The New Testarossa, A Big Auto Lender Went Bankrupt, Lexus IS Hangs On & More | Ep 44

All right, dude, I got to kick it off with this.

So, Nick loves red, we've been through this,

it's a running joke for the last couple of weeks, all right?

Nick loves Ferrari, I was sent this to me

at least half a dozen times, so Ferrari,

for this from the drive, the new Ferrari 849 Testerosa

already has an army of haters.

You've seen it, right?

You already have some first impressions of it.

Please tell me what you think of this car.

I don't, I think the people hating on it

don't understand what Ferrari's trying to do.

They're trying to rectify the SF-90 mistake.

Okay, so this car is to rectify

basically a very hated vehicle, the SF-90.

And they're doing a better job.

This is a new sort of design language,

making this look different than anything else.

Here's what I'll say, I'm not a big fan of

using the name Testerosa now

for everybody that doesn't know the history of Testerosa,

there was one in the 50s, there was one in the 80s.

Everybody remembers the one from the 80s

because the side profile is this iconic,

once in a generation type of icon,

it doesn't even matter if the car was good,

just that side profile was so iconic, right?

With the side strikes and the gills, the fins,

whatever words you guys wanna use,

everybody says it a little differently.

I don't like when you just use and stamp names.

Lamborghini did this with Kuntashe recently,

Supra did this, or Toyota did this with Supra.

But I think people that have followed us know

that Ferrari's direction now is higher production.

That's kind of what doomed SF-90,

not only that it was kind of an incompetent car

from a driving perspective, from a lot of people's opinion.

The second thing is they produced too many of them,

so if they limit production on this

and they do all this kind of stuff,

I want everybody also to know,

Ferrari's never taken good corporate pictures,

so you're gonna have to see this car in person

to actually see what it looks like.

It all looks like some guy was in a Photoshop booth

like just saying, hey, what do we want this to look like?

You know what I mean?

It's like, I don't know why

they can't take a competent picture.

That's kind of just been their M.O.,

their entire existence.

But I'm not a fan of just slapping Testerosa on things,

but in Ferrari's defense,

they've never really brought design language

from the same car generations later.

So if you look at the one from the 50s,

the one from the 80s is different.

This one's different than the one in the 80s.

I'm not a fan of that by any brand.

Okay, perfect.

If you're gonna stamp the name on it,

I think you gotta kind of call back to it.

I'm so glad you mentioned that

because we hear that all the time from any car.

Whether we're talking about Mocquan

and the Mustang on an American brand,

or you're talking about Testerosa,

Coontos, as I can mention,

has anyone done it at least remotely okay, in your opinion?

Well, yeah, I mean, look at Bronco.

Ah, yes, yes, yes, of course.

A very good point.

Yeah, Bronco has done well.

Ford Lightning was a disaster.

Yes.

It's the same brand, right?

I mean, Bronco has done well.

I think the new Defender was done well

to modernize it from what it used to be.

Of course, it's not exactly what it used to be,

but it was a good design.

It was competent.

And so you understand it.

Yeah, brands do this well.

I mean, Supra was probably one

of the most egregious decisions

because they outsourced basically to BMW.

It's not because they brought the super name back.

It's because they stamped the super name

on something they didn't invest in.

I'm not a fan of using the Testerosa name,

but I think this car's gonna look a lot better

in person than people believe.

The price point's gonna matter.

The limited production's going to matter,

which under their current administration,

not big on limiting production.

For everybody thinking about F80,

they've already sold all allocations,

so we know that's gonna at least meet

the demand that they want.

And by the way, you can always get another one.

You got enough money, they'll build you one.

So you think they're out, they're not.

That's the history of Ferrari in every major brand.

I would say this, man, we're all not a fan

because there's no manual, there's no V12.

It's another 1,000 horsepower car

that means very little to the consumer of like,

okay, it's 1,000 horsepower.

I will say this, it doesn't excite me

from exactly what everybody wants,

but I understand what Ferrari's doing,

but let's also remember, because of Ferrari's

sort of last 10 to 15 years of building cars,

go look at Monterey Car Week.

Ferrari values are up massively

coming out of Monterey Car Week.

People buying F430s for big numbers,

they're buying 4 or 5 eighths for huge numbers.

The F50 went for a big number.

I mean, the values exploded in the Ferrari market

and the reason is they're not coming back.

They're not coming back.

Now, will they maybe do some one-off things in the future

with some gated manuals and some special additions?

I mean, maybe, but the old Ferrari's gone.

The old Porsche's gone.

It doesn't feel like this stuff's coming back.

I mean, there was a huge number at Monterey.

Somebody paid for a GT2 RS,

I think it was a 17 or 18.

They paid like close to $800,000 for this thing.

You know what I mean?

Like, and again, is it being seen as an asset class sure?

Is it being seen as a place to put your money sure?

But also the people with money seem to be going,

I don't like the direction of any of these brands

and they're just driving up the price of these.

What we're seeing now is 90s and 2000s cars,

especially from Ferrari just exploded,

almost double the price just at Monterey car week

of what most people thought

of a lot of different Ferraris of the past.

So I was looking for, you know,

I'm still looking for what I'm looking for,

which has, by the way, we can get into,

my brain has gone like completely one way

or the other depending on like,

what do you want to do for fun?

One to drive, but also like that we can include

into the show, into the YouTube, into the podcast

because it's kind of what we're trying to do, right?

You guys are really kind of vicarious to living

through people like us if we're being honest,

is what's happening and that's okay.

That's what it's supposed to be.

Yeah, it's what it's supposed to be, right?

But we're doing it at a more reasonable level.

But side note, now I'm not trying to put you on the spot,

but what do you think,

because the place I was looking at happened to have these,

it was a 91, 964 ST and then a 95, 993.

What do you think they were going for?

If you had to guess, just ballpark,

we're just shooting shit here.

We'll start with the 993.

993's gotta be four to six maybe.

It was three, it was starting at 300.

And then the ST and the 91 Porsche ST,

that one was just four to six.

Yeah, it was 480.

Yeah, four to six.

I mean, those are four to six numbers.

I mean, good examples are four to six.

I mean, it's 993 especially is considered,

sort of the most desirable out of those era of Porsche.

Look, man, we get into this world

and we get into these discussions

and I feel like a lot of people

wanna bring all of this emotion

of what they think should happen, right?

I wish Ferrari wasn't doing this with Testerosa,

but I also can see a level of competency

of where they're trying to go

because they're going into higher production.

That's what really made SF90 kinda strange is

it wasn't a huge change in design language.

It wasn't something unique looking enough.

And so you kinda look at it and you go,

I mean, that's like two or three times

the price that it felt like it should be.

And then the driving experience

wasn't what everybody wanted.

They had done so much electronics on the inside

and it didn't resonate.

I mean, you can pick those up for like half price now.

And so you look at all of this and you go,

I don't love this, okay?

But I'm also, there's people hating on it

because they don't realize that there was a Testerosa

in the 50s and a Testerosa in the 80s

and they didn't really resemble one of it.

Ferrari doesn't do that resemblance thing, okay?

I wouldn't do that.

I wouldn't have stamped Testerosa on those.

That's not what I would have done.

That's what gets people up in arms

because most people know the side view of that 80s car.

That's where the anger's coming from.

I don't think it's coming from looking at it modern.

And again, guys, I'm not into the hybrid powertrain.

I'm not into that, okay?

I get that part of it,

but it's not going any other direction.

Like I said, I mean,

this is why companies like Aston Martin

who has had design nailed better part of your whole life.

I mean, Aston Martin's never screwed up design in my opinion,

not in my lifetime.

Agreed.

So if they start putting manual gated gear boxes

in their stuff, Aston Martin's going to go through the roof.

Right?

But Ferrari ain't going to do that.

They're a publicly traded company.

They're like, hey, how do we turn this out?

