{"version":"1.0.0","episode":{"title":"1 in 5 Americans Are NOW Paying $1,100+ Monthly for Cars | The Payment Crisis EXPOSED | Episode 1013","url":"http://getcarcurious.com/episodes/1-in-5-americans-are-now-paying-1-100-monthly-for-cars-the-payment-crisis-exposed-episode-1013","audioUrl":"https://pdrl.fm/3359a6/pscrb.fm/rss/p/mgln.ai/e/1385/injector.simplecastaudio.com/14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9/episodes/b31f3533-2885-4059-b4e0-5a662be95e23/audio/128/default.mp3?aid=rss_feed&awCollectionId=14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9&awEpisodeId=b31f3533-2885-4059-b4e0-5a662be95e23&feed=gkrQ6WSC","description":"Today on CarEdge Live, Ray and Zach discuss the latest car payment data. Tune in to learn more! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com\nfor information about our collection and use of personal data for\nadvertising.\n"},"annotations":[{"startTime":125.9,"endTime":130.3,"type":"term","title":"dock fee","url":"/glossary/dock-fee","quote":"...what their dock fee is, what their dealer markup is, how much we've been able to negotiate with our AI agent from first OTD to last OTD.","canonicalId":"term:dock-fee","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A dock fee is a charge that dealerships may impose to cover the costs associated with preparing a vehicle for sale, including transportation and handling. This fee can vary by dealership and is often negotiable.","simplifiedExplanation":"A dock fee is a charge that car dealerships might add to cover the costs of getting a car ready to sell. It can be different at each dealership and sometimes you can negotiate it."}},{"startTime":125.9,"endTime":130.3,"type":"term","title":"dealer markup","url":"/glossary/dealer-markup","quote":"...what their dock fee is, what their dealer markup is, how much we've been able to negotiate with our AI agent from first OTD to last OTD.","canonicalId":"term:dealer-markup","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Dealer markup refers to the additional amount a dealership adds to the manufacturer's suggested retail price (MSRP) of a vehicle. This can significantly increase the final price a buyer pays, beyond what the manufacturer intended.","simplifiedExplanation":"Dealer markup is when a car dealership charges more than the price set by the manufacturer. This means you might pay extra on top of the regular price for a car."}},{"startTime":130.3,"endTime":132.4,"type":"term","title":"OTD","url":"/glossary/otd","quote":"...how much we've been able to negotiate with our AI agent from first OTD to last OTD. If a dealership adds add-ons and things like that, it'll show here as well.","canonicalId":"term:otd","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"OTD stands for 'Out-the-Door' price, which includes the total cost of purchasing a vehicle, encompassing the vehicle price, taxes, fees, and any additional costs. It represents the final amount a buyer needs to pay to drive the car off the lot.","simplifiedExplanation":"OTD means 'Out-the-Door' price, which is the total amount you pay to buy a car, including everything like taxes and fees. It's the final price you need to know before you can take the car home."}},{"startTime":132.4,"endTime":135.9,"type":"term","title":"add-ons","url":"/glossary/add-ons","quote":"...If a dealership adds add-ons and things like that, it'll show here as well. All sorts of fun reports breaking down like dealer dock fees by different states...","canonicalId":"term:add-ons","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Add-ons are additional features or services that a dealership may offer when selling a vehicle. These can include things like extended warranties, paint protection, or aftermarket accessories, which can increase the overall cost of the vehicle.","simplifiedExplanation":"Add-ons are extra features or services that you can buy when getting a car. They can be things like warranties or special coatings that protect the car's paint."}},{"startTime":873.8,"endTime":880.7,"type":"concept","title":"tariff costs","url":"/glossary/tariff-costs","quote":"...they're going to absorb over 1.5 billion in tariff costs that are going to impact their profitability...","canonicalId":"concept:tariff-costs","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Tariff costs refer to taxes imposed on imported goods, which can increase the overall cost of manufacturing and affect a company's profitability. For automakers like Subaru, these costs can significantly impact pricing and sales strategies.","simplifiedExplanation":"Tariff costs are extra fees that companies have to pay when they bring products into a country from another country. These fees can make it more expensive for companies to sell their cars."