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Speaker 1: Welcome to How the Money. I'm Joels, I am Matt

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Speaker 1: and today we're talking killer five thousand dollar cars and

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Speaker 1: the future of evs with Consumer Reports is Mike Quincy. Yeah,

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Speaker 1: aside from buying a home, buying a car, it's one

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Speaker 1: of the most expensive one time purchases that we make.

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Speaker 1: You know, this is a part of the reason why

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Speaker 1: we spend a decent amount of time talking about cars

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Speaker 1: here on the show. Over of American household budgets are

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Speaker 1: spent on transportation. So yeah, get this one decision right

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Speaker 1: and you'll have a massive boost to your personal finances.

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Speaker 1: And that is why we are excited to have Mike

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Speaker 1: Quincy joining us today. Mike, he is a car specialist,

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Speaker 1: maybe a car nut. He's been with Consumer Reports now

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Speaker 1: for nearly thirty years. He participates in the hands on

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Speaker 1: car testing that they do. He appears regularly on Consumer

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Speaker 1: Reports Talking Cars podcast. Uh, and he basically knows like

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Speaker 1: like virtually all someone can know about when it comes

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Speaker 1: to new and use cars. He definitely knows more about

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Speaker 1: cars than I do. And so, Mike, we are excited

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Speaker 1: to talk about all of that and more with you today.

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Speaker 1: Thanks for coming on the podcast. Thanks so much for

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Speaker 1: having me on. I'm always happy to talk about cars

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Speaker 1: and consumer reports. Nice Mike. We're glad to have you

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Speaker 1: because we are big fans of Consumer Reports because it's just, yeah,

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Speaker 1: this wonderful service really to consumers across the country, helping

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Speaker 1: us know with unbiased advice what purchasing decisions are good

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Speaker 1: for us. But our first question for every guest who

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Speaker 1: comes on the show is what's your craft beer equivalent?

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Speaker 1: Because Matt and I we splurge on craft beer. We

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Speaker 1: like to spend money on it while we're saving and

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Speaker 1: investing well for the future. Drinking one now, So what

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Speaker 1: do you do? What do you spend money on? Maybe

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Speaker 1: that someone Some people might say, oh, Mike's a little crazy,

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Speaker 1: he spens a little too much on that one category,

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Speaker 1: but you're like, no, it's well worth it. And I'm

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Speaker 1: still I'm doing the other smart stelf for my personal

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Speaker 1: finances at the same time, well to kind of stay

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Speaker 1: on brand. I suppose a splurge when it comes to

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Speaker 1: cars would be heated seats or heated steering wheel. Here

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Speaker 1: in the Northeast, that's a big deal, but maybe down

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Speaker 1: in Atlanta it would be cooled seats or vented seats

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Speaker 1: as as the manufacturers like to call them us. That's

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Speaker 1: I mean, it's one of those things that makes driving

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Speaker 1: a lot nicer, more comfortable, and it's a nice feature

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Speaker 1: to have, so I guess I would call it that

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Speaker 1: a splurge. But but to keep with your craft beer theme,

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Speaker 1: I used to be into beer. I've I've moved on

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Speaker 1: to cocktails right now. If anyone has seen my my

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Speaker 1: Facebook page, I'm a big martini maker. I love craft cocktails.

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Speaker 1: I left a good bourbon. So if you wanted to,

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Speaker 1: you know, to leave a really nice bottle of Citadel

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Speaker 1: at my doorstep or like ten year old Scotch, that

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Speaker 1: would be really cool. All right, Okay, good hanging with Mike. Yeah, alright, Mike,

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Speaker 1: I got a question for you on the on the

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Speaker 1: heated seats front. I is it BMW that's gonna do

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Speaker 1: the subscription model for heated seats. How do you feel

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Speaker 1: about that? Sort of like, yeah, the hardware is already,

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Speaker 1: but then you gotta pay on a subscription monthly basis

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Speaker 1: or something like that. Does that annoy you or do

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Speaker 1: you think that that's just okay? I think that really

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Speaker 1: annoys me because you cannot say, well, you're you're not

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Speaker 1: hearing about BMW lowering the price of their car, are they?

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Speaker 1: So you're you're you're paying for the hardware, you're paying

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Speaker 1: for the software, and now you have to pay to

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Speaker 1: actually use it. I think that's crazy. I mean, the

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Speaker 1: guys said, well, this month, we're not going to let

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Speaker 1: you use your transmission unless you pay us. I mean,

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Speaker 1: it just it doesn't It doesn't make its basically, And

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Speaker 1: you know, you guys, you guys know everything about money,

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Speaker 1: and you know that the market will will will make

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Speaker 1: decisions for manufacturers. Sometimes I hope the market pushes back

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Speaker 1: and says, you're nut. So I'm not. I'm not paying

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Speaker 1: it to to use something I've already paid for and

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Speaker 1: go into your cool seats here in Atlanta. I have

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Speaker 1: written in a car that's had those events, and it's

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Speaker 1: like the most magical thing you've ever experienced. It feels

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Speaker 1: like of it. Yeah, it's it's wonderful. You stay nice

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Speaker 1: and cool down down below that. Uh, Mike, you know,

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Speaker 1: we kind of dug into your biography basically, and on

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Speaker 1: the site upon Consumer Reports, it mentions that you are

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Speaker 1: a part of some fundraising bike rides you've participated in

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Speaker 1: and those were big fans of biking. It's a it's

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Speaker 1: kind of a core I don't know, is it a

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Speaker 1: core pillar of of how the money? It's actually a

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Speaker 1: part of our lifestyle. So it sounds like you're not

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Speaker 1: only a fan of four wheeled vehicles, but but two

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Speaker 1: as well. Can you share a little bit about that. Sure. Unfortunately,

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Speaker 1: my family has been hit hard with with cancer. My

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Speaker 1: father and mother both died of pancreatic cancer. My sister

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Speaker 1: is a survivor of breast cancer, but never Many years ago,

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Speaker 1: some friends of mine got together and joined this group

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Speaker 1: called the Pan Mass Challenge. And this was run by

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Speaker 1: a guy named Billy Starr who lost his mother to

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Speaker 1: cancer back in like nineteen seventy nine, and he and

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Speaker 1: his friends wanted to do something, so they rode their

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Speaker 1: bikes across Massachusetts, um you know, from from west to

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Speaker 1: east and raised money for cancer. And he's been doing

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Speaker 1: it ever since and um get the Pandmass Challenge cancer

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Speaker 1: fundraiser is the largest source of of of money for

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Speaker 1: the Dana Farber Cancer Institute, which is one of the

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Speaker 1: premier cancer research places and and and places for people

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Speaker 1: to get recovery and survival rates and and all that.

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Speaker 1: So it's it's a really good cause. It's a hundred

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Speaker 1: ninety miles over two days from from Sturbridge, Massachusetts to

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Speaker 1: the end of Cape Cod called a little town called Provincetown.

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Speaker 1: And it's awesome because it's supported. It's fully supported by

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Speaker 1: the PMC folks, but more often, but more than that,

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Speaker 1: it's supported by the people that live along the bike route.

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Speaker 1: So at six o'clock in the morning, people are outstanding

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Speaker 1: at the ends of their driveways clap on their hands

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Speaker 1: for us and bike riders and our our spandex and

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Speaker 1: obnoxious colored jerseys and whatnot. The times of the ride way,

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Speaker 1: I'm feeling tired and hot. It's always like the hottest

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Speaker 1: summer of the hottest weekend of the summer. Somebody is

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Speaker 1: out there cheering me on and they've got a sign

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Speaker 1: holding up stick. I'm I'm here because of you, um,

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Speaker 1: because I got treated Dana Farber. So, yeah, thanks for asking.

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Speaker 1: It definitely is near and dear to my heart. That

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Speaker 1: is that's really cool. Thanks for sharing. And yeah, it's

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Speaker 1: amazing how much a cheering section can motivate you to

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Speaker 1: keep going when you're like just reout ready to quit. Uh,

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Speaker 1: I guess I would love to know what it's like

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Speaker 1: to work at a place like Consumer Reports. You've been

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Speaker 1: there for almost thirty years, and they have this rich

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Speaker 1: consumer driven mission that I alluded to earlier, Like, what's

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Speaker 1: it like to work at a place that has, at

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Speaker 1: least from the outside, this mission that is just like

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Speaker 1: second to none. It's and it feels like the mission

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Speaker 1: really hasn't shifted across the decades either. They've really stayed

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Speaker 1: it's true to the mission of serving consumers. I think

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Speaker 1: we've worked hard to kind of move the needle. So

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Speaker 1: whether it's car safety, better fuel efficiency, we have put

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Speaker 1: pressure on the manufacturers to make their cars better because

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Speaker 1: they want a coveted you know, Consumer Reports recommended check

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Speaker 1: mark next to their their making model on our ratings

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Speaker 1: and and it means a lot to them. And I

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Speaker 1: think what I've seen over the years is I think

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Speaker 1: Consumer Reports had a very kind of almost a stand

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Speaker 1: office relationship with the manufacturers. We didn't want to hear

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Speaker 1: from them, they didn't want to hear from us. It

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Speaker 1: was like, you know, it was like it was like enemies.

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Speaker 1: And and over like the last twenty years, management has

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Speaker 1: really said, you know, listen let's talk to these guys.

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Speaker 1: Let's let's share our information with them. And we're not

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Speaker 1: gonna let them like watch us test. We're not going

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Speaker 1: to share empirical data with them. But but but when

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Speaker 1: they when we've tested one of their models and there's

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Speaker 1: an issue, let's talk to them before we published it

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Speaker 1: so they're not caught off guard. And and we've we've

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Speaker 1: done that really successfully. We've contacted We contacted Tesla after

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Speaker 1: we've tested a whole bunch of Tesla models, but one

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Speaker 1: of them had really bad at breaking distances, and we

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Speaker 1: contacted My boss actually spoke with Elon Musk and he's liked,

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Speaker 1: all right, this is what's going on. This is what

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Speaker 1: we find. And they went back and they looked at

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Speaker 1: their software and they didn't over the air update and

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Speaker 1: and lo and behold we retested and it got better.

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Speaker 1: So they made the car better. And I think that's

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Speaker 1: what Consumer Reports Mission really is trying to do, trying

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Speaker 1: to make the products safer. Uh, they're affordable. We're realistic

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Speaker 1: about you know, were I know we're gonna be talking

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Speaker 1: about evs and and they are. You know, I'm gonna

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Speaker 1: have you know, good news and bad news about evs

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Speaker 1: um and and and and so we're seeing that, you know,

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Speaker 1: the evolution of of the automotive marketplace, and definitely evs

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Speaker 1: are part of it. But we also know that not

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Speaker 1: everyone can afford a Tesla or or an Audi E

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Speaker 1: Tron or or Mercedes e q S which is like

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Speaker 1: a hundred and twenty five thousand dollars. So there has

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Speaker 1: to be alternatives for people on the on the lower

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Speaker 1: price spectrum, and we're we're here to serve those folks too,

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Speaker 1: that's right. Well, I mean one of the things, like

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Speaker 1: one of y'all's approaches is like, like reports, you'll actually

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Speaker 1: buy the cars that you that you test drive. Can

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Speaker 1: you explain why it is that you all do that.

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Speaker 1: I think that's that what's really separates us from any

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Speaker 1: other publisher. And I still kind of use the old

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Speaker 1: term publishing as in like you know, paper and stuff.

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Speaker 1: And yes, we do still produce a magazine, but obviously

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Speaker 1: the most competitive publishers these days are all online. But

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Speaker 1: unlike other automotive reporters, automotive journalists who get free cars

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Speaker 1: from the manufacturers that are mostly specially built, uh, you know,

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Speaker 1: hand built, and make sure that that they're all they're

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Speaker 1: they're probably much better than than the normal consumer would get.

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Speaker 1: Consumer Reports buys its own test products. The Auto Test

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Speaker 1: Center where I work as spends about two and a

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Speaker 1: half to three million dollars a year buying test cars.

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Speaker 1: We don't tell them we're from Consumer Reports until the

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Speaker 1: morning of delivery. Since two thousand one, I've bought about

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Speaker 1: a hundred and sixty six cars for the test program.

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Speaker 1: So I've honestly seen it all. I've heard it all

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Speaker 1: from every dealer that you can imagine, and and that

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Speaker 1: kind of keeps us independent. We're not if you if

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Speaker 1: and I used to be on the other side of

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Speaker 1: bottom of journalism, where you know, you get flowed first

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Speaker 1: class to Hawaii and you get to drive a car

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Speaker 1: around the islands and Santa five star hotel and eat

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Speaker 1: you know, endless, you know, platters of shrimp and and

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Speaker 1: drink top top shelf cocktails, and you know, some journalists

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Speaker 1: have a hard time saying that there's anything wrong with

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Speaker 1: that particular car. So so I mean, and they're not,

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Speaker 1: they're not all, you know, bought off by the manufacturer.

