at, 184 00:10:33,440 --> 00:10:35,880 Speaker 1: and they just take it. Do your math and and 185 00:10:35,920 --> 00:10:38,720 Speaker 1: some of the things you may want to consider. Uh, 186 00:10:38,840 --> 00:10:42,319 Speaker 1: sometimes it is better or you're better off if you're 187 00:10:42,360 --> 00:10:45,000 Speaker 1: getting something that's a little bit unusual. Let's say you 188 00:10:45,040 --> 00:10:49,280 Speaker 1: want to get that that really wild orange paint job 189 00:10:49,960 --> 00:10:53,720 Speaker 1: on on that well let or Escape or your Mustang 190 00:10:53,840 --> 00:10:57,320 Speaker 1: or whatever, something that may or may not be in 191 00:10:57,400 --> 00:11:00,439 Speaker 1: high demand when it's time to trade in. A lot 192 00:11:00,480 --> 00:11:02,640 Speaker 1: of times, if you if you get the vehicle with 193 00:11:02,679 --> 00:11:05,160 Speaker 1: a lease, you don't have to worry, oh my god, 194 00:11:05,280 --> 00:11:07,839 Speaker 1: is this color going to turn people off? So I'm 195 00:11:07,880 --> 00:11:09,800 Speaker 1: not gonna be able to trade it in, or I'm 196 00:11:09,800 --> 00:11:12,520 Speaker 1: going to get a really bad value on it. Uh 197 00:11:12,559 --> 00:11:17,440 Speaker 1: So there are some definite advantages in many cases. Automakers 198 00:11:17,559 --> 00:11:22,240 Speaker 1: often subsidize leases, but you really need to do your math, 199 00:11:22,880 --> 00:11:25,839 Speaker 1: and and that goes with everything you get. People will 200 00:11:25,880 --> 00:11:29,280 Speaker 1: talk about incentives, but you may not get the lower 201 00:11:29,440 --> 00:11:32,920 Speaker 1: interest rates that you're looking for no matter what you do. 202 00:11:33,000 --> 00:11:36,439 Speaker 1: When you go and buy a car, check the math. 203 00:11:36,679 --> 00:11:38,800 Speaker 1: And by the way, when you do in the check 204 00:11:38,840 --> 00:11:41,160 Speaker 1: the mask. It's not a bad idea to talk to 205 00:11:41,200 --> 00:11:44,960 Speaker 1: your personal bank. A lot of banks right now are 206 00:11:45,160 --> 00:11:49,200 Speaker 1: trying to get in big into auto financing, and in 207 00:11:49,200 --> 00:11:51,760 Speaker 1: that case, if you're a customer you've got a good 208 00:11:51,760 --> 00:11:54,800 Speaker 1: account with them, they may offer you a surprisingly low 209 00:11:54,840 --> 00:11:58,040 Speaker 1: interest rate. Even better than some of the rates you 210 00:11:58,080 --> 00:12:01,520 Speaker 1: get at the dealership, and we seen that as well. Hey, Paul, 211 00:12:01,559 --> 00:12:03,920 Speaker 1: take a seat, pull over and just enjoy the cruise 212 00:12:03,960 --> 00:12:06,280 Speaker 1: for a couple of minutes, and we're gonna pull over 213 00:12:06,320 --> 00:12:07,920 Speaker 1: and do a couple of things here. We'll be right 214 00:12:07,960 --> 00:12:11,120 Speaker 1: back and we'll have this conversation to continue, and maybe 215 00:12:11,120 --> 00:12:12,640 Speaker 1: you can tell us if that de Lorian has a 216 00:12:12,679 --> 00:12:14,719 Speaker 1: flex capacity or not, and if it's working. Go take 217 00:12:14,760 --> 00:12:16,480 Speaker 1: a look. I'm running any in The Car Doctor w 218 00:12:16,600 --> 00:12:18,959 Speaker 1: hear with Paul Eisensteiner, the Detroit Bureau dot Com. We'll 219 00:12:18,960 --> 00:12:24,679 Speaker 1: both be back right after this. The Car Doctor were 220 00:12:24,720 --> 00:12:27,480 Speaker 1: here with Paul Eisensteiner, the Detroit Bureau. Paul, you're still there? 221 00:12:27,520 --> 00:12:30,880 Speaker 1: Are you drooling over cars coming down Woodward? Oh? I 222 00:12:30,960 --> 00:12:34,200 Speaker 1: am here. I'm just having a blast. I keep trying 223 00:12:34,240 --> 00:12:37,199 Speaker 1: to count how many how many really unusual cars I 224 00:12:37,280 --> 00:12:40,640 Speaker 1: keep seeing go buy me? And I definitely lost count 225 00:12:40,720 --> 00:12:44,760 Speaker 1: on how many muscle cars classics. This is just just something. 226 00:12:44,800 --> 00:12:48,520 Speaker 1: If you know anybody who has a love of cars 227 00:12:48,679 --> 00:12:51,320 Speaker 1: and wants to have a bucket list, if you don't 228 00:12:51,360 --> 00:12:54,719 Speaker 1: have the Woodward Dream Cruise on it, well you are 229 00:12:54,880 --> 00:13:00,200 Speaker 1: somehow your your your buckets head empty. Yeah, yeah, I said, 230 00:13:00,200 --> 00:13:01,840 Speaker 1: I'm on your I'm on your web page at the 231 00:13:01,840 --> 00:13:06,000 Speaker 1: Detroit Bureau dot com and I'm looking for this feed. 232 00:13:06,040 --> 00:13:07,959 Speaker 1: I thought i'd put it up on our Facebook page. 233 00:13:07,960 --> 00:13:10,480 Speaker 1: I don't see it. Are you sure it's there? No, 234 00:13:10,640 --> 00:13:13,120 Speaker 1: we have it on it should be there should be 235 00:13:13,160 --> 00:13:15,400 Speaker 1: a link to my live feed that I put out 236 00:13:15,400 --> 00:13:18,880 Speaker 1: there just a little while ago, somewhere on the on 237 00:13:18,920 --> 00:13:22,840 Speaker 1: my Facebook page, on your Facebook page, okayak page? Yeah, no, 238 00:13:22,920 --> 00:13:25,160 Speaker 1: I don't have it. Unfortunately, we don't have live video 239 00:13:25,200 --> 00:13:28,280 Speaker 1: on the site yet. That's coming. Redesign we have coming. 