}},{"startTime":954.7,"endTime":961.42,"type":"car","title":"Subaru BRZ","url":"/cars/subaru/brz","image":"https://upload.wikimedia.org/wikipedia/commons/6/6a/SUBARU_BRZ_%28ZD8%29_China.jpg","quote":"you know, like what was it? The BRZ, not the BRZ, their electric vehicle that hasn't taken off...","canonicalId":"car:subaru:brz","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Subaru BRZ is a lightweight, rear-wheel-drive sports coupe known for its sharp handling and driver engagement. It shares a platform with the Toyota 86 and is popular among driving enthusiasts.","simplifiedExplanation":"The Subaru BRZ is a sporty two-door car that is fun to drive. It's designed for people who enjoy a more engaging driving experience.","imageAttribution":"Dinkun Chen (CC BY-SA 4.0)"}},{"startTime":993.82,"endTime":1002.04,"type":"car","title":"Volkswagen Id4","url":"/cars/volkswagen/id-4","image":"https://upload.wikimedia.org/wikipedia/commons/0/02/2020_Volkswagen_ID.4_Pro_%28Netherlands%29_front_view.jpg","quote":"There are many vehicles out there, ID4. If Volkswagen build is it, ain't nobody coming to buy it...","canonicalId":"car:volkswagen:id-4","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Volkswagen ID.4 is an all-electric SUV that is part of Volkswagen's ID family of electric vehicles. It aims to provide a practical and spacious electric option for consumers.","simplifiedExplanation":"The Volkswagen ID.4 is an electric SUV that offers a lot of space and a modern design. It's part of Volkswagen's push to create more electric cars.","imageAttribution":"Dennis Elzinga (CC BY 2.0)"}},{"startTime":1142.0,"endTime":1147.1,"type":"brand","title":"Jeep","url":"/glossary/jeep","quote":"So going for the volume play here may actually be something that we see many automakers try to do. And Subaru is pretty notorious for having a simple lineup. Compare the Subaru lineup to like Jeep, for example.","canonicalId":"brand:jeep","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Jeep is an American brand known for its off-road vehicles, particularly the Wrangler, which is designed for rugged terrain and outdoor adventures.","simplifiedExplanation":"Jeep is a car brand that makes vehicles, especially known for their ability to drive off-road and handle tough conditions."}},{"startTime":1187.7,"endTime":1195.9,"type":"term","title":"all-wheel drive","url":"/glossary/all-wheel-drive","quote":"one of Subaru's secret sauces has always been, A, its all-wheel drive, and B, it is reasonably priced...","canonicalId":"term:all-wheel-drive","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"All-wheel drive (AWD) is a drivetrain system that provides power to all four wheels of a vehicle simultaneously, enhancing traction and stability in various driving conditions.","simplifiedExplanation":"All-wheel drive means that all four wheels of a car get power from the engine, which helps the car grip the road better, especially in bad weather."}},{"startTime":1310.8,"endTime":1311.8,"type":"brand","title":"Mazda","url":"/glossary/mazda","quote":"We've seen Mazda sales go backwards because they've tried to go upmarket and they admit they're trying to go upmarket.","canonicalId":"brand:mazda","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Mazda is a Japanese automaker known for producing a range of vehicles, including sedans, SUVs, and sports cars. They are recognized for their focus on driving dynamics and innovative engineering.","simplifiedExplanation":"Mazda is a car company from Japan that makes different types of cars, including sporty ones. They are known for making cars that are fun to drive."}},{"startTime":1353.5,"endTime":1354.5,"type":"brand","title":"Nissan","url":"/glossary/nissan","quote":"Now, if Nissan,","canonicalId":"brand:nissan","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Nissan is a major Japanese automaker that produces a wide range of vehicles, from compact cars to trucks and electric vehicles. They are known for models like the Nissan Altima and Nissan Leaf.","simplifiedExplanation":"Nissan is a big car company from Japan that makes many types of cars, including electric ones. They are known for their popular models like the Altima and Leaf."