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It's noon here in our nation's capital, Washington, DC.
04:07
And this is Car Eng Live for Wednesday, September 10th
04:11
with your hosts, me, Ray, and, well, that guy, Zach, my son,
04:19
I'd ask you how you are handsome, but I've been hanging out with you
04:22
for like three hours already.
04:25
Doing great. Happy Wednesday.
04:26
On September 10th, grateful for everyone being here with us.
04:29
Today's show, folks, is brought to you
04:33
by the Free Windows Sticker Generator back on CarEdge.com.
04:37
All you'll do is go to CarEdge.com under Research,
04:40
then there's Free Windows Stickers,
04:41
or go ahead and do a quick Google search,
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Windows Stickers, Free Windows Stickers, CarEdge,
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and it'll pop right up.
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Sorry to hear there's a little bit of reverb and echo.
04:50
Well, we can try the other mic maybe tomorrow,
04:52
but yeah, we've both got our little mics
04:54
and our tiny cube here.
04:55
We'll do the best we can.
04:56
We'll keep our voices a little more tamed.
05:00
All right, we're gonna try and modulate.
05:02
The thing that I wanted to start today's show off with, Dad,
05:04
Justin on our team pulled together
05:06
the 10 best car deals in September.
05:09
You and I were just reviewing the data.
05:10
We just filmed a video talking about the fall car market.
05:14
Yes, the new car market.
05:15
There's some winners, there's some losers,
05:17
but there's still some deals to be had.
05:19
So why don't we run through the top 10 list here
05:21
as compiled by Justin on our team,
05:23
the best new car deals in September.
05:31
The 2025 Nissan Rogue.
05:33
What do you think the offer is on the Nissan Rogue?
05:38
I mean, you're proud of that one.
05:42
0% financing for 60 months and $1,750 in bonus cash.
05:48
That's better than free.
05:49
That's free plus 17s empty.
05:51
In essence, if you finance the damn thing,
05:54
they are paying you $1,750 to do that,
05:59
and they're not charging you any interest for 60 months.
06:05
Have we just said modular?
06:06
I have your budget like you're going louder
06:09
and you're going more all over the place.
06:11
That's much better than free, ladies and gentlemen.
06:13
That's free with $1,750 on top.
06:17
So 0% financing plus getting a cash and sentiment
06:20
is not that normal.
06:21
Many times manufacturers say one or the other, not both.
06:24
So I think this is a big deal
06:26
that Nissan needs to move your road.
06:27
And so they're offering 0% financing
06:29
and it's not for 36 months or 48 months.
06:31
It's for a five-year car loan,
06:32
which is like a long-term 0% financing
06:35
plus the cash offer.
06:36
So that's the first one on the list
06:38
And that doesn't include any discount.
06:42
No, from the dealer.
06:43
That you can get from the dealer
06:45
when you're negotiating for a road.
06:47
I cannot believe that first one,
06:49
after you said you're going to go modular,
06:50
you're going with the,
06:52
you know, some things in life are hard to change.
06:55
They are hard to change.
06:55
Twice when you buy a Nissan Murano,
06:58
customers are trying to change their minds
07:00
about Nissan evidently.
07:01
And hopefully these incentives help 0% financing
07:05
So you can already just compare these two.
07:07
Which one is Nissan more desperate to get rid of?
07:09
The Murano or the Rogue?
07:10
Well, apparently it's the Rogue,
07:12
which is I think their number one selling vehicle.
07:15
And the Murano, which is completely redesigned,
07:18
doesn't seem to be a fan favorite at the moment.
07:22
You know, and just looking at that picture,
07:26
I can understand why.
07:29
So Nissan got two here of the top 10 best deals
07:32
we're seeing thus far in September.
07:34
And there you go, we've got a third one,
07:37
Now the Pathfinder has gotten insanely expensive
07:41
typically ranging over $50,000.
07:44
And that's why Nissan's having to offer here again,
07:47
0% financing for 60 months,
07:49
and this time $1,000 in cash incentive as well.
07:52
So Nissan that representing one of those brands
07:55
that has the oversupply of inventory
07:56
and is really desperate so far as right now,
07:58
these are big incentives heading into September.
08:01
Well, they are huge incentives.
08:03
And here's the sad reality.