240 00:13:28,720 --> 00:13:32,080 Speaker 1: Would Tom go over to Paul Eisenstein's Facebook page and 241 00:13:32,120 --> 00:13:34,920 Speaker 1: share it from his page to our so the listeners, um, 242 00:13:34,960 --> 00:13:36,360 Speaker 1: if they don't find that, I want to'll find it 243 00:13:36,440 --> 00:13:37,760 Speaker 1: on the other they can get out there and look 244 00:13:37,800 --> 00:13:41,760 Speaker 1: at it. Um fantastic, And uh you will see a 245 00:13:41,800 --> 00:13:44,920 Speaker 1: full report later today and uh more over the weekend 246 00:13:45,320 --> 00:13:51,000 Speaker 1: on the Woodward Dream, crust, photos, interviews and all sorts 247 00:13:51,000 --> 00:13:53,000 Speaker 1: of fun things. And by the way, one of the 248 00:13:53,040 --> 00:13:55,360 Speaker 1: cars I'm looking at right now, I'm actually over at 249 00:13:56,040 --> 00:13:59,800 Speaker 1: the headquarters, if you will, Afford Motor Company, which is 250 00:14:00,440 --> 00:14:03,360 Speaker 1: uh for headquarters for the Dream cruise. Uh they've been 251 00:14:03,400 --> 00:14:05,960 Speaker 1: a big automotive sponsor right now, And there's a couple 252 00:14:06,000 --> 00:14:09,400 Speaker 1: of lovely machines here that I'm looking at. One is 253 00:14:09,600 --> 00:14:14,359 Speaker 1: an F one night, first vehicle to carry the F designation. 254 00:14:15,160 --> 00:14:16,920 Speaker 1: That's pretty cool. As matter of fact, I'm gonna try 255 00:14:16,920 --> 00:14:20,440 Speaker 1: to drive it later. But there's another one just nearby, 256 00:14:20,520 --> 00:14:25,960 Speaker 1: and it's a nineteen twenty Ford t t You know 257 00:14:26,000 --> 00:14:32,440 Speaker 1: what that is. No, that is the very first pickup truck. 258 00:14:33,280 --> 00:14:38,040 Speaker 1: It actually was built first in nineteen seventeen. Uh four, 259 00:14:38,120 --> 00:14:40,080 Speaker 1: doesn't have one of the originals, but it does have 260 00:14:40,200 --> 00:14:46,120 Speaker 1: a beautifully restored nineteen model. You know, it's it's you know, 261 00:14:46,160 --> 00:14:50,320 Speaker 1: going back to that History Channel presentation, Ford Motor Company 262 00:14:50,800 --> 00:14:54,880 Speaker 1: created the middle class in America pretty much, you know, 263 00:14:54,960 --> 00:14:57,680 Speaker 1: because they were coming to work in Detroit and Henry 264 00:14:57,680 --> 00:15:01,440 Speaker 1: Ford offered workers five dollars at day at the time 265 00:15:01,440 --> 00:15:04,760 Speaker 1: when everybody was making two fifty and they were they said, 266 00:15:04,840 --> 00:15:07,640 Speaker 1: they say, people were lined up around the block trying 267 00:15:07,680 --> 00:15:09,840 Speaker 1: to get to work for five dollars a day. He 268 00:15:09,880 --> 00:15:12,040 Speaker 1: created the middle class by giving people more money in 269 00:15:12,080 --> 00:15:15,040 Speaker 1: their pockets than any any time in previous history. But 270 00:15:15,240 --> 00:15:18,600 Speaker 1: just just just crazy, um a little bit bit. Do 271 00:15:18,720 --> 00:15:21,560 Speaker 1: you know why Ford went to five dollars a day? 272 00:15:23,360 --> 00:15:25,600 Speaker 1: Work in the auto industry back down on the assembly 273 00:15:25,680 --> 00:15:29,280 Speaker 1: line was a grueling, horrible, horribly difficult job. A lot 274 00:15:29,280 --> 00:15:32,120 Speaker 1: of people got killed, a lot of people got permanently injured, 275 00:15:32,640 --> 00:15:36,280 Speaker 1: and the the turnover at the plants was measured in 276 00:15:36,320 --> 00:15:39,760 Speaker 1: the hundreds of percent a year, meaning, uh, there was 277 00:15:39,800 --> 00:15:43,080 Speaker 1: a good shot that uh that any particular job in 278 00:15:43,120 --> 00:15:47,920 Speaker 1: the line would see two, three, even four people work 279 00:15:48,040 --> 00:15:50,320 Speaker 1: that job over the course of a year. And of 280 00:15:50,360 --> 00:15:52,920 Speaker 1: course we all know when you have constant turnover, it 281 00:15:53,040 --> 00:15:56,600 Speaker 1: leads to quality and uh and productivity issues. So Ford 282 00:15:56,720 --> 00:15:59,240 Speaker 1: finally said, I've got to pay these people and a 283 00:15:59,360 --> 00:16:03,480 Speaker 1: wage compet uh commensurate with what they're doing now. It 284 00:16:03,560 --> 00:16:06,000 Speaker 1: also worked out that that made it possible for them 285 00:16:06,040 --> 00:16:09,120 Speaker 1: to buy his cards. So he helped create a middle 286 00:16:09,160 --> 00:16:12,400 Speaker 1: class and a market for the automobile. He was. He 287 00:16:12,440 --> 00:16:15,000 Speaker 1: was an innovator. He was definitely out of his time, Paul, 288 00:16:15,040 --> 00:16:16,840 Speaker 1: Before our time runs out, let me let me just 289 00:16:16,920 --> 00:16:19,200 Speaker 1: touch on two other things. One is how I'm gonna 290 00:16:19,240 --> 00:16:22,000 Speaker 1: go back to leasing. We do get some comments and 291 00:16:22,080 --> 00:16:26,080 Speaker 1: questions about high mileage leasing, Does it exist, does it 292 00:16:26,200 --> 00:16:31,760 Speaker 1: make sense? Ah? You know, one of the things that 293 00:16:31,800 --> 00:16:35,320 Speaker 1: you have to think about if you are leasing is 294 00:16:35,400 --> 00:16:38,440 Speaker 1: how much you drive, and that is where a lot 295 00:16:38,480 --> 00:16:42,920 Speaker 1: of people get burned. What they do is they wind up, 296 00:16:43,520 --> 00:16:48,640 Speaker 1: they wind up unfortunately. They they wind up trying to 297 00:16:48,680 --> 00:16:52,080 Speaker 1: get a standard lease, not thinking about how much they drive, 298 00:16:52,640 --> 00:16:55,080 Speaker 1: and at the end of the lease, instead of they 299 00:16:55,200 --> 00:16:59,840 Speaker 1: say ten thousand miles or twelve thousand that they had negotiated, 300 00:17:00,080 --> 00:17:02,440 Speaker 1: they wind up putting our fifteen thousand, and they can 301 00:17:02,480 --> 00:17:06,000 Speaker 1: wind up paying thousands of dollars more UH to get 302 