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Speaker 1: Welcome to How the Money. I'm Joel and I and Matt.

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Speaker 1: Today we're discussing affordable used cars and the future of

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Speaker 1: office life. Hey man, I guess what school is out? Also,

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Speaker 1: it's kind of almost felt like it's been out for

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Speaker 1: two months. It's officially out. Yeah, but school has been

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Speaker 1: out for a week, even though it hasn't looked that

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Speaker 1: much different than our day to day lives over the

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Speaker 1: past several months. But I think it has changed the

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Speaker 1: dynamic a little bit. And it is kind of nice

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Speaker 1: that summer's actually here, at least for us down here

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Speaker 1: in the Southeast. And I know it's school system to

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Speaker 1: school system, county by county kind of right now of

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Speaker 1: wind schools wrapping up and yeah, but it's nice. It's

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Speaker 1: nice to have it done. I feel like we're doing

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Speaker 1: more outside exploring because oh, no zoom calls for the kids. Well,

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Speaker 1: all schools are out by Memorial Day, right, No, I

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Speaker 1: don't think so. Really, Yeah, schools are gonna take a

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Speaker 1: long weekend, like right before the schools are out for good. Yeah,

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Speaker 1: it sure does seem like Memorial Day should be the Yeah,

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Speaker 1: it should always be the cut off. If it's not,

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Speaker 1: it should be if we ran the world, you know,

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Speaker 1: that's what would happen, or a school system, which also

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Speaker 1: probably should not happen. We barely know how to run

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Speaker 1: this podcast, Matt, so maybe we'll stick to that. But

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Speaker 1: all right, let's get onto kind of some of the

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Speaker 1: stories that we want to tackle today on the podcast.

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Speaker 1: We're gonna call them round up of stories that we're

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Speaker 1: tackling on Friday shows the Friday Flight for now at

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Speaker 1: least t and uh. It's basically a quick sampling of

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Speaker 1: a bunch of different stories that we found interesting and

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Speaker 1: our goal is to show how the current events actually

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Speaker 1: impact all of our wallets as individuals. Right well, and

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Speaker 1: the reason we're calling it the Friday Flight is because

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Speaker 1: we had to have a little beer tie in, right

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Speaker 1: And if you go to a brewery, typically you get

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Speaker 1: a flight of beers. It's a little sampling of you know,

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Speaker 1: maybe four to six beers whatever, just a few ounces,

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Speaker 1: but it allows you to get a taste of it

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Speaker 1: without you having to commit all in to one specific beer.

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Speaker 1: And so that's why we're calling this the Friday Flight,

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Speaker 1: because it allows us to touch on several little stories

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Speaker 1: that we think are important. Yeah, yeah, exactly, So I

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Speaker 1: love the name. Love that we're gonna be able to

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Speaker 1: tackle a lot of different information on these Friday episodes,

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Speaker 1: even though on Friday episodes that's the only episode that

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Speaker 1: we don't share a beer, which is kind of a bummer. Well, yeah,

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Speaker 1: but we have enough beer in our lives, that is true. So,

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Speaker 1: first story up, Netflix is automatically going to be canceling

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Speaker 1: inactive subscriptions. How cool is that, Matt, Right, that's easy

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Speaker 1: money for the giant streaming provider. So to see them

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Speaker 1: proactively canceling accounts and cutting off that income stream for

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Speaker 1: themselves in order to put money back in consumers pockets,

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Speaker 1: I think it is admirable. I've never heard of any

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Speaker 1: other company doing the upstanding thing and canceling a subscription

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Speaker 1: that's inactive, where where no one's logged into the count

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Speaker 1: they've actually used the service for a year or two.

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Speaker 1: Those typically are the most lucrative. Those are the customers

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Speaker 1: that you want, right, the people that completely forgot that

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Speaker 1: they were paying that monthly bill. Yeah, I think it's

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Speaker 1: super cool. First of all, I think it's interesting whenever

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Speaker 1: a company does something completely different than what all the

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Speaker 1: other similar companies are doing. Uh So that in and

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Speaker 1: of itself is interesting to me. But the fact that

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Speaker 1: it happens to also be something that is better for us.