How do we get, you know,

they're just not going to do that.

How do we make the Elantra version of the Ferrari?

How do we get there eventually?

100%.

Like they're not going to do that.

As soon as they announced Pura Sangway,

it showed you what their future was.

Their future was sort of on the back of Lambo,

really kind of chasing Porsche in a way.

They had the Cayenne, the Macan, the Panamera,

all of these things that are selling mainstream.

Now is Ferrari ever going to sell mainstream guys?

No, they're never going to be down $100,000 for an SUV.

I don't think.

I mean, maybe we get there.

Although you saw that Cayenne,

that manual Cayenne on Cars and Bids that went for $125,000.

Oh, I didn't see what it went for.

Wow.

That was a number.

But you look at this and you go,

you have to put it into perspective

of what the company's doing.

That doesn't mean any of us are going to agree with it.

Again, we have blown past the horsepower talk.

That's not even the biggest topic

of conversation with this Testerosa.

Everybody's like, hey, did you see the design?

Did you see the design?

When did you think?

All of our listeners, I would love to hear your comments

on those.

When did you think the secondary story

would be 1,000 horsepower on a Ferrari?

Because it's secondary to every conversation

that's being had about this car right now.

I would say let us know in the comments,

and I should wish it to that every 10 minutes.

Let us know in the comments,

especially on YouTube or anywhere that you see a video.

Let us know in the comments your thoughts

of what you think we're talking about,

but also everyone's going to say the same thing.

Price is going to be number one.

Whether you're talking about Ferrari

or you're talking about Lexus or it doesn't matter,

and we'll get to the Lexus story

because I know it's going to be,

we've already heard it already on social media

from the old Lexus video,

but it's going to be price, right?

Secondary is a power.

I was actually funny enough,

I had in my notes, I've watched a couple of videos

from some people over the last week

since last week's episode,

and the reoccurring theme from not too long ago

when I said, hey, people are kind of fixing

up their shit boxes as they're calling it themselves,

and then you have some of the semi-bigger creators

saying, look, we're not introducing new cars

into the channel because new cars are just,

one, they're too good,

and they're too expensive to really do anything with.

Like you pick up a car,

like you can do some little bits here and there,

but as enthusiasts, you tend to change things

just for the sake of changing it,

not because it necessarily made the car better.

And that's kind of where we are, guys.

Like it's kind of weird to say,

but we've done it, we've checked all the boxes.

It's all been done, it's all done.

Yeah, and I think of the hate on the Testerosa,

you're either going to love it or hate it.

You're going to love the designer, you're not.

And I think Ferrari and Mercedes and Ford,

I think everybody's just like, hey, you like it,

you like it, you don't, you don't, we're not,

we're going to do it our way.

I don't think Ferrari is as in tune or concerned

with their customer bases,

they maybe were 10, 15, 20 years ago.

You know, they're not, they're not really seemingly,

I mean SF90, they just go, didn't work,

we're just going to do something new.

It's going to sell.

Like this is going to be the replacement of SF90.

SF, by the way, if you want to pick up an SF90,

let this car launch.

SF90 is going to go on big sale.

I mean, it's already on sale.

It's already on sale.

SF90 is going to be worth nothing.

So what was, what were some of the numbers

that we saw, people that lost on the SF90,

like in that short period of time,

it was crazy numbers, right?

Two to $400,000.

There's plenty of people that lost tons of money.

Do you think, and of course, anything's possible

or probable, but could people see that with this car too?

Is that fair to say?

This is all going to be production based.

That's why I kind of said it at the beginning.

SF90 part of the problem was it wasn't,

it didn't really set itself apart.

It was kind of an incompetent driving experience.

There were some electronic issues

and the way that the inside looked

and this kind of thing,

but also the production numbers were just far too high, right?

So because they're a publicly traded company,

they just thought, well, somebody will buy a thousand,

maybe they'll buy 5,000.

Somebody will buy two, maybe they'll buy a hundred.

You know what I mean?

Like that was kind of the mentality.

Now, did they learn their lesson?

I have no idea.

I mean, I don't think any of us know,

but if they control production,

it won't have the fate of SF90,

but could they just go flood the market?

Absolutely.

I mean, I think anything's possible

with a publicly traded company trying to make a pivot

and figure out how to sell to more people.

I think one of the things

that's going to be interesting to watch with Ferrari,

do they understand there's only a certain number of buyers?

Yeah, your clientele base.

Because here's the thing,

Ferrari was very aware of that in the past.

There's only a certain number of people

we can do business with.

What I wonder is now,

being publicly traded, wanting to make this pivot,

do they just think there's endless amounts of people?

And people probably think what I'm saying is crazy,

but I don't think it's crazy at all

because why would you have done this with SF90?

If you really thought there was a limited number of people

that could afford that car,

why would you have let the production numbers

get out of control?

And they had to do it for a reason.

They didn't just do it out of the blue.

They thought that that was a strategy.

I think they're probably gonna learn from that.

It tends to be we love to make fun of executives,

but when they look at numbers,

they tend to make a better decision production-wise.

But yeah, it's all gonna be production-based.

The price right now is roughly what, $600,000?

I think, I didn't have a front of me.

They're putting out in the world.

I think.

You're talking about $600,000?

I think they'll do well,

but again, this could also be the flashing warning sign

that the Ferrari buyer is not interested in the hybrid.

And if that pops its ugly head again,

then you're gonna see prices of 80s, 90s,

and early 2000 Ferrari prices

are gonna continue to skyrocket.

Now, all of that could be true.

Or what the play could be is have,

on the next NFL broadcast,

Mr. B strive up in one of those,

and he's gonna try to get the young buyers

to be interested in it.

In about 15 years,

they're gonna be buying this market up.

Yeah, flash those pearly whites,

get you to buy a Ferrari.

Bro, talk about something that's gonna make you feel

real bad about your pearly whites

if they're not giant chompers like that, guys.

Like my key light here.

I'm gonna tell you this,

that guy just does views, man.

Yeah, well, we don't know why.

Okay, we can get into the conspiratorial town

about why he might be getting all these views,

but that's for a different show.

Just so we're clear, it's been a rough week.

Yes, yes, absolutely.

Okay, so let's have some fun with some car talk.

Absolutely.

Let's keep it light.

Let's do our thing.

Yeah, let's keep it light, keep it light.

Well, speaking of, actually,

I was looking up the price real quick, is it?

Yeah, it looks like gonna start around 590,

up to 640, is what I'm seeing.

Yeah, it's 600.

Yeah, I mean, look, when it's $10,000.

Hey, you nailed it.

Let me say, you nailed it, okay.

Lloyd, let's give Nick Adam on the back.

He always nails a price, which is no matter if I shoot

something out of the dark,

I know he's gonna nail it within like 10 or 20 grand,

whether it's this car or a $20,000 car.

So bravo, sir.

Yeah, thank you.

By the way, if you're new to the podcast,

welcome to the number one automotive related podcast,

All Planned Earth.

We talk about car culture, news trends, obviously,

market predictions, but more importantly,

offer you a good hang every single Monday,

and we have not faltered or failed

or even wavered a little bit in the last nine months

going on whatever it is, nine or 10 months.

So we honestly, like Rob always says,

we deserve a lot of credit for all this hard work.

It's like, you know, doing roofing in the middle of summer

in South Texas.

Hey, we got a South Texas story coming.

We do.

I mean, you're not gonna dodge this,

not a pretty picture down there.

Absolutely, which I can't wait to get into,

but since we're talking about a Ferrari,

I gotta mention this,

because I meant to ask you last week,

have you seen our good friend, Vin,

not really a friend, but we like his content?

Vintra on YouTube, we both love him.

He's great stuff.

He painted the Ferrari, the 360.

So you saw, okay, so you saw it.

I'm gonna just play real quick,

like the five seconds of him showing the color.

