{"version":"1.0.0","episode":{"title":"The Auto Loan Crisis Just Hit a 32-Year Record & Here's What It Means for Car Prices | Episode 1012","url":"http://getcarcurious.com/episodes/the-auto-loan-crisis-just-hit-a-32-year-record-here-s-what-it-means-for-car-prices-episode-1012","audioUrl":"https://pdrl.fm/3359a6/pscrb.fm/rss/p/mgln.ai/e/1385/injector.simplecastaudio.com/14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9/episodes/cde42765-7516-4b4c-9482-7b98bdb23e48/audio/128/default.mp3?aid=rss_feed&awCollectionId=14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9&awEpisodeId=cde42765-7516-4b4c-9482-7b98bdb23e48&feed=gkrQ6WSC","description":"Today on CarEdge Live, Ray and Zach discuss the latest data from the auto loan markets. 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":56.0,"endTime":66.7,"type":"term","title":"add-ons","url":"/glossary/add-ons","quote":"...you can see dealers who are doing things like adding add-ons. What would those add-ons be? I don't know, this dealer just happens to add premium clear bra and ceramic and knack combo and tire and wheel and other accessories...","canonicalId":"term:add-ons","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Add-ons refer to additional features or accessories that dealers may offer on top of the base price of a vehicle. These can include things like paint protection films, upgraded wheels, or aftermarket accessories that enhance the vehicle's appearance or functionality.","simplifiedExplanation":"Add-ons are extra items or features that you can buy when you purchase a car. They can make the car look nicer or add more protection, but they usually cost more money."}},{"startTime":61.8,"endTime":61.8,"type":"term","title":"premium clear bra","url":"/glossary/premium-clear-bra","quote":"...this dealer just happens to add premium clear bra and ceramic and knack combo...","canonicalId":"term:premium-clear-bra","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A premium clear bra is a type of protective film applied to a vehicle's paint to guard against scratches, chips, and other damage. It's often used on high-impact areas like the front bumper and hood to maintain the car's appearance.","simplifiedExplanation":"A premium clear bra is a special plastic film that you can put on a car to protect the paint from scratches and damage. It helps keep the car looking new for longer."}},{"startTime":61.8,"endTime":61.8,"type":"term","title":"ceramic","url":"/glossary/ceramic","quote":"...this dealer just happens to add premium clear bra and ceramic and knack combo...","canonicalId":"term:ceramic","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Ceramic coatings are a type of liquid polymer applied to the exterior of a vehicle to provide a protective layer. They help repel water, dirt, and contaminants, making the car easier to clean and enhancing its shine.","simplifiedExplanation":"Ceramic is a special coating that you can put on a car's surface to protect it. It helps keep the car clean and shiny by making it harder for dirt and water to stick."}},{"startTime":65.1,"endTime":66.7,"type":"term","title":"tire and wheel","url":"/glossary/tire-and-wheel","quote":"...tire and wheel and other accessories, and, oh man, the list goes on and on.","canonicalId":"term:tire-and-wheel","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Tire and wheel packages refer to the complete set of tires and wheels that can be purchased for a vehicle. Upgrading these can enhance performance, aesthetics, and handling characteristics.","simplifiedExplanation":"Tire and wheel packages are sets of tires and wheels that you can buy for your car. They can change how your car looks and how it drives."}},{"startTime":90.4,"endTime":92.9,"type":"term","title":"Out-the-door price","url":"/glossary/out-the-door-price","quote":"with car dealers, saving people on that day from first OTD to last OTD, $57,924.","canonicalId":"term:out-the-door-price","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Out-the-door price (OTD) is the total cost of purchasing a vehicle, including all taxes, fees, and additional costs. It represents the final amount a buyer will pay to drive the car off the lot.","simplifiedExplanation":"Out-the-door price is how much you actually pay for a car, including everything like taxes and fees. It's the total cost to own the car once you leave the dealership."}},{"startTime":643.9,"endTime":648.0,"type":"term","title":"84-month car loans","url":"/glossary/84-month-car-loans","quote":"...84-month car loans are a death trap for customers. Brian Binstock talking about 84-month car loans are bad for car dealers, even though it helps them sell cars today...","canonicalId":"term:84-month-car-loans","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"An 84-month car loan is a financing option that allows buyers to pay off their vehicle over a period of seven years. While it may lower monthly payments, it often results in higher overall interest costs and can lead to negative equity, where the car is worth less than the amount owed.","simplifiedExplanation":"An 84-month car loan means you pay for your car over seven years. This can make monthly payments smaller, but you might end up paying more in interest overall and could owe more than the car is worth if you want to sell it later."}},{"startTime":1660.1,"endTime":1665.1,"type":"car","title":"Vector W8","url":"/cars/vector/w8","image":"https://upload.wikimedia.org/wikipedia/commons/6/6d/1990_Vector_W8_Twin_Turbo_sports_car_%28Ank_Kumar%2C_Infosys_Limited%29_01.jpg","quote":"...we would need a lot of butter to get Ray into this vehicle. The Vector W8. I can't wait to see this. Wait for it, Dad. Let me share the screen with...","canonicalId":"car:vector:w8","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Vector W8 is a high-performance sports car produced by Vector Motors in the 1980s and early 1990s. It is known for its distinctive design and advanced technology for its time, including a twin-turbocharged V8 engine.","simplifiedExplanation":"The Vector W8 is a rare sports car that was made in the 1980s and 1990s. It has a unique look and was one of the fastest cars of its time, featuring a powerful engine.","imageAttribution":"Ank Kumar (CC BY-SA 4.0)"}}],"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/the-auto-loan-crisis-just-hit-a-32-year-record-here-s-what-it-means-for-car-prices-episode-1012/transcript.vtt","type":"text/vtt"}]}