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Speaker 1: This is in our own best interest, and so does

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Speaker 1: it actually make Netflix a fiduciary because they're you know,

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Speaker 1: they're doing what is better for our personal finances. I

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Speaker 1: love that. And the way it works is that if

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Speaker 1: you've created an account with Netflix and you've never watched anything,

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Speaker 1: you'll get a cancelation notice within a year. But if

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Speaker 1: you have watched videos and you know, TV on Netflix,

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Speaker 1: then it'll be two years before you get that cancelation notice.

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Speaker 1: I think in an era where we all are probably

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Speaker 1: subscribed to too many things, this is a breath of

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Speaker 1: fresh corporate air. Yeah. And I think too, it's important

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Speaker 1: for people to note if they do have, like you said,

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Speaker 1: probably a lot of reoccurring subscriptions that they've forgotten about.

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Speaker 1: Come through your credit card statement and and see what

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Speaker 1: sort of subscriptions that you do have their active and

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Speaker 1: you're like, oh, man, I haven't used that in a

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Speaker 1: long time. Oh I still have that showing up on

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Speaker 1: my doorstep. Yeah, I don't really care about that anymore.

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Speaker 1: It's a perfect reminder that we should be canceling our

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Speaker 1: own subscriptions that we're not using anymore. But if you forget,

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Speaker 1: in the case of Netflix, at least they're gonna do

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Speaker 1: you a solid if you if you haven't logged in

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Speaker 1: quite a bit. About another interesting thing I saw this week.

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Speaker 1: I think we've all seen a few awkward advertisements at

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Speaker 1: this point in the lockdown in quarantine. And there was

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Speaker 1: an interesting article in Slate. There was another one in

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Speaker 1: The New York Times, kind of covering what we're all thinking,

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Speaker 1: at least to a certain degree, that some of the

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Speaker 1: ads we're seeing on TV and streaming services right now,

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Speaker 1: they've they've gotten just a little bit weird, right, They're

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Speaker 1: definitely not normal. And companies, I think are doing their

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Speaker 1: best to speak to the moment right there, saying things

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Speaker 1: like we're all in this together, or they're touting their

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Speaker 1: increased cleaning procedures. Some of those things are helpful to

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Speaker 1: know the whole handwatching things like wait, you should always

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Speaker 1: be washing your hands, you know. I washed my hands

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Speaker 1: for a half hour though now, so yeah, And and

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Speaker 1: the zoom call humor seems to be a current favorite

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Speaker 1: too for a lot of brands. And I gotta say

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Speaker 1: I might be ready to go back to normal, every

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Speaker 1: day crummy brand ads. It's interesting to see how these

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Speaker 1: companies are trying to at least speak to the moment

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Speaker 1: and do something a little different. And I understand the

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Speaker 1: necessity of it, but I think, you know, most of

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Speaker 1: us have noticed that ads have gotten a lot more awkward.

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Speaker 1: It's kind of tough to hit that right note in

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Speaker 1: advertising these days. Yeah, there definitely have been some some

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Speaker 1: big misses. I'll say that, but I don't know. Maybe

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Speaker 1: it's because of my history, like my past being in

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Speaker 1: the advertising industry, But to me, like they're not all

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Speaker 1: that awkward, Like they are a reflection of just the

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Speaker 1: world we live in, which is I think maybe why

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Speaker 1: it does feel weird. It's not what we're used to seeing,

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Speaker 1: and I think we're already for this to basically I'll

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Speaker 1: be over right, And so when we see it sort

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Speaker 1: of reflected back to us on TV via these ads,

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Speaker 1: especially television ads, that's what feels weird, right, But the

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Speaker 1: way I see it, advertising is typically a reflection of society,

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Speaker 1: and so they use that to communicate a message to us,

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Speaker 1: or you know, just to convince us to buy their stuff,

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Speaker 1: which is often the case but when we do see

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Speaker 1: something on there that isn't what we want to see,

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Speaker 1: that's when it feels awkward, right, because it's just like, oh,

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Speaker 1: I don't want that to be my life. It makes

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Speaker 1: it feel that it's maybe more permanent than we want

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Speaker 1: it to be. I think that's what feels weird about

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Speaker 1: it to me. To me, that's the craziest part is