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Speaker 1: Consumer Reports definitely keeps its independence. We also take don't

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Speaker 1: take advertising, so our our whole mission is buy the

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Speaker 1: products that everyone else buys, test them fairly and independently,

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Speaker 1: and and produce the results. And sometimes it might be

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Speaker 1: we're gonna test a particular brand that you love and

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Speaker 1: it's going to do well. And sometimes we're gonna test

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Speaker 1: the brand you love and it doesn't do well. And

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Speaker 1: it's that's that's really our mission. Talk to us about

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Speaker 1: the testing center. What's it like there, and what's it

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Speaker 1: like to put some of these cars through their paces

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Speaker 1: in order to write the reviews that you write, and

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Speaker 1: and are you basically like Mario Andrettie going crazy out

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Speaker 1: there on the track with these cars, or how does

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Speaker 1: that work well? It mean because of COVID, I've had

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Speaker 1: to spend a lot of time working at home, but

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Speaker 1: seeing I only live fifteen minutes from the track, I

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Speaker 1: do get to the track at least once or twice

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Speaker 1: a week to do hands on testing and stuff. And

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Speaker 1: when I'm at the track in my little desk, I

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Speaker 1: look over my shoulder out the window and I see

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Speaker 1: three seven acres of test track devoted to to you know,

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Speaker 1: testing cars and testing tires. When when co workers are

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Speaker 1: out there and I hear the tires squealing, I hear

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Speaker 1: the engines roaring. It really is pretty cool. And it

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Speaker 1: is a serene, uh place where the track is. I mean,

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Speaker 1: people say, oh, Consumer Reports is a bunch of white

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Speaker 1: coated toaster testers. Listen, you know, I I my co

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Speaker 1: workers own race cars, my co workers own off road vehicles,

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Speaker 1: my co workers on motorcycles. We follow Formula one, we

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Speaker 1: follow NASCAR, we follow international rallying. You know we we

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Speaker 1: we just eat, sleep, and breathe this stuff. And and

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Speaker 1: to have an opportunity to do that for a company,

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Speaker 1: like an organization like Consumer Reports is really special. I

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Speaker 1: try to remind you know, we all have days of

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Speaker 1: work where like, oh god, but but I try to

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Speaker 1: remind myself, you know how lucky I am and and

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Speaker 1: and I'm getting really to do the work that I

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Speaker 1: that I dreamed about when I was a kid. You

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Speaker 1: are the man for the job. So before we're going

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Speaker 1: to dive into things to consider for somebody who is

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Speaker 1: buying a vehicle, whether new or used, or even electric vehicles.

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Speaker 1: But kind of broadly speaking, let's talk about COVID because

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Speaker 1: we would love to hear how you've seen the car

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Speaker 1: market shift since COVID. You know, like obviously The biggest

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Speaker 1: thing we've all heard about at this point is like

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Speaker 1: the microchip shortages the used and new markets. Because of that,

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Speaker 1: it seems like they have defied gravity as prices have

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Speaker 1: just really soared. And so can you give us some

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Speaker 1: insight into you know why it is the car market

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Speaker 1: has changed so drastically and you know what the market

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Speaker 1: is looking like curtently at the moment. Well, yeah, COVID

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Speaker 1: certainly put a spotlight on the old you know economics

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Speaker 1: one O one of supply and demand, not much supply,

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Speaker 1: pretty heavy demand and prices through the roof. Um, we

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Speaker 1: we've never had such an issue of buying test cars

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Speaker 1: at consumer reports like we have in the last two years.

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Speaker 1: We want to test more cars. We just can get them,

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Speaker 1: and if we can get them, we're paying above m

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Speaker 1: s r P, which absolutely kills me because you know,

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Speaker 1: I I hate spending more money than I have to

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Speaker 1: for for for the test cars. I mean, I know,

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Speaker 1: I know it's not my money, but I still want

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Speaker 1: to drive a hard bargain just like everybody else. So

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Speaker 1: the automotive market has seen a big hit in terms

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Speaker 1: of supplying new cars to consumers because of the microchip shortage.

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Speaker 1: It's still going on. The reports that I read suggest

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Speaker 1: it's going to continue into three and as you mentioned,

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Speaker 1: as you alluded to before, that has also impacted the

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Speaker 1: used car market. So people want to buy a new car,

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Speaker 1: they can't they can't even get one, or or the

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Speaker 1: prices are just crazy, so they go they head to

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Speaker 1: the used car market, and early of it definitely saw

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Speaker 1: a big jump in use car prices as well. UM

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Speaker 1: industry reports suggests that used car pricing is leveling off

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Speaker 1: a little bit. Supply is kind of keeping up with

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Speaker 1: demand and so prices quite are aren't quite as crazy

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Speaker 1: as they used to. But some of the advice that

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Speaker 1: we've been giving out is if you're in a household

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Speaker 1: that maybe has an extra car or a car that

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Speaker 1: you rarely use, it's a good time to sell it

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Speaker 1: because you're probably going to get a decent price for it.

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Speaker 1: That's right. Yeah, Well, and we want to focus a

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Speaker 1: lot on used cars here in just a second, because

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Speaker 1: used cars, typically from a personal finding standpoint, at least,

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Speaker 1: those are the that's the best way for for folks

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Speaker 1: to go, at least for folks who want to prioritize

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Speaker 1: other elements like saving, investing more which we're all about.

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Speaker 1: But let's talk about buying new cars for a second,

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Speaker 1: because some people, I guess they assume when they're buying

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Speaker 1: a new car that you know, reading the reviews and

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Speaker 1: stuff like that is helpful, and which is which is great.

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Speaker 1: They also need to make sure that they can afford

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Speaker 1: this new car before they go in to start taking

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Speaker 1: a look around the dealership. But what else do people

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Speaker 1: need to know. Let's say people are like, no, I

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Speaker 1: am going to buy new and we're okay with people buying,

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Speaker 1: especially if they're gonna keep it for for ten years

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Speaker 1: or so, But how can people ensure that they are

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Speaker 1: buying the right car for them if they're looking to

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Speaker 1: buy a new car, I think you need to be

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Speaker 1: a real realistic about how you're going to use the car.

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Speaker 1: Um years ago, a pickup truck was a work vehicle,

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Speaker 1: but pickup trucks became almost like status symbols and became

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Speaker 1: family cars. I mean, you know, these enormous half ton

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Speaker 1: and three quarter ton trucks are kind of the mom

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Speaker 1: and dad station wagons of of today's you know, families,

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Speaker 1: and and it's and it's and it's to me, it's

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Speaker 1: it's kind of crazy, because unless you're towing a trailer

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Speaker 1: on a regular basis, you're hauling lots of stuff in

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Speaker 1: a bed. Driving a pickup truck, especially the huge ones

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Speaker 1: on a day to day with basis is such a pain.

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Speaker 1: Not only is it difficult to park, it's cost a

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Speaker 1: lot of money for gasoline or diesel. And and so

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Speaker 1: I think the advice is is understand exactly how you're

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Speaker 1: going to use a car. If you're a new family,

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Speaker 1: you have one child, you don't necessarily need a three

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Speaker 1: row suv. I mean, it's it's just so I think

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Speaker 1: I think people waste a lot of money by by

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Speaker 1: buying more than they need, um and and and and

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Speaker 1: spending above their their monthly threshold. I mean a lot

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Speaker 1: of a lot of people are getting so in debt

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Speaker 1: with with car payments that they get underwater on their

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Speaker 1: loans if they're taking you know, eight year loans for

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Speaker 1: for a depreciating asset. I mean, I don't have to

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Speaker 1: tell you smart economic guys that that's kind of nutty,

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Speaker 1: but but I mean people are winding up owing more

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Speaker 1: than the car is worth, and and so that's that's

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Speaker 1: pretty precarious as well. Well. So aside from kind of

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Speaker 1: these bigger, more luxurious vehicles, Like like what features do

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Speaker 1: you see folks kind of leaning towards like when they're

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Speaker 1: looking to buy new like you know, for like our

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Speaker 1: folks leaning more towards Are they looking at technology and

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Speaker 1: safety features? Maybe like more than like torque and horsepower

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Speaker 1: like that used to be all that was ever talked

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Speaker 1: about when I was a kid growing up. It's all

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Speaker 1: about like the performance. And so I'm curious to hear

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Speaker 1: if you've noticed some trends when it comes to what

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Speaker 1: it is folks are looking for. Well. Consumer consumer reports

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Speaker 1: nationwide surveys, we asked that question and quite often, I mean,

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Speaker 1: you know, the number one you know, the number one

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Speaker 1: answer on the board is thing, you know, price. They

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Speaker 1: you know, they want to make sure that they're not

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Speaker 1: they want to get a good deal. They don't want

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Speaker 1: to spend too much. But but after price, people are

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Speaker 1: concerned about fuel economy, they're concerned about safety. Um, and

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Speaker 1: the buzzes is really you know, all about electric cars. Now,

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Speaker 1: electric cars can fit the needs of a lot of people.

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Speaker 1: I think the average commute in the United States is

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Speaker 1: forty miles or less, and all the new evs these

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Speaker 1: days can do that without breaking a sweat um. But

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Speaker 1: for a lot of people the answer might not be

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Speaker 1: an e V. It might be a hybrid or a

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Speaker 1: plug in hybrid, and and the differences of high. A

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Speaker 1: regular hybrid like the Toyota Prius is just a gasoline

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Speaker 1: engine that has a little electric motor on board, and

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Speaker 1: under under low throttle conditions it can just cruised around

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Speaker 1: long on all electric power, and then when you need

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Speaker 1: more power the gas engine kicks in. You get great

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Speaker 1: fuel economy. A plug in hybrid like the Toyta Rev

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Speaker 1: for prime, you plug into your to your home outlets

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Speaker 1: or a level two charger if you have one, You

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Speaker 1: get about forty miles all electric driving, and then it

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Speaker 1: just reverts to a regular RAV four hybrid. So you're

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Speaker 1: you're bouncing back and forth between the gas and electric power.

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Speaker 1: So so I mean that when people talk about electrification,

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Speaker 1: there's many forms of it, but that's that's that's really

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Speaker 1: what a lot of people are talking about these days.

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Speaker 1: When it comes to buying car. Let's say someone has

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Speaker 1: to make and a model picked out I get. Let's

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Speaker 1: talk about the buying process for just a second. You know,

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Speaker 1: the costco has become one of the biggest places for

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Speaker 1: people to go to buy a car. Costco is a

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Speaker 1: great car buying service. Should people start someplace like like

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Speaker 1: there or should they start shopping online? What sort of

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Speaker 1: process works best for people when it comes to finding

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Speaker 1: the car that they want, the new vehicle they want

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Speaker 1: at the best possible price. I think you have to

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Speaker 1: be ready to travel. A lot of times people just

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Speaker 1: want to go to their local dealer because it's easy,

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Speaker 1: but there they the local dealers might not have the inventory.

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Speaker 1: So if you're interested in, say that Honda Accord, but

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Speaker 1: you can't find one within fifty miles, but you might

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Speaker 1: be able to find one maybe seventy five hundred miles,

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Speaker 1: you have to be ready to travel, and you have

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Speaker 1: to be ready to buy quickly. The inventory on dealer's

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Speaker 1: loss right now are not lasting that long. So if

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Speaker 1: you can find something that you're interested in it's far away,

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Speaker 1: go ahead and be ready to travel and buy it.

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Speaker 1: Because any any local dealer will will honor any any

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Speaker 1: factory warranty. You don't have to get it serviced where

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Speaker 1: you buy it necessarily, um so, so so you know,

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Speaker 1: be ready to be ready to travel to buy and

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Speaker 1: have your financing set up ahead of time, you know,

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Speaker 1: go to your credit union, go to your bank, find

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Speaker 1: out what what loans you qualify for, and have it

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Speaker 1: all ready to go so you don't have to jump

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Speaker 1: through hoops thinking, well, you know, I might gonna be

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Speaker 1: able to get a loaner and blah blah blah. So

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Speaker 1: you know, do as many steps ahead as you can.

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Speaker 1: But really the key, the key thing here is being

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Speaker 1: ready to go wherever the inventory is and maybe for

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Speaker 1: a fee that the dealer would would even deliver it

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Speaker 1: to you, you know, depending on the dealer, depending on

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Speaker 1: the car, if they're trying to unload that particular model

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Speaker 1: and you just happen to be in the market for

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Speaker 1: this kind of weird looking Toyota or what have you.

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Speaker 1: But that's some stage advice, Mike. Uh So, that's you know,

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Speaker 1: a few things when it comes to buying a new vehicle.

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Speaker 1: But of course the best way to say the most

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Speaker 1: money is by buying used. And we've got a lot

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Speaker 1: of questions for Mike on buying use cars. Right after

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Speaker 1: the break are we are back. We're still talking with

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Speaker 1: Consumer Reports, is Mike Quincy. We're talking about we're gonna

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Speaker 1: get the cheap cars and we're gonna get to the

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Speaker 1: future of electric vehicles because that is something that as

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Speaker 1: people are adopting E vs. More and more and more,

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Speaker 1: like what's gonna happen in our price is gonna come down.

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Speaker 1: We're gonna get to that. And but Mike, we want

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Speaker 1: to specifically hone in here on used cars. But I

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Speaker 1: also just want to ask you to, like, what do

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Speaker 1: you think about the trade off of like excitement and

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Speaker 1: joy that cars can bring versus the utility that's required.

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Speaker 1: And you talked about people buying more car than they

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Speaker 1: need and how that costs them too much. Some folks

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Speaker 1: really do have like this passion for cards, whereas people

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Speaker 1: like me at least i've seen them as point A

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Speaker 1: to point B transportation. I'm totally fine driving two thousand

430
00:21:35,200 --> 00:21:37,480
Speaker 1: six minivan and and that's the only car that our

431
00:21:37,520 --> 00:21:39,600
Speaker 1: family has, But other people would be like, no, I'm

432
00:21:39,600 --> 00:21:42,840
Speaker 1: passionate about and I care about the looks and the

433
00:21:42,880 --> 00:21:45,760
Speaker 1: performance and what's going on. So so yeah, how how

434
00:21:45,760 --> 00:21:48,120
Speaker 1: do you how do you suggest people think about about

435
00:21:48,160 --> 00:21:52,600
Speaker 1: that trade off. I'm I'm not one to talk about separating,

436
00:21:53,160 --> 00:21:56,560
Speaker 1: you know, passion from from cars, because there are cars

437
00:21:56,600 --> 00:22:01,359
Speaker 1: that I I just genuinely love love to drive. I

438
00:22:01,400 --> 00:22:05,600
Speaker 1: love the styling, I love the exhaust note it's it.

