00:43
Oh, I'm late. How are you?
00:45
Yeah, not too bad. Thanks, buddy. Not too bad.
00:47
Have we given up on Patrick with this podcast?
00:49
Yeah, he's not on this one because the last one,
00:51
if those of you tuned in, he was doing really, really well
00:54
and then going to froze with this gormless mouth open expression
00:57
that we had to then look at for about half an hour.
01:00
So we decided just not to invite him in on this one.
01:03
Internet's just so unreliable.
01:05
I mean, I know it was me, what, six months ago, a year ago.
01:08
Then it was you a little bit.
01:10
And now it's Pat. And Pat lives in London.
01:13
So it's just crazy.
01:15
But anyway, good to see you, mate.
01:17
Yeah, about everyone.
01:18
Everyone, welcome back to the Drive Talk podcast,
01:20
powered by Michelin.
01:22
We're virtual again this week.
01:24
We are desperate to get a face-to-face.
01:26
I know we were together at Boxing Gas just a couple of weeks ago,
01:29
but our diaries at the moment are really silly.
01:34
And mine's silly, actually, because I've got a combination
01:37
of doing lots of work things,
01:39
but also just trying to have a few days off
01:41
with our other halves.
01:43
And I know that you're technically meant to be having
01:46
some time at home with Lou today.
01:48
So I won't keep you very long.
01:50
I mean, I have to look after my marriage because I'm married.
01:55
You're not quite married yet, but you will be soon.
01:58
And so you need to kind of do your forward planning.
02:01
Exactly. Yeah, that's it.
02:03
Well, then the thing that really upset me,
02:05
I'm starting to get these little triggers every now and again
02:08
that make me realise I'm getting old.
02:10
And one of them the other week was we were chatting with some friends
02:13
and they went, oh, it's your silver wedding this year, isn't it?
02:17
And I'm like, well, yeah, it's my 25th wedding anniversary,
02:22
but silver wedding just makes it sound really old.
02:26
Your parents have silver weddings.
02:29
I don't even know what that means, but yeah.
02:33
25 years. Silver weddings 25 years.
02:35
I think golden weddings 50 years.
02:37
Then it goes platinum is 70.
02:39
I think I don't know.
02:40
The first year is like paper or something.
02:42
And then it kind of steps up through things that are worth a bit more.
02:44
But yeah, silver wedding for me this year, 25 years.
02:47
So that's, that's like super scary.
02:51
So, but anyway, anyway.
02:54
So this one, I hopefully all tuned in last episode
02:59
and we gave you some great examples of PCP deals
03:03
where we looked at budgets of 250, 500 and 750 pounds a month.
03:09
And we found, I think we found some absolute bangers,
03:12
some really good cars.
03:14
And I think, you know, hopefully you've recovered now
03:17
because you actually chose an electric car or two,
03:20
which was impressive.
03:22
One. You know, I, well, yeah.
03:24
Okay, one, but you agreed with my second one
03:26
and that was an electric car.
03:29
So this episode, we're going to,
03:32
now you've got to tell us what Lou said
03:35
when you were talking to her about the title of this podcast,
03:39
because we've done quite a few podcasts over the last year or so
03:43
about, or mentioning in them about horribly depreciating cars.
03:49
In fact, we did one just a couple of episodes ago
03:51
because they are eye watering, quite funny
03:55
unless you're the person who's bought that car.
03:57
And also at the moment, there's plenty of ammunition to go after, right?
04:02
There's lots of cars that hemorrhage money.
04:06
And people love, I think people, I think the problem is as well
04:10
and I think I'm not pointing the finger at anyone
04:13
because I'm just as guilty as anyone else.
04:16
But we do all love misery, don't we?
04:19
And I'm a bit of a cynical old man these days,
04:21
but anything that's a bit miserable,
04:25
whether it's depreciating cars or what,
04:27
it's always like, oh, how much have they lost
04:29
or how much has that car lost?
04:31
So anyway, so this time, sorry, Ben.
04:36
But it is, though, especially, I mean,
04:38
you've got to say the auto trader price tracker plug-in
04:42
that you can put on your Google Chrome browser
04:46
is just the best thing ever
04:48
because you can just see literally how,
04:51
because it is normally, for the vast majority of cars,
04:54
let's face it, all cars,
04:56
the second you roll them off the forecourt
04:57
are going to lose some money.
04:59
So it's a case of how much money they lose.
05:01
But in this episode, we thought we'd try and find
05:04
or talk about cars that depreciated the least.
05:11
I mean, I know we're given 10 years,
05:13
but none of mine are exactly 10 years.
05:17
I've flown a bit fast and loose with the brief,
05:21
That's unlike you, Ben.
05:27
I found this one quite hard, actually.
05:29
But yeah, so that's the subject for today.
05:32
But we do want to have a chat about a couple of things
05:34
before we get to that point, don't we?
05:40
Maybe let's talk about, as we're sponsored by Michelin,
05:43
should we talk about tyres?
05:44
And maybe the fact that you managed to get a lot of punches,
05:47
and I don't want to tempt fate here,
05:50
but you've had a lot of punches over the last couple of years,
05:54
but there's a good reason for that.
05:57
I mean, I had that back when I worked with Hendy.
06:00
I had that Astra electric.
06:02
I had three punches in two weeks.
06:06
So two things, and this is me racing driver excuses.
06:09
We obviously built the garage that I'm sat in now
06:13
and whenever you've got a building works or trades around,
06:17
no matter how careful the builders are,
06:19
you will find that nails and screws and stuff get dropped
06:22
and we've got shingly gravel outside.
06:24
So the nails and screws kind of instantly disappear
06:29
And then Tracy has been working on a project of Goodwood
06:34
which has basically been a building site.
06:36
And then also actually,
06:38
when she's working around revival
06:41
or around festival of speed or members meetings,
06:44
she's often on site and they're building sites
06:46
and there's nails and stuff.
06:48
So we do get a disproportionate amount of punctures.