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Speaker 1: when we start asking the questions of how long is

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Speaker 1: this is actually going to be impacting us? Uh, to

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Speaker 1: where it's just kind of normal and we see an

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Speaker 1: advertisements like that. But but yeah, I mean that was

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Speaker 1: a pretty funny article. Another article we came across was

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Speaker 1: one that was on food delivery apps. A lot of

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Speaker 1: us are familiar with Postmates, grub Hub, but they can

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Speaker 1: take a really big piece of the pie when it

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Speaker 1: comes to the total cost, right uh. Local restaurants, they're

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Speaker 1: starting to kick them to the curb. Those delivery apps

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Speaker 1: are booming right now though, as more folks are opting

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Speaker 1: for home delivery. But those apps do take a giant

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Speaker 1: cut of the individual restaurant bottom lines. You know, when

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Speaker 1: this was only a small portion of restaurant revenue. Partnering

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Speaker 1: with these apps made a lot of sense for the

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Speaker 1: different restaurants, but with take out being the sole income

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Speaker 1: producer right now, though a lot of restaurants are creating

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Speaker 1: their own online order taking in delivery systems to cut

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Speaker 1: out that expensive middleman. Yeah, mat out of necessity. Restaurants

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Speaker 1: have basically had to do this because what between ten

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Speaker 1: and thirty of the amount that you're spending is going

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Speaker 1: to the delivery apps like Uber eats or grub hub

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Speaker 1: or whatever. And so yeah, restaurants have to fight back,

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Speaker 1: and they have to to claud back that money by

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Speaker 1: by enabling you to order directly through them via their website.

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Speaker 1: So I would say, look to order directly from your

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Speaker 1: favorite restaurant instead, so that they will get all of

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Speaker 1: that money, even if they are on one of those

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Speaker 1: apps which which make it easy, and maybe go pick

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Speaker 1: it up instead of opting for delivery. I know, sometimes

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Speaker 1: that can save the restaurant's money too. Well, yeah, that's

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Speaker 1: the biggest cost, right, the fact that it's delivered to you, which, dude,

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Speaker 1: I've never really understood the the delivery apps, you know,

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Speaker 1: like especially with folks working from home, Like, aren't folks

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Speaker 1: looking for an opportunity to get out of their house

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Speaker 1: and do something. And it's a pretty safe activity to

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Speaker 1: pick up you know, take out food. Absolutely, it's just

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Speaker 1: a change of scenery at the very least. I know

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Speaker 1: for me as someone who's worked from home for over

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Speaker 1: ten years, like having something different to do to kind

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Speaker 1: of break up the day is you know, welcomed, and

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Speaker 1: so I think hopping in the car or even better,

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Speaker 1: getting on your bike and just biking there to pick

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Speaker 1: up your food. Man, in my mind, that's way better

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Speaker 1: than going with the food delivery service. I'm with you, man,

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Speaker 1: I've never gotten on board either. I mean, it's simple,

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Speaker 1: it's easy, that's why people do it, But the cost

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Speaker 1: is prohibitive for the restaurants and for you it it

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Speaker 1: adds in a lot of a lot of extra costs

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Speaker 1: to your takeout order if you choose to get it delivered. Yeah,

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Speaker 1: Like it just seems like it's solving a problem that

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Speaker 1: isn't a real problem. Like certainly there are some individuals

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Speaker 1: who might be homebound, right and it's like a true

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Speaker 1: service that they need. But for everyone else, I feel

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Speaker 1: like it's just they're out of convenience. It's like, oh,

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Speaker 1: I've got the SAP on my phone, let me just

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Speaker 1: browse the food. Oh there's food at my door. Cool,

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Speaker 1: you know exactly. It's like the digital equivalent of kind

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Speaker 1: of like going to your fridge and just like opening

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Speaker 1: the door and staring at it for a little bit

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Speaker 1: like kids like to do. Let me too sometimes. But yeah,

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Speaker 1: and on the restaurant note, Matt as well, COVID searcharges

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Speaker 1: are kind of becoming more and more common, and that's

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Speaker 1: because two of lower profits and increased costs of running

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Speaker 1: a business. Right now, you might see many prices increasing,

