{"version":"1.0.0","episode":{"title":"INSANE Car Market FRAUD | Lenders COLLAPSE | Episode 985","url":"http://getcarcurious.com/episodes/insane-car-market-fraud-lenders-collapse-episode-985","audioUrl":"https://pscrb.fm/rss/p/mgln.ai/e/1385/pdrl.fm/3359a6/injector.simplecastaudio.com/14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9/episodes/687097bf-9693-4954-85d4-92c21d392f98/audio/128/default.mp3?aid=rss_feed&awCollectionId=14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9&awEpisodeId=687097bf-9693-4954-85d4-92c21d392f98&feed=gkrQ6WSC","description":"Today on CarEdge Live, Ray and Zach discuss the latest news from auto finance where a lender has been dealing with fraud. 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":761.0,"endTime":767.8,"type":"term","title":"power booking","url":"/glossary/power-booking","quote":"And in many, many cases, dealerships do what is known as power booking. They will produce a document for the bank that shows that the vehicle is worth X because","canonicalId":"term:power-booking","priority":0.5,"confidence":0.9,"source":"openai/gpt-oss-20b","data":{"explanation":"Power booking is a practice where dealers inflate the value of a vehicle in paperwork to secure better financing terms from banks, often by listing features that may not actually be present.","simplifiedExplanation":"Dealers sometimes exaggerate a car’s value on loan documents to get better loans. They claim the car has extra parts that might not be there."}},{"startTime":776.0,"endTime":783.0,"type":"part","title":"moonroof","url":"/glossary/moon-roof","quote":"it has a moonroof, it has leather interior, it has all types of accessories and trim levels","canonicalId":"part:moon-roof","priority":0.5,"confidence":0.9,"source":"openai/gpt-oss-20b","data":{"explanation":"A moonroof is a glass panel on the vehicle’s roof that can be opened or closed, allowing light and sometimes air into the cabin.","simplifiedExplanation":"A moonroof is a glass window in the car’s roof that you can open to let light or fresh air inside."}},{"startTime":776.0,"endTime":783.0,"type":"part","title":"leather interior","url":"/glossary/leather-interiors","quote":"it has a moonroof, it has leather interior, it has all types of accessories and trim levels","canonicalId":"part:leather-interiors","priority":0.5,"confidence":0.9,"source":"openai/gpt-oss-20b","data":{"explanation":"Leather interior refers to seats, steering wheel, and other cabin surfaces covered with leather for a premium feel and aesthetic.","simplifiedExplanation":"Leather interior means the car’s seats, steering wheel, and other inside parts are covered in leather, giving a more upscale look."}},{"startTime":776.0,"endTime":783.0,"type":"concept","title":"trim levels","url":"/glossary/trim-levels","quote":"it has a moonroof, it has leather interior, it has all types of accessories and trim levels","canonicalId":"concept:trim-levels","priority":0.5,"confidence":0.9,"source":"openai/gpt-oss-20b","data":{"explanation":"Trim levels are different versions of a car model that vary in features, equipment, and styling to cater to various customer preferences and price points.","simplifiedExplanation":"Trim levels are like different editions of the same car, each with its own set of features and price. One might have more gadgets or nicer seats than another."}},{"startTime":830.2,"endTime":840.0,"type":"company","title":"Tri-Color","url":"/glossary/tri-color","quote":"And so when you see a company like Tri-Color, I can assure you that without even being involved in this...","canonicalId":"company:tri-color","priority":0.9,"confidence":0.95,"source":"openai/gpt-oss-20b","data":{"explanation":"Tri-Color is a large used‑car dealership chain that operates across the United States, known for selling pre-owned vehicles through a network of retail locations and online platforms.","simplifiedExplanation":"Tri-Color is a company that sells used cars. They have many stores across the U.S., and people often buy or sell vehicles through them."}},{"startTime":1088.6,"endTime":1093.3,"type":"brand","title":"Jeep","url":"/glossary/jeep","quote":"[1088.6s] Jeep focuses, here it is, Jeep focuses on simpler and cheaper to break sales slump.","canonicalId":"brand:jeep","priority":0.5,"confidence":0.95,"source":"openai/gpt-oss-20b","data":{"explanation":"Jeep is an American automobile brand known for its off‑road vehicles, especially the Wrangler and Grand Cherokee.","simplifiedExplanation":"Jeep makes cars that are good for off‑road driving, like the Wrangler and Grand Cherokee."