00:17:06,040 --> 00:17:08,359 Speaker 1: out of the lease, to to end the lease. So 303 00:17:08,640 --> 00:17:11,960 Speaker 1: always think about how much time you are going to drive, 304 00:17:12,000 --> 00:17:14,680 Speaker 1: how many miles you're going to drive, and if need 305 00:17:14,760 --> 00:17:19,240 Speaker 1: be negotiate because they have rates for additional miles. And 306 00:17:19,280 --> 00:17:21,320 Speaker 1: I guess it could be said that leasing is really 307 00:17:22,160 --> 00:17:26,880 Speaker 1: an alternative formal financing at the end of the day. Yeah, absolutely, 308 00:17:27,119 --> 00:17:31,040 Speaker 1: And like anything else, if you're looking at multiple plate 309 00:17:31,200 --> 00:17:34,720 Speaker 1: ways of financing, you need to be thinking which one 310 00:17:34,760 --> 00:17:37,479 Speaker 1: is the best one for you. And you know there 311 00:17:37,720 --> 00:17:39,679 Speaker 1: are a lot of different least, it's not like you 312 00:17:39,760 --> 00:17:43,400 Speaker 1: walk into a showroom and you have just what's sorry, 313 00:17:43,440 --> 00:17:44,840 Speaker 1: I think there's a little bit of wind noise here. 314 00:17:45,359 --> 00:17:49,080 Speaker 1: It's not like you only have one loan you can 315 00:17:49,119 --> 00:17:52,680 Speaker 1: do one time. You know, one stretch, you can only 316 00:17:52,680 --> 00:17:54,959 Speaker 1: do a four or five or six, And there are 317 00:17:55,040 --> 00:17:57,760 Speaker 1: multiple leases you can go to multiple sources. Another tip, 318 00:17:58,240 --> 00:18:00,919 Speaker 1: make sure when you go to buy you ask the 319 00:18:00,960 --> 00:18:06,240 Speaker 1: dealer do you have other financing options? Dealers are very 320 00:18:06,280 --> 00:18:11,639 Speaker 1: often sentivized UH to offer you a particular lender at 321 00:18:11,680 --> 00:18:14,600 Speaker 1: a particularly load. But you could ask and maybe I'll 322 00:18:14,640 --> 00:18:18,240 Speaker 1: offer you something else if you demanded understandable. Hey, Paul, 323 00:18:18,320 --> 00:18:19,879 Speaker 1: stick on the line. I got one more question. I 324 00:18:19,920 --> 00:18:22,480 Speaker 1: want to ask you regarding autonomous cars, and I know 325 00:18:22,520 --> 00:18:24,520 Speaker 1: you've got the answer for us. I'm running Naming the 326 00:18:24,520 --> 00:18:26,639 Speaker 1: car Doctor. We're talking to Paul Eisenstein at the Detroit 327 00:18:26,680 --> 00:18:46,119 Speaker 1: Bureau dot com. We'll be back right after this. Welcome 328 00:18:46,160 --> 00:18:47,679 Speaker 1: back on a Name of the card doctor. Here at 329 00:18:47,680 --> 00:18:50,520 Speaker 1: a five five zero nine zero zero. We're talking with 330 00:18:50,560 --> 00:18:53,439 Speaker 1: Paul Eisenstein. Have a nice conversation about cars and everything 331 00:18:53,480 --> 00:18:57,200 Speaker 1: else from the Detroit Bureau dot com. Paul, how's Woodward going? 332 00:18:57,400 --> 00:19:00,560 Speaker 1: Still rolling along? That's wonderful. I just talked to a 333 00:19:00,560 --> 00:19:03,920 Speaker 1: young man who's UH in from Virginia. And by the way, 334 00:19:03,960 --> 00:19:06,639 Speaker 1: we've had people here that have come as far away 335 00:19:06,680 --> 00:19:09,800 Speaker 1: as Australia for this event. Uh, this young man only 336 00:19:09,800 --> 00:19:12,240 Speaker 1: made it from Virginia. But being that he's ten years old, 337 00:19:12,280 --> 00:19:17,520 Speaker 1: I'm impressed. His favorite car, the brand new FOURD that 338 00:19:17,600 --> 00:19:20,000 Speaker 1: I'm standing in front. I asked him if he was 339 00:19:20,000 --> 00:19:21,480 Speaker 1: planning to buy and he said, well, he may take 340 00:19:21,480 --> 00:19:24,360 Speaker 1: out a loan later today. I asked him he knew 341 00:19:24,359 --> 00:19:26,960 Speaker 1: there was four hundred thousand. He had a very good answer, said, 342 00:19:26,960 --> 00:19:28,560 Speaker 1: may take me a while to pay it off. Well, 343 00:19:28,600 --> 00:19:30,359 Speaker 1: you know, I'm sure Ford would figure out a way 344 00:19:30,400 --> 00:19:33,280 Speaker 1: to arrange the financing. They're they're kind of always, you know, 345 00:19:33,359 --> 00:19:36,639 Speaker 1: anything to sell a car, right, they would would make 346 00:19:36,680 --> 00:19:38,960 Speaker 1: it happy. That would work with him, I'm sure they would. 347 00:19:38,960 --> 00:19:41,080 Speaker 1: I talk. I'll talk with one of their guys later. 348 00:19:41,320 --> 00:19:43,399 Speaker 1: He's young enough. If they gave him thirty years to 349 00:19:43,400 --> 00:19:45,800 Speaker 1: pay it off, you'd only be forty at that time. So, 350 00:19:46,160 --> 00:19:48,560 Speaker 1: you know, here's the thing about it, that car considering 351 00:19:48,600 --> 00:19:51,320 Speaker 1: a limited edition. By the time he gets to forty 352 00:19:51,400 --> 00:19:53,760 Speaker 1: years old, he'll be able to retire by selling it 353 00:19:54,359 --> 00:19:57,480 Speaker 1: exactly if there's gasoline, Which brings me to my second 354 00:19:57,560 --> 00:19:59,879 Speaker 1: question that I wanted to ask you. So I was 355 00:20:00,080 --> 00:20:02,320 Speaker 1: the Detroit Bureau dot com and I read your comments 356 00:20:02,320 --> 00:20:05,840 Speaker 1: and your article about autonomous cars. So to bring the 357 00:20:05,880 --> 00:20:09,440 Speaker 1: listeners up to speed, Ford wants to do away with drivers. 