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Speaker 1: or you might actually even see a line item on

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Speaker 1: your bill that reflects this need for an additional fee

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Speaker 1: right now. It might even be called a COVID fee

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Speaker 1: or a coronavirus fee. And other small businesses are facing

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Speaker 1: similar issues of being able to serve fewer customers at

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Speaker 1: a time, increased cleaning costs, stuff like that. So if

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Speaker 1: you see one of those line items, it's okay to

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Speaker 1: ask about it. But also know that a lot of

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Speaker 1: businesses have to raise their prices right now because of

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Speaker 1: the pandemic and because of how difficult it's been to

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Speaker 1: actually continue to do business and function like normal. Yeah,

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Speaker 1: these higher prices and search charges, man like it is

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Speaker 1: for additional work involved right with maintaining clean spaces and

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Speaker 1: the cost of protective equipment and cleaning supplies. I saw

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Speaker 1: in an article that there's a dentist in New York City.

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Speaker 1: He estimates that his costs have risen between twenty five

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Speaker 1: and fifty dollars per patient visit because of the equipment

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Speaker 1: he now uses. And here's the thing too, I think

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Speaker 1: these higher costs are not just okay, but like good

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Speaker 1: and necessary, right, Like I want to see businesses taking

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Speaker 1: the precautions and the steps necessary to make sure that

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Speaker 1: their employees and obviously customers as well, that they're safe.

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Speaker 1: The other thing, though, is I think these higher costs

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Speaker 1: will also kind of challenge the idea that, you know,

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Speaker 1: as consumers, that we should always be able to get

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Speaker 1: what we want for less money. I think the natural

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Speaker 1: outcome here is that we're gonna maybe end up consuming less,

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Speaker 1: which I see is as a good thing versus just

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Speaker 1: mass consumption because things are cheap and easy, you know.

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Speaker 1: I think you make a good point, and if it

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Speaker 1: makes us think, do a double take and think about

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Speaker 1: our spending and makes a be a little more thoughtful,

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Speaker 1: I think that's a good thing. I mean so there

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Speaker 1: was something else too that was the fascinating me This week.

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Speaker 1: I was reading about chatbots and artificial intelligence and how

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Speaker 1: so many businesses are having to resort to that for

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Speaker 1: customer service instead of traditional call centers because a lot

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Speaker 1: of those call centers are closed right now, And can

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Speaker 1: anyone really be mad about that? Like how much easier

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Speaker 1: it is it to use a chatpot anyway than to

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Speaker 1: call customer service line? Right? And typically I feel like

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Speaker 1: you get better customer service that way. I just use

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Speaker 1: a chatpot this morning and it was great. So, yeah,

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Speaker 1: what would you call? So it was Amazon on something

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Speaker 1: we talked about, the Prime membership refund. I finally reached

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Speaker 1: out to them and I was like, hey, I need

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Speaker 1: some of my money back because of the delays and shipment,

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Speaker 1: and they gave me. They dropped me twenty bucks. I

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Speaker 1: know some some of our listeners have gotten even more,

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Speaker 1: but I only got twenty still worth a call, yeah, yeah, yeah,

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Speaker 1: not too bad. And I think we are going to

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Speaker 1: see this becoming the norm, right as as as AI

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Speaker 1: becomes more ubiquitous and technology improves, just like a lot

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Speaker 1: of companies are investing big money into work from home

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Speaker 1: software right now. The same as happening for companies whose

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Speaker 1: call centers have been temper early shut down. So I

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Speaker 1: would say expect to see more and more chatbots as

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Speaker 1: your main interface, your main way to be able to

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Speaker 1: get customer service from the companies you do business with. JEL,

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Speaker 1: you mentioned, you know, these offices being temporarily shut down,

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Speaker 1: like some of these office closures may not be temporary,

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Speaker 1: you know, like these jobs for those might morph into

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Speaker 1: actual formal layoffs. Uh. And even as things continue to

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Speaker 1: improve from a health standpoint, like the economic impacts are

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Speaker 1: going to be with us for a long time and

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Speaker 1: a I and chatbots, you know, they're gonna be a

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Speaker 1: way for call centers to reduce costs. Since paying humans

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Speaker 1: is way more expensive than software. These organizations, they're gonna

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Speaker 1: continue to feel the pressure to keep their operations lean

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Speaker 1: and expenses low, and you know, utilizing technology is a

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Speaker 1: way to accomplish that. And I think this is only

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Speaker 1: going to continue to be the case too as this

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Speaker 1: technology improves and we're not even aware that we're talking

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Speaker 1: to a computer. This technology has advanced so much that

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Speaker 1: it really does sound like we're talking to a person.