Everybody knows that it was that, like, what do you call it?

Like pewter, champagne, whatever color it was.

And he changed it, so here we're gonna watch it.

Dude, here's the color.

Oh yeah, you're a few episodes behind.

Well, this was the,

Did you see the new wheels?

Yes, he painted them as well.

This is the big reveal.

So for those that didn't happen to see this,

this is what it looked like before we put the lights on,

which are also color matched,

before we put the wheels on,

which are also color matched,

what did you think of the color?

I'll tell you what the funniest part of this is,

having been in the Ferrari world for a long time.

He kind of starts to reference,

I don't think Ferrari's gonna like what I've done here.

I think it does, yeah.

So if you don't know,

Ferrari corporate is very anti touching our cars.

So I think it's cool cause he made it his.

Yeah.

You know, we always say this,

I'm not a big fan of the blue on blue on blue.

He did the blue headlights.

I thought that was kind of just too much.

Blue wheels.

But I thought what he did on the interior was pretty cool.

You know, he did accent blue colors, not blue everywhere.

I'll tell you this, man,

I love what this guy's doing.

And I don't really care if I like his car or what he does.

He's doing what I think is the right way.

And I know that's very arbitrary of who's right

and who's wrong.

It looks like he's just loving his cars.

He's gonna do it his way.

Showing screw ups,

showing, you know, all this kind of stuff.

But one of the things that I really like is that

he basically acknowledges,

I don't really care if everyone else likes it.

I think it's cool.

And that's kind of been our mantra of telling all of you guys

like buy the shit, do the shit you think is cool.

And, but I think these, these are heinous.

I'm, if I had been on, I'd be like,

hey, this is not a JDM car.

Okay.

It's a drift car.

Of course it is.

What are you talking about?

It's a drift car now.

Yeah.

I'm not, Vin's my guy, but yeah, yeah.

I didn't like this choice.

Yeah. I like the wheels themselves.

You see them on a lot of cars,

but the color match was just took me for,

took me for a real like left, left turn here,

left curve ball, but I think if they were white,

they would have looked pretty sweet.

Oh, really? You're a white guy.

I love what, dude, I love,

I've never been brave enough to buy one

or put it on a set on a car.

Have you, have you ever done a white?

No, that will not be on any of my cars.

No, you don't like white rally cars,

you know, white car or cars with white wheels?

But here's the thing, when they look good,

they look awesome.

Yeah, yeah.

They've been done so poorly.

Yeah.

I think it's kind of,

Fair.

Sort of like how black wheels are becoming.

Hate it, I hate them.

It's like, some of them are so poorly done

and now we've all seen so many poorer ones

that you're like, I don't know,

gunmetal gray might be the move,

let's just get out of the black

or those kind of things.

So I think it's the same thing for me.

I've seen white done,

probably 10% of the time done well,

90% of the time just horrific.

And if you're not gonna keep them clean,

then I can't, because to me,

you're getting them for that pop.

Yeah.

Right?

Exactly.

And if you never have that pop on your car,

then I'm going, okay.

You just like looking like a slob,

like what are you doing?

Just rolling around everywhere with the filthy wheels.

And by the way, the reason that Vin,

so everybody that's listening knows why I like him,

he's talking about the last 10%

of bringing the car together.

Doing things to a high level,

wires not hanging everywhere,

doing the work,

that's what speaks to me,

is that he's starting to tell people the truth

that 90% of the work is actually the last 10% of the job.

And that's what so many people aren't willing to do.

And I couldn't put any better

than what he's doing on his channel

to show people like,

I've been messing with this door panel for half the day.

And it sounds crazy to people,

but when he explains it,

it's exactly how I feel being around the car world

as long as I have,

is that people don't realize it's those last touches.

And that's why the drift world never spoke to me

because you got a laptop on the seat,

you got wires hanging everywhere and I go,

hey man, I really respect the talent,

but the car kind of looks janky.

I don't get into that,

but I do respect that you guys can do it.

It's just, I don't like the jankiness of it.

Yeah, it all kind of,

if we're being honest,

a lot of it looks pretty shitty,

but it's cool.

Like things can look shitty

and be cool at the same time.

Don't get me wrong.

I love drifting.

I mean, that was one of my favorite parts

of need for speed,

like going on the drift,

whatever missions you had to do.

It's really cool.

But again, it's even like,

and I know you don't like a lot of extra stuff

in your cars that doesn't belong there,

but if we're in a car for a long time

or a short amount of time doesn't matter,

the drive has to be enjoyable.

So if you've got the right phone cables,

the right padding on your armrest,

one of those accessories where like,

do I really want to add something there,

but I want to protect the leather.

I got a weird question for you.

Did you see the new Audi Q5?

No, I have an Audi story,

but not the Q5.

Tell me what should I,

I'm going to pull it up.

So when you're like sitting around,

you can play this like racing video game

in the infotainment system.

It's not even a big deal,

but they don't even let you use the steering wheel.

You got to like use,

you got to touch the screen to like drive

in this like dirt track thing.

Oh my, so that you basically like an iPad game,

you just using your fingers?

Yeah, so I was,

I kind of said this to myself,

I go, they actually think this is brilliant.

So for all of you that wonder

what they're thinking in headquarters

of these car companies,

what they're thinking is,

you guys do want a very choppy shitty video game

that they have put into the infotainment.

And they think,

you guys won't believe how great we've done.

Like this is,

this is now,

it's like being at the nexus of the universe.

Like you're at 0, 0, 0, 0.

You know, and you don't know

what the streets even called.

It's like you're at the corner of first and first.

Yeah. And they just believe it's like.

Wild.

This is what it is.

It's just a cra, it's so crazy to me.

I mean, by the way,

I still think it's funny.

They did it.

So like I laugh about it,

but I go, this is kind of what they think

is some type of innovation

because what else are they going to do?

I mean, once you can hook up the car player, Android,

what else are they going to do?

So Audi partnered with Air console

to bring a variety of games to compatible Audi vehicles.

I mean, yeah, you're right.

It's not even worth necessarily bringing up,

but I hadn't heard that.

That's crazy.

That's silly.

It makes no sense.

Hey, make better cars.

Audi used to make fantastic cars.

Well, the only thing is that their defense to you is

we sell more Q5s than just about anybody in our class.

That's true.

And so we're not going to change this very much.

It's going to look pretty close to the way

it's looked the last decade.

Just keep buying them.

We'll keep selling them.

That's one of their cars.

I think they're just kind of,

they did a redesign and that's what people are going to say.

But to me, it's fairly similar.

Well, if you guys want to let us know your thoughts,

first of all, of course, leave a comment,

which I'm going to say every 10 minutes,

but secondarily clutchculturepodcast.com

is the show podcast.

Rather, yeah, the podcast show email.

Let us know your thoughts, comments, stories,

topics to talk about on the show.

We love getting to those.

So that was our two Ferrari stories.

Nick called me, we were just chatting randomly

and then he's like, hey, do you hear about this

auto group or lender going bankrupt?

And it was actually on my list of stories to pull up.

So a big auto lender went bankrupt

according to the Kelly Blue Book.

Here's what it means.

Have you ever seen, I mean,

have you ever seen a tricolor?

This is obviously not in your area, right?

You don't have tricolor dealerships.

No, but they're in Southern California.

I mean, big in Southern California, big in South Texas.

Let's be pretty sensitive about this.

Really serving the lower income immigrant community.

Seem to be what they were doing.

This is the part of the business guys

that I can't really express enough

when people try to figure out how dealers

and these auto groups work.

I mean, it's really 99% of them

are operating off of huge debt, right?

They're in business with Fifth Third Bank

and JP Morgan Chase.

Looks like Fifth Third has already said

they're gonna lose 175 million

because I think they had 200 million out there

that was some loan.

