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Speaker 1: Hey, this is Matt Miller.

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Speaker 2: You listen to me every day, I hope on the

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Speaker 2: Tape podcast with Paul Sweeney. I've got a new podcast though,

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Speaker 2: that I'm running alongside the Tape with my friend Hannah Elliott.

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Speaker 1: She's the car reviewer from Bloomberg Pursuits.

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Speaker 2: We call it Hot Pursuit, and we tell you everything

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Speaker 2: you need to know or want to know about new cars,

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Speaker 2: about the automotive industry, about car events. I'm gonna drop

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Speaker 2: a little sample from the Hot Pursuit podcast here.

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Speaker 1: Take a listen.

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Speaker 2: If you like it, go to the Hot Pursuit page

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Speaker 2: and subscribe. You can find it on Apple, on Spotify,

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Speaker 2: or anywhere you get your podcasts.

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Speaker 3: I'm Matt Miller, I'm Hannah Elliott, and this is Hot Pursuit.

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Speaker 2: All right, we have a fantastic podcast for you today.

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Speaker 2: We're gonna touch on Formula one, give you the update

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Speaker 2: on the Ferraris we were talking about last week. But

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Speaker 2: we also have a special guest. Recurring guest Barry Ridholtz.

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Speaker 2: He is the host of Masters in Business, probably our

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Speaker 2: most popular podcast on the Bloomberg platform, and he has

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Speaker 2: a new podcast called At the Money, At the Money,

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Speaker 2: atm plus obviously the founder of Ritholts Wealth Management, and

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Speaker 2: he's a contributor.

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Speaker 1: To Bloomberg a lot.

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Speaker 2: So, Hannah, we're going to talk about Formula one because

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Speaker 2: you're preparing to go to Las Vegas. We're also going

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Speaker 2: to talk about hybrid's. I think they're the way forward.

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Speaker 2: You think it's a band aid. There's a lot more

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Speaker 2: sort of econo boxes and grocery getters that I think

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Speaker 2: are really cool though in this space. And then we're

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Speaker 2: going to get to Audi's. You just recently drove the

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Speaker 2: SQ eight E Tron, that's correct, and Barry has an

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Speaker 2: R eight. The first car I bought was an Audie

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Speaker 2: and a for a Vaunt.

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Speaker 1: Those have become very collectible.

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Speaker 2: Now and mine was a two point five TDI which

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Speaker 2: I loved.

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Speaker 1: With so stick shift, yes, obvious, Yeah, those have become desirable.

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Speaker 2: All right, Let's kick it off though with Formula one,

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Speaker 2: because I guess what you're getting ready to head out

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Speaker 2: to Sin City and what do you expect.

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Speaker 3: It's going to be very interesting because when Formula one

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Speaker 3: in Liberty Media, which owns Formula one, entered into this

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Speaker 3: deal with the city of Las Vegas to host the race,

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Speaker 3: it seemed like a home run, like a match made

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Speaker 3: in Heaven. I mean, it's Vegas, which of course is

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Speaker 3: sort of the party center of the world right now

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Speaker 3: and has a bunch of great professional sports team. We've

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Speaker 3: got hockey, We've got NFL, We're going to get some baseball.

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Speaker 1: The Blagio Win Resorts, the Sphere.

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Speaker 3: Oh, let's not forget the Sphere. There's so much there.

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Speaker 3: And the food's great, you know, all.

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Speaker 1: Of this stuff.

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Speaker 3: There's Jean George restaurants. But the thing is, and you know,

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Speaker 3: Formula one's been doing great in the US, but in

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Speaker 3: the past month or so, it's been really weird because

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Speaker 3: ticket prices have been dropping, both ticket prices for general

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Speaker 3: entry into the Grand Prix, hotel room rates have been dropping,

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Speaker 3: and it's kind of creating this feeling that maybe Vegas

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Speaker 3: bit off more than it can chew. It's possible organizers

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Speaker 3: sort of got a little bit too greedy with how

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Speaker 3: they price things, and people are just not having it.

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Speaker 1: That's crazy.

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Speaker 2: So if I decided, you know what, I am gonna

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Speaker 2: go see Formula on this weekend and skip the birth

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Speaker 2: of my second daughter, You think I could get tickets.

