1
00:00:00,040 --> 00:00:03,600
Speaker 1: An illegal alien from Guatemala charged with raping a child

2
00:00:03,680 --> 00:00:07,480
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

3
00:00:07,720 --> 00:00:11,840
Speaker 1: accused of murdering a Texas man of Venezuelan charged with

4
00:00:11,920 --> 00:00:15,840
Speaker 1: filming and selling child pornography in Michigan. These are just

5
00:00:15,920 --> 00:00:19,680
Speaker 1: some of the heinous migrant criminals caught because of President

6
00:00:19,720 --> 00:00:20,159
Speaker 1: Donald J.

7
00:00:20,239 --> 00:00:21,200
Speaker 2: Trump's leadership.

8
00:00:21,480 --> 00:00:25,079
Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.

9
00:00:25,440 --> 00:00:29,200
Speaker 1: Under President Trump, attempted illegal border crossings are at the

10
00:00:29,240 --> 00:00:33,080
Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal

11
00:00:33,120 --> 00:00:36,920
Speaker 1: aliens have been arrested. If you are here illegally, your

12
00:00:37,040 --> 00:00:41,160
Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,

13
00:00:41,479 --> 00:00:42,160
Speaker 1: and deported.

14
00:00:42,600 --> 00:00:43,800
Speaker 2: You will never return.

15
00:00:44,120 --> 00:00:47,120
Speaker 1: But if you register using our CBP home app and

16
00:00:47,240 --> 00:00:50,120
Speaker 1: leave now, you could be allowed to return legally.

17
00:00:50,479 --> 00:00:52,720
Speaker 2: Do what's right. Leave now.

18
00:00:53,040 --> 00:00:57,840
Speaker 1: Under President Trump, America's laws, border and families will be protected.

19
00:00:57,920 --> 00:01:00,000
Speaker 3: Sponsored by the United States Department of Homeland Security.

20
00:01:00,520 --> 00:01:04,360
Speaker 4: The difference between leasing and buying a car. What are

21
00:01:04,400 --> 00:01:06,640
Speaker 4: some key differences in leasing a car and buying a car?

22
00:01:07,080 --> 00:01:10,400
Speaker 5: Well, on at least most people, you'll hear that A

23
00:01:10,400 --> 00:01:12,160
Speaker 5: lot people say, well, you don't own the car, right.

24
00:01:12,440 --> 00:01:14,720
Speaker 5: The truth is, do you want to own a vehicle

25
00:01:14,720 --> 00:01:15,680
Speaker 5: that's going to lose value?

26
00:01:15,720 --> 00:01:15,880
Speaker 3: Right?

27
00:01:16,440 --> 00:01:18,840
Speaker 5: Very rarely do cars go up in value. So that's

28
00:01:18,880 --> 00:01:21,600
Speaker 5: why leasing is so prevalent, seventy eighty percent, Like you said,

29
00:01:21,760 --> 00:01:24,240
Speaker 5: of people leased to vehicles, when you're financing the vehicle,

30
00:01:24,280 --> 00:01:27,880
Speaker 5: you do, you technically own it, but the bank owns

31
00:01:27,920 --> 00:01:30,320
Speaker 5: it while you're financing, So until you pay it off,

32
00:01:30,880 --> 00:01:33,319
Speaker 5: the vehicle still belongs to the bank title the titles

33
00:01:33,360 --> 00:01:35,480
Speaker 5: held by the bank. You're not the owner of that vehicle.

34
00:01:36,000 --> 00:01:38,320
Speaker 4: That's something that's a common misconception. You don't own a

35
00:01:38,360 --> 00:01:41,640
Speaker 4: car the way until you finally pay it off. And

36
00:01:41,680 --> 00:01:43,280
Speaker 4: then when you do pay it off, most people want

37
00:01:43,319 --> 00:01:43,679
Speaker 4: to trade it in.

38
00:01:43,680 --> 00:01:45,640
Speaker 6: They want to trade it in right away old by

39
00:01:45,640 --> 00:01:47,600
Speaker 6: the time you own it now it's old exactly.

40
00:01:47,840 --> 00:01:50,120
Speaker 4: But another thing with the leasing that people don't fully

41
00:01:50,200 --> 00:01:52,040
Speaker 4: understand it is like for me personally, right, the reason

42
00:01:52,080 --> 00:01:55,840
Speaker 4: why at least is that I'm a business owner, right,

43
00:01:56,120 --> 00:01:58,480
Speaker 4: so I get better tax treaming for leasing the car exactly,

44
00:01:58,480 --> 00:02:01,000
Speaker 4: Whereas like with the lease, I could off the insurance,

45
00:02:01,040 --> 00:02:04,720
Speaker 4: the gas, and the least payment formula percentage, we won't

