1 00:00:00,120 --> 00:00:02,920 Speaker 1: Welcome to How the Money. I'm Joel and I'm Matt, 2 00:00:03,000 --> 00:00:06,360 Speaker 1: and today we're discussing the best cars for frugal folks. 3 00:00:25,640 --> 00:00:28,360 Speaker 1: If you are frugal and you're looking at buying a 4 00:00:28,400 --> 00:00:31,160 Speaker 1: new car, well not brand new, but right new to you, 5 00:00:31,480 --> 00:00:34,360 Speaker 1: definitely not brand Yeah, there's some things you want to consider. Angel, 6 00:00:34,360 --> 00:00:37,760 Speaker 1: We're actually gonna give the names of some specific cars 7 00:00:37,800 --> 00:00:40,879 Speaker 1: that you should consider when you are in your car search. Yes, 8 00:00:40,920 --> 00:00:44,760 Speaker 1: specific model recommendations coming down the pike in this episode, year, 9 00:00:45,000 --> 00:00:48,360 Speaker 1: make and model. On that note, I know you love 10 00:00:48,760 --> 00:00:51,040 Speaker 1: a certain car of yours. Do you have the vehicle 11 00:00:51,120 --> 00:00:53,600 Speaker 1: that was the worst car that you ever purchased? Because 12 00:00:53,640 --> 00:00:55,840 Speaker 1: maybe you don't, because I know, yeah, you you've been 13 00:00:55,880 --> 00:00:58,320 Speaker 1: a pretty smart guy over the years. But I'm going 14 00:00:58,360 --> 00:01:01,240 Speaker 1: to share a viea call that I purchased in college 15 00:01:01,880 --> 00:01:05,360 Speaker 1: that was the worst I thought. I think it was 16 00:01:05,400 --> 00:01:09,760 Speaker 1: a nineteen two, which is an old vehicle. It was 17 00:01:09,800 --> 00:01:15,679 Speaker 1: a classic land Rover range Rover, always near the bottom 18 00:01:15,720 --> 00:01:20,240 Speaker 1: of the list on the reliability ratings, terribly unreliable. But man, 19 00:01:20,280 --> 00:01:23,280 Speaker 1: I gotta say that car was so much freaking fun 20 00:01:23,600 --> 00:01:26,080 Speaker 1: while I had it. It costs so much money to 21 00:01:26,160 --> 00:01:29,360 Speaker 1: maintain it got terrible gas mileage, and it wasn't like 22 00:01:29,400 --> 00:01:33,080 Speaker 1: this classic car right that maybe appreciated something or like 23 00:01:33,120 --> 00:01:35,600 Speaker 1: held its value. I mean I ended up selling that 24 00:01:35,640 --> 00:01:38,840 Speaker 1: thing at a pretty big loss after having also put 25 00:01:38,880 --> 00:01:40,959 Speaker 1: a ton of money into it just to maintain it. 26 00:01:41,080 --> 00:01:45,440 Speaker 1: So yeah, big car fail right there for me? All right. 27 00:01:45,480 --> 00:01:49,640 Speaker 1: So this episode is dedicated to former Matt and trying 28 00:01:49,680 --> 00:01:52,640 Speaker 1: to trying to help people in that same situation. Don't 29 00:01:52,640 --> 00:01:54,960 Speaker 1: be like me. Yeah, find a car that is actually 30 00:01:54,960 --> 00:01:56,800 Speaker 1: good for them. All right? So did that buy you 31 00:01:56,920 --> 00:01:59,840 Speaker 1: enough time to think of your least favorite vehicle? Yes, 32 00:02:00,000 --> 00:02:01,680 Speaker 1: it certainly did. And I hate to say that this 33 00:02:01,720 --> 00:02:04,840 Speaker 1: is fine least servite car because I like that style 34 00:02:04,960 --> 00:02:07,600 Speaker 1: car so much. It was a super outback. No way, 35 00:02:07,800 --> 00:02:09,560 Speaker 1: I was thinking, were you actually going to mention the 36 00:02:09,600 --> 00:02:12,440 Speaker 1: super It was the engine completely died on it, that 37 00:02:12,600 --> 00:02:14,760 Speaker 1: it had an engine problem. Oh no way, I don't 38 00:02:14,800 --> 00:02:17,840 Speaker 1: remember that. Yeah. So that that sucked. It left us 39 00:02:17,840 --> 00:02:19,919 Speaker 1: in the lurch, and it costs a whole ton of 40 00:02:20,000 --> 00:02:22,320 Speaker 1: money to fix it, so we can actually just sell 41 00:02:22,360 --> 00:02:25,520 Speaker 1: it and unloaded down with it. And uh yeah, man, 42 00:02:25,680 --> 00:02:27,560 Speaker 1: that one sticks out in my head as being the 43 00:02:27,680 --> 00:02:30,720 Speaker 1: worst car that we ever bought. Although I like outbacks 44 00:02:30,880 --> 00:02:33,760 Speaker 1: and they're typically really good cars, but this one just wasn't. 45 00:02:34,040 --> 00:02:35,760 Speaker 1: And I had completely forgotten about that. You said the 46 00:02:35,840 --> 00:02:37,760 Speaker 1: engine crept out, So I mean, did it like blow 47 00:02:38,040 --> 00:02:40,679 Speaker 1: the like a head gasket? Was that it? Really? That 48 00:02:40,800 --> 00:02:43,440 Speaker 1: was it? That was it? Bummer man? Like, Yeah, that 49 00:02:43,560 --> 00:02:47,200 Speaker 1: can totally total a vehicle. So that's something you certainly 50 00:02:47,200 --> 00:02:50,680 Speaker 1: want to avoid if you can, if you can, right, 51 00:02:51,000 --> 00:02:53,160 Speaker 1: all right, real quick, I wanted to to mention that 52 00:02:53,720 --> 00:02:56,360 Speaker 1: my work we just had a family day recently at 53 00:02:56,400 --> 00:02:58,480 Speaker 1: Stone Mountain Park, which is kind of right around the 54 00:02:58,520 --> 00:03:00,760 Speaker 1: corner from where we are. It's just really cool spot 55 00:03:00,960 --> 00:03:03,200 Speaker 1: and every time my work is throwing a family day, 56 00:03:03,240 --> 00:03:05,079 Speaker 1: we just had a really really good time there. So 57 00:03:05,280 --> 00:03:07,600 Speaker 1: is family day exactly what it sounds like. You go 58 00:03:07,680 --> 00:03:10,520 Speaker 1: there with your family exactly, and it's free and typically 59 00:03:10,800 --> 00:03:12,440 Speaker 1: you know, there's all these activities there that you can 60 00:03:12,480 --> 00:03:15,200 Speaker 1: participate in that but you get to do them all 61 00:03:15,240 --> 00:03:17,800 Speaker 1: for free because it's sponsored by your work. Free ice cream, 62 00:03:18,440 --> 00:03:21,679 Speaker 1: uh no, hamburgers though, Free hamburgers. Yeah, man, I'm there. Yeah, 63 00:03:21,760 --> 00:03:23,760 Speaker 1: I know it was nice if I was invited, but 64 00:03:23,840 --> 00:03:26,400 Speaker 1: I don't work for your company. So but so they 65 00:03:26,480 --> 00:03:28,960 Speaker 1: have this ropes course, and I talked by five year 66 00:03:29,000 --> 00:03:31,280 Speaker 1: old into doing it with me, and it was really fun. 67 00:03:31,360 --> 00:03:33,839 Speaker 1: I was actually kind of surprised that she said yes. 68 00:03:34,160 --> 00:03:35,640 Speaker 1: But then when she got up there, this is one 69 00:03:35,640 --> 00:03:37,080 Speaker 1: of the one of those ones that that's way up 70 00:03:37,080 --> 00:03:40,600 Speaker 1: there off the ground. This is off the ground, that's 71 00:03:40,600 --> 00:03:44,080 Speaker 1: still really high. Man. Yeah, And she was blitzing past 72 00:03:44,240 --> 00:03:46,040 Speaker 1: nine and ten year old boys who were kind of 73 00:03:46,120 --> 00:03:47,960 Speaker 1: quaking in their boots. And I was so proud of her. 74 00:03:48,440 --> 00:03:50,560 Speaker 1: And I think the thing that helped her the most 75 00:03:51,080 --> 00:03:53,480 Speaker 1: is she's actually kind of throughout her life been a 76 00:03:53,520 --> 00:03:55,680 Speaker 1: little more fearful as a kid. So I'm trying to 77 00:03:55,960 --> 00:03:58,120 Speaker 1: find ways to help her grow and to be a 78 00:03:58,160 --> 00:04:00,760 Speaker 1: little bit less fearful of take not a new activity. 79 00:04:00,800 --> 00:04:02,400 Speaker 1: And I was just like, man, so impressed with her 80 00:04:02,440 --> 00:04:04,200 Speaker 1: taking that on. And I think part of the reason 81 00:04:04,240 --> 00:04:07,320 Speaker 1: that she's gotten a little braver is that she's begun 82 00:04:07,440 --> 00:04:10,000 Speaker 1: to be able to to self talk and to tell 83 00:04:10,040 --> 00:04:13,720 Speaker 1: herself things that are true, as opposed to letting that 84 00:04:13,840 --> 00:04:16,400 Speaker 1: fear overcome her. And so the whole time on the 85 00:04:16,480 --> 00:04:18,160 Speaker 1: rope's course, you know, I'm there with her and I'm 86 00:04:18,240 --> 00:04:21,320 Speaker 1: encouraging her, and then she is saying things like it's 87 00:04:21,360 --> 00:04:22,840 Speaker 1: not that bad, I can do this one foot in 88 00:04:22,880 --> 00:04:24,760 Speaker 1: front of the other, and she's just saying these kind 89 00:04:24,800 --> 00:04:26,760 Speaker 1: of things over and over to herself, and it was 90 00:04:26,800 --> 00:04:28,960 Speaker 1: just impressive to watch, and it just made me think 91 00:04:29,120 --> 00:04:33,559 Speaker 1: that this ability to say what's true about ourselves about 92 00:04:33,560 --> 00:04:35,880 Speaker 1: our financial situation when it comes to money, that we 93 00:04:36,000 --> 00:04:38,600 Speaker 1: have this ability to kind of change the narrative, and 94 00:04:38,680 --> 00:04:41,800 Speaker 1: the narrative sometimes is what we get stuck in and 95 00:04:41,920 --> 00:04:43,920 Speaker 1: we just have to, like on the rope's course, put 96 00:04:44,040 --> 00:04:46,800 Speaker 1: one foot in front of the other because you're not 97 00:04:46,839 --> 00:04:49,120 Speaker 1: gonna leap it in one single bound, right, And I 98 00:04:49,160 --> 00:04:51,520 Speaker 1: think that's what most people want or expect or hope 99 00:04:51,560 --> 00:04:54,160 Speaker 1: for their finances, and and that's just not how it works. 