358 00:20:11,280 --> 00:20:14,520 Speaker 1: So we just get not not do away with drivers, 359 00:20:14,560 --> 00:20:16,880 Speaker 1: but they want to give They're going to bring out 360 00:20:16,960 --> 00:20:24,800 Speaker 1: their very first fully driverless vehicle, and that means it 361 00:20:24,880 --> 00:20:26,679 Speaker 1: means that they won't even they may not even be 362 00:20:26,720 --> 00:20:29,840 Speaker 1: a steering wheel in the car for somebody to take 363 00:20:29,880 --> 00:20:33,280 Speaker 1: control if they want to. Now, I should tell you 364 00:20:33,640 --> 00:20:37,760 Speaker 1: that the first generation of driverless vehicles will probably wind 365 00:20:37,840 --> 00:20:41,560 Speaker 1: up going into things like Uber and Lift in some 366 00:20:41,640 --> 00:20:45,879 Speaker 1: of those other ride sharing fleets, because those companies figure 367 00:20:46,160 --> 00:20:48,560 Speaker 1: that if they can take the driver out of the car, 368 00:20:49,119 --> 00:20:52,439 Speaker 1: they're gonna cut the cost of what it takes to 369 00:20:52,480 --> 00:20:54,879 Speaker 1: get a ride in one of those services or a 370 00:20:54,920 --> 00:20:59,800 Speaker 1: taxi if you will by you know six and it'll 371 00:20:59,840 --> 00:21:03,360 Speaker 1: be come so inexpensive to ride one of those that 372 00:21:03,480 --> 00:21:06,119 Speaker 1: you made many people who just you know, in the 373 00:21:06,280 --> 00:21:09,120 Speaker 1: reality is a lot of people really don't care. They 374 00:21:09,160 --> 00:21:11,119 Speaker 1: just want to get from point are to be well, 375 00:21:11,560 --> 00:21:14,360 Speaker 1: it may get so inexpensive that you may just wind 376 00:21:14,440 --> 00:21:16,359 Speaker 1: up saying, heck with the car, I don't want it. 377 00:21:16,640 --> 00:21:19,160 Speaker 1: I can just hit my iPhone and have the car 378 00:21:19,240 --> 00:21:21,720 Speaker 1: come and pick me up wherever and whenever I want. 379 00:21:21,960 --> 00:21:24,640 Speaker 1: So do the car companies look at that. I mean, 380 00:21:24,680 --> 00:21:27,840 Speaker 1: that has to be on their agenda to say we're 381 00:21:27,840 --> 00:21:30,040 Speaker 1: not going to take car ownership out of the picture 382 00:21:30,080 --> 00:21:32,720 Speaker 1: and just you know, we won't need you know, we 383 00:21:32,760 --> 00:21:35,320 Speaker 1: don't need as many cars if everybody's just driving that 384 00:21:35,480 --> 00:21:38,120 Speaker 1: same car. If you've got ten people sharing one car, 385 00:21:38,200 --> 00:21:41,560 Speaker 1: you've got mine less vehicles you're selling. Well, that's one 386 00:21:41,560 --> 00:21:43,720 Speaker 1: of the big issues that a lot of people worry 387 00:21:43,760 --> 00:21:47,000 Speaker 1: about in the auto industry. What will it mean? And 388 00:21:47,240 --> 00:21:50,400 Speaker 1: to tell you the truth, Uh, there are probably as 389 00:21:50,480 --> 00:21:56,000 Speaker 1: many different scenarios laid out by the automakers as you know. 390 00:21:56,040 --> 00:21:58,560 Speaker 1: If you ask somebody how to manage the US economy, 391 00:21:58,560 --> 00:22:01,640 Speaker 1: they say, there's an answer for every economist. Well, if 392 00:22:01,640 --> 00:22:05,040 Speaker 1: you talk to auto people about what the era of autonomist, 393 00:22:05,160 --> 00:22:09,560 Speaker 1: driverless and car sharing means, uh, you'll get a different 394 00:22:09,560 --> 00:22:13,160 Speaker 1: answer from everyone. The general consensus is though, we will 395 00:22:13,240 --> 00:22:15,919 Speaker 1: probably see you know, if you have a hundred people, 396 00:22:16,160 --> 00:22:19,760 Speaker 1: you'll probably have fewer cars being purchased by those hundred 397 00:22:19,760 --> 00:22:24,600 Speaker 1: people going forward. So what happens when that car rolls 398 00:22:24,640 --> 00:22:26,600 Speaker 1: into the repair shop. And I was thinking of this 399 00:22:26,800 --> 00:22:30,320 Speaker 1: just this morning. I said, when that car rolls into 400 00:22:30,320 --> 00:22:34,439 Speaker 1: the repair shop, it's driverless, right, So what would prevent 401 00:22:34,560 --> 00:22:37,600 Speaker 1: Uber from saying, send number to thirteen over to our 402 00:22:37,680 --> 00:22:40,080 Speaker 1: automotive and let them fix it. And the car will 403 00:22:40,160 --> 00:22:43,360 Speaker 1: roll in. I'll plug in my scan tool. It'll say 404 00:22:43,359 --> 00:22:46,080 Speaker 1: it needs a left front servo motor or right rear 405 00:22:46,119 --> 00:22:49,679 Speaker 1: capacitor and a and a miniaturized circuit board. I'm just 406 00:22:49,720 --> 00:22:52,199 Speaker 1: gonna put those parts in. There's nobody there for me 407 00:22:52,240 --> 00:22:55,760 Speaker 1: to say. You know, it's not like today. Well, Ron, 408 00:22:55,760 --> 00:22:57,320 Speaker 1: you know, the tires are bold, but I can get 409 00:22:57,320 --> 00:22:59,119 Speaker 1: another two months out of him. Let it go. That 410 00:22:59,240 --> 00:23:02,720 Speaker 1: breaks are last me until the next oil change. Everything's 411 00:23:02,760 --> 00:23:05,160 Speaker 1: got to be top flight now, right, there's no there's 412 00:23:05,160 --> 00:23:07,479 Speaker 1: no cutting corners anymore. When when when it will come 413 00:23:07,480 --> 00:23:10,800 Speaker 1: time to repair the car, Oh, you're right, it probably 414 00:23:10,800 --> 00:23:12,840 Speaker 1: will be the case. Now. One of the interesting things 415 00:23:12,880 --> 00:23:16,600 Speaker 1: about a lot of the future cars is that we're 416 00:23:16,640 --> 00:23:20,080 Speaker 1: going to see a level of reliability, or so they 417 00:23:20,119 --> 00:23:24,359 Speaker 1: tell us, that we've never seen before. And remember that 418 00:23:24,480 --> 00:23:28,119 Speaker 1: in an electric vehicle you should have fewer things to 419 00:23:28,160 --> 00:23:32,640 Speaker 1: go wrong. Now, I say you