46
00:02:04,760 --> 00:02:06,720
Speaker 4: get too complicated in it. But I can write that

47
00:02:06,760 --> 00:02:09,480
Speaker 4: off on my taxes. If I own the car, then

48
00:02:09,480 --> 00:02:11,559
Speaker 4: I can only I have to go by the depreciation,

49
00:02:11,720 --> 00:02:14,400
Speaker 4: correctcause it's a own I get less of a tax

50
00:02:14,440 --> 00:02:17,600
Speaker 4: benefit for owning a car, So it's in my benefit

51
00:02:17,720 --> 00:02:20,560
Speaker 4: to lease the car because it's pretty much a rite

52
00:02:20,560 --> 00:02:24,400
Speaker 4: off for me, and I don't have to worry about maintenance. Right,

53
00:02:24,480 --> 00:02:27,280
Speaker 4: So I never haven't gotten I haven't paid for oil

54
00:02:27,360 --> 00:02:29,400
Speaker 4: change and I can't remember when because all at least

55
00:02:29,440 --> 00:02:33,040
Speaker 4: everything is paid for, yes, and then I get a

56
00:02:33,080 --> 00:02:35,960
Speaker 4: new car every three years. Now I always sell, like

57
00:02:36,000 --> 00:02:38,480
Speaker 4: if you want to. Everybody's personal preference is different. You

58
00:02:38,520 --> 00:02:41,560
Speaker 4: can't foreshel views on somebody, right, Like if you want

59
00:02:41,600 --> 00:02:43,720
Speaker 4: to keep a car for ten years, that shit right,

60
00:02:44,200 --> 00:02:46,160
Speaker 4: you can do that. I don't want to do that.

61
00:02:46,200 --> 00:02:48,120
Speaker 4: I want to get a new car. So I know

62
00:02:48,160 --> 00:02:49,880
Speaker 4: it's going to cost me a lot more money to

63
00:02:49,919 --> 00:02:51,760
Speaker 4: buy a car and then buy a new car every

64
00:02:51,800 --> 00:02:54,040
Speaker 4: three years as opposed to leasing a car and then

65
00:02:54,080 --> 00:02:56,720
Speaker 4: getting a new car every three years. And the upfront

66
00:02:57,160 --> 00:02:58,480
Speaker 4: is less, right.

67
00:02:58,440 --> 00:03:02,480
Speaker 5: Yeah, absolutely, lead You only pay let's say the taxes.

68
00:03:02,520 --> 00:03:04,600
Speaker 5: Right when you're financing in a vehicle, you pay tax

69
00:03:04,600 --> 00:03:06,239
Speaker 5: on the whole price of the car, or on a

70
00:03:06,360 --> 00:03:08,520
Speaker 5: lease you only pay tax and let's say the monthly payment.

71
00:03:08,520 --> 00:03:10,280
Speaker 5: Depending on the state and where you're registering the car,

72
00:03:10,440 --> 00:03:12,800
Speaker 5: Let's say like New York, you're only paying tax on

73
00:03:12,880 --> 00:03:13,640
Speaker 5: the monthly payment.

74
00:03:14,480 --> 00:03:16,840
Speaker 4: Right. So I think that that's something that people could

75
00:03:17,240 --> 00:03:19,200
Speaker 4: And as far as for me, I don't drive a lot,

76
00:03:19,440 --> 00:03:22,720
Speaker 4: so twelve thousand miles. I never go with twelve thousand miles.

77
00:03:22,720 --> 00:03:26,440
Speaker 4: I usually hit like eleven ten to five, So it's

78
00:03:26,440 --> 00:03:28,360
Speaker 4: perfect for me. But you were saying, even if you

79
00:03:28,400 --> 00:03:29,800
Speaker 4: do go with twelve thousand.

80
00:03:29,760 --> 00:03:31,600
Speaker 5: That's a big misconception. Also, it's a lot of people

81
00:03:31,680 --> 00:03:33,560
Speaker 5: think that if I drive a lot of mileage, I

82
00:03:33,560 --> 00:03:35,040
Speaker 5: shouldn't be leasing. You know, you hear a lot of

83
00:03:35,040 --> 00:03:36,440
Speaker 5: people come in and they say, you know, I do

84
00:03:36,520 --> 00:03:38,400
Speaker 5: fifteen twenty thousand miles a year, I shouldn't you know,

85
00:03:38,520 --> 00:03:40,440
Speaker 5: leasing is not for me. I think the contrary.

86
00:03:40,800 --> 00:03:41,440
Speaker 4: It's the way I.

