Deposits for Holding Cars & Another Car Dealer Goes to Jail
About this episode
A lively discussion unfolds around the controversial topic of car deposits, comparing them to real estate practices and sharing personal anecdotes from the dealership floor. The hosts debate the fairness of keeping deposits when buyers back out and share real-life examples of their experiences with customers. The episode also features a bizarre story about a car dealer sentenced to prison for drug trafficking, highlighting the strange intersection of the automotive world and criminal activity. Listeners will find humor and insight in the hosts' banter and unique perspectives.
Taking deposits to hold cars for buyers is something that's hotly debated in the car industry (believe it or not) - let's get into why deposits matter. Plus, a Pennsylvania car dealer goes to jail.
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BMW M3
"They bought a 1988 BMW M3. So in Ohio and some other states, you can get a period correct plate and you can take it into the DMV and register that plate to your car."
The BMW M3 is a special version of the BMW 3 Series that is designed for performance. The 1988 model is famous for being fun to drive and has a classic look that many car fans love.
The BMW M3 is a high-performance version of the BMW 3 Series, known for its sporty handling and powerful engines. The 1988 model is part of the E30 generation, which is particularly revered among enthusiasts for its driving dynamics and classic design.
Jensen Interceptors
"..., when I think I was looking for Crown Vic police interceptors, Dan Doucet sent me gov deals and I went down a ..."
The Jensen Interceptor is a classic car from the 60s and 70s that looks really stylish and has a strong engine. It's a mix of British design and American power, which makes it quite special.
The Jensen Interceptor is a luxury sports car produced in the 1960s and 1970s, known for its distinctive styling and powerful V8 engine. It represents a unique blend of British craftsmanship and American muscle, making it a rare find among classic cars.
Porsche 911
"... description is terrible. OK, first 2015 Porsche 911 Coupe two door three point eight liters H six, w..."
The Porsche 911 is a famous sports car that looks really cool and drives fast. It's been around for a long time and is loved by many car enthusiasts because of how well it performs on the road.
The Porsche 911 is an iconic sports car known for its distinctive design and rear-engine layout. First introduced in 1964, it has become a symbol of performance and luxury, often discussed for its engineering excellence and driving experience.
over sticker
"You can't charge over sticker. You can't charge over ask whatever. It's very different."
'Over sticker' means asking for more money than what the manufacturer recommends for a car. It's often done when a car is very popular and hard to find.
'Over sticker' refers to charging a price above the manufacturer's suggested retail price (MSRP) for a vehicle. This practice can be controversial, especially in high-demand markets where dealers may mark up prices significantly.
PPI
"I would like my time to do my due diligence. I would like a PPI."
A PPI stands for Pre-Purchase Inspection. It's when a mechanic checks a car before you buy it to make sure everything is working well and there are no hidden problems.
A PPI, or Pre-Purchase Inspection, is a thorough examination of a vehicle conducted by a qualified mechanic before buying it. This inspection helps identify any potential issues or repairs needed, ensuring the buyer makes an informed decision.
BMW 540i
"So case number two, still ongoing BMW 540i, older one."
The BMW 540i is a luxury car that offers a good balance of power and comfort. It's part of the 5 Series lineup, which is known for being stylish and fun to drive.
The BMW 540i is a mid-size luxury sedan that is part of the BMW 5 Series. Known for its performance and comfort, the 540i typically features a powerful engine and a well-appointed interior, making it a popular choice among enthusiasts and luxury car buyers.
Porsche 911 GT3
"...is is on Rennlis. 2019 paint sample black all of GT3 touring. Twenty six thousand miles."
The Porsche 911 GT3 is a super sporty version of the 911 that is built for racing and fast driving. It’s lighter and has a more powerful engine, which makes it really fun to drive on a race track.
The Porsche 911 GT3 is a high-performance variant of the 911, designed for track enthusiasts and known for its precision handling and powerful engine. It features lightweight materials and a focus on driving dynamics, making it a favorite among serious drivers.
DME
"Drivers, DME. You know, that term before, you know, I."