And I don't want to,

this all broke this week guys, so excuse me.

Basically they found fraud

on 200 million dollars that were lended,

which probably led to them finding another,

however, I mean,

it looks like they have a billion dollars

in liabilities or something like that.

Yeah, I mean, between JP Morgan and Barclays,

they purchased 217 million bundle tricolor loans in June.

Okay, so guys, one of the things

that we can explain to you

on how automotive loans work.

And I know this because I was very close

at one point in time and to buying into a dealership, okay?

One of the things that you do to kind of

game the system and never use any of your own money

is called flooring, okay?

So what happens is you can go to an auction

or you can do whatever and you floor the cars.

In your terms, usually if you're not a high level auto group,

your terms are like 30 to 45 days

where you just pay a small piece of interest

on what's on your floor in your dealership.

Bigger auto groups can get 90 plus days of flooring

on a single car, all that's very variable.

So again, I do want you to understand

there's probably people that have better terms

than that, bigger groups.

Then what happens is,

let's say you have 60 day terms on your flooring.

You flip your whole inventory in that 60 days.

You then take all these automotive loans

that you've just handed out through your dealership

and somebody packages them to a bank.

You used to be very big in the regional bank sector.

That's how they acquired a lot of auto loans,

not only lending directly, but buying bundles of auto loans.

If for any of you that are real familiar

with what happened in 2008 with the crash,

bundling mortgages into these things and selling them off,

that's kind of how a dealership works

on a very simplistic level, right?

There's obviously buy here, pay here people

that operate in 100% cash.

They are by far the most profitable, okay?

If you wanted to open a dealership

and you had the money,

floating all the money on flooring,

then carrying the interest,

you can lend the range over at 26% interest

and you carry the loan and then you repo the car

and then you resell it.

That is where it's kind of like in real estate,

hey, owning trailer parks is really profitable,

but you got a lot of headaches.

Cash on cash return,

that's where you're getting the big time returns

if people don't know.

And then there's other parts of real estate,

but the automotive business is the exact same way.

The more risk you take on yourself,

the more profit you make.

So what a lot of companies do

is they don't wanna take any risk.

I'm gonna floor the cars, pay very little money for them.

Then I'm gonna take all the paper,

I'm gonna bundle it up

and I'm gonna sell it to somebody.

In this instance, the banks probably controlled the paper,

they were bundling it together,

they were trying to sell it off

or keep it inside their books

or whatever decision they made.

Now guys, I wanna say this.

This is the 12th of September

when we're recording this.

There could be a lot more information that comes out.

I just wanna give you the basics

of how this stuff works.

And it looks like to me,

they had massive fraudulent loans that got caught.

They also could have used a loan of 200 million

to buy personal property, things like that,

any of that kind of stuff that can come up.

My guess, what we're gonna find out

is they fraudulently wrote things into loans

that the customer didn't sign for.

And now the banks are so worried,

they're like, we're gonna let people off here,

we're gonna take the loss, we're good.

My guess is it's gonna be a combination

of those types of things.

Yeah, cause usually they would try to,

when you file a bank report,

so you wanna restructure things,

stay in business, kind of keep the thing going.

You'd be chapter 11 or 13 or whatever it is.

In this case, they're looking at liquidate,

be like, we'll see you later guys.

Hey, did you see their attorney came out and said,

hey, I filed the chapter seven and I'm quitting?

No.

He's like, just so you know,

we filed the paperwork?

Gotta go.

So there's gotta be real.

Just Homer fading into the bushes.

Yeah, yeah, there's gotta be real.

And this happens a lot more than people think.

Oh, yeah.

And everybody believes that the consumer

was necessarily done dirty.

There could be some of that,

but they could have fraudulently done the documents

that ripped the bank off.

True, very good point.

So when everybody always thinks like,

well, the little guy got screwed,

it's like, no, I'm here to tell you,

there's probably a high likelihood

the reason they caught this

is they were defrauding the bank

more than they were defrauding the customer.

I'm sure they did a bunch of bad loans.

Yeah, and in most cases,

probably both of we're being honest.

But the only way the bank would get this aggressive

is if they found fraud on the bank side

or they were scared the federal government

was gonna come in and say,

hey, you've been lending money to these people.

And anytime you talk about lower income,

especially the immigrant community,

this is pretty rampant of a business like this.

So it is under scrutiny

when you get to the size this company was.

So it probably didn't take them

very long to get to the bottom of it.

And when a bank walks into your building

and says, you're out of here,

you can bet they found some pretty crazy stuff.

And so guys, it's called Tag or Tri-Colorado Group.

I think they do business in about five states, right?

I believe so.

I didn't see the specific states,

but yeah, under another name too,

which I can't remember off the top of my head.

But you mentioned the 08 thing.

I think it was a big short, right?

Was Steve Carell was a movie about the?

Yeah, it was a good movie.

Yes, it's a great movie.

If you guys haven't seen it,

highly recommend it.

I mean, it's super old at this point,

but it holds up really well.

Yeah, what's that?

Michael Burry is the guy's name.

Yes.

So that movie's based off of Michael Lewis's book.

If you guys are into reading,

yeah, go check out Michael Lewis's book,

which that's based off of.

But yeah, dude, Michael Burry is,

then he went and took all of his money

and bought like a whole bunch of water rights and stuff.

Like this guy's like.

Oh, really?

Oh, I didn't know that.

Yeah, yeah, no, he's-

Interesting.

Whether he's right or not.

I mean, I don't know, but he was right then.

Yeah.

Hey, we're not here to judge anybody.

We're just reporting what we're talking about.

We're just reporting the news.

Yeah, yeah, he killed it during the crisis.

There's no doubt.

That's for sure true.

All right, for those of you that just love Lexus Toyota

and the millions upon millions,

like the Rock would say, and millions,

I should probably just do that motion on camera.

What?

Mark Kerr.

Mark Kerr playing Mark Kerr.

Yeah, dude, what is it?

Smashing Machine?

Is that the name of the movie?

Dude, it actually looks really good.

We both need to watch that

and then do like a pop culture episode

where we just talk about how good

is it performance was.

We'll have three people go,

man, this was awesome.

That's rude.

That's rude on so many parts.

I don't know if it's rude to the people

or us for not giving a good commentary on the movie.

But look, the Lexus IS sedan is still alive

and F sport kicking for 2026 reports motor trend.

Could have came up with a better title,

but look, the V8's gone.

It'll be the first year that we won't see a V8

in these IS models since, I think, 08.

That's funny enough, we're talking about 08.

That was the ISF year, I believe.

And yeah, man, you-

Yeah, I think you probably need to,

if you don't know for sure,

these IS people are pretty harsh

on Rob reporting a story on the internet.

Hey, again, we're talking about what,

again, the article then was what it said

and the article now is right here.

Now limited.

Yeah, I mean, for people that like this,

I mean, now the front end looks like a Camry or a Corolla.

It looks like they refreshed the front end.

It looks like an Elantra.

Looks exactly like an Elantra in.

That's a good call.

I'm not excited by this.

So guys, anybody that thinks I'm gonna die

or live on this hill,

it's more of the same.

It looks like they're gonna keep it alive

because they think they can sell some units.

Still not invested in, by the way.

No, not at all.

Still not invested in.

This is a refresh, not a complete redesign.

So now we're going 13 years, I think.

I think.

Since the last real redesign of this platform,

it just not interesting.

I mean, I don't know what else to say.

Like, I hope the people that like it like it,

but I don't know why people are so interested

in this platform.

It's just not all that exciting to me.

Sorry, 2007, I was off by a year.

Everybody, 2007, not 2008,

was when the ISF was offered with the V8.

It's in the article.

You gotta make sure.

I gotta make sure.

You don't wanna make sure a car

that's largely been irrelevant in the marketplace

gets you get one year wrong.

