Car Pro Radio Show January 10 26 Hour 3
About this episode
Financial savvy tips take center stage as Jerry Reynolds and Todd Chambliss discuss the current used car market trends, highlighting unexpected high auction prices in January. They provide insights on leasing versus buying electric vehicles, with a focus on the Volkswagen ID.4. Listeners call in with queries about reliable cars, hybrid options, and the benefits of certified pre-owned vehicles. The hosts emphasize the importance of thorough vehicle history checks and share recommendations for trustworthy dealerships, making the episode a valuable resource for anyone looking to navigate the automotive landscape.
Car Pro Radio Show January 10 26 Hour 3
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used car incentives
"...after the incentives and the end of year push and everything, January, kind of a different animal where you've got probably better opportunities to buy a used car because those prices kind of go down..."
Used car incentives are discounts or special offers that make it cheaper to buy a used car. They can include things like cash back or lower interest rates on loans.
Used car incentives are promotional offers provided by dealerships or manufacturers to encourage the sale of pre-owned vehicles. These can include cash rebates, financing deals, or trade-in bonuses that make purchasing a used car more attractive to buyers.
Mannheim Market Report
"...even used Teslas, were bringing over what's called MMR, Mannheim Market Report. That's kind of the guide."
The Mannheim Market Report is a tool that shows how much cars are selling for at auctions. Dealers use it to figure out if they're getting a good deal when buying cars.
The Mannheim Market Report (MMR) is a pricing guide used in the automotive industry that provides real-time data on vehicle auction prices. It helps dealers assess the value of cars based on recent sales data.
Volkswagen ID.4
"Yes, Jerry, thank you, guys. I have a twenty twenty three I.D. four. The least thing is ending up soon."
The Volkswagen ID.4 is a new electric SUV from Volkswagen. It's designed to be eco-friendly and has a lot of modern features, making it a good choice for people looking for an electric vehicle.
The Volkswagen ID.4 is an all-electric SUV that represents Volkswagen's entry into the electric vehicle market. It offers a spacious interior, advanced technology, and a range suitable for daily driving.
residual value
"You did it based on the residual value that they assigned to it at that time. Now, that's no more than a prediction of what it's going to be worth at the end of the lease, right?"
Residual value is how much a car is expected to be worth when your lease ends. It's important because it helps decide how much you pay each month during the lease.
Residual value is the estimated worth of a vehicle at the end of a lease term. It is determined at the beginning of the lease and is used to calculate monthly payments.
VW
"...I would talk to the VW dealer that you leased it from and ask them what the car is worth."
VW is short for Volkswagen, a car company from Germany. They make popular cars like the Beetle and the Golf.
VW stands for Volkswagen, a well-known German automotive manufacturer famous for models like the Golf and Jetta. They are also known for their innovative engineering and design.
leasing
"But look, that's that's the beauty part of leasing. And I've told listeners on this show now for a long time."
Leasing means you pay to use a car for a few years instead of buying it outright. At the end of the lease, you can return the car or buy it if you want.
Leasing is a financing option that allows you to use a vehicle for a set period while making monthly payments, often with the option to buy at the end. It's popular for those who prefer driving new cars without the long-term commitment of ownership.
electric car
"If you're going to get an electric car, lease it."
An electric car is a type of vehicle that uses electricity to run instead of gas. They are usually better for the environment and can save you money on fuel.
An electric car is a vehicle that runs on electricity instead of gasoline or diesel. They are known for being environmentally friendly and often have lower operating costs compared to traditional vehicles.
Tesla Cybertrucks
"...t care what brand the people who bought the early cybertrucks. They lost half their value in under a year."
The Tesla Cybertruck is a new type of electric truck that looks very different from regular trucks because of its sharp angles and metal body. People are talking about it because some of the first buyers found out that their trucks lost a lot of money in value very quickly, which is unusual.