100 00:04:54,200 --> 00:04:56,880 Speaker 1: There's no silver bullet. And so that ability to kind 101 00:04:56,880 --> 00:05:00,520 Speaker 1: of reinforce what's true verbally and mentally for yourself can 102 00:05:00,600 --> 00:05:04,160 Speaker 1: be just a major boon to how you actually begin 103 00:05:04,240 --> 00:05:08,280 Speaker 1: then to tackle the specifics of whatever financial endeavor you 104 00:05:08,400 --> 00:05:11,280 Speaker 1: want to undertake. Yeah, one step in front of the other, 105 00:05:11,440 --> 00:05:13,840 Speaker 1: Like just those small financial wins are all that it 106 00:05:13,880 --> 00:05:15,440 Speaker 1: takes to kind of get you from from point A 107 00:05:15,560 --> 00:05:18,159 Speaker 1: to point B. So yeah, that's awesome, man, thanks for Sharon. Yeah, 108 00:05:18,200 --> 00:05:20,920 Speaker 1: that was super cool, man, Selma. I was just so 109 00:05:21,080 --> 00:05:22,760 Speaker 1: proud of her, like beaming the rest of the day. 110 00:05:22,800 --> 00:05:24,640 Speaker 1: It was such a fun experience. All right, Joe, let 111 00:05:24,680 --> 00:05:26,800 Speaker 1: me go ahead and introduce our beer that we're gonna 112 00:05:26,839 --> 00:05:29,920 Speaker 1: have on this episode. Uh. This is another beer sent 113 00:05:30,000 --> 00:05:34,320 Speaker 1: to us, uh by Adam up there in Philadelphia. Uh so, 114 00:05:34,440 --> 00:05:37,120 Speaker 1: thank you Adam. But he sent us two beers. We 115 00:05:37,240 --> 00:05:40,240 Speaker 1: had the first one on our Monday's episode and on 116 00:05:40,320 --> 00:05:43,440 Speaker 1: this episode we were having bitter. It's called that's just what, 117 00:05:43,520 --> 00:05:47,880 Speaker 1: it's called, bitter. This is my form from entry and Blendery. Yeah, 118 00:05:47,960 --> 00:05:50,240 Speaker 1: we really enjoyed the beer that we had on Monday's episode. 119 00:05:50,360 --> 00:05:52,680 Speaker 1: Looking forward to checking this one out as well. And 120 00:05:53,040 --> 00:05:55,400 Speaker 1: it's a style of beer that we've never had on 121 00:05:55,480 --> 00:05:56,880 Speaker 1: the show, and I don't know if I've ever had 122 00:05:56,880 --> 00:05:59,040 Speaker 1: in my life, so this should be interesting. Just a 123 00:05:59,320 --> 00:06:01,600 Speaker 1: spice beer. So I'm not exactly sure what that means, 124 00:06:01,720 --> 00:06:03,520 Speaker 1: but you know, I do know that most of the 125 00:06:03,560 --> 00:06:05,000 Speaker 1: beers that they have, they're all I mean, they're all 126 00:06:05,000 --> 00:06:08,400 Speaker 1: blended together, and they have this barrel aging program and 127 00:06:08,560 --> 00:06:10,720 Speaker 1: they source their barrels from all over the world and 128 00:06:11,160 --> 00:06:13,520 Speaker 1: they use live cultures. So it's this very sort of 129 00:06:13,760 --> 00:06:17,200 Speaker 1: like artistic way of brewing beer. Um, you really need 130 00:06:17,279 --> 00:06:20,760 Speaker 1: to know your stuff because you're not using precisely measured 131 00:06:20,800 --> 00:06:23,000 Speaker 1: amounts of yeats and things like that. It's it's very 132 00:06:23,240 --> 00:06:26,720 Speaker 1: wild and kind of artistic. So uh yeah, looking forward 133 00:06:26,760 --> 00:06:28,560 Speaker 1: to enjoying this one with you. Man. While we talk 134 00:06:28,600 --> 00:06:33,479 Speaker 1: about cars. Let's talk about cars, Matthew. Okay, people tend 135 00:06:33,560 --> 00:06:36,120 Speaker 1: to I don't want to over generalize. Lots of people 136 00:06:36,200 --> 00:06:40,280 Speaker 1: tend to drive stupid cars. And some cars just cost 137 00:06:40,440 --> 00:06:44,280 Speaker 1: way more to run than others, like the raintrover you 138 00:06:44,360 --> 00:06:47,239 Speaker 1: mentioned earlier. Yeah, that thing was the worst. It costs 139 00:06:47,240 --> 00:06:49,080 Speaker 1: you a lot more than a lot of other cars 140 00:06:49,200 --> 00:06:51,800 Speaker 1: would have. And if you're a car nut, then maybe 141 00:06:51,800 --> 00:06:54,559 Speaker 1: you should prioritize driving a car that you love, putting 142 00:06:54,600 --> 00:06:57,360 Speaker 1: that into your budget. Make sure that's only after you 143 00:06:57,640 --> 00:06:59,800 Speaker 1: have a lot of a certain amount for saving and investing. 144 00:07:00,160 --> 00:07:02,200 Speaker 1: But if cars to you, like they are to me, 145 00:07:02,800 --> 00:07:04,640 Speaker 1: just the means to help you get from point A 146 00:07:04,680 --> 00:07:07,120 Speaker 1: to point B, you should really consider what you're driving. 147 00:07:07,120 --> 00:07:09,160 Speaker 1: And that's why we're tackling this topic today, and we 148 00:07:09,360 --> 00:07:12,280 Speaker 1: want to recommend specific models for you to consider that 149 00:07:12,320 --> 00:07:14,680 Speaker 1: are kind of that sweet spot for you know, price 150 00:07:14,720 --> 00:07:17,720 Speaker 1: and reliability. That's right, Joel. And you know the reason 151 00:07:18,040 --> 00:07:20,400 Speaker 1: that we're talking about cars because this is sort of 152 00:07:20,480 --> 00:07:24,200 Speaker 1: a specific thing. But I mean, aside from housing, Americans 153 00:07:24,400 --> 00:07:28,000 Speaker 1: spend more money on transportation like cars, right than any 154 00:07:28,120 --> 00:07:32,840 Speaker 1: other category, accounting for fourteen percent of the average budget. 155 00:07:33,160 --> 00:07:35,320 Speaker 1: So what that means is that we're spending about nine 156 00:07:35,400 --> 00:07:38,920 Speaker 1: thousand dollars annually, like around seven fifty bucks a month, 157 00:07:39,160 --> 00:07:42,920 Speaker 1: and that's according to the US Consumer Expenditure Survey that 158 00:07:43,000 --> 00:07:46,120 Speaker 1: comes out every year. It's fancy. And Joel, we've mentioned 159 00:07:46,120 --> 00:07:48,480 Speaker 1: the rule of one seventy three before right where you 160 00:07:48,560 --> 00:07:51,360 Speaker 1: take a monthly expense and instead, if you were to 161 00:07:51,480 --> 00:07:54,320 Speaker 1: invest that, you get basically what you would have if 162 00:07:54,360 --> 00:07:57,040 Speaker 1: that was invested in the stock market. So somehow you're 163 00:07:57,080 --> 00:07:59,960 Speaker 1: able to take that seven fifty bucks that you spend 164 00:08:00,000 --> 00:08:03,920 Speaker 1: towards transportation every month and instead invest that. In ten years, 165 00:08:04,080 --> 00:08:08,040 Speaker 1: you're gonna have a hundred and thirty thousand dollars, which 166 00:08:08,160 --> 00:08:11,880 Speaker 1: is awesome. That's a huge amount of money, not chump change. Yeah, 167 00:08:11,920 --> 00:08:14,320 Speaker 1: and most folks, you know, you can't cut that completely. 168 00:08:14,680 --> 00:08:16,360 Speaker 1: But you know, we're gonna talk through this and try 169 00:08:16,400 --> 00:08:19,160 Speaker 1: to reduce the amount that we spend every month. All right, 170 00:08:19,200 --> 00:08:21,120 Speaker 1: so let's first talk about the criteria that you want 171 00:08:21,120 --> 00:08:23,600 Speaker 1: to consider. That will kind of be our funnel that 172 00:08:23,840 --> 00:08:26,600 Speaker 1: allows us to see what cars are actually good byes 173 00:08:26,800 --> 00:08:29,400 Speaker 1: versus bad buys. And we're really going to look at 174 00:08:29,480 --> 00:08:32,120 Speaker 1: actually the total cost of ownership of a vehicle. It's 175 00:08:32,160 --> 00:08:34,839 Speaker 1: really easy to look at the sticker price, but in 176 00:08:34,920 --> 00:08:37,599 Speaker 1: a similar fashion, Matt to the secondary cost episode that 177 00:08:37,640 --> 00:08:39,640 Speaker 1: we talked about, Well, certain cars are going to have 178 00:08:39,840 --> 00:08:42,920 Speaker 1: higher operating costs than others, and so it's not necessarily 179 00:08:43,160 --> 00:08:45,319 Speaker 1: what you pay for the car upfront. It is what 180 00:08:45,360 --> 00:08:48,120 Speaker 1: you're gonna pay for the car over the life of ownership. 181 00:08:48,440 --> 00:08:50,400 Speaker 1: And so we call that total cost of ownership, and 182 00:08:50,520 --> 00:08:52,800 Speaker 1: that is what we are going to want to specifically 183 00:08:52,840 --> 00:08:55,640 Speaker 1: consider when it comes to the cost jole of the 184 00:08:55,760 --> 00:08:59,160 Speaker 1: actual vehicle, the actual car. An ideal price range that 185 00:08:59,240 --> 00:09:00,800 Speaker 1: we you know, that we've feel that you can get 186 00:09:00,920 --> 00:09:04,320 Speaker 1: a great car is between five and ten thousand dollars. 187 00:09:04,720 --> 00:09:07,520 Speaker 1: And again we're saying five and ten thousand dollars because 188 00:09:07,760 --> 00:09:09,199 Speaker 1: that's how much you should be paying for it in 189 00:09:09,360 --> 00:09:12,679 Speaker 1: cash upfront. You do not want to be a payment buyer. 190 00:09:12,920 --> 00:09:14,559 Speaker 1: Don't look at what you can afford and what you 191 00:09:14,600 --> 00:09:16,600 Speaker 1: can kind of squeeze in your budget every single month. 192 00:09:16,920 --> 00:09:18,679 Speaker 1: That range is going to allow most folks to get 193 00:09:18,760 --> 00:09:23,920 Speaker 1: a fantastic vehicle without spending too much on a depreciating asset. Yeah, 194 00:09:24,000 --> 00:09:27,840 Speaker 1: depreciation for most people is the number one cost of ownership. 