}},{"startTime":1105.8,"endTime":1111.8,"type":"term","title":"auto finance","url":"/glossary/auto-finance","quote":"[1105.8s] We've got the first story, which is all about fraud and auto finance and that can have a negative impact on approvals and getting people auto loans.","canonicalId":"term:auto-finance","priority":0.5,"confidence":0.9,"source":"openai/gpt-oss-20b","data":{"explanation":"Auto finance refers to the process of obtaining loans or leases to purchase a vehicle, including approval, interest rates, and payment terms.","simplifiedExplanation":"Auto finance is how people get money to buy a car, usually through loans or leases."}},{"startTime":1421.1,"endTime":1422.1,"type":"company","title":"Carfax","url":"/glossary/carfax","quote":"[1421.1s] Carfax.\n[1422.1s] Yeah, this is actually going to be our lead story.","canonicalId":"company:carfax","priority":0.9,"confidence":0.95,"source":"openai/gpt-oss-20b","data":{"explanation":"Carfax is a company that provides vehicle history reports, detailing ownership, accidents, and mileage records for used cars.","simplifiedExplanation":"Carfax is a service that gives you a report about a used car’s past, like how many times it was owned or if it had any accidents."}},{"startTime":1427.8,"endTime":1436.6,"type":"term","title":"odometer rollback","url":"/glossary/odometer-rollback","quote":"[1427.8s] United States with their odometers turned back with the use of this device purchased\n[1432.1s] off the internet, grift, maybe grift, yeah, dad, we're going to be talking about that\n[1435.6s] all day tomorrow.","canonicalId":"term:odometer-rollback","priority":0.9,"confidence":0.92,"source":"openai/gpt-oss-20b","data":{"explanation":"Odometer rollback refers to the illegal practice of reducing a vehicle’s mileage reading by tampering with the odometer, often to make the car appear newer and more valuable.","simplifiedExplanation":"Odometer rollback means someone has changed the number on a car’s mileage gauge to make it look like the car has driven less than it really has."}},{"startTime":1545.7,"endTime":1550.2,"type":"concept","title":"pre-purchase inspection","url":"/glossary/pre-purchase-inspection","quote":"[1541.8s] to really check things out and you know, this is why for used vehicles, we always say get a pre‑purchase inspection. [1546.7s] There's no reason, no reason not to...","canonicalId":"concept:pre-purchase-inspection","priority":0.9,"confidence":0.95,"source":"openai/gpt-oss-20b","data":{"explanation":"A pre‑purchase inspection is a thorough check performed by an independent mechanic before buying a used vehicle. It examines the car’s mechanical condition, bodywork, and any hidden damage to help buyers avoid costly surprises.","simplifiedExplanation":"Before you buy a used car, have someone look it over to make sure everything works right and there are no hidden problems. This can save you money and headaches later."}},{"startTime":1565.0,"endTime":1570.0,"type":"term","title":"electric vehicle","url":"/glossary/ev","quote":"They're also dad now talking about the recon, which is their new electric vehicle, and maybe they're going to make that a gas vehicle as well.","canonicalId":"term:ev","priority":0.5,"confidence":0.9,"source":"openai/gpt-oss-20b","data":{"explanation":"An electric vehicle (EV) is a car powered by one or more electric motors using energy stored in rechargeable batteries, producing zero tailpipe emissions.","simplifiedExplanation":"An electric vehicle runs on electricity instead of gasoline. It charges from a power outlet and doesn’t produce exhaust fumes."}},{"startTime":1888.6,"endTime":1890.0,"type":"brand","title":"Porsche","url":"/glossary/porsche","quote":"That's right. Ray six figures, no power seats. Porsche. That seems reasonable.","canonicalId":"brand:porsche","priority":0.5,"confidence":0.95,"source":"openai/gpt-oss-20b","data":{"explanation":"Porsche is a German luxury sports car manufacturer known for its high-performance vehicles, iconic designs, and engineering excellence.","simplifiedExplanation":"Porsche makes fancy cars that are fast and fun to drive. They’re famous for models like the 911 and Cayenne."}},{"startTime":1894.2,"endTime":1900.0,"type":"part","title":"power seats","url":"/glossary/power-seats","quote":"There is a lot of you need power seats. You can manually adjust those seats almost equally as well as if they were power seats.","canonicalId":"part:power-seats","priority":0.5,"confidence":0.9,"source":"openai/gpt-oss-20b","data":{"explanation":"Power seats are seats that can be moved up, down, forward, or backward using electric motors, allowing drivers and passengers to adjust their seating position quickly and comfortably.","simplifiedExplanation":"Power seats let you change where the seat sits with a button, so it’s easier to get into the car and sit just right."}}],"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/insane-car-market-fraud-lenders-collapse-episode-985/transcript.vtt","type":"text/vtt"}]}