08:06
So few of Nissan's customers
08:10
are going to qualify for the 0%
08:12
Let's break that down.
08:13
Yeah, help us understand that.
08:14
So they've got these incredibly attractive offers,
08:18
but you're saying the sad reality is
08:20
most Nissan customers won't qualify.
08:22
Yeah, typically when they have 0% interest,
08:25
that's for tier one credit.
08:27
Now I have heard rumors that if you have a credit score
08:35
they will treat you as a tier one credit customer
08:39
and still give you that 0% interest.
08:42
I can't imagine that they could actually do that.
08:48
that is a unbelievable opportunity
08:52
for people out there with some credit issues.
08:55
Break down credit tiers.
08:56
Because you said tier one credit, you said 550.
08:58
So help us understand the basics of this.
09:00
Like what are tiers?
09:02
What does this mean?
09:04
Well, tier one is top credit.
09:06
That's usually a credit score
09:08
somewhere between 740 and 850.
09:11
And this is the auto FICO score.
09:14
And then tier two would be the tier just below that.
09:18
That might run 680 to 739.
09:22
And then the tier three would run like 600 to 679.
09:28
And then once you start hitting below 500,
09:31
below 600, that's typically considered subprime.
09:35
So for every tier, the rates are typically higher.
09:40
So if it's 0% for tier one,
09:42
it might be 1.9% for tier two,
09:46
could be 3.9% for tier three.
09:50
And for tier four subprime,
09:56
So there's these incentive interest rates,
09:58
but they're just different based on your credit.
10:02
And what I have heard through the grapevine
10:05
is that if your credit score is 550 or above,
10:10
they will treat you as if you were a tier one customer.
10:14
So for someone who has bad credit,
10:19
someone who has a checkered credit history
10:23
who would never qualify as a tier one buyer
10:26
to get a 0% interest,
10:28
this is an opportunity to A, reestablish your credit
10:33
and help your credit score go up
10:35
and B, take advantage of a 0% interest rate.
10:39
Now, granted, you are driving a Nissan,
10:44
but you are doing it at a finance rate of 0% interest
10:49
and in some cases where they're giving you extra money
10:54
So if that's legit, which again, it's just a rumor.
10:58
So we don't have a way to verify that right now.
10:59
If you're out there and you have a sub 600 credit score
11:01
and you go to a Nissan dealership this month,
11:03
let us know what credit or what interest rate
11:05
you qualify for when they run your credit application.
11:08
But if that's legit, it's actually like,
11:10
probably the best boost your credit program of all time.
11:13
It's mana from heaven.
11:15
I mean, it's incredible.
11:18
And even if you're not,
11:19
even if that's not the reality,
11:20
let's say you have to have actual tier one credit,
11:23
it's still 60 months, 0% finance,
11:26
which right now the average APR is 9% on a new car.
11:30
That's a hell of a deal.
11:31
That's a hell of a deal.
11:32
May I say one thing?
11:33
I just saw Charlie's hamburgers made a comment
11:36
and I said to you today
11:38
that I needed to have a shout out to Charlie's hamburgers
11:41
because, well, my brother, Uncle Ken
11:43
and our favorite aunt, Aunt Doreen,
11:46
got together a week ago yesterday
11:49
and went to Charlie's hamburgers in Folsom,
11:51
Pennsylvania in Delaware County.
11:53
And I mentioned to Kenny that,
11:55
well, we have a comment or Charlie's hamburgers
12:01
Maybe one day he'll have to meet Uncle Kenny
12:05
and sit down and have a hamburger.
12:08
They're always being here.
12:10
Let's keep going to the list pops.
12:12
The fourth one we've got on the list,
12:13
we've got our first EV.
12:14
Justin's got the 2025 Chevrolet Equinox EV on the list.
12:18
Let's see, what do you think the incentive is here?
12:20
Is 0% financing for 60 months?
12:22
Now, when it comes to EVs,
12:24
we're obviously a huge proponent of leasing them,
12:27
not financing them to appreciate very rapidly.
12:30
Even with a 0% financing offer,
12:31
I think we're still thinking
12:33
lease this vehicle, don't finance it.
12:35
If you know that you're going to keep an EV
12:42
for five, six, seven, eight years
12:45
and you don't care about the depreciation,
12:48
then by all means buy it
12:50
and take advantage of a 0% interest rate.