195 00:09:28,120 --> 00:09:31,000 Speaker 1: We think about all these other costs associated with buying 196 00:09:31,040 --> 00:09:33,719 Speaker 1: and owning and maintaining a car, but really it's a 197 00:09:33,800 --> 00:09:37,240 Speaker 1: depreciation that is the biggest hit to your finances. And 198 00:09:37,320 --> 00:09:39,800 Speaker 1: so if you can find a car that is five 199 00:09:39,880 --> 00:09:43,480 Speaker 1: years seven years old, it's gently used at what most 200 00:09:43,600 --> 00:09:46,640 Speaker 1: of the depreciation has already occurred, Well, that then is 201 00:09:46,679 --> 00:09:48,679 Speaker 1: a smart buy. And that's why we always say to 202 00:09:48,760 --> 00:09:51,679 Speaker 1: buy us right because the first five years, even that 203 00:09:51,880 --> 00:09:54,439 Speaker 1: right there will take the majority of the depreciation. The 204 00:09:54,559 --> 00:09:56,920 Speaker 1: first year that you have a brain new vehicle, that's 205 00:09:57,040 --> 00:10:00,679 Speaker 1: about of the depreciation happens within that first year. So 206 00:10:00,760 --> 00:10:03,760 Speaker 1: it's hard for us to overstate the importance of not 207 00:10:04,040 --> 00:10:06,360 Speaker 1: buying a brand new vehicle. All right, So let's talk 208 00:10:06,360 --> 00:10:09,800 Speaker 1: about reliability as well. We're specifically going to recommend cars 209 00:10:10,000 --> 00:10:12,800 Speaker 1: that have a great history of reliability. They're not the 210 00:10:13,040 --> 00:10:15,520 Speaker 1: dirt cheapest cars out there. We're gonna recommend cars that 211 00:10:15,559 --> 00:10:18,080 Speaker 1: you can get inexpensively, but also ones that rate well 212 00:10:18,200 --> 00:10:21,319 Speaker 1: over time in regards to how they hold up. Consumer 213 00:10:21,360 --> 00:10:24,000 Speaker 1: reports and JD Power in particular have ratings that help 214 00:10:24,040 --> 00:10:28,520 Speaker 1: you determine brand and model reliability. But in particular, when 215 00:10:28,559 --> 00:10:30,839 Speaker 1: you're buying a used vehicle, you're going to want to 216 00:10:30,880 --> 00:10:34,880 Speaker 1: have that individual car inspected by a mechanic that you 217 00:10:35,000 --> 00:10:38,640 Speaker 1: pick in order to determine its specific issues. And that's 218 00:10:38,640 --> 00:10:41,040 Speaker 1: the step that we would suggest you do not bypass, 219 00:10:41,360 --> 00:10:44,520 Speaker 1: because you might find out that that specific car has 220 00:10:44,720 --> 00:10:46,640 Speaker 1: been in a flood zone and it's gonna have major 221 00:10:46,720 --> 00:10:49,840 Speaker 1: issues because of that, or is already having engine issues 222 00:10:49,960 --> 00:10:52,280 Speaker 1: that you didn't know about. If you're not a car expert, 223 00:10:52,520 --> 00:10:55,120 Speaker 1: it's really really important that you have your car checked 224 00:10:55,120 --> 00:10:57,600 Speaker 1: out by a mechanic before you purchase it to make 225 00:10:57,679 --> 00:11:00,240 Speaker 1: sure that you aren't buying something that is going to 226 00:11:00,320 --> 00:11:02,720 Speaker 1: give you headaches for years to come. That's right, Joel, 227 00:11:02,800 --> 00:11:04,880 Speaker 1: And you know you mentioned consumer reports and like the 228 00:11:05,000 --> 00:11:08,520 Speaker 1: JD powers, UH surveys and rankings, I think it's worth 229 00:11:08,600 --> 00:11:10,720 Speaker 1: mentioning as well. It's and not put too much weight 230 00:11:10,800 --> 00:11:13,520 Speaker 1: onto some of those rankings because if you look, you know, 231 00:11:13,600 --> 00:11:15,680 Speaker 1: and I look because I was curious as to what's 232 00:11:15,720 --> 00:11:17,520 Speaker 1: the most dependable car right now, Like what's the most 233 00:11:17,559 --> 00:11:21,240 Speaker 1: reliable vehicle that's five years old? And so I look back, Okay, 234 00:11:21,280 --> 00:11:25,119 Speaker 1: it's right now. I look back, and the most reliable 235 00:11:25,360 --> 00:11:29,199 Speaker 1: vehicle is Alexis and second behind that is Mercedes, right, 236 00:11:29,480 --> 00:11:32,839 Speaker 1: And so certainly these are reliable, solid vehicles. But at 237 00:11:32,880 --> 00:11:35,120 Speaker 1: the same time, you have to take into account the price. 238 00:11:35,360 --> 00:11:37,280 Speaker 1: You have to find that balance in that middle ground 239 00:11:37,320 --> 00:11:39,480 Speaker 1: between you know, what is going to be seen and 240 00:11:39,640 --> 00:11:42,880 Speaker 1: called the most reliable or the most dependable vehicle. You 241 00:11:42,960 --> 00:11:45,480 Speaker 1: have to take your budget into account. And let's quickly 242 00:11:45,559 --> 00:11:48,920 Speaker 1: mention fuel efficiency and how much weight should be placed 243 00:11:48,960 --> 00:11:52,320 Speaker 1: on that, and that's completely dependent on how much you drive. 244 00:11:52,720 --> 00:11:55,280 Speaker 1: But there is a huge tendency for people to put 245 00:11:55,320 --> 00:11:58,280 Speaker 1: a premium on fuel economy when they're looking at a vehicle, 246 00:11:58,679 --> 00:12:00,480 Speaker 1: or to just not think about it all together. And 247 00:12:00,520 --> 00:12:02,640 Speaker 1: there's probably a sweet spot there too, right where you 248 00:12:02,720 --> 00:12:05,120 Speaker 1: want to consider it, but you should also shouldn't wait 249 00:12:05,200 --> 00:12:07,600 Speaker 1: it too heavily in how you decide which car you're 250 00:12:07,600 --> 00:12:11,000 Speaker 1: gonna get, because typically we overestimate how much we pay 251 00:12:11,080 --> 00:12:13,600 Speaker 1: in gas and like we mentioned, there are a lot 252 00:12:13,640 --> 00:12:17,240 Speaker 1: of other factors, specifically depreciation that factor in way more 253 00:12:17,320 --> 00:12:20,199 Speaker 1: than just your monthly cost of gas. Yeah, Juel, I 254 00:12:20,280 --> 00:12:23,320 Speaker 1: know in our case, like we hardly ever drive anywhere. 255 00:12:23,360 --> 00:12:26,040 Speaker 1: Like we try to keep our life pretty uh location 256 00:12:26,160 --> 00:12:30,160 Speaker 1: specific around where we live. Two places into restaurants and 257 00:12:30,480 --> 00:12:32,640 Speaker 1: bars and places like that that we can either walk 258 00:12:32,679 --> 00:12:34,800 Speaker 1: to or at our bikes too. And so I think 259 00:12:34,880 --> 00:12:37,120 Speaker 1: for us and you guys as well, you guys don't 260 00:12:37,200 --> 00:12:40,079 Speaker 1: drive all that often either, but man, gas mileage for 261 00:12:40,200 --> 00:12:43,040 Speaker 1: us is not a big consideration at all, and real 262 00:12:43,120 --> 00:12:44,959 Speaker 1: quickly as I mean, we're talking about different criteria to 263 00:12:45,000 --> 00:12:47,920 Speaker 1: take into account. A part of why a vehicle that's 264 00:12:47,920 --> 00:12:50,760 Speaker 1: at least five years old is more affordable isn't only 265 00:12:50,800 --> 00:12:52,480 Speaker 1: because you paid cash and you've got a great deal 266 00:12:52,559 --> 00:12:55,360 Speaker 1: on an affordable vehicle, And it's not necessarily only because 267 00:12:55,840 --> 00:12:58,240 Speaker 1: it's fuel efficient, but it's because you're spending a lot 268 00:12:58,360 --> 00:13:01,120 Speaker 1: less in insurance as well. If you purchased a vehicle 269 00:13:01,200 --> 00:13:03,520 Speaker 1: that's five years old at least or older, it's gonna 270 00:13:03,559 --> 00:13:06,840 Speaker 1: cost less to ensure. And again, if you've paid cash, 271 00:13:07,440 --> 00:13:09,000 Speaker 1: you don't have a loan on that vehicle, so you're 272 00:13:09,040 --> 00:13:11,520 Speaker 1: not required to have collision, you're not required to have 273 00:13:12,080 --> 00:13:15,280 Speaker 1: comprehensive and so those are also ways that you can 274 00:13:15,400 --> 00:13:18,840 Speaker 1: save massive amounts of money every single month by owning 275 00:13:18,960 --> 00:13:21,839 Speaker 1: an older vehicle. And Matt, you know, I'm partial to 276 00:13:22,000 --> 00:13:24,640 Speaker 1: electric cars, and I just read an article about how 277 00:13:24,800 --> 00:13:28,559 Speaker 1: a Tesla Model three he's actually cheaper to own and 278 00:13:28,679 --> 00:13:31,240 Speaker 1: run than a Toyota Camera. So I don't know if 279 00:13:31,240 --> 00:13:33,599 Speaker 1: I believe that article. Okay, well let's talk about that 280 00:13:33,720 --> 00:13:45,400 Speaker 1: right after the break al Rjel. Let's talk about electric cars. 281 00:13:45,520 --> 00:13:48,000 Speaker 1: Like you mentioned, I know, electric cars are getting more 282 00:13:48,120 --> 00:13:51,559 Speaker 1: and more affordable. The technology is getting better. So what 283 00:13:51,679 --> 00:13:54,200 Speaker 1: that means is that the batteries basically are lasting longer, 284 00:13:54,320 --> 00:13:57,880 Speaker 1: and so there's less uh ranging anxiety. Is that what 285 00:13:57,960 --> 00:14:01,319 Speaker 1: it's called. That's what many true vehicle owners face, and 286 00:14:01,400 --> 00:14:03,760 Speaker 1: particularly you're afraid basically that you're going to run out 287 00:14:03,800 --> 00:14:06,360 Speaker 1: of electric juice to get you where you need to go. Yeah, 288 00:14:06,400 --> 00:14:08,559 Speaker 1: and so the car that I drive is an older 289 00:14:08,640 --> 00:14:12,880 Speaker 1: Nissan Leaf and so those definitely have a much shorter 290 00:14:13,320 --> 00:14:16,160 Speaker 1: range than a lot of the newer electric vehicles like 291 00:14:16,320 --> 00:14:18,760 Speaker 1: the brand new Tesla. Yeah, I literally have a third 292 00:14:18,840 --> 00:14:21,400 Speaker 1: of the range of what the newer electric vehicles have, 293 00:14:21,880 --> 00:14:23,600 Speaker 1: and so we'll talk about Nissan Leaves in a second, 294 00:14:23,680 --> 00:14:26,600 Speaker 1: but first the Tesla and that market Watch articles, right, Yeah, 295 00:14:26,600 --> 00:14:28,760 Speaker 1: you're talking about how it's like equivalent to a camera, 296 00:14:29,000 --> 00:14:31,400 Speaker 1: So we wouldn't recommend you by either, because they're comparing 297 00:14:31,480 --> 00:14:34,520 Speaker 1: brand new cars, and even used Tesla's are are still 298 00:14:34,600 --> 00:14:37,640 Speaker 1: pretty expensive comparatively. But what market Watch I think was 299 00:14:37,720 --> 00:14:40,280 Speaker 1: trying to get at was that the total cost of ownership, 300 00:14:40,480 --> 00:14:43,040 Speaker 1: because of the fact that the Tesla doesn't appreciate nearly 301 00:14:43,080 --> 00:14:46,240 Speaker 1: as much as a standard gas engine car like a 302 00:14:46,280 --> 00:14:49,120 Speaker 1: Toyoto camera, there in higher demands. So even though you've 303 00:14:49,120 --> 00:14:51,800 Speaker 1: paid more the sticker price is higher, you're