The Tesla Cybertruck is an all-electric pickup truck known for its distinctive angular design and durable exoskeleton. It has generated significant buzz due to its futuristic features and the controversy surrounding its initial pricing and resale value. Discussions often revolve around its market performance and the implications of early adopters losing value quickly.
lease
"So they're the only way to protect yourself from that is to lease. And you did the smart thing."
When you lease a car, you essentially rent it for a few years instead of buying it. This way, you don't have to worry about the car losing value over time.
Leasing a car means you pay to use the vehicle for a set period, typically 2-3 years, rather than buying it outright. At the end of the lease, you return the car, which can help avoid depreciation losses associated with ownership.
Volkswagen
"If you go back with a Volkswagen, there may be some incentive"
Volkswagen is a car company from Germany that makes many different types of cars, including popular models like the Golf and Jetta.
Volkswagen is a German automotive manufacturer known for producing a wide range of vehicles, including the iconic Beetle and the Golf. The brand is recognized for its engineering and quality.
EV
"Well, at one point, Tesla was the global EV crown. Is that me doing that, by the way? No, that's me. That was me."
EV means electric vehicle. It's a car that runs on electricity instead of gas, making it better for the environment.
EV stands for electric vehicle, which is a type of vehicle that is powered entirely or partially by electricity instead of traditional gasoline or diesel fuel. EVs are known for being more environmentally friendly and often have lower operating costs.
BYD
"Well, I mean, you are aware because, obviously, you know, all the automotive stuff, you keep up with it and you study it. But how come it's not like part of the vernacular here?"
BYD is a car company from China that sells more electric cars than any other company in the world. They make different types of electric vehicles, not just cars.
BYD is a Chinese automaker that has become the world's largest seller of electric vehicles (EVs). The company focuses on producing a wide range of electric vehicles, including cars, buses, and trucks.
Hyundai Santa Fe
"I would probably tell you to look at a Hyundai Santa Fe or maybe even a Hyundai Telluride."
The Hyundai Santa Fe is a type of SUV that is spacious and comfortable, making it a good option for long drives.
The Hyundai Santa Fe is a midsize SUV known for its comfort and practicality, making it a popular choice for families and road trips.
Lexus NX
"you're in range of a Lexus NX, which is going to give you more, more luxury than than the than the"
The Lexus NX is a fancy SUV made by Lexus, which is known for making luxury cars. It has a lot of comfort and technology features.
The Lexus NX is a luxury compact SUV that offers a comfortable ride, high-quality interior, and advanced technology features. It's designed to compete with other luxury brands in the compact SUV segment.
Lexus RX
"You might look at a certified Lexus RX. They're they they're great out on the highway."
The Lexus RX is a fancy SUV that is comfortable and good for driving on highways. Many people like it because it combines luxury with practicality.
The Lexus RX is a luxury crossover SUV known for its comfort, reliability, and smooth highway performance. It's a popular choice among buyers looking for a premium vehicle that offers a blend of utility and luxury.
hybrid
"...either a hybrid or plug-in hybrid will probably fit in your price range and it'll come with a nice long warranty."
A hybrid car uses both gas and electricity to run. This helps it save fuel and is better for the environment than regular cars that only use gas.
A hybrid vehicle uses a combination of a gasoline engine and an electric motor to improve fuel efficiency and reduce emissions. This technology allows for better mileage compared to traditional gasoline-only vehicles.
Lexus
"If you're going to get a hybrid, it would be a Toyota or Lexus if it were me."
Lexus is a luxury car brand that is part of Toyota, making high-end vehicles that are often very comfortable and have hybrid options.
Lexus is the luxury vehicle division of Toyota, known for its high-quality, comfortable cars and advanced hybrid technology.
Honda Fit
"...king to get a new car right now. I have a little Honda fit that's got two hundred and sixty thousand miles o..."
The Honda Fit EV is a small electric car that is easy to drive and park. It's talked about because some people have driven it for a very long time and still find it reliable.