You know, almost a decade and a half,

nearly two decades, 311 horsepower.

I mean, the same V6 that's been in there forever.

I mean, I like these cars

because I like the simplicity of it

that they look good enough.

They look better than the most.

But they're not anything that's gonna make you sit in it

and go, ooh, and ah, it's just not one of those cars.

No, and it looks like they still have the track pad.

I was like, there was no mention of it.

And I was trying to zoom in on the picture.

There wasn't a great picture of the interior on here.

And it looked like it did,

but they would have specifically probably said

that they didn't have it.

I mean, here's the thing, man.

Cool, it's a sedan that stays alive.

It's a sedan they haven't

and still aren't heavily investing in.

This is very easy for them to build.

Look at that.

I mean, yeah, you called it.

That's a pretty similar front end.

I don't think if you're Lexus,

you want to be known as the thing

that looks like Hyundai Elantra.

Nope, sorry guys, it's the only one.

For all you experts out there, like, okay.

I mean, go buy it.

I don't know.

That won't be on my buy list for the next 100 years.

No, no, absolutely not.

I know two guys that have them

and if you're listening to this, I apologize,

but we all know it doesn't look the best.

Like, you know, is it affordable fun?

Probably, probably, but come on.

And look, it'll be dependable.

Oh, I was talking about the Elantra.

I was talking about the Elantra.

No, not the Lexus guy.

Don't switch it up on me.

My bad, my bad, you're right.

No, Elantras will be 50% off here

in like, you know, what, two years.

So you can save your, you can save all the headache.

Every rim will be curbed, you know.

Dude, I mean.

Paint will be chipping off.

Interior will be coming apart.

It's so wild to think that, you know,

and that's just a Hyundai, for instance,

but a lot of these manufacturers,

and you've been talking about it forever,

can't get certain things right.

Like, for decades, we all know that like,

GM, AC vents were just gonna break.

They were just gonna break.

They were gonna stop working.

All these little things.

Hey, that's a deep cut.

Oh, bro.

If you've ever owned any GM car truck,

mostly the, you know, GM CC eras or the Silverados,

at least half of them, half of your vents,

the little thing just wasn't gonna work anymore, right?

The doors.

You went ultra deep cut.

And you know why?

And you'll be like, there's gonna be 7,000 people

that have no idea what you're talking about.

And then there's gonna be like 10 that go,

yeah, he's right.

No, I think it's the other way around.

Every 7,000 would be like,

I had the exact same issue in 10 to be like,

what are you talking about?

Yeah, I'd be like 10 Ford owners

and like 7,000 Chevy owners.

They all had the squeaky door,

especially the passenger door.

They would squeak, squeak, squeak everywhere.

I remember having to put my arm down

by the door panel in the seat to stop it from squeaking

because I could not get it to squeak

if I was in the passenger seat.

But it's just ingrained in my mind, bro.

It's just like, how am I now in my mid 30s

and we're still having similar issues

with some of these vehicles?

Well, a crazy thing I have with my LX

for people that have one will know.

When the sun hits one side of it,

like whatever side of the car,

it heats up the locking mechanism

where you can't use the automatic door lock.

You got to like use the key in the door.

That doesn't sound very Toyota Lexus like.

Well, but again, Toyota Lexus people

tell you nothing ever breaks.

You don't need to change your oil.

Your brakes never go out.

Your tires never need to be changed.

Nothing ever, I mean,

it's the most crazy crowd in the world.

So yeah, I've been dealing with that all summer.

And look, it's a fixable thing,

but it's expensive to fix, right?

You got to go in, you got to change some motors out.

You got to do it.

So yeah, I mean, if it gets too hot on one side,

I just got to, you know,

I just got to go ahead and put the key in the door

and unlock the door and go about my day.

Have you found anything else?

Funny enough, since you brought it up.

Anything else that's kind of like quirky about

or odd about your LX?

So I have something that I know I can fix.

The telescopic steering wheel, mine goes down

but won't go in and out.

That motor and that's pretty well known in there.

For me, man, I don't want to jinx it.

It's just been a dream.

That's what I said last week.

For a daily driver, it's just,

this is why I see a lot of two and three car solution talk.

Yeah, a lot more recently.

A lot more recently.

Guys, if you want to drive fun cars,

take it from a guy that screwed this up in my life,

get you something reliable

and then it makes the other shit breaking,

you never really care that much.

You go, hey, this one vehicle I got's gonna always work.

Still make sure it's something cool.

Like this is a 100 series Land Cruiser.

It's cool, okay?

But I got the dependability.

So if anything goes wrong in my household of cars,

I go, eh, this thing turns on.

Yeah, yeah. You know what I mean?

But is it perfect?

Once again, Toyota people.

Toyota doesn't do door locks

and 2003 LX is very well.

You know, that's not what they're doing well.

It's not their strong suit.

So your reliable car is obviously the LX.

And then you have your BMW

and you've got other vehicles.

Which one is probably the least reliable?

If you had to grab the keys and be like,

I don't know if this one's gonna,

you know, just if we're going extremes here.

Well, look, anytime you grab an M3 key,

you wonder if something's gonna pop up and bite you.

That's like owning a BMW, owning a sports car.

Many of you guys can relate.

But look, my Dodge truck,

which I still have around, it's a 2003.

We beat the, it's one of those ones

you're waiting for the dings and the, you know.

I thought you got rid of it.

I can't do it, man.

I really thought you got rid of it like six months ago.

So here's the thing.

It's the first thing I started my business with.

And every time I think about getting rid of it,

I just go.

It's sitting right here.

I can actually see it.

Well, what do you say to yourself?

So you can see it all the time,

which makes it harder obviously to even get rid of it

if you just keep looking at it.

But what do you say to yourself

when you are about to actually sell it?

Is it that I started my business with it?

Or is it just like, why sell it?

Like are I gonna get $5 for it?

Like might as well keep it.

But it's both.

Okay.

It's both.

A lot of it is, I think if I,

if we're talking about our channel moving forward,

it could be something that you could really bring back

to life, not spending a ton of money,

but probably needs the breaks done at this point,

probably needs complete flush of everything

and some refresh and some money.

And part of it is,

is kind of what the combination of what you said it's like,

is this even worth selling?

If I needed a truck,

something goes down in my business,

we can put this in play.

It works, but look,

you got some windows that won't go down now

and some actuators that need to be fixed.

And the middle console after 250,000 miles,

could be reupholstered and,

but it is nostalgia for me.

It's like, I don't need the money.

I don't need,

this truck doesn't serve any purpose by selling.

It doesn't serve any purpose by keeping.

So it's like, it just kind of sits here.

It just keeps you grounded, right?

You're just one of the bros still.

I got a, what is it?

What year is that?

So, the way that it doesn't know,

I got a big, mine's a 2003.

Okay, three.

It's got the hemi in it.

And the middle of the front bumper

has been caved in for years now

because I got into a lawsuit situation

where one of my team members bumped somebody

going three miles an hour

and they tried to make it into a million dollar claim.

True story.

And it was, by the way,

all on camera from a traffic cam

and saw that the lady was negligent

but still had to fight through insurance and all that.

I have never even changed and fixed that bumper.

Because I'm just like,

it just kind of reminds you of one of those things

where you go, yeah, that was pretty shitty at the time.

Chapter of life, yeah.

Yeah, but I do feel like

it's got 250,000 plus miles on it.

The hemi has been really dependable, like a Dodge.

We got some tail light things we'd have to fix

because the electronics start to go crazy and whatever.

But I do think it's one of those ones

that's like, you know, you put a decent wheel package

on it, you fix up the suspension,

you fix the bumpers, get some aftermarket stuff.

For a few thousand bucks, you got a pretty nice truck.

Yeah.

So part of that for me is just like,

I don't, I'm sure at some point I'll wake up

and somebody'll say, hey, my son needs a truck.