439
00:22:05,320 --> 00:22:10,639
Speaker 1: It just literally, you know, drives my being every waking moment.

440
00:22:11,000 --> 00:22:12,600
Speaker 1: So so I'm not I'm not gonna get I'm not

441
00:22:12,600 --> 00:22:17,480
Speaker 1: gonna able to give you like a rational answer. Yeah. Well,

442
00:22:17,760 --> 00:22:20,159
Speaker 1: it's like it's like, you know, does anyone you know

443
00:22:20,480 --> 00:22:26,120
Speaker 1: need a you know, five horsepower Corvette? But are they

444
00:22:26,400 --> 00:22:30,919
Speaker 1: wicking cool? Oh? Yeah? Cars? You know, cars are like

445
00:22:31,000 --> 00:22:34,679
Speaker 1: a lot of hobbies, you know, the the exotic ones

446
00:22:34,760 --> 00:22:38,400
Speaker 1: that they might they might give you such satisfaction and driving,

447
00:22:38,720 --> 00:22:41,600
Speaker 1: but they also could be you know, fragile, or the

448
00:22:41,680 --> 00:22:45,240
Speaker 1: parts replacements are really high and and and I mean,

449
00:22:45,280 --> 00:22:48,199
Speaker 1: I guess one one one key test of of a

450
00:22:48,280 --> 00:22:52,000
Speaker 1: great passionate car is can it break your heart? And

451
00:22:52,000 --> 00:22:54,720
Speaker 1: and you know, if you have your heart set on that,

452
00:22:54,960 --> 00:22:58,399
Speaker 1: you know, nineteen seventy five Alpha Coup because of the

453
00:22:58,400 --> 00:23:01,680
Speaker 1: Italian styling and and the way that that the engine

454
00:23:01,680 --> 00:23:04,600
Speaker 1: sounds running through the gears, you also have to be

455
00:23:04,720 --> 00:23:08,199
Speaker 1: ready for your heart to be absolutely broken because of

456
00:23:08,280 --> 00:23:13,359
Speaker 1: its you know, somewhat unreliable lineage. So I mean, it

457
00:23:13,400 --> 00:23:16,199
Speaker 1: would it would make a lot of sense if of

458
00:23:16,200 --> 00:23:20,400
Speaker 1: the world you know, drove a hybrid like a Toyota

459
00:23:20,440 --> 00:23:23,720
Speaker 1: Prius and the Prius. Listen, I'm not gonna knock the Prius.

460
00:23:23,760 --> 00:23:26,560
Speaker 1: It has this you know, five door hatchback design. It's

461
00:23:26,560 --> 00:23:29,280
Speaker 1: like a little station wagon. Fifty two miles per gallon

462
00:23:29,400 --> 00:23:35,760
Speaker 1: overall consumer reports, testing and literally twenty years of incredible reliability.

463
00:23:35,800 --> 00:23:39,560
Speaker 1: But is it a ball of fire to drive? Absolutely not.

464
00:23:40,160 --> 00:23:43,240
Speaker 1: But but I totally get why we have this car

465
00:23:43,280 --> 00:23:46,240
Speaker 1: in the world, as well as as a five leader

466
00:23:46,320 --> 00:23:49,720
Speaker 1: V eight Mustang g T, which which I also love.

467
00:23:50,119 --> 00:23:54,760
Speaker 1: Um so, so I mean, you know, automotive passions and

468
00:23:54,760 --> 00:24:01,040
Speaker 1: and and rationality. Yes, you're absolutely talking to the wrong guy. Well,

469
00:24:01,040 --> 00:24:02,920
Speaker 1: I mean, just like you said, there's a place for

470
00:24:02,960 --> 00:24:05,600
Speaker 1: both of those vehicles in the world, And so much

471
00:24:05,600 --> 00:24:08,119
Speaker 1: of it does come down to where you are on

472
00:24:08,160 --> 00:24:10,600
Speaker 1: your own you know, money journey, where you where your

473
00:24:10,640 --> 00:24:12,560
Speaker 1: personal finances are, And maybe we'll come up with some

474
00:24:12,560 --> 00:24:15,040
Speaker 1: sort of scale where if you have a net worth

475
00:24:15,080 --> 00:24:17,359
Speaker 1: of X amount, maybe this is like up to this

476
00:24:17,400 --> 00:24:21,360
Speaker 1: amount seems reasonable if this is something that you are

477
00:24:21,400 --> 00:24:23,800
Speaker 1: incredibly passionate about, like Mike Quincy is I want to

478
00:24:24,200 --> 00:24:25,399
Speaker 1: I think I'd have a lot of fun with it.

479
00:24:25,440 --> 00:24:28,159
Speaker 1: But it's just a little outside of my ball. I mean,

480
00:24:28,200 --> 00:24:30,439
Speaker 1: if if you if you're working hard, if you've been

481
00:24:30,480 --> 00:24:32,760
Speaker 1: smart with your money, if you saved your money, and

482
00:24:32,800 --> 00:24:36,399
Speaker 1: you've you've only you've always wanted a portion nine eleven, what,

483
00:24:36,600 --> 00:24:39,639
Speaker 1: by golly, you know you should if you can afford it,

484
00:24:39,640 --> 00:24:41,840
Speaker 1: you should have it. I mean, yes, is it a badge?

485
00:24:42,040 --> 00:24:44,880
Speaker 1: Should you take that hundred and fifty thousand dollars and

486
00:24:44,880 --> 00:24:47,440
Speaker 1: and and and put it into the bond market or

487
00:24:47,560 --> 00:24:51,880
Speaker 1: or you know, probably? But I think you know, we

488
00:24:52,080 --> 00:24:55,639
Speaker 1: talked about the ravages of cancer, and and I mean, listen,

489
00:24:55,680 --> 00:24:58,479
Speaker 1: my dad died when he was sixty years old. He

490
00:24:58,520 --> 00:25:02,720
Speaker 1: did everything right in terms of planning for his retirement

491
00:25:02,760 --> 00:25:05,639
Speaker 1: and saving money and investing, and he had it. He

492
00:25:05,680 --> 00:25:07,520
Speaker 1: had it all he had. He was he was into

493
00:25:07,560 --> 00:25:12,000
Speaker 1: spreadsheets way before like computers used them now, and he

494
00:25:12,160 --> 00:25:14,280
Speaker 1: figured out exactly how much money he was gonna need

495
00:25:14,320 --> 00:25:16,840
Speaker 1: to go golfing and to go fishing, and and he

496
00:25:16,960 --> 00:25:19,680
Speaker 1: died at sixty and he didn't get to enjoy a

497
00:25:19,760 --> 00:25:23,399
Speaker 1: dime of it. Um my mom did so. But so

498
00:25:23,640 --> 00:25:25,639
Speaker 1: there's there's a silver lining there. So I mean, I

499
00:25:25,640 --> 00:25:28,760
Speaker 1: guess the moral of my story here is is is you.

500
00:25:28,960 --> 00:25:31,760
Speaker 1: If you work hard and you really have always wanted something,

501
00:25:32,440 --> 00:25:34,160
Speaker 1: then you should you should find a way to get

502
00:25:34,200 --> 00:25:36,600
Speaker 1: it because we I don't think we have as much

503
00:25:36,600 --> 00:25:38,359
Speaker 1: time as we think we do. So while you have it,

504
00:25:38,640 --> 00:25:40,480
Speaker 1: while you have the time, while you have your health,

505
00:25:40,640 --> 00:25:43,919
Speaker 1: if you can afford it, then then go get that Masdamiata,

506
00:25:44,160 --> 00:25:47,440
Speaker 1: put the top down, and be thankful for every second

507
00:25:47,480 --> 00:25:49,920
Speaker 1: the sun is shining. I love it. Yeah, I think

508
00:25:49,920 --> 00:25:52,359
Speaker 1: there's something about finding that balance, and I mean it

509
00:25:52,359 --> 00:25:54,400
Speaker 1: sounds like that's what you're you're all about. You've seen

510
00:25:54,440 --> 00:25:56,960
Speaker 1: both ends of it and figuring out where that you

511
00:25:56,960 --> 00:26:00,000
Speaker 1: know where that is for you. Okay, all that note,

512
00:26:00,160 --> 00:26:03,040
Speaker 1: Let's talk about being financially responsible though, like buying the

513
00:26:03,160 --> 00:26:07,080
Speaker 1: used car. You already talked about being realistic with how

514
00:26:07,119 --> 00:26:08,480
Speaker 1: it is that we're going to use vehicles, But how

515
00:26:08,520 --> 00:26:11,240
Speaker 1: would you recommend for folks to think through like whittling

516
00:26:11,240 --> 00:26:13,520
Speaker 1: down a list of like makes and models to find

517
00:26:13,560 --> 00:26:15,880
Speaker 1: out which car is going to suit them best. Sure,

518
00:26:16,000 --> 00:26:19,440
Speaker 1: and you are, you are spot on for a two

519
00:26:19,520 --> 00:26:21,920
Speaker 1: or three year old used car is absolutely the best

520
00:26:22,000 --> 00:26:25,239
Speaker 1: automotive value out there. It probably has a little bit

521
00:26:25,240 --> 00:26:29,359
Speaker 1: of manufacturer's warranty left it probably doesn't have that many miles.

522
00:26:29,400 --> 00:26:32,040
Speaker 1: It's if it's you know, relatively new, it has the

523
00:26:32,119 --> 00:26:35,400
Speaker 1: latest safety features, which is really good, and it's gone

524
00:26:35,400 --> 00:26:37,919
Speaker 1: through the biggest depreciation it I mean, the big biggest

525
00:26:37,960 --> 00:26:39,480
Speaker 1: cost growning a new car in the first couple of

526
00:26:39,560 --> 00:26:42,480
Speaker 1: years is depreciation. So you have somebody else take that hit.

527
00:26:42,760 --> 00:26:45,199
Speaker 1: You buy the used car, and you're still gonna have,

528
00:26:45,320 --> 00:26:48,160
Speaker 1: you know, miles and miles and probably years and years

529
00:26:48,240 --> 00:26:52,400
Speaker 1: of pretty reliable transportation. Now in terms of narrowing down

530
00:26:52,440 --> 00:26:55,119
Speaker 1: your choices of which models to buy, you know, the

531
00:26:55,160 --> 00:26:58,800
Speaker 1: old expression is the best new cars make the best

532
00:26:58,880 --> 00:27:02,200
Speaker 1: used car. So and can Sumeer Reports Reliability surveys year

533
00:27:02,240 --> 00:27:05,600
Speaker 1: and a year out. We see the most reliable cars

534
00:27:05,640 --> 00:27:10,760
Speaker 1: coming from from Toyota, from Honda, from Subreu, from Mazda

535
00:27:10,840 --> 00:27:13,280
Speaker 1: and and and that's really the way to start when

536
00:27:13,280 --> 00:27:15,480
Speaker 1: it when it when it comes to looking for a

537
00:27:15,600 --> 00:27:18,280
Speaker 1: used car, because with with with a used car, you

538
00:27:18,400 --> 00:27:20,720
Speaker 1: I think the most important thing is to look at

539
00:27:20,760 --> 00:27:23,840
Speaker 1: it is reliability. You know, how how are how are

540
00:27:23,840 --> 00:27:27,359
Speaker 1: they holding up? And Consumer Reports surveys its members twice

541
00:27:27,400 --> 00:27:29,840
Speaker 1: a year to find out what what went wrong with

542
00:27:29,880 --> 00:27:32,920
Speaker 1: your car in the last twelve months and how satisfied

543
00:27:33,200 --> 00:27:36,600
Speaker 1: are you with it? And those makeup are our overall

544
00:27:36,720 --> 00:27:39,520
Speaker 1: ratings and and so to to to hear from other

545
00:27:39,560 --> 00:27:42,199
Speaker 1: people how their car is holding up, how happy they

546
00:27:42,200 --> 00:27:44,880
Speaker 1: are with it is really I would say the best

547
00:27:44,880 --> 00:27:47,040
Speaker 1: place to start. Yeah, No, I think that's good advice.

548
00:27:47,080 --> 00:27:49,000
Speaker 1: And I think for folks who are looking to buy

549
00:27:49,000 --> 00:27:51,800
Speaker 1: a car, and if they would ask me what one thing,

550
00:27:52,000 --> 00:27:54,560
Speaker 1: what what one thing should I look at before I

551
00:27:54,560 --> 00:27:57,720
Speaker 1: start going out there and test driving used vehicles? I

552
00:27:57,760 --> 00:28:00,840
Speaker 1: would say that Consumer Reports Reliability match Rick is a

553
00:28:00,920 --> 00:28:02,640
Speaker 1: great thing to take a look at. It's gonna give

554
00:28:02,640 --> 00:28:05,120
Speaker 1: you a lot of insight into whether or not that

555
00:28:05,240 --> 00:28:08,600
Speaker 1: particular making model is going to make sense for you largely,

556
00:28:08,640 --> 00:28:10,560
Speaker 1: you know, for for years moving forward, whether or not

557
00:28:10,600 --> 00:28:12,639
Speaker 1: it's gonna be a money pit, or whether or not

558
00:28:12,680 --> 00:28:15,440
Speaker 1: it's going to be mostly mostly reliable. But I guess

559
00:28:15,480 --> 00:28:17,080
Speaker 1: my question for you too is like that there's gonna

560
00:28:17,080 --> 00:28:20,679
Speaker 1: be a difference between even just specific years, right a

561
00:28:20,760 --> 00:28:25,880
Speaker 1: specific model, so score car version might score really high,

562
00:28:25,880 --> 00:28:28,679
Speaker 1: the teen model might look like it should be avoided.

