{"version":"1.0.0","episode":{"title":"WAIT 30 DAYS TO BUY A CAR | Episode 950","url":"http://getcarcurious.com/episodes/wait-30-days-to-buy-a-car-episode-950","audioUrl":"https://pscrb.fm/rss/p/mgln.ai/e/1385/pdrl.fm/3359a6/injector.simplecastaudio.com/14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9/episodes/7e6816ab-c698-4efd-aaeb-2589104ff6b9/audio/128/default.mp3?aid=rss_feed&awCollectionId=14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9&awEpisodeId=7e6816ab-c698-4efd-aaeb-2589104ff6b9&feed=gkrQ6WSC","description":"Today on CarEdge Live, Ray and Zach discuss the latest trends in car buying and shopping. 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":83.2,"endTime":83.5,"type":"term","title":"MSRP","url":"/glossary/msrp","quote":"$2,100 savings off of MSRP.","canonicalId":"term:msrp","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"MSRP stands for Manufacturer's Suggested Retail Price, which is the price that the manufacturer recommends for a vehicle. It serves as a starting point for negotiations between buyers and dealers.","simplifiedExplanation":"MSRP is the price that the car company suggests you should pay for a new car. It's like a recommended price but can often be negotiated lower."}},{"startTime":215.8,"endTime":219.8,"type":"concept","title":"car buying process","url":"/glossary/car-buying-process","quote":"...if you're someone who's going to roll up your sleeves and do all of the work, it's not like you wake up on Monday and you buy the car on Monday...","canonicalId":"concept:car-buying-process","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The car buying process involves several steps, including researching vehicles, visiting dealerships, negotiating prices, and finalizing the purchase. It often requires time and effort to ensure the best deal is obtained.","simplifiedExplanation":"The car buying process is everything you do to buy a car, from looking for the right one to talking to dealers and agreeing on a price. It can take a while to get everything sorted out."}},{"startTime":232.3,"endTime":235.3,"type":"term","title":"out-the-door price","url":"/glossary/out-the-door-price","quote":"...beating your head up against the wall to get the out-the-door price quote, negotiating the price down finally...","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 is the total cost of purchasing a vehicle, including the vehicle price, taxes, fees, and any additional costs. It represents the final amount a buyer needs to pay to drive the car off the lot.","simplifiedExplanation":"The out-the-door price is how much you'll actually pay for a car after adding everything like taxes and fees. It's the total cost to own the car right away."}},{"startTime":298.2,"endTime":302.8,"type":"term","title":"seller's market","url":"/glossary/seller-s-market","quote":"...for the first time in a long time, we have a buyer's market instead of a seller's market. This chart,...","canonicalId":"term:seller-s-market","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A seller's market occurs when demand for goods exceeds supply, allowing sellers to charge higher prices. In the automotive context, this means that there are more buyers than available cars, leading to increased prices and less room for negotiation.","simplifiedExplanation":"In a seller's market, there are more people wanting to buy cars than there are cars available, which lets sellers ask for higher prices."}},{"startTime":298.2,"endTime":302.8,"type":"concept","title":"buyer's market","url":"/glossary/buyer-s-market","quote":"...for the first time in a long time, we have a buyer's market instead of a seller's market. This chart,...","canonicalId":"concept:buyer-s-market","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A buyer's market occurs when there are more goods for sale than there are buyers, leading to lower prices and more negotiating power for buyers. This is often contrasted with a seller's market, where demand exceeds supply, allowing sellers to charge higher prices.","simplifiedExplanation":"In a buyer's market, there are more cars available than people wanting to buy them, which means prices can go down and buyers have more choices."