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Speaker 3: You'd have no problem getting tickets. Now, I will say

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Speaker 3: you might pay like six or seven hundred dollars a

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Speaker 3: night for a hotel room at like the Venetian, but

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Speaker 3: that's pretty typical, and it's actually far less than you

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Speaker 3: would have paid had you tried to get a room

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Speaker 3: a month ago or two months ago. So this is

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Speaker 3: an expensive sport and an expensive city, but compared to

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Speaker 3: what prices were listed at a month or two months ago,

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Speaker 3: you're gonna get a deal. And there's plenty of tickets

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Speaker 3: to go around. There are plenty of flights from La

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Speaker 3: to Vegas.

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Speaker 1: So Barry when you when you go, you know, the

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Speaker 1: problem with Formula one is you know, you're in a corner,

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Speaker 1: you're watching the cars go by. It's not I know,

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Speaker 1: it's very visceral and very exciting feeling moments. That's the

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Speaker 1: best part. But then you're there for another four hours

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Speaker 1: and it's a sport that's so great on television. It's

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Speaker 1: very comfortable. You really can see stuff. Everyone should go

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Speaker 1: do it once. I don't know if I need to

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Speaker 1: do this in Vegas. And the thing I'm wondering about

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Speaker 1: how much of this is specific to Las Vegas, and

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Speaker 1: how much of this is just Hey, the economy is

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Speaker 1: moving along, inflation is coming down, but we're starting to

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Speaker 1: slow down. When you look at what's going on with

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Speaker 1: auction prices of used cars nine to elevens, ferraris whatever,

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Speaker 1: or even watches. Everything seems that had round up in

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Speaker 1: twenty and twenty one and twenty two, it's all softening.

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Speaker 1: I wonder if this is a broader macro concern.

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Speaker 3: I think that's a really interesting point. And we talked

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Speaker 3: about this Ferrari last week, this Ferrari two to fifty

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Speaker 3: gto that was going to go on sale, and to

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Speaker 3: your point, Barry, yes, it sold this week for almost

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Speaker 3: fifty two million dollars, but that was actually far less

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Speaker 3: than arm Sotheby's had hoped to get for the car,

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Speaker 3: and they were saying, you know, in excess of sixty million,

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Speaker 3: the hammer price on that befo I was actually forty seven. So, yes,

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Speaker 3: this is a very expensive car, but relative to where

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Speaker 3: it was supposed to be quote unquote, it's really down.

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Speaker 3: And to your point, very I think this Yolo economy

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Speaker 3: is over.

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Speaker 2: Yeah, we saw this week Bloomberg put out a story

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Speaker 2: prices for Rolex and Pateech, Philippe watches. You know, the

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Speaker 2: ultra luxury super high end watches on the Bloomberg Subdial

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Speaker 2: index have come crashing down. They were off one point

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Speaker 2: eight percent last month to the lowest level since twenty

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Speaker 2: twenty one. Do you think that's the problem with F

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Speaker 2: one or is the sport to boring? The engines aren't

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Speaker 2: big enough, No one passes.

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Speaker 3: Here's a problem. Max Verstappan, that's a problem. He wins

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Speaker 3: all the time, He's already clinched the title. He's won

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Speaker 3: like seventeen of last twenty races. It's pretty predictable at

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Speaker 3: this point. Even second place is pretty predictable. And the

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Speaker 3: other thing to Barry's point about the TV viewership, this

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Speaker 3: race starts at ten pm Pacific time, which means you're

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Speaker 3: gonna have to be a diehard.

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Speaker 1: Fan whoa watch it. It really is one in the

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Speaker 1: morning East Coast time.

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Speaker 3: I did are not many people who are going to

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Speaker 3: be up at one am in New York. I don't

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Speaker 3: think to watch this race.

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Speaker 1: You can always watch it the next day on the replay.

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Speaker 3: Yeah.

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Speaker 2: I mean, I'm a huge fan of Moto GP, as

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Speaker 2: you know, because it's a far better sport. I mean,

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Speaker 2: there's a lot of passing there's a lot more strategy.

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Speaker 2: You have tons of different winners, and I just have

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Speaker 2: a subscription to MotoGP dot com and then I watch

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Speaker 2: it after the race is over because it was inevitably

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Speaker 2: in Indonesia, and then it doesn't come on until you know,

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Speaker 2: like eight in the morning on a Sunday.

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Speaker 1: I'm not up at that point.

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Speaker 2: I think it could be a bunch of different factors

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Speaker 2: from an economy that's slowing down to max for staff

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Speaker 2: and winning every time. But are we still going to

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Speaker 2: see like is Pitt gonna go? Is like Puff Daddy

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Speaker 2: gonna go? You know? Are all the celebrities gonna be

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Speaker 2: there and having like fifteen thousand dollars dinners?