563
00:28:29,080 --> 00:28:31,840
Speaker 1: Is that typically like model year changeovers, what's happening there

564
00:28:31,880 --> 00:28:35,080
Speaker 1: that can change the reliability from a car that was

565
00:28:35,080 --> 00:28:37,720
Speaker 1: great too, Now it's not such a great buy great question.

566
00:28:37,800 --> 00:28:40,440
Speaker 1: We get that actually a lot. Uh. The truth is

567
00:28:40,480 --> 00:28:44,720
Speaker 1: that every year the reliability uh data that we have

568
00:28:44,840 --> 00:28:48,720
Speaker 1: can change and and some models are almost never affected

569
00:28:48,720 --> 00:28:50,760
Speaker 1: by it. I mentioned the toy Ata Prius before. I mean,

570
00:28:51,560 --> 00:28:54,760
Speaker 1: these things are are awesome, you know, year in and

571
00:28:54,840 --> 00:28:59,760
Speaker 1: year out. Other models, like like cars from from Volkswagen,

572
00:29:00,160 --> 00:29:03,440
Speaker 1: for example, they always seem to be like on the

573
00:29:03,600 --> 00:29:09,640
Speaker 1: edge of reliable, slightly below average and reliability, so they're

574
00:29:09,680 --> 00:29:13,400
Speaker 1: not a sure bet. And you're also spot on about

575
00:29:13,400 --> 00:29:16,880
Speaker 1: the new model you're changers. When a car has been redesigned,

576
00:29:17,160 --> 00:29:20,680
Speaker 1: typically we find a higher problem rate in that first

577
00:29:21,000 --> 00:29:24,080
Speaker 1: model year redesign, and it can happen. It can happen

578
00:29:24,080 --> 00:29:27,440
Speaker 1: to anyway. It can happen to even top notch manufacturers

579
00:29:27,520 --> 00:29:31,200
Speaker 1: like like Lexus, like Honda, like Acura that they're bringing

580
00:29:31,240 --> 00:29:33,880
Speaker 1: in lots of new electronics these days, a lot of

581
00:29:34,440 --> 00:29:38,800
Speaker 1: computerization cars are almost more software these days that hardware,

582
00:29:39,080 --> 00:29:41,560
Speaker 1: or they're trying out a new eight, nine, ten speed

583
00:29:41,560 --> 00:29:45,440
Speaker 1: automatic transmission, which can be problematic. So I mean that

584
00:29:45,640 --> 00:29:50,440
Speaker 1: typically the best most reliable model is in the last

585
00:29:50,880 --> 00:29:54,960
Speaker 1: year of its design because by then most manufacturers have

586
00:29:55,160 --> 00:29:58,680
Speaker 1: worked out the bugs. The riskier ones are are are

587
00:29:58,800 --> 00:30:01,640
Speaker 1: the are the first model you're You mentioned Rivan before,

588
00:30:01,960 --> 00:30:04,440
Speaker 1: and Consumer Reports has a Rivan pickup truck in our

589
00:30:04,480 --> 00:30:07,680
Speaker 1: test fleet right now, and we've we've seen a few

590
00:30:07,720 --> 00:30:11,120
Speaker 1: problems with it, uh and it is you know, not

591
00:30:11,160 --> 00:30:14,680
Speaker 1: only is it the first model year UH production, but

592
00:30:14,760 --> 00:30:17,600
Speaker 1: it's it's the first car of a brand new car

593
00:30:17,760 --> 00:30:22,800
Speaker 1: company and and and so I understand the early adopter

594
00:30:22,960 --> 00:30:26,360
Speaker 1: thing and all that, but but the the advice is

595
00:30:26,360 --> 00:30:29,160
Speaker 1: is way to model year before before diving into the

596
00:30:29,200 --> 00:30:31,520
Speaker 1: new ones and look at our reliable look at Consumer

597
00:30:31,520 --> 00:30:36,040
Speaker 1: Reports reliabilities um charts where you can see clearly what

598
00:30:36,200 --> 00:30:39,000
Speaker 1: year is is highlighted of of the of the new

599
00:30:39,040 --> 00:30:42,080
Speaker 1: model you're designed and the changeover and how the data

600
00:30:42,160 --> 00:30:44,880
Speaker 1: might have changed. Shopping around for a used car, like

601
00:30:45,200 --> 00:30:47,440
Speaker 1: where would you recommend for folks to do that? Because

602
00:30:47,560 --> 00:30:50,320
Speaker 1: I think it could be it's difficult to know whether

603
00:30:50,400 --> 00:30:52,640
Speaker 1: you should go to a dealership or if you should

604
00:30:52,680 --> 00:30:56,120
Speaker 1: go to one of the online sites like Carbona, you know, CarMax,

605
00:30:56,520 --> 00:30:58,920
Speaker 1: or if you should skip that altogether and then maybe

606
00:30:59,040 --> 00:31:03,400
Speaker 1: go private, go with something listed on Craigslist or Facebook.

607
00:31:03,440 --> 00:31:05,080
Speaker 1: What would you suggest for folks out there looking for

608
00:31:05,120 --> 00:31:09,080
Speaker 1: a solid used car. There's there's a risk in any approach,

609
00:31:09,320 --> 00:31:12,200
Speaker 1: and they all have their pros and cons. I think

610
00:31:12,200 --> 00:31:14,880
Speaker 1: that the first place to start is you get on

611
00:31:14,960 --> 00:31:18,560
Speaker 1: your your local Facebook page or you use social media,

612
00:31:18,560 --> 00:31:21,160
Speaker 1: and you ask people that live in your town, Hey,

613
00:31:21,160 --> 00:31:23,840
Speaker 1: where where have you had success buying a used car?

614
00:31:23,840 --> 00:31:27,520
Speaker 1: Who do you trust? Sometimes just a local mechanic will

615
00:31:27,680 --> 00:31:31,400
Speaker 1: get a great reputation for for for taking cars, refurbishing

616
00:31:31,440 --> 00:31:34,520
Speaker 1: them and backing them up if anything goes wrong. Um.

617
00:31:34,800 --> 00:31:38,040
Speaker 1: Other places to turn to might be new car dealers

618
00:31:38,120 --> 00:31:41,400
Speaker 1: because they usually have a pretty good supply of used

619
00:31:41,480 --> 00:31:45,080
Speaker 1: cars on hand. Now, the downside of that is the

620
00:31:45,160 --> 00:31:47,840
Speaker 1: prices are tending are going to tend to be higher

621
00:31:47,920 --> 00:31:51,080
Speaker 1: going to the new car dealerships. But they also offer

622
00:31:51,320 --> 00:31:55,440
Speaker 1: certified pre owned cars. And by certified, the consumer has

623
00:31:55,440 --> 00:31:59,320
Speaker 1: to be real careful about that term because any you know,

624
00:31:59,800 --> 00:32:03,240
Speaker 1: you Joe Smith used car lot can say it's certified.

625
00:32:03,560 --> 00:32:06,720
Speaker 1: It doesn't It doesn't really mean anything unless it's backed

626
00:32:06,800 --> 00:32:12,400
Speaker 1: up by the factory. And by the factory I mean Toyota, Nissan, Honda, Ford,

627
00:32:12,520 --> 00:32:15,959
Speaker 1: you know Ford says, uh, this is a certified used

628
00:32:16,000 --> 00:32:19,440
Speaker 1: car backed by our factory. We're gonna stand behind the components.

629
00:32:19,440 --> 00:32:22,239
Speaker 1: We're gonna give you a certain amount of warranty to it. Now,

630
00:32:22,400 --> 00:32:24,720
Speaker 1: now that that gives a used car buyer a little

631
00:32:24,720 --> 00:32:28,200
Speaker 1: bit more reassurance, which might be worth it. But you'll

632
00:32:28,240 --> 00:32:30,719
Speaker 1: probably pay a little bit extra for a certified pre

633
00:32:30,800 --> 00:32:33,320
Speaker 1: owned car. Um. But but again, you you have that

634
00:32:33,360 --> 00:32:35,880
Speaker 1: backing of a factory warranty. But but I think the

635
00:32:36,200 --> 00:32:40,760
Speaker 1: best place to start is ask around. Ask ask your neighbors, what, what, where? Where?

636
00:32:40,800 --> 00:32:43,040
Speaker 1: Where do they go? Who do they trust? And And

637
00:32:43,080 --> 00:32:44,960
Speaker 1: that's you know, that's also the same advice for finding

638
00:32:44,960 --> 00:32:47,520
Speaker 1: a good reliable mechanic. You ask around, You ask people,

639
00:32:47,880 --> 00:32:51,400
Speaker 1: because you know, the one on one personal recommendations are

640
00:32:51,560 --> 00:32:54,200
Speaker 1: can be worth their weight in gold. Yeah. Alright, So

641
00:32:54,280 --> 00:32:57,480
Speaker 1: I saw Christimer Reports recently published an article that outlined

642
00:32:57,520 --> 00:33:00,200
Speaker 1: the best cars that are under five thousand dollars, And

643
00:33:00,280 --> 00:33:02,560
Speaker 1: I love, I love that you guys are still publishing

644
00:33:02,880 --> 00:33:06,200
Speaker 1: articles like this because I feel like we get pushed

645
00:33:06,200 --> 00:33:08,760
Speaker 1: back because when we talk about buying super cheap cars,

646
00:33:08,960 --> 00:33:11,560
Speaker 1: which we think can be a financial superpower. If you're

647
00:33:11,560 --> 00:33:13,440
Speaker 1: buying a car that's in that five thousand dollar range,

648
00:33:13,680 --> 00:33:15,520
Speaker 1: you have so much money. Most people have so much

649
00:33:15,520 --> 00:33:18,040
Speaker 1: money left over through other more awesome things with and

650
00:33:18,040 --> 00:33:20,000
Speaker 1: and like we talked about at the beginning, so many

651
00:33:20,000 --> 00:33:22,400
Speaker 1: people are cash trapped because I've spent too much on

652
00:33:22,440 --> 00:33:25,160
Speaker 1: a car. Do you think it's possible still to find

653
00:33:25,160 --> 00:33:28,160
Speaker 1: something that's reliable, that's in decent condition, that's in that

654
00:33:28,200 --> 00:33:31,400
Speaker 1: five thousand dollar range, even with inflation and car prices

655
00:33:31,400 --> 00:33:33,920
Speaker 1: having gone up. Can people still find something decent at

656
00:33:33,960 --> 00:33:38,320
Speaker 1: that price point. It's it's possible, but but as you mentioned,

657
00:33:38,480 --> 00:33:43,160
Speaker 1: during this environment, it's increasingly difficult because most people that

658
00:33:43,200 --> 00:33:47,120
Speaker 1: are going to have a relatively inexpensive used car might

659
00:33:47,240 --> 00:33:49,320
Speaker 1: know what it's worth. And again if they're not, if

660
00:33:49,360 --> 00:33:52,240
Speaker 1: they're not relying on it for their daily transportation, they

661
00:33:52,280 --> 00:33:54,680
Speaker 1: know they can get top dollar for it, either selling

662
00:33:54,720 --> 00:33:57,680
Speaker 1: it to themselves or taking it to CarMax, who will

663
00:33:57,720 --> 00:34:00,720
Speaker 1: also probably give you a lot more money than than

664
00:34:00,760 --> 00:34:04,320
Speaker 1: a normal market value. So to answer your question, yes,

665
00:34:04,440 --> 00:34:07,400
Speaker 1: you can get a five thousand dollar car, I think

666
00:34:07,440 --> 00:34:09,880
Speaker 1: I would. I would broaden it a little bit to

667
00:34:10,040 --> 00:34:14,400
Speaker 1: say I think five to ten thousand, because because you know,

668
00:34:14,480 --> 00:34:18,040
Speaker 1: five thousand ar car might get you something that's completely

669
00:34:18,280 --> 00:34:21,759
Speaker 1: you know what is it the expression driven hard and

670
00:34:21,800 --> 00:34:25,200
Speaker 1: put away wet, which which means you know, they just

671
00:34:25,239 --> 00:34:28,479
Speaker 1: had a really tough life. And any you know, any

672
00:34:28,520 --> 00:34:30,680
Speaker 1: money that you're that you're that you think you're saving

673
00:34:30,680 --> 00:34:33,719
Speaker 1: buying a really inexpensive used car, you might have to

674
00:34:33,800 --> 00:34:37,120
Speaker 1: just put right back into the repairs just to keep

675
00:34:37,120 --> 00:34:39,359
Speaker 1: it running. So I mean there's there's kind of short

676
00:34:39,400 --> 00:34:41,759
Speaker 1: term thinking, long term thinking. But I mean some some

677
00:34:41,840 --> 00:34:44,000
Speaker 1: good used cars, and I'm gonna say again, I'm saying

678
00:34:44,000 --> 00:34:46,560
Speaker 1: in the five to ten thousand dollar price range, UM

679
00:34:46,920 --> 00:34:51,880
Speaker 1: A Toyota Prius, C A Mazda six, uh A Nissan Murano.