06:52
But yes, I have had a puncture on the little mini
06:57
I've had it for about five weeks maybe,
07:02
So I've been having to kind of top up the pressure
07:04
every two or three days
07:06
because I just haven't been asked
07:07
or haven't had the time to go and get it sorted.
07:11
But I eventually did go and get it sorted.
07:14
But it kind of made us think,
07:17
why don't we have a chat about punctures and puncture repair?
07:20
Because I don't know about you,
07:21
but I'll on forums and Facebook groups
07:24
and sometimes I'll get DM questions about punctures.
07:27
And the most the normal one is someone will bitch and moan
07:31
because they saw a picture of a photograph of a tire
07:33
and they'll be like a screw or a nail.
07:35
And it'll be in like the sidewall
07:37
and they'll moan that they had to buy a new tire.
07:40
And so we thought we'd chat about tires
07:44
and the repair of those tires
07:46
from a kind of Michelin standpoint really
07:48
because I think a lot of people
07:50
will probably find it quite surprising.
07:56
Yeah, I know I was when I first heard the official line
08:00
from James about the fact that
08:04
essentially they encourage us,
08:06
not just us, you and I,
08:08
they encourage their customers to repair punctures,
08:12
repair the tire as opposed to going out and buying a new tire.
08:16
There's lots of do's and don'ts around that,
08:20
but the bottom line is they're encouraging that.
08:23
And I love that sort of black and white brands,
08:27
the world, we all love this sustainability label
08:32
and everyone pretends to be saving the planet in most cases,
08:36
but there's nothing more real
08:38
than something like preserving a tire
08:43
that is still good and has lots of life in it
08:45
and fixing it and using it
08:47
rather than just replacing the entire thing.
08:51
I think I came across it last year
08:53
because I had a puncture in the Boxster
08:56
and it was only about two weeks
08:58
before I was due to go on a drive tour to Spain
09:01
and the car had gone into Porsche, Portsmouth,
09:06
for its MOT and I just wanted them to give the car a check over
09:10
and they rang me and said,
09:11
do you've got a puncture in your rear tire?
09:13
We're going to have to replace the tire.
09:15
And I said, well, where's the puncture?
09:16
And they said, did you, right in the middle of the tire?
09:19
I said, well, repair it.
09:21
No, no, no, you can't.
09:22
It's a performance car.
09:23
You've got to replace the tire
09:24
and they failed the MOT.
09:25
It was an advisory on the MOT
09:27
and they said, you need to replace the tire
09:30
and I rang up James and I kind of said,
09:33
look, can I get a new tire?
09:34
Or actually it was going to get two tires
09:36
because you generally should,
09:38
unless it's quite a new tire,
09:40
you want to replace them in pairs.
09:41
And this is like halfway through its life,
09:43
probably five mil worth of tread,
09:48
And James said, well, repair the tire.
09:51
And I said, well, okay,
09:52
but it's a performance car
09:54
and also on the drive tour I'm going to be going on,
09:58
we've got a track day.
09:59
A half a day on track,
10:01
but surely I should get a new tire for that.
10:04
And again, the reply was,
10:06
as long as it's a professionally done repair
10:10
to the right standards,
10:12
repair is as good as a new tire.
10:15
And I took the tire,
10:17
I got Porsche to leave it.
10:18
It was a nail in the tread pattern
10:21
and they hadn't removed it.
10:22
And I took it to my local tire center
10:24
and actually in that case,
10:26
when they took the nail out,
10:28
it was a screw head.
10:29
When they took the screw head out,
10:31
it wasn't actually deep enough
10:33
to go through the tread block into the tire.
10:35
So it wasn't causing the tire to deflate.
10:37
It was just the head of a screw in the tread box
10:40
who didn't actually need fixing anyway.
10:42
But I just found it really interesting
10:45
that you would assume
10:47
and a lot of people out there probably do assume
10:49
that if you get a puncture,
10:52
maybe in the more high performance car market
10:54
that you have to replace the tire
10:56
and that isn't the case.
10:57
Unless the puncture site
11:01
is within a certain distance
11:03
of the edge of the tire.
11:04
So it's generally, if it's in the middle,
11:06
I can't remember I should have done some research
11:08
how far away from the edge of the tire it has to be.
11:11
But if it's too close to the sidewall
11:13
or if it's damaging the sidewall,
11:15
that is not repairable
11:17
and you will need to have a new tire.
11:19
And also if you've driven on the tire
11:22
with it completely flat,
11:24
oh yes, you destroy the carcass
11:26
and all that stuff.
11:27
Yeah, because when you take it out,
11:29
I remember being at Michelle Diva
11:31
where I used to take my tires
11:32
and I'd had a puncture
11:33
and it was Tracy who had had the puncture
11:36
and she'd driven a little bit
11:38
and then when we took the tire off
11:39
it was just full of black dust,
11:43
and that was the sidewall of the tire
11:45
that it just basically,
11:46
on the inside it was like,
11:47
oh no, that's a shock.
11:49
So I had that on the Mini last week
11:52
and it was just a screw,
11:54
right in the middle of the tire,
11:56
right in the middle of a tread block as well.
11:59
And it was a fix on our way
12:02
and that was all good.
12:04
It's a bit like the minimum tread depth thing as well.
12:07
Again, the line from Michelin on minimum tread depth.
12:09
And this is way back
12:10
my first ever press event.
12:12
It was like eight, nine years ago.
12:14
I went and did a thing at the big Michelin,
12:19
to do the big test facility that Michelin have in France.
12:22
And that was all about running tires
12:24
down to the legal tread depth limit of 1.6 mil.
12:28
When lots of tire resellers
12:32
and manufacturers will say
12:33
that you have to change the tires at 3 mil,
12:36
and Michelin's argument is for a premium tire,
12:39
for their tires they are designed
12:41
to operate within spec down to 1.6 mil
12:44
in both dry and wet weather conditions.
12:47
And just that extra 1.4 mil
12:50
is a good, I don't know,
12:52
a couple of thousand miles worth of driving probably.
12:56
As long as you've got your tires,
12:58
all your wheels properly aligned
13:00
and all of that kind of stuff.
13:03
Yeah, and again, that's another real case scenario
13:07
back on white of being more sustainable
13:10
using that tire for longer.