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Speaker 3: Yes? I think so maybe more interesting than Brad Pitt.

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Speaker 3: David Beckham will be there. I don't know if you've

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Speaker 3: seen the latest Beckham nothing more right? Yeah, I thought

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Speaker 3: it was so good. I mean I'm a big Victoria

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Speaker 3: Beckham fan after that. But yeah, Shack will be there,

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Speaker 3: There will be celebrities there. It's going to be fun

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Speaker 3: no matter what. How can you not have fun in

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Speaker 3: Las Vegas? And I will say organizers are saying that

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Speaker 3: they're expecting record revenue regardless of anything. They're on track

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Speaker 3: to quote unquote sell out of tickets. This is what

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Speaker 3: they're telling us. So it's still gonna be great. It's

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Speaker 3: going to be great fun. Anyone who's going should really

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Speaker 3: pack their coats though. It's going to be pretty.

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Speaker 1: Cold in Las Vegas.

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Speaker 3: Ten o'clock in the desert in November is cold, true desert. Yeah. Yeah.

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Speaker 2: If you go to Vegas and you can't have fun,

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Speaker 2: you're not doing it right. Do you like Vegas?

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Speaker 3: Berry?

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Speaker 1: No, I can't stand.

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Speaker 2: But I mean for a couple nights with Yeah.

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Speaker 1: If I have to this, great restaurants, great shows, but

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Speaker 1: not my first choice of destination. When they finally nuke

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Speaker 1: that part of Nevada, you know, in the whole area

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Speaker 1: is just silicon glass, it'll be fine.

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Speaker 2: I went to Lamborghini driving school there.

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Speaker 1: That's a different story.

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Speaker 2: You know.

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Speaker 1: You can you can rent a World War two spitfire

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Speaker 1: and go up with a pilot. That's worth doing. And

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Speaker 1: Vegas is the only place that I'll let you sign

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Speaker 1: off and say sure, I'll take my life in my

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Speaker 1: hands in a eighty year old World War two plane,

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Speaker 1: let's go.

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Speaker 2: I'd like you can't do that anywhere in the desert, right,

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Speaker 2: go Vegas, sign up Vegas.

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Speaker 3: That all counts as Vegas. Though, Yeah, I guess this

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Speaker 3: is a lot more than just the strip.

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Speaker 1: I mean totally agree.

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Speaker 3: Driving out to the Hoover Dams really cool. And I

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Speaker 3: do think sort of dusty hotels where Elvis played and

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Speaker 3: Sinatra are really cool. There's amazing off roading out there.

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Speaker 3: All of that to me counts as a quote unquote Vegas.

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Speaker 3: When I go percent the fabulous shopping too, one.

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Speaker 2: Hundred percent all right, So I change. I don't go

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Speaker 2: to casinos at all. I don't hang out on the strip.

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Speaker 2: I don't gamble. That's the part of Vegas. I hate

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Speaker 2: everything around that is really interesting. Yeah, you want to

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Speaker 2: wake up married to somebody you have no idea her

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Speaker 2: last name, you know, apologies to my wife.

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Speaker 1: You're pregnant, wife, you're very pregnant.

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Speaker 2: Let's move on to well and her favorite car is

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Speaker 2: the Volvo XC ninety T eight, which is a hybrid.

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Speaker 2: You know, you can go twenty miles or more on

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Speaker 2: the battery alone, and so for doing things around town,

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Speaker 2: dropping kids off at school, going to the grocery store,

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Speaker 2: no problem. And then you can go on longer trips

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Speaker 2: because it has a gas engine that kicks in.

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Speaker 1: It's beautiful design.

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Speaker 2: I have to agree with her on that, especially that interior.

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Speaker 2: And Barry, you sent me and Hannah an email this

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Speaker 2: morning about a Toyota Camry that's only going to be

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Speaker 2: sold right right.

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Speaker 1: They're they're giving up the gas only. Listen. The crazy

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Speaker 1: thing about Toyota is they have this massive lead in

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Speaker 1: hybrid technology, and you were waiting for what they're going

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Speaker 1: to do next. Then you know they kind of let

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Speaker 1: Tesla eat their lunch. But what Toyota is telling us

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Speaker 1: is the immediate future, the next decade is going to

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Speaker 1: be hybrid.

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Speaker 2: And obviously Tesla doesn't have any hybrid vehicles.