680
00:34:52,200 --> 00:34:57,200
Speaker 1: I mean arranging and model years from these These are

681
00:34:57,320 --> 00:35:00,520
Speaker 1: are particular makes and models that have done well in

682
00:35:00,560 --> 00:35:04,000
Speaker 1: consumer reports, testing, have been pretty reliable, have decent amounts

683
00:35:04,000 --> 00:35:07,480
Speaker 1: of safety features. So so they're out there. But but

684
00:35:07,560 --> 00:35:09,120
Speaker 1: you but you gotta you gotta look hard. I mean,

685
00:35:09,320 --> 00:35:11,239
Speaker 1: there's there's a great website that I use all the time.

686
00:35:11,239 --> 00:35:14,040
Speaker 1: It's called cars dot com, and you can punch in

687
00:35:14,440 --> 00:35:17,840
Speaker 1: um that makes models years, whether it's new, whether it's used,

688
00:35:18,080 --> 00:35:20,560
Speaker 1: and do a range of search anywhere from you know,

689
00:35:20,640 --> 00:35:24,720
Speaker 1: locally twenty five miles away to nationwide. So so I

690
00:35:24,719 --> 00:35:26,480
Speaker 1: I used that website all the time. I think it's

691
00:35:26,520 --> 00:35:31,839
Speaker 1: really handy to buy looking for newer use models. Great, awesome, Well, hey, Mike,

692
00:35:31,880 --> 00:35:33,759
Speaker 1: we've got a couple more questions to get through with you.

693
00:35:34,040 --> 00:35:36,359
Speaker 1: Is specifically, we're want to talk about electric vehicles because

694
00:35:36,400 --> 00:35:39,320
Speaker 1: they are there the future, but in the present they're

695
00:35:39,640 --> 00:35:42,520
Speaker 1: pretty darn expensive for most folks. So like, how soon

696
00:35:42,600 --> 00:35:44,040
Speaker 1: is that future coming? We want to get to that

697
00:35:44,320 --> 00:35:56,280
Speaker 1: and more right after this, all right, we are talking

698
00:35:56,400 --> 00:35:59,160
Speaker 1: with Mike Quincy from Consumer Reports that we're gonna get

699
00:35:59,160 --> 00:36:02,440
Speaker 1: into that electric equal portion of our conversation, which we

700
00:36:02,680 --> 00:36:05,000
Speaker 1: kind of jumped into a little bit. But like Mike,

701
00:36:05,360 --> 00:36:08,440
Speaker 1: it seems like a lot of Americans are finding themselves

702
00:36:08,440 --> 00:36:11,239
Speaker 1: interested at least in electric vehicles, right even if they're

703
00:36:11,280 --> 00:36:14,319
Speaker 1: not necessarily lined up, you know, they haven't put down

704
00:36:14,360 --> 00:36:16,080
Speaker 1: their hundred bucks or a thousand bucks or whatever to

705
00:36:16,160 --> 00:36:18,440
Speaker 1: get on the queue, they are still at least interested

706
00:36:18,480 --> 00:36:21,600
Speaker 1: in them. Uh, California, they're you know, they're mandating like

707
00:36:21,680 --> 00:36:26,000
Speaker 1: the end of gas powered cars by I think, and

708
00:36:26,040 --> 00:36:27,480
Speaker 1: so like, what is it that you think is going

709
00:36:27,520 --> 00:36:30,839
Speaker 1: to happen in the electric vehicle market moving forward? As

710
00:36:30,840 --> 00:36:34,400
Speaker 1: far as the speed of adoption, and how quickly a

711
00:36:34,440 --> 00:36:36,640
Speaker 1: lot of folks are going to be switching over to electric.

712
00:36:37,280 --> 00:36:39,920
Speaker 1: So you know about your comment, people are you know,

713
00:36:40,000 --> 00:36:42,799
Speaker 1: they make noises about it, they they're interested in it.

714
00:36:43,239 --> 00:36:46,719
Speaker 1: The way I look at it is when the you

715
00:36:47,040 --> 00:36:50,560
Speaker 1: go through the December holidays and we're all ready to

716
00:36:50,680 --> 00:36:55,799
Speaker 1: celebrate New Year's Eve, and people are that new Year's resolution.

717
00:36:55,960 --> 00:36:58,640
Speaker 1: I'm gonna go to the gym. I'm gonna join a gym,

718
00:36:58,719 --> 00:37:01,200
Speaker 1: I'm gonna go I'm gonna lose weight, I'm gonna get

719
00:37:01,239 --> 00:37:04,120
Speaker 1: in shape, and that's that's my intention. I'm gonna do that.

720
00:37:04,400 --> 00:37:07,560
Speaker 1: So so right now the market is showing that, yes,

721
00:37:07,680 --> 00:37:11,799
Speaker 1: people have intentions about buying an evy, they're interested in

722
00:37:11,880 --> 00:37:15,600
Speaker 1: buying an evy, but the ev market still is about

723
00:37:15,920 --> 00:37:18,480
Speaker 1: maybe I think last time I checked, with maybe four percent,

724
00:37:19,480 --> 00:37:24,080
Speaker 1: four percent of of like what a sixteen eighteen million unit,

725
00:37:24,719 --> 00:37:28,040
Speaker 1: you know, retail side of of selling cars. It's still

726
00:37:28,080 --> 00:37:33,000
Speaker 1: a tiny percentage of the overall car bar buying buying market.

727
00:37:33,520 --> 00:37:35,839
Speaker 1: And that that isn't to to like brush it off

728
00:37:35,880 --> 00:37:39,520
Speaker 1: and say we're not taking them seriously, because because we are,

729
00:37:40,040 --> 00:37:42,359
Speaker 1: certainly Consumer Reports is buying all the all the new

730
00:37:42,400 --> 00:37:45,000
Speaker 1: evs that came that that are coming out. I mentioned

731
00:37:45,040 --> 00:37:48,600
Speaker 1: that that Mercedes e q S, which which stickers around

732
00:37:48,800 --> 00:37:51,719
Speaker 1: a hundred and twenty five thousand dollars, and we we

733
00:37:51,760 --> 00:37:54,000
Speaker 1: bought ours and had a few more options. It's actually

734
00:37:54,000 --> 00:37:57,040
Speaker 1: a hundred thirty five thousand dollar cards the most expensive

735
00:37:57,080 --> 00:38:00,480
Speaker 1: car Consumer Reports has ever tested. But it's really is,

736
00:38:00,560 --> 00:38:03,360
Speaker 1: you know, can represent the you know, the the cutting

737
00:38:03,440 --> 00:38:06,920
Speaker 1: edge of of of EV technology. Now, do people have

738
00:38:07,040 --> 00:38:10,560
Speaker 1: to spend that much money for an electric vehicle? Oh

739
00:38:10,600 --> 00:38:14,719
Speaker 1: heck no, absolutely not. In fact, you could go to

740
00:38:14,760 --> 00:38:18,680
Speaker 1: your your Chevrolet dealer and check out the bolt uh

741
00:38:19,120 --> 00:38:21,760
Speaker 1: line they have. They have two e vs called Bolts.

742
00:38:21,800 --> 00:38:24,120
Speaker 1: One is then STV and one is the smaller car.

743
00:38:24,480 --> 00:38:27,680
Speaker 1: Um there's still you know, ring about thirty six dollars,

744
00:38:28,120 --> 00:38:30,719
Speaker 1: which is a fair amount of money for a somewhat

745
00:38:30,800 --> 00:38:35,040
Speaker 1: small car. But I think that that is just going

746
00:38:35,120 --> 00:38:37,200
Speaker 1: to be the price of admission right now for e

747
00:38:37,320 --> 00:38:40,359
Speaker 1: V buyers. You know, there are others out there. I

748
00:38:40,480 --> 00:38:45,160
Speaker 1: really like U the Hyundai Ionic five at Google. It

749
00:38:45,160 --> 00:38:48,320
Speaker 1: it not only it looks like space Age, it drives

750
00:38:48,480 --> 00:38:51,560
Speaker 1: really well. It has great handling, it has great balance,

751
00:38:52,080 --> 00:38:55,000
Speaker 1: about two hundred and fifty miles of range, I think

752
00:38:55,680 --> 00:38:58,080
Speaker 1: I'm not a huge fan of evs because I do

753
00:38:58,160 --> 00:39:01,400
Speaker 1: think they are expensive. I'm a O trip guy, so

754
00:39:01,400 --> 00:39:03,880
Speaker 1: so e V is definitely have a limitation in terms of,

755
00:39:03,920 --> 00:39:06,960
Speaker 1: you know, driving for hours on end. But but but

756
00:39:07,160 --> 00:39:10,279
Speaker 1: in terms of I don't actually own a car, people like,

757
00:39:10,280 --> 00:39:12,680
Speaker 1: what car do you own? Because I drive all the

758
00:39:12,719 --> 00:39:14,759
Speaker 1: test cars, I actually don't own a car. But if

759
00:39:14,800 --> 00:39:17,080
Speaker 1: I wanted to get an e V, I would definitely

760
00:39:17,120 --> 00:39:19,680
Speaker 1: look at the Ionic five. Okay, well, I'm glad that

761
00:39:19,719 --> 00:39:21,520
Speaker 1: you mentioned a couple of budget e v s, and

762
00:39:21,680 --> 00:39:24,200
Speaker 1: and we've actually we've talked about some of the Chevy

763
00:39:24,200 --> 00:39:26,560
Speaker 1: models yeah, on the show, because they seem to be

764
00:39:26,960 --> 00:39:29,960
Speaker 1: the Equinox that was just announced that's gonna be like, uh,

765
00:39:30,200 --> 00:39:32,360
Speaker 1: what it was that was? I forget which model it

766
00:39:32,440 --> 00:39:34,319
Speaker 1: is of from Chevy. That's gonna be so cheap. But

767
00:39:34,680 --> 00:39:38,520
Speaker 1: it seems like sadly the EV market, at least where

768
00:39:38,520 --> 00:39:41,680
Speaker 1: it kind of started with the Nissan Leaf, was with

769
00:39:41,960 --> 00:39:47,160
Speaker 1: pretty inexpensive budget model. Granted, incredibly low range vehicles, but

770
00:39:47,320 --> 00:39:51,319
Speaker 1: we're seeing just fancier and fancier electric vehicles fewer and

771
00:39:51,360 --> 00:39:55,000
Speaker 1: fewer in that inexpensive category. That seems to be probably

772
00:39:55,040 --> 00:39:57,040
Speaker 1: at least part of the hold up right of EV

773
00:39:57,160 --> 00:39:59,160
Speaker 1: adoption and the fact that people are like, well, I

774
00:39:59,160 --> 00:40:01,319
Speaker 1: guess if it's it's gonna be this expensive, maybe I'll

775
00:40:01,320 --> 00:40:04,239
Speaker 1: just keep going with a gas model. Well there's there

776
00:40:04,320 --> 00:40:07,800
Speaker 1: is that. I mean, the one of the hits against

777
00:40:07,800 --> 00:40:11,720
Speaker 1: an electric car is it's a pretty high price of admission.

778
00:40:11,719 --> 00:40:14,200
Speaker 1: I mean, you mentioned the Nissan Leaf, that's still one

779
00:40:14,239 --> 00:40:16,560
Speaker 1: of the more affordable e vs out there. And listen,

780
00:40:16,680 --> 00:40:19,960
Speaker 1: hand it to Nissan for seeing this technology many years

781
00:40:19,960 --> 00:40:22,919
Speaker 1: ago and refining their little Leaf and making it better

782
00:40:22,960 --> 00:40:25,600
Speaker 1: and making it better. And even a used Leaf can

783
00:40:25,640 --> 00:40:28,200
Speaker 1: be can be a great deal if you don't need

784
00:40:28,239 --> 00:40:31,200
Speaker 1: a vehicle with with you know, tons of cruising range.

785
00:40:31,200 --> 00:40:33,520
Speaker 1: You're not you know, driving hundreds of miles every day

786
00:40:33,560 --> 00:40:36,800
Speaker 1: or anything like that. But um, you know, to your point,

787
00:40:37,200 --> 00:40:40,600
Speaker 1: I spent the weekend driving Consumer reports new out e

788
00:40:40,760 --> 00:40:44,120
Speaker 1: Q five e Tron, which which is sort of the

789
00:40:44,160 --> 00:40:48,800
Speaker 1: company's entry level electric vehicle. It's it's size like between

790
00:40:48,840 --> 00:40:50,920
Speaker 1: the Q three and the Q five. I mean, it

791
00:40:50,960 --> 00:40:53,600
Speaker 1: totally looks the point of the part of of a

792
00:40:54,360 --> 00:40:58,000
Speaker 1: like an e V SUV. But it was sixty thou

793
00:40:58,280 --> 00:41:02,480
Speaker 1: dollars and and you know, still they'd say, well, it's

794
00:41:02,560 --> 00:41:06,239
Speaker 1: less money than the Tesla, you know, Model S and

795
00:41:06,239 --> 00:41:09,040
Speaker 1: and and the Mercedesy q s and you know all

796
00:41:09,080 --> 00:41:12,640
Speaker 1: these others. But still sixty grand is still a lot

797
00:41:12,719 --> 00:41:17,080
Speaker 1: of money. I you know, we joked before we started

798
00:41:17,400 --> 00:41:20,759
Speaker 1: recording this that you know, I work for a nonprofit organization,

799
00:41:20,880 --> 00:41:24,280
Speaker 1: so there are there are like Wall Street bonuses waiting

800
00:41:24,280 --> 00:41:26,880
Speaker 1: for me at the end of the physical year. Um,

801
00:41:27,080 --> 00:41:29,000
Speaker 1: and yes, I would love to have a like a

802
00:41:29,080 --> 00:41:31,800
Speaker 1: nice exotic sports car in my in my garage. No,

803
00:41:32,160 --> 00:41:35,040
Speaker 1: I'm not starving, but but still for for a household

804
00:41:35,080 --> 00:41:38,799
Speaker 1: like mine, I work full time, my wife works part time. Uh,

805
00:41:39,000 --> 00:41:42,600
Speaker 1: sixty grand is way too much for us for for

806
00:41:42,760 --> 00:41:46,000
Speaker 1: to have, like for a household vehicle. And I don't,

807
00:41:46,760 --> 00:41:48,319
Speaker 1: you know, I don't I don't even know if at

808
00:41:48,360 --> 00:41:51,239
Speaker 1: that price point, is out making any money on this car?