The Honda Fit EV is an all-electric version of the popular Honda Fit, known for its compact size and practicality. While it was produced in limited numbers, it stands out for its efficiency and versatility, making it a noteworthy option for environmentally conscious drivers. Discussions often focus on its longevity and the experiences of owners with high mileage.
Toyota Corolla
"... been considering were a monster three, a Toyota Corolla or a Honda Civic. But price is very important to..."
Honda Civic
"the other things I've kind of been considering were a monster three, a Toyota Corolla or a Honda Civic."
The Honda Civic is another small car that many people like because it's reliable and gets good gas mileage.
The Honda Civic is a compact car that is well-regarded for its reliability, performance, and fuel efficiency. It has been a popular choice among drivers for decades.
resale value
"They're, you know, if as long as you keep a car, resale value isn't an issue, but that that is a that is still a Nissan concern..."
Resale value is how much money you can get if you sell your car after using it for a while. Some cars lose value faster than others.
Resale value refers to the amount of money a vehicle can be sold for after its initial purchase. Factors affecting resale value include brand reputation, vehicle condition, mileage, and market demand.
Mazda
"...I'm a big fan of Mazda. I love what they do. I love the way they drive, but they're pricey."
Mazda is another car company from Japan that makes cars known for being fun to drive. They focus on making their vehicles look good and feel sporty.
Mazda is a Japanese automaker known for its sporty and fun-to-drive vehicles. They often emphasize driving dynamics and design, making their cars appealing to enthusiasts.
Toyota Tundra
"I mean, it's it's smaller than a Tundra. It's still a midsize truck, in my opinion."
The Toyota Tundra is a bigger truck than the Tacoma, meant for more heavy-duty work and can carry more weight. It's great for those who need a lot of power.
The Toyota Tundra is a full-size pickup truck that offers more power and towing capacity compared to the Tacoma. It's designed for heavier-duty tasks and larger payloads.
Toyota Tacoma
"No, not really. Tacoma has just been a great truck for all these years. ..."
The Toyota Tacoma is a smaller truck that many people love because it's dependable and can handle rough roads well. It's been around for a long time and is often recommended for anyone who needs a truck that lasts.
The Toyota Tacoma is a midsize pickup truck that has built a reputation for reliability, off-road capability, and strong resale value over the years. It is often discussed for its versatility, making it a popular choice among both casual drivers and outdoor enthusiasts. The Tacoma's long-standing presence in the market highlights its enduring appeal.
engine
"Actually, was Austin listener that put a million miles on his Tacoma without any. Rebuilds of the engine or transmission."
The engine is what makes the car go. It turns fuel into power to move the car forward.
The engine is the core component of a vehicle that converts fuel into mechanical energy to power the car. It's essential for the vehicle's operation and performance.
transmission
"Actually, was Austin listener that put a million miles on his Tacoma without any. Rebuilds of the engine or transmission."
The transmission helps the car change speeds and move forward. It connects the engine to the wheels.
The transmission is a system in a vehicle that transmits power from the engine to the wheels, allowing the car to move. It can be automatic or manual and is crucial for controlling speed and torque.
warranty
"...part of it is the warranty that comes with a certified car."
A warranty is a guarantee from the car maker or dealer that they will fix or replace parts of the car if something goes wrong for a certain time or distance after you buy it.
A warranty is a promise from the manufacturer or dealer to repair or replace parts of a vehicle for a certain period or mileage after purchase. This can provide buyers with confidence in their investment.
certified car
"...you're going to pay more for a certified car. But you're also going to get that warranty, which means you don't need to buy an extended warranty."
A certified car is a used car that has been checked and approved by the dealer or manufacturer. It usually comes with a warranty, which means you can trust it more than a regular used car.
A certified car is a used vehicle that has undergone a thorough inspection and meets specific criteria set by the manufacturer or dealer. This certification often includes a limited warranty, making it a more reliable option for buyers.
Ford Bronco Sport
"And I know you're looking at a Bronco Sport. So I wrote the original."
The Ford Bronco Sport is a smaller SUV designed for both city driving and off-road adventures. It has a tough look and is built to handle rough terrains while still being practical for everyday use.
