← The Iced Coffee Hour
The Iced Coffee Hour
"I Need Help!" Tavarish Breaks Silence on $2M McLaren P1, Financial Crisis, & WhistlinDiesel Arrest
01:49:27
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- [00:00]
Freddie
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- [00:33]
Graham
Why don't you just finish the P1?
- [00:37]
Freddie
I'm in way over my head. I always look at cars for what they could be. You ever just take your Porsche 918 for a walk? What is something that would be the most entertaining, most captivating, most engaging thing I can put out that I could be proud of? This is my 2015 Porsche 918 Spyder. But it had a really, really bad day. I don't have millions and millions of dollars. All I can do is like what happens in my head. Can I make that into reality? Probably, maybe. Who knows? And that's what I put into the cars.
- [01:09]
Jack
When did it start to go wrong?
- [01:11]
Freddie
If you're a car guy coming here, working on these cars day in and day out, it's really cool in the beginning. After a while it just becomes normal, but then it becomes a nightmare.
- [01:22]
Graham
So would you quit the channel?
- [01:26]
Jack
Foreign. Thank you so much for coming on the iced coffee hour.
- [01:34]
Freddie
Well, it's, it's nice to be here again. Yeah, we're, we're here at my shop. You guys are. You guys have been awesome. You guys have been awesome throughout this whole, like last time we did this, it was, it was like a year ago.
- [01:47]
Jack
A year ago.
- [01:47]
Freddie
Okay. Well, I mean, yeah, a lot, a lot has happened in a year. But also like I, I really liked the reception of the last one also. I don't know what you're going to ask me this time. So it's.
- [01:59]
Jack
Oh my gosh. Well, you've done quite a bit over the last year. You're the only one touching these hypercars that no one else will go near. You have the Porsche 918 that you just bought with the fire damage. This is like a two and a half million dollar car that you were able to buy for like $150,000. You have that, you have the McLaren P1 that you're still fixing up. You have the $500,000 Aventador.
- [02:25]
Freddie
Yes. Yeah.
- [02:26]
Jack
In addition to that, what's the fixed up value of your garage?
- [02:31]
Freddie
So I think I just put this into a spreadsheet. So, like, let's say a retail value of everything. Even with, like, the weird title stuff, it's. It's like around between 4 and 6 million dollars. But most of that is like the P1 and 9 18. The 9 18, like the 918 spiders have sort of run away a little bit. They used to be between, like one and a half to $2 million, and now they're like a. A crappy one. Not a crappy one, but, like one that has some miles. Like a driver's car is probably two and a half, and a really good one is like three plus. So that is like, now this is in a. In a whole whole new world that I am not, like, part of at all. So it is. It is pretty crazy. The same thing with the P. Before you can buy P1. Like, some P1s were under $1 million, and now they're. They're like, people are asking 2.3, which is. Which is nuts. So maybe it's just an inflation thing. I don't know. You guys can tell. Tell me about that. But I wish I knew more about the hypercar market, but it just seems like it's just going up and up and up.
- [03:39]
Graham
Do you have any idea why it's that specific car that's gone up so much? Because I feel like that's outpaced most other hypercars in the market.
- [03:46]
Freddie
So the reason why is because. Well, the P1, the 918 Spider, and the LaFerrari hypercar Holy Trinity, they were the first hybrid hypercars made around 2011-2013. And they were in competition with one another, and it was really significant. I think they're. They're probably the last, like, truly significant supercars, at least like, in. In my lifetime. And I think because of that, there's like a. An aura around them now. It doesn't really make sense from a, like a market cap standpoint because the 918, they made 918 of those cars. The P1 is the rarest with. With. With 375. And then La Ferrari, they had 500. Well, 499 plus one for the Pope. And then they. They had some. Some apertas, which is the convertible one. So realistically, you'd think that the P1 would be, you know, the rarest and. And most collectible, but it's not. It's actually the cheapest. But it. It, like all those cars are sort of, sort of going up, so hopefully in five, ten years, maybe they'll be. I don't know. Four $5 million cars. The Ferrari, the LA Ferrari is already there. It's already a $5 million car. The apparentos are like seven, which is more money than I think anybody should ever spend on an automobile.
- [05:07]
Graham
How much did you spend on the 918?
- [05:09]
Freddie
About $145,000.
- [05:11]
Graham
What I thought was hilarious is that you spent $145,000 on that car. But then one singular part that you needed for the car, the most expensive part, how much was that?
- [05:21]
Freddie
So that was, I needed the, the rear subframe, that's 150 grand.
- [05:24]
Graham
So you spent more on one part for a car than you did on the entire car?
- [05:28]
Freddie
Yes. I mean, the reason why is because that car is completely made of carbon fiber. It's like the, the, the frame, the monocoque chassis, the, the bodywork, all of that stuff is carbon fiber and it's only for that car. So Porsche does this thing where they will use parts from other cars, like the rear wheel steering from that car is actually from a, a991, like Porsche 911. There's a lot of sensors and switches and stuff like that that you can find in other. And even the key is the exact same key that you get in a Boxster. So they could save a lot of money like that. But then all the engineering, like the hybrid system and the engine and all that stuff was only specific to that car. So all that stuff, super expensive. I mean, we're talking like if I needed to get a new engine block, it's 250 grand. You know, the transmission, which is like, it's derivative of the regular dual clutch PDK thing that goes into every other Porsche, but it's not exactly the same, so it's like another 160 grand. So if I, you know, if I needed those things, then it would be quite a, like, really, really expensive proposition.
- [06:38]
Graham
Take a guess. How much will you spend on this car to completion?
- [06:42]
Freddie
I think so. I, I did a tally on one of my videos. I think it was going to be like 600 or something like to, to, to the end of it. But I think if I can get things like at a good deal. Because what's funny is that when you make videos like this, people come out of the woodwork and they go, actually I have this part and this part and this part. And the 918 used parts community is there's not really one, but like if somebody is hoarding parts, they go, oh well, I can, I can charge whatever I want. But the problem is you're not going to sell it to anybody. Because the person that buys a 918 Spider and let's say it needs some work, they're going to Porsche to get it. Because Porsche still has all the parts available, but they're just expensive. But if you buy a $3 million car, why wouldn't you take it to the dealer to, you know, have all the, the resale value that you can get?
- [07:32]
Graham
Do they just continually make the parts as they're requested?