809
00:41:51,280 --> 00:41:53,839
Speaker 1: Are they just you know, kind of breaking even? Are

810
00:41:53,880 --> 00:41:56,400
Speaker 1: they getting as you mentioned California, are they getting ready?

811
00:41:56,480 --> 00:41:58,799
Speaker 1: I mean all the automakers getting ready for not only

812
00:41:58,840 --> 00:42:01,279
Speaker 1: California but much of the world. A lot of the

813
00:42:01,320 --> 00:42:04,640
Speaker 1: major cities in Europe are are going to be banning

814
00:42:04,680 --> 00:42:08,040
Speaker 1: you know, internal combustion engine cars, and so what what

815
00:42:08,080 --> 00:42:10,200
Speaker 1: are they gonna do now in terms of the state

816
00:42:10,239 --> 00:42:16,080
Speaker 1: of California banning them. You know, I'm not saying they're wrong.

817
00:42:16,160 --> 00:42:18,880
Speaker 1: I'm not saying they're not good intentions, but I will say,

818
00:42:19,040 --> 00:42:21,440
Speaker 1: let's see. I mean, how many exceptions are you going

819
00:42:21,480 --> 00:42:24,560
Speaker 1: to have if you're a contractor you need a pickup

820
00:42:24,600 --> 00:42:27,320
Speaker 1: truck that that isn't going to cost you a hundred

821
00:42:27,360 --> 00:42:31,040
Speaker 1: thousand dollars, like like a Rivian or the Ford Lightning. Um,

822
00:42:31,520 --> 00:42:33,960
Speaker 1: you need you need to be hauling a trailer, you

823
00:42:34,000 --> 00:42:37,200
Speaker 1: need a big van to do your work, and and

824
00:42:37,239 --> 00:42:40,400
Speaker 1: there isn't the technology right now for them to be

825
00:42:40,480 --> 00:42:44,279
Speaker 1: able to do that with an all electric affordable vehicle. Now.

826
00:42:44,400 --> 00:42:46,239
Speaker 1: You know, again, I don't know the ins and outs

827
00:42:46,239 --> 00:42:47,960
Speaker 1: of the laws. I don't know the exceptions that are

828
00:42:47,960 --> 00:42:50,600
Speaker 1: going to be out there, but I guess I just

829
00:42:50,640 --> 00:42:53,120
Speaker 1: want to say, well, let let's see how this pans out. Yeah,

830
00:42:53,120 --> 00:42:54,880
Speaker 1: it'll be interesting to see what plays out. So what

831
00:42:54,880 --> 00:42:57,839
Speaker 1: we're talking about just the upfront costs that are just

832
00:42:58,040 --> 00:43:00,680
Speaker 1: massive and what's kind of interesting. You know, the the U.

833
00:43:00,719 --> 00:43:02,880
Speaker 1: S Department of Energy, they reported that evs are actually

834
00:43:02,880 --> 00:43:06,400
Speaker 1: they're more affordable but over the long term, right compared

835
00:43:06,440 --> 00:43:09,000
Speaker 1: to their gas their gas counterparts. Uh, you just have

836
00:43:09,040 --> 00:43:10,880
Speaker 1: to hang onto them for like a really long time.

837
00:43:10,920 --> 00:43:13,560
Speaker 1: I think that report said something like fifteen years. There's

838
00:43:13,560 --> 00:43:16,120
Speaker 1: been other reports that says it's actually closer to ten years.

839
00:43:16,600 --> 00:43:19,239
Speaker 1: Uh So I got two questions for you, hey, like,

840
00:43:19,400 --> 00:43:22,080
Speaker 1: is that even realistic for most consumers to actually hang

841
00:43:22,120 --> 00:43:25,320
Speaker 1: onto a vehicle that long before they were were to

842
00:43:25,360 --> 00:43:27,920
Speaker 1: actually see a benefit you know, when it does come

843
00:43:27,960 --> 00:43:29,600
Speaker 1: to cost. And then you know, like like, what do

844
00:43:29,600 --> 00:43:32,120
Speaker 1: you think we'll tip the scales so that evs are

845
00:43:32,160 --> 00:43:34,520
Speaker 1: going to be more affordable in the near term for

846
00:43:34,520 --> 00:43:37,360
Speaker 1: for most buyers out there. I think we're we're still

847
00:43:37,400 --> 00:43:42,239
Speaker 1: compiling data on um the kinds of repair costs that

848
00:43:42,680 --> 00:43:46,000
Speaker 1: that EV owners are going to be seeing. I mean,

849
00:43:46,080 --> 00:43:49,799
Speaker 1: every you know, components wear out, components break. How much

850
00:43:50,040 --> 00:43:54,200
Speaker 1: is a battery pack going to cost or place some

851
00:43:54,200 --> 00:43:57,120
Speaker 1: some suggest, you know, a battery pack might cost around

852
00:43:57,200 --> 00:44:01,440
Speaker 1: five thousand, six thousand dollars, but but that is, you know,

853
00:44:01,600 --> 00:44:05,120
Speaker 1: roughly the same as an engine replacement for for you know,

854
00:44:05,160 --> 00:44:08,120
Speaker 1: a mid range gasoline vehicle, and you know that a

855
00:44:08,160 --> 00:44:10,960
Speaker 1: battery pack can can last you know, eight to ten years.

856
00:44:11,040 --> 00:44:14,480
Speaker 1: So far, that's what we're seeing Um, we're still kind

857
00:44:14,520 --> 00:44:18,880
Speaker 1: of in the infancy of mass market EV sales, so

858
00:44:19,040 --> 00:44:21,399
Speaker 1: gathering this data is going to take a little bit

859
00:44:21,400 --> 00:44:24,000
Speaker 1: of time. Um, the the cost of a n e

860
00:44:24,080 --> 00:44:28,000
Speaker 1: V is is a bit more upfront, but UM, you know,

861
00:44:28,120 --> 00:44:31,520
Speaker 1: charging your EV at home can save you eight hundred

862
00:44:31,560 --> 00:44:35,520
Speaker 1: to a thousand dollars a year over an equivalent gas

863
00:44:35,719 --> 00:44:38,840
Speaker 1: gas car. Uh, An e V can cost you knowround

864
00:44:38,880 --> 00:44:41,720
Speaker 1: four or five thousand dollars less to maintain over time

865
00:44:42,080 --> 00:44:45,799
Speaker 1: compared to gas cars. Um. And and that's you know,

866
00:44:45,960 --> 00:44:49,680
Speaker 1: so there's there is no magic bullet here that there

867
00:44:49,719 --> 00:44:54,240
Speaker 1: Every approach that you take, you're gonna have your pros

868
00:44:54,280 --> 00:44:58,600
Speaker 1: and cons and UM. While I am I was, I

869
00:44:58,680 --> 00:45:01,480
Speaker 1: was probably reluctant to up on the evy bandwagon, and

870
00:45:01,520 --> 00:45:04,120
Speaker 1: I'm not really fully on now. But I do understand

871
00:45:04,120 --> 00:45:06,920
Speaker 1: them more and I do get why they can make

872
00:45:06,960 --> 00:45:09,600
Speaker 1: a lot of sense for a lot of people. But

873
00:45:09,719 --> 00:45:11,480
Speaker 1: let's think for a second. And I don't have the

874
00:45:12,120 --> 00:45:15,120
Speaker 1: data to answer this, but you know, what is the

875
00:45:15,160 --> 00:45:18,480
Speaker 1: percentage of people in the United States that live in

876
00:45:18,520 --> 00:45:22,200
Speaker 1: an apartment? Um, the people that live in in a

877
00:45:22,320 --> 00:45:24,359
Speaker 1: place that where they have to if they have a car,

878
00:45:24,719 --> 00:45:27,800
Speaker 1: they have to do street parking. What what are those

879
00:45:27,840 --> 00:45:30,440
Speaker 1: folks gonna do when it comes to buying an electric

880
00:45:30,560 --> 00:45:34,240
Speaker 1: vehicle because you're you're not you're gonna be stringing an

881
00:45:34,320 --> 00:45:38,400
Speaker 1: extension cord from your fifth story apartment window in New

882
00:45:38,480 --> 00:45:40,680
Speaker 1: York City down to your car parked down the street.

883
00:45:41,120 --> 00:45:43,640
Speaker 1: You know, you just can't do that. So so so

884
00:45:43,719 --> 00:45:48,360
Speaker 1: there's we kind of assume that that evy potential e

885
00:45:48,520 --> 00:45:51,359
Speaker 1: V owners live in a house. What if you don't

886
00:45:51,360 --> 00:45:54,000
Speaker 1: live in a house. So, or you do live in

887
00:45:54,040 --> 00:45:56,239
Speaker 1: a house, but you don't have a garage, you don't

888
00:45:56,280 --> 00:45:57,840
Speaker 1: have a driveway. You you live in a house, but

889
00:45:57,960 --> 00:46:00,640
Speaker 1: you you have on street parking. Um, So, so there's

890
00:46:00,680 --> 00:46:02,759
Speaker 1: that And also the other you know downside of an

891
00:46:02,800 --> 00:46:07,439
Speaker 1: e V is the electric charging infrastructure is just not

892
00:46:07,560 --> 00:46:10,920
Speaker 1: there yet. We don't have gas stations, you know, we

893
00:46:10,960 --> 00:46:14,640
Speaker 1: don't have e V charging stations as ubiquitous as as

894
00:46:14,680 --> 00:46:17,920
Speaker 1: gas stations. So so that's kind of an issue too.

895
00:46:18,640 --> 00:46:21,120
Speaker 1: And you know, whether or not government programs are going

896
00:46:21,160 --> 00:46:24,879
Speaker 1: to be spurring on more charging stations, probably, I mean,

897
00:46:25,360 --> 00:46:28,480
Speaker 1: you know, the gasoline industry certainly got helped from the

898
00:46:28,520 --> 00:46:31,560
Speaker 1: government when it was getting formed in the early nineteen hundreds.

899
00:46:31,880 --> 00:46:36,160
Speaker 1: We built roads. We we gave subsidies, and you know,

900
00:46:36,400 --> 00:46:38,320
Speaker 1: it seems fair too that if if the e V

901
00:46:38,440 --> 00:46:40,360
Speaker 1: industry is going to ask for the same thing, we

902
00:46:40,400 --> 00:46:44,000
Speaker 1: should consider it. I think that evs have definitely have

903
00:46:44,040 --> 00:46:46,040
Speaker 1: a place in the world. I think that you know,

904
00:46:46,120 --> 00:46:50,000
Speaker 1: depend most people's electricity is not coming from from really

905
00:46:50,600 --> 00:46:54,520
Speaker 1: dirty sources. Yes, there are still are some coal fired plants,

906
00:46:54,560 --> 00:46:58,319
Speaker 1: there are still some plants, energy facilities that are not

907
00:46:58,680 --> 00:47:01,920
Speaker 1: kind of the environment. But but if you can get solar,

908
00:47:01,960 --> 00:47:03,800
Speaker 1: if you can get wind, if you can get hydra

909
00:47:04,360 --> 00:47:07,520
Speaker 1: which is a lot of the case at West, then

910
00:47:07,640 --> 00:47:10,759
Speaker 1: then it is definitely better for the environment for more

911
00:47:10,840 --> 00:47:13,799
Speaker 1: people to to to drive evs, just in terms of

912
00:47:13,880 --> 00:47:16,359
Speaker 1: exhaust emissions. But again, how how deep do you want

913
00:47:16,400 --> 00:47:18,200
Speaker 1: to get into this? I mean, what are we doing

914
00:47:18,239 --> 00:47:20,799
Speaker 1: to the to the environment to get the minerals for

915
00:47:20,880 --> 00:47:23,759
Speaker 1: the batteries. I mean, it's a huge it's a huge discussion.

916
00:47:23,880 --> 00:47:25,920
Speaker 1: But like I said that, there's there's no easy answers.