12:54
If you are uncertain,
12:57
if you wanna try it to find out if you would love it,
13:00
then lease it and let somebody else suffer
13:03
that depreciation loss.
13:04
And if you're prepared to own an EV for five to 10 years,
13:08
I don't know how you got the conviction to do that.
13:10
I think there's still a lot of questions
13:12
about what these things look like seven years later.
13:15
Yeah, obviously we've got some Tesla's
13:16
that have been on the road for a decade now,
13:18
but it's few and far between for the other automakers.
13:21
2025 Honda Prologue is on our list
13:23
of some of the best new car deals
13:24
you can get in September 2025,
13:27
another electric vehicle.
13:28
Look at this step, 0% financing for 60 months
13:31
or Honda is pushing a $179 a month lease payment.
13:37
Obviously there's some specific terms
13:38
and things like that with that.
13:40
But that being said,
13:40
some $200 a month to get yourself in a Honda.
13:43
I like Justin's comment here.
13:46
you'll spend more on streaming subscriptions
13:48
than on this lease.
13:50
Well, he might be onto something.
13:52
So instead of streaming stuff,
13:55
just go lease yourself a Honda Prologue.
13:59
That's a hell of an opportunity.
14:01
And let me say on these special lease deals
14:04
that are incredibly inexpensive
14:09
to qualify, to have the dealer participate in that program,
14:16
It could be on a base vehicle that nobody has in stock.
14:20
It couldn't require a considerable amount of cash down.
14:24
And when they say cash down on a lease,
14:26
that doesn't include taxes, tags.
14:31
Registration, all that stuff on top of it.
14:35
So if you see something advertised
14:37
and it's a cheap lease and they go $39.99 down,
14:41
it's not $39.99 down.
14:46
And it's plus tax, title, registration.
14:48
And it starts to add up.
14:51
And then the dealer has to agree
14:53
to participate in that program.
14:55
And in many cases, they're not interested.
14:57
There's also the reality, Dad.
14:58
You mentioned credit earlier.
15:00
It's not like everyone's gonna qualify for that.
15:02
And leasing is even more dependent
15:05
on a high credit score than finance.
15:07
It takes better credit to lease a vehicle
15:10
than it does to buy a vehicle.
15:12
And the reason for that is the leasing company
15:16
is assuming all of the risk
15:19
because they are purchasing the entire vehicle
15:25
So you have to even have better credit
15:27
and the higher insurance.
15:31
Let's keep coming here, Dad.
15:32
We've got the 2025 Toyota Tundra making the list.
15:34
Let's see what's the offer from Toyota.
15:36
This is a regional offer.
15:38
So this is in the South, Midwest, and Texas.
15:41
1.75% financing for 72 months.
15:47
And apparently nobody wants one
15:50
in the South, the Midwest, and Texas.
15:54
That's why it's so regionalized.
15:56
And those areas, that vehicle,
15:59
it really is struggling sales wise.
16:04
1.75% for 72 months is an incredible buy-down.
16:07
And it's not like thousands of dollars.
16:10
But here's what I want to say to people.
16:12
It's not like if you live in Delaware,
16:15
you can say, well, I'll go to Texas
16:18
and buy it and get the 1.79, 75%,
16:21
you know that it is based on your zip code
16:27
and you won't be able to utilize that
16:29
because you live in Delaware.
16:32
Yeah, you used to share stories
16:33
about regional incentives.
16:36
You have to buy them.
16:36
When I was with Acura and it was in Scottsdale,
16:44
Californians would have loved to come over
16:47
and buy an Acura from us
16:48
because our programs were much better
16:51
than the program in California.
16:53
However, if you had a California address,
16:56
you did not qualify for our programs.
16:59
And our programs were good in like Colorado, Nevada,
17:05
Utah, Texas, New Mexico, and Arizona.
17:11
I'm sorry, the folks in other states
17:13
just wouldn't have qualified.
17:15
So everything's regional.
17:16
Yeah, it's all for where you register.
17:17
Register the vehicle.
17:18
Let's keep going down.
17:19
We've got another one here.
17:20
Another electric vehicle, Audi,
17:22
which we know has a tremendous oversupply of inventory
17:25
and also have increased the prices
17:26
of their new cars significantly as well.
