Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Okay, We've been pretty candid about this over the years.
Casey does all the work. I don't look at anything,
and then I just sit down and start talking. So
it's amazed that you're just doing the work for yourself
here on the kendeling Casey pretty much. So I was
perusing the template and this article from the Hill is
crazy about how much it cost to own a car.
Speaker 2 (00:18):
Oh yeah, we're going to get to that in a
little bit, or what you want to talk about that now.
Speaker 1 (00:22):
That's why I'm talking about it now. Okay, Like I'm
feeling as though the audience needs to know this, that
this is a staggering number that according to this article
at the Hill, which is they respected publication, no idea
why they would lie about this, Americans pay roughly twelve
and twenty eight dollars a year to own a car,
or roughly one thousand and sixty nine dollars per month.
(00:46):
Now this includes insurance, day to day maintenance, and another operators.
I assume that includes gas, so basically all in on
average to drive an automobile, it's and twenty eight dollars
a year. That blew my mind. There's no way it
cost me that much. To run that little golf cart
that I have.
Speaker 2 (01:06):
Yeah, I think it's really interesting. Somebody told me that
they think part of this is the automakers constantly putting
out the advertising making mostly younger men feel like they
need to upgrade their car every single year.
Speaker 1 (01:22):
Oh, because so people are not. People are always getting
new new cars by new cars. Okay, So they broke
it down eight percent financing charges, eight percent parking, five percent,
taxes and fees thirty eight okay, big part of its depreciation.
That is part of the equation. Eighteen percent fuel, fourteen
percent insurance, twelve percent maintenance and repairs. And that's that's
(01:43):
your total. Okay. So see, I'm not a good person
on this because from most of the audience knows, I
drive a car with that. It's a it's an older car,
it's over a decade old, it has no power locks
or windows, and it's the size of a golf cart.
So I'm really bad person. And to do this, I've
owned this car for many many years now, had it
paid off in full, uh, and I don't. My car
(02:05):
could not depreciate thirty eight percent every single year. There's
nothing left to depreciate. I mean I have to put
oil in.
Speaker 2 (02:11):
Its appreciate it all it's going to I have to.
Speaker 1 (02:13):
Put oil in it like every two weeks. It just
burns through the oil like I am in it. That's
probably not good either. The boss Bruce Springsteen and Born
to Run described it as a death trap, a suicide wrap.
That's what I drive to work. And here's the thing.
I should get a new car. I could get a
new car, but there's a certain level of pride of
can I run, actually run this thing into the ground.
(02:33):
Can I think you're doing a good job. Drive this
thing until it just stops going.
Speaker 2 (02:37):
Yeah, Well, if you're having to put oil in it
every couple of weeks, I think you're there.
Speaker 1 (02:42):
Yeah, But I mean it still runs fine. As long
as I do that, it's fine. Like there's nothing wrong
with the car.
Speaker 2 (02:48):
Most people don't have to been oil in their car
every two weeks. That's not running fine.
Speaker 1 (02:52):
It is running fine. That's a that's a operate properly.
Do you have a Toyota No, it's no, No, Why
there's it last a while? That's my boy. I've had toyotas.
I had a Toyota a Corolla years ago. I got
three hundred thousand miles out of that car when I
got rid of it, and it was still running great.
It's just the problem was so when I owned my
(03:12):
radio station in North Carolina for all those years down
near Wilmington, there was no there was no garage at
the building or car port, so just sit out in
the sun. The steering wheel had melted. That was the
problem I had to get rid of because the steering
wheel and the seats had basically melted in the in
the southern heat. But other than that, the car you
should drive across country ran fine. I think I could
have got another one hundred thousand miles out of it
if i'd tried. But if the car runs fine and
(03:36):
I know I'd have to do to maintain it, and
it costs me nothing and it gets great gas, and
I was like forty miles to the gallon, why would
I get a new car?
Speaker 2 (03:43):
Yeah, but do you feel safe driving your daughter in
that vehicle?
Speaker 1 (03:46):
I don't drive my daughter in that vehicle. She's never
been in that vehicle. I would absolutely reason. I would
never drive my kid in that vehicle. We have a
vehicle that I feel safe with my kid being in.
So look, Nathan, he'll say, my only regret is I
have but one life to give before my country. Yeah,
the only regret I have is that I have but
one car that saves me this amount of money.
Speaker 2 (04:04):
M Yeah, but I I you got to put yourself
in a position of safety as well.
Speaker 1 (04:10):
I don't drive the interstates anymore.
Speaker 2 (04:11):
I mean you are.
Speaker 1 (04:11):
I've given up that I t her in the car.
But you can put yourself in very slow at all times. No,
I drive a very slow rate of speed of all time.
It's fine. Would you, oh, would you like to buy
me a car? Would you like to step right up?