}},{"startTime":307.2,"endTime":313.5,"type":"term","title":"gross profit per vehicle","url":"/glossary/gross-profit-per-vehicle","quote":"...average car dealership gross profit per vehicle. The white line is new vehicles...","canonicalId":"term:gross-profit-per-vehicle","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Gross profit per vehicle refers to the amount of money a dealership makes on each car sold after subtracting the cost of acquiring the vehicle. This metric helps to understand the financial health of dealerships and market trends.","simplifiedExplanation":"Gross profit per vehicle is how much money a car dealership makes from selling each car after paying for it. It shows how well dealerships are doing financially."}},{"startTime":422.0,"endTime":427.9,"type":"term","title":"tire and wheel protection","url":"/glossary/tire-and-wheel-protection","quote":"...that's the warranty, that's the... Yeah, the dent and ding, the tire and wheel,...","canonicalId":"term:tire-and-wheel-protection","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Tire and wheel protection is an insurance product that covers the cost of repairing or replacing damaged tires and wheels due to road hazards like potholes or debris.","simplifiedExplanation":"Tire and wheel protection helps pay for fixing or replacing your tires and wheels if they get damaged while driving, like from hitting a pothole."}},{"startTime":422.0,"endTime":427.9,"type":"term","title":"dent and ding protection","url":"/glossary/dent-and-ding-protection","quote":"...that's the warranty, that's the... Yeah, the dent and ding, the tire and wheel,...","canonicalId":"term:dent-and-ding-protection","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Dent and ding protection is an insurance product that covers minor damages to a vehicle's exterior, such as small dents and scratches. This can save car owners from costly repairs.","simplifiedExplanation":"Dent and ding protection helps pay for small damages to your car, like minor dents or scratches, so you don't have to pay out of pocket for repairs."}},{"startTime":427.9,"endTime":433.9,"type":"term","title":"gap insurance","url":"/glossary/gap-insurance","quote":"...the lost key fob, whatever it is, the gap insurance, whatever they can think of selling you.","canonicalId":"term:gap-insurance","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Gap insurance covers the difference between what you owe on a vehicle and its current market value in the event of a total loss. This is particularly useful for new car buyers who may owe more than the car is worth due to depreciation.","simplifiedExplanation":"Gap insurance helps protect you if your car is stolen or totaled. It pays the difference between what you owe on your car loan and how much the car is worth at that time."}},{"startTime":436.8,"endTime":445.8,"type":"term","title":"FNI","url":"/glossary/fni","quote":"...the average profit nationally in FNI is $1,666. At AutoNation, it is, I believe, in the mid to upper twos.","canonicalId":"term:fni","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"FNI stands for Finance and Insurance, a department in car dealerships that handles the financial aspects of a vehicle purchase, including loans, warranties, and additional products like insurance.","simplifiedExplanation":"FNI is a part of the dealership where you finalize your car purchase. They help you with loans and other insurance options."}},{"startTime":771.28,"endTime":776.72,"type":"car","title":"Toyota Camry","url":"/cars/toyota/camry","image":"https://upload.wikimedia.org/wikipedia/commons/b/bc/%28USA-Massachusetts%29_Private_Toyota_Camry_NJ-Z22UKZ_rear_2024-06-06.jpg","quote":"...currently has in order to upgrade on a brand  new Camry? This is the interesting dynamic of all the advic...","canonicalId":"car:toyota:camry","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Toyota Camry is a midsize sedan known for its reliability, comfort, and fuel efficiency. It has been one of the best-selling cars in the United States for decades, making it a significant player in the automotive market. Discussions around the Camry often focus on its value as a family car and its reputation for longevity.","simplifiedExplanation":"The Toyota Camry is a popular car that many people choose because it's safe, comfortable, and doesn't break down often. It's a good option for families or anyone who needs a reliable way to get around. People often talk about it because it's been a favorite for many years.","imageAttribution":"S5A-0043 (CC BY 2.0)"}},{"startTime":790.2,"endTime":794.0,"type":"term","title":"trade-in","url":"/glossary/trade-in","quote":"...a lot of people have a trade in. How do you maximize the value of your trade in? And then there's the interest rate on the financing...","canonicalId":"term:trade-in","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A trade-in refers to the process of exchanging your current vehicle as part of the payment for a new vehicle. The value of the trade-in is deducted from the price of the new car, which can help reduce the overall financing amount.","simplifiedExplanation":"When you trade in your old car at a dealership, they give you money off the price of a new car based on how much your old car is worth."