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Speaker 1: They're fully electric.

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Speaker 2: That annoys me because I can never find a place

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Speaker 2: to charge and I like to have a little Moto vibes. Hannah,

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Speaker 2: you don't think that hybrids are the.

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Speaker 1: Way forward though.

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Speaker 3: I am not a fan of hybrids, just because I

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Speaker 3: tend to be a purist. I want to go all in,

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Speaker 3: all or nothing, and I love the of course, the

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Speaker 3: quick performance of electric vehicles, and I love my own

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Speaker 3: personal internal combustion cars. So hybrids have always seemed to

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Speaker 3: me to just be like halfway but nowhere anywhere. Who cares?

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Speaker 3: If you know, Toyota was making a Prius because also

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Speaker 3: BMW was making the I eight, and.

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Speaker 1: Well, I love the I eight, dude.

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Speaker 2: The I eight and the I three, to me, were

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Speaker 2: when I first understood why it's cool to have a

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Speaker 2: range extender motor right because they were fully electric vehicles,

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Speaker 2: but they just had a little I think it was

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Speaker 2: a one three three cylinder as like a utility pack.

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Speaker 2: It's like bringing along a backpack. It's like being a prepper.

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Speaker 2: You know, you always have an option if you need it.

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Speaker 1: My wife's Panama hybrid. We drove to Connecticut this weekend.

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Speaker 1: We got nearly forty miles a gallon on the way there.

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Speaker 1: We exhausted most of the electric for that range, but

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Speaker 1: when you drop your right foot, you still have over

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Speaker 1: five hundred horse power and that car really goes when

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Speaker 1: you wanted to go. So to me, it's the best

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Speaker 1: of both worlds. Almost forty miles a gallon on one

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Speaker 1: hundred mile trip into the woods in Connecticut, and somewhat

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Speaker 1: less on the way home without any electric.

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Speaker 2: You know, I always say there's no replacement for displacement,

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Speaker 2: but I think batteries might be that replacement. I'm driving

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Speaker 2: right now, a.

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Speaker 1: Kia Sorrento PHV.

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Speaker 2: And aside from all the other stuff that's impressive about it,

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Speaker 2: and there's a ton of stuff, it's got a locking

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Speaker 2: center diff It's got this really cool technology where when

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Speaker 2: you put your turn signal on in your center display,

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Speaker 2: you can see your blind spot and in.

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Speaker 1: Fact, all of the Hyundai Kias do that. You signal

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Speaker 1: right and it shows up in your ystem, and you

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Speaker 1: signal left and it shows up in your left dial.

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Speaker 1: That should be a standard technology across the whole.

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Speaker 3: Industry and any luxury automotive.

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Speaker 2: Okay, well, but for Akia, I think it's really cool.

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Speaker 2: I mean for Akia. It's got torque vectoring all wheel drive.

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Speaker 2: That's not something you expect when you're buying a Korean car.

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Speaker 2: But I thought the engine was more substantial than it

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Speaker 2: was when I first started driving it. I hadn't read

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Speaker 2: the specs. I popped open the hood and I saw

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Speaker 2: it's got a one point six leader in line four.

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Speaker 2: Like that's a tiny little motor, but it still has

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Speaker 2: two hundred and sixty horse power two hundred and sixty

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Speaker 2: pound feet of torque for you know, fifty thousand dollars

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Speaker 2: for the fully loaded like most luxurious addition.

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Speaker 1: That's pretty peppy. It's a lot of truck for the money.

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Speaker 1: And look the way every one of these new manufacturers

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Speaker 1: that are trying to gain traction or expand their footprint

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Speaker 1: find an audience is by offering a lot of value

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Speaker 1: for the money. Think back to the way Honda did

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Speaker 1: this forty years ago, or the way Toyota did it

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Speaker 1: sixty years ago.

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Speaker 2: So, Hannah, do you ever drive like a Kia? Because

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Speaker 2: I always think you know, you're the one who's constantly

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Speaker 2: in a culin in, but do you ever drive like

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Speaker 2: a Korean car?

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Speaker 3: This is true? Typically no, I will openly say we

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Speaker 3: do not cover typically Kia at Bloomberg Pursuits. However, I

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Speaker 3: did recently drive the Kia EV nine, which is their

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Speaker 3: big electric.

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Speaker 2: Suv I want to try.

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Speaker 3: I really really liked it. I was surprised at how

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Speaker 3: beautiful and well thought out it was. I actually really

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Speaker 3: would love to go visit the factory in South Korea.