- [07:36]
Freddie
So they are. When I, when I go to order things from Porsche, they have like, special order. So it's. So. So you put it in order and then they go, I don't know, go to Germany and wake up the guy that, that makes the carbon fiber and they go, you have to make one more. So may. Maybe, you know, maybe they have a shelf full of 918 parts. I kind. But I think a lot of these are just like, made to order, but they have the tooling. And what's great about Porsche over, like something like McLaren, you know, because, you know, rebuilding the P1 is. Is different. Porsche is like, I like to like to say it like this. Porsche is an actual company and they have, like, actual stock and they make parts and they test their parts. So they don't just like, make a car. And then their customers are the beta testers. Porsche, you know, when they put out a car, this thing has been all over the world. It's been tested in lots of different scenarios. And every single one of these parts has probably had some hundreds of thousands of iterations on their other cars. So they go, oh, no, this is like the best thing that we can do. And this is good for this many actuations or whatever. So it's. And also Porsche's engineering is fantastic. So I think with the 918 rebuild, it's different, at least for me, because I am also not going to be doing anything crazy with it. Like with, with a P1, we're literally redesigning the entire car. We're making like an entire car from scratch. Engineering, aerodynamics, everything. Where the Porsche that's going to be like an OEM rebuild.
- [09:12]
Jack
Can the average person profit from rebuilding these cars?
- [09:16]
Freddie
That is a really good question, because it all depends on what your. What your attention to detail ultimately is. If you want everything to be 100% and you want everything to be OEM and you're buying parts from the dealer, then probably not. The reason why I do this and, you know, rebuild these cars is because I enjoy the story. I enjoy adding to the car story. I Like, seeing that the cars are in bad shape, and then this presents unique pro, like, unique problems for me to solve. That's the only reason why I do it. And also because I can put it on my YouTube channel, and that allows me to share it with other people and also make money from that. If I didn't have the YouTube channel and it was just me trying to flip cars, this would make no sense. And that's how you get a lot of people that are like, almost like the buy here, pay here mentality where you take these cars. You might get, you know, a Copart car, and you go, well, if I put a bumper on that, then it'll hide all the frame damage behind it, and then I'll. I'll kick it off to the next guy and then, you know, buy the fourth or fifth owner and that they. They take the bumper off and they go, oh, my God. Like, this is. This is way worse than I thought. And that was sort of the deal with my Aventador, because it's been through, like, lots of. Lots of people. And, you know, when I. When I took it apart, realized that, oh, it had frame damage that somebody had, like, fixed, and they just. They just botched it. So I can't let things like that go. And it's to the point where you can't just fix it. You have to replace it. So, yeah, like, most people, I think, would have a hard time doing rebuilds. Doing rebuilds and then profiting off of it. And I think a lot of. There have been a lot of videos on YouTube talking about, like, oh, here's the reality of doing one of these. And, you know, the. Like, me and, like, Matt Armstrong or Rich Rebuilds or whoever's doing these. These rebuilds, they. They are painting, like, an unrealistic picture. But I. I think I'm doing it just because I. I love learning about the cars. I love learning about the platform and then solving interesting problems.
- [11:29]
Jack
How do you make sure you don't lose a ton of money on this, though?
- [11:32]
Freddie
Oh, I always lose a ton of money. Well, I mean, losing a ton of money. It all depends. It all. It all depends because what do you. Because my idea of losing a ton of money is different from your idea of losing a ton of money. Like, what would you like? Let's. Let's define terms here.
- [11:47]
Jack
Because here's the thing. I mean, you could get money back on the YouTube channel.
- [11:51]
Freddie
Yes.
- [11:51]
Jack
And your brand. How do you make sure you don't buy a car that needs $1 million worth of repairs? And you're never going to make that from your channel on the videos.
- [11:59]
Freddie
Well, the idea is. So I take, I take into account the growth of the channel. I take into account because like if you're, if you're growing a business that comes with a cost, right? So if I buy a car and it's, it's a, it's a crazy amount of money or I take out a loan on it or something like that, that is the cost of doing business. That is the cost of growth. That is the cost of, you know, me trying to expand into other avenues or other horizons. And then, then that forces me to monetize in different ways. So whether it's like taking the same content and putting out different platforms or like Merch or you know, working with other people or getting different sponsors, like that forces me to do those things and that helps the business, you know, just down the line. Anyway.
- [12:44]
Graham
He's a possibility based person.
- [12:46]
Jack
Exactly.
- [12:47]
Graham
Oh yeah, right. So, so we were talking to Tony Robbins and he had explained two different types of people. The necessity based. And what was it? The pos. Possibility based. The necessity based. Graham, explain.
- [12:57]
Jack
Yeah, this is new for me. So the necessity based. You do something because you have to do it, right? The possibility based. You do it because of the possibility of what could happen. So for me, yeah, I like to do the necessity based. What, what needs to get done right now to get to the next step, Jack, is like, what could we do right now for the possibility, something new?
- [13:19]
Freddie
I think I've always been that possibility. I mean, it's, I don't think it's a, it's a dichotomy, right? There has to be a percentage of one or the other because you have to do things because you like there's certain amount of things you have to do because you just have to, you have necessities, everybody does. But for me, I always look at cars for what they could be, what, what the best possible storyline I could make with this car. And every time I make a video I go, okay, what do I have in front of me? And what is something that would be the most entertaining, most captivating, most engaging thing I can put, that I could be proud of. So a lot of people also, you know, my, my commenters and viewers, you know, I am not the, the most consistent in terms of like upload and stuff like that, but I think because of that I have to do something where, if I, when I do put out a video, it has to be good, it has to feel like an event. It's like, oh, this guy dropped the video. It's a two hour long video about, you know, X, Y and Z. I'm going to watch it and it's going to take you on a journey, you know, like, and hopefully that's the, that's, that's the draw.
- [14:28]
Graham
From a business perspective though, wouldn't it make more sense to hire one extra person, pay them a hundred thousand dollars a year and then their sole job is to make one extra video, let's say every two or three months. That, and that'll easily pay for them. It will grow the channel, you'll get more subscribers, more views, you'll make more money. And it's, that seems like very scalable in that regard.