917
00:47:26,560 --> 00:47:28,800
Speaker 1: The easiest thing when we're talking about what's better for

918
00:47:28,800 --> 00:47:33,440
Speaker 1: the environments to drive what we have longer, people want

919
00:47:33,480 --> 00:47:35,560
Speaker 1: to talk about that, but it's it's always about new

920
00:47:35,640 --> 00:47:38,680
Speaker 1: and future and greenification. Of everything new, and there's some

921
00:47:38,840 --> 00:47:40,960
Speaker 1: good to some of that, but it's also like, let's

922
00:47:41,440 --> 00:47:44,040
Speaker 1: use less and let's use what we have for a

923
00:47:44,080 --> 00:47:47,120
Speaker 1: longer period of time, and that will inevitably be a

924
00:47:47,120 --> 00:47:49,960
Speaker 1: greener solution as well. By far, the least sexy answer

925
00:47:52,800 --> 00:47:55,560
Speaker 1: energy you're you're doing a podcast about money. I mean

926
00:47:55,600 --> 00:48:00,200
Speaker 1: that that's absolutely a true The best way to end

927
00:48:00,239 --> 00:48:03,920
Speaker 1: your automotive dollars by a good reliable car and drive it,

928
00:48:04,080 --> 00:48:06,360
Speaker 1: drive it, drive it, drive it. My wife has a

929
00:48:06,400 --> 00:48:09,720
Speaker 1: two thousand and two camera that's still running pretty good,

930
00:48:10,160 --> 00:48:12,000
Speaker 1: and it doesn't cost us a lot of money. So

931
00:48:12,080 --> 00:48:14,520
Speaker 1: you spread you know, I'm telling you guys, it's just

932
00:48:14,680 --> 00:48:17,440
Speaker 1: ridiculous for me to even say you spread those costs

933
00:48:17,480 --> 00:48:20,440
Speaker 1: over a twenty year period. Your per mile cost is

934
00:48:20,440 --> 00:48:23,480
Speaker 1: pretty low. But I agree with you, you know, keep

935
00:48:23,560 --> 00:48:25,239
Speaker 1: something for a lot there. But but you have, you know,

936
00:48:25,280 --> 00:48:27,560
Speaker 1: your neighborhoods where you need to be the first person

937
00:48:27,640 --> 00:48:31,600
Speaker 1: on the block to have something that teslas became status symbols. Uh,

938
00:48:31,920 --> 00:48:34,359
Speaker 1: you know, I gotta keep up with the Joneses, which

939
00:48:34,400 --> 00:48:39,239
Speaker 1: is capitalism, right, But there's a downside. Yeah, sometimes you

940
00:48:39,280 --> 00:48:40,680
Speaker 1: just got to move to a different neighborhood. So that

941
00:48:40,719 --> 00:48:42,880
Speaker 1: you don't have feel pressure, right, I guess you just

942
00:48:43,120 --> 00:48:45,120
Speaker 1: you just get older like me, you just stop caring.

943
00:48:45,960 --> 00:48:47,799
Speaker 1: That's right. You become a curmudgeon and you stop caring.

944
00:48:47,840 --> 00:48:49,440
Speaker 1: That's that's my that's my goal. That's where I'm at

945
00:48:49,440 --> 00:48:52,000
Speaker 1: pretty much. I want to ask one last question of you, Mike.

946
00:48:52,040 --> 00:48:53,640
Speaker 1: I want to I want to know about the future

947
00:48:53,800 --> 00:48:56,840
Speaker 1: of stickshift vehicles, and my guesses you're gonna tell me

948
00:48:57,160 --> 00:48:59,680
Speaker 1: that there is no future. My first car was a

949
00:48:59,719 --> 00:49:03,279
Speaker 1: stick I missed driving a stick it was it was

950
00:49:03,320 --> 00:49:05,919
Speaker 1: a blast, Like I love driving that thing, and part

951
00:49:05,920 --> 00:49:08,280
Speaker 1: of me considers, if we ever do need a second vehicle,

952
00:49:08,560 --> 00:49:11,879
Speaker 1: like man, I'm gonna go for some like stickshift model

953
00:49:11,920 --> 00:49:13,759
Speaker 1: because I just want that back in my life mid

954
00:49:13,840 --> 00:49:16,640
Speaker 1: nineties manual transmission to you to pick a truck exactly.

955
00:49:17,080 --> 00:49:18,920
Speaker 1: That's that's why I would get something like that. But

956
00:49:19,239 --> 00:49:20,640
Speaker 1: my guess is, you're gonna tell me no one's making

957
00:49:20,680 --> 00:49:23,120
Speaker 1: them anymore and they're basically completely dead at this point.

958
00:49:23,400 --> 00:49:27,239
Speaker 1: So so I I know this is an audio podcast, right,

959
00:49:27,560 --> 00:49:30,880
Speaker 1: So you mentioned you mentioned manual transmission cars, and I

960
00:49:30,960 --> 00:49:34,799
Speaker 1: just I just started weeping. I'm just shedding tears of

961
00:49:35,480 --> 00:49:39,239
Speaker 1: ultimate sadness. Um, yes, this is this is the the

962
00:49:39,360 --> 00:49:42,360
Speaker 1: emotional side of the guy that works for Consumer Reports. Um,

963
00:49:42,400 --> 00:49:46,280
Speaker 1: there are still manual transmissions out there. Even the Reford

964
00:49:46,360 --> 00:49:49,640
Speaker 1: announced its redesigned Mustang is still going to be offered

965
00:49:49,719 --> 00:49:52,799
Speaker 1: with a manual transmission. One of the best manual transmission

966
00:49:52,800 --> 00:49:55,880
Speaker 1: cars out there too, from the from its inception to

967
00:49:56,000 --> 00:49:59,400
Speaker 1: this day is the Mazda Miata. It is a joy

968
00:49:59,520 --> 00:50:03,680
Speaker 1: to dry. They still sell them. It's it's awesome. The

969
00:50:04,120 --> 00:50:07,920
Speaker 1: manual transmissions. I definitely are a dying breed, you know,

970
00:50:07,920 --> 00:50:11,160
Speaker 1: seeing as I'm a car guy. And my oldest son

971
00:50:11,560 --> 00:50:15,399
Speaker 1: he insisted on learning how to drive a manual transmission

972
00:50:15,520 --> 00:50:18,560
Speaker 1: and he drives Honda Civic s I with you know,

973
00:50:18,600 --> 00:50:21,680
Speaker 1: a real clutch and a real shifter. And he says,

974
00:50:21,719 --> 00:50:24,080
Speaker 1: you know, Dad, this is kind of like an anti

975
00:50:24,120 --> 00:50:26,759
Speaker 1: theft device because none of my friends can drive this car.

976
00:50:28,320 --> 00:50:32,200
Speaker 1: No club necessary. So I I share your enthusiasm. I

977
00:50:32,320 --> 00:50:35,600
Speaker 1: love to shift for myself. I am grateful for every

978
00:50:35,600 --> 00:50:38,120
Speaker 1: every card that is you know, newer used that is

979
00:50:38,160 --> 00:50:42,239
Speaker 1: still available with with a manual. And I will I

980
00:50:42,280 --> 00:50:45,560
Speaker 1: will always try to sequen out to drive when whenever

981
00:50:45,600 --> 00:50:47,200
Speaker 1: I can. We have we have a couple at the track.

982
00:50:47,440 --> 00:50:50,839
Speaker 1: Subaru just redesigned it's b r Z along with the

983
00:50:50,840 --> 00:50:53,520
Speaker 1: Toyota g R eighty six, which are these really cool

984
00:50:54,120 --> 00:50:58,120
Speaker 1: real wheel drive two door coups that have great manual transmissions.

985
00:50:58,160 --> 00:51:00,719
Speaker 1: There's so much fun on the track and and they

986
00:51:00,840 --> 00:51:05,400
Speaker 1: they they don't cost founder dollars. They're super affordable. They're

987
00:51:05,480 --> 00:51:09,280
Speaker 1: they're one of the best, like like fun per dollar.

988
00:51:09,440 --> 00:51:12,399
Speaker 1: If there's a you know, a Formula there, Um, that's

989
00:51:12,400 --> 00:51:14,239
Speaker 1: that's right up there. Those two are right up there

990
00:51:14,280 --> 00:51:16,719
Speaker 1: with with like a Miata. Well maybe we will join

991
00:51:16,760 --> 00:51:18,640
Speaker 1: you up there on the track and we can uh

992
00:51:18,719 --> 00:51:24,479
Speaker 1: tool around with rear wheel drive in vehicles. You guys,

993
00:51:24,520 --> 00:51:27,799
Speaker 1: you guys make into Connecticut, Um, I will definitely give

994
00:51:27,840 --> 00:51:31,480
Speaker 1: you a first class tractur sweet as long as they've

995
00:51:31,480 --> 00:51:34,960
Speaker 1: got those heated seats because winter before we're up there, Mike,

996
00:51:35,080 --> 00:51:38,520
Speaker 1: where So listeners who are considering either a new call

997
00:51:38,640 --> 00:51:40,600
Speaker 1: or a used car, where is it that they can

998
00:51:40,680 --> 00:51:43,880
Speaker 1: go to figure out which make, which model that they

999
00:51:43,920 --> 00:51:47,799
Speaker 1: should consider. I'll definitely check out Consumer Reports dot org. Uh,

1000
00:51:48,000 --> 00:51:50,960
Speaker 1: that's that's our our website. That that is a you know,

1001
00:51:51,040 --> 00:51:52,520
Speaker 1: most of the stuff on there I get, you know,

1002
00:51:52,520 --> 00:51:54,440
Speaker 1: tell you right up front. It's a it's a subscription

1003
00:51:54,480 --> 00:51:58,120
Speaker 1: base because that's how we we fund everything that we do.

1004
00:51:58,280 --> 00:52:02,160
Speaker 1: We rely on people's memberships to to give us money

1005
00:52:02,239 --> 00:52:04,640
Speaker 1: so they can see the good stuff. Um and and

1006
00:52:04,680 --> 00:52:07,239
Speaker 1: so go to consumer cost dot org. We also we

1007
00:52:07,280 --> 00:52:10,120
Speaker 1: still have magazines on the news stands. We have a

1008
00:52:10,120 --> 00:52:12,960
Speaker 1: monthly magazine. We have new car buying guides, Used car

1009
00:52:13,000 --> 00:52:15,680
Speaker 1: buying guides on the on the news stand and um

1010
00:52:15,680 --> 00:52:18,520
Speaker 1: and check out our our YouTube channel where we have

1011
00:52:18,680 --> 00:52:21,799
Speaker 1: our our Talking Cars podcast, which is always a lot

1012
00:52:21,880 --> 00:52:24,560
Speaker 1: of fun. Uh. It's it's usually me, you know, in

1013
00:52:24,560 --> 00:52:27,640
Speaker 1: a bunch of other guys, uh, talking about the car

1014
00:52:27,719 --> 00:52:31,919
Speaker 1: that we're driving this week featured car. We take audience questions. Uh.

1015
00:52:31,960 --> 00:52:34,759
Speaker 1: And soon, well soon, I'm going to say, and later

1016
00:52:34,760 --> 00:52:38,640
Speaker 1: in November, we're going to have our our latest reliability

1017
00:52:38,960 --> 00:52:42,759
Speaker 1: and Owner Satisfaction survey results are out, and that is

1018
00:52:42,760 --> 00:52:46,440
Speaker 1: going to move the bar for for all kinds of manufacturers.

1019
00:52:46,440 --> 00:52:49,640
Speaker 1: Some some mikes and models will lose their recommendations, some

1020
00:52:49,680 --> 00:52:52,640
Speaker 1: will gain new ones, which you know, the boardrooms are

1021
00:52:52,640 --> 00:52:54,319
Speaker 1: going to be jumping and saying, yeah, look at that.

1022
00:52:54,360 --> 00:52:57,479
Speaker 1: They like us so um so so definitely check back

1023
00:52:58,040 --> 00:53:00,800
Speaker 1: later in November to get the new r A results

1024
00:53:00,840 --> 00:53:03,960
Speaker 1: and and see you know where your your favorite car fired.

1025
00:53:04,520 --> 00:53:07,600
Speaker 1: It's kind of like European soccer regulation or whatever relegation.

1026
00:53:09,840 --> 00:53:12,719
Speaker 1: This thought. Awesome. Well, Mike, this has been a great conversation. Man.

1027
00:53:12,760 --> 00:53:14,719
Speaker 1: Thank you so much for joining us today on the podcast.

1028
00:53:14,840 --> 00:53:17,319
Speaker 1: It's my pleasure. Thanks for having me on all Matt,

1029
00:53:17,360 --> 00:53:20,320
Speaker 1: that was a great convo with car expert Mike Quincy

1030
00:53:20,560 --> 00:53:24,240
Speaker 1: was and just I love Consumer Reports, so just getting

1031
00:53:24,360 --> 00:53:28,080
Speaker 1: a Consumer Reports is awesome, right, Mike. Awesome, Mike's great, man.

1032
00:53:28,120 --> 00:53:30,360
Speaker 1: It's it's really cool to talk to somebody who is

1033
00:53:30,440 --> 00:53:34,080
Speaker 1: very clearly living out their passion. Like this guy loves car,

1034
00:53:34,239 --> 00:53:36,879
Speaker 1: like you said, he like eats breeze, drinks cars. Him

1035
00:53:36,880 --> 00:53:38,640
Speaker 1: and all of his buddies. That's all they talk about.