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Speaker 1: It's it's better than talking to the digital assistance on

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Speaker 1: our phones and in our modules at home. I won't

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Speaker 1: say their names that way, they don't activate if you're

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Speaker 1: listening to this a loud But yeah, that technology has

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Speaker 1: gotten so good. Yeah, it's true. It'll be interesting to

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Speaker 1: see what what the long term effects on call centers

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Speaker 1: are as this technology improves. And of course something like

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Speaker 1: coronavirus is just going to rapidly accelerate shifts that were

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Speaker 1: already in place that we're already going to happen, but

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Speaker 1: it just wasted up the timeline. It seems like so

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Speaker 1: on that notemat of things being sped up. It brings

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Speaker 1: up an interesting question, is the physical office dead? And

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Speaker 1: are people actually going to go back to workplaces in

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Speaker 1: the near future? And that's something on a lot of

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Speaker 1: people's minds. Let's tackle of that and then get to

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Speaker 1: following used car prices right after the break. All right,

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Speaker 1: so we're back from the break and we're talking about

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Speaker 1: the future of work. You know, we're asking the question

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Speaker 1: is the physical office dead? Like will workers need to

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Speaker 1: actually commute in the future or are we all going

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Speaker 1: to be working from home? Twitter they recently made it

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Speaker 1: possible for employees to work from home Forever. The same

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Speaker 1: for employees of Square and you know they make the

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Speaker 1: really great cash. Same CEO for both companies, by the way,

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Speaker 1: Oh yeah, yeah, you can see some parallels and how

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Speaker 1: he's running both of those companies. Right. Companies all across

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Speaker 1: the country are rethinking how much office space that they'll

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Speaker 1: need or whether or not they need needed at all.

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Speaker 1: You know, like Alphabet or you know, the parent company

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Speaker 1: of Google. They have backed out of tons of deals

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Speaker 1: to get massive amounts of office space, like millions of

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Speaker 1: square feet, and so that additional space, that's something that

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Speaker 1: they are not pursuing, at least for the time being.

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Speaker 1: And Matt, I know you were just talking to a

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Speaker 1: buddy ours who works in a big commercial real estate firm,

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Speaker 1: and a lot of people have been predicting the demise

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Speaker 1: of commercial real estate because of this. So yeah, what

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Speaker 1: was your conversation like with him and what's your take

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Speaker 1: on that? Yeah? Man, a friend of ours, David, he

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Speaker 1: works for this massive commercial real estate firm and he's

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Speaker 1: part of like the research division. So this is you

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Speaker 1: know what he breathes and lives every single day. He's

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Speaker 1: always looking at the future. Yeah, yeah, seriously, But in

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Speaker 1: his company they believe that the immediate need for commercial

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Speaker 1: space will roughly stay the same because a lot of

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Speaker 1: folks are gonna want to get back into the office

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Speaker 1: after working from home since they kind of miss out

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Speaker 1: on the collaboration you know that takes place there. So

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Speaker 1: a couple of at with the need for offices to

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Speaker 1: become less dense, you know, with more space between workstations,

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Speaker 1: this should roughly keep things where they are. But man,

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Speaker 1: what we're seeing though long term is, you know, what

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Speaker 1: it looks like to go back to work has changed

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Speaker 1: for a lot of companies as they're being forced to

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Speaker 1: implement new policies and how employees, how they're learning how

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Speaker 1: to effectively work from home. That's a really good point.

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Speaker 1: I hadn't really thought about commercial real estate that as

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Speaker 1: workers come back in, you do actually require more space

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Speaker 1: because people are going to feel comfortable working on top

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Speaker 1: of each other, maybe like they were in an open

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Speaker 1: office environment just a few months ago. And so yeah,

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Speaker 1: I can see actually companies needing a little bit more space,

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Speaker 1: or at least even if they have that flexible work

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Speaker 1: from home, they're gonna at the same time probably have

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Speaker 1: to limit how many people can come into the office.