- [14:50]
Freddie
So it does. So I've done that and I've done that before. The issue is YouTube is a thing where ebbs and flows and sometimes, and like when you're dealing with people, I wish it could be like, all right, I'm giving you a task and then you have to like complete this task, whether it's shooting or editing or you know, working in the shop or whatever in this field specifically, you know, like, I have ADHD obviously, because, you know, you see all the, all the cars that, you know, the kind of eclectic collection and the, the million unfinished projects that, that I have that are just all impending states that, that need something. I tend to attract that sort of person and it's very hard for me to get a person that doesn't have those qualities because otherwise they wouldn't be attracted to this kind of job.
- [15:42]
Graham
Would you rather quit YouTube? Never own a supercar or hypercar ever again.
- [15:48]
Freddie
So I would still do YouTube or I would.
- [15:50]
Graham
You would still do YouTube, but you could never own a, a hypercar or a supercar ever again or stop doing YouTube and you could own supercars and hypercars.
- [15:57]
Freddie
So I, I will ask a qualifier. I know, I know that this is like the hypothetical is you don't want to sports car.
- [16:02]
Graham
What's your.
- [16:03]
Freddie
Well, well, will people know that I did these kind of cars before if, if, if everyone's memory was erased. And I can do clean, clean slate, but I could never touch one of these cars. Yeah, I would probably do that. Because you would continue doing YouTube. Correct. Because I could still make stories because the, what I've learned is it doesn't matter what the cost of the car is. You could make a really good living. You can make a really good story out of cars or experiences or something that people can resonate with. So, you know, I did a video on a thousand dollar Nissan Maxima which is like a spitting image of my first car. And that ended up getting 2 million views, you know, but it took me three months to do and I tried to, you know, make the most engaging story out of it, but it didn't cost me hundreds of thousands of dollars to do. You know, it was, it was still like I was out 3500 bucks on the whole project. It was a lot of time and it was, it was interesting because I, you know, two months into it, I'm in the shop at like 3 in the morning working on this Maxima that I bought for next to nothing. And I'm looking over and I see like the P1 taken apart, I see an Aventador taken apart. And I say at the end of those projects, like I have a P1 and I have an Aventador really cool cars. At the end of this, I have a car that's worth 2500 dollars. So like what, why, why am I, what am I doing? But it's the sentiment, sentimental value and I think that translates just as much as these do. But you have to spend time on educating the viewer as to why it's cool. Like, I might have to tell people why the 1998 Nissan Maxima was a big deal for me when I was 18. I don't have to tell people why a Ferrari or a Lamborghini is a already know now.
- [17:42]
Jack
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- [17:54]
Graham
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Jack
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Graham
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Jack
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- [18:31]
Graham
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- [18:40]
Jack
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Graham
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- [18:59]
Jack
What's in your current collection right now?
- [19:01]
Freddie
How much time you got? So we, we have, you know we have, we have all of these, some of these are not my cars. You know they're just, they're just here as, as decoration. But you know we have the 675 LT, the Ferrari 430 Scuderia, the, the ones that I'm working on right now. I'm really excited about my 2008 Lamborghini Gallardo. Like I just got that off the lift and I haven't worked on that for like four years and that was the first car that kind of blew up my channel. So I think with that I want to redo everything to like the standards of today because standards of 2017, Freddie when you know, I was working in my two car garage and really didn't have any sort of resources to put into any of this stuff and I've never worked on any supercars or hypercars or exotic cars that was, you know, that was a shoestring budget. So I think now with some more connections and some better parts, I think I can really, really make that project shine. But yeah, I have the Aston Martins V8 Vantage DBS. I have GT3. I just got another Porsche. We just got an M6. It's a, it's a convertible V10 manual. So it's a factory manual. They only made 300 something and they only made them in the States. So in Europe they didn't have manuals apparently like nobody wanted manuals. So it was only for like the North American market. And that car is super, super cool. And we did modifications to it and you know, some other stuff. Got Focus RS and then the Audi RS E Tron gt. That's like a daily driver for my girlfriend. And you know it's, it's been like I, I like to have a, a collection that's not necessarily eclectic but it's just the stuff that I find interesting and the automotive experiences that I can't get anywhere else.
- [20:48]
Graham
How many cars do you have?
- [20:50]
Freddie
30.
- [20:51]
Graham
30 flat.
- [20:52]
Freddie
30 flat. Yeah, I, I know this because I just Did a Google Doc and I have 29 here and then one in UK which is like a, a London cast. So I bought this London. You know, like those little. You go to London and you have this tiny little car. Yeah. I think it's like a 97, probably has 10 billion miles on it. But I ended up getting it from a friend for like two grand. And I've never seen it. It's just sitting in some person's storage locker or farm or something. So at some point I'll bring it over here and then we'll just drive a London cab around Florida and see how that works.
- [21:26]
Graham
And how many of these 30 cars that you own are you actually making content around or is it mostly just out of passion?
- [21:32]
Freddie
So it's out of passion when, when a car it. If it's not a car that I feel really strongly about, then I will like trade it or I like, I may sell it. I don't, I'm really, really bad at selling cars. I'm terrible at that. So when I see a car that I feel attracted to, like this is an automotive experience I didn't have then. It's, it's something that like I could just add to the collection. I can, you know, just keep forever. Like the P1 and 9 18, I'm gonna keep forever.
- [22:07]
Graham
Keeping it forever also adds monthly cost to your bill. Like I imagine you still have to like register it, you still have to insure it, you still have to do all of these things. What's the month to month cost of your collection?
- [22:18]
Freddie
The collection itself isn't that expensive. So the insurance cost on everything, I think I'm paying something like 15, 16 grand a year for everything. So that's just not bad at all. That's not bad at all. Yeah, yeah.
- [22:33]
Graham
Are you like max maxed out policy on everything?
- [22:36]
Freddie
Oh yeah, yeah, yeah. So I mean it's, it's also all the cars are like, it's not like they get driven every day. Right. They're in a air conditioned security, you know, like garage. And it's, it's not really like I have a fleet insurance policy which is, which is fantastic because like if I would have gone to like Geico or Allstate or something, it would have been a hundred thousand dollars. Especially on some of these car they're like, oh, we need to get special, special underwriter approval or something. But the, the maintenance on a lot of these cars is also not terrible. The thing that I'm running into most is that since the cars don't get Driven a lot. There's a lot of cars that, like the, the tires that I, that I've put on them, like years ago, the tread is fine, but they're just aging out. So I have, you know, my, my Lamborghini Gallardo brand new Michelin PS4S tires like they were $2,000 back in the day, but I put them on in 2017, so they're aged out. You don't want to. You don't want tires more than five years old because the compound, you know, changes and it gets less consistent, that sort of thing. So the car. I probably put 30 miles on the car, you know, since I, since I finished it, you know, finished it on YouTube. Now I have to change the tires, which to anybody else would have been, you know, a brand new tires. And the same thing goes for, like a few other cars here. So, you know, stuff like that. It does seem a little bit wasteful, but also like, I'm not going to have a car that's just sitting with, you know, whatever tires it came off the showroom floor with.