And I'll be like, hey, I got one

and they come and pick it up.

And it's just, that's how it goes.

Yeah, when you're looking at these cars,

whether it's like something in old Dodge like that,

which is cool for its own reasons

that a bunch of people would appreciate

if you started slowly bringing it back to life

or you go into the more specialty-ish vehicles

like I was mentioning to Nick off of the podcast,

I will randomly start looking at lightnings

primarily more so now because I keep hearing you

in my head saying first gen Raptor.

And the first gen Raptor is kind of like what the SVT lighting

was from 99 to 04 or 99 to 03.

And I see more people on YouTube now

also talking about the first gen Raptors,

you know, rebuilding the suspension

and doing all these things to it.

And they are cool vehicles.

And no matter where you go, Z06, you know, like C6, Z06,

all these cars are now around 30 to 40, 30 to 45,

you know, 28 to like 35,

you can get all these really cool to us cars

and then drive it going back to the year thing

that we've been talking about, drive for a year,

get rid of it and then probably make most,

if not all your money back.

So kind of it leaves a lot of open possibilities there.

But then it makes you think like,

well, did I spend another 10 going back to what you've said

tons like $10,000 in these like sub $6,000 cars

makes a big deal.

Cause let me ask you,

would you rather have a lightning or a Raptor

or anything that's new-ish for just an additional $10,000?

Like you would usually probably opt for the older car,

right?

Yeah, because out of out of what I'm interested in,

I think that's the crowd that we see pop up

in our comments all the time.

We just had a clip that you put together talking about,

you know, we're all going back to these things

we couldn't afford at the time.

And it was amazing to see people's lists.

You know, I would buy this and I'm looking at one of these

and you know, again, man,

once you kind of have the utility vehicle in your life

that kind of takes the kids to practice

or goes to work or whatever,

I think when you're talking about a lightning of the past

or buying a new F-150 Platinum for most people

listening to us,

what's the F-150 Platinum do for a second car?

Cause it doesn't do anything for you, right?

It's still a truck, it's still nice.

I'm not banging on it, but we're largely,

most of us are like, it's just not interesting.

And I think, look,

auto manufacturers are in the business

of not being that interesting.

Like Ford doesn't have to be interesting

in the F-150 market.

They largely sell to every fleet out there,

every construction site, whatever.

They're just trying to build something

people are gonna buy a lot of, right?

So for guys like us and our listeners,

we can get angry about that and we do at times,

but just remember, they're not in the business

of interesting.

That's what makes like what's happening to Mustang

or what Toyota did with Supra,

or, you know, the IS with Lexus and you go,

okay, I mean, isn't this the place to be interesting?

I mean, I think that's the frustration point.

It's like Ford is going to bring back

the Ford Lightning brand, a part of the brand.

And then you're gonna do it uninteresting.

Okay, I mean, that doesn't add up to people like us.

It's like, and by the way, the sales numbers prove

we were right.

That is not something to be uninteresting about.

Like it's gonna hurt your brand.

And I think we all need to be very upfront.

Like they're not in the business of interesting.

And when they need to get interesting,

largely they're going to mess up those decisions

more times than they're gonna get it right.

So is it gonna be okay with you that if I pick up,

cause I'm only looking for,

and this is why it's so funny too,

I only want one in red.

So that's my thing.

That's one of the cars I will accept in red.

You want to be Paul Walker to live in part?

Yes, a hundred percent.

And this is what I'm gonna do.

Instead of putting the racer's edge,

I'm gonna put clutch culture podcast on the side of the

doors.

Well, I can tell you this.

Don't turn those receipts in.

Come on.

Why not?

Come on.

We have the tax guy clutch cultures be like,

hey, that's gonna be a good ride off for the show.

Absolutely, Bill.

You got it.

You're right.

I think they look way better in red.

Yeah.

It's the best one.

I mean, it's by far the best.

And by the way, it's probably just cause of the movie.

Like it's just nostalgic.

You're like, you know,

you're right, but you're right.

But Sonic blue is probably number two.

And that's the only two colors I'd get it in.

Good call.

Yeah, Sonic blue is cool.

But yeah, like your whites and blacks.

And I think that was it.

Honestly, just like me, whatever.

But yeah, I just let you know,

if you see this on the, on our stories that,

Hey, I got a red lightning and it says the,

it says clutch culture podcast.

I don't know why he would have said the red, you know,

edge of red, just racer's edge.

I think it was just let you know what we're doing.

Giving you the heads up for the F 150 brother.

But yeah, keep that in the back of your mind.

When I send the bill into the tax guy, that's why

we got to have some write offs for the show.

Can you believe, Nick?

I didn't believe this,

but there's already a Land Cruiser update,

essentially for the 2026.

Like they're already that far into it

where they're doing some, some redesigning.

We talked about the,

What are the updates?

A new engine?

What?

That was good.

Everything besides a new engine is a bad update.

What's funny about this headline by Motor Trend,

hold up, there's a 2026 Toyota Land Cruiser

that's cheaper than before.

Now, if you read that, great click.

It's going to get you to click.

How much cheaper do you think

the Land Cruiser is going to be?

What are you expecting?

$2,500.

You would be mistaken, sir.

We're talking like $400.

And that's why they wrote this up as the headline.

I've read the whole thing and I couldn't believe it

because I got to the very end here,

where none of the other stuff matters.

I'm going to give you exactly the number.

Look, it's at the,

I read the whole freaking thing, dude.

$405.

I was so pissed off when I read the whole thing.

Yeah.

This is one of those articles that piss you off.

And then you go, I wonder what Motor Trend got.

I mean, hopefully you guys got some money

to write this headline from Toyota.

Yeah, please.

Because if you did it on your own

or you had AI do it, you just kind of did it wrong.

Shame on you.

You know what I mean?

But here's the whole point.

Okay, man, I still see these around.

By the way, I don't see as many as people would think.

I don't think you do either.

Most of you probably don't either.

Where I'm at right now with this is I've seen them modified.

I just saw an all black one.

Horrible modifications.

Obviously, one of the first modifications he did

was the little ladder on the back.

The whittle-waddle?

Yeah, we all knew what he was going to do.

It was kind of like lowered a little bit.

The tires were too wide.

I've seen a couple of them modified well.

You want to talk about a platform that's uninteresting.

I mean, this fits the bill to me of not a great engine,

not really all that cool unless you modify them correctly.

They don't look good out of the box in person.

The tires are too small from the factory.

I don't know, man.

Like, I can't think of a worse way

to take the Land Cruiser name and be so uninteresting.

So look, it's $58,650 price tag.

It's seeing a $750 hike over 2025.

But the good news is it's a slightly more plush Land Cruiser

with rectangular headlights.

They make the headlights a big deal, circle versus kind

of like Jeep folks do.

That starts $405 less than the 2025.

So, dude, we're getting into the 60s here.

These things are going to be topping out into the 70s,

high 60s, low 70s.

And then you get to the interior as the next shot.

And it's just so just like, yeah, bland.

Cheap.

They feel cheap when you're inside of them.

They feel cramped.

Because of you, they love them.

We're always going to say the same thing, enjoy them.

Buy it.

It's just not, it's not, but again,

this is kind of what they want to be in.

They want to be boring.

Hopefully you buy a lot of them.

I think this is still one of those vehicles

that I don't see where it fits in.

Excuse me.

Now you're in forerunner territory,

which has a huge following.

You really haven't separated it out.

You don't have any exciting things going on with the engine.

Okay.

I mean, you built it.

I mean, there's no doubt about it.

You built it, but I don't really know what it does.

And I think we get into this whole thing

where what I've seen the last two years from Toyota,

I still don't know that their lineup

is that cohesive at this price point.

No, I mean, the difference in the Bronco,

which I've tested, they're not like awesome,

but in comparison to this for the price,

I would use the word awesome

because you're talking about 40 grand versus 60.