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Speaker 1: When the office does reopen, and they're going to spread

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Speaker 1: people out, So yeah, maybe they will continue to use

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Speaker 1: all that space even though they're not craming as many

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Speaker 1: people into that space. But of course we'll keep following

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Speaker 1: kind of what's going to happen with the office environment

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Speaker 1: and how that impacts all of us and all of

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Speaker 1: our work labs in the coming months. But amount another

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Speaker 1: thing we really need to talk about is that used

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Speaker 1: car prices have gone down quite a bit. Sales in

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Speaker 1: April were down almost thirty five and prices plummeted roughly

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Speaker 1: twelve percent. But from all indications, this seems to be

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Speaker 1: like a temporary effect that was mostly due to the shutdown.

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Speaker 1: And of course it makes sense that when there's a

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Speaker 1: global health and economic crisis, most people aren't looking to

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Speaker 1: go out and drop fifteen thousand bucks in a local

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Speaker 1: used car lot. But now that the initial shock of

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Speaker 1: the pandemic is kind of behind us, it's important to

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Speaker 1: note that used car prices have gone down, and if

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Speaker 1: you're looking to score a new to you used vehicle,

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Speaker 1: well you might want to take advantage of the low

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Speaker 1: prices right now. These used car discounts are not gonna

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Speaker 1: last forever. But they are in this really interesting sweet

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Speaker 1: spot where prices have gone down a good bit for

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Speaker 1: people who are in the market for for a newer

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Speaker 1: used car. Yeah, in general, used cars are almost always

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Speaker 1: going to be the best bet for folks who are

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Speaker 1: looking to to save money when they're looking for a

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Speaker 1: new to them vehicle. This shift, and really, you know,

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Speaker 1: the volatility in this pricing makes shopping around even more

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Speaker 1: important in order to make sure that you're scoring a

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Speaker 1: good price. You don't want to overpay. You don't want

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Speaker 1: to pay januaries rate for or you know a vehicle

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Speaker 1: that you're now purchasing in May. So when the prices

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Speaker 1: are really volatile like that, make sure that you're aware

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Speaker 1: of what the going rates are. And don't forget too

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Speaker 1: to have that use car inspected by a mechanic before

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Speaker 1: you make that purchase. That seventy five bucks I could

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Speaker 1: save you a massive amount of money. Um, and you

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Speaker 1: know the headaches as well. Uh, skipping that step on

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Speaker 1: that front end, that would definitely be an example of

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Speaker 1: being cheap not frugal. I completely agree man, that money

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Speaker 1: is totally worth it, because yea buying a car that

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Speaker 1: has a lot of issues man, how much of a

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Speaker 1: pain is that over time? Not to mention the money

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Speaker 1: and cost. It makes me think of inspections that we

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Speaker 1: get on our houses before we buy them, right, Like,

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Speaker 1: that's just a mandatory standard process of purchasing a home.

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Speaker 1: But I mean vehicles obviously they're not as expensive as homes,

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Speaker 1: but they're pretty day expensive. But it's just not a

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Speaker 1: step that most of us take, and it's definitely something

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Speaker 1: we need to implement. Yeah, completely. And there was actually

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Speaker 1: a study recently done about the increase in used car affordability.

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Speaker 1: This website I see cars dot com. They curren to

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Speaker 1: the numbers on over six million used cars that were

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Speaker 1: sold in the past several months, and they found out

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Speaker 1: what makes and models are experiencing the biggest price to

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Speaker 1: fines and therefore the best deal for you. Right So,

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Speaker 1: they have a list of the best affordable used cars

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Speaker 1: that will link to in the show notes. But if

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Speaker 1: you want to know real quick, the best used cars

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Speaker 1: for under ten thousand bucks Honda Civic eleven, Honda Accord,

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Speaker 1: and the two thousand twelve Chevy Impala. Nice Well, I

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Speaker 1: was surprised to see that Toyota wasn't in the top