87
00:03:41,360 --> 00:03:43,960
Speaker 5: Look at it is when you're leasing the vehicle, even

88
00:03:44,000 --> 00:03:46,400
Speaker 5: if it's a high mileage, least you know your true

89
00:03:46,400 --> 00:03:48,600
Speaker 5: cost of ownership. Like you said, with maintenance, right, you

90
00:03:48,680 --> 00:03:50,520
Speaker 5: know that you're gonna have this car three years. You're

91
00:03:50,520 --> 00:03:52,760
Speaker 5: gonna put fifteen thousand miles a year, you'll have forty

92
00:03:52,800 --> 00:03:56,000
Speaker 5: five thousand miles most warranties, or let's say four year,

93
00:03:56,080 --> 00:03:58,080
Speaker 5: fifty thousand mile bumper to bump a warranty, so you'll

94
00:03:58,120 --> 00:04:00,800
Speaker 5: still covered under your warranty, you see what I mean.

95
00:04:00,800 --> 00:04:02,000
Speaker 5: So you'll be able to look at it and say, hey,

96
00:04:02,000 --> 00:04:03,520
Speaker 5: you know what, I know exactly what I'm going to

97
00:04:03,520 --> 00:04:05,480
Speaker 5: be paying every month for this car as long as

98
00:04:05,480 --> 00:04:07,880
Speaker 5: I have my lease. Now, when you're financing a car

99
00:04:07,880 --> 00:04:09,720
Speaker 5: and you're putting high mileage on the car, the two

100
00:04:09,840 --> 00:04:12,760
Speaker 5: things that lower the value of the car quickest is

101
00:04:12,760 --> 00:04:14,800
Speaker 5: the amount of mileedge you put on it and the

102
00:04:14,920 --> 00:04:16,560
Speaker 5: condition of the car. So let's save the vehicle is

103
00:04:16,600 --> 00:04:19,720
Speaker 5: in an accident. So if I'm leasing my car and

104
00:04:20,000 --> 00:04:23,119
Speaker 5: and someone in that my next door neighbor's buying their vehicle,

105
00:04:23,160 --> 00:04:25,919
Speaker 5: they're financing their car in three years, I have a

106
00:04:25,920 --> 00:04:28,040
Speaker 5: lot more flexibility of what I can do. I don't

107
00:04:28,040 --> 00:04:30,320
Speaker 5: have to worry about if my car was in an accident,

108
00:04:30,440 --> 00:04:32,840
Speaker 5: or does somebody key my car? Did a garbage truck

109
00:04:32,839 --> 00:04:34,560
Speaker 5: come down the street to hit my car? Because their

110
00:04:34,680 --> 00:04:36,800
Speaker 5: value is dropped. Now, So now you're playing this guessing

111
00:04:36,839 --> 00:04:39,040
Speaker 5: game of well, wait a minute, what is my car

112
00:04:39,160 --> 00:04:41,039
Speaker 5: now worth? And you run into a situation where you

113
00:04:41,160 --> 00:04:43,840
Speaker 5: finally pay off your car. You put money into the

114
00:04:43,920 --> 00:04:45,880
Speaker 5: vehicle trying to fix it, and they turn around and say, hey,

115
00:04:45,880 --> 00:04:47,240
Speaker 5: your car's worth six thousand dollars.

116
00:04:47,720 --> 00:04:47,920
Speaker 3: Now.

117
00:04:48,000 --> 00:04:50,880
Speaker 5: The other thing that we talked about was that technology

118
00:04:50,920 --> 00:04:55,080
Speaker 5: is moving so fast, so things get antiquated quick. So

119
00:04:55,120 --> 00:04:57,640
Speaker 5: that's why leasing is nice because in three years you

120
00:04:58,080 --> 00:05:00,840
Speaker 5: may not need a small sedan right now. In three years,

121
00:05:00,880 --> 00:05:02,960
Speaker 5: your life changes. You have a family, you have kids.

122
00:05:03,120 --> 00:05:04,080
Speaker 5: Now I want to skuv.

123
00:05:04,760 --> 00:05:05,440
Speaker 4: My lease is up.

124
00:05:05,480 --> 00:05:07,240
Speaker 5: I come out of the liasing, I go into the

125
00:05:07,480 --> 00:05:08,680
Speaker 5: brand new SUV if I want to.

126
00:05:08,600 --> 00:05:09,960
Speaker 6: Can't fit in COUD anymore?

127
00:05:10,000 --> 00:05:10,360
Speaker 3: Exactly.

128
00:05:10,440 --> 00:05:13,000
Speaker 6: Yeah, Now that's true. Technology changes, even like the FELP

129
00:05:13,040 --> 00:05:15,160
Speaker 6: I have now, Like I saw the two thousand, twenty

130
00:05:15,279 --> 00:05:17,680
Speaker 6: twenty mode, I'm like, wait, yeah, that is ridiculous, Like

131
00:05:17,720 --> 00:05:20,080
Speaker 6: I need that technology now. So it's like you can

132
00:05:20,200 --> 00:05:22,159
Speaker 6: just come in every three years. Man, that's a that's

133
00:05:22,160 --> 00:05:25,400
Speaker 6: a huge benefit in leasing. One of the things that

134
00:05:25,520 --> 00:05:27,400
Speaker 6: is important when you lease in all finances is the

135
00:05:27,480 --> 00:05:28,920
Speaker 6: credit Yep, how.