DME is a computer system in cars that helps control how the engine runs. It makes sure the engine works well and uses fuel efficiently.
DME stands for Digital Motor Electronics, which is a system used in many modern vehicles to control engine management functions. It helps optimize performance, fuel efficiency, and emissions by managing various engine parameters.
Carfax
"Carfax, DME, PPI paint readings, all provided with proof of funds. It's a carfax for heaven's sake."
Carfax is a company that gives you a report on a car's past. It tells you if the car has been in accidents or has any other issues, which helps you know if it's a good buy.
Carfax is a service that provides vehicle history reports, detailing information such as previous accidents, title status, and service records. It's commonly used by buyers to assess the condition and history of a used car before purchasing.
MSRP
"...his price is it's a 179 K MSRP is asking 325 K, which is..."
MSRP is the price that the car maker suggests you should pay for a new car. It's a starting point for how much you might negotiate with a dealership.
MSRP stands for Manufacturer's Suggested Retail Price, which is the price that the manufacturer recommends for the vehicle. It's often used as a baseline for negotiations between buyers and dealers.
Chevrolet Corvette
"...ast boy did he get dragged like he was it was the Corvette for a man. It was it was not a not a pretty sigh..."
The Chevrolet Corvette is a classic American sports car that looks great and goes really fast. It's popular because it offers a lot of performance for the price compared to other fancy sports cars.
The Chevrolet Corvette is an American sports car that has been in production since 1953, known for its performance, sleek design, and affordability compared to other sports cars. It represents American automotive engineering and has a strong following among car enthusiasts.
Bring a Trailer
"that guy was talking about on bring a trailer, not your grandpa's GT3. I only need two ranges, Doug."
Bring a Trailer is a website where people can buy and sell special cars through auctions. It's popular for classic and unique vehicles.
Bring a Trailer is an online auction platform specializing in classic and enthusiast vehicles. It connects buyers and sellers, allowing for a transparent bidding process on unique cars.
Ford Mustang
"...the one photo from four years ago has a Mustang. It looks to be a CRV, a Land Rover, a Camry and some like E-class, I think."
The Ford Mustang is a well-known sports car that many people love for its speed and cool design. It's been around for a long time and is often seen as a symbol of American car culture.
The Ford Mustang is a classic American muscle car known for its performance and distinctive styling. It has a long history, dating back to the 1960s, and is popular among car enthusiasts.
Ford Escape
"...It looks to be a CRV, a Land Rover, a Camry and some like E-class, I think. And then maybe an escape."
The Ford Escape is a small SUV that many people like because it's easy to drive and has plenty of room for passengers and luggage. It's a good option for city driving.
The Ford Escape is a compact SUV that offers a balance of performance, fuel efficiency, and practicality. It's popular among families and urban drivers.
Toyota Camry
"...a Mustang. It looks to be a CRV, a Land Rover, a Camry and some like E-class, I think. And then maybe a..."
Mercedes-Benz Eclass
"And the one photo from four years ago has a Mustang. It looks to be a CRV, a Land Rover, a Camry and some like E-class, I think. And then maybe an escape."
Honda Crv
"...It looks to be a CRV, a Land Rover, a Camry and some like E-class, I think. And then maybe an escape."
The Honda CR-V is a popular SUV that many families choose because it's reliable and has a lot of space for passengers and cargo. It's great for everyday driving.
The Honda CR-V is a compact SUV that is known for its reliability, spacious interior, and fuel efficiency. It's one of Honda's best-selling models.
Volkswagen New Beetle
"...on like a bright green or yellow Volkswagen new Beetle. Not quite."
The Volkswagen New Beetle is a small car that looks like the classic Beetle but was made with new technology and design from 1997 to 2010.
The Volkswagen New Beetle is a retro-styled compact car that was produced from 1997 to 2010, designed to evoke the classic Beetle's iconic shape while incorporating modern features.
Lamborghini Huracan
"It is a Huracan. No. Am I close at all?"
The Lamborghini Huracan is a fancy sports car that many people love because it's fast and looks great. It's known for having a strong engine and a stylish design.