should have because While 420 00:23:32,720 --> 00:23:37,000 Speaker 1: we don't have specific data from Tesla, a lot of 421 00:23:37,000 --> 00:23:39,240 Speaker 1: people who I know who have been following the company 422 00:23:39,280 --> 00:23:43,160 Speaker 1: insist that at least early on, they were having some 423 00:23:43,480 --> 00:23:47,800 Speaker 1: serious problems a lot of their batteries brickings as it's called, 424 00:23:47,840 --> 00:23:51,800 Speaker 1: when the batteries have problems and they sail catastrophically and 425 00:23:51,840 --> 00:23:56,320 Speaker 1: they simply will not recharge. So, uh, it's a big here. 426 00:23:56,520 --> 00:24:03,320 Speaker 1: All that we talk about with all the new changes coming, electric, autonomous, 427 00:24:02,680 --> 00:24:08,280 Speaker 1: autonomous car sharing, all this stuff, it's a lot of ifs. 428 00:24:08,920 --> 00:24:10,480 Speaker 1: You know, this sort of stuff. You take to the 429 00:24:10,480 --> 00:24:12,560 Speaker 1: bank in Vegas, you put a bunch of money on 430 00:24:12,640 --> 00:24:15,159 Speaker 1: and you either lose a lot or you wind up 431 00:24:15,200 --> 00:24:17,320 Speaker 1: making a lot of money, because it's very very hard 432 00:24:17,359 --> 00:24:21,480 Speaker 1: to predict, among other things, how Americans will accept all this. 433 00:24:21,800 --> 00:24:26,680 Speaker 1: Will people really be happy not having to own a car, 434 00:24:27,200 --> 00:24:30,080 Speaker 1: getting into a vehicle where there's no driver, In fact, 435 00:24:30,080 --> 00:24:32,520 Speaker 1: there may be no steering wheel. That's a problem. D 436 00:24:32,800 --> 00:24:35,000 Speaker 1: Electric Well, and that's you know, I've got to think 437 00:24:35,040 --> 00:24:38,879 Speaker 1: that's a problem. We took an informal survey at the 438 00:24:38,920 --> 00:24:42,040 Speaker 1: shop two weeks ago everybody that walked in over the 439 00:24:42,040 --> 00:24:44,960 Speaker 1: course of the week, and we probably had I think 440 00:24:44,960 --> 00:24:47,080 Speaker 1: The last number was we had seventy eight people walked 441 00:24:47,080 --> 00:24:50,080 Speaker 1: through the door. In the course of the week. Three 442 00:24:50,119 --> 00:24:52,040 Speaker 1: people said they would get into a car with, you know, 443 00:24:52,119 --> 00:24:55,320 Speaker 1: self driving where they can't take control. Uh. You know what, 444 00:24:55,480 --> 00:24:57,520 Speaker 1: I think we're control freaks. I think we want to 445 00:24:57,520 --> 00:24:59,639 Speaker 1: be able to have the comfort of that steering wheel. 446 00:24:59,640 --> 00:25:01,880 Speaker 1: It's like a baby pacifier. It makes us feel good, 447 00:25:02,400 --> 00:25:07,000 Speaker 1: and I think it's got to be. It's obviously something 448 00:25:07,040 --> 00:25:09,480 Speaker 1: that how you ask it, who you ask it, when 449 00:25:09,520 --> 00:25:11,919 Speaker 1: you ask it will have a lot of influence. I 450 00:25:12,160 --> 00:25:15,840 Speaker 1: see surveys that still say there's a sizeable percentage of 451 00:25:15,840 --> 00:25:19,639 Speaker 1: the American public that does not want to have fully 452 00:25:19,680 --> 00:25:23,200 Speaker 1: autonomous and even driverless vehicles. But I will tell you 453 00:25:23,240 --> 00:25:26,520 Speaker 1: that the number has been growing. Number of people will 454 00:25:26,520 --> 00:25:30,080 Speaker 1: accept this has been growing every year. And I think 455 00:25:30,119 --> 00:25:33,600 Speaker 1: you're probably going to find that more acceptable among people 456 00:25:33,640 --> 00:25:36,639 Speaker 1: who are used to getting into a vehicle, uh and 457 00:25:36,760 --> 00:25:40,600 Speaker 1: having somebody drive forward, particularly in urban situations. A lot 458 00:25:40,640 --> 00:25:43,280 Speaker 1: of folks who are you know, used to getting in cabs. 459 00:25:43,320 --> 00:25:45,600 Speaker 1: And I gotta tell you something, if you drive a 460 00:25:45,640 --> 00:25:47,840 Speaker 1: lot inside or you ride a lot in the New 461 00:25:47,920 --> 00:25:50,840 Speaker 1: York cab, I might feel safer for having the car 462 00:25:51,000 --> 00:25:53,919 Speaker 1: drive for me. Well, that's true too, and I agree 463 00:25:53,920 --> 00:25:56,520 Speaker 1: with that. Uh you know, there are there are cases 464 00:25:56,520 --> 00:25:59,000 Speaker 1: where that applies. But here I'll bounce one back at you. 465 00:25:59,160 --> 00:26:02,399 Speaker 1: Can you imagine that woodward cruise if it was all 466 00:26:02,440 --> 00:26:05,920 Speaker 1: self driving cars, where would the fun and that be. 467 00:26:06,960 --> 00:26:09,520 Speaker 1: I am trying to figure out, could you program it 468 00:26:09,640 --> 00:26:13,879 Speaker 1: so that every nine seconds it spins the tires? Well right, 469 00:26:13,920 --> 00:26:15,560 Speaker 1: we'll have to have to get back to you on that. 470 00:26:15,760 --> 00:26:17,959 Speaker 1: And and then you know there's nobody with their elbow 471 00:26:18,040 --> 00:26:20,400 Speaker 1: hanging out looking cool, hanging out just you know, laid 472 00:26:20,400 --> 00:26:23,040 Speaker 1: back in the seat. It's just it's a change to 473 00:26:23,119 --> 00:26:26,440 Speaker 1: the culture. And it absolutely it brings me back to 474 00:26:26,520 --> 00:26:29,399 Speaker 1: my very first thought when we started this conversation about 475 00:26:29,520 --> 00:26:34,359 Speaker 1: leasing in that cars are a lifestyle. And I don't 476 00:26:34,400 --> 00:26:36,640 Speaker 1: know if we're ready to give up the lifestyle all 477 00:26:36,680 --> 00:26:38,840 Speaker 1: the way yet. I just don't think it's gonna happen. 