actually you're 304 00:14:51,800 --> 00:14:54,680 Speaker 1: going to spend less over the three years of ownership 305 00:14:54,720 --> 00:14:56,920 Speaker 1: that they compared, because it's just not gonna go down 306 00:14:57,000 --> 00:14:59,120 Speaker 1: and value at nearly the same rate, not to mention 307 00:14:59,160 --> 00:15:01,680 Speaker 1: the fact that true vehicles are just much cheaper to 308 00:15:01,760 --> 00:15:04,360 Speaker 1: run at the same time. Yeah, they showed that basically 309 00:15:04,520 --> 00:15:07,240 Speaker 1: the Tesla was able to maintain a massive amount of 310 00:15:07,280 --> 00:15:10,280 Speaker 1: its value three years later. And I didn't even realize 311 00:15:10,320 --> 00:15:12,760 Speaker 1: that the Tesla three had even been out that long, 312 00:15:12,880 --> 00:15:15,360 Speaker 1: but I guess it has, and so I guess my 313 00:15:15,480 --> 00:15:18,280 Speaker 1: beef with that though, Joel, is that Toyota Camera or 314 00:15:18,440 --> 00:15:20,520 Speaker 1: you know, Corolla has always been like it's like the 315 00:15:20,560 --> 00:15:24,240 Speaker 1: holy grail of affordable vehicles that last forever to take 316 00:15:24,280 --> 00:15:26,400 Speaker 1: care of it. It's gonna, you know, cost you nothing 317 00:15:26,480 --> 00:15:29,240 Speaker 1: to run down the road. It just seems odd that 318 00:15:29,400 --> 00:15:32,120 Speaker 1: you can you can have an electric luxury vehicle and that, 319 00:15:32,240 --> 00:15:33,840 Speaker 1: I mean, that's what it is, right, Like, you can't 320 00:15:33,920 --> 00:15:36,800 Speaker 1: argue the fact that the Tesla, any Tesla, right is 321 00:15:36,880 --> 00:15:40,160 Speaker 1: not a luxury vehicle. It's it's fancy, it's high tech, 322 00:15:40,240 --> 00:15:42,000 Speaker 1: it's got all this stuff in it. I just I 323 00:15:42,000 --> 00:15:43,920 Speaker 1: guess it's hard for me to wrap my mind around 324 00:15:43,960 --> 00:15:46,680 Speaker 1: the fact that how could that vehicle actually cost less 325 00:15:46,960 --> 00:15:50,880 Speaker 1: total cost of ownership down the road as the basic Toyota. 326 00:15:51,280 --> 00:15:53,040 Speaker 1: And I don't know that the numbers have to prove 327 00:15:53,120 --> 00:15:55,120 Speaker 1: that out. The Testla that's only been around for a 328 00:15:55,160 --> 00:15:58,720 Speaker 1: few years, but the Toyota it's burned around for for decades. Yeah, 329 00:15:58,720 --> 00:16:01,520 Speaker 1: And I don't think Tesla's are going to maintain the 330 00:16:01,680 --> 00:16:04,920 Speaker 1: same lack of depreciation that they've been able to because 331 00:16:05,000 --> 00:16:06,920 Speaker 1: the market is just getting more competitive in the e 332 00:16:07,040 --> 00:16:08,920 Speaker 1: V space. But it's just kind of food for thought 333 00:16:09,120 --> 00:16:11,280 Speaker 1: to make you think before you jump in and make 334 00:16:11,320 --> 00:16:14,360 Speaker 1: a purchase. And I found that article compelling at least 335 00:16:14,400 --> 00:16:16,360 Speaker 1: in that way. But let's say, when it comes to 336 00:16:16,440 --> 00:16:19,000 Speaker 1: E vs. The one that I would say people should 337 00:16:19,120 --> 00:16:22,760 Speaker 1: consider specifically is and only if it fits your lifestyle, 338 00:16:23,040 --> 00:16:25,040 Speaker 1: an older Nissan Leaf kind of like I drive. If 339 00:16:25,080 --> 00:16:27,240 Speaker 1: you can get a Nissan Leaf that's four or five, 340 00:16:27,400 --> 00:16:30,320 Speaker 1: six years old something like that, they have actually depreciated 341 00:16:30,560 --> 00:16:33,320 Speaker 1: in massive fashion. And that's because they have a massive 342 00:16:33,400 --> 00:16:35,880 Speaker 1: disadvantage when it comes to their range. But for me, 343 00:16:36,240 --> 00:16:39,920 Speaker 1: the Nissan Leaf works for how I drive. It's cheap 344 00:16:39,960 --> 00:16:42,160 Speaker 1: to buy, and then it's cheap to maintain, and so 345 00:16:42,520 --> 00:16:45,240 Speaker 1: you've got almost zero maintenance costs. Right, You just have 346 00:16:45,320 --> 00:16:47,960 Speaker 1: to plug that bad boy in and you're gonna go. Yeah, exactly, 347 00:16:48,000 --> 00:16:50,240 Speaker 1: And so the fuel costs are are much less than 348 00:16:50,280 --> 00:16:52,160 Speaker 1: they would be if I had a gas engine car. 349 00:16:52,520 --> 00:16:53,800 Speaker 1: And then the only thing you really have to get 350 00:16:53,800 --> 00:16:55,800 Speaker 1: for an electric car is tires, which is kind of cool. 351 00:16:55,880 --> 00:16:57,760 Speaker 1: It's like a golf cart that goes on the interstate. 352 00:16:58,160 --> 00:17:01,440 Speaker 1: It's pretty rad. Just not something that you would ever 353 00:17:01,480 --> 00:17:04,640 Speaker 1: want to do, is actual golf card on the interstate. 354 00:17:04,760 --> 00:17:07,240 Speaker 1: Yeah exactly, right. But real quickly. I want to talk 355 00:17:07,320 --> 00:17:09,880 Speaker 1: for a second about batteries, right, Like you mentioned how 356 00:17:10,240 --> 00:17:13,440 Speaker 1: the range of your leaf isn't quite as far as 357 00:17:13,600 --> 00:17:16,240 Speaker 1: you know brain new Tesla's, which can be expected because 358 00:17:16,280 --> 00:17:19,280 Speaker 1: the batteries the technology is gotten better. But has the 359 00:17:19,560 --> 00:17:23,080 Speaker 1: range of your leaf of the batteries in your vehicle, like, 360 00:17:23,160 --> 00:17:26,200 Speaker 1: have they gotten worse over time? Because I've also heard 361 00:17:26,320 --> 00:17:28,639 Speaker 1: about that as well, right, like where it doesn't hold 362 00:17:28,840 --> 00:17:30,840 Speaker 1: or doesn't charge quite as much as it used to. 363 00:17:31,320 --> 00:17:34,359 Speaker 1: What's your experience on that. Yeah, So batteries definitely degrade 364 00:17:34,359 --> 00:17:37,960 Speaker 1: over time, but mine has not degraded all that much. 365 00:17:38,119 --> 00:17:39,920 Speaker 1: And so there are different ways that you can try 366 00:17:40,000 --> 00:17:42,840 Speaker 1: to lessen the amount of degradation that you're gonna get 367 00:17:42,880 --> 00:17:44,960 Speaker 1: to your battery. And in particularly, the main couple of 368 00:17:45,000 --> 00:17:47,159 Speaker 1: things are to not charge it up to every night, 369 00:17:47,480 --> 00:17:51,159 Speaker 1: charge it more like yeah, and and also charge it 370 00:17:51,240 --> 00:17:53,520 Speaker 1: more slowly, so every time you use the quick charge 371 00:17:53,800 --> 00:17:55,879 Speaker 1: that is just hard on the battery. Makes sense, So 372 00:17:55,960 --> 00:17:57,639 Speaker 1: if you kind of do the trickle charge, which is 373 00:17:57,680 --> 00:17:59,520 Speaker 1: how I charge it every night, your battery is just 374 00:17:59,560 --> 00:18:02,320 Speaker 1: gonna laugh longer. And with those older Niecesan leaves, you 375 00:18:02,400 --> 00:18:05,080 Speaker 1: do have to realize that even just a little degradation 376 00:18:05,080 --> 00:18:08,359 Speaker 1: in the battery can affect its drivability because if you 377 00:18:08,800 --> 00:18:10,920 Speaker 1: go from a seventy five mile range to a sixty 378 00:18:10,960 --> 00:18:13,439 Speaker 1: five mile range, it just might not fit into your 379 00:18:13,520 --> 00:18:15,920 Speaker 1: driving habits nearly as much. So that is something to 380 00:18:15,960 --> 00:18:17,880 Speaker 1: consider before you make that purchase. But I will say 381 00:18:18,160 --> 00:18:20,639 Speaker 1: I think because of the factors that we pointed out above, 382 00:18:21,000 --> 00:18:23,760 Speaker 1: the Nissan Leaf does make the list of a best 383 00:18:23,800 --> 00:18:26,560 Speaker 1: car for frugal folks. All right, So, Joel, you tackled 384 00:18:26,600 --> 00:18:30,440 Speaker 1: the electric vehicles because that's you. You got yourself that Leaf. I, 385 00:18:31,080 --> 00:18:34,520 Speaker 1: on the other hand, have a conventional gasoline powered vehicle's 386 00:18:34,640 --> 00:18:37,720 Speaker 1: old school, which totally works for us. I don't know 387 00:18:37,760 --> 00:18:40,000 Speaker 1: about you, man. I think about the way song lyrics 388 00:18:40,040 --> 00:18:41,560 Speaker 1: are going to change based on the fact that we 389 00:18:41,680 --> 00:18:43,800 Speaker 1: have electric cars now and they're becoming more in vogue. 390 00:18:44,000 --> 00:18:46,200 Speaker 1: You just think about all these like stories about running 391 00:18:46,200 --> 00:18:48,440 Speaker 1: out of gas or something, or or the truck that's 392 00:18:48,520 --> 00:18:50,800 Speaker 1: idoling or like room room, Like that's not gonna be 393 00:18:50,800 --> 00:18:53,440 Speaker 1: the lyrics anymore exactly. Yeah, man, the songs are gonna 394 00:18:53,760 --> 00:18:57,320 Speaker 1: It's just like it's like I hear the word the 395 00:18:57,400 --> 00:19:01,600 Speaker 1: purr of my vehicle. Yeah, I love that but for us, 396 00:19:01,680 --> 00:19:04,960 Speaker 1: electric vehicles don't currently fit in our lifestyle. We don't drive, 397 00:19:05,480 --> 00:19:07,879 Speaker 1: like I said, a ton or all that often, but 398 00:19:07,960 --> 00:19:09,760 Speaker 1: when we do a lot of times, it's pretty far. 399 00:19:10,320 --> 00:19:13,080 Speaker 1: And so if you are like me and you aren't 400 00:19:13,200 --> 00:19:15,080 Speaker 1: into electric cars, you know, or they don't fit in 401 00:19:15,119 --> 00:19:18,240 Speaker 1: your lifestyle. The best conventional gas cars that you should 402 00:19:18,240 --> 00:19:23,639 Speaker 1: be considering our specifically that Toyota Corolla, Nissan Ultima, Kia Soul, 403 00:19:24,200 --> 00:19:28,920 Speaker 1: Toyota Prius Masa three, or the Honda Fit or Civic. Yeah. 404 00:19:28,960 --> 00:19:31,720 Speaker 1: And so the reason Matt, that all of those cars 405 00:19:31,800 --> 00:19:33,800 Speaker 1: that you listed and will assits out in our show 406 00:19:33,840 --> 00:19:36,959 Speaker 1: notes on the website that we're ranking as best cars 407 00:19:37,040 --> 00:19:40,000 Speaker 1: for frugal folks is because they all fit those standards 408 00:19:40,040 --> 00:19:42,040 Speaker 1: that we mentioned before in the show. That you can 409 00:19:42,080 --> 00:19:44,600 Speaker 1: get them at an ideal price point, that they are 410 00:19:44,760 --> 00:19:48,280 Speaker 1: incredibly reliable, their fuel efficient, and you might even be 411 00:19:48,320 --> 00:19:50,760 Speaker 1: able to self insure based on the price point of 412 00:19:50,880 --> 00:19:54,280 Speaker 1: those vehicles. Buying a five plus year old Corolla Ultimo 413 00:19:54,400 --> 00:19:56,800 Speaker 1: or any of those vehicles that you mentioned, Really they're 414 00:19:56,800 --> 00:19:59,560 Speaker 1: just in that sweet spot and you're not gonna you're 415 00:19:59,560 --> 00:20:00,960 Speaker 1: not gonna have a whole lot of hassle you're not 416 00:20:01,000 --> 00:20:02,960 Speaker 1: gonna be on a first name basis with your mechanic 417 00:20:03,040 --> 00:20:05,680 Speaker 1: in all likelihood by buying one of those cars, and 418 00:20:06,000 --> 00:20:08,440 Speaker 1: you're not going to spend too much money either. Yeah, 419 00:20:08,480 --> 00:20:10,200 Speaker 1: you know what stands out to me about those cars 420 00:20:10,320 --> 00:20:13,359 Speaker 1: is that none of them sound super nice. Like they 421 00:20:13,440 --> 00:20:15,960 Speaker 1: also sound pretty basic, but like that's what we're going 422 00:20:16,040 --> 00:20:18,440 Speaker 1: for here, Like we're going for vehicles that are practical, 423 00:20:18,560 --> 00:20:21,520 Speaker 1: that are affordable, and that aren't going to cost you 424 00:20:21,640 --> 00:20:24,160 Speaker 1: your future. Right, Like, if you are able to take 425 00:20:24,200 --> 00:20:26,560 Speaker 1: this money and instead invest it and do bigger and 426 00:20:26,640 --> 00:20:29,439 Speaker 1: greater things with it, think about what kind of position 427 00:20:29,480 --> 00:20:31,439 Speaker 1: that's gonna put you in in the future. Right. It's 428 00:20:31,480 --> 00:20:34,240 Speaker 1: not that we hate vehicles, it's that there's other things 429 00:20:34,320 --> 00:20:37,520 Speaker 1: that we want to do with our money instead. And so, yeah, 430 00:20:37,880 --> 00:20:39,680 Speaker 1: you know, when you were talking about a Kia Soul, 431 00:20:40,119 --> 00:20:41,560 Speaker 1: I don't think I personally know anyone that has a 432 00:20:41,640 --> 00:20:44,560 Speaker 1: Kia Soul, but I'm not gonna knock it because if 433 00:20:44,600 --> 00:20:46,520 Speaker 1: they're able to do something different with their money that 434 00:20:46,600 --> 00:20:49,280 Speaker 1: they are more excited about, man all the power to 435 00:20:49,359 --> 00:20:52,240 Speaker 1: them in the world. You drive that Kia Soul, you know, 436 00:20:52,280 --> 00:20:53,760 Speaker 1: I don't know why, but I've kind of always thought 437 00:20:53,800 --> 00:20:55,840 Speaker 1: Kia souls look kind of cool. Do you really like 438 00:20:56,080 --> 00:20:57,960 Speaker 1: you like the box I do like the boxy cars. 439 00:20:58,000 --> 00:21:00,520 Speaker 1: I love the old Scion xps. That you like the 440 00:21:00,720 --> 00:21:06,240 Speaker 1: old Hamster commercials? Was that the keyest the Hamster commercials 441 00:21:06,280 --> 00:21:08,720 Speaker 1: are a little goofy, super goofy. But yeah, one of 442 00:21:08,800 --> 00:21:12,520 Speaker 1: the fastest ways to build wealth is to spend very 443 00:21:12,560 --> 00:21:15,520 Speaker 1: little on a car. And these are good cars. Yeah, 444 00:21:15,520 --> 00:21:18,760 Speaker 1: they're good cars. They're just not sexy, right, yeah, exactly, 445 00:21:19,040 --> 00:21:20,680 Speaker 1: and so that but that's where we get into trouble 446 00:21:20,720 --> 00:21:23,160 Speaker 1: often with our finances is trying to impress other people, 447 00:21:23,440 --> 00:21:25,959 Speaker 1: trying to get the sexiest, newest, coolest thing. And if 448 00:21:26,000 --> 00:21:29,600 Speaker 1: we could just be happy with something that's completely good 449 00:21:29,960 --> 00:21:33,160 Speaker 1: that these cars are, like, they're fantastic cars, they're really 450 00:21:33,200 --> 00:21:35,200 Speaker 1: good cars. But if we feel they need to impress 451 00:21:35,240 --> 00:21:37,399 Speaker 1: other people with the car that we drive, well, then 452 00:21:37,440 --> 00:21:39,480 Speaker 1: we're probably not gonna be happy with these cars. So 453 00:21:39,600 --> 00:21:43,320 Speaker 1: it's important to go into your car purchase with that mindset. Yeah, 454 00:21:43,359 --> 00:21:45,719 Speaker 1: you know, if none of those vehicles that we mentioned 455 00:21:46,000 --> 00:21:50,640 Speaker 1: sound that great. Consumer Reports has a great extended list 456 00:21:50,720 --> 00:21:53,159 Speaker 1: of you know, different cars, the best cars that you 457 00:21:53,200 --> 00:21:56,720 Speaker 1: can get under twenty dollars, so many of which would 458 00:21:56,760 --> 00:21:59,639 Speaker 1: fall you know, in our recommended tin k or less 459 00:22:00,119 --> 00:22:03,240 Speaker 1: price limit. And we'll put a link to that article 460 00:22:03,320 --> 00:22:05,720 Speaker 1: in our show notes. It's not behind a paywall, so 461 00:22:05,920 --> 00:22:09,000 Speaker 1: even if you don't have a Customer Reports accounts, you 462 00:22:09,040 --> 00:22:11,760 Speaker 1: can take a look at that article. Also in that article, 463 00:22:11,840 --> 00:22:15,240 Speaker 1: they mentioned pickup trucks and some folks might say, oh, well, 464 00:22:15,280 --> 00:22:17,040 Speaker 1: I can't get one of those tiny vehicles because I 465 00:22:17,080 --> 00:22:20,240 Speaker 1: need something bigger. Well, there are two that they recommend, 466 00:22:20,359 --> 00:22:23,960 Speaker 1: and that is the Honda Ridgeline the Toyota Tundra. Whether 467 00:22:24,040 --> 00:22:26,240 Speaker 1: those ranks really high when it comes to all the 468 00:22:26,320 --> 00:22:29,800 Speaker 1: factors reliability, cost, Yeah, I hear Corollas don't like haul 469 00:22:29,920 --> 00:22:32,800 Speaker 1: lumber well or coast stuff. So yeah, if you really 470 00:22:32,880 --> 00:22:36,160 Speaker 1: do need a truck for work or for play, even 471 00:22:36,240 --> 00:22:39,040 Speaker 1: it's something that you really enjoy or really really want, 472 00:22:39,280 --> 00:22:42,720 Speaker 1: well those are the two trucks that they recommend in particular, 473 00:22:42,960 --> 00:22:45,359 Speaker 1: and they're worth considering. And let's talk about vans to 474 00:22:45,520 --> 00:22:47,960 Speaker 1: Matt because we because you have a van, I have 475 00:22:48,000 --> 00:22:51,320 Speaker 1: a micro van. That's another segment of cars that a 476 00:22:51,400 --> 00:22:53,639 Speaker 1: lot of people they need something bigger to haul more 477 00:22:53,800 --> 00:22:55,840 Speaker 1: family around in. Right, I don't think most folks know 478 00:22:56,000 --> 00:22:59,680 Speaker 1: what a micro van is. There's basically one vehicle that 479 00:22:59,720 --> 00:23:01,639 Speaker 1: can be considered a micro van, and that's what you have, 480 00:23:02,040 --> 00:23:05,000 Speaker 1: which is a mass of five. It's got the sliding doors, 481 00:23:05,080 --> 00:23:06,720 Speaker 1: and it's got the third row, but it's like a 482 00:23:07,280 --> 00:23:10,160 Speaker 1: it's like a mini minivan micro van exactly. It has 483 00:23:10,200 --> 00:23:12,640 Speaker 1: a third row of seats, but it's just like way 484 00:23:12,800 --> 00:23:16,240 Speaker 1: smaller than a normal van. It gets better fuel economy 485 00:23:16,320 --> 00:23:18,600 Speaker 1: than a regular minivan. Yeah, and it kind of comes 486 00:23:18,640 --> 00:23:21,040 Speaker 1: out ahead when it comes to the cost as well, 487 00:23:21,160 --> 00:23:24,240 Speaker 1: because the other options that are dependable are gonna be 488 00:23:24,320 --> 00:23:27,520 Speaker 1: the Toyota Sienna and the Honda Odyssey, which are awesome. 489 00:23:27,680 --> 00:23:30,040 Speaker 1: That's what we personally have. We have a Honda Odyssey. 490 00:23:30,359 --> 00:23:32,880 Speaker 1: But you're gonna be looking, you know, a little north 491 00:23:32,960 --> 00:23:35,360 Speaker 1: of that ten K mark, more like ten to fifteen, 492 00:23:35,800 --> 00:23:38,800 Speaker 1: maybe even twenty thousand dollars, which is a lot of money. 493 00:23:39,240 --> 00:23:42,040 Speaker 1: So yeah, I mean, I honestly would challenge listeners to 494 00:23:42,240 --> 00:23:45,000 Speaker 1: to consider specifically a mass of five because that's the 495 00:23:45,080 --> 00:23:47,920 Speaker 1: vehicle that you can haul six people around in for 496 00:23:48,280 --> 00:23:50,399 Speaker 1: for much less money than what you would pay for 497 00:23:50,840 --> 00:23:55,520 Speaker 1: the fancier Toyota and Honda vans. But since this episode 498 00:23:55,600 --> 00:23:58,040 Speaker 1: is called the best Cars for Frugal Folks. Well, we're 499 00:23:58,040 --> 00:24:00,040 Speaker 1: gonna give you know, the Mass of five, probably a 500 00:24:00,119 --> 00:24:02,280 Speaker 1: gold Star, and we're gonna give the Hot Odyssey and 501 00:24:02,320 --> 00:24:05,000 Speaker 1: Toyota Sienna is kind of those those backup silver stars. 