The Lamborghini Huracan is a high-performance sports car known for its sleek design and powerful V10 engine. It is a successor to the Gallardo and is popular among supercar enthusiasts.
GMC Acadia
"It is a GMC Acadia. Next."
The GMC Acadia is a type of SUV that is big enough for families and has lots of space inside. It's designed to be comfortable and practical for everyday use.
The GMC Acadia is a mid-size SUV known for its spacious interior and family-friendly features. It offers a comfortable ride and a variety of engine options, making it a popular choice among families.
Mazda RX-7
"Is it like Mazda RX-7? Because it's a three rotor."
The Mazda RX-7 is a sports car that is famous for having a special type of engine called a rotary engine. It's known for being light and fast, making it popular among car enthusiasts.
The Mazda RX-7 is a sports car known for its lightweight design and rotary engine. It has a cult following due to its unique engine technology and performance characteristics.
Lexus RCF
"...it's like a Lexus RCF or whatever it is. It's an Audi S5."
The Lexus RCF is a sporty car from Lexus that combines luxury with a powerful engine. It's made for people who enjoy driving fast while still being comfortable.
The Lexus RCF is a high-performance variant of the Lexus RC coupe, known for its powerful V8 engine and sporty design. It's designed for enthusiasts who want a blend of luxury and performance.
Audi S5
"...It's an Audi S5. So not this is more family hauler than that."
The Audi S5 is a faster, sportier version of the Audi A5. It has a powerful engine and is designed for people who want a luxury car that can also perform well.
The Audi S5 is a performance-oriented version of the Audi A5, featuring a more powerful engine and sportier handling. It's known for its sleek design and luxury features.
Toyota Sequoia
"...It's like a bright orange Toyota Sequoia. Maybe they have three kids and they abuse them."
The Toyota Sequoia is a large SUV made by Toyota. It's great for families because it has a lot of space and can carry many people or things.
The Toyota Sequoia is a full-size SUV known for its spacious interior and strong towing capacity. It's designed for families and those needing a robust vehicle for various activities.
Ford Maverick
"Is this a Maverick?"
The Ford Maverick is a small pickup truck that Ford started making again in 2021. It's great for city driving and is good on gas.
The Ford Maverick is a compact pickup truck that was reintroduced in 2021. It is designed for urban use, offering a combination of utility and fuel efficiency.
Hyundai Santa Cruz
"Oh, the Santa Cruz."
The Hyundai Santa Cruz is a new small pickup truck that Hyundai made in 2021. It looks a bit like an SUV but has a truck bed for carrying things.
The Hyundai Santa Cruz is a compact pickup truck that combines SUV-like features with the utility of a truck bed. It was introduced in 2021 and is aimed at urban customers.
Geo Metro
"No, it is a geo metro that's been turned into a pickup truck."
The Geo Metro is a tiny car that was made in the 1990s. It was very cheap to buy and great on gas, which made it popular for people looking to save money.
The Geo Metro is a small, fuel-efficient car produced in the 1990s. It was known for its compact size and affordability, making it popular among budget-conscious consumers.
Porsche Cayman
"Um, Cayman. Nope. Tracked."
The Porsche Cayman is a sports car made by Porsche, known for its great handling and performance. It's designed to be fun to drive and is popular among car lovers.
The Porsche Cayman is a mid-engine sports car that offers a balance of performance and handling. It is known for its sharp steering and agile dynamics, making it a popular choice among driving enthusiasts.
Mazda Miata
"Tracked. Tracked at Miata. Nope."
The Mazda Miata is a small, two-seater car that you can drive with the top down. It's known for being really fun to drive and is often praised for how easy it is to handle on the road.
The Mazda Miata is a lightweight, two-seat convertible sports car that has gained a reputation for its fun driving experience and affordability. Since its debut in 1989, it has become a favorite among driving enthusiasts for its nimble handling and open-top design.
Lexus ISF
"What the heck is it? You. Lexus ISF that is OK. Missing the rear bumper."
The Lexus ISF is a sportier version of the regular Lexus IS, designed for better performance with a more powerful engine and enhanced features.