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Speaker 3: I'm going to try to do that next year because

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Speaker 3: Kia is really making a play to elevate themselves so

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Speaker 3: that they could potentially have shoppers cross shopping between like

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Speaker 3: Volvo or a land Rover into Kia or even Audi.

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Speaker 3: And I don't think that's out of the question based

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Speaker 3: on what I've seen. We joke about it, like typically

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Speaker 3: I wouldn't cover it, but the limited amount of Kia

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Speaker 3: products that I have seen and driven, I actually am

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Speaker 3: pretty impressed by. And let's not forget this is a

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Speaker 3: company that also makes Genesis.

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Speaker 1: It is about to bring that up. Kia is owned

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Speaker 1: by Hondi. Genesis is their version of Lexus versus Tyota doing.

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Speaker 3: They know what they're doing. One question, though, do you

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Speaker 3: read the new Kiya logo as nine inch nails?

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Speaker 1: I love. I love the way it reminds me of

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Speaker 1: nine inch nails. That's hilarious. I'm on board with that.

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Speaker 2: And I, by the way, I think that the new

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Speaker 2: logo really helped them transition their brand a little bit

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Speaker 2: from being kind of a bargain basement, you know, Korean econobox,

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Speaker 2: to being something that.

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Speaker 1: People really would cross shop with. A range Rover.

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Speaker 2: I mean, the tail you ride is a beautiful car.

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Speaker 2: I don't love the powertrain, but the logo I think

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Speaker 2: helps a lot.

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Speaker 1: Really cool.

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Speaker 3: I agree, I'm with you about it's an attitude of

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Speaker 3: beautiful hospitality. And I know that sounds like a PR line,

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Speaker 3: but it actually is true that some of their vehicles

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Speaker 3: really have this beautiful sense of a welcome environment.

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Speaker 2: Actually throwing a V eight once in a while. They

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Speaker 2: need to make a big halo car.

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Speaker 1: There are no more V eights coming out, and they're

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Speaker 1: certainly coming out of Asia for mass production.

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Speaker 2: I just think they need to make a halo car

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Speaker 2: so that people can then feel okay buying the lower

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Speaker 2: end models.

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Speaker 1: That is soge old school marketing. That's just not how

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Speaker 1: it's done. We're going to give you a lot of

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Speaker 1: car or truck for the money. Yes, it's only a

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Speaker 1: V six, but you can tow, you could stick six

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Speaker 1: people in the car, you could load it up with luggage,

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Speaker 1: and it's not going to clos you an normoral leg.

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Speaker 1: That's the value proposition for these cars versus the cars

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Speaker 1: that we really have grown up loving, the BMW's, the Mercedes,

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Speaker 1: the much bigger and more expensive cars.

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Speaker 2: Okay, I'm just saying, like if Audi had never made

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Speaker 2: the quatro and one raiss with it, if they had

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Speaker 2: never made the R eight that everybody drools over in

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Speaker 2: fifty shades of gray. I don't know that we'd be buying,

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Speaker 2: you know, the.

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Speaker 1: Q three either.

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Speaker 2: And by the way, speaking of that, both of you

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Speaker 2: have a connection to Audi because Hannah you are test

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Speaker 2: driving some version of their E tron. Bary, you of

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Speaker 2: course have the R but Hannah first tell us about

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Speaker 2: the ev that you drove.

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Speaker 3: Okay, so yesterday I drove the s Q eight e Tron,

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Speaker 3: which is basically it's sort of a higher performance version

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Speaker 3: of the Q eight, which is a five passenger sub.

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Speaker 3: It's all electric, starts at about ninety thousand dollars, and

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Speaker 3: it was beautiful. The you know, Audi has been a

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Speaker 3: little bit behind when it comes to offering electric vehicles,

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Speaker 3: and they're making they're trying to make up for lost time,

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Speaker 3: and so anything with E tron at the end is

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Speaker 3: there electric offering. The SQ eight, despite its confusing name,

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Speaker 3: was really nice. It was beautifully appointed inside. It was

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Speaker 3: as quiet, actually proven by Audi, as quiet as an

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Speaker 3: a eight sedan. Really nice balanced. It's heavy, It's like

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Speaker 3: a six thousand pound suv, so you do feel that

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Speaker 3: a bit.

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Speaker 1: Some people like it heavy. Don't forget not if you

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Speaker 1: have to make a chandgment.

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Speaker 3: There's no judgment. I like it.