13:12
But like you said, putting it into practice
13:14
it's like when I went out to Sweden
13:16
a couple of years ago with Michelin
13:18
and they were talking about, you know,
13:20
the fact that they're really focusing on that.
13:22
They continue to focus on that.
13:23
Talking to our good friend, Jonathan Benson,
13:25
that does loads of tire testing
13:27
and he, you know, he's always banged on at me
13:29
about how much Michelin test their worn tires.
13:33
Like they test, you know, worn tires all the time
13:37
just alongside the new version of the tire
13:40
because they want to make sure that
13:42
especially something like that,
13:43
like a cross climate tire or winter tire,
13:46
you know, once they wear down in your head
13:48
you're like, well, they're going to become useless.
13:50
But even with that sort of tire,
13:51
they make sure that when they're down towards their 1.6 mil,
13:54
they're still performing at like 80, 90%.
13:58
But then, yeah, I guess that the problem is
14:02
and that we all face is you take it into a main dealer
14:05
or even a tire dealer,
14:09
they make money from selling tires, don't they?
14:12
So then you've got that conflict of interest
14:14
where they want to sell your tires.
14:17
And the line's always been, oh, well,
14:20
it's under three and a half mil or four mil,
14:22
you should consider changing your tires.
14:24
So it's always, but I think making people aware
14:27
that actually your Michelin tires are good
14:30
until, you know, until two mil.
14:32
I don't suggest going down to 1.6,
14:34
because at 1.6 you then go down to 1.5
14:37
and suddenly your tires are in the law,
14:41
So there's, you know, but it's interesting.
14:45
But when you see, I mean, that trip I went on,
14:47
we did wet weather and dry weather tests
14:51
with a worn premium tire, a Michelin,
14:54
and a brand new budget tire,
14:56
and the worn premium tire outperformed
14:59
a brand new budget tire in wet and dry weather braking.
15:03
And I remember the most scary one,
15:05
we did wet weather brake test with a worn budget tire
15:10
so there was like the car came up,
15:11
it was only doing like 30, 40 miles an hour,
15:13
came up to a line to start braking
15:15
and the braking zone was wet
15:17
and this car just went off the end.
15:19
It didn't stop at all.
15:21
It was super scary.
15:23
Because I'll see on forums from, you know,
15:25
when I had the puncture done,
15:27
there was a car in there
15:28
and it was a nice Audi A5,
15:34
looked like a nice spec one.
15:35
It was a few years old.
15:36
It was maybe four or five year old car
15:39
but it was a two liter diesel A5 rather
15:46
and it had, I can't even remember the name of the tires
15:49
like Ying Yang Wing Wongs or something.
15:52
looked like they've bought them out of a cracker.
15:55
They were just awful.
15:58
what in the world possesses someone,
16:02
you're only connected to the road
16:04
by four bits of rubber
16:07
and that contact patch is probably the size of a credit card
16:11
So, you know, a tall guy,
16:13
but it's only the wife driving that car.
16:15
She's not driving hard.
16:16
She's probably got kids in the back
16:17
taking them to school.
16:18
By decent size people.
16:21
Anyway, all the big mentality with that is
16:25
a lot of the time it's a Range Rover
16:27
or something like a used X5,
16:30
but maybe that Audi A5 was Quattro.
16:33
So in their head they're like,
16:34
well, I've got Quattro all wheel drive
16:36
so I don't need good tyres.
16:38
It's like giving a really good football player
16:44
and a muddy pitch set of ballerina shoes.
16:47
Like that really good football player
16:50
can't play football in the mud with ballerina shoes on.
16:53
Even though they're very talented.
16:55
Do you know what I mean?
16:57
I mean, I sent you the photograph.
17:00
I was at a car meet last week
17:02
and someone turned up in a Corvette.
17:09
Cup two's all round
17:11
and you could not see the tread pattern on them.
17:14
And you just look at them and you go,
17:16
what are you thinking?
17:18
For a start it's three points per tyre
17:21
if you get stopped and they're illegal.
17:25
So that's instantly he's lost his licence
17:27
if you got stopped on the way home.
17:29
If there's a, I don't know,
17:30
a little bit of rain on the way home
17:32
or hits a bit of low traction surface
17:34
you're absolutely stuck.
17:36
I don't understand the mentality of some people.
17:39
Anyway, enough preaching,
17:40
but my puncture's fixed
17:42
so I don't have to keep topping me air up
17:44
every couple of days.
17:46
Because Trace is using the Mini a lot of the moment.
17:48
So in the morning I'm like,
17:49
I'll need to go and put some more air in the tyre.
17:51
I'll get it fixed this week,
17:52
I promise, but it's sorted.
17:55
If only you could over the air update
17:58
the tyre pressure on your car.
18:07
Hashtag Segway Club.
18:15
So the reason for that Segway
18:18
is a thing we've spotted in the press.
18:21
I don't know, where did we see it?
18:23
I don't know where it was.
18:30
and I just, I mean, I know BMW had a bit in the press.
18:34
Was it 12 months, 18 months ago,
18:36
where they were starting to,
18:38
it was a heated seats or something out of paper.
18:41
Yeah, four or five years ago.
18:46
with their new ID3 Pro,
18:49
which is kind of like their hot hatch
18:51
electric little Mini thing,
18:59
in performance on the car
19:04
So if you want another 27 horsepower
19:09
you've got to pay £16.50 a month,
19:11
and they will unlock that through a paywall.
19:14
And I wondered what your thoughts were on that one.
19:17
I mean, I guess that's,
19:19
it just shows, doesn't it,
19:21
these electric cars.
19:22
Well, we already know,
19:23
like you said, BMW have done it.
19:24
A lot of modern cars,
19:26
electric or combustion engine or hybrids or whatever,
19:28
as we know, they're stuff full of electronics.
19:33
a lot of these manufacturers these days
19:35
with like, let's use heated seats,
19:37
because you said that earlier on.