1036
00:53:39,040 --> 00:53:41,040
Speaker 1: It's obvious, and so it's just it's a lot of

1037
00:53:41,040 --> 00:53:43,439
Speaker 1: fun to talk to somebody who's as passionate about something

1038
00:53:43,480 --> 00:53:46,719
Speaker 1: as as we are personal finances and being well and

1039
00:53:46,719 --> 00:53:48,600
Speaker 1: and a lot of our listeners care more about cars

1040
00:53:48,600 --> 00:53:49,839
Speaker 1: than we do, and so I'm glad that we had

1041
00:53:49,880 --> 00:53:51,839
Speaker 1: somebody on like that. We usually talk about it from

1042
00:53:51,880 --> 00:53:55,680
Speaker 1: a completely a purely utilitarian standpoint, except for when you

1043
00:53:55,680 --> 00:53:59,200
Speaker 1: are whenever you do get a hankering for the review, Yeah,

1044
00:53:59,360 --> 00:54:00,839
Speaker 1: one of these days, maybe maybe I'll wait a few

1045
00:54:00,880 --> 00:54:03,480
Speaker 1: model years. Now after talking, it kind of changes the

1046
00:54:03,719 --> 00:54:05,759
Speaker 1: perspective a little bit where you're like, Okay, maybe we're

1047
00:54:05,760 --> 00:54:07,600
Speaker 1: gonna wait. Yeah, like you said, two or three years,

1048
00:54:07,640 --> 00:54:10,480
Speaker 1: I feel like they'll have models. He's gonna take me

1049
00:54:10,520 --> 00:54:12,680
Speaker 1: that long to save up anyway, Probably it'll take you

1050
00:54:12,719 --> 00:54:14,879
Speaker 1: that long to actually pull the trigger, right, even if

1051
00:54:14,920 --> 00:54:16,960
Speaker 1: you do have that money saved up exactly, all right,

1052
00:54:17,000 --> 00:54:18,600
Speaker 1: So what was your big takeaway from this combo? My

1053
00:54:18,640 --> 00:54:22,000
Speaker 1: big takeaway was for listeners out there to be realistic

1054
00:54:22,239 --> 00:54:23,840
Speaker 1: with how it is that you're going to use a vehicle.

1055
00:54:23,960 --> 00:54:27,320
Speaker 1: I think oftentimes we get married to this idea of

1056
00:54:27,360 --> 00:54:30,759
Speaker 1: what role a vehicle, whether it's a truck or an

1057
00:54:30,880 --> 00:54:32,759
Speaker 1: suv or a car, the role that is going to

1058
00:54:32,840 --> 00:54:35,680
Speaker 1: play in our lives. But oftentimes that's just so overblown.

1059
00:54:35,680 --> 00:54:37,080
Speaker 1: And so he's talking, you know, he was talking about

1060
00:54:37,120 --> 00:54:39,680
Speaker 1: big old pickup trucks that are capable of towing a

1061
00:54:39,760 --> 00:54:44,040
Speaker 1: yacht basically, and maybe once a year, maybe they'll throw

1062
00:54:44,080 --> 00:54:45,640
Speaker 1: some stuff in the back of the truck after they

1063
00:54:45,640 --> 00:54:48,320
Speaker 1: go to lows or home. Depot with some building supplies.

1064
00:54:48,760 --> 00:54:52,799
Speaker 1: We don't often fully utilize our vehicles in the way

1065
00:54:52,800 --> 00:54:55,360
Speaker 1: that we think we will. Minivans can be like pickup

1066
00:54:55,400 --> 00:54:56,920
Speaker 1: trucks all the ways. Can I can? I say, you

1067
00:54:56,920 --> 00:54:58,640
Speaker 1: can fit just as much stuff in the back of minivan,

1068
00:54:58,640 --> 00:55:00,560
Speaker 1: almost as much stuff at least, I'm as you can't

1069
00:55:00,600 --> 00:55:02,160
Speaker 1: pick up trucks pretty you can put a four by

1070
00:55:02,160 --> 00:55:05,080
Speaker 1: six sheet of plywood or sheet rock in the back

1071
00:55:05,120 --> 00:55:09,319
Speaker 1: of a minivan. Underutilized, underappreciated. The minivan vans are where

1072
00:55:09,320 --> 00:55:10,680
Speaker 1: it's at. No, but I like that you drive a

1073
00:55:10,719 --> 00:55:14,960
Speaker 1: handy Homer and I drive behind Odyssey. How that's right? Well,

1074
00:55:14,960 --> 00:55:17,000
Speaker 1: and a lot of people listeners named him. If you're wondering,

1075
00:55:17,000 --> 00:55:18,759
Speaker 1: a lot of people would be well served to think

1076
00:55:18,800 --> 00:55:21,520
Speaker 1: about that in advance, specifically like spending extra on certain

1077
00:55:21,520 --> 00:55:24,879
Speaker 1: features like four wheel drive, which can add a lot,

1078
00:55:25,000 --> 00:55:27,040
Speaker 1: especially on the cost of a new car. Like think

1079
00:55:27,080 --> 00:55:29,000
Speaker 1: about whether or not you're actually gonna use that before

1080
00:55:29,040 --> 00:55:31,239
Speaker 1: you spring for that, or how often are you going

1081
00:55:31,280 --> 00:55:33,359
Speaker 1: to use it? Right, Because like, like I'm thinking about

1082
00:55:33,360 --> 00:55:35,879
Speaker 1: the pickup truck thing. It costs like twenty five bucks

1083
00:55:35,920 --> 00:55:37,560
Speaker 1: to go to home depot and rent one of those

1084
00:55:37,840 --> 00:55:40,400
Speaker 1: giant trucks one of the big amount of Yes, and

1085
00:55:40,400 --> 00:55:43,040
Speaker 1: you've got that thing for like seventy five minutes. That's

1086
00:55:43,040 --> 00:55:44,960
Speaker 1: more than enough time to do the two trips a

1087
00:55:45,040 --> 00:55:47,280
Speaker 1: year that you might need. Something with that kind of utility.

1088
00:55:47,280 --> 00:55:48,880
Speaker 1: It is exactly right. Yeah, alright, So I think my

1089
00:55:48,920 --> 00:55:50,480
Speaker 1: b about you though. My big takeaway, I don't know.

1090
00:55:50,560 --> 00:55:52,319
Speaker 1: It's tough. There's so many good things. But I like

1091
00:55:52,400 --> 00:55:54,560
Speaker 1: that he expanded because I kind of like to tell

1092
00:55:54,560 --> 00:55:57,280
Speaker 1: people they can get a good car for five thousand dollars.

1093
00:55:57,280 --> 00:55:59,279
Speaker 1: But I think he's right. Things have changed a little bit.

1094
00:55:59,520 --> 00:56:01,600
Speaker 1: I I don't know, maybe like ten years ago. I

1095
00:56:01,840 --> 00:56:04,320
Speaker 1: remember buying a Nissan Ultima that lasted me for seven years,

1096
00:56:04,560 --> 00:56:06,440
Speaker 1: and it was thirty and then the car that we

1097
00:56:06,520 --> 00:56:08,840
Speaker 1: have now, the minivan, it was five thousand dollars. So

1098
00:56:08,880 --> 00:56:11,480
Speaker 1: I think most people assume that it can't be done.

1099
00:56:11,520 --> 00:56:13,680
Speaker 1: That's just impossible, and so they are looking at those

1100
00:56:13,840 --> 00:56:15,879
Speaker 1: two to three year old cars, which I think can

1101
00:56:15,960 --> 00:56:17,839
Speaker 1: be smart for a lot of people. But if you're

1102
00:56:17,880 --> 00:56:19,200
Speaker 1: one of those people who's like, no, no, no no, I

1103
00:56:19,200 --> 00:56:21,680
Speaker 1: want to make even more progress than my personal finances, well,

1104
00:56:21,719 --> 00:56:24,319
Speaker 1: spending less on a car is going to be one

1105
00:56:24,360 --> 00:56:25,600
Speaker 1: of the best ways to be able to save and

1106
00:56:25,640 --> 00:56:28,480
Speaker 1: invest more, and you can. I think it's good termine people.

1107
00:56:28,680 --> 00:56:30,520
Speaker 1: And we'll link to that specific article in the show

1108
00:56:30,560 --> 00:56:33,080
Speaker 1: notes that consume reports published. But you can buy a

1109
00:56:33,080 --> 00:56:35,840
Speaker 1: five to ten tho dollar used car and and it

1110
00:56:35,920 --> 00:56:37,799
Speaker 1: can treat you well. Right, it can treat you well

1111
00:56:37,840 --> 00:56:40,080
Speaker 1: and it's not gonna necessarily cost a ridiculous amount in

1112
00:56:40,120 --> 00:56:42,759
Speaker 1: repair costs. So I like that. Mike said that I

1113
00:56:42,800 --> 00:56:45,359
Speaker 1: will probably preach the gospel of the cheap old used

1114
00:56:45,360 --> 00:56:48,000
Speaker 1: car until I die, and you'll have to because you'll

1115
00:56:48,040 --> 00:56:50,040
Speaker 1: you'll need to maintain that old beater if you are

1116
00:56:50,120 --> 00:56:53,440
Speaker 1: also going to buy a brand new Riddon or maybe

1117
00:56:53,600 --> 00:56:55,359
Speaker 1: two year old, I don't know, he'll see, we'll see.

1118
00:56:55,640 --> 00:56:57,840
Speaker 1: Let's introduce folks to the beer you and I we

1119
00:56:57,920 --> 00:56:59,960
Speaker 1: enjoy the which is brew Ale. This is from Town

1120
00:57:00,040 --> 00:57:02,280
Speaker 1: it has been Brewing Company. And this was a beer

1121
00:57:02,360 --> 00:57:05,520
Speaker 1: that was donated to the show by our friend Andy, Andy,

1122
00:57:05,840 --> 00:57:08,319
Speaker 1: longtime listener to the podcast. I'm glad that he was

1123
00:57:08,360 --> 00:57:10,799
Speaker 1: able to drop some of these beers off for us

1124
00:57:10,800 --> 00:57:12,160
Speaker 1: to enjoy here on the show. But what were your

1125
00:57:12,160 --> 00:57:14,120
Speaker 1: thoughts on this one? Yes, I thought it was interesting.

1126
00:57:14,120 --> 00:57:16,520
Speaker 1: This one had. It says that it was brewed with spices,

1127
00:57:16,960 --> 00:57:19,560
Speaker 1: and it doesn't say which spices, So my guess, I'm

1128
00:57:19,560 --> 00:57:22,840
Speaker 1: just guessing here all spice, some clove, maybe a little

1129
00:57:22,920 --> 00:57:26,640
Speaker 1: nutmeg there were yeah, oh yeah, yeah, there's some interesting,

1130
00:57:26,680 --> 00:57:29,240
Speaker 1: interesting vibes going on, especially with with the orange pield

1131
00:57:29,240 --> 00:57:31,880
Speaker 1: almost tastes like one of those hotty tidies that Emily

1132
00:57:31,920 --> 00:57:33,520
Speaker 1: will make me when I'm sick, like the tea with

1133
00:57:33,520 --> 00:57:36,000
Speaker 1: a little bourbon thrown in there. So this was I

1134
00:57:36,000 --> 00:57:39,200
Speaker 1: would say, it makes you think you're taking medicine. In reality,

1135
00:57:39,200 --> 00:57:40,800
Speaker 1: you're just like, I'm just doing this because it tastes good,

1136
00:57:41,440 --> 00:57:43,280
Speaker 1: that's right, It doesn't actually make me better. So I

1137
00:57:43,280 --> 00:57:45,120
Speaker 1: thought this one was good. It's a it's a colche

1138
00:57:45,160 --> 00:57:47,480
Speaker 1: in particular, and so it had it had like a

1139
00:57:47,480 --> 00:57:48,880
Speaker 1: lot of a lot of stuff going on, but it

1140
00:57:48,920 --> 00:57:51,280
Speaker 1: was all it was all working together really nicely. Totally. Yeah,

1141
00:57:51,280 --> 00:57:53,720
Speaker 1: I'm totally with you on the nutmeg. And I'll say,

1142
00:57:53,760 --> 00:57:55,920
Speaker 1: like some ginger as well, Like as I'm smelling the

1143
00:57:55,920 --> 00:57:57,720
Speaker 1: glass now after I finished my beer, and it almost

1144
00:57:57,840 --> 00:58:01,560
Speaker 1: it smells like a like a gingerbread cook. Yeah, because

1145
00:58:01,560 --> 00:58:02,920
Speaker 1: of that, it kind of gives it like this kind

1146
00:58:02,960 --> 00:58:05,640
Speaker 1: of buttery, almost like sort of smell and flavor to it,

1147
00:58:05,720 --> 00:58:07,360
Speaker 1: which I didn't pick up as much as I was

1148
00:58:07,440 --> 00:58:09,240
Speaker 1: drinking it, But after the fact, I'm like, wait a minute,

1149
00:58:09,240 --> 00:58:12,080
Speaker 1: did I just eat a fresh gingerbread cookie? Like That's

1150
00:58:12,080 --> 00:58:14,360
Speaker 1: how I feel right now. So this was a really

1151
00:58:14,480 --> 00:58:16,840
Speaker 1: enjoyable beer. I'll be honest when at first I didn't

1152
00:58:16,880 --> 00:58:18,520
Speaker 1: think I was gonna like it as much, but I

1153
00:58:18,640 --> 00:58:21,760
Speaker 1: quickly finished mine off. It was quite tasty, and I'm

1154
00:58:21,760 --> 00:58:23,720
Speaker 1: glad you and I got to enjoy one of these

1155
00:58:23,800 --> 00:58:26,440
Speaker 1: today on the podcast, Joel. But that's gonna be it.

1156
00:58:26,640 --> 00:58:28,640
Speaker 1: Listeners can find our show. It's up on the website

1157
00:58:28,680 --> 00:58:30,560
Speaker 1: how to money dot com. We'll be sure to link

1158
00:58:30,640 --> 00:58:32,800
Speaker 1: to the article, Joel that you just mentioned, as well

1159
00:58:32,800 --> 00:58:35,120
Speaker 1: as any other resources. But that's gonna be it, man.

1160
00:58:35,200 --> 00:58:38,160
Speaker 1: Until next time, Best Friends Out, Best Friends Out,