Rob You should be living this is the theme of
my existence. Robby should be doing this. Robbie should be
doing that. Robbie should buy and you'd be buying yourself
a new car. If you would like to buy me
(04:32):
a new car, not even a new car, a less
used car, I will gladly drive it.
Speaker 2 (04:36):
I think that you you could afford a previously loved vehicle.
But here's the thing. You say, you won't put your
daughter in the car for safety reasons. That's right, Yeah,
you're gonna put yourself in the car. And you are
the head of your family.
Speaker 1 (04:49):
So what does that say? I don't really have any
you've been around my house. I don't have any control
over anything as long as your wife's cars safe. Yeah,
and her car is wonderful, and I would she has
a very safe tank like automobile that could probably run
over any and everything.
Speaker 2 (05:06):
Another thing from this article that was shocking. On average,
the typical American family spends or the typical American not
even family spends one thousand dollars on parking.
Speaker 1 (05:16):
Yeah, what's that? Well, okay, so like our company pays
for our parking. I wonder what it would be. It
wouldn't be that much. No, it wouldn't be anywhere near
that much, but it would be expensive for downtown parking.
But our company pays for that, so we're we're I
guess we would be part of that, except we have
the fabulous benefit of being.
Speaker 2 (05:35):
Right with the garage, the use of the garage, right. Yeah,
it's surprising though, what fifty bucks a month.
Speaker 1 (05:42):
Depreciation was the one that look at you want because
you always here, Like the moment you drive the car
off the lot, it loses value. This does seem to
I mean, thirty eight percent seems like a lot of
depreciation probably on whatever automobile you're driving. See.
Speaker 2 (05:55):
I think the issue with you is you don't even
know what kind of car you'd get because you're not
really a car guy. Like if you were in the market,
which which I think you are in the market, you're
just in denial about it.
Speaker 1 (06:06):
You don't even know what you'd get. Yeah, the car
to me is always about getting from point A to
point B. That's all I've ever viewed a car as.
And I get that some people have many different views
on cars, love, affairs, whatever. I was always viewed as
the car. The goal of the cars to get you
from point A to point B. In as long as
I don't need bells any whistles, I don't need any
of that stuff. I don't. You wouldn't even know what
to do if you had bells and whistles.
Speaker 2 (06:26):
No, like heated or cooled seats, electric windows, No, I
would have no idea.
Speaker 1 (06:31):
I feel like I'm scamming someone. Uh huh.
Okay, We've been pretty candid about this over the years.
Casey does all the work. I don't look at anything,
and then I just sit down and start talking. So
it's amazed that you're just doing the work for yourself
here on the kendeling Casey pretty much. So I was
perusing the template and this article from the Hill is
crazy about how much it cost to own a car.
Speaker 2 (00:18):
Oh yeah, we're going to get to that in a
little bit, or what you want to talk about that now.
Speaker 1 (00:22):
That's why I'm talking about it now. Okay, Like I'm
feeling as though the audience needs to know this, that
this is a staggering number that according to this article
at the Hill, which is they respected publication, no idea
why they would lie about this, Americans pay roughly twelve
and twenty eight dollars a year to own a car,
or roughly one thousand and sixty nine dollars per month.
(00:46):
Now this includes insurance, day to day maintenance, and another operators.
I assume that includes gas, so basically all in on
average to drive an automobile, it's and twenty eight dollars
a year. That blew my mind. There's no way it
cost me that much. To run that little golf cart
that I have.
Speaker 2 (01:06):
Yeah, I think it's really interesting. Somebody told me that
they think part of this is the automakers constantly putting
out the advertising making mostly younger men feel like they
need to upgrade their car every single year.
Speaker 1 (01:22):
Oh, because so people are not. People are always getting
new new cars by new cars. Okay, So they broke
it down eight percent financing charges, eight percent parking, five percent,
taxes and fees thirty eight okay, big part of its depreciation.
That is part of the equation. Eighteen percent fuel, fourteen
percent insurance, twelve percent maintenance and repairs. And that's that's
(01:43):
your total. Okay. So see, I'm not a good person
on this because from most of the audience knows, I
drive a car with that. It's a it's an older car,
it's over a decade old, it has no power locks
or windows, and it's the size of a golf cart.
So I'm really bad person. And to do this, I've
owned this car for many many years now, had it
paid off in full, uh, and I don't. My car
(02:05):
could not depreciate thirty eight percent every single year. There's
nothing left to depreciate. I mean I have to put
oil in.
Speaker 2 (02:11):
Its appreciate it all it's going to I have to.
Speaker 1 (02:13):
Put oil in it like every two weeks. It just
burns through the oil like I am in it. That's
probably not good either. The boss Bruce Springsteen and Born
to Run described it as a death trap, a suicide wrap.
That's what I drive to work. And here's the thing.