- [24:08]
Jack
And then. Yeah.
- [24:08]
Graham
What would the final sum number be?
- [24:10]
Freddie
Yeah, I think I would spend probably like less than five grand a month on everything. Like, you know, with. Because we're talking about, like oil changes. We're talking about like whatever parts things need and then, and then the insurance costs. It's not that. It's not that bad. But, but this is just, just on the car collection. I'm not talking about storage or like the shops or anything or notes either. No loans. Oh, okay. Okay. Well, so you know what, that, you.
- [24:39]
Graham
Know, the loans do cost money at the end of the month.
- [24:41]
Jack
You forgot that. Yeah, so it's the loan.
- [24:44]
Freddie
I forgot the loan. I'm sorry. So I forgot.
- [24:47]
Graham
You're a finance rounding error.
- [24:49]
Freddie
Yeah, it is a rounding error. That's. That's. Yeah, that's how much money we're making here. No, it'. So, yeah, the loan. Actually, if we add the loan to it, it's probably something like 20, 22 grand.
- [25:02]
Graham
That's not that bad.
- [25:03]
Freddie
Yeah, that's not. That's not that bad for 30 cars. Yeah. But I mean, realistically, the only loan I have is for the, for that P1. And I'm just. Right now I'm just paying it off. I'm actually trying to get a loan now to finish all of the big, you know, the big car builds rather than kind of doing it piecemeal meal. So if I have a lump sum, I can just be like, all right, I'm Ordering all these parts. I'll make all this content and then boom, boom, boom, and then just pay off the loan. So how big of a loan do you need? Half a mil? Something like that.
- [25:33]
Jack
And what's the interest rate you're getting on that?
- [25:35]
Freddie
If you were to get a loan, I think it's. It would be less than 10. It'd be less than 10.
- [25:41]
Graham
See, Graham is considering whether or not. I know, I know how his brain works. He's literally like, like, okay, well, like I'm getting this in treasuries. This is my money market fund. Could I get an extra 2% if I to Freddy you?
- [25:53]
Freddie
I mean, you, you could. But listen, I have, it's not like I don't have things as collateral, right? So that, that, that's, that's what I, that's what I do. I go, well, I have all these cars and here's the, here, here's the market value of each of these cars. And they have comps and bring a trailer and, and whatever. Like this is what they're selling for in the last, know, six months. So we take evaluation based on that and then just add those up. And then what, you know, what can, what can we then loan out based on those numbers?
- [26:26]
Jack
The wheels are turning. This would make a good YouTube video too.
- [26:28]
Freddie
Yeah, well, I'm, I'm sponsoring Tavares channel.
- [26:31]
Graham
It could be part of your diversified portfolio loans. Yeah, you could give out loans. The only thing is I would be hesitant to be in debt to this guy.
- [26:39]
Freddie
Yeah, you're, you're going to be one.
- [26:41]
Graham
Minute late on your payment. He's going to show up at your front door.
- [26:44]
Freddie
Yeah, exactly.
- [26:45]
Graham
BLEEP that.
- [26:45]
Freddie
Yeah, just a giant sledgehammer. Yeah, well, yeah. Which one? Left having knees. Yeah, exactly. Yeah.
- [26:52]
Jack
Do you want your pinky or your thumb?
- [26:55]
Freddie
You'd be working on these cars in a wheelchair. Yeah, no, but it's, it's, it's not only just, you know, finishing cars, it's also, you know, launching stuff like this, the Merch brand that I'm, I'm going to launch and I want to, to get myself out there a lot more in 2026. 2025 was, you know, I, I did a lot. But I think when people look at, you know, the body of my work and especially on my YouTube channel, it's like, well, you haven't uploaded this. You haven't uploaded this. But like, the reality is that all these things, especially the hypercar builds like, and the P1 especially is so incredibly labor and time intensive. Like, just to give you guys an example, people, the P1, we are redesigning everything. And when, I mean, when I mean everything, I'm like, the engine we, we rebuilt to, you know, twice as much power. We had the turbos, like, designed by the original manufacturers of the turbos. So they, they see and they, they did like computer simulations, and then they sent it to Mitsubishi Japan, who then sent me a, a set of turbos, like prototype turbos for my car that make twice the power, but they look the same of, you know, like the, the ones on the P. Then we have like, I'm re engineering the entire cooling system in that car. So instead of having like the radiators in the front, we're deleting all those for weight savings. And then I'm using like an air conditioning system to cool fluid so I don't have to worry about it being hot and humid outside. Then, you know, we're deleting the hybrid system. But then we're also, you know, adding in a wiring harness that's now modular. And then we're doing like a body that has to be cfd, Computational fluid dynamics, like aerodynamics tested. Because I want to go 250, 60, 70 miles an hour. And no McLaren, especially no McLaren P1, has ever done that. So. And then on top of that, you have to actually make the stuff. You have to make the parts, you have to make the, the carbon fiber body. And in order to do that, Right, you're not just slapping it together. You're not just like putting a body kit on a Civic. Like, this has to be, everything has to be tested. Everything has to be OEM plus. Because if you're going 250 miles an hour, hour, that thing might, that thing might explode.
- [29:12]
Graham
You know, But I just, when, when you say you need to borrow $500,000, I'm gonna, I'm gonna be honest. That's very surprising to me because I see the amount of views that you have. I, I can kind of do some back of the napkin math. And he should be making this amount.
- [29:24]
Freddie
Yeah.
- [29:24]
Graham
And he could very easily just post one extra video. And it could pay, you know, a researcher's salary.
- [29:30]
Freddie
Yeah.
- [29:31]
Graham
And if you have a researcher, you won't need to spend those late night hours on the computer trying to find a part for a cheap price. You'd have someone else do it. You could move on to the next project.
- [29:40]
Jack
You post more, even sell off a few cars.
- [29:43]
Graham
Or sell off a few cars. What do you think about that logic?