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Speaker 1: I like a big heavy cruiser.

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Speaker 3: Well, we love that, we love that, and this did

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Speaker 3: feel really nicely insulated and solid. And I actually have

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Speaker 3: a friend who's been looking for an electric suv and

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Speaker 3: I instantly messaged her and said, I think you're really

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Speaker 3: going to love it.

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Speaker 1: A good looking truck.

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Speaker 2: I drove also the Q eight Etron, not the S version,

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Speaker 2: but I'll say that I was disappointed that they used

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Speaker 2: the Q eight Moniker, because I think the Q eight

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Speaker 2: is one of the best designs Audi has come out

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Speaker 2: with in at least a decade. It's a head turner

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Speaker 2: whenever I see a real Q eight on the road,

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Speaker 2: and the e Tron version is not a real Q eight,

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Speaker 2: it doesn't look as cool. It's more invisible, Like you

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Speaker 2: can easily overlook the e Tron version, whereas the full

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Speaker 2: fat ask Q eight it's so hulking and muscular that

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Speaker 2: you can't overlook it.

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Speaker 1: But it is definitely solid.

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Speaker 2: That's the word I would use for it, Like it

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Speaker 2: is a product that you feel like is over engineered

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Speaker 2: and is not going to break down.

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Speaker 1: What do you think Bury abou Audies.

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Speaker 2: I mean, you have obviously the Halo car, but what

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Speaker 2: do you think about the brand and the other vehicles.

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Speaker 1: You know, it's full time oil wheel drive, and if

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Speaker 1: you're in the part of the country where you're very

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Speaker 1: much dealing with weather or or you're off road, they're

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Speaker 1: great for that. They're notoriously expensive to repair. They're they're

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Speaker 1: not the lowest cost maintenance. Comparatively, you buy a Honda Toyota,

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Speaker 1: you put gas and occasionally oil into it, you're good

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Speaker 1: for a bajillion miles. Some the German cars tend to

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Speaker 1: be a little more finicky my experience with Audi's and bms,

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Speaker 1: you have to build a little bit of a repair buffer,

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Speaker 1: especially if you're looking for a thirty thousand mile car,

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Speaker 1: like I know you're hunting for. They're not terrible, it's

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Speaker 1: not you know, you speak to people with you know,

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Speaker 1: British cars or even some of the older Ferraris and

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Speaker 1: you're writing big checks to your mechanic. But they're great cars.

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Speaker 1: They're well designed, they hold up well, and I know

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Speaker 1: lots of people who have Q five's with you know,

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Speaker 1: two hundred thousand miles on them.

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Speaker 3: Well, I think I have to say just a little bit.

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Speaker 3: I think that German engineering has a pretty good track

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Speaker 3: record for sure my ability, and it's a little unfair

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Speaker 3: to compare them to British and Italian engineering agreed.

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Speaker 1: I've never had a problem. I had an AUTI for

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Speaker 1: a long time, never had a problem with it.

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Speaker 2: If you have a repair, it'll cost Mercedes for a

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Speaker 2: long time, never had a problem with MYSL was bulletproof

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Speaker 2: until you had to replace the coils.

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Speaker 1: You had to do something, and it's not an inexpensive repair.

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Speaker 1: I just brace yourself.

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Speaker 3: I'm sensing that Bear will always choose the practical option,

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Speaker 3: the very solid, practical.

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Speaker 1: You know you don't like r it's totally practical, like

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Speaker 1: the M six convertible manual, the most practical. No, I

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Speaker 1: don't think so.

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Speaker 3: Dude.

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Speaker 2: He has a C two and he bought a nine

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Speaker 2: to eleven that he sent to be converted into an EV.

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Speaker 1: Yeah, in the middle of that, that's a fun project.

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Speaker 1: These are not cheap cars, but they are if you're

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Speaker 1: buying them twenty five years old. That's why I say,

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Speaker 1: you have to have a reasonable repair. Do you have

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Speaker 1: to set aside a budget?

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Speaker 2: So I, By the way, I wanted as longtime listeners

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Speaker 2: will know, I really wanted to get BMW seven sixty

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Speaker 2: to replace my wife's Volvo, and she has basically said

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Speaker 2: no way, Jose.

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Speaker 1: But she is willing to get an X five.

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Speaker 2: And so I want the M fifty with the twin

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Speaker 2: turbov eight and the ZF transmission. I was looking at

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Speaker 2: Savage Geese on YouTube and they have a review of it,

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Speaker 2: and they were like, listen, if something goes wrong with

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Speaker 2: any of the air suspenders on each corner, eighteen hundred dollars.