Like that's how big of the price gap

is between the Land Cruiser and the Broncos.

Even if it's a base Bronco, I understand,

you get more comparable trims.

You're gonna get up there in price with the Broncos well,

but dude, for 40 compared to 63,

like yeah, just pick a cool moderately.

I think you can get so many more competent vehicles.

I mean, from every,

I can name something from almost every brand

I'd rather spend this type of money on.

But even if we're talking just Bronco,

like you could pick a level of Bronco.

You'd rather buy some of the stuff

in Toyota's own lineup.

You're not that far from GX550.

Why not just buy it?

I mean, that's been my whole argument.

Yeah, they did go on to compare it to the Cherokee as well.

I'm not gonna do that.

I'm not gonna compare the Cherokee.

I love this.

Let's compare it to a car that's lost all kind of ground

and has not been relevant in a decade.

Yeah, man, you're really doing something there.

Yeah.

With the heritage of Land Cruiser,

you've really, it beats the Cherokee.

The Cherokee Laredo, sir.

The Cherokee Laredo.

I'm pretty sure we could beat the Cherokee

to start building cars tomorrow.

Out of Legos, out of actual Legos.

It would still be better.

Dude, all right.

We've got a couple more here.

So Genesis, in general, you're a Genesis fan

what they do with their styling

and I know it's still Hyundai.

Styling, yes, the whole brand now.

Okay.

So Genesis goes wild.

Hyundai's luxury brand targets the G-Wagen crowd.

Have you seen this new model?

No, please show me those.

Oh, yeah.

It's probably gonna be a direct rip off

and it's gonna be underwhelming when you get in it.

That looks so, it's so interestingly shaped.

Couldn't wait to get your...

What the hell is this?

We can't, we don't have all the...

By the way, how is that the G-Wagen crowd?

Look at the front.

Oh my God.

Dude, this is like a Rivian.

Is it all?

It's like a really bad Rivian.

Look at Range Rover and Mercedes.

Genesis is coming for you.

Love these headlines.

God, motor trend must be just getting all kinds

of handouts from these brands.

Sorry, motor trend.

I mean, I just hope that's what's happening.

Yeah, make your money, you know?

Make your money and hopefully it's worth it.

But I do say, I like the wheels and tires a little bit

on this picture that we're seeing here.

Yeah, but I doubt that they're gonna give you those.

I think those were just for the Dune pictures there.

Yeah, true, fair.

Oh my God, that thing is heinous.

You know, and we use...

Is it all electric?

Let's go back to it.

We use that word a lot.

Let me go back and find out.

But heinous is appropriate

for what we just showed you on YouTube.

If you're not watching, go look up the full episode.

I can't find anything that looks as unreal as this

for a soon to be supposed production car.

Well, and here's the thing,

like people that buy G-Wagons are not buying this.

Like this has been the whole Genesis experiment to me.

Do you know anybody in your friend group,

your colleague group that goes,

I wanna go get an S580.

Instead I'm gonna get this Genesis.

No, not one.

And to be honest, I might see them like once a quarter

at like a restaurant or something like that.

But I rarely see them.

They agreed.

Agreed.

I mean, go back to the equest.

You remember when they invest all that money in the equest?

But by the way, when I say invest money,

they invested money in making it look luxury,

not actually in the things that make luxury,

which I think has been my,

when people say lipstick on a pig,

that to me is Genesis.

It's like they really aren't upping the parts

that make you luxury,

except for we're gonna bring in some design people

from I believe Bentley.

We're gonna bring in some suspension guys

from the BMW M program.

We're gonna do everything,

but tear our engine program down

and rebuild it back properly.

This design, it's unique.

I mean, it's a unique design,

but it's not a G-Wagon design.

It's not even really a Range Rover design.

It's very kind of sleek

and got a low top to it by the look of the pictures.

So I don't really know what we're doing here.

I guess it's cool they're building stuff like this,

but do you and I and most of the people out there care?

So the X, absolutely not.

The X Grand Equator concept launched

in the 25th of New York International Auto Show.

Of course, you keep using Range Rover

and Mercedes as the people that they're targeting.

As I scroll down here,

we're looking at anything, let's see, powertrain-wise.

Do I see it?

Could it be, including Genesis Fantastic Retro?

Even though the concept styling clearly indicates

an all-electric powertrain,

we know Genesis following the diversification strategy

of parent company Hyundai with plans to offer

a variety of internal combustion, hybrid and electric.

If you're gonna keep it internal combustion,

then this design makes even less sense.

You see the estimate price here?

Oh my God.

For anybody that has the guts

to pay six figures for a Hyundai product,

good for you, man.

I wanna interview you, to be honest.

I wanna interview you.

I actually do too.

I do.

$100,000 by the way, everybody's estimated price here

on the article we're reading.

Expected on sale late 2027.

Well, here's another one.

We have a concept car.

If we get really good reception,

which they're probably not gonna get

good reception out of this,

we still can't build it for two years.

You know what I mean?

So here we are again.

I don't know why the auto business

hasn't caught up to the real world.

They gotta ramp up production and all that stuff,

but I don't know.

I'd probably bring it out the year of.

Hey, we can pre-order these.

They'll be delivered in the next eight months.

I don't know.

I just think this is so far outdated.

I know the defenses of it.

I know we've had car companies reach out to us

and tell us their defense of it.

I get it, guys.

I just think you could do it better.

Launch a car in January as a concept.

Already have your tooling in progress.

Let's delay that year.

Have people take delivery.

You know, shrink the two-year gap here a little bit.

Let's stop with the dramatics here.

Tell me this doesn't look exactly like

the Canyon arrow from The Simpsons with the long wheel.

Ha, ha, ha, ha.

Uh, Rob was, I was like,

man, what's Rob doing over there?

I know, I was like, he's not really that engaged.

And he's over there looking up cartoon pictures.

Canyon arrow, yeah.

Everybody remembers the commercial.

It was excellent.

The song, by the way, after you finish this episode,

everybody, go look up on YouTube the Candy Narrows song

because it was catchy as hell.

I'll tell you this, man, that is 100% a good call.

That might be your best call since we started.

Thank you, thank you, I'll take that, I'll take that.

Yeah, that was comedic genius.

Some might call you that.

Some might say, comedic genius.

All right, let's go with this one

before we exit and land the plane here.

Actually, we got two more.

So we mentioned Roush last week on the Nissan,

what is it, Frontier?

So they said, we don't want to leave you hanging forward.

All right, I know we're going to Nissan for a little bit.

We have a Roush RT6 F-150 for some serious off-road,

with some serious off-road hardware, back to,

again, what Nick has said.

Don't we already have the Raptor?

We have so much.

Tremor, Raptor, Raptor R, but now we have the RT6.

How about this?

Just go full hog and just bring everybody.

Every aftermarket.

We got a Fox F-150.

We got a this, I mean, like, okay.

We got a Nitro Circus F-150.

I mean, here's the thing, I can tell you right now,

dudes got tactical shorts on,

buying this at the dealership 100%.

Like, they're going to sell some of these,

but explain to me why I just wouldn't buy Raptor.

I don't know, but you're not going to shame me

at it taking my tactical shorts off.

That's what I'm telling you is right now.

I'm telling you right now.

I'm ready to go.

I go to the baseball game.

I go to Sam's Club.

God damn right.

I got the Ninja Stars.

I got the knife.

I got the whole thing, all right.

I don't care what you say about Glock.

It's a great 43X.

Fantastic.

I don't know what you're talking about.

We've just got banned from YouTube.

Way to go, dude.

I will not take that slander.

I do like the wheels, though.

These wheels do look nice.

Yeah, they do look great.

But black.

I know you mentioned it earlier.

You love black wheels, don't you?

Look, when done right, they look well.

They look great.