- [29:46]
Freddie
Or what's the so, so yeah, so I think that that totally works. And it's, it's not like, yeah, sounds good, doesn't work. The issue that I run into with that is that I am so far into these projects and there are things that I know that in order for, for me to bring people up to speed on them, it would take me way more time than it would be to just do it myself. And then the ROI starts not making any sense. When I have somebody do something, if I pay them to do, do a job, I want to be able to rely on them and then say like, hey, this is, this is what I need from you. And what happens when, you know, in the event that it doesn't happen, it doesn't happen, or it doesn't happen on time or, or some, some expectation isn't met? I have this weird thing where I don't want to feel like I'm not pissed off, but like, I, I don't want to feel like.
- [30:46]
Graham
You don't want to express discontent with someone.
- [30:48]
Freddie
Correct. And, and then like I, I don't want to feel like they're letting me down or something like that. And then I'm like, I'll just internalize this. And that's like, it's not a good business practice for sure. But I've had that happen where, you know, I've had people work here and you know, they've, they been really, really good. And then like later on it just gets to a point where it might, they might be, you know, like, might get a little slower or something like that, like slower at producing their results. And I've noticed this and it, it does have an effect on the bottom line, but then I still have to pay them. And if I bring this up, there's like, now you have to bridge that gap of like their ego or you know, my own ego and you know, communicating like what you think is clearly, but it's not clear, so they, they start doing something and then you're like, well, I'm still not happy with this. And by the time you know this all like you actually get a product and you're like, I get, I guess I'm okay with that. You could have done this yourself, you know, 10 times over. So that's one thing that I, I struggle with quite a bit because it's, it's sort of like the micromanagement, but it's on the problem solving side of things. I wouldn't want to offload that. It's almost like, you know, the advent of AI. AI is really good. When it's, when it, when you know what the answer should be. AI is not good. When it's like, all right, create something that's never been created before. When it's like, all right, solve this problem that no one else has in the world. Or like, like, find me a part that no one else is looking for. That's going to be really hard for somebody to do. And I feel like they're still expending time and energy on this problem. I still have to pay them, and then the result is going to be. Realistically, probably not. Not what I.
- [32:41]
Graham
What would you be open to looking at? Talent? Like if someone. Okay, so do you have an email? Create an email.
- [32:47]
Freddie
Yeah.
- [32:47]
Graham
So what's, what's the name of the email going to be?
- [32:50]
Freddie
Tavares needs help.
- [32:51]
Graham
Tavares needs help. 12mail.com. Tavares needs help 12mail.com. If you guys feel like you could be a good fit, send over the best possible application, the best possible resume you could come up with. Make it a video, make it creative, make it easy to digest. Because I'm sure he'll get plenty of these. Show him your skills in video editing. Show him your knowledge on cars, show him everything and exactly why you'd be good for the position. I know that there, there will be plenty of people that will kill for this. So if you want to create the email, maybe he creates it, maybe he does it. We'll put down in the description if he does.
- [33:23]
Freddie
But I'll create it just because, just because you, you know, he'll create convincing.
- [33:27]
Jack
Okay.
- [33:28]
Freddie
Yeah, absolutely.
- [33:28]
Graham
I, I do think that just like logically speaking, yes, the emotions can sometimes get in the way of logic, which. It sounds like you've had some past experience where that did happen. Correct. But I do think it could help you a lot to have a little bit of help like a main, you know, person at your side for the business. I know at least for Graham's business, it helped a lot to finally bring someone else onto. And then everything explodes. And I know if you increased upload frequency, you had a fail safe, someone you could count on that would be. That. Would these people want to see from you more?
- [33:54]
Jack
Yeah, I want to see you once a month. I didn't like this Last video is 2 1/2 months ago.
- [34:00]
Freddie
Yeah. So my, my goal at least for 2026, is to have two videos out on the main channel and four to six on the. On the second channel. So what I've learned is that it's. I'm always Putting more on myself than, than realistically I can handle or like anybody can handle. But I, I, I start thinking to myself, like, I start getting really optimistic, like, oh yeah, I can do this in this amount of time. I can do this in this amount of time. And it's not realistic because I, I could if I didn't sleep for the next four days. And sometimes that does have to happen. It does suck when you have to, you know, perform. And then like, let's say, you know, for me, a, a crappy video on my main channel, like a, like a 10 out of 10 is a million and a half views, which, you know, my, my floor has never been higher on the channel. So if I get a, a video that has 500,000 views, that's like, that's a really bad day, you know, that's like, maybe I should stop doing this. Which is crazy easy because 500, 000 views is a lot of people. It's a lot of people. And it's, you still generate money and all that. So I have to, I, there, there has to be a way where, you know, I'm still on the growth phase and you know, I'm still finding audience and then, you know, doing interesting things. But for sure, I, I agree with you that there is, there is a, a way for somebody else to, you know, help me out with something and then we, we all grow together.
- [35:33]
Jack
Together.
- [35:33]
Freddie
The, the issue that I've come up against is that, you know, the people that I've used in the past, and then they're still around. I mean, I still talk to everybody that I've worked with. They're really nice people and they, they do, they do good work. But I think when the, the job starts, they see the kind of lifestyle. They see the, they see the cars, they see like, you know, if you're a car guy coming here, working on these cars and seeing all this stuff day in and day out, it's really cool in the beginning, beginning. After a while, it just becomes normal. And then after a while, just like any other job, people can become complacent. And even if you're paying them very, very well, they start to lose sight of the fact that like, in this industry, nobody else is doing this. You know, if I'm paying somebody 10 grand a month or 12 grand a month or 15 grand a month or whatever, it's really, really hard to, to then convince those people, you know, years down the line that like, hey, so this is like, still a really good, like you haven't been in the job market. You don't know that this is like actually not y.
- [36:34]
Graham
Retain them.
- [36:35]
Freddie
Yeah.
- [36:35]
Graham
That's why for us what's always worked is incentive pay. So like, you know, the more money you can generate the business, the more money will pay you. And it's just like only ever going to pull them into needing to be a higher performer for sure. So that, that's worked out really well for us. But that's also like, that we're getting a little bit. Yeah, we are outside of the weeds.