19:39
A lot of these cars have already got the elements
19:42
all the infrastructure for those heated seats in the car,
19:44
but all they're missing is like the button
19:46
or not even a button because it's touchscreen,
19:48
all they're missing is the software
19:51
to allow you to turn the seats on.
19:53
So then, of course, with electric cars,
19:57
well, you're then just extending that technology
20:01
or that know-how into,
20:03
oh, what if the motor's able to give you some more power,
20:06
which in a lot of cases they are, right?
20:08
Because there will be a motor that's shared
20:10
across the Volkswagen platform
20:12
and in the bigger ID7,
20:13
it might be producing $500 per hour, $300.
20:16
So it doesn't surprise me.
20:19
I think it's very cheeky,
20:24
On one hand, if it means that the entry-level car
20:27
is cheaper for the average punter
20:30
that just wants to buy it and use it as a daily
20:33
and it makes that car a bit cheaper, then great.
20:35
And then if it's a youngster that's coming in,
20:37
but if you or I were born today
20:40
and we could only buy an electric car today,
20:42
we were 17, 18-year-old today
20:44
and we were about to go out and buy an ID3
20:46
and there was only electric cars available,
20:48
so even I had to go and buy an electric car.
20:51
The thought of all having an extra new 30 horsepower
20:53
for a bit, that would have excited me
20:56
because it would be the same as you and I
20:58
in our time, like, you know, doing a little tune
21:01
or putting an exhaust in your car or something.
21:04
So it doesn't surprise me.
21:06
Do we know prices or what they wanted to charge that?
21:09
It was $16.50 a month.
21:13
I mean, it's not that different.
21:16
Tesla have been doing this for years, right?
21:18
So Teslas, they're all built
21:21
with all the functionality, autopilot
21:24
and all those cool things in there
21:26
and then you can just have them activated over the air
21:29
so you can pay Tesla and they'll activate
21:31
that feature over the air.
21:33
And in a way, you touch on a point
21:35
and it goes back to, I mean, I did, by degree,
21:38
a very, very long time ago, back in the days,
21:40
you know, before the internet and student loans,
21:43
but when I did a degree in manufacturing
21:45
and we actually did a case study on Ford at the time
21:48
and it was when the Ford range, this is going to date it,
21:51
when they were like L, GL, GLS, gear, right?
21:55
They were different, you remember those?
21:59
And we worked out that if Ford made every,
22:03
it was an escort, I think we did it on,
22:05
made every Ford escort at gear trim,
22:08
so the highest spec trim,
22:10
but every single car was the same
22:12
because the manufacturing process would be standardised
22:15
because it's the customisation of every different car
22:18
that costs the money,
22:19
that they would make the cars a cheaper per unit rate
22:23
and they would be able to sell them cheaper than the L trim.
22:27
Because the cost of manufacturing would go down.
22:29
So I kind of get it, I would assume,
22:31
and let's say the thing about the motor,
22:34
if you just use one motor,
22:36
you only have to strike a deal with one motor,
22:38
one motor for the supply chain, it goes in every car,
22:40
and then you just activate its power capabilities in software
22:44
and software, once it's written, is free.
22:47
So I kind of get it completely.
22:50
The bigger question though is,
22:52
if that's a trend that we start to see,
22:54
what does that mean for tuning?
22:57
And I know this is an electric car thing,
23:00
and I know some people aren't interested in modifying
23:02
and tuning at all, but we are,
23:04
and we've done lots of stuff over the past
23:06
with various cars where you have a Stage 1
23:09
or you go to someone like a Motec
23:12
or a Mulgaari Mini, or whoever that might be,
23:15
and you get them to, or Litchfield,
23:18
there's loads of companies that do it,
23:20
and they increase the performance of the car.
23:23
The challenge with EVs,
23:25
I can see everything's just going to be locked down
23:28
behind a software firewall
23:31
that you can't change because it's proprietary software
23:33
and it will be encrypted,
23:35
and the only way you're going to get performance updates
23:37
is by things like this.
23:39
And I can almost see spring forward
23:42
10, 15 years, 20 years
23:44
when the kids of today are buying their first car
23:47
that they won't be able to do the things we've done
23:49
because the only way you'll be able to do it
23:51
is go to a brand and pay money for it.
23:54
Yeah, and another...
23:56
It is depressing, although I really hope
23:59
and believe that in 10 or 15 years,
24:01
we will be back building combustion engine cars.
24:05
That's what I hope for the next generation,
24:07
but that's just my own thoughts.
24:10
But the other question is
24:13
if you're upgrading your car
24:15
and extra 30 horsepower,
24:17
then surely your insurance needs to know that.
24:20
Like what happens there?
24:23
Do you bring up the insurance?
24:25
Next month I'm adding 27 horsepower to my car.
24:29
But then not the month after that?
24:31
Yeah, September 27,
24:33
then through the winter months
24:35
I don't need that extra 27 horsepower,
24:37
so I'm not going to subscribe.
24:39
Can I have a quote on that?
24:41
I mean, it's just mad.
24:43
That's going to cause a lot of...
24:45
It is, but you're right.
24:47
If you change the car
24:49
and my advice to people
24:51
working with an insurance company as I do,
24:53
it's super simple advice.
24:55
You do anything to your car,
24:57
anything, tell your insurance company.
24:59
The least they can do is go,
25:01
we didn't need to know that,
25:03
but you're not telling them
25:05
and then you're having an incident
25:07
and then going, hold on a minute,
25:09
lots of just have just looked at your car
25:11
and you've just upgraded
25:13
to the extra 27 horsepower
25:15
on VW, your car's not insurance.
25:19
Let us know in the comments below
25:21
what you think of that
25:23
because I know the subscription service
25:25
in general is a hated thing,
25:27
but there are two sides to it.
25:29
Like I said, if it means that the base car
25:31
is the majority of people,
25:33
then that's kind of a positive thing
25:37
It's a weird thing.
25:39
It's no different to buying some more cloud storage
25:41
for your iPhone, is it really?
25:45
Maybe that's stretching the analogy a little bit,
25:47
but you know what I'm going to do.
25:49
About the same price these days.
25:53
But if your car hasn't lost money
25:55
then you're not so worried about
25:57
spending that money.