478 00:26:39,560 --> 00:26:41,080 Speaker 1: Do you hit on two things, and I'll give you 479 00:26:41,160 --> 00:26:44,679 Speaker 1: to two quick answers. One one of the things I 480 00:26:44,680 --> 00:26:47,720 Speaker 1: think will work against cars sharing in all this is 481 00:26:47,800 --> 00:26:51,160 Speaker 1: that we throw a lot of our stuff in cards, 482 00:26:51,560 --> 00:26:55,560 Speaker 1: we personalized cards, and so until you can make it 483 00:26:55,600 --> 00:26:58,440 Speaker 1: possible for me to sort of personalize my my ride 484 00:26:58,440 --> 00:27:01,919 Speaker 1: sharing ride. It's gonna be something that works against it, 485 00:27:02,400 --> 00:27:05,040 Speaker 1: particularly when it's talking about at home as opposed on 486 00:27:05,280 --> 00:27:08,760 Speaker 1: when you're traveling. Uh though, you know going forward, you're 487 00:27:08,760 --> 00:27:12,120 Speaker 1: gonna have your smartphone app will store things like your 488 00:27:12,520 --> 00:27:15,480 Speaker 1: radio preferences, your temperature preferences, and things like that. You 489 00:27:15,520 --> 00:27:19,320 Speaker 1: get into the car, it will automatically program that autonomous 490 00:27:20,000 --> 00:27:23,399 Speaker 1: driverless vehicle so that your favorite station comes on at 491 00:27:23,440 --> 00:27:25,679 Speaker 1: the volume you like and so on. So that may 492 00:27:25,720 --> 00:27:28,840 Speaker 1: be help a little bit there. Uh As to the 493 00:27:28,960 --> 00:27:32,000 Speaker 1: idea of a self driving vehicle, at least one still 494 00:27:32,000 --> 00:27:34,679 Speaker 1: has a wheel. The best answer I ever got was 495 00:27:34,720 --> 00:27:37,959 Speaker 1: from the former CEO and chairman of the MW. Bentitious 496 00:27:37,960 --> 00:27:40,840 Speaker 1: Reader and what he said to me when I asked 497 00:27:40,880 --> 00:27:44,480 Speaker 1: him very first time about why that company. This is 498 00:27:44,480 --> 00:27:46,720 Speaker 1: going back twenty years. They were one of the first 499 00:27:47,280 --> 00:27:51,040 Speaker 1: why they're working on self driving vehicles. And he said, Look, 500 00:27:51,080 --> 00:27:53,560 Speaker 1: when I come to work from my home, which is 501 00:27:53,840 --> 00:27:56,480 Speaker 1: up in the foothills of the Bavarian Alps, in the morning, 502 00:27:56,880 --> 00:27:59,520 Speaker 1: I am crawling along in traffic. It is no fun 503 00:27:59,600 --> 00:28:02,640 Speaker 1: to draw. I'd rather either nap or get more work 504 00:28:02,680 --> 00:28:05,720 Speaker 1: done rather than having to sit there frustrating, But in 505 00:28:05,760 --> 00:28:08,120 Speaker 1: the evening, when I go home in traffics light because 506 00:28:08,119 --> 00:28:10,359 Speaker 1: I work so late, all I want to do is 507 00:28:10,359 --> 00:28:12,919 Speaker 1: flip it into manual mode and have a blast driving. 508 00:28:13,680 --> 00:28:16,160 Speaker 1: You know what that makes sense? That that makes sense 509 00:28:16,200 --> 00:28:18,280 Speaker 1: to me. Here's the one that won't make sense. What 510 00:28:18,359 --> 00:28:20,439 Speaker 1: about the people that they have to carry something like 511 00:28:20,440 --> 00:28:24,840 Speaker 1: a wheelchair in the trunk? What about that? Well, you know, 512 00:28:24,920 --> 00:28:28,399 Speaker 1: that's that's the question. Uh. In fact, Uber, if I 513 00:28:28,440 --> 00:28:30,359 Speaker 1: remember correctly, just got in trouble in a couple of 514 00:28:30,359 --> 00:28:35,040 Speaker 1: cities for not having enough vehicles that were were accessible 515 00:28:35,600 --> 00:28:39,520 Speaker 1: for uh, for drive, you know, for vehicles for people 516 00:28:39,560 --> 00:28:42,880 Speaker 1: I should say, who have various handicaps. So that's a 517 00:28:42,880 --> 00:28:45,840 Speaker 1: big question. I don't think, unlike some people, I don't 518 00:28:45,880 --> 00:28:50,520 Speaker 1: think that the personal car will completely go away. But uh, 519 00:28:51,360 --> 00:28:54,960 Speaker 1: I think we're gonna see the change occur, and I 520 00:28:55,000 --> 00:28:57,360 Speaker 1: think that we're going to see a lot more rides 521 00:28:57,360 --> 00:29:00,800 Speaker 1: sharing and driver lists or at least or tonomous vehicles 522 00:29:00,840 --> 00:29:03,480 Speaker 1: over the next decade. Yeah, I agree, Paul is always, sir, 523 00:29:03,520 --> 00:29:05,960 Speaker 1: a great pleasure. I want to thank you for taking time, 524 00:29:06,080 --> 00:29:08,440 Speaker 1: especially for us, to be the distraction from wood word. 525 00:29:08,520 --> 00:29:10,400 Speaker 1: We know how much we know how much work that was, 526 00:29:10,440 --> 00:29:13,440 Speaker 1: how hard that was. Um, it's it's always a pleasure 527 00:29:13,440 --> 00:29:15,280 Speaker 1: to talk to you, my friend. And uh, we'll talk 528 00:29:15,280 --> 00:29:17,480 Speaker 1: about the pussycats next time. I gotta go. The clocks 529 00:29:17,520 --> 00:29:18,720 Speaker 1: up against me. You have a good time with the 530 00:29:18,720 --> 00:29:21,479 Speaker 1: rest of the woodward cruise. Paul Eisenstein, Ladies and gentlemen 531 00:29:21,480 --> 00:29:23,920 Speaker 1: to Detroit Bureau dot com. We say goodbye, and I'm 532 00:29:23,960 --> 00:29:25,760 Speaker 1: running any in the car doctor. I'll be back right 533 00:29:25,800 --> 00:29:33,760 Speaker 1: after this finding the car doctor boy, Paul Eisenstein, there's 534 00:29:33,800 --> 00:29:37,800 Speaker 1: a guy who just um he knows cars. That's for sure. 535 00:29:37,840 --> 00:29:40,360 Speaker 1: More information at the trip Bureau dot com. But he 536 00:29:40,360 --> 00:29:43,760 Speaker 1: he makes some good points. So what's gonna happen? And 537 00:29:43,800 --> 00:29:46,560 Speaker 1: I was talking to Tom Ray during the break there. 