- [36:52]
Freddie
No, no, no. But it's, it's a good conversation to have for, for sure. Because I think right now, especially in this, this time of time of year, I have, I'm also sitting on like three really big videos. So it's not like I've just been, been, you know, kicking back and it's, it's sort of like, you know, the actor that you haven't seen act for a while and they're like, oh, what is he doing? Like, oh, he hasn't done anything. Meanwhile, he's been, you know, working day in and day out on some project that, you know, nobody knows about. But it's, it, it is, it is a good, is a good conversation to have. Just because the last time you were here, you know, I said it cost something like $80,000 or, or you know, between 80 and $90,000 to, to, to keep this place and everything, everything going. And that's, that's still mostly the case. You know, I have lowered costs, you know, a bit just because of like, so personnel and like, there's stuff like I've had projects that nobody has seen. And like, just today one of my friends came in and I told him, hey, can you sell these cars for me? Because like, I bought these projects and it's just 20 grand just sitting there and I, I have so much stuff right now backed up that there's no realistic way I'm ever going to get to this. And I, I bought this kind of sight unseen, you know, these cars that, that are like, oh yeah, I can put this together and get here. I'm like, ah, this is like a full restoration. I don't even know if it's going to do well. And then I know I have stuff that I do know it will do well. Why don't I just focus on that?
- [38:14]
Jack
You know, I got to say, a fresh start doesn't always come from changing goals. Sometimes it starts at home. When your space feels calm and comfortable. Everything else just feels easier. And a lot of times good sleep is A huge component of that.
- [38:27]
Graham
And that's exactly why we are so excited to be sponsored by Cozy Earth. Their mission is to turn the five to nine, which is arguably the most important time of your day, into the most comfortable part of your day.
- [38:37]
Jack
Cozy Earth is known for premium bedding and home essentials that elevate your entire space.
- [38:42]
Graham
Their Baja Bedding set is a complete matching collection with sheets, a duvet cover, a quilt and a coverlet all designed.
- [38:48]
Jack
Together inspired by the Baja California landscape. It is a clean resort style look with a reversible design that makes your bedroom feel instantly more put together.
- [38:56]
Graham
And upgrading your sheets is one of those changes you can make that you feel immediately in your sleep. And I can absolutely attest to this. Every single night I go into my bed with my Cozy Earth pillows, my Cozy Earth pillowcase, my Cozy Earth bedding, my Cozy Earth sheets, my coz comforter, everything. And it's so comfortable. I even got my mom Cozy Earth bedding for Christmas and she absolutely loves it. I highly recommend it. It is so incredible. Plus everything comes with a 100 night sleep trial and a 10 year warranty. So there's just no risk.
- [39:23]
Jack
Give your home the comfort it deserves. Head to cozyearth.comich and use the code ICH to get up to 20% off. And don't forget, if you get one of those post purchase surveys, make sure that you tell them you heard about it on Iced Coffee Hour. That would help us out a lot. I genuinely really. Bed sheets. Sleep on them every night and recommend them to friends and family. So thanks so much. Enjoy. What's been the most difficult car to rebuild?
- [39:48]
Freddie
The P1 for sure. The McLaren P1. Because again, the, it's not necessarily a rebuild. If it were a 100% OEM rebuild, like I was just getting every factory part and, and all that, it definitely would have been done by now and it wouldn't have been, I'm not going to say it wouldn't have been difficult, it would have been an experience, expensive. But it would have been, you know, possible. The thing that happened to me is that I saw an opportunity and it's like that opportunity mindset, you know, like what, what could be instead of having a P1 that, you know, wasn't a really bad flood and then I rebuilt it to, you know, whatever standard that is. Like what if I got together, you know, the best team I could and I used every single one of my resources and every single one of my network contacts to make, make the most iconic, like most, the, the most insane car I could, because I'm never going to get this. This opportunity again. So that, that's what got me into, like, well, now we're going to rebuild the engine to, to way more power and then that. Now we're going to, you know, do this and that and then work with the original designer, Frank Stephenson, to, you know, design an actual car, like a. A new version of this car specifically for my needs, which is something I never thought I would ever do. You know, this. This prolific, prolific designer. I have, you know, a bunch of his cars, the 430 and 675, like that. Like, I'm a big fan of his design work. And then, you know, I. I emailed him and he said, you know, I. Why don't I just design you a car? Which is. Which is nuts. So now, not only am I, you know, beholden to myself and my viewers, but now, like, this. This guy who is like my automotive idol title, is working with me, and now I have. I have to perform for. For him because I can't. I can't make him look bad. So it is a lot of pressure, and I think that is why. And it's also a lot of money and a lot of time.
- [41:44]
Graham
So I'm just gonna ask you a question, and I want the first gut response that you have to the question. Okay? So, no, no thinking, why don't you just finish the P1?
- [41:53]
Freddie
I haven't thought of that. I've never thought of that yet. You know, like, thanks for. Thanks for. It's.
- [41:59]
Graham
What's the gut. What's the gut saying?
- [42:01]
Freddie
The gut. Gut feeling is, oh, yeah, thanks. Yeah, thanks. So why haven't I finished the P1? Yes. Because it's hard because, well, the gut response is, what color is your Bugatti? Realistically, It's, It's. It's because let's say for a company like McLaren, like an actual car company that makes cars in a production line, they. They have to take years, years and years with hundreds of people and engineers and everything to make one of these cars, to design it. I am one guy. I'm a YouTuber. I make videos online for a living. And I don't have millions and millions of dollars. All I. All I can do is like, what happens in my head. Can I make that into reality? Probably, maybe. Who knows? And that's what I put on into. Into the car. So I'm not trying to hodgepodge anything together. I'm trying to do everything, you know, correctly. And I'm also trying to fix some of the issues that the car had in the first place. So that's why the P1 hasn't been like, finished. Because getting to that point is like the, the hardest thing ever. Like, solving all those problems takes time. Like, just to get a body on this car. Like, to make, to construct and design and test a body usually usually takes two to three years. Like, that's just on like the, the companies that I've talked to, they say like to make a prototype body in carbon fiber the way you want it, it would take two to three years and a few million bucks. I don't have either of those. I have to make YouTube videos. So when that happens, then I'm like, what can I do to expedite this process? What can I learn? Can I, can I learn, you know, how to 3D scan? Is there, is there, are there people that can expedite this process with like, their own CAD models? And they can, can they put that in and know how to, how does, how can I think outside the box and, and, and be on the cutting edge of this stuff so I can get the, the result I want without having to pay, you know, necessarily millions of dollars?
- [44:04]
Graham
So are you waiting on other experts to be able to come up with CAD files, come up with solutions for the car, and that's why you're working on other projects at the same time as working on the P1?
- [44:13]
Freddie
Correct.