}},{"startTime":794.0,"endTime":797.8,"type":"term","title":"financing","url":"/glossary/financing","quote":"...the interest rate on the financing, because most people finance the purchase of their vehicle...","canonicalId":"term:financing","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Financing refers to the process of borrowing money to purchase a vehicle, typically through a loan or lease. The buyer pays back the borrowed amount plus interest over a set period.","simplifiedExplanation":"When you finance a car, you take out a loan to buy it and then pay back that loan over time, usually with some extra money added for interest."}},{"startTime":794.0,"endTime":797.8,"type":"term","title":"interest rate","url":"/glossary/interest-rate","quote":"...there's the interest rate on the financing, because most people finance the purchase of their vehicle...","canonicalId":"term:interest-rate","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The interest rate is the percentage charged on a loan for borrowing money. It determines how much extra money you will pay back in addition to the principal amount borrowed.","simplifiedExplanation":"The interest rate is the extra cost you pay when you borrow money to buy a car. A higher interest rate means you'll pay more over time."}},{"startTime":803.0,"endTime":809.4,"type":"term","title":"wholesale values","url":"/glossary/wholesale-values","quote":"...we know, Dad, that wholesale values and retail values for used vehicles are going down...","canonicalId":"term:wholesale-values","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Wholesale values refer to the prices at which vehicles are sold in bulk, typically from manufacturers to dealerships or between dealers. These values can influence retail prices and trade-in values.","simplifiedExplanation":"Wholesale values are the prices that dealers pay for cars when they buy them in large amounts. These prices can affect how much you can get for your car when trading it in."}},{"startTime":803.0,"endTime":809.4,"type":"term","title":"retail values","url":"/glossary/retail-values","quote":"...we know, Dad, that wholesale values and retail values for used vehicles are going down...","canonicalId":"term:retail-values","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Retail values are the prices at which vehicles are sold to consumers at dealerships. These values are typically higher than wholesale values and can fluctuate based on market demand.","simplifiedExplanation":"Retail values are the prices you see when you go to buy a car from a dealership. They are usually higher than what dealers pay for the cars."}},{"startTime":916.18,"endTime":923.3,"type":"car","title":"Jeep Wagoneer","url":"/cars/jeep/wagoneer","image":"https://upload.wikimedia.org/wikipedia/commons/0/04/24_Jeep_Wagoneer_S_Launch_Edition.jpg","quote":"Wagoneer by $25,000. $25,000 price drop year over year does create a crash for the values of Jeep Grand Wagoneer. That being said, Michael is buying a brand new Toyota Canary.","canonicalId":"car:jeep:wagoneer","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Jeep Grand Wagoneer is a luxury SUV that combines off-road capability with upscale features, making it a popular choice among consumers looking for a versatile vehicle.","simplifiedExplanation":"The Jeep Grand Wagoneer is a fancy SUV that can go off-road and has a lot of nice features. It's a good option for people who want both luxury and adventure.","imageAttribution":"HJUdall (CC0)"}},{"startTime":923.3,"endTime":927.72,"type":"car","title":"Jeep Grand Wagoneer","url":"/cars/jeep/grand-wagoneer","image":"https://upload.wikimedia.org/wikipedia/commons/5/5a/20200603_Jeep_Grand_Wagoneer.jpg","quote":"... year does create a crash for the values of Jeep  Grand Wagoneer. That being said, Michael is buying a brand new T...","canonicalId":"car:jeep:grand-wagoneer","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Jeep Grand Wagoneer is a luxury SUV that combines off-road capability with high-end features and technology. It has made a comeback in recent years, offering a spacious interior and