136
00:05:28,839 --> 00:05:29,360
Speaker 3: Does that work?

137
00:05:29,720 --> 00:05:33,279
Speaker 6: Is there a specific bureau that car dealerships use or

138
00:05:33,320 --> 00:05:34,840
Speaker 6: the bank, so it.

139
00:05:34,839 --> 00:05:38,240
Speaker 5: Varies between manufacturers, so different banks. So let's say if

140
00:05:38,240 --> 00:05:41,359
Speaker 5: you're going to Honda Honda Financial, Toyota has Toyota Motive Credit,

141
00:05:41,440 --> 00:05:45,480
Speaker 5: Mercedes Benz has Mercedes Benz Financial. They all have different criterias, right,

142
00:05:45,720 --> 00:05:48,800
Speaker 5: So it's not it's not a blanket as far as

143
00:05:48,800 --> 00:05:50,880
Speaker 5: what they use. Some people use transunions, some people use

144
00:05:50,920 --> 00:05:53,720
Speaker 5: echo facts. Other manufacturers use what's called the auto score.

145
00:05:54,040 --> 00:05:57,200
Speaker 5: So an autoscore means your automotive history. So even if

146
00:05:57,200 --> 00:05:59,560
Speaker 5: you had some trouble on your credit but they saw,

147
00:05:59,680 --> 00:06:01,599
Speaker 5: let's say, for whatever reason, you had some medical bills

148
00:06:01,680 --> 00:06:04,640
Speaker 5: or something happened, but you always paid your car node

149
00:06:04,680 --> 00:06:06,840
Speaker 5: on time. The bank may look at that and say, hey,

150
00:06:06,839 --> 00:06:09,520
Speaker 5: well wait a minute, yeah, they missed some payments over here,

151
00:06:10,120 --> 00:06:12,320
Speaker 5: but they always paid their car on time. So that

152
00:06:12,400 --> 00:06:14,360
Speaker 5: means that, hey, you know what, this person needs that car.

153
00:06:14,400 --> 00:06:15,720
Speaker 5: They need to get to work, they need.

154
00:06:15,640 --> 00:06:17,840
Speaker 3: To provide erners. What's up.

155
00:06:17,960 --> 00:06:20,400
Speaker 7: You ever walk into a small business and everything just

156
00:06:20,560 --> 00:06:23,719
Speaker 7: works like, the checkout is fast, the receipts are digital,

157
00:06:24,279 --> 00:06:27,239
Speaker 7: tipping is a breeze, and you're out the door before

158
00:06:27,240 --> 00:06:31,400
Speaker 7: the line even builds odds are they're using Square. We

159
00:06:31,560 --> 00:06:34,120
Speaker 7: love supporting businesses that run on Square because it just

160
00:06:34,160 --> 00:06:37,400
Speaker 7: feels seamless. Whether it's a local coffee shop, a vendor

161
00:06:37,440 --> 00:06:39,680
Speaker 7: at a pop up market, or even one of our

162
00:06:39,760 --> 00:06:43,400
Speaker 7: merch partners, Square makes it easy for them to take payments,

163
00:06:43,600 --> 00:06:47,360
Speaker 7: manage inventory, and run their business with confidence, all from

164
00:06:47,440 --> 00:06:50,839
Speaker 7: one simple system. If you're a business owner or even

165
00:06:50,920 --> 00:06:54,440
Speaker 7: just thinking about launching something soon, Square is hands down

166
00:06:54,480 --> 00:06:57,560
Speaker 7: one of the best tools out there to help you start, run,

167
00:06:57,760 --> 00:07:01,080
Speaker 7: and grow. It's not just about payments, it's about giving

168
00:07:01,120 --> 00:07:03,760
Speaker 7: you time back so you can focus on what matters

169
00:07:03,800 --> 00:07:07,080
Speaker 7: most ready. To see how Square can transform your business,

170
00:07:07,320 --> 00:07:11,960
Speaker 7: visit Square dot com backslash go backslash eyl to learn

171
00:07:12,000 --> 00:07:17,200
Speaker 7: more that Square dot com backslash, go backslash eyl. Don't wait,

172
00:07:17,480 --> 00:07:20,320
Speaker 7: don't hesitate. Let Square handle the back end so you

173
00:07:20,360 --> 00:07:26,680
Speaker 7: can keep pushing your vision forward. This episode is brought

174
00:07:26,680 --> 00:07:28,600
Speaker 7: to you by P and C Bank. A lot of

175
00:07:28,600 --> 00:07:32,200
Speaker 7: people think podcasts about work are boring, and sure, they

176
00:07:32,280 --> 00:07:36,160
Speaker 7: definitely can be, but understanding a professionals routine shows us

177
00:07:36,160 --> 00:07:39,800
Speaker 7: how they achieve their success little by little, day after day.