I should get a new car. I could get a
new car, but there's a certain level of pride of
can I run, actually run this thing into the ground.
(02:33):
Can I think you're doing a good job. Drive this
thing until it just stops going.
Speaker 2 (02:37):
Yeah, Well, if you're having to put oil in it
every couple of weeks, I think you're there.
Speaker 1 (02:42):
Yeah, But I mean it still runs fine. As long
as I do that, it's fine. Like there's nothing wrong
with the car.
Speaker 2 (02:48):
Most people don't have to been oil in their car
every two weeks. That's not running fine.
Speaker 1 (02:52):
It is running fine. That's a that's a operate properly.
Do you have a Toyota No, it's no, No, Why
there's it last a while? That's my boy. I've had toyotas.
I had a Toyota a Corolla years ago. I got
three hundred thousand miles out of that car when I
got rid of it, and it was still running great.
It's just the problem was so when I owned my
(03:12):
radio station in North Carolina for all those years down
near Wilmington, there was no there was no garage at
the building or car port, so just sit out in
the sun. The steering wheel had melted. That was the
problem I had to get rid of because the steering
wheel and the seats had basically melted in the in
the southern heat. But other than that, the car you
should drive across country ran fine. I think I could
have got another one hundred thousand miles out of it
if i'd tried. But if the car runs fine and
(03:36):
I know I'd have to do to maintain it, and
it costs me nothing and it gets great gas, and
I was like forty miles to the gallon, why would
I get a new car?
Speaker 2 (03:43):
Yeah, but do you feel safe driving your daughter in
that vehicle?
Speaker 1 (03:46):
I don't drive my daughter in that vehicle. She's never
been in that vehicle. I would absolutely reason. I would
never drive my kid in that vehicle. We have a
vehicle that I feel safe with my kid being in.
So look, Nathan, he'll say, my only regret is I
have but one life to give before my country. Yeah,
the only regret I have is that I have but
one car that saves me this amount of money.
Speaker 2 (04:04):
M Yeah, but I I you got to put yourself
in a position of safety as well.
Speaker 1 (04:10):
I don't drive the interstates anymore.
Speaker 2 (04:11):
I mean you are.
Speaker 1 (04:11):
I've given up that I t her in the car.
But you can put yourself in very slow at all times. No,
I drive a very slow rate of speed of all time.
It's fine. Would you, oh, would you like to buy
me a car? Would you like to step right up?
Rob You should be living this is the theme of
my existence. Robby should be doing this. Robbie should be
doing that. Robbie should buy and you'd be buying yourself
a new car. If you would like to buy me
(04:32):
a new car, not even a new car, a less
used car, I will gladly drive it.
Speaker 2 (04:36):
I think that you you could afford a previously loved vehicle.
But here's the thing. You say, you won't put your
daughter in the car for safety reasons. That's right, Yeah,
you're gonna put yourself in the car. And you are
the head of your family.
Speaker 1 (04:49):
So what does that say? I don't really have any
you've been around my house. I don't have any control
over anything as long as your wife's cars safe. Yeah,
and her car is wonderful, and I would she has
a very safe tank like automobile that could probably run
over any and everything.
Speaker 2 (05:06):
Another thing from this article that was shocking. On average,
the typical American family spends or the typical American not
even family spends one thousand dollars on parking.
Speaker 1 (05:16):
Yeah, what's that? Well, okay, so like our company pays
for our parking. I wonder what it would be. It
wouldn't be that much. No, it wouldn't be anywhere near
that much, but it would be expensive for downtown parking.
But our company pays for that, so we're we're I
guess we would be part of that, except we have
the fabulous benefit of being.
Speaker 2 (05:35):
Right with the garage, the use of the garage, right. Yeah,
it's surprising though, what fifty bucks a month.
Speaker 1 (05:42):
Depreciation was the one that look at you want because
you always here, Like the moment you drive the car
off the lot, it loses value. This does seem to
I mean, thirty eight percent seems like a lot of
depreciation probably on whatever automobile you're driving. See.
Speaker 2 (05:55):
I think the issue with you is you don't even
know what kind of car you'd get because you're not
really a car guy. Like if you were in the market,
which which I think you are in the market, you're
just in denial about it.
Speaker 1 (06:06):
You don't even know what you'd get. Yeah, the car
to me is always about getting from point A to
point B. That's all I've ever viewed a car as.
And I get that some people have many different views
on cars, love, affairs, whatever. I was always viewed as
the car. The goal of the cars to get you
from point A to point B. In as long as
I don't need bells any whistles, I don't need any
of that stuff. I don't. You wouldn't even know what
to do if you had bells and whistles.
Speaker 2 (06:26):
No, like heated or cooled seats, electric windows, No, I
would have no idea.
Speaker 1 (06:31):
I feel like I'm scamming someone. Uh huh.
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