advanced safety systems. Conversations about the Grand Wagoneer often highlight its premium positioning in the SUV market.","simplifiedExplanation":"The Jeep Grand Wagoneer is a fancy SUV that offers a lot of space and comfort, perfect for families or those who want a luxurious ride. It's built to handle tough roads but also has nice features like a big screen and comfortable seats. People talk about it because it's a new version of a classic vehicle that many loved.","imageAttribution":"Kahvilokki (CC0)"}},{"startTime":952.8,"endTime":961.2,"type":"term","title":"trade equity","url":"/glossary/trade-equity","quote":"And you know you have $6,000 worth of trade equity now or trade value now. If you're looking at an incoming vehicle, negotiate the price of the incoming vehicle.","canonicalId":"term:trade-equity","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Trade equity refers to the value of a vehicle that a buyer can use as a down payment or credit towards the purchase of a new vehicle, based on its current market value.","simplifiedExplanation":"Trade equity is how much your old car is worth when you trade it in for a new one. You can use that value to help pay for the new car."}},{"startTime":991.1,"endTime":997.5,"type":"term","title":"pre-trade","url":"/glossary/pre-trade","quote":"...you can do what's known as a pre-trade, if you're in that position, where you trade the car for the value that's associated with it today...","canonicalId":"term:pre-trade","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A pre-trade refers to the process of trading in a vehicle for its current market value before it depreciates further. This allows the seller to secure a better price for their vehicle compared to waiting for a future trade-in.","simplifiedExplanation":"A pre-trade is when you trade your car now for its current value instead of waiting. This can help you get more money for your car before it loses value."}},{"startTime":1083.16,"endTime":1091.2,"type":"car","title":"Toyota RAV4","url":"/cars/toyota/rav4","image":"https://upload.wikimedia.org/wikipedia/commons/5/5b/2021_Toyota_RAV4_PHV.jpg","quote":"...ish.  Just for some pressure testing here. Toyota RAV4, this was in Florida, $2,100 savings off of MSRP....","canonicalId":"car:toyota:rav4","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Toyota RAV4 is a compact SUV that is well-regarded for its practicality, fuel efficiency, and spacious interior. It has been a top-seller in its segment, appealing to a wide range of drivers from families to urban commuters. Discussions often center around its versatility and value for money.","simplifiedExplanation":"The Toyota RAV4 is a smaller SUV that's great for people who need a bit more space but still want something easy to drive. It's known for being reliable and good on gas, which makes it a popular choice. People often mention it because it's a smart option for many different lifestyles.","imageAttribution":"TTTNIS (CC0)"}},{"startTime":1091.78,"endTime":1096.7,"type":"car","title":"Toyota Tundra","url":"/cars/toyota/tundra","image":"https://upload.wikimedia.org/wikipedia/commons/8/83/2007-Toyota-Tundra-DC-1.jpg","quote":"...s in Florida, $2,100 savings off of MSRP.  Toyota Tundra, we know you can get a Tundra significantly below...","canonicalId":"car:toyota:tundra","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Toyota Tundra is a full-size pickup truck known for its durability and off-road capability. It appeals to those who need a robust vehicle for work or recreation, and discussions often revolve around its value and pricing in the market. The Tundra is also recognized for its strong towing capacity and spacious interior.","simplifiedExplanation":"The Toyota Tundra is a big truck that people use for heavy work or outdoor adventures. It's built to last and can carry a lot of weight, making it a good choice for those who need a tough vehicle. People often talk about it because you can sometimes find it at a lower price than usual.","imageAttribution":"IFCAR (Public domain)"}},{"startTime":1096.7,"endTime":1103.38,"type":"car","title":"Toyota Highlander","url":"/cars/toyota/highlander","image":"https://upload.wikimedia.org/wikipedia/commons/0/0b/2008_Toyota_Highlander.jpg","quote":"...ook how recent  this was. That was today. $2,200. Highlander out in California, not as much negotiability,  on...","canonicalId":"car:toyota:highlander","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Toyota Highlander is a midsize SUV that offers three rows of