178
00:07:40,800 --> 00:07:43,280
Speaker 7: It's like banking with P and C Bank. It might

179
00:07:43,400 --> 00:07:46,280
Speaker 7: seem boring to save, plan and make calculated decisions with

180
00:07:46,360 --> 00:07:49,360
Speaker 7: your bank, but keeping your money boring is what helps

181
00:07:49,400 --> 00:07:52,440
Speaker 7: you live or more happily fulfilled life. P and C

182
00:07:52,600 --> 00:07:57,760
Speaker 7: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since

183
00:07:57,800 --> 00:08:00,400
Speaker 7: eighteen sixty five is a service mark of the PNC

184
00:08:00,600 --> 00:08:04,520
Speaker 7: Financial Service Group, Inc. P and C Bank National Association

185
00:08:04,760 --> 00:08:05,720
Speaker 7: Member FDIC.

186
00:08:07,480 --> 00:08:11,160
Speaker 1: An illegal alien from Guatemala charged with raping a child

187
00:08:11,200 --> 00:08:14,960
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

188
00:08:15,240 --> 00:08:19,360
Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with

189
00:08:19,440 --> 00:08:23,320
Speaker 1: filming and selling child pornography in Michigan. These are just

190
00:08:23,440 --> 00:08:27,200
Speaker 1: some of the heinous migrant criminals caught because of President

191
00:08:27,200 --> 00:08:27,640
Speaker 1: Donald J.

192
00:08:27,720 --> 00:08:30,120
Speaker 2: Trump's leadership. I'm Christy nom the.

193
00:08:30,200 --> 00:08:34,800
Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted

194
00:08:34,840 --> 00:08:38,559
Speaker 1: illegal border crossings are at the lowest levels ever recorded,

195
00:08:38,840 --> 00:08:41,480
Speaker 1: and over one hundred thousand illegal aliens.

196
00:08:41,080 --> 00:08:41,880
Speaker 2: Have been arrested.

197
00:08:42,160 --> 00:08:45,720
Speaker 1: If you are here illegally, your next you will be

198
00:08:45,760 --> 00:08:49,640
Speaker 1: fine nearly one thousand dollars a day. Imprisoned and deported,

199
00:08:50,120 --> 00:08:53,360
Speaker 1: you will never return. But if you register using our

200
00:08:53,360 --> 00:08:56,600
Speaker 1: CBP home app and leave now. You could be allowed

201
00:08:56,600 --> 00:08:58,800
Speaker 1: to return legally, do what's right.

202
00:08:59,320 --> 00:09:00,120
Speaker 2: Leave now.

203
00:09:00,520 --> 00:09:04,880
Speaker 1: Under President Trump America's laws, border and families will.

204
00:09:04,720 --> 00:09:07,880
Speaker 3: Be protected sponsored by the United States Department of Homeland Security.

205
00:09:07,800 --> 00:09:09,920
Speaker 5: For their family. So no matter what happens, they're going

206
00:09:09,960 --> 00:09:11,120
Speaker 5: to take care of that monthly payment.

207
00:09:11,200 --> 00:09:12,800
Speaker 4: And another thing I want people to think too. A

208
00:09:12,800 --> 00:09:14,680
Speaker 4: lot of times people will look at it like, Okay, well,

209
00:09:15,000 --> 00:09:17,200
Speaker 4: I'm not a business owner and we're talking about luxury

210
00:09:17,200 --> 00:09:19,360
Speaker 4: cars just because we have luxury cars. But it's the

211
00:09:19,400 --> 00:09:22,440
Speaker 4: conversations for any type of puss doesn't matter. But also

212
00:09:22,800 --> 00:09:25,520
Speaker 4: people have to realize is that you don't have to

213
00:09:25,559 --> 00:09:28,480
Speaker 4: be a full time entrepreneur to be an entrepreneur because

214
00:09:28,520 --> 00:09:31,160
Speaker 4: the tax system. I can't stress this. The tax system

215
00:09:31,200 --> 00:09:34,079
Speaker 4: is set up for entrepreneurs and investors. It's not set

216
00:09:34,160 --> 00:09:38,000
Speaker 4: up for employees, right, So as an entrepreneur, you get

217
00:09:38,040 --> 00:09:40,760
Speaker 4: all kinds of benefits. You can write off meals, you