17:28
The 2025 Audi Q6 e-tron is making the list here
17:32
with 1.99% financing for 72 months.
17:37
All right, it's another insane finance offer.
17:40
I would still be thinking about leasing this vehicle
17:41
and financing it, but an Audi has made the list.
17:45
Add the 2025 Mazda CX-50.
17:49
It seems like Mazda had increased their incentives
17:51
a little bit, 1.9% financing for 60 months on the CX-50.
17:57
This seems like a hell of a deal for Mazda.
18:02
Perhaps if they had been doing that back in March,
18:05
I would have gotten a CX-50 and purchased it
18:08
instead of a CX-30 and leased it.
18:12
Although as nice as the CX-50 is
18:15
and I've written in them, it is for my taste a little,
18:20
I hate to say this, but it's a little too big for me.
18:22
For sure, for sure.
18:23
But I'm thinking back to you, Dad,
18:24
we had a Mazda dealer on the show recently.
18:26
He had an aged CX-50 that he was trying to move on.
18:31
Oh yeah, there you go.
18:32
But if you find a dealership with an aged CX-50
18:34
that are trying to move on from it,
18:35
did negotiate a big dealer discount
18:37
and then 1.9% financing for 60 months?
18:40
Yeah, no, that's a hell of a deal.
18:42
That's a great deal for September.
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21:00
All right, Dad, then we've got Jeep
21:01
getting in on the fun they have to.
21:02
This works for both the 2024s and the 2025s.
21:05
The Grand Cherokee 4xE, the 4xE lineup at Jeep
21:08
has been to a degree a bit of a disaster
21:11
Yeah, typically big incentives there.
21:14
If it's a 2024, you get 0% financing for 72 months.
21:18
If it's a 2025, you get 1.9% financing for 72 months.
21:23
There is still significant.
21:25
I think it's over 20%.
21:27
No, no, I'm the amdage has 17%
21:30
of their new car inventory are 2024s.
21:32
Some of the other Stellantis brands
21:33
also have a lot of 2024 inventory.
21:35
But seemingly here, Jeep has a lot of quote unquote
21:38
new 2024s available for sale,
21:42
which is ultimately leading them to have to offer
21:43
0% financing for 72 months.
21:46
This is a huge buy down.
21:47
And you said it earlier today.
21:49
One of the reasons they offer 0% financing
21:52
for that type of term is because there's zero
21:55
interest in the vehicles.
21:57
And this is how you create interest
22:01
for people to come and look at it.
22:03
Yeah, but obviously not enough
22:05
because it's the 2024s that we're talking about,
22:08
but also the 25s have 1.9%.
22:09
So maybe they need to do what Nissan did
22:12
and let's give you the 0% for 72
22:16
plus a $1,750 cash bonus.
22:20
Yeah, I can remember everyone,
22:21
all these deals that we're looking at right now,
22:23
they do not include the fact that you're gonna negotiate
22:25
on the out the door price, a dealer discount.
22:27
These are just the incentives from the manufacturer,
22:30
which we know for the most recent month
22:33
that we have data, it's about 7.3%
22:35
of what you transact for.
22:36
What the price of the vehicle is
22:37
is what the manufacturer is offering an incentive.
22:40
So you buy a $100,000 car,
22:41
on average in the new car market right now,
22:43
you're getting $7,300 in incentives.
22:46
I mean, some of these vehicles
22:47
we're already looking at,
22:48
0% financing for 72 months on a $70,000 Jeep
22:52
is thousands of dollars.
22:54
I mean, it's more than 7% incentive from the manufacturer.
22:57
Yeah, these are big offers.
22:59
Okay, we got another one here, dad.
23:01
The 2025 Chevrolet Silverado 1500.
23:05
Now we know for the 2026 model year,
23:06
Chevy increased the destination charge
23:09
on this vehicle by 600 bucks.
23:11
So the price is going up on 2026 is,
23:14
you have a 2.9% APR offer for 72 months right now
23:19
on this vehicle, which I think is huge.
23:22
Well, yeah, I mean, they're all trying
23:26
to create the type of interested need.
23:30
They need to create in order to move on
23:33
from some of these vehicles.
23:34
And, you know, when you start looking
23:38
at average price points, you begin to realize
23:42
that well, so many of these are just so overpriced
23:45
to begin with, that this is the only way
23:48
they can attract customers to come look at them.