26:01
that's going to depreciate the least.
26:09
I'm basically what it is
26:11
I'm trying to get a sponsorship by Segway.
26:21
So we thought we'd chat about
26:23
least depreciating cars.
26:25
I don't know where to start with this.
26:27
Well-known examples of
26:31
Normally at the high end
26:35
Examples for me would be from Porsche.
26:37
Something like a 911 ST.
26:41
if you're lucky enough to get a build slot for one of them
26:43
they're going to go up in value
26:45
by a truckload. You'll sell them for above list
26:47
for, I don't know, 12 months or so.
26:51
So we kind of know about those or heard about them.
26:55
don't you predict when they're going to happen
26:57
or are there examples of more normal cars
26:59
where they just hold their money well
27:01
and I'd love to know why it is
27:05
Yeah. And on average
27:11
Oh, you've not asked chat GPT this, have you?
27:13
Well, I just put it in Google.
27:15
You know when you search and then it just comes up with an AI answer
27:17
but a four-year-old car in the UK
27:19
on average loses between
27:21
40 and 60% of its value.
27:23
A three-year-old car
27:27
So let's just say in three years
27:33
would lose about 50% of its value.
27:39
Yeah, there are obviously there's some...
27:41
The examples that we're going to look at today
27:43
which hopefully don't lose that much
27:45
and then there's examples
27:47
like the majority of electric cars out there
27:49
that do lose more money
27:53
Yeah, who's going to start with this one then, Ped?
27:55
Well, I'm going to share
28:01
And then we can kind of chat about it
28:03
and I've looked at... So one of the things I found with this
28:07
when you're looking at
28:09
trying to find a used car
28:11
let's say two, three, four, five years old
28:13
is understanding what that car was
28:15
new in terms of price.
28:17
It's quite tricky because you kind of
28:19
can go and have a look but if you go on a
28:21
configurator then the price you're going to get
28:23
is today's price, not the price it was three years ago
28:25
so it is a bit tricky.
28:27
You can Google it. Again, if you Google it
28:29
it will give you... That's what I've done with all mine.
28:31
You can just Google how much was this car
28:33
in whatever and then it'll say in this...
28:37
Have you put something in? Oh, here we go.
28:39
No, I've just put it in that. So this is a report
28:41
from a finance company
28:45
Oh wait, but this gives away all the answers.
28:47
No, but we don't have to...
28:49
I know, we're not going to say
28:51
that's just there for your reference.
28:53
We don't have to share it with our listeners
28:59
based on that, I'm going to go first
29:07
that I have driven.
29:09
I went out to the launch
29:15
It's a brilliant car.
29:17
And that is the new
29:19
Toyota Land Cruiser.
29:27
let me just put these two in here.
29:29
Now, there's a couple of reasons
29:31
why I think this car
29:33
depreciates the least.
29:35
And I know we said three, four or five years
29:37
and they've only seen out in a year.
29:39
No, we didn't. We said ten years.
29:43
All mine are basically ten years old.
29:47
We're flying fast and loose with the brief here.
29:49
That's what I do all the time, right?
29:53
I found this one really hard.
29:57
when we were discussing this, I said
29:59
let's work with some newer cars
30:01
and then the general conversation was
30:03
no, let's go ten year old.
30:11
factors that leads the cars holding their money.
30:17
So I put two links in
30:19
that we can kind of share as we chat in a way.
30:21
One is Auto Trader, looking at
30:29
And the other one is the Toyota Configurator.
30:33
Because if you want to build a Land Cruiser
30:37
So I put one together
30:43
Configurator and the link I've sent you.
30:45
No, I've got it to like about
30:51
what was the spec in...
30:55
There's not a great deal to...
30:57
You can choose the engine obviously
30:59
but the wheels and colour
31:03
But if you look on Auto Trader
31:07
it's kind of like 90 grand,
31:13
If you know on the price tracker
31:15
there's quite a few of them have gone up in price.
31:19
And the reason for that,
31:21
one they're a really good car
31:25
were only bought to the UK
31:27
in really small numbers.
31:29
I think it was something ridiculous like
31:31
a Toyota dealer only got
31:33
two allocated to it.
31:35
They're rare and that means
31:37
the initial depreciation.
31:39
So we can cover this off
31:41
in terms of it's the same I guess
31:43
for something like a Porsche product
31:45
or one of the Ferraris or something
31:47
where you have to buy a number of cars
31:49
to get a build slot.
31:51
And the GR Yaris to some extent is the same
31:53
because the supply is so minimal
31:57
The new Range Rover was the same.
31:59
I know we joked about Tom Howard having a Range Rover
32:01
but when he got that
32:03
10s of thousands of pounds more
32:05
just to sell it on.
32:07
Because that initial first 12 months
32:11
cars are scarce to get hold of
32:13
there are people out there with money
32:15
who just want the latest shiny thing.
32:19
so this is me justifying
32:21
my choice by the way
32:23
in that first year to two years
32:25
if you've got a car that has
32:27
really good reviews like the New Land Cruiser
32:29
because it's a brilliant bit of kit
32:31
isn't available in big numbers
32:33
and everybody wants one
32:35
supply and demand will mean
32:37
that basically they hold their money
32:39
or they go up in value
32:41
and that's where you start to get this
32:43
and I've still never got my head around someone
32:45
who would pay over list for a car
32:51
that's an interesting car
32:53
something I don't even really think about
32:55
because you just don't see them out and about
32:57
because they're so like you said low numbers
33:01
like you said clearly hold their value
33:03
have gone up in value but I think
33:07
I mean this particular example is good
33:11
if you're working off
33:13
that as a new model
33:15
it does like look at M3 Touring
33:17
the first few months that was out
33:19
people were asking massive overs
33:21
and then the market was flooded
33:23
and they all just disappeared
33:25
and looking on here
33:27
that links nicely into what you said
33:29
so you could if you were in that kind of
33:31
space and you did pay overs and then
33:33
the market crashed because they suddenly bought loads in
33:35
you're in a big world of hurts right?