The problem is we've all now seen them done

so poorly so many times.

That's what turns you off, right?

So if a guy does them right and keeps them right,

they look fantastic.

That's what we talked about with the white wheel thing.

When they're done right, when they're kept right,

they look great.

I think that's black wheels in a nutshell as well.

I like when they phrase it like this,

the 25 F-150 Ross Reformant RT6 starts at $23,995,

in addition to the price of the new 25 F-150.

What are we doing, guys?

So somebody's gonna be on the internet going,

oh, the new F-150 is $24,000.

Just waiting for that story to drop.

Do you have any cars that you might see at like,

like the concept that we showed earlier from Hyundai

or anything that might excite you?

I mean, obviously we talked about Tester Rosa,

but is anyone making a car that you're kind of

really interested in seeing what comes of it?

Well, I mean, M5 Touring was like a big moment for me

because I'm a wagon guy, you're a wagon person.

Then it basically being kind of like

a highly incompetent car.

That's what I hear, yeah.

Yeah, kind of, you know, did that in for me.

But yeah, anything in that wagon space,

that would be what would really get me fired up for sure.

You know, I was telling you,

I was looking at these lightnings and older cars.

Now that you've had your LX for a while,

you'll never get rid of,

I don't think you'll ever get rid of the BMW

for being honest.

I mean, it's just gonna stay there,

looking sweet. Yeah, probably.

Sweet and clean, driven once a quarter kind of thing.

It was one that I wanted to own,

so that's gonna be a hard one to let go.

For sure.

So now we're at two cars

and I've been seeing more of the three car solutions.

You and I talked about two car solutions

probably seven months ago

and now I'm seeing a lot of videos

on the three car solutions.

So what would you consider possibly making a third car

that listeners might- AMG wagon.

Really, is that it?

That's AMG wagon?

Okay.

CT wagon.

Only two things, yeah.

Cause we get questions all the time of like,

what could, cause-

Gen one Raptor would be in there.

I mean, that would be a real,

look, I've been really on,

I think Porsche for me would be,

would be something that would be in the very short list of,

you know, finding a 996 turbo at a good price

or, you know, something like that,

that's kind of underappreciated at times.

I would stick to probably,

AMG wagon, a Porsche, a 911 of some kind.

Gen one Raptor,

I'd really been digging those 7.3 excursions.

Boy, I have no use for that thing.

No use.

Like you want to talk about the ultimate dad vehicle.

You know, that would be pretty sick

if you found one with low mileage,

kind of unmolested, you could do what you want to it.

I'd have a pretty short list,

but it would also be like,

probably what happens to a lot of our listeners

is what happens to me.

Once I get on the hunt

and I start to see things in the price range,

like look, you remember we saw that V8 Vantage

that was 40 grand.

Yes, yes, yes.

You imagine having in your garage an Aston Martin

because it's just like, okay, it fits my price?

Yeah, at 40 grand, there's a lot of stuff you can pick up.

That might be the thing to pick up

if you're not worried about it breaking down

or having issues all the time, possibly.

Yeah.

And the reason to bring it up.

Those would be my short list.

A lot of people ask for the reason of, you know,

maybe if it's just even a little part of their brain,

like what might actually increase?

People are still looking for those things

that will increase in the sub 100,000,

sub $70,000 car,

because like how much more could a zero six

really bottom out, right?

How much more could a lightning really bottom out?

And some might say to zero eventually,

but realistically, like now within the next five to 10 years,

like what could you buy that might actually increase

a little bit, I can't think of anything

that'll actually uptick worth caring about

that won't be more than just a tax on the car.

Yeah, I don't really, I mean, you talk sub 100,000,

I think it's just the wrong way to look at it.

You know what I mean?

You're looking at it in a way

and we always talk about cheap mileage.

I do think there's a lot of cars that are fairly

where they're gonna be for a long time, right?

This was kind of the Acura NSX story for a long time.

They were what they were now,

obviously you see ones going for a couple hundred grand.

I mean, but they were somewhere between 35 and 75,

depending on spec and all that kind of stuff

for a very long time.

I think we also need to continue to remind people

we haven't had a real deep recession yet.

I think we're gonna know more after that happens

whenever that is, and then you're gonna really see

what this stuff means, sub 100,000,

and you're gonna see all of the top end stuff fall

pretty drastically that isn't in that special category

at 50, at 40, those kinds of things.

But I think right now it's really irresponsible to go,

this is never gonna lose money.

I think that's easier to do coming out of a recession

when you actually see what the real bottom is.

I don't think we have any idea

what some of these cars could bottom to,

but I'm like you, I mean, you get some of those

ZR ones and Z06s and they're at a reasonable price now.

I mean, in a recession,

could they lose another five to 10,000, maybe,

but if you kept it long enough,

it'd probably go back up when the economy recovered.

But I think I'm to the point now,

because I get this question probably daily.

I just go, guys, we're living in fantasy land still.

I mean, we've been living in fantasy land

for the better part of the last 15 years,

financially with really no steep economic downturn

of the asset prices.

You start to see home prices now

not only have leveled off, but they're going down.

There's more sellers than there's ever been.

They're sitting on houses longer.

We're starting to see some things happen.

And remember, and I hate to use this word

and bring up this word

because it ignites all kinds of political talk,

the tariff headache is about to start hitting, right?

Most people, when the tariffs were hitting

or being a threat of hitting,

a lot of people that brought stuff from overseas,

they just put a whole bunch of containers on the water

and got a whole bunch of inventory in here

before the tariffs hit.

Now everybody's had to kind of absorb tariffs

and the consumers just gonna start feeling that.

So I do think we, I think Barclays says

there's a 93% chance of recession now.

So coming out of that, I think we're gonna know a lot more.

And I think anything else is kind of irresponsible

because everybody knows there's a bubble, right?

Everybody in the car world, especially collector stuff,

they know there's a bubble.

They can lie on YouTube all they want.

They know it's a bubble.

You talk to them privately, they know it's a bubble.

So for everybody out there, if you got the money,

it's the car you want.

My advice is always gonna be buy it, enjoy it.

If you gotta hold on to it a little bit longer,

then hold on to it a little bit longer.

But if you buy what you enjoy,

you'll never really care about the appreciation of it.

100%.

And if you don't have the money

or not in the market for the car just yet,

you might be in the market

for a left lane is for violent sure,

which we haven't given a proper intro to

or pitched here.

It's on the hyperclean store channel or rather a website.

We have a couple of them, a handful, small, large,

extra large.

You're wearing it today.

It reminded me like, we gotta remember,

remind people the back of it looks super cool.

Left lane is for violent.

And you can guess what car that is.

We don't have to say exactly what it is,

but you can use it.

Here's what I'll say to everybody.

I'm actually wearing one of the rejects.

Oh, are you?

So, you know, as the owner of the company,

I got more rejects than I got the ones.

That's not right, Marty.

He's done the man the shirts that actually,

because that's a different red.

I recognize it was bright.

It was as bright as your little poster back there.

I hear you, dude.

So, hey, everybody out there,

I took a hit for all of you, left some inventory.

Oh no, he took the other soft shirts,

didn't make the cut.

Oh no, gotta have a dozen of those laying around.

Yeah, I do have a lot of them.

All right, everybody.

Great episode, Nick.

We will see everybody next week.

See you guys.

The New Testarossa, A Big Auto Lender Went Bankrupt, Lexus IS Hangs On & More | Ep 44

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Toyota Supra

Ford Mustang

Ford Bronco

Ford F-150 Lightning

BMW M3

Ferrari F430

Hyundai Elantra

Porsche Panamera

Porsche Macan

Porsche Cayenne

Audi Q5

Toyota Camry

Toyota Corolla

Chevrolet Silverado

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F-150 Raptor

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Jeep Cherokee

Hyundai Genesis

Land Rover Range Rover

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