23:52
And obviously the hope is that whatever deficiencies
23:56
these vehicles may have,
23:59
that the people will overlook them
24:01
because the offers are good enough
24:04
to well put up with whatever issues they might have.
24:07
Now dad, I was trying to find quickly here
24:09
and find the article, but I know we had heard
24:12
from General Motors that they were actually
24:13
going to postpone some production of their vehicles.
24:16
I forget if the 1500 was caught up in that.
24:19
I don't remember if the Chevrolet Silverado 1500
24:21
was caught up in it, but the offers here
24:23
kind of suggests that they have an oversupply
24:24
of inventory right now.
24:25
So not only is there 2.9% financing for 72 months,
24:28
there's also 0% for 36 months,
24:31
or they have this lease deal at $379 a month as well.
24:35
So General Motors has too many Silverado 1500s right now
24:39
and are having to incentivize the sale of them.
24:41
As Justin said in the article,
24:42
the best truck deals right now are over at Chevrolet
24:46
with GM products, not Ford, not Ram.
24:49
Yeah, you will notice that the bigger the incentive,
24:51
the less popular the product seems to be.
24:56
There's difficulty in moving that product at the moment.
24:59
You don't need to put a big incentive
25:01
on something that's flying off the shelves.
25:03
Look at the Toyota incentive,
25:05
regionalized and an insanely strong incentive
25:08
coming from Toyota, so obviously they get it.
25:10
It's not like they do that for the RAV4 hybrid.
25:13
They're doing it for the Toyota Tundra
25:15
in a specific market where they have an oversupply.
25:18
Yeah, it makes sense.
25:19
Let's come here down from Shannon.
25:21
Well, happy birthday, Shannon.
25:23
There you go, very happy birthday.
25:24
Great to spend it with Car-Edge,
25:25
oh yeah, happy birthday.
25:26
Let's all wish Shannon a happy birthday and a check.
25:31
Thanks for spending some of your birthday with us.
25:34
Dad, I have a couple other things
25:36
that I wanted to cover with you today.
25:37
First one would be as well,
25:39
first I'll do a friendly reminder.
25:40
CarEdge.com, if we can help you out with anything,
25:42
please, please check out the website.
25:44
And again, like I mentioned earlier in the show,
25:46
just do a Google search, free window stickers,
25:48
back on CarEdge.com, you can get your hands on that.
25:51
The big thing that I wanted to talk about
25:52
was this news that car dealership got shared earlier
25:55
today, let me read this to you, this is pretty nuts.
25:58
Auto lenders are getting crushed on repos.
26:01
The subprime recovery rate index,
26:03
which tracks how much lenders recoup after a repossession
26:05
has plunged from about 80% in 2021
26:09
to just 37% by mid 2025.
26:13
The reason, falling used car values plus rising repo costs,
26:16
storage, transport and auction fees
26:18
are up 15 to 20% with inflation.
26:20
The signal, lower repo recoveries
26:22
mean bigger losses pushing lenders
26:24
to like the Titan underwriting
26:26
and lean harder on technology to limit risk.
26:29
This is fascinating.
26:32
Think about this again.
26:33
In 2021, a vehicle gets repossessed,
26:35
a lender has to take over and purchase a vehicle
26:38
or recoup a vehicle for a customer and then sell it.
26:40
They were getting about 80 cents for each dollar
26:43
when they did that.
26:44
Now they're getting 37 cents on the dollar.
26:52
That would explain why in most cases,
26:54
subprime lenders or borrowers are paying
26:58
20 plus percent interest on a loan.
27:02
Because you need to be collecting that type of interest
27:07
in order to cover all these losses you're gonna have.
27:10
But borrowers have been spending 20% on interest rates
27:14
Subprime borrowers have been at those interest rates
27:16
I think that's the story at all.
27:18
The story is that you're getting half as much money back
27:21
when vehicles are being repossessed
27:22
and we know more vehicles are being repossessed, right?
27:24
So if you're a lender, what do you do?
27:27
You turn it right here.
27:28
You gotta tighten your lending,
27:29
which is the opposite of what we're currently seeing
27:31
We're seeing lenders be more open
27:34
and approve more people for auto loans.
27:36
There's a dichotomy of what's going on.