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Speaker 1: That happened with my brother, and it was much more

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Speaker 1: than that.

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Speaker 2: His seventh say, if something goes wrong with the transmission,

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Speaker 2: you know you're looking at a five thousand dollars repair.

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00:21:12,680 --> 00:21:14,840
Speaker 2: If something goes wrong with the engine, obviously rebuild, but

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00:21:15,320 --> 00:21:18,480
Speaker 2: they're not cheap to fix. So if you're buying a

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00:21:18,600 --> 00:21:21,520
Speaker 2: used one, the guy from Savage Geese said, set aside

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00:21:21,560 --> 00:21:22,399
Speaker 2: ten thousand dollars.

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00:21:22,480 --> 00:21:26,680
Speaker 1: That's exactly right. I'll buy yourself a more substantial extended war. Now,

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00:21:26,760 --> 00:21:29,560
Speaker 1: now that said, I've had two series, I've had three series.

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00:21:29,600 --> 00:21:35,560
Speaker 1: I've had Next four Bulletproof, never need repairs, absolutely spectacular cars.

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00:21:35,920 --> 00:21:40,359
Speaker 1: But for example, I had a fuel injection issue with

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00:21:40,440 --> 00:21:44,200
Speaker 1: them six that kept getting an idiot light. It would

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00:21:44,280 --> 00:21:47,400
Speaker 1: reset itself, and it was a one of those quirky

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00:21:47,440 --> 00:21:50,760
Speaker 1: little things that were hard to pin down. Ultimately, it

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00:21:50,800 --> 00:21:53,480
Speaker 1: was BMW who figured out what it was not a

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00:21:53,560 --> 00:21:55,960
Speaker 1: cheap repair very well, that was my only repair I've

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Speaker 1: had on that car in ten years.

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Speaker 2: What was and I want to know from Hannah to

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00:22:00,080 --> 00:22:02,320
Speaker 2: what was the first car you ever bought with your

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00:22:02,320 --> 00:22:02,879
Speaker 2: own money?

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00:22:03,040 --> 00:22:06,840
Speaker 1: A Chrysler nineteen sixty seven Chrysler three hundred cost me

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00:22:06,840 --> 00:22:09,439
Speaker 1: a one hundred bucks from my uncle. Had it for

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00:22:09,480 --> 00:22:13,119
Speaker 1: about a month. My mom totaled it nice three hundred

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00:22:13,280 --> 00:22:16,040
Speaker 1: trip the tires at any speed you're doing fifty miles

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00:22:16,040 --> 00:22:18,600
Speaker 1: an hour, step on the gas. And they've just come

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00:22:18,600 --> 00:22:21,399
Speaker 1: out with the last year of the Chrysler three hundred

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00:22:21,560 --> 00:22:23,760
Speaker 1: see with a six point four liter Hemi in it,

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00:22:23,800 --> 00:22:26,159
Speaker 1: which I'm pretty excited end of the Hemi line to

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Speaker 1: drive it. Hannah, what was the first car you ever bought?

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00:22:29,320 --> 00:22:33,119
Speaker 3: That was a sixty nine Buke Skylark that I paid

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00:22:33,320 --> 00:22:35,720
Speaker 3: also one hundred dollars for. I split it with my sister.

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00:22:35,960 --> 00:22:38,320
Speaker 3: We bought it but a church lady who charged just

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00:22:38,440 --> 00:22:41,639
Speaker 3: two hundred dollars and I was deeply embarrassed of it,

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00:22:41,720 --> 00:22:44,119
Speaker 3: and it sold my half to my sister as quickly

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00:22:44,160 --> 00:22:44,600
Speaker 3: as I could.

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00:22:44,720 --> 00:22:46,760
Speaker 1: No, yep, but what a cool car.

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00:22:47,520 --> 00:22:51,680
Speaker 3: Absolutely cool. She was far more advanced think in her

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00:22:51,720 --> 00:22:54,240
Speaker 3: thinking about design and history than I was at the time.

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00:22:54,280 --> 00:22:57,000
Speaker 3: I was so embarrassed of that car, but she loved it.

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Speaker 2: I think it's I just googled it. Look at this Barry.

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00:23:00,000 --> 00:23:05,120
Speaker 3: What a cool car, green, black interior, you know, beautiful steering.

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Speaker 1: Not the highlight of American automobile manufacturer.