- [44:13]
Graham
It's not like if you solely worked on the P1, you'd be able to complete it much quicker.
- [44:17]
Freddie
Yes, yes. It's, it's. So right now it's what, what I hate is, it's like if you get to a, like a movie set or, or some, some commercial, you know, shoot, and the, the term is hurry up and wait. So you have to get there, you know, and then you're like, all right, call time is 8 o' clock and it's 11 o', clock. And you're like, I haven't done anything. I've just sat in, in a chair for three hours. So it's, it's sort of like that. It. Right now it's in limbo because, and I'm not, I'm absolutely not blaming anybody. This is how long the process takes. And the people that I've, that I've worked with and, and I'm work. Am working with also very quick for their industries and they know everything about what they're, what they're doing. So I have, I have the utmost respect and trust in what they're doing. So. But when the process Goes away from what I can do. Like, I can't make carbon fiber panels. I can't, like, you know, 3D scan and 3D print. Like, I'd like to learn how to do all that. But realistically, for me to get to the level that they're at, it would take me another, you know, 10, 20 years. So I think I have to defer to those experts. And those people are, you know, they're testing this, this, this new body and then that, like, whenever we have to make changes, that has to go back to the designer, and then they have to design it in a way that still is true to their design, but also incorporates, like, things like, you know, you don't want the car to have lift at 250 miles an hour. You don't want it to, you know, to.
- [45:44]
Graham
You're basically redesigning a car.
- [45:45]
Jack
You're.
- [45:46]
Freddie
I'm redesigning every. Every aspect of the car.
- [45:48]
Jack
So what do you think is the current timeline to finish?
- [45:50]
Freddie
It is really interesting because current timeline to finish. I'd like to. To have the. The car done by SEMA of 2026, but I'm going to do it in phases. So I think, you know, finished is a. Is a very. It. It's hard to put a. A stamp on, like, okay, it's done because you can always modify things. You can always push the envelope. You know, let's say, you know, I get the body and the engine and everything done. Is the car finished? Well, like, well, it hasn't done the Speedrun yet. So what happens then? You know, what, what if it doesn't. What if it doesn't do it? Then I have to go kind of.
- [46:22]
Jack
Back to the drawing board, modify, do the Speedrun. Because I see some of these videos of cars, like in Thailand or the Philippines, where they just make a Bugatti and it looks 70% of the car. But I'm just saying that what they're.
- [46:35]
Freddie
Able to do is a lot.
- [46:37]
Jack
That's what they're able to do. Like, do you need to drive the car 250 miles an hour? Can you just make it look good to drive on the freeway at 100 miles an hour?
- [46:46]
Freddie
I could just put body panels on this car and then just make it run with whatever drivetrain and it'll make noise and it'll. It'll perform well. And that shouldn't. That wouldn't be long at all. The issue is because I want this car to be everything that, you know, my, My. My childhood brain dreamed of. I. I am holding myself to that you know, to, to those standards and goals. And I think if I, I like if some YouTuber made this car like me as just some, some dude and it not only became the fastest McLaren on the planet, but like it was redesigned by the original designer. And then like I, you know, everybody saw from when it, you know, got to the shop it with, you know, twigs in the, in the, in the vents and you know, 300 pounds of sand in it to this gleaming show car that now is, you know, a worldwide beater. I think that that's like a really big lofty goal. That, that's like. Okay, well now, now I, you know, I, I did that, that is my mark on car culture. And then what? It's funny because I'm not going to say I'm, you know, walking in these circles or, or anything like that, but the fact that people like, you know, mate R, who's the CEO of Bugatti, Rimac. R. It's not Rimac, it's R. Um, he, you know, I, I, I met up with him and he's, he's a really cool guy. And the fact that like I can text him, you know, and, and talk to him about this stuff and you know, like Christian Von Koenigsegg knows who I am like that, that, that is something that like Jay Leno, Jay Leno knows who I like. That is insane to me that that should not ever happen. So I want to make sure that like those people I do right by, like I'm not just some guy with dreams. And then like, oh yeah, I put an ls with, it's like here, here you go. It's YouTube done. You know, I think it's long term.
- [48:48]
Graham
Oriented is what you're doing. It's like you could do the short approach, take shortcuts and pump the videos out.
- [48:54]
Freddie
Yeah.
- [48:54]
Graham
But then again that wouldn't like build as much of a legacy maybe as being the guy that fully made. It's like.
- [49:00]
Freddie
Yeah, I, I, I think it's, it's, yeah, not only that, but the, the long term approach is, you know, I, I always think of things in terms of like, I think the timelines are going to be shorter than they actually are. And realistically I, I didn't think that I'd be on year three of this, but with the Scope creep and, and all that stuff with, with these projects, that's sort of where, where these things go. I don't know what people expect from like a, a, a hypercar rebuild, how long they think it should take, but I know that based on what other YouTubers are doing, they're like, oh, it should have been done by now. Realistically, that's like, there. So nobody's ever done this before. So there's no litmus test of like, how long is. Is too long. So I'm just going as fast as, you know, as fast as I can. But I'm also trying to make the best decisions for this build and, and the, you know, the, the channel and the car.
- [50:00]
Jack
Yeah. One of the things I'm really surprised about is when you're taking these cars Apart with the 918, you said they reuse a lot of the parts.
- [50:07]
Freddie
Yeah.
- [50:08]
Jack
And even though it seems like, oh, wow, this Porsche 918 part it, like from a Porsche Boxster.
- [50:13]
Freddie
Yeah.
- [50:13]
Jack
Could buy them on ebay. What's the cheapest part that you've seen in a car?
- [50:18]
Freddie
So, I mean, a Lamborghini Murcielago has like, side marker lights from like a Ford Focus. There's, you know, the, the Lamborghini Diablo has headlights from a 300 ZX Nissan. And the, the way, you way, you know, is on the Lamborghini, like at the, the top, I think I mentioned this to you, you know, before, but like, there's a little carbon fiber strip that they put there specifically because it covers up the Nissan Nissan logo. But stuff like, like on the 918, you can get the window switch for 20 bucks on, on ebay. And you know, there's, there's a company in China that just makes, you know, makes these switches, so things like that, you can, you can have like, lots of different, you know, switch gear or like the key fob or, you know, the rear wheel steering assembly. You can get that for a few hundred bucks on ebay. Lots of stuff that is like, available and readily available, available everywhere. I, I do love that, though.