27:37
So how does that make sense?
27:42
I'm just reporting the news.
27:43
But I guess like so many things in life,
27:46
they just don't make sense.
27:48
You look at certain situations
27:50
and you wanna apply logic to that situation.
27:53
And then you realize, well, apparently logic
27:56
is really in short supply
27:59
because there is no logic being applied.
28:02
So it's just, it's fascinating to me
28:05
that these type of lenders
28:08
see what the handwriting on the wall
28:11
and rather than really tighten
28:15
their lending criteria,
28:18
in many cases they're broadening
28:21
and lending the more folks that they shouldn't get along.
28:23
And loan-to-value ratios.
28:25
You and I looked at data maybe a week, two weeks ago.
28:28
It was independent finance companies
28:29
have the highest loan-to-value ratios
28:31
normalizing 140% plus loan-to-value ratios.
28:34
And for those of you in our community
28:35
that are educated and informed about this,
28:37
you know that that means that you're getting an auto loan
28:40
on a $10,000 vehicle,
28:42
but they'll loan approvals for $14,000.
28:44
Why would I need a $14,000 auto loan
28:46
on a $10,000 vehicle?
28:47
Maybe I'm rolling in negative equity
28:49
from my prior auto loan.
28:50
Taxes, fees, dealer add-ons get put onto the...
28:53
Maybe I have everything inside of that circle down.
28:58
I've got nothing to put down.
29:00
And so we're seeing that
29:02
plus access to that credit more available than before.
29:05
And then on the other side, what's the output?
29:08
37% value being recouped
29:11
on the vehicles being re-possessed.
29:12
When I read that, I sat up.
29:14
I was like, oh man.
29:16
And you know the lenders have the right
29:19
to come after the borrower
29:23
for what's known as the deficiency balance.
29:25
Yeah, I've written that.
29:26
After they've sold the vehicle at auction.
29:29
So the bank repossesses out of the vehicle.
29:31
So let's say the loan balance is $10,000
29:36
and the bank repossesses the vehicle.
29:39
And when everything's all said and done,
29:44
So they've collected $3,700
29:47
on that $10,000 outstanding balance.
29:51
That means that there's a deficiency of $6,300.
29:57
And the lender is allowed to come after the borrower
30:02
for that $6,300 for that deficiency balance.
30:06
Now, many lenders don't bother
30:10
because well, somebody once said
30:13
you can't get blood from a stone, you know.
30:16
And if you're already lending to people
30:18
that you know don't pay their loans well,
30:21
well, it's not like they got 6,300 hours sitting around.
30:25
And so you can set up a new payment plan
30:30
to address that 6,300.
30:33
But what's the likelihood
30:34
that they're going to make the payments on that?
30:36
They already proved they couldn't make the payments
30:39
when they had something in their hands for it,
30:41
which was the car they were driving.
30:43
So, but that deficiency balance
30:48
is the customer's responsibility.
30:50
Ultimately, what happens is it all just gets written off.
30:54
Yeah, but I think to your point though,
30:56
they will go after that.
30:57
Oh, they will try, yeah.
31:00
So it's not like you get your vehicle repossessed
31:02
and okay, wash my hands.
31:04
Get your vehicle repossessed
31:05
and now you've got someone trying
31:06
to garnish their wages.
31:07
Yes, they're going to try and collect it if they can.
31:12
Hey, you got from Igor here.
31:13
I've been running the alarm bell
31:15
almost every week about repos.
31:17
I go to the used car dealer auctions every two weeks.
31:20
Auctions two times a week, excuse me, and repos are growing.
31:23
I mean, we know it.
31:24
It's, you know, you can't, I shouldn't say you can't.
31:29
You shouldn't offer loan to value ratios
31:34
of 120, 100, 30, 100, 40, 150% on loans
31:40
to people who have, well, bad credit.
31:44
There's a reason they have bad credit.
31:46
They have chosen in the past
31:49
because of some circumstances in their lives
31:52
to not be able to make their credit obligation payments
31:57
History tends to repeat itself.
32:00
So if you base it on history,
32:02
you pretty much know that you're going to be running
32:05
into these difficulties
32:07
with these people moving forward.
32:09
And why, in the old, let me just say this,
32:15
in the old days, for some prime borrowers,
32:20
we would get approvals.