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Speaker 2: I think it's awesome. I would like to have one

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00:23:10,240 --> 00:23:14,560
Speaker 2: of those today. My first car ever, because my dear

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00:23:14,880 --> 00:23:17,680
Speaker 2: late grandmother, bless her soul, gave me ten thousand dollars

483
00:23:18,080 --> 00:23:20,280
Speaker 2: when I graduated from college and I put it on

484
00:23:20,640 --> 00:23:24,800
Speaker 2: a down payment for an Audi A four avauant in

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00:23:24,840 --> 00:23:27,560
Speaker 2: the year two thousand. I was living in Frankfurt at

486
00:23:27,560 --> 00:23:29,560
Speaker 2: the time, so I got to drive it on the Autobahn.

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00:23:30,000 --> 00:23:32,600
Speaker 2: It had a two point five liter TDI, so its diesel,

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00:23:32,640 --> 00:23:34,440
Speaker 2: but it had one hundred eighty horse power and it's

489
00:23:34,440 --> 00:23:37,760
Speaker 2: pretty light, so it really got moving. I could do

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00:23:37,880 --> 00:23:41,320
Speaker 2: like two top speed two twenty in kilometers per hour,

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00:23:41,400 --> 00:23:44,520
Speaker 2: so that's like one hundred and thirty miles per hour.

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00:23:44,840 --> 00:23:47,560
Speaker 1: And I did that well.

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00:23:47,560 --> 00:23:50,200
Speaker 2: I was a little older. I was like twenty five and.

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00:23:50,160 --> 00:23:53,280
Speaker 1: Those diesels run forever. Also, those are three hundred thousand

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00:23:53,320 --> 00:23:56,000
Speaker 1: mile cars. Yeah, that was a great, great vehicle.

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00:23:56,000 --> 00:23:56,800
Speaker 3: What happened to that car?

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00:23:56,880 --> 00:23:58,800
Speaker 2: Mat I had to sell it when I moved to

498
00:23:59,000 --> 00:24:02,040
Speaker 2: London a few years later because of the you know,

499
00:24:02,080 --> 00:24:03,920
Speaker 2: because the British drive on the wrong side of the road,

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00:24:04,000 --> 00:24:05,160
Speaker 2: so it wouldn't have made sense.

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00:24:05,640 --> 00:24:07,560
Speaker 1: And also I think I was broke after a few

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00:24:07,600 --> 00:24:08,800
Speaker 1: years and leaded the money.

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00:24:11,280 --> 00:24:14,199
Speaker 2: That does it for this episode, Barry, thank you so

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00:24:14,280 --> 00:24:15,440
Speaker 2: much for joining us.

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00:24:15,560 --> 00:24:16,679
Speaker 1: Real pleasure to have you.

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00:24:17,000 --> 00:24:19,919
Speaker 2: I just want to point out that anyone who wants

507
00:24:19,960 --> 00:24:22,399
Speaker 2: to follow me at Matt Miller nineteen seventy three on

508
00:24:22,440 --> 00:24:25,440
Speaker 2: Instagram can do so. Matt Miller nineteen seventy three.

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00:24:25,920 --> 00:24:29,080
Speaker 3: My Instagram is Hannah Elliott XO. I will not be

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00:24:29,160 --> 00:24:32,320
Speaker 3: sharing my birth year with anybody who asks, and it's

511
00:24:32,400 --> 00:24:35,320
Speaker 3: root of you to ask. And you can also find

512
00:24:35,320 --> 00:24:38,000
Speaker 3: me on Bloomberg dot com and sometimes on the radio

513
00:24:38,040 --> 00:24:39,679
Speaker 3: with Matt and sometimes with Barry.

514
00:24:39,960 --> 00:24:42,880
Speaker 1: Follow me on Twitter at Ridolts. For as long as

515
00:24:42,920 --> 00:24:46,399
Speaker 1: Twitter hangs on by its fingernails, it's doing a full

516
00:24:46,440 --> 00:24:48,800
Speaker 1: friends start. We're circling the dream. You know, we'll see

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Speaker 1: what the new year brings.

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Speaker 2: I guess that's it for hot pursuit. That you can

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00:24:53,040 --> 00:24:55,440
Speaker 2: catch more at the same time, same place next week.

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00:24:55,680 --> 00:24:59,080
Speaker 3: I'm Matt Miller, I'm Hannah Elliott, and this is Bloomberg.

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Speaker 1: Thank