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Speaker 1: three you know, I think maybe Toyota has created too

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Speaker 1: good of a name for itself and it's kind of

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Speaker 1: driven the price up a little bit, whereas maybe Honda

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Speaker 1: is a little undervalued. Yeah yeah, And I was surprised

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00:17:27,400 --> 00:17:28,920
Speaker 1: to see that too. And it turns out, yeah, that

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Speaker 1: that's in particular for some reason, is Civic. The prices

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Speaker 1: have gone way down and it is on the list

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Speaker 1: of most affordable used cars at the same time. So

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Speaker 1: that's a good car for people to look at if

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Speaker 1: that works for how you drive, and then you might

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Speaker 1: be wondering where to look if you are in the

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Speaker 1: market for use car, well, if you're winning something that's

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Speaker 1: maybe virtually new, you can get a good discount with

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Speaker 1: the car rental company like Hurts, Avis or Enterprise, as

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Speaker 1: they regularly sell cars in their fleets. With so many

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Speaker 1: fear folks traveling these days, these companies have taken a

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Speaker 1: serious hit. You know, nobody is running a car in

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Speaker 1: last Friday. Hurts they actually filed for bankruptcy and experts

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Speaker 1: in the industry they are expecting them to sell off

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Speaker 1: a huge portion of its fleet. But if you do

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Speaker 1: go that route, definitely make sure to not skip the

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Speaker 1: mechanic if you're gonna, you know, purchase the vehicle straight

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Speaker 1: from a rental company. Yeah, we all know how we've

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Speaker 1: handled rental cars in the past, and you know, it

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Speaker 1: hasn't always been beautiful. It hasn't always been pretty. People

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Speaker 1: tend to drive rental cars a little more aggressively than

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Speaker 1: they drive their own vehicles, right, Yeah, man, Unfortunately that's true. Yeah,

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Speaker 1: so you can't take extra caution when you're buying one

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Speaker 1: of those. But if you're looking at other places for

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Speaker 1: to buy a used car, CarMax and Carbona are just

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Speaker 1: awesome if you want pretty new used cars. And I

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Speaker 1: have a feeling companies like those with delivery services are

432
00:18:38,119 --> 00:18:40,560
Speaker 1: gonna fare even better. Right now. The way Carbonna and

433
00:18:40,600 --> 00:18:43,000
Speaker 1: Carmacks bring the car to you, it's just such a wonderful,

434
00:18:43,040 --> 00:18:45,560
Speaker 1: pleasant experience. I think people are super up for that,

435
00:18:45,640 --> 00:18:47,640
Speaker 1: even more so now in today's age. But just folks

436
00:18:47,640 --> 00:18:49,040
Speaker 1: don't want to have to do the handshake, you know.

437
00:18:49,080 --> 00:18:50,359
Speaker 1: I think when you expect to go to like a

438
00:18:50,359 --> 00:18:52,280
Speaker 1: car lot or somewhere in person we're going to buy

439
00:18:52,320 --> 00:18:54,400
Speaker 1: a car, you feel that a handshake should be part

440
00:18:54,400 --> 00:18:56,359
Speaker 1: of the deal. No longer, no more. I think we

441
00:18:56,400 --> 00:18:58,879
Speaker 1: have to accept that that doesn't necessarily need to be

442
00:18:58,960 --> 00:19:01,600
Speaker 1: a part of the transaction anymore, just a nice little

443
00:19:01,640 --> 00:19:03,840
Speaker 1: signature here and there, say thank you and get out

444
00:19:03,880 --> 00:19:05,920
Speaker 1: of there. Yeah. And if you're looking for even cheaper

445
00:19:05,960 --> 00:19:08,320
Speaker 1: use cars, right, which Matt, you and I are totally

446
00:19:08,400 --> 00:19:11,159
Speaker 1: up for, Craigslist and Facebook Marketplace are still two of

447
00:19:11,200 --> 00:19:13,280
Speaker 1: the top places for people to go to to search

448
00:19:13,359 --> 00:19:16,760
Speaker 1: for used cars that are even cheaper, because why trop

449
00:19:16,800 --> 00:19:19,040
Speaker 1: twenty or twenty five thousand dollars for a used car

450
00:19:19,240 --> 00:19:21,440
Speaker 1: when you can get something really solid for under ten

451
00:19:21,440 --> 00:19:24,240
Speaker 1: thousand bucks. Just like that, I see cars list explains

452
00:19:24,280 --> 00:19:26,760
Speaker 1: there are great cars for under ten thousand bucks that

453
00:19:26,880 --> 00:19:28,640
Speaker 1: you can buy, and those are the kind of cars

454
00:19:28,680 --> 00:19:31,359
Speaker 1: that car Max and carbon It just don't typically specialize in.