seating, making it ideal for families. Known for its reliability and safety features, the Highlander is a popular choice among those needing extra passenger space without sacrificing comfort. Discussions often focus on its practicality and fuel efficiency.","simplifiedExplanation":"The Toyota Highlander is a family-friendly SUV that has room for lots of people and their gear. It's known for being safe and reliable, which is why many families choose it. People often mention it because it's a good balance of size, comfort, and efficiency.","imageAttribution":"IFCAR (Public domain)"}},{"startTime":1103.5,"endTime":1105.0,"type":"car","title":"Toyota Sequoia","url":"/cars/toyota/sequoia","image":"https://upload.wikimedia.org/wikipedia/commons/f/f6/2008_Toyota_Sequoia_SR5_--_NHTSA.jpg","quote":"only $1,000 off. Sequoia, $2,500 off. Camry, here's a Camry, California, $1,500 off.","canonicalId":"car:toyota:sequoia","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Toyota Sequoia is a full-size SUV known for its spacious interior and strong towing capacity. It's popular among families and those needing a robust vehicle for various terrains.","simplifiedExplanation":"The Toyota Sequoia is a large SUV that can carry many passengers and cargo. It's great for families or anyone who needs a lot of space.","imageAttribution":"U.S. National Highway Traffic Safety Administration (Public domain)"}},{"startTime":1139.1,"endTime":1145.0,"type":"term","title":"peak value","url":"/glossary/peak-value","quote":"sometimes it's better to trade just before you hit peak value than to trade after you've passed peak value.","canonicalId":"term:peak-value","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Peak value refers to the highest market value of a vehicle at a given time. Timing your trade-in or sale around this peak can maximize the amount you receive.","simplifiedExplanation":"Peak value is the highest price your car can sell for at a certain time. If you sell your car when it's worth the most, you get more money for it."}},{"startTime":1214.3,"endTime":1220.06,"type":"car","title":"Jeep Grand","url":"/cars/jeep/grand-cherokee","image":"https://upload.wikimedia.org/wikipedia/commons/2/27/2018_Jeep_Grand_Cherokee_%28WK2%29_SRT8_DSC_7222.jpg","quote":"...anted to talk about Thursday, the 16th show about Jeep Grand Wagoneer. We talked  about that back on Thursday,...","canonicalId":"car:jeep:grand-cherokee","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Jeep Grand Cherokee is a midsize SUV that combines off-road capability with luxury features. It has a strong reputation for versatility, making it suitable for both rugged terrain and everyday driving. The Grand Cherokee is often discussed for its performance options and spacious interior.","simplifiedExplanation":"The Jeep Grand Cherokee is a stylish SUV that can handle rough roads and also be comfortable for everyday use. It has a lot of space inside for passengers and their stuff, which makes it a popular choice for families. People like to talk about it because it offers a mix of adventure and comfort.","imageAttribution":"Alexander Migl (CC BY-SA 4.0)"}},{"startTime":1224.8,"endTime":1228.4,"type":"term","title":"reliability","url":"/glossary/reliability","quote":"...but is still one of the least reliable vehicles on the market. Jeep has to greatly improve the quality of their vehicles before I would consider buying one of them.","canonicalId":"term:reliability","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Reliability refers to the likelihood that a vehicle will perform well over time without experiencing significant issues. It's an important factor for buyers when considering a used car.","simplifiedExplanation":"Reliability means how well a car works over time without breaking down or needing repairs. It's something to think about when you're buying a car, especially a used one."