218
00:09:40,800 --> 00:09:43,560
Speaker 4: can write off travel, you can write off almost anything

219
00:09:43,640 --> 00:09:46,319
Speaker 4: realistically as long as it makes sense. Don't get what

220
00:09:46,360 --> 00:09:49,120
Speaker 4: it is. And cars is one of the things that

221
00:09:49,120 --> 00:09:51,000
Speaker 4: you can write off. Right. So if you work in

222
00:09:51,040 --> 00:09:53,600
Speaker 4: a regular job and you might have a side hustle,

223
00:09:53,679 --> 00:09:56,720
Speaker 4: why not get that incorporated, get LLC, get a see court,

224
00:09:56,760 --> 00:09:59,400
Speaker 4: whatever you want to do, and get a tax id

225
00:09:59,520 --> 00:10:02,079
Speaker 4: opening up account. Now you have a business. So now

226
00:10:02,320 --> 00:10:05,000
Speaker 4: you can lease that from your side hustle business, and

227
00:10:05,080 --> 00:10:07,880
Speaker 4: you can deduct the same deductions like if you work

228
00:10:07,920 --> 00:10:10,440
Speaker 4: the regular job. Right Like now that goes against any

229
00:10:10,480 --> 00:10:12,440
Speaker 4: money that you make on that. And so I say

230
00:10:12,440 --> 00:10:15,720
Speaker 4: that to say we have to think like business people.

231
00:10:15,960 --> 00:10:18,400
Speaker 4: And you don't even have to actually be a full

232
00:10:18,440 --> 00:10:21,800
Speaker 4: time business owner. Salespeople as well, right, if you're a

233
00:10:21,840 --> 00:10:25,520
Speaker 4: ten ninety nine or if you are in some form

234
00:10:25,559 --> 00:10:27,840
Speaker 4: of sales where you can take deductions like real estate

235
00:10:27,880 --> 00:10:31,120
Speaker 4: stuff like that. Insurance you sell insurance the same thing.

236
00:10:31,480 --> 00:10:34,120
Speaker 4: So a lot of times people, you know, they have

237
00:10:34,200 --> 00:10:36,400
Speaker 4: negative views towards things because they don't they have a

238
00:10:36,440 --> 00:10:37,280
Speaker 4: lack of understanding.

239
00:10:37,280 --> 00:10:37,439
Speaker 3: There.

240
00:10:37,960 --> 00:10:40,240
Speaker 4: Once you have a lack of understanding, and like I said, now,

241
00:10:40,240 --> 00:10:42,400
Speaker 4: if you still choose to do that, then it's your

242
00:10:42,400 --> 00:10:45,079
Speaker 4: decisions free country. But a lot of times we make

243
00:10:45,120 --> 00:10:49,360
Speaker 4: decisions based out of ignorance not knowledge, right, So exactly, so,

244
00:10:49,360 --> 00:10:50,480
Speaker 4: one of the things I want to ask you was

245
00:10:50,520 --> 00:10:54,319
Speaker 4: you said MSRP versus price, right, what's the what's the

246
00:10:54,360 --> 00:10:55,480
Speaker 4: difference selling price?

247
00:10:55,480 --> 00:10:55,760
Speaker 3: All right?

248
00:10:55,760 --> 00:10:57,920
Speaker 5: So yeah, so you have MSRP, right, that's what's on

249
00:10:57,920 --> 00:11:00,720
Speaker 5: the windows sticker. Right, So the manufacturers sugg just the

250
00:11:00,760 --> 00:11:03,680
Speaker 5: retail price of the vehicle. That's MSRPA. Manufacturer suggests the

251
00:11:03,720 --> 00:11:06,200
Speaker 5: retail price. That's what they recommend you should be selling

252
00:11:06,240 --> 00:11:09,040
Speaker 5: that car for. Now. The selling price is what you negotiate,

253
00:11:09,200 --> 00:11:12,320
Speaker 5: right or whatever. However you can reduce the selling price

254
00:11:12,320 --> 00:11:13,640
Speaker 5: of the vehicle. That's what that comes down to.

255
00:11:14,360 --> 00:11:15,600
Speaker 6: Is that the same thing as the cap cost.

256
00:11:15,920 --> 00:11:18,400
Speaker 5: So no cap cost. Let's say you're leasing or your

257
00:11:18,400 --> 00:11:21,320
Speaker 5: finance in the vehicle. The final cap cost is the

258
00:11:21,440 --> 00:11:24,679
Speaker 5: selling price plus anything else. So whatever money the bank

259
00:11:24,800 --> 00:11:26,959
Speaker 5: is lending you, whether it's a lease or finance, they're

260
00:11:27,000 --> 00:11:28,960
Speaker 5: still lending a certain amount of money. So let's send

261
00:11:28,960 --> 00:11:31,280
Speaker 5: a lease. If you rolled your taxes into your payment,

262
00:11:31,640 --> 00:11:33,240
Speaker 5: that's going to add to your cap cost. If you

263
00:11:33,280 --> 00:11:36,240
Speaker 5: negotiated a fifty thousand dollars selling price and then you

264
00:11:36,360 --> 00:11:38,240
Speaker 5: rolled your taxes of two thousand dollars into the lease,

265
00:11:38,280 --> 00:11:39,880
Speaker 5: that's fifty two thousand dollars cap cost.