32:23
You'd submit their credit up.
32:25
Again, approval, okay.
32:26
Yeah, like 80% of loan to value.
32:30
So in plus tax and tax.
32:33
So if somebody bought a $10,000 car
32:37
and with the tax and tax, it's 11 grand,
32:41
the bank would finance 8,000.
32:46
And the customer's responsibility was to come up
32:48
with the $3,000 difference.
32:51
Today, the bank is saying, hell,
32:55
will finance 13,000 on that $10,000 vehicle
33:01
and you can come up with zero.
33:04
Well, convince me that that makes good sense.
33:12
All right, folks, you got one more story
33:14
I want to bring up today.
33:14
But before I do want to thank the fine folks
33:18
over at Fortune Magazine, dad, I don't know.
33:20
If you go to fortune.com this morning,
33:22
you have to scroll down just a little bit.
33:24
Oh, and whoa, whoa, whoa.
33:27
Hey, that's you and me.
33:28
That's a couple of, well, that's one handsome guy
33:31
and one short fat balding guy.
33:34
This 30 year old CEO,
33:36
I don't know if this was a compliment from the journalist
33:38
or not, this 30 year old CEO says his AI negotiator
33:42
can successfully haggle down the price of a car
33:44
by thousands of dollars.
33:47
A huge thanks to Dave Smith and Fortune Magazine
33:50
for putting us on the homepage of Fortune.
33:51
This guy, Bob, is talking about the AI negotiator
33:54
that you can use back on caredge.com.
33:56
And a tremendous thanks to our team
33:58
working weekends, working nights.
34:01
We got a lot of people busting their butts right now
34:03
to get the negotiator stronger, better, faster,
34:06
all those fun things.
34:07
But a huge thanks to Fortune for sharing this,
34:10
what a tremendous moment for us personally
34:12
and obviously for our team, for our company.
34:15
This is quite the acknowledgement.
34:16
So we really appreciate that.
34:18
Are you trying to suggest that we are so much more
34:23
than just a couple of YouTube knuckleheads?
34:26
Yeah, we're trying, man.
34:27
We're certainly trying.
34:29
All right, Dad, I wanted to turn our attention
34:31
We don't really do our really got to be kidding me
34:33
segment that often anymore.
34:35
But this can fall under that.
34:36
Thank you, Core Guy.
34:39
We'll explain that the pops off there.
34:41
Thank you, Core Guy.
34:42
I can't wait to find out what the hell that is, Core Guy.
34:45
Thank you, Core Guy.
34:47
And yeah, congratulations go to our whole team.
34:49
It's really incredible.
34:49
We just get to be in front of it.
34:51
There's a half of a lot that goes on behind the scenes.
34:55
Jaguar Land Rover says some data hit in cyber attack.
34:58
We know that Jaguar Land Rover is on the IR this year.
35:02
They're not producing vehicles.
35:03
They've taken the year off, 2025 is the year off.
35:06
But to add insult to injury, they also
35:07
had a cyber attack that ultimately, unfortunately,
35:10
some data got leaked out there.
35:12
This could be a good one for our first sponsor to leave me.
35:15
But there you go, man.
35:16
But you know what the good news is?
35:17
What's the good news?
35:18
Well, we're talking about Jaguar and Land Rover.
35:20
And they never really sold a whole lot of cars.
35:25
I mean, maybe over the course data.
35:28
How much data could get stolen?
35:30
How many people could it affect?
35:32
It's not like they sold vehicles and say the numbers
35:37
that Ford has or General Motors has.
35:40
This is Jaguar Land Rover.
35:43
So it is, and I know I'm trying to make fun of it.
35:47
It is an unbelievably bad situation
35:52
for those whose information was compromised.
35:58
But the good news is, it's not that many people
36:02
because of the brands that we're talking about.
36:05
You've got a fun way of looking at things.
36:06
You always have to try to find the positive in everything.
36:10
Again, folks, caredge.com, if we can help you out.
36:13
If anything, please check it out.
36:14
That thanks to Fortune as well really made
36:18
We're back tomorrow with more Car Edge Live
36:20
will be side-by-side yet again.
36:22
So I appreciate my dad being here.
36:24
And yeah, let's go get some lunch on robbery.
36:31
We'll see you that during tomorrow.
36:32
Thank you, everybody.
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