33:37
Yeah and I think even looking at some of these examples
33:39
on here like there's a 25 plate one
33:41
that's been up and it's already dropped
33:47
April so they originally advertised it
33:49
and that to me looks like and it's only done 800 miles
33:51
so it looks to me like someone's bought that
33:53
speculated though I'm going to flip it
33:55
for a little bit of extra money
33:57
and they're still stuck with it
34:01
it's always a risk but either way
34:03
I think any of these would sell
34:05
you know you could sell them at least
34:07
every day of the week if you're saying
34:09
they're nicely built ones 80 grand or something
34:13
now it's an interesting car and it's one that
34:15
like I said I know nothing about
34:17
but you've driven and
34:19
I do appreciate and respect
34:21
Landcruise it's always been such a legendary
34:27
it is but it's funny it's not
34:29
it is outside of the
34:31
so if you go to well obviously
34:33
you're part of half Australia you go to Australia
34:35
they're like the mythical status over there
34:37
and the same if you go to the Middle East
34:39
it's the same over there but it's just
34:41
a car that's never really
34:43
it's not that we don't get them over here
34:45
they just not got the same
34:47
the same kudos over here I don't think
34:51
or in Dubai or something like that
34:59
brief properly then
35:09
and I guess this is what
35:11
we've done it with a few
35:13
of our challenges we both read the brief
35:15
slightly in different ways and there's nothing wrong
35:17
with that because people watching might read it
35:19
in a completely different way again
35:21
but so I've picked out examples
35:27
haven't appreciated
35:29
massively or in some cases have
35:33
in a 10 or so years
35:35
ignoring like you have
35:37
the obvious ones like we all know
35:39
if you buy like a Porsche GT3 or an
35:45
then you're going to be fairly safe
35:51
I'm going to give you a clue
35:53
it's a reasonably priced car
35:55
it was when it was new and it's actually a car
35:57
that I think Tim, Shmi still owns
36:05
reasonably priced car
36:15
so when they were new
36:19
the heritage focus was 39,500
36:23
it came as it was there was no options
36:25
they were all orange
36:27
I can't remember how many they made
36:31
and of course everything Ped and I are
36:33
showing today are like speculating prices
36:35
they're not, these cars aren't sold
36:37
that's what they're advertised for
36:39
but I mean this one is an extremely low mileage one
36:43
and it's 7 years old
36:45
yeah and there's a high mileage one
36:47
on there for about 68 grand
36:49
so they're all trading between
36:53
I remember Tim saying that people are selling
36:59
no worries so if you look at that
37:03
what's that 30, 40, 50, 60, 7
37:09
if it's sold for that
37:11
nearly 40,000 pounds
37:13
and it's a Ford Focus
37:15
so talk about a safe place to put your money
37:19
used your Ford Focus heritage
37:21
RS heritage edition
37:27
in the plus if you used it as a daily
37:31
with like 30,000 miles on it so
37:33
I mean that's an interesting car because
37:35
number one it's a Ford Focus
37:37
and no offense to anyone that's called Ford Focus
37:39
brilliant cars but it's not like
37:41
you don't think all Ford Focus
37:43
that's going to hold value
37:47
edition or any of the RS
37:49
is like the Mark II is holding value
37:51
what made those particularly special
37:53
were they just do they have like a plaque on them
37:55
somewhere in a number or were they different
37:59
or I can't remember
38:01
I think the wheels are
38:03
special like they're lightweight
38:05
and I think there's some tweaks with the suspension
38:07
and probably a plaque but
38:09
off memory it wasn't like
38:11
they weren't like touring cars
38:13
that were registered for the road
38:15
it was very very similar to a regular
38:17
RS which was still a great car
38:23
at the time because I think the base
38:25
the normal RS was 30 grand
38:27
and these were for 39 and a half
38:29
and everyone was like what like 40 grand
38:33
but yeah seven years on
38:35
and they were almost doubled in
38:39
that's my interpretation
38:41
and first example of
38:43
a car that's held value well
38:51
I'll come back from my
38:53
poor position because I just
38:59
that I actually drove
39:05
I can't keep up with what you drive okay
39:11
you'll love it I promise you
39:13
okay let me just put it in the message
39:15
so I'm going to the same recipe
39:19
that holds its money in fact these have gone
39:21
up in money in a big way
39:35
Golf GTI Club Sport X
39:39
yes I was very jealous
39:43
2,000 miles on the clock
39:47
and I've just had a quick look
39:49
they were 35 grand new
39:51
they're 2016 this car I think
39:53
and I remember at the time
39:55
people were like what 35 grand
39:57
for a Golf are you mad
40:01
and my mate's one was in was red
40:03
it's only got 9,000 miles on the clock
40:05
and it was magnificent
40:13
but they're 310 horsepower
40:17
rear seat delete they only weigh
40:21
just a wonderful thing
40:23
but they've gone up like
40:25
that's held its money
40:29
there was only ever 400 of them
40:35
but what I didn't realise until someone
40:37
the wonders of YouTube so that held
40:39
the Nordschleife lap record
40:41
for a front wheel drive production car
40:45
that title was taken away
40:47
from it by a Civic Type R
40:49
but it was our mate
40:53
that drove it to set that record
41:01
beautiful because I think
41:03
that's obviously Mark's
41:11
it's a beautiful car
41:13
it's prettier than the 8 and the 8.5
41:17
the infotainment system is shocking
41:19
I mean it's even worse than the
41:21
it's all monochromatic and rubbish
41:25
well they came with cut 2's
41:29
I think it's this ones are 4S's
41:35
so that's appreciated
41:39
so I'm guessing a leggy one
41:41
well your mate's one's still low-mild
41:43
but I'm guessing one with 30-40,000 miles
41:45
it's probably worth about book value
41:49
sorry worth what it was
41:51
and the other thing
41:55
ever bought 150 to the UK
42:01
their money's only going to go one way
42:07
when you think about it that it's very similar
42:09
recipe to that heritage
42:11
focus you just pulled out
42:13
yeah no very similar
42:15
yeah there's oh I'll say I've just found
42:17
another one oh my god you got me looking
42:19