266
00:11:40,480 --> 00:11:41,599
Speaker 6: And is that negotiable.

267
00:11:42,600 --> 00:11:44,800
Speaker 5: Well, it's based on what you negotiate. As far as

268
00:11:44,800 --> 00:11:47,440
Speaker 5: you'll say you're selling price, so whatever fees you put

269
00:11:47,480 --> 00:11:49,840
Speaker 5: into it, those aren't negotiable. Those let's say taxes and

270
00:11:49,920 --> 00:11:51,120
Speaker 5: DMV fees, things like that.

271
00:11:51,320 --> 00:11:54,199
Speaker 4: So all right, we talked about okay, talk about leasing

272
00:11:54,200 --> 00:11:56,320
Speaker 4: a car, but buying car. Somebody wants to buy a car, right,

273
00:11:56,440 --> 00:11:57,720
Speaker 4: and you were saying, most of the time, if you

274
00:11:57,720 --> 00:11:59,439
Speaker 4: do want to buy a car, it makes more sense

275
00:11:59,480 --> 00:11:59,920
Speaker 4: to buy a use.

276
00:12:00,559 --> 00:12:02,240
Speaker 5: I always recommend people, if you are going to buy

277
00:12:02,280 --> 00:12:05,400
Speaker 5: a car, buy a certified pre on. Now, listen, there's

278
00:12:05,480 --> 00:12:07,200
Speaker 5: vehicles you can find out these lots that are not

279
00:12:07,679 --> 00:12:12,360
Speaker 5: authorized the same Mercedes Benz dealerships or Toyota dealership. Me personally,

280
00:12:12,440 --> 00:12:14,920
Speaker 5: I think you're better off going to You may pay

281
00:12:14,960 --> 00:12:17,120
Speaker 5: a couple of dollars more, but you're getting it from

282
00:12:17,120 --> 00:12:19,960
Speaker 5: the manufacturer, so you have the backing of manufacturers. And

283
00:12:20,000 --> 00:12:22,000
Speaker 5: just give you an idea. Most companies, when they certify

284
00:12:22,040 --> 00:12:24,200
Speaker 5: a vehicle, the vehicle goes through let's say, you know,

285
00:12:24,240 --> 00:12:26,600
Speaker 5: one hundred and fifty point one hundred and sixty point inspection.

286
00:12:27,080 --> 00:12:30,120
Speaker 5: So not only will they inspect a vehicle to make

287
00:12:30,160 --> 00:12:32,280
Speaker 5: sure that it's in a certain conditions, so they'll eliminate

288
00:12:32,320 --> 00:12:34,600
Speaker 5: things like let's say this frame damage to the car.

289
00:12:34,760 --> 00:12:37,400
Speaker 5: If the car is frame damage, doesn't qualify for a certification,

290
00:12:37,559 --> 00:12:40,120
Speaker 5: so it's eliminated. Most dealerships won't even take that car.

291
00:12:40,320 --> 00:12:42,000
Speaker 5: They'll send that car out. And that's where you'll see

292
00:12:42,120 --> 00:12:44,680
Speaker 5: the vehicles on these other side lots right and they're

293
00:12:44,720 --> 00:12:47,840
Speaker 5: selling those vehicles. So there's really no recourse when it

294
00:12:47,840 --> 00:12:49,960
Speaker 5: comes to something happened to the car. Not to mention

295
00:12:50,040 --> 00:12:52,960
Speaker 5: the factor. Once that car goes through the certification, a

296
00:12:52,960 --> 00:12:56,800
Speaker 5: lot of manufacturers will put new car interest rates on

297
00:12:56,840 --> 00:12:59,800
Speaker 5: those cars. So typically pre owned cars are used cars

298
00:12:59,800 --> 00:13:01,640
Speaker 5: will have a higher interest rate than a new car.

299
00:13:01,760 --> 00:13:03,679
Speaker 5: But if it's certified, you get a better interest rate.