502 00:24:05,080 --> 00:24:07,880 Speaker 1: Maybe there's still really good vehicles and if you can 503 00:24:08,040 --> 00:24:10,440 Speaker 1: find a good deal, you can find a sweet spot, 504 00:24:10,520 --> 00:24:12,920 Speaker 1: maybe a six, seven or eight year old van of 505 00:24:13,040 --> 00:24:15,680 Speaker 1: one of those makes and models, well then that's probably 506 00:24:15,680 --> 00:24:17,760 Speaker 1: a really good purchase. But yeah, the mods to five 507 00:24:17,880 --> 00:24:20,040 Speaker 1: is going to be a little bit cheaper, and if 508 00:24:20,080 --> 00:24:22,800 Speaker 1: it fits your needs, it's a really great vehicle to own. 509 00:24:22,840 --> 00:24:25,480 Speaker 1: We've had a great experience with ours. In our next segment, 510 00:24:25,520 --> 00:24:28,800 Speaker 1: we're gonna talk about where and how to buy your 511 00:24:28,920 --> 00:24:40,320 Speaker 1: new frugal vehicle. Alright, Matt, Before we get into the 512 00:24:40,440 --> 00:24:45,160 Speaker 1: specific best places to buy your new to you frugal vehicle, well, 513 00:24:45,280 --> 00:24:48,280 Speaker 1: let's get into a couple of alternatives. It's a really 514 00:24:48,320 --> 00:24:50,640 Speaker 1: important thing to consider is to challenge yourself to try 515 00:24:50,720 --> 00:24:54,680 Speaker 1: and use alternative transportation as often as possible, especially to 516 00:24:54,760 --> 00:24:57,040 Speaker 1: get to and from work. And I realize that this 517 00:24:57,119 --> 00:24:59,920 Speaker 1: doesn't work for everyone. People that have listened to the 518 00:25:00,000 --> 00:25:02,520 Speaker 1: show for for very long. No, that we like bikes. 519 00:25:02,680 --> 00:25:05,119 Speaker 1: We talked about it often and we encourage people to 520 00:25:05,320 --> 00:25:07,960 Speaker 1: use their bikes as often as possible. And we're doing 521 00:25:08,000 --> 00:25:10,800 Speaker 1: that again because every time you ride your bike instead 522 00:25:10,840 --> 00:25:13,960 Speaker 1: of driving your vehicle, you're prolonging the life of that vehicle, 523 00:25:14,040 --> 00:25:16,840 Speaker 1: and you're saving yourself money and you're prolonging your own life. 524 00:25:16,880 --> 00:25:18,320 Speaker 1: I mean, let's be honest, right, as long as you 525 00:25:18,359 --> 00:25:20,680 Speaker 1: don't get hit by a vehicle, you're in better health. 526 00:25:20,880 --> 00:25:25,119 Speaker 1: So when when exactly ride sharing apps to Matt, and 527 00:25:25,160 --> 00:25:28,000 Speaker 1: we've talked about that that maybe you can go down 528 00:25:28,040 --> 00:25:30,800 Speaker 1: to a one car family by using ride sharing apps 529 00:25:30,840 --> 00:25:32,600 Speaker 1: a little bit more often, depending on where you live 530 00:25:32,640 --> 00:25:34,879 Speaker 1: and depending on how accessible they are. And kind of 531 00:25:34,920 --> 00:25:38,840 Speaker 1: a new entrant into that sphere is Ways. Ways has 532 00:25:39,000 --> 00:25:41,280 Speaker 1: the car pool feature now on their app, and I 533 00:25:41,359 --> 00:25:43,280 Speaker 1: haven't used it yet, but I've been meaning to, so 534 00:25:43,680 --> 00:25:46,399 Speaker 1: once I do, I'll report back. But that is actually 535 00:25:46,440 --> 00:25:48,840 Speaker 1: a much cheaper way to get around on the ride 536 00:25:48,840 --> 00:25:51,240 Speaker 1: sharing option, and so if that's available where you are, 537 00:25:51,400 --> 00:25:53,960 Speaker 1: that's definitely something to consider as well. Yeah. Well, in 538 00:25:54,040 --> 00:25:57,080 Speaker 1: speaking of new entrants, man, you've got all the different 539 00:25:57,160 --> 00:26:00,639 Speaker 1: micro mobility options, right, These are the different scooters and 540 00:26:00,720 --> 00:26:03,359 Speaker 1: whatnot that you may or may not be a fan of. 541 00:26:03,560 --> 00:26:06,240 Speaker 1: Still never written one? Have you really? You really haven't, 542 00:26:06,440 --> 00:26:07,840 Speaker 1: I haven't, dude. How have you not ridden one of 543 00:26:07,840 --> 00:26:09,600 Speaker 1: the scooters yet? There are my bikes, man, I don't 544 00:26:09,600 --> 00:26:11,760 Speaker 1: need that crab. There are a lot of fun but 545 00:26:12,160 --> 00:26:14,040 Speaker 1: more and more folks, I mean, granted, the very first 546 00:26:14,080 --> 00:26:17,480 Speaker 1: time you see a dude wearing like a suit righting 547 00:26:17,520 --> 00:26:19,240 Speaker 1: on the thing to to work, you kind of laugh, 548 00:26:19,359 --> 00:26:21,480 Speaker 1: like it's a joke. I see it every day, but 549 00:26:21,760 --> 00:26:25,040 Speaker 1: we'll see it every day. And how normal is it now? Though? Right? 550 00:26:25,119 --> 00:26:27,200 Speaker 1: More and more folks are using it as a legitimate 551 00:26:27,240 --> 00:26:30,399 Speaker 1: option to get from to and from public trains that specifically, 552 00:26:30,800 --> 00:26:32,600 Speaker 1: but even from where they live if they live in 553 00:26:32,680 --> 00:26:34,840 Speaker 1: the city, And with more and more folks moving to 554 00:26:34,960 --> 00:26:37,919 Speaker 1: the city, micro mobility man, it's it's a real option 555 00:26:38,000 --> 00:26:40,760 Speaker 1: for folks, whether it be scooters or electric bikes now 556 00:26:40,920 --> 00:26:43,159 Speaker 1: that are out there. You got to give it a shot. No, 557 00:26:43,359 --> 00:26:46,080 Speaker 1: it is, and I'm kind of a hater, but here's 558 00:26:46,119 --> 00:26:48,399 Speaker 1: the deal. Truly, I think they can be really helpful 559 00:26:48,440 --> 00:26:51,679 Speaker 1: in reducing traffic congestion. And if it works for your 560 00:26:51,720 --> 00:26:54,840 Speaker 1: lifestyle and you like hopping on an electric scooter. Well, 561 00:26:55,040 --> 00:26:57,440 Speaker 1: I'm not gonna hate because anything that gets people out 562 00:26:57,480 --> 00:27:00,080 Speaker 1: of their car more and just out and about an 563 00:27:00,119 --> 00:27:03,480 Speaker 1: alternative mode of transportation, I'm all for it, honestly. Yeah, 564 00:27:03,520 --> 00:27:05,159 Speaker 1: And I kind of got nerdy with it, right, And 565 00:27:05,240 --> 00:27:07,400 Speaker 1: so I was doing some more sort of digging around 566 00:27:07,440 --> 00:27:08,879 Speaker 1: with the research, and I thought, you know, I think 567 00:27:08,920 --> 00:27:11,840 Speaker 1: one of the things that keeps folks from using the 568 00:27:11,880 --> 00:27:14,879 Speaker 1: different scooters is the actual platform. It's having to go 569 00:27:15,000 --> 00:27:16,879 Speaker 1: from one scooter to the next, trying to unlock it, 570 00:27:16,960 --> 00:27:19,600 Speaker 1: finding one that's got juice, and it's kind of a pain. 571 00:27:19,720 --> 00:27:21,520 Speaker 1: You can't count on it to being there, right, But 572 00:27:21,640 --> 00:27:23,840 Speaker 1: you can buy your own scooter. There's different scooters you 573 00:27:23,880 --> 00:27:26,479 Speaker 1: can purchase now, and they're not that expensive. You can 574 00:27:26,520 --> 00:27:29,480 Speaker 1: fold it up and put it in your backpack. Yes exactly. Actually, 575 00:27:29,520 --> 00:27:32,680 Speaker 1: one of my coworkers bought their own electric scooter, but sadly, 576 00:27:32,720 --> 00:27:34,639 Speaker 1: I don't think they've even used. It's a huge bummer. 577 00:27:34,680 --> 00:27:36,760 Speaker 1: They need to donate that to you. But you can 578 00:27:36,800 --> 00:27:39,000 Speaker 1: get a really nice community scooter like that for about 579 00:27:39,040 --> 00:27:42,480 Speaker 1: five bucks. And if you're looking at nine thousand dollars 580 00:27:42,600 --> 00:27:46,320 Speaker 1: spent annually on transportation costs, I mean you can buy 581 00:27:46,359 --> 00:27:48,840 Speaker 1: at least three scooters for that much money, right, like, 582 00:27:48,920 --> 00:27:52,960 Speaker 1: in the course of a year, is less than nine thousand. Yes, 583 00:27:53,160 --> 00:27:55,880 Speaker 1: is the answers. You can have three of them. There 584 00:27:55,960 --> 00:27:57,600 Speaker 1: there is a chance, I will say, on your bike 585 00:27:57,800 --> 00:27:59,600 Speaker 1: or on a scooter like that, they're gonna get caught 586 00:27:59,640 --> 00:28:01,280 Speaker 1: in a down on poor like I did today on 587 00:28:01,359 --> 00:28:03,080 Speaker 1: the way home. So you just have to be okay 588 00:28:03,119 --> 00:28:04,560 Speaker 1: with that, and you just have to realize that that's 589 00:28:04,840 --> 00:28:07,560 Speaker 1: part of what comes with the territory. But you're here 590 00:28:07,880 --> 00:28:11,680 Speaker 1: and you look great for a minute. I I looked 591 00:28:11,720 --> 00:28:13,639 Speaker 1: a little disheveled. But you're a little wet. They just 592 00:28:13,680 --> 00:28:15,640 Speaker 1: go home and change. I was. I was a lot wet. 593 00:28:16,520 --> 00:28:18,399 Speaker 1: I was soaked, but but it was worth it. It 594 00:28:18,440 --> 00:28:20,639 Speaker 1: was kind of Actually, I don't mind a good rain 595 00:28:20,640 --> 00:28:23,040 Speaker 1: shower in in the spring. It's kind of nice in 596 00:28:23,080 --> 00:28:25,600 Speaker 1: those instances. Do you keep like a little zip block 597 00:28:25,600 --> 00:28:27,400 Speaker 1: bag on you for your phone? How does that work? 598 00:28:27,640 --> 00:28:29,560 Speaker 1: I stopped my phone in my opinion, your bag which 599 00:28:29,760 --> 00:28:35,240 Speaker 1: is not waterproof, but it does the job enough. Yeah, yeah, enough, yeah, 600 00:28:35,560 --> 00:28:39,440 Speaker 1: so my phone was safe. Okay, that's that's enough about alternatives. 