}},{"startTime":1353.5,"endTime":1354.5,"type":"brand","title":"Mitsubishi","url":"/glossary/mitsubishi","quote":"...Nissan Honda Mitsubishi talking about a merger.","canonicalId":"brand:mitsubishi","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Mitsubishi is a Japanese automaker that produces a variety of vehicles, including SUVs and electric cars. They are known for models like the Mitsubishi Outlander and Mitsubishi Eclipse.","simplifiedExplanation":"Mitsubishi is another car company from Japan that makes different kinds of cars, including SUVs. They are known for models like the Outlander."}},{"startTime":1353.5,"endTime":1354.5,"type":"brand","title":"Honda","url":"/glossary/honda","quote":"...Nissan Honda Mitsubishi talking about a merger.","canonicalId":"brand:honda","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Honda is a well-known Japanese automaker recognized for its reliable cars, motorcycles, and power equipment. Popular models include the Honda Civic and Honda Accord.","simplifiedExplanation":"Honda is a famous car company from Japan that is known for making reliable cars like the Civic and Accord. They also make motorcycles and other equipment."}},{"startTime":1407.2,"endTime":1410.0,"type":"concept","title":"electrification","url":"/glossary/electrification","quote":"Honda is experiencing some financial issues. The cost of electrification and the cost of tariffs has cut their, I mean, they're losing money.","canonicalId":"concept:electrification","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Electrification refers to the process of replacing traditional internal combustion engines with electric powertrains in vehicles. This transition is driven by the need for cleaner energy sources and reducing greenhouse gas emissions.","simplifiedExplanation":"Electrification means changing cars from using gasoline engines to using electric power. This helps reduce pollution and is better for the environment."}},{"startTime":1407.2,"endTime":1410.0,"type":"term","title":"tariffs","url":"/glossary/tariffs","quote":"Honda is experiencing some financial issues. The cost of electrification and the cost of tariffs has cut their, I mean, they're losing money.","canonicalId":"term:tariffs","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Tariffs are taxes imposed by a government on imported goods, which can affect the cost of manufacturing and selling vehicles. They can lead to increased prices for consumers and impact a company's profitability.","simplifiedExplanation":"Tariffs are extra fees that governments charge on products coming from other countries. This can make it more expensive for companies to sell their cars."}},{"startTime":1573.3,"endTime":1574.3,"type":"company","title":"Carvana","url":"/glossary/carvana","quote":"...one company that has actually been the darling of the past few years, well, that company would be Carvana, who reports their quarterly earnings tomorrow.","canonicalId":"company:carvana","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Carvana is an online used car retailer that allows customers to buy, sell, and trade vehicles through a digital platform. They are known for their unique car vending machines and home delivery service.","simplifiedExplanation":"Carvana is a company that sells used cars online, making it easy for people to buy and sell cars without going to a dealership."}},{"startTime":1715.0,"endTime":1724.5,"type":"concept","title":"new car sales","url":"/glossary/new-car-sales","quote":"...because the new cars are too damn expensive. And so, and as dealers are anticipating a slow down in new car sales, and every pundit has spoken about that for 2026...","canonicalId":"concept:new-car-sales","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"New car sales refer to the transactions involving brand new vehicles sold by dealerships to consumers. A decline in new car sales can impact the overall automotive market, including the used car market.","simplifiedExplanation":"New car sales are when people buy brand new cars from dealerships. If fewer new cars are sold, it can affect the prices of used cars too."