this could be really dangerous
42:21
same spec as the one you've just shown us
42:23
but it's got 30,000 miles
42:25
and it's 35 grand so there you go
42:27
that's exactly what I just
42:29
so that's lost no money
42:31
lost no money and it's done
42:33
you know reasonable
42:37
5000 miles a year or something
42:39
oh jeez that's nice
42:55
that's lovely that is really nice
42:59
okay so where do I go from there
43:03
I've got so many windows and screens open
43:17
I struggled to find many more
43:19
in the lower price point so
43:23
was actually on that list that you
43:25
showed us earlier on
43:27
but obviously no one else has seen that
43:29
we'll talk through what
43:31
the cars are on it in a minute
43:33
yeah so my next one
43:35
is a car that I really don't like
43:41
are absolute bell ends
43:47
is it a Lamborghini
43:51
yep it's a Lamborghini Anus
43:57
but I know these things
43:59
hold their money like you wouldn't believe
44:01
this is the cheapest one
44:05
it's hundreds of them
44:11
so that gives you an idea
44:13
of the sort of person that owned it
44:15
it waxes himself off a lot by the looks of it
44:19
it's quite a nice colour
44:21
I don't know what it is in Lamborghini turns
44:23
but it's like a tanzanite blue
44:27
and I don't know how many owners
44:29
but it's probably got 50,000 owners
44:31
and it's the cheapest one
44:37
Fedd guess what they were
44:39
when they were brand new
44:43
when that was a brand new car
44:45
probably less than that
44:55
seven and a half years old
44:57
it's on 70,000 miles
44:59
probably ragged to an inch of its life
45:01
and it's lost no money
45:03
oh it's got red interior
45:09
oh my god it's got red steering wheel
45:17
I'm going to send that to worst spec or whatever it is on Instagram
45:19
that's the worst thing
45:21
what's that thing hanging from the rear view mirror look
45:23
is it like a sword or something
45:29
that sums up a euros owner
45:33
after they spec that
45:37
it's got TV in the back
45:49
you'd be out of your mind if you bought that
45:55
I'd rather go outside and make a bonfire of £50 notes
45:57
than buy that thing
45:59
that's just horrible
46:03
one day I want to see you turn up to call me
46:07
look at that steering wheel
46:19
from a few people that uruses are just
46:21
they just hold their money like nothing else
46:27
instead of buying that for £135,000
46:29
if you really want something like
46:33
because one of that age
46:35
would be like probably
46:41
and get a brand new RSQ8 performance
46:43
I'm sure you would almost get one
46:53
well I know this is all about
46:55
this is annoyingly about
46:57
telling people about cars that haven't
46:59
and this one or uruses
47:01
clearly haven't because the whole market
47:03
this is the bottom of the market
47:07
shows how many people don't have any taste
47:15
that's the worst way
47:17
ladies and gentlemen
47:19
that is the worst way to spend £135,000
47:23
okay I hadn't seen the interior until
47:25
it was just then that's just horrible
47:31
so my one, my last one
47:33
I'm going to get a similar reaction to you
47:39
this car is actually
47:41
on that list I shared with you as well
47:49
in the very twilight of
47:53
suddenly gained like a
47:57
and what that means is
47:59
even plain ones that haven't
48:03
are still worth good money
48:05
but those that have had some work done on them
48:07
can be worth ridiculous money
48:09
ladies and gentlemen
48:11
let me share with you
48:13
a Land Rover Defender 90
48:29
they put it up for £20,000
48:31
they went ah no it's not selling at
48:37
now it's by the Chelsea Truck Company
48:39
and so and there are loads
48:41
and loads if you go onto AutoTrader
48:45
and just look at like Defender 90s
48:47
and I'm talking about
48:49
not the new Porterloo shape
48:55
if I click on this and just share
48:59
I just did a search on AutoTrader
49:03
and did high to low
49:05
if you have a look at that
49:09
I still can't get over
49:17
there's a really cool
49:19
there's like an overfinch
49:21
one which is the pick up version
49:23
a little 90 wheel base
49:25
short wheel base pick up
49:31
if you go down there's a lot of
49:33
new, there's a lovely heritage one
49:39
they're still pulling
49:43
there's a twisted one here and I know all of these ones are from
49:45
companies that have tweaked them
49:47
they're really nicely done inside
49:53
that was probably 30 or 40 grand
49:55
when it was new and nobody liked them
49:57
because they drive like shit
50:01
so compromised as a road car
50:09
I mean it's from the Chelsea
50:11
bloody what's it called
50:17
I can't stop looking at that one
50:19
but then there's also the
50:21
have you seen the urban one as well
50:25
the second most expensive
50:27
there's an urban convertible
50:33
they didn't do a convertible
50:39
I mean I thought the worst car in the world
50:43
what's it not the Velar convertible
50:47
the Evoke convertible
50:49
I thought that was the worst car in the world
50:51
but actually this one
50:53
and this is £170,000
50:59
do they show a picture
51:01
with the roof up because it's going to look like
51:03
a silver cross pram with a roof up surely
51:07
look at the interior
51:09
what were they thinking
51:11
but that would appeal to some
51:15
or footballer's husband
51:17
sorry I've got to be 20-25
51:23
yeah that's special
51:29
buy an old Defender
51:31
if you brought an old Defender
51:33
and then had it fitted out for
51:35
£25,000 it's suddenly
51:37
I mean that's such a speculate
51:39
but I love the fact that it was
51:41
£180,000 and they put it up
51:47
I don't think it's that dissimilar to what's happened
51:49
to air-cooled Porsches
51:51
there's all of these back-day and RestoMod
51:53
companies that are doing them
51:55
so what that means is it trickles down
51:59
that you would buy as a donor car
52:01
to then do a RestoMod
52:03
all those prices go up and what you look at
52:05
with the Defender market
52:09
there was such a fan base for the old
52:15
they went up and even
52:17
buying not a great one
52:19
they're a lot of money
52:21
and like you said they don't even be wrong
52:23
I'm the biggest Defender fan in the world
52:25
I think a short wheelbase original Defender
52:27
is one of the coolest looking cars out there
52:29
but they're awful to drive
52:37
like shooting boxes and stuff
52:39
and they do beautiful trimming