601 00:28:39,560 --> 00:28:42,640 Speaker 1: Let's talk about where you can buy an actual car. 602 00:28:43,200 --> 00:28:46,000 Speaker 1: We're big fans of Carbona and CarMax, and both of 603 00:28:46,000 --> 00:28:49,680 Speaker 1: those are great places to shop for use vehicles. Carbona specifically, 604 00:28:49,840 --> 00:28:52,960 Speaker 1: I purchased our Honda Odyssey from from them and we 605 00:28:53,120 --> 00:28:56,840 Speaker 1: had a fantastic experience. Specifically, we were able to take 606 00:28:56,840 --> 00:28:59,480 Speaker 1: advantage of their warranty because, like we mentioned earlier in 607 00:28:59,560 --> 00:29:01,719 Speaker 1: the show, I took that Honda to a mechanic who 608 00:29:01,880 --> 00:29:04,120 Speaker 1: only worked on Honda's. He actually works on Honda's and 609 00:29:04,200 --> 00:29:07,280 Speaker 1: accurates only which are evidently like the same vehicle. He 610 00:29:07,400 --> 00:29:09,840 Speaker 1: was able to identify that the noise that I had 611 00:29:09,880 --> 00:29:12,360 Speaker 1: picked up on within that first week was coming from 612 00:29:12,400 --> 00:29:15,600 Speaker 1: the timing belt. And so I gave Carbonna a call 613 00:29:15,720 --> 00:29:18,160 Speaker 1: and said, hey, you know, I'm gonna return this vehicle 614 00:29:18,640 --> 00:29:21,200 Speaker 1: unless getting that timing belt replaced as part of the warranty. 615 00:29:21,560 --> 00:29:23,680 Speaker 1: And you know what, They called me back and said, yeah, 616 00:29:23,720 --> 00:29:25,600 Speaker 1: no problem. You know, we can totally cover that. And 617 00:29:25,680 --> 00:29:27,640 Speaker 1: so I had a new timing belt, put in, new 618 00:29:27,680 --> 00:29:31,160 Speaker 1: water pump, all that action all covered under Carbona's warranty. 619 00:29:31,560 --> 00:29:34,640 Speaker 1: I am a happy customer of Carbona. They do not 620 00:29:34,720 --> 00:29:39,120 Speaker 1: sponsor this podcast. Yeah, those are both Carbonna and CarMax, 621 00:29:39,280 --> 00:29:43,360 Speaker 1: both just highly reputable used car sales entities, and they're 622 00:29:43,400 --> 00:29:45,800 Speaker 1: and they're worth considering. The one thing that you need 623 00:29:45,880 --> 00:29:47,720 Speaker 1: to be aware of is that they typically don't have 624 00:29:48,280 --> 00:29:50,040 Speaker 1: cars that are in that five to ten thousand dollar 625 00:29:50,160 --> 00:29:53,080 Speaker 1: range loss of times. They their vehicle prices start at 626 00:29:53,120 --> 00:29:56,720 Speaker 1: ten thousand dollars, so if you're looking to buy something 627 00:29:56,760 --> 00:29:58,640 Speaker 1: on the lower end of that range, and I gotta 628 00:29:58,680 --> 00:30:01,360 Speaker 1: tell you, I've been more than abby with five thousand 629 00:30:01,400 --> 00:30:03,520 Speaker 1: dollar cars in my life. In fact, the car that 630 00:30:03,600 --> 00:30:05,800 Speaker 1: I owned the longest was a Nissan Ultima that I 631 00:30:05,920 --> 00:30:08,960 Speaker 1: paid for and had it for eight years. So you 632 00:30:09,040 --> 00:30:11,320 Speaker 1: don't have to even spend five thousand dollars on your 633 00:30:11,360 --> 00:30:13,480 Speaker 1: car to to get a good one. But if you're 634 00:30:13,520 --> 00:30:15,800 Speaker 1: looking in that price range, you're not gonna find it there. 635 00:30:15,800 --> 00:30:18,800 Speaker 1: And so Craigslist it's actually still a really good place 636 00:30:18,880 --> 00:30:21,000 Speaker 1: to shop for a used car. You're gonna want to 637 00:30:21,000 --> 00:30:24,160 Speaker 1: be careful, be aware of the potential scams on Craigslist, 638 00:30:24,320 --> 00:30:27,960 Speaker 1: and Craigslist has specific guidelines for how to avoid scamsters 639 00:30:28,080 --> 00:30:31,080 Speaker 1: that post stuff on their site. But Craigslist is still 640 00:30:31,240 --> 00:30:34,640 Speaker 1: the place where most people tend to post their used 641 00:30:34,720 --> 00:30:37,040 Speaker 1: cars for sale, and so you're gonna find a lot 642 00:30:37,120 --> 00:30:41,280 Speaker 1: of options available, particularly in these makes and models, but 643 00:30:41,400 --> 00:30:43,760 Speaker 1: are popular, Joel. You know somewhere else that you can 644 00:30:43,840 --> 00:30:48,080 Speaker 1: purchase your frugal car is at a car auction. You 645 00:30:48,120 --> 00:30:51,800 Speaker 1: can easily save ten to when you're buying wholesale. But 646 00:30:51,880 --> 00:30:53,600 Speaker 1: the way that you do that is you are going 647 00:30:53,640 --> 00:30:56,600 Speaker 1: to have to buy through a broker or a wholesaler 648 00:30:56,960 --> 00:31:00,200 Speaker 1: who bids against used car dealers. And this is where 649 00:31:00,520 --> 00:31:02,960 Speaker 1: these different used car dealerships like, that's where they go 650 00:31:03,200 --> 00:31:05,800 Speaker 1: to get their inventory, and so you typically have to 651 00:31:05,920 --> 00:31:09,280 Speaker 1: have a car dealer license in order to show up 652 00:31:09,280 --> 00:31:11,960 Speaker 1: at these auctions and make bids and make the purchases 653 00:31:12,000 --> 00:31:16,200 Speaker 1: and whatnot. You know, we considered getting our most recent vehicle, 654 00:31:16,320 --> 00:31:19,719 Speaker 1: our van, at a car auction. But the biggest thing 655 00:31:19,760 --> 00:31:21,240 Speaker 1: that you need to have when it comes to those 656 00:31:21,480 --> 00:31:23,840 Speaker 1: is two things. Actually, you need to be okay with 657 00:31:23,920 --> 00:31:26,560 Speaker 1: it not being exactly what you're looking for, because a 658 00:31:26,600 --> 00:31:29,400 Speaker 1: lot of times in the auctions they'll have maybe what 659 00:31:29,520 --> 00:31:31,840 Speaker 1: color it is in the year, and the the mileage 660 00:31:32,360 --> 00:31:34,280 Speaker 1: in the model, right, like all the big things, but 661 00:31:34,320 --> 00:31:37,440 Speaker 1: they won't have certain trim options sometimes or like the 662 00:31:37,600 --> 00:31:40,600 Speaker 1: interior color, and so you might end up with the 663 00:31:40,680 --> 00:31:42,720 Speaker 1: vehicle that you have no idea what it looks like 664 00:31:42,800 --> 00:31:45,480 Speaker 1: on the inside. Get those mustard colored seats or something like. 665 00:31:45,840 --> 00:31:47,520 Speaker 1: That's not what I was hoping right out of the eighties. 666 00:31:48,080 --> 00:31:49,880 Speaker 1: But and then something else as well is you have 667 00:31:49,960 --> 00:31:51,920 Speaker 1: to be really patient because if you are looking for 668 00:31:52,000 --> 00:31:54,680 Speaker 1: a specific type of vehicle, you just have to wait 669 00:31:54,760 --> 00:31:57,520 Speaker 1: until it shows up, preferably at an auction near you. 670 00:31:57,800 --> 00:31:59,640 Speaker 1: That way you don't have to pay the additional fees 671 00:31:59,720 --> 00:32:02,120 Speaker 1: to have that vehicle ship to you. Well, I have 672 00:32:02,360 --> 00:32:05,520 Speaker 1: never even considered buying a car at auction. I know 673 00:32:05,720 --> 00:32:08,800 Speaker 1: that some super savvy folks have done well with it, 674 00:32:09,400 --> 00:32:12,240 Speaker 1: but it's just not something that has crossed my radar. Yeah, 675 00:32:12,280 --> 00:32:14,240 Speaker 1: it's not for everyone. You you kind of need to 676 00:32:14,280 --> 00:32:16,800 Speaker 1: be involved in the process. It's not gonna be this 677 00:32:17,160 --> 00:32:20,440 Speaker 1: perfectly polished system. You know, typically if you're working with 678 00:32:20,520 --> 00:32:23,440 Speaker 1: a broker or a wholesaler, you're agreeing to do business 679 00:32:23,600 --> 00:32:25,440 Speaker 1: the way that they do it. And so make sure 680 00:32:25,520 --> 00:32:28,280 Speaker 1: that you're working with somebody who is either well reviewed 681 00:32:28,520 --> 00:32:30,960 Speaker 1: or that has a great recommendation from a friend who 682 00:32:31,040 --> 00:32:33,360 Speaker 1: has used them. And in our case that's who we 683 00:32:33,480 --> 00:32:36,320 Speaker 1: were talking with. A good buddy of ours actually has 684 00:32:36,480 --> 00:32:39,360 Speaker 1: used this guy before with multiple vehicles, and he's had 685 00:32:39,440 --> 00:32:41,720 Speaker 1: great experiences and has saved a lot of money. So 686 00:32:41,880 --> 00:32:45,200 Speaker 1: if you're up for maybe a less refined car buying process, 687 00:32:45,240 --> 00:32:47,200 Speaker 1: you got to consider car auctions. Yeah, it's not going 688 00:32:47,240 --> 00:32:49,680 Speaker 1: to be as quick and seamless and easy as something 689 00:32:49,840 --> 00:32:54,120 Speaker 1: like Carbona with their car vending machine that yeah, or 690 00:32:54,440 --> 00:32:56,240 Speaker 1: plops out of vehicle for you. You're pulling up the 691 00:32:56,280 --> 00:33:00,360 Speaker 1: site on your smartphone and you know, getting the review 692 00:33:00,400 --> 00:33:01,800 Speaker 1: and all that kind of stuff. Exactly, it's just not 693 00:33:01,880 --> 00:33:04,000 Speaker 1: gonna be like that. One other thing we have to 694 00:33:04,080 --> 00:33:06,760 Speaker 1: mention about where you buy your car is where not 695 00:33:06,880 --> 00:33:09,000 Speaker 1: to buy your car. And the biggest place that you 696 00:33:09,080 --> 00:33:12,120 Speaker 1: should avoid when you're buying a vehicle is buy here, 697 00:33:12,160 --> 00:33:15,040 Speaker 1: pay here lots. And those are if you keep your 698 00:33:15,080 --> 00:33:17,120 Speaker 1: eyes open and just drive around a little bit, you're 699 00:33:17,120 --> 00:33:18,800 Speaker 1: gonna see a lot of buy here, pay here lots. 700 00:33:18,840 --> 00:33:23,240 Speaker 1: There are these small, individually owned car lots around town 701 00:33:23,760 --> 00:33:25,880 Speaker 1: and you might pull up to one randomly on a 702 00:33:25,920 --> 00:33:28,840 Speaker 1: Saturday and decide that you want to take a look 703 00:33:29,240 --> 00:33:31,320 Speaker 1: at at the vehicles that they have. Just know that 704 00:33:31,400 --> 00:33:34,480 Speaker 1: oftentimes the vehicles that are on these lots can have 705 00:33:34,840 --> 00:33:37,560 Speaker 1: major issues with them. But more than anything. The problems 706 00:33:37,600 --> 00:33:40,640 Speaker 1: that you're going to run into are financing, uh that 707 00:33:40,920 --> 00:33:44,480 Speaker 1: car at that dealership financing woes, Yeah, and so you 708 00:33:44,600 --> 