300
00:13:03,720 --> 00:13:05,240
Speaker 5: So like right now, like let's say you have one

301
00:13:05,240 --> 00:13:07,280
Speaker 5: point nine nine percent, you can't get one nine nine

302
00:13:07,320 --> 00:13:09,839
Speaker 5: percent on a used car, you know, anywhere else, you

303
00:13:09,880 --> 00:13:12,640
Speaker 5: know what I mean. If the vehicle's certified, that's the

304
00:13:12,640 --> 00:13:14,920
Speaker 5: way to do it. Me personally, the vehicles, as you

305
00:13:14,960 --> 00:13:17,120
Speaker 5: guys have all heard this, people say, oh, well, the

306
00:13:17,200 --> 00:13:19,000
Speaker 5: vehicle loses value as soon as you drive it off

307
00:13:19,000 --> 00:13:21,560
Speaker 5: the lot. Now what happens is really it's once it's

308
00:13:21,600 --> 00:13:24,400
Speaker 5: registered the vehicle loses value. That's when that's when the

309
00:13:24,480 --> 00:13:26,480
Speaker 5: vehicle loses value. That's normally when you're driving off the lot.

310
00:13:26,559 --> 00:13:27,640
Speaker 3: That's when you got it brand new.

311
00:13:28,080 --> 00:13:29,800
Speaker 5: So yeah, when you're buying the car brand new, it

312
00:13:30,120 --> 00:13:32,920
Speaker 5: initially loses its value when you drive it off a

313
00:13:32,920 --> 00:13:35,160
Speaker 5: lot or the vehicle is titled. So now you're buying

314
00:13:35,160 --> 00:13:37,680
Speaker 5: a vehicle, who's going to that's gonna depreciate in value.

315
00:13:37,760 --> 00:13:39,280
Speaker 5: That's what a car does. It's going to go down

316
00:13:39,320 --> 00:13:42,040
Speaker 5: in value. So you're financing a car that's losing value.

317
00:13:42,080 --> 00:13:44,080
Speaker 5: It already took a big hit, right when you're buying

318
00:13:44,120 --> 00:13:46,640
Speaker 5: new opposed to a certified pre onn that the initial

319
00:13:46,679 --> 00:13:50,080
Speaker 5: depreciation has already happened. It's already taking place that you

320
00:13:50,120 --> 00:13:52,880
Speaker 5: knew that car was taking care of. The manufacturer, the dealership,

321
00:13:53,080 --> 00:13:55,240
Speaker 5: you know, is putting themselves behind that vehicle saying, hey,

322
00:13:55,240 --> 00:13:57,880
Speaker 5: we know this vehicle, We've inspected this vehicle, we know

323
00:13:57,920 --> 00:14:00,880
Speaker 5: this vehicle's in good shape. We're willing to even put

324
00:14:01,559 --> 00:14:03,200
Speaker 5: a new car rate on it. So you have some

325
00:14:03,240 --> 00:14:05,520
Speaker 5: more confidence when they buying that type of vehicle. Okay,

326
00:14:05,720 --> 00:14:06,040
Speaker 5: all right.

327
00:14:23,280 --> 00:14:26,960
Speaker 1: An illegal alien from Guatemala charged with raping a child

328
00:14:26,960 --> 00:14:30,760
Speaker 1: in Massachusetts. An MS thirteen gang member from al Salvador

329
00:14:31,040 --> 00:14:35,160
Speaker 1: accused of murdering a Texas man of Venezuelan charged with

330
00:14:35,240 --> 00:14:39,120
Speaker 1: filming and selling child pornography in Michigan. These are just

331
00:14:39,200 --> 00:14:43,000
Speaker 1: some of the heinous migrant criminals caught because of President

332
00:14:43,000 --> 00:14:43,440
Speaker 1: Donald J.

333
00:14:43,520 --> 00:14:44,480
Speaker 2: Trump's leadership.

334
00:14:44,760 --> 00:14:48,400
Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.

335
00:14:48,720 --> 00:14:52,480
Speaker 1: Under President Trump, attempted illegal border crossings are at the

336
00:14:52,520 --> 00:14:56,400
Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal

337
00:14:56,400 --> 00:14:57,680
Speaker 1: aliens have been arrested.

338
00:14:57,960 --> 00:14:58,960
Speaker 2: If you were here.

339
00:14:58,920 --> 00:15:02,960
Speaker 1: Illegally, your next you will be fine nearly one thousand

340
00:15:02,960 --> 00:15:07,080
Speaker 1: dollars a day, imprisoned and deported, you will never return.

341
00:15:07,400 --> 00:15:10,440
Speaker 1: But if you register using our CBP home app and

342
00:15:10,520 --> 00:15:12,800
Speaker 1: leave now, you could be allowed.

343
00:15:12,400 --> 00:15:16,000
Speaker 2: To return legally. Do what's right. Leave now.

344
00:15:16,320 --> 00:15:21,120
Speaker 1: Under President Trump, America's laws, border and families will be protected.

345
00:15:21,200 --> 00:15:23,360
Speaker 3: Sponsored by the United States Department of Homeland Security.