52:41
and they put LS3 engines in the front
52:43
and they're mega mega mega things
52:45
they cost a lot of money
52:49
but it's a lot of money
52:53
because I know you've got two
52:57
I've still got my final one
52:59
oh you haven't done it oh no sorry
53:01
I'm still in shock from your Lamborghini
53:13
early on you mentioned the ST
53:15
and we're like well that's a bit unrealistic
53:17
it's a bit expensive
53:19
I mean this is just another
53:21
this is a completely different level
53:29
because I was looking at buying one of them last week
53:35
you've got to hear me out here
53:39
if you're lucky enough to be on the list
53:41
to get one when they were new 7-8 years ago
53:43
I mean this one's again
53:47
so I'm guessing that's probably one of the
53:49
earlier ones, beautiful spec
53:53
I'll describe it as sharp blue at the front
53:55
and black at the back
54:03
there's not many Chiron's to say on the line
54:05
but this is one of the cheaper ones
54:07
I found and it's 2.8 million
54:09
so once you add spec
54:11
it's probably held value
54:15
but there's probably
54:21
I think there's probably better things that you could have put your 3 million
54:31
you haven't really lost much money
54:33
it would have cost you about a million pounds
54:35
to service it during that time
54:37
well I was going to say
54:39
there's a servicing cost thing going on there
54:47
that was a bit of a
54:49
tongue in cheek car
54:51
because a lot of actual level
54:55
kind of conversation around that
54:57
top end super car market
55:01
I'm sure a lot of them are
55:03
speculators buying the cars
55:07
I mean this car has done 2,200 miles since 2017
55:13
they are expensive to
55:17
servicing and a servicer
55:19
that's probably 35 grand
55:23
tend to hold their money
55:25
and I think they're like a dick
55:27
it's a bit like that Carrera GT
55:29
that was at box and gas
55:31
they kind of dicked a bit and nobody wanted them
55:33
and then suddenly they become
55:35
the next big thing and everyone wants one
55:37
and their prices go
55:47
just checking to make sure you've
55:49
it wasn't on the brief
55:51
make sure it's got cut 2's on it
55:55
what's the rating for
55:57
I know it's N rating for
55:59
Porsche I wonder what the
56:01
what the designator is for
56:05
it's probably just a pound sign
56:13
there is a rating on that
56:19
James is probably listening
56:21
or watching this going telling us what it is
56:23
shouting down the phone
56:27
they are very specific tyres for that car
56:35
limited by the tyres
56:45
or a dog dick red interior
56:51
a good job we filmed this podcast
56:53
before I've had my lunch
57:01
I'm not going to spend lots of time on them
57:05
slowest depreciating cars
57:11
firstly a Mercedes Benz GLE
57:13
coupe that's because only two people bought
57:15
one because it's ugly
57:21
especially if it's part of the crayon crew
57:27
now that I was going to pull up
57:29
I did have a Dacia Duster as a possible car
57:33
you think people would think
57:35
I'm going to buy a Dacia and just lose a truckload of money
57:37
and that's just not the case at all
57:39
they're well built they're well priced
57:41
and they've got a big following
57:43
so yeah at three years and 36,000 miles
57:53
Land Cruiser we've done that
57:55
Bentley Flying Spur
57:57
oh yeah obviously there's you know
58:01
that's probably a fairly obvious one
58:03
they hold their money as well as most
58:07
I mean I just still boggles me
58:09
how much you have to spend for
58:11
a 5 year old 9-11 having just done the search recently
58:17
Eurus for the taste
58:21
Defender we talked about that
58:25
we could have talked about like GT4s
58:33
having just bought a Spider
58:35
for probably about the same amount of money
58:37
that it was originally bought for
58:41
which is depressing
58:43
although this article
58:45
is saying that a GT4 RS
58:47
that was 128,000 pounds
58:49
demand an expectation for this driver's car
58:51
meant that for many months after
58:53
it was selling considerably over list price
58:59
and then the Lamborghini Eurus
59:05
yeah well it is number one
59:11
but it kind of boggles my mind
59:13
as well at the same time because it is like
59:15
if it was a normal Lambo
59:21
or something a sports car
59:23
but the fact that we all know it is based on
59:25
and the funny thing is
59:29
obviously that is the same platform that the Cayenne
59:33
and Bentley's Bentaygas based on
59:35
Q8 is and all the rest of it
59:41
but out of all of them
59:43
it just doesn't make
59:47
when I think the Bentaygas is one of the highest
59:49
appreciating cars in that segment
59:51
but yet the Eurus isn't
59:53
and it is basically the same car of the same engine
59:55
it is just really bizarre
59:59
whenever a brand like
00:01
a performance brand brings out an SUV
00:03
we go well why are they doing that
00:05
that ladies and gentlemen
00:07
is why they are doing it because
00:09
it makes them a load of money
00:13
we have talked before about what the Cayenne
00:15
and the McCann did for Porsche
00:17
what DBX to some extent
00:19
is doing for Aston Martin
00:21
what Eurus has done for Lamborghini and so on
00:25
that is their cash cow
00:27
it is basically a Q8
00:29
but they are selling it for 135
00:33
what is the brand new Eurus now
00:37
if not 200 or something
00:45
basically have to go and have some counselling
00:47
because of that interior
00:51
Pat I hope you have managed to overlay
00:55
because it is worth seeing
00:57
we should put a warning at the start
01:01
parental advisory content
01:07
anyway guys if you are listening at home
01:09
and you have got any ideas
01:11
for car challenges for me
01:15
make sure you write the brief properly so that we both follow it
01:17
because that normally doesn't happen
01:19
do it in nice big font
01:23
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01:27
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01:29
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01:31
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01:33
big thanks to shout out to Michelin
01:35
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01:37
Joe it has been a pleasure my friends
01:39
go and spend the rest of the day with your beautiful wife to be
01:43
and give Pegs a big cuddle as well
01:49
and I will see you soon