}},{"startTime":1287.56,"endTime":1293.24,"type":"car","title":"Honda Crv","url":"/cars/honda/cr-v","image":"https://upload.wikimedia.org/wikipedia/commons/c/c3/2018_Honda_CR-V_%28RW_MY18%29_%2BSport_2WD_wagon_%282018-10-22%29_01.jpg","quote":"the Honda CR-V and the Toyota RAV4. Three questions, Pops. Do you agree about these two models?","canonicalId":"car:honda:cr-v","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Honda CR-V is a compact crossover SUV known for its reliability, spacious interior, and fuel efficiency. It's a popular choice among families and individuals looking for a versatile vehicle.","simplifiedExplanation":"The Honda CR-V is a small SUV that many people like because it's reliable and has a lot of space inside. It's great for families or anyone who needs a practical vehicle.","imageAttribution":"EurovisionNim (CC BY-SA 4.0)"}},{"startTime":1304.9,"endTime":1313.72,"type":"car","title":"Mazda Cx50","url":"/cars/mazda/cx-50","image":"https://upload.wikimedia.org/wikipedia/commons/4/4b/2023_Mazda_CX-50_GT_in_Zircon_Sand_Metallic%2C_Front_Left%2C_06-18-2022.jpg","quote":"One thing, one vehicle that I would add to that list would be a Mazda CX-50.","canonicalId":"car:mazda:cx-50","priority":0.5,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The Mazda CX-50 is a compact SUV that emphasizes sporty handling and stylish design. It aims to provide a more engaging driving experience compared to other models in its class.","simplifiedExplanation":"The Mazda CX-50 is a small SUV that looks good and is fun to drive. It's a great option if you want something stylish and sporty.","imageAttribution":"Elise240SX (CC BY-SA 4.0)"}},{"startTime":1354.9,"endTime":1365.8,"type":"company","title":"CarEdge.com","url":"/glossary/caredge-com","quote":"Just went to research and then clicked on resale value ranks, depreciation ranks.","canonicalId":"company:caredge-com","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"CarEdge.com is a website that provides data and insights on vehicle depreciation, resale values, and other automotive market trends.","simplifiedExplanation":"CarEdge.com is a website where you can find information about how much cars lose value over time and which ones are good to buy."}},{"startTime":1354.9,"endTime":1360.7,"type":"term","title":"resale value","url":"/glossary/resale-value","quote":"We know Toyota has the best resale values, RAM, with some of those heavy duty pickup trucks end up up there, but Honda and Mazda.","canonicalId":"term:resale-value","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Resale value refers to the amount of money a vehicle can be sold for after it has been used, which can be influenced by brand reputation, reliability, and market demand.","simplifiedExplanation":"Resale value is how much money you can get back when you sell your car after using it for a while. Some brands keep their value better than others."}},{"startTime":1424.4,"endTime":1431.7,"type":"term","title":"hybrid powertrain","url":"/glossary/hybrid-powertrain","quote":"Yep. I'll grab the hybrid powertrain under engine and drivetrain hybrid. Okay. So then if I go year here, let's see, how many 20, yeah, I can't even have any 2026s.","canonicalId":"term:hybrid-powertrain","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"A hybrid powertrain combines a traditional internal combustion engine with an electric motor to improve fuel efficiency and reduce emissions. This technology allows vehicles to operate on electric power alone at lower speeds and switch to gasoline power when needed.","simplifiedExplanation":"A hybrid powertrain is a system that uses both a gasoline engine and an electric motor. This helps the car use less fuel and produce fewer emissions, making it more environmentally friendly."}},{"startTime":1580.0,"endTime":1582.0,"type":"term","title":"dealer invoice","url":"/glossary/dealer-invoice","quote":"We can see the dealer invoice.","canonicalId":"term:dealer-invoice","priority":0.5,"confidence":0.85,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"The dealer invoice is the amount that the dealer pays the manufacturer for the vehicle. It is often lower than the MSRP and can give buyers an idea of how much markup is on the vehicle.","simplifiedExplanation":"The dealer invoice is the price that the car dealer pays to the car maker for the vehicle. It can help you understand how much profit the dealer might make when selling the car."}},{"startTime":1594.2,"endTime":1596.0,"type":"term","title":"markup","url":"/glossary/markup","quote":"So not a ton of markup on these vehicles.","canonicalId":"term:markup","priority":0.5,"confidence":0.8,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Markup refers to the difference between the dealer's invoice price and the selling price of the vehicle. A lower markup means the dealer is charging less over what they paid for the car.","simplifiedExplanation":"Markup is the extra amount the dealer adds to the price of the car compared to what they paid for it. Less markup means you pay less extra."}}],"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/wait-30-days-to-buy-a-car-episode-950/transcript.vtt","type":"text/vtt"}]}