The Ford Bronco Sport is a compact SUV that combines off-road capability with everyday usability. It features a rugged design and is built on a unibody platform, making it suitable for both urban and outdoor adventures.
Ford Motor Company
"Certified process for Ford Motor Company when I was a Ford dealer. And they still use it today."
Ford Motor Company is a big car company in the United States that makes many types of vehicles, like trucks and SUVs. They are known for their long history and many popular car models.
Ford Motor Company is an American multinational automaker known for its wide range of vehicles, including trucks, SUVs, and cars. It has a long history in the automotive industry and is recognized for innovations in manufacturing and design.
fender bender
"But if it was minor damage, if it was a fender bender, it's hard to find a used car that hadn't been in a fender bender in Texas."
A fender bender is a small car accident, usually causing minor damage to the car's body. It's not a serious crash, just a little bump that can happen in parking lots or slow traffic.
A fender bender refers to a minor car accident, typically involving damage to the vehicle's fender. These types of accidents are usually not serious and often result in cosmetic damage rather than structural issues.
Stellantis
"Well, there's some big news to kick off the brand new year, as mentioned in the newsletter that came out yesterday. Jerry mentioned the fact that Stellantis has a new sheriff in charge and they're bringing back the power wagon and the TRX."
Stellantis is a large car company that makes many different brands of cars, like Jeep and Dodge. It was created when two car companies joined together.
Stellantis is a multinational automotive manufacturing corporation formed from the merger of Fiat Chrysler Automobiles and PSA Group. It encompasses a variety of brands, including Jeep, Dodge, and Chrysler.
Power Wagon
"...they're bringing back the power wagon and the TRX."
The Power Wagon is a tough pickup truck made by Ram. It's built for driving off-road and can handle rough terrain, making it great for outdoor adventures.
The Ram Power Wagon is a heavy-duty pickup truck known for its off-road capabilities and rugged features. It is designed for both work and recreational use, making it popular among truck enthusiasts.
TRX
"...they're bringing back the power wagon and the TRX."
The TRX is a super powerful version of the Ram truck that can go off-road really well. It's built for speed and handling tough conditions, making it fun to drive in rough places.
The Ram TRX is a high-performance version of the Ram 1500 pickup truck, designed for extreme off-road performance. It features a powerful engine and advanced suspension systems to tackle challenging terrains.
Dodge Power Wagon
"... sheriff in charge and they're bringing back the power wagon and the TRX, yeah, which is kind of nice."
The Dodge Power Wagon is a tough truck that can handle rough terrain and heavy loads. It's popular among people who need a strong vehicle for work or outdoor adventures.
The Dodge Power Wagon is a heavy-duty pickup truck known for its off-road capabilities and rugged design. It has a storied history, originally designed for military use, and has evolved into a popular choice for those seeking a capable truck for both work and recreation. Discussions often highlight its return to the market and the excitement surrounding its features.
Chevrolet Silverado
"...that they have before engine in the color in the Silverado? Yeah, they've been good so far."
The Chevrolet Silverado is a big truck that many people use for work or towing things. It's popular because it has a lot of space inside and can handle tough jobs well.
The Chevrolet Silverado is a full-size pickup truck known for its robust performance, spacious interior, and a wide range of configurations. It has been a staple in the truck market, often discussed for its balance of power and comfort, making it suitable for both work and everyday use. The Silverado's reputation for durability and capability makes it a popular choice among truck buyers.
Ford Ranger
"And it's a nice truck. The Ford Ranger is a nice truck. You know, either one."
The Ford Ranger is a smaller truck that is good for both driving around town and going off-road. It's liked for being comfortable and having the power to do tough jobs.
The Ford Ranger is a midsize pickup truck that has made a comeback in recent years, offering a blend of capability and comfort. It is often praised for its strong performance, off-road capabilities, and modern technology features. Discussions about the Ranger often highlight its competitive edge in the growing midsize truck segment.
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