455
00:19:31,640 --> 00:19:33,880
Speaker 1: So if you're looking for something less expensive that works

456
00:19:33,920 --> 00:19:36,159
Speaker 1: for how you drive, Craigslist and Facebook marketplaces or two

457
00:19:36,200 --> 00:19:38,520
Speaker 1: places to go to search. Man, that makes me think

458
00:19:38,600 --> 00:19:40,920
Speaker 1: of the need to eventually have multiple vehicles in our

459
00:19:40,920 --> 00:19:43,400
Speaker 1: own personal families fleets. You know, as our kids get older.

460
00:19:43,400 --> 00:19:45,320
Speaker 1: We've got a lot of kids between us, between you guys,

461
00:19:45,320 --> 00:19:47,520
Speaker 1: between us. If you're looking at ten thousand dollar vehicles,

462
00:19:47,520 --> 00:19:49,600
Speaker 1: that's a lot of money. It's tied up and depreciating

463
00:19:49,600 --> 00:19:51,479
Speaker 1: assets sitting out on the street. I think things are

464
00:19:51,480 --> 00:19:54,280
Speaker 1: gonna change so much though, and from between now and

465
00:19:54,320 --> 00:19:56,840
Speaker 1: when our kids are actually getting ready to drive on

466
00:19:56,880 --> 00:19:59,040
Speaker 1: the road one, I don't even know if they're gonna

467
00:19:59,040 --> 00:20:01,040
Speaker 1: want to drive, And then too, I think they're gonna

468
00:20:01,040 --> 00:20:03,480
Speaker 1: be so many other options, including who knows self driving

469
00:20:03,480 --> 00:20:04,879
Speaker 1: cars in the next ten years. Are they going to

470
00:20:04,920 --> 00:20:07,679
Speaker 1: get good enough to where our kids are just literally

471
00:20:07,720 --> 00:20:09,399
Speaker 1: calling a self driving car to pick them up and

472
00:20:09,400 --> 00:20:11,360
Speaker 1: take them where they want to go. I could totally

473
00:20:11,400 --> 00:20:12,760
Speaker 1: see that as our future. That would be like the

474
00:20:12,800 --> 00:20:15,200
Speaker 1: new subscription model. You're you pay to be a part

475
00:20:15,200 --> 00:20:17,159
Speaker 1: of the service, and it gets you access to wheels

476
00:20:17,160 --> 00:20:18,960
Speaker 1: whenever you want it, so many miles a month via

477
00:20:18,960 --> 00:20:22,600
Speaker 1: your smartphone or watch or whatever people are really into. Then, man,

478
00:20:22,640 --> 00:20:25,040
Speaker 1: things are things are changing quick. And I wouldn't necessarily

479
00:20:25,080 --> 00:20:26,840
Speaker 1: call call us visionaries. I don't think we can be

480
00:20:26,880 --> 00:20:29,840
Speaker 1: considered futurists, but maybe those are some light predictions from US. YEP,

481
00:20:29,920 --> 00:20:31,880
Speaker 1: self driving in the next ten years. I'm gonna say

482
00:20:31,920 --> 00:20:33,960
Speaker 1: it's definitely on the table. All right, Well, man, that's

483
00:20:33,960 --> 00:20:35,840
Speaker 1: gonna be it for this episode. We'll we'll put our

484
00:20:35,840 --> 00:20:38,080
Speaker 1: show notes up on the website at how to money

485
00:20:38,119 --> 00:20:40,680
Speaker 1: dot com. Our buddy until next time. Best friends out,

486
00:20:40,680 --> 00:20:41,800
Speaker 1: Best Friends Out,