The Lexus ISF is a high-performance variant of the Lexus IS sedan, known for its powerful V8 engine and sporty handling characteristics.
Tesla Model 3
"...Is it a Tesla model three?"
The Tesla Model 3 is a popular electric car known for being affordable compared to other Tesla models. It offers a good driving range and advanced technology features, making it a favorite among electric vehicle buyers.
The Tesla Model 3 is an all-electric sedan that has gained popularity for its performance, range, and technology features. It is part of Tesla's lineup aimed at making electric vehicles more accessible to a broader audience.
Tesla Model
"The model. Is it a Tesla model three? Bingo."
The Tesla Model Y is an electric SUV that can carry a lot of people and stuff. It's known for being high-tech and can drive itself a little bit, which is pretty cool!
The Tesla Model Y is an all-electric compact SUV that offers spacious seating and advanced technology, including Autopilot features. It is part of Tesla's lineup of electric vehicles and is known for its impressive range and performance.
Nissan Altima
"They graduate from an Altima."
The Nissan Altima is a popular car that many people use for daily driving. It's known for being reliable and good on gas.
The Nissan Altima is a mid-size sedan known for its comfortable ride and fuel efficiency. It's often considered a practical choice for families and commuters.
Ford Excursion
"Big gal. Excursion."
The Ford Excursion is a big SUV that can carry a lot of people and things. It's great for families who need extra space.
The Ford Excursion is a large SUV that was produced from 2000 to 2005. It is known for its spacious interior and towing capacity, making it suitable for families and heavy-duty use.
Ford Explorer
"We're big gal on their plate. An explorer. No."
The Ford Explorer is a big family SUV that has lots of room for people and cargo. It's a good choice for those who need space and want to drive something comfortable.
The Ford Explorer is a mid-size SUV that has been a popular choice for families since its introduction in 1990. Known for its spacious interior and versatile capabilities, it is often discussed for its balance of comfort and utility.
Porsche Boxster
"I saw an older Porsche Boxster in Michigan one time and I was like, yeah, if you're going to brag about not having kids, then you should be driving something that everybody with seven kids and mortgages could also afford."
The Porsche Boxster is a two-seater sports car that you can drive with the top down. It's known for being fun to drive and has a stylish look.
The Porsche Boxster is a mid-engine roadster that offers a blend of performance and luxury, making it a popular choice among sports car enthusiasts. It features a convertible top and is known for its agile handling and distinctive design.
Porsche 986 Porsche
"Zero kids. Well, I'm going to go with a 986 Porsche Boxster because that's what I saw it on. Nope."
The Porsche 928 is a sporty car that was made to be comfortable for long drives. It has a different engine setup than the more famous 911, which makes it special in its own way.
The Porsche 928 is a grand tourer produced by Porsche from 1978 to 1995, known for its unique front-engine layout and luxurious features. It was aimed at providing a more comfortable driving experience compared to the 911, making it significant in Porsche's history.
Mazda MX-5 Miata
"Miatas are cool. I like a Miata."
The Mazda MX-5 Miata is a small sports car that is fun to drive and has two seats. It's known for being light and easy to handle, making it a favorite among car lovers.
The Mazda MX-5 Miata is a lightweight two-seat roadster known for its sporty handling and fun driving experience. It's popular among car enthusiasts for its engaging driving dynamics and affordability.
Bmw X4
"No. It's a BMW X4. Yes."
The BMW X4 is a fancy SUV that looks a bit like a sports car. It’s designed for people who want a nice ride with a lot of features and a stylish look.
The BMW X4 is a compact luxury crossover SUV that combines sporty performance with a coupe-like design. It is known for its powerful engines and upscale interior, appealing to those looking for a stylish yet practical vehicle.
Audi A5
"It's an Audi A5. An A5."
The Audi A5 is a stylish car that looks great and drives well. It's a luxury coupe, meaning it's designed for comfort and performance.
The Audi A5 is a luxury coupe that combines sporty design with performance and comfort. It is known for its elegant styling and advanced technology features.
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