538 00:29:46,600 --> 00:29:49,880 Speaker 1: We were talking about self driving cars. Tom goes out 539 00:29:50,000 --> 00:29:55,600 Speaker 1: and does uh radio station maintenance? Um, what were you saying? Tom? 540 00:29:55,680 --> 00:29:58,160 Speaker 1: Jump jump in there? There. There are places, for example, 541 00:29:58,200 --> 00:30:00,680 Speaker 1: in Elmira, New York, I have a trans matter facility 542 00:30:00,720 --> 00:30:03,160 Speaker 1: I go to. It has no street address. In fact, 543 00:30:03,240 --> 00:30:07,600 Speaker 1: it has no street. Um. The only way the GPS 544 00:30:07,600 --> 00:30:10,600 Speaker 1: would know how to get there or the self driving 545 00:30:10,680 --> 00:30:14,200 Speaker 1: car is you put the geographic coordinates in and as 546 00:30:14,200 --> 00:30:17,200 Speaker 1: you're coming down this dirt road. The power line that 547 00:30:17,280 --> 00:30:19,760 Speaker 1: goes up the hill goes over your head and at 548 00:30:19,800 --> 00:30:23,120 Speaker 1: that point my GPS goes turn left. Well, if I 549 00:30:23,160 --> 00:30:26,560 Speaker 1: turn left to follow the power line, I immediately I 550 00:30:26,560 --> 00:30:29,080 Speaker 1: would immediately go down two feet and hit the bottom 551 00:30:29,080 --> 00:30:31,000 Speaker 1: of a gully. That ain't gonna work. And it's like 552 00:30:31,080 --> 00:30:34,200 Speaker 1: you have to go past to get to the access road, right, so, 553 00:30:34,600 --> 00:30:37,800 Speaker 1: and there's a case where it just won't work. And 554 00:30:37,800 --> 00:30:41,320 Speaker 1: and so you know, are we back to I remember 555 00:30:41,600 --> 00:30:44,160 Speaker 1: fift twenty years ago I read an article that talked 556 00:30:44,160 --> 00:30:47,440 Speaker 1: about they weren't trying to get all the cars to 557 00:30:47,440 --> 00:30:49,440 Speaker 1: get high mileage. They weren't trying to get all the 558 00:30:49,480 --> 00:30:52,440 Speaker 1: cars to be hybrid or electric or whatever. They wanted 559 00:30:52,520 --> 00:30:57,120 Speaker 1: to have an alternative fueled fleet, and an alternate fueled 560 00:30:57,360 --> 00:31:01,480 Speaker 1: fleet of approximately twelve to five team per cent. And 561 00:31:01,520 --> 00:31:04,400 Speaker 1: they said, I twelve to fifteen percent of the fleet 562 00:31:04,920 --> 00:31:08,520 Speaker 1: was powered by something other than gasoline. You would see 563 00:31:08,520 --> 00:31:11,760 Speaker 1: the price of gasoline drop under a bucket gallon, which 564 00:31:12,440 --> 00:31:14,560 Speaker 1: if you can look at the current situation there, you 565 00:31:14,560 --> 00:31:16,320 Speaker 1: know this glut of oil. I mean I just paid 566 00:31:16,360 --> 00:31:18,680 Speaker 1: to twenty nine for a gallon of gas this morning, 567 00:31:19,040 --> 00:31:21,000 Speaker 1: and that's in New Jersey when they added the seventies 568 00:31:21,000 --> 00:31:23,800 Speaker 1: cent a gallon tax would be under two bucks a gallon. 569 00:31:24,160 --> 00:31:27,160 Speaker 1: It wasn't for the dopes in Trenton um doing what 570 00:31:27,240 --> 00:31:30,760 Speaker 1: they did. But you know it's you can see the 571 00:31:30,800 --> 00:31:34,560 Speaker 1: price of gas coming down and and and that's huge. 572 00:31:34,880 --> 00:31:37,640 Speaker 1: So now you've got to ask yourself, all right, self 573 00:31:37,760 --> 00:31:40,520 Speaker 1: driving cars? Now, the argument for self driving cars, besides 574 00:31:40,560 --> 00:31:44,800 Speaker 1: being electric, as I understand it, is also what Paul 575 00:31:44,880 --> 00:31:48,760 Speaker 1: pointed out that the president of BMW discussed in that 576 00:31:49,440 --> 00:31:52,560 Speaker 1: the traffic jams and you can do work while you're 577 00:31:52,560 --> 00:31:54,360 Speaker 1: sitting in the electric car. A friend of mine, Mark, 578 00:31:54,440 --> 00:31:56,320 Speaker 1: lives in l A around the l A area. His 579 00:31:56,320 --> 00:31:58,720 Speaker 1: neighbor has a Tesla. I spoke to Mark. I think 580 00:31:58,720 --> 00:32:00,640 Speaker 1: I told you the story. And I spoke to Mark 581 00:32:00,680 --> 00:32:03,240 Speaker 1: Mark recently and Mark said they went into l A 582 00:32:03,320 --> 00:32:05,320 Speaker 1: and they programmed it for the for his address and 583 00:32:05,440 --> 00:32:07,120 Speaker 1: the tesla. Once they got out on the highway, the 584 00:32:07,120 --> 00:32:09,840 Speaker 1: Tesla took over and drove the car, and Mark said 585 00:32:09,880 --> 00:32:12,440 Speaker 1: they spent an hour and a half two hours on 586 00:32:12,480 --> 00:32:16,160 Speaker 1: the freeway in traffic, zooming along doing what they were doing, 587 00:32:16,240 --> 00:32:19,040 Speaker 1: texting and looking at the sites and you know, napping 588 00:32:19,080 --> 00:32:20,920 Speaker 1: and so forth, and when they got to the point 589 00:32:21,000 --> 00:32:24,520 Speaker 1: where they were, you know, ten blocks away, they had 590 00:32:24,560 --> 00:32:26,200 Speaker 1: to take over and drive. But he said, it's the 591 00:32:26,200 --> 00:32:28,960 Speaker 1: scariest neatest feeling in the world at the same time, 592 00:32:28,960 --> 00:32:30,520 Speaker 1: and you know, is that what we're trying to do. 593 00:32:30,560 --> 00:32:34,040 Speaker 1: There was no traffic in the Tesla lane, and that's 594 00:32:34,040 --> 00:32:36,360 Speaker 1: what they're trying to get rid of, is the idea 595 00:32:36,400 --> 00:32:39,160 Speaker 1: of traffic. And as hard as it is for us 596 00:32:39,200 --> 00:32:42,280 Speaker 1: to understand the rubber necking and and oh look at 597 00:32:42,280 --> 00:32:45,280 Speaker 1: the accident. Everybody loves to watch a train wreck. You know, 598 00:32:45,680 --> 00:32:49,400 Speaker 1: autonomous cars will take that away. I just don't think 599 00:32:49,920 --> 00:32:52,640 Speaker 1: we're ready for it, especially something without a steering wheel. 