}},{"startTime":1732.1,"endTime":1738.9,"type":"concept","title":"used car prices","url":"/glossary/used-car-prices","quote":"...bidding up used car prices higher and more quickly this year than what we have historically seen. That doesn't bode well for used car buyers out there...","canonicalId":"concept:used-car-prices","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Used car prices refer to the market value of pre-owned vehicles. These prices can fluctuate based on demand, supply, and economic conditions, often rising when new car prices are high.","simplifiedExplanation":"Used car prices are how much people have to pay for cars that have been owned before. These prices can go up or down depending on how many people want to buy them and how many are available."}},{"startTime":1836.8,"endTime":1842.4,"type":"term","title":"asset-backed securities","url":"/glossary/asset-backed-securities","quote":"...create that loan and then being able to package all the loans that they create and sell them off as asset-backed securities. Which to be clear here is what a lot of car dealerships are turning into in the savvy ones.","canonicalId":"term:asset-backed-securities","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Asset-backed securities are financial instruments backed by a pool of assets, such as loans or receivables. In the context of car dealerships, they often package loans made to customers for purchasing vehicles and sell them to investors.","simplifiedExplanation":"Asset-backed securities are like investments that are backed by things people owe money on, such as car loans. Car dealerships can bundle these loans together and sell them to make money."}},{"startTime":1847.39,"endTime":1852.63,"type":"car","title":"Volkswagen Tiguan","url":"/cars/volkswagen/tiguan","image":"https://upload.wikimedia.org/wikipedia/commons/e/e9/Volkswagen_Tiguan_III_1X7A2497.jpg","quote":"This weekend, the Wall Street Journal Review was a new Volkswagen Tiguan. $45,000 are they on drugs? My 230i M Sport was $45,000 and I got it for $37,000, not as practical, but also not a Volkswagen.","canonicalId":"car:volkswagen:tiguan","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Volkswagen Tiguan is a compact SUV that offers a blend of practicality and performance. It's known for its spacious interior and advanced technology features, making it a popular choice in the crossover segment.","simplifiedExplanation":"The Volkswagen Tiguan is a small SUV that is good for families and has a lot of space inside. It also comes with modern technology to make driving easier and more enjoyable.","imageAttribution":"Alexander-93 (CC BY-SA 4.0)"}},{"startTime":1852.79,"endTime":1862.95,"type":"car","title":"BMW 230I","url":"/cars/bmw/2-series","image":"https://upload.wikimedia.org/wikipedia/commons/1/1d/BMW_2-Series_F22_Avignon_Motor_Festival_2014-03-23.jpg","quote":"...Volkswagen Tiguan.  $45,000 are they on drugs? My 230i M Sport was $45,000 and I got it for $37,000, not...","canonicalId":"car:bmw:2-series","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The BMW 2 Series is a compact luxury car that combines sporty performance with upscale features. It's known for its agile handling and powerful engine options, making it a popular choice among driving enthusiasts. The mention of its pricing in comparison to other vehicles highlights its value proposition in the luxury segment.","simplifiedExplanation":"The BMW 2 Series is a small, fancy car that is fun to drive and has nice features inside. People often talk about it because it offers a good mix of performance and luxury, especially for its price.","imageAttribution":"Navigator84 (CC BY-SA 3.0)"}},{"startTime":1852.8,"endTime":1863.2,"type":"car","title":"BMW 230i M Sport","url":"/cars/bmw/2-series","image":"https://upload.wikimedia.org/wikipedia/commons/1/1d/BMW_2-Series_F22_Avignon_Motor_Festival_2014-03-23.jpg","quote":"My 230i M Sport was $45,000 and I got it for $37,000, not as practical, but also not a Volkswagen.","canonicalId":"car:bmw:2-series","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The BMW 230i M Sport is a sporty coupe that combines performance with luxury. It features a powerful engine and is designed for driving enthusiasts who appreciate a dynamic driving experience.","simplifiedExplanation":"The BMW 230i M Sport is a stylish and sporty car that is fun to drive. It has a strong engine and looks great, making it a good choice for people who like performance cars.","imageAttribution":"Navigator84 (CC BY-SA 3.0)"}}],"speakers":[{"id":"s1","name":"Ray","role":"host"},{"id":"s2","name":"Zach Shefska","role":"host"},{"id":"s3","name":"Bleav","role":"host"}],"transcripts":[{"url":"http://getcarcurious.com/episodes/1-in-5-americans-are-now-paying-1-100-monthly-for-cars-the-payment-crisis-exposed-episode-1013/transcript.vtt","type":"text/vtt"}]}