00:33:48,400 Speaker 1: might be charged exorbitant rates of interest and there's never 709 00:33:48,800 --> 00:33:52,560 Speaker 1: any sort of warranty or return policy like you describe 710 00:33:52,600 --> 00:33:56,920 Speaker 1: Matt with Carbona and CarMax offers something similar. You're not 711 00:33:56,960 --> 00:33:58,560 Speaker 1: gonna get anything like that at a buy here, pay 712 00:33:58,600 --> 00:34:01,320 Speaker 1: heer lot and oftentimes not even going to let you 713 00:34:01,480 --> 00:34:05,160 Speaker 1: take that car to a mechanic that you pick to 714 00:34:05,320 --> 00:34:07,760 Speaker 1: get that car checked out. They they're just not interested 715 00:34:07,760 --> 00:34:09,600 Speaker 1: in that. That's not how they do business. And you 716 00:34:09,680 --> 00:34:11,680 Speaker 1: don't want to buy a car without taking it to 717 00:34:11,719 --> 00:34:14,440 Speaker 1: your mechanic first. That's one of the most important things 718 00:34:14,480 --> 00:34:16,440 Speaker 1: when it comes to getting a great car as a 719 00:34:16,520 --> 00:34:18,640 Speaker 1: frugal person. You have to get it checked out by 720 00:34:18,640 --> 00:34:21,799 Speaker 1: your mechanic. That's Ragel and so that's where to buy 721 00:34:21,960 --> 00:34:24,279 Speaker 1: your vehicle. And then you know, we mentioned how much. 722 00:34:24,680 --> 00:34:26,640 Speaker 1: Just make sure you're looking on Kelly Blue Book right 723 00:34:26,760 --> 00:34:29,400 Speaker 1: KBB dot com. Take a look there to see what 724 00:34:29,560 --> 00:34:31,800 Speaker 1: you should be paying for a car and if you 725 00:34:31,960 --> 00:34:34,440 Speaker 1: are getting a good deal or not. Some of this 726 00:34:34,560 --> 00:34:38,120 Speaker 1: comes down to you individually, just because KBB says a 727 00:34:38,239 --> 00:34:40,800 Speaker 1: price that's actually higher than maybe the deal that you 728 00:34:40,920 --> 00:34:42,680 Speaker 1: are able to get. That doesn't mean that you shouldn't 729 00:34:42,680 --> 00:34:45,799 Speaker 1: necessarily buy that vehicle. It's just letting you know that, well, 730 00:34:45,880 --> 00:34:48,560 Speaker 1: maybe on that specific vehicle you're getting a deal. It's 731 00:34:48,640 --> 00:34:51,760 Speaker 1: up to you, as an individual in your financial situation 732 00:34:52,040 --> 00:34:54,239 Speaker 1: as to the kind of vehicle, uh, that is going 733 00:34:54,320 --> 00:34:56,640 Speaker 1: to work out for you. Yeah. I feel like KBB 734 00:34:56,880 --> 00:34:59,919 Speaker 1: has a nice tool where you can, you know, plug 735 00:35:00,040 --> 00:35:02,239 Speaker 1: in a year, make and model, and then you can 736 00:35:02,320 --> 00:35:05,440 Speaker 1: see the typical range of what like a private party 737 00:35:05,520 --> 00:35:08,920 Speaker 1: sale would be for Let's just take, for instance, a 738 00:35:09,320 --> 00:35:12,160 Speaker 1: two thousand and twelve niece on leaf, Okay, and Kelly 739 00:35:12,200 --> 00:35:14,960 Speaker 1: Blue Book might say that the typical value of a 740 00:35:15,080 --> 00:35:18,360 Speaker 1: Nissan leaf in good condition of that age would be 741 00:35:18,560 --> 00:35:20,920 Speaker 1: seven thousand, eight thousand dollars. I'm literally just making this 742 00:35:21,040 --> 00:35:23,000 Speaker 1: up off the top of my head, but that gives 743 00:35:23,040 --> 00:35:25,719 Speaker 1: you a good idea when you're going out to shop, 744 00:35:26,239 --> 00:35:28,640 Speaker 1: you can at least just kind of throw out any 745 00:35:28,680 --> 00:35:30,919 Speaker 1: sort of Nissan leaf that was made in that year 746 00:35:31,200 --> 00:35:34,319 Speaker 1: that costs ten tho dollars because that's just too far 747 00:35:34,360 --> 00:35:36,560 Speaker 1: outside of the range to even be considered. And so 748 00:35:36,680 --> 00:35:39,000 Speaker 1: it's just kind of this helpful barometer to steer you 749 00:35:39,080 --> 00:35:41,279 Speaker 1: in the right direction when it comes to price for 750 00:35:41,520 --> 00:35:43,920 Speaker 1: the car that you're interested in. Real quick, let's get 751 00:35:43,920 --> 00:35:45,520 Speaker 1: back to the beer today. On the show, we were 752 00:35:45,600 --> 00:35:50,320 Speaker 1: drinking form Fermentory and Blendery and this beer was called Bitter. 753 00:35:50,480 --> 00:35:52,719 Speaker 1: It's a spice beer. What was your take on this beer, 754 00:35:52,800 --> 00:35:54,800 Speaker 1: my friend? So let me just let you know that 755 00:35:55,080 --> 00:35:56,759 Speaker 1: when I was pouring this beer, I'll sniff in it 756 00:35:56,840 --> 00:35:59,399 Speaker 1: a little bit because that's how I roll. I could. 757 00:35:59,400 --> 00:36:01,600 Speaker 1: I feel like I could smell and feel the acidity 758 00:36:01,719 --> 00:36:04,439 Speaker 1: coming off of the beer, and you can totally taste 759 00:36:04,440 --> 00:36:07,480 Speaker 1: that as well. However, this beer also has, like it says, 760 00:36:07,560 --> 00:36:10,520 Speaker 1: a lot of spice. It's a very interesting beer. I 761 00:36:10,560 --> 00:36:12,879 Speaker 1: don't think I've ever had one quite like this, man. Yeah, 762 00:36:12,880 --> 00:36:14,480 Speaker 1: I don't think I have either. I'm not sure what 763 00:36:14,600 --> 00:36:16,759 Speaker 1: spices were used in it, but man, I got a 764 00:36:16,800 --> 00:36:19,200 Speaker 1: mouth full of them. Like, I feel like they definitely 765 00:36:19,719 --> 00:36:21,080 Speaker 1: hit the nail on the head with what they were 766 00:36:21,080 --> 00:36:24,200 Speaker 1: going for. So, yeah, this is my first spice beer, 767 00:36:24,239 --> 00:36:27,359 Speaker 1: I think, and I don't think it will be my last. Yeah, man, 768 00:36:27,440 --> 00:36:29,040 Speaker 1: me neither. I feel like I could pick up on 769 00:36:29,080 --> 00:36:30,960 Speaker 1: a lot of the different barrel notes as well. It 770 00:36:31,080 --> 00:36:33,240 Speaker 1: just you know, I'm a big fan of barrel aged beers, 771 00:36:33,719 --> 00:36:36,400 Speaker 1: and you know, if you combine barrel aged beers plus 772 00:36:36,440 --> 00:36:38,879 Speaker 1: a lot of acidity, in my book, you can't go wrong. 773 00:36:39,000 --> 00:36:41,759 Speaker 1: So so things again to Adam for sending us a 774 00:36:41,840 --> 00:36:44,279 Speaker 1: couple of these delicious beers. We really appreciate it. Man. 775 00:36:44,520 --> 00:36:46,600 Speaker 1: All right, Matt, let's do just a super quick final 776 00:36:46,680 --> 00:36:49,880 Speaker 1: thoughts on the best cars for frugal folks. And one 777 00:36:49,960 --> 00:36:52,600 Speaker 1: of the most important things you need to consider when 778 00:36:52,600 --> 00:36:56,200 Speaker 1: you're thinking about purchasing a frugal car is the total 779 00:36:56,280 --> 00:36:58,400 Speaker 1: cost of ownership. And so that is not just the 780 00:36:58,440 --> 00:37:00,600 Speaker 1: sticker price on the window, but that is all the 781 00:37:00,680 --> 00:37:04,040 Speaker 1: other costs associated with buying a car. And that's why 782 00:37:04,160 --> 00:37:07,280 Speaker 1: we mentioned buying an older car and taking into account 783 00:37:07,400 --> 00:37:11,560 Speaker 1: specifically the reliability of those cars. The reliability and the 784 00:37:11,640 --> 00:37:14,920 Speaker 1: lower cost of insurance keeps that total cost of ownership down. 785 00:37:15,440 --> 00:37:17,440 Speaker 1: And in our show notes will list out those different 786 00:37:17,520 --> 00:37:20,719 Speaker 1: makes and models of our favorites that meet that criteria. 787 00:37:21,040 --> 00:37:22,640 Speaker 1: And just keep in mind that when it comes to 788 00:37:22,800 --> 00:37:25,759 Speaker 1: buying a frugal vehicle, that the reason that we want 789 00:37:25,840 --> 00:37:28,160 Speaker 1: to encourage you to buy a frugal vehicle is not 790 00:37:28,239 --> 00:37:30,640 Speaker 1: because we hate vehicles, but we want you to consider 791 00:37:30,680 --> 00:37:33,480 Speaker 1: the different things that you can do with that money instead. 792 00:37:34,000 --> 00:37:36,760 Speaker 1: Like always, we're trying to challenge ourselves and to challenge 793 00:37:36,800 --> 00:37:39,799 Speaker 1: folks to be thoughtful with your purchases and to make 794 00:37:39,840 --> 00:37:41,960 Speaker 1: sure that you're spending your money in areas of your 795 00:37:42,040 --> 00:37:44,680 Speaker 1: life that matter to you. Yeah, Matt, and for me, 796 00:37:45,239 --> 00:37:47,800 Speaker 1: cars are just point at a point B transportation, and 797 00:37:47,840 --> 00:37:49,759 Speaker 1: so for anyone else that feels that way, I feel 798 00:37:49,800 --> 00:37:52,440 Speaker 1: like this is a good framework for them to consider 799 00:37:52,920 --> 00:37:54,920 Speaker 1: when they're thinking about the next car they're gonna buy 800 00:37:55,080 --> 00:37:58,040 Speaker 1: and drive around for years to come. Cool man, Yeah, 801 00:37:58,040 --> 00:38:00,160 Speaker 1: I couldn't agree more so. Again, we'll have our show 802 00:38:00,200 --> 00:38:03,160 Speaker 1: notes up on our website at how to money dot com. 803 00:38:03,760 --> 00:38:06,120 Speaker 1: And if you like our little show, well, we'd appreciate 804 00:38:06,200 --> 00:38:08,040 Speaker 1: it if you would give us a five star review 805 00:38:08,160 --> 00:38:10,600 Speaker 1: on Apple Podcasts. And if you think Matt and I 806 00:38:10,719 --> 00:38:13,560 Speaker 1: have room for improvement, well we would welcome your feedback 807 00:38:13,600 --> 00:38:15,160 Speaker 1: as well. You can go to how to money dot 808 00:38:15,200 --> 00:38:18,200 Speaker 1: com slash do Better and drop us a line. All right, man, 809 00:38:18,320 --> 00:38:36,319 Speaker 1: Until next time, Best friends out, best friends out, that'd 810 00:38:36,360 --> 00:38:36,719 Speaker 1: do weird