600 00:32:53,200 --> 00:32:55,000 Speaker 1: And you know you said before about the price of 601 00:32:55,000 --> 00:32:58,080 Speaker 1: gas coming down, you know certain percentage the price of 602 00:32:58,120 --> 00:33:01,600 Speaker 1: gas that come down below a buck. You know that 603 00:33:01,680 --> 00:33:04,080 Speaker 1: the petroleum companies are gonna want to make that up someplace. 604 00:33:04,080 --> 00:33:05,800 Speaker 1: Now I hate my house with fuel oil. What's gonna 605 00:33:05,840 --> 00:33:08,720 Speaker 1: happen to that? Is that gonna go up? Because this 606 00:33:08,760 --> 00:33:11,280 Speaker 1: is going it's like, you know, there's gonna be a 607 00:33:11,360 --> 00:33:13,760 Speaker 1: drastic effect on the economy. Well, two things and then 608 00:33:13,760 --> 00:33:17,320 Speaker 1: we'll go to break. Number one is that if we 609 00:33:17,400 --> 00:33:20,320 Speaker 1: have all electric vehicles. There's no more gas tax. If 610 00:33:20,320 --> 00:33:22,800 Speaker 1: we're selling less gas, there's no more gas tax. How 611 00:33:22,800 --> 00:33:25,880 Speaker 1: are we fixing the roads in the infrastructure. That's number one. 612 00:33:26,440 --> 00:33:28,720 Speaker 1: Number two I'll tell you when I come back, because 613 00:33:28,720 --> 00:33:30,800 Speaker 1: we're running out of time. Rot Nading the Car Doctor. 614 00:33:30,840 --> 00:33:35,120 Speaker 1: We'll be back right after this. Welcome back ron Enading 615 00:33:35,160 --> 00:33:39,960 Speaker 1: the car Doctor. Here. Zero nine zero is seven number 616 00:33:40,000 --> 00:33:44,160 Speaker 1: I should point that out eight zero zero. You can 617 00:33:44,200 --> 00:33:46,280 Speaker 1: call leave a message and Motorhead Matt will put you 618 00:33:46,320 --> 00:33:48,320 Speaker 1: in queue for the next live broadcast. We are live 619 00:33:48,360 --> 00:33:51,160 Speaker 1: on the radio network Saturday afternoons two to four pm 620 00:33:51,200 --> 00:33:54,280 Speaker 1: Eastern time, and um, you know we are here for 621 00:33:54,440 --> 00:33:56,160 Speaker 1: you during that time. So just because you don't get 622 00:33:56,200 --> 00:33:58,560 Speaker 1: us in your neighborhood or your podcasting or you're in 623 00:33:58,600 --> 00:34:01,479 Speaker 1: Australia or some other place. Um, you know, you can 624 00:34:01,520 --> 00:34:05,360 Speaker 1: call a five five zero nine zero, leave a message. 625 00:34:05,440 --> 00:34:07,080 Speaker 1: Motorhead Matt will get back to you and get you 626 00:34:07,120 --> 00:34:09,360 Speaker 1: and Q and we like to answer the questions up 627 00:34:09,360 --> 00:34:10,759 Speaker 1: here on are We want to do it so for 628 00:34:10,800 --> 00:34:13,759 Speaker 1: everyone's benefit. Everybody gets a piece of it, and you know, 629 00:34:13,800 --> 00:34:15,879 Speaker 1: gets a little bit of knowledge and education. That's really 630 00:34:15,960 --> 00:34:18,600 Speaker 1: what this radio show is. And hasn't always will be about. 631 00:34:19,160 --> 00:34:21,680 Speaker 1: My second point that I wanted to talk about was, 632 00:34:22,120 --> 00:34:25,400 Speaker 1: so with less cars being sold, right, we just established 633 00:34:25,400 --> 00:34:27,239 Speaker 1: the fact that maybe out of ten people will just 634 00:34:27,280 --> 00:34:30,000 Speaker 1: need to sell one car to service ten people. That's 635 00:34:30,200 --> 00:34:32,879 Speaker 1: nine less cars that they're selling per ten or per 636 00:34:32,960 --> 00:34:36,040 Speaker 1: hundred or whatever the number is. What about repair shops. 637 00:34:36,360 --> 00:34:39,040 Speaker 1: There's gonna be less to fix. There'll be less of 638 00:34:39,080 --> 00:34:43,040 Speaker 1: a need for a repair shop. So the cost of 639 00:34:43,080 --> 00:34:46,080 Speaker 1: doing business for a repair shop will change, the cost 640 00:34:46,120 --> 00:34:49,279 Speaker 1: of doing business for a dealership will change. And I 641 00:34:49,320 --> 00:34:51,960 Speaker 1: guess it really depends on how whole hog we go 642 00:34:52,040 --> 00:34:54,880 Speaker 1: on autonous vehicles, but I see an awful lot of 643 00:34:55,000 --> 00:34:57,839 Speaker 1: change coming up as about As a result, Tom brought 644 00:34:57,880 --> 00:34:59,799 Speaker 1: up an excellent point that we're not gonna get into 645 00:34:59,840 --> 00:35:02,240 Speaker 1: two deep, but just the fact that with less vehicles 646 00:35:02,280 --> 00:35:06,439 Speaker 1: being sold, there'll be less sales tax collected. And where 647 00:35:06,440 --> 00:35:07,839 Speaker 1: are we going to get the budget from to fill 648 00:35:07,880 --> 00:35:10,440 Speaker 1: the state coffers? And how's that going to work. I 649 00:35:10,480 --> 00:35:13,719 Speaker 1: can see a tax being exercised, maybe revolutions permitted or 650 00:35:13,719 --> 00:35:16,680 Speaker 1: mega hurts per cycle on the electric cars in terms 651 00:35:16,719 --> 00:35:18,920 Speaker 1: of how they're going to charge and charge for them 652 00:35:18,920 --> 00:35:21,920 Speaker 1: in order to operate where will it end? I'm Rondini 653 00:35:21,960 --> 00:35:24,680 Speaker 1: in the car, doctor, reminding you while I can, so 654 00:35:24,800 --> 00:35:40,560 Speaker 1: I can. Good mechanics aren't expensive. Here priceless. Let's see