- [51:18]
Graham
How is Lamborghini allowed to take a part off of a Nissan and slap it on their car?
- [51:22]
Freddie
So it is the, the way that they do it as, as far as I know is you just have suppliers, so you have suppliers and contracts. So let's say Lamborghini says to Nissan, hey, we'd really like to use your, your headlights for, for this. And I, I assume this is how it worked in the 90s. So Nissan goes, okay, well, how many units were. Do you need? And here's, you know, we'll have a contract with you. So if somebody comes into Lamborghini and says, you know, I need a headlight for this car, you know, you guys will supply it and Then we'll have a markup or, you know, blah, blah, blah. That's the way it is on like McLaren's like, what's, what's funny is McLaren, up until recently, McLaren really didn't make anything, like literally nothing. Everything was a, you know, part supplier thing. So the hydraulic lines and the coolant lines are made by a company called Burger Flex. The, the, the P1 body is made by Prodrive. The, the transmission is Graziano and then the engine is Ricardo. Like all these companies, they're just under contract to provide parts for McLaren. And then McLaren just bring in all the parts, put it together and then they go, haha, it's a McLaren, it's totally bespoke. Like, but other than the fact that it's not like the, the body control module is a pekton control module that you would see in a Tesla. You know, stuff like that. All the computers are Bosch. So the Bosch computers that you see in Ferraris and Volkswagens and like all that. So it, they, they use a, there's a lot of different suppliers that do have the, you know, hundreds of thousands of iterations of whatever this part is in other cars. So they go, actually we, we know how this part's going to perform, what the issue would be. And one reason why there's a difference between something like, you know, McLaren or, and Porsche between that and like a Koenigsegg is that Koenigsegg for the most, like the vast majority of their parts they make, they actually make in house. And the reason why I think Koenigsegg lately has been getting some flak in social media is because they cannot possibly have the man hours to test everything, like especially test everything long term. So what they do is, as far as I, as, as far as I've heard and I have seen is when they make a car, they do it to the best of their ability. And you know, they, they, they are really, you know, pioneering a lot of, a lot of cool engineering feats. They will sell you a car and then if the car has problems, they go, okay, well now we know that this car has a problem, we're going to go make an update to it or we'll fix it or, or whatever. But then that's like a little knowled for them. Yeah, so, so essentially a customer is a beta tester, which for better or worse, that's pro. Like, I, I, I wouldn't want that. But that, that's sort of the reality of owning one of these $2 million cars.
- [54:14]
Jack
Is there any car out there or a situation where the car is just unfixable?
- [54:19]
Freddie
No, depending on how expensive the car is. Now if a McLaren F1, which is $22 million, if that got in a fire and it was literally just ash, then obviously there's no car left. You know, it's, the car has turned into, you know, that, that, that burned off. But if, you know, if a car like a McLaren F1 or let's say a Ferrari 250 GTO, it's like $50 million. If that car got into a trash compactor and then just, just turned into a cube, you could still rebuild that, you know, like, because you, you would get a new chassis, a new new, like it, it becomes a ship of theseus at that point, but it's at, you know, the, the value, value becomes so high that it, that it can't, it's essentially unsalvageable. You can, you cannot damage it enough that, that you, it would lose all value. So yeah, other than like the car just not ex, like if exploded, you.
- [55:18]
Graham
Know, what about some randomly outrageously expensive parts? What are some, what are some parts that are just randomly extremely expensive?
- [55:27]
Freddie
So um, I'll, yeah, I'll give you an example with the 918 Spider. The engine is a 4.6 liter, naturally aspirated. It's like, it's derived from one of their race cars called the, called the RS Spider. And it is, it is basically a race engine. It makes 600 horsepower, revs, revs to nine grand. But if you take apart the internals of this, they're all very, very light. And the piston rings, like a set of piston rings for let's say an eight cylinder cylinder car would be a few hundred bucks, you know, for, for any, any regular car. So the piston rings basically they, they keep the seal on the, on the cylinder when the piston goes up and down. On a 918 Spider, each piston ring of which there are two on each piston and then there's eight of them. Each one is like $300. So you're like, you're looking at several thousand dollars and like the piston itself is like two grand. Whereas you know, you can get a good set of piston, like a good set of pistons that is, you know, custom made, made for two, two grand. So a lot of this stuff is because they're, you know, bespoke to this car. They only made it for this engine. It's a economy of scale thing. And then they're, they're coated with this special coating that they Contracted out to this one company in Switzerland, and then that has to get, you know, sent over and assembled by one guy in Stuttgart. So it's. There's a lot of that going on.
- [56:49]
Jack
How important is having good insurance?
- [56:52]
Freddie
Pretty. I mean, pretty important, depending on what you're talking about is it's if it's like car insurance or.
- [56:57]
Jack
Yeah, good car insurance because you're buying these cars where I'm. I expect they're getting these full payouts on them.
- [57:03]
Freddie
Yes. So good insurance. I mean, I don't know what the insurance situation is for the people that, you know, salvage these cars. I'm sure. I'm sure it's fine. I know the P1 owner got paid out pretty good. I think he has a. He got a Shiron later on, so I think he's fine. But for me, I was just talking about this with a friend the other day. Other than somebody hitting me or somebody suing me for something, like if I made a mistake, I wouldn't need insurance. If I crash this thing into a tree, I'm fixing it here. Like, I'm not. I'm never going to take this thing to it. Like, if. If some. If some guy dings my car in a parking lot. I'm not going through insurance. I'm not. Not like, it's just something I'm going to fix. I'll. I'll work out with, you know, with who, whatever, you know, whoever hit the car. And honestly, it's. It's not something that I think I would ever use. But you need. You need to have it. And I'd rather have, you know, all the limits and, and all the, you know, all these cars are fully covered and, you know, like, I don't want to be stuck, you know, stuck holding the bag when something does happen where I'm like, oh, I shouldn't have cheaped out on that.
- [58:15]
Graham
How much should the average man be able to fix. Fix a car? Like, what should they be able to do? Like, obvious, like people say, like the spark plugs, they say tires, oil. You know, I could change a tire.
- [58:26]
Jack
And I've done the.
- [58:27]
Graham
You've done wiper fluids?
- [58:29]
Jack
I've done wiper fluids. I've added oil to the car and I've added. Replaced.
- [58:34]
Graham
You've added oil?
- [58:34]
Jack
I've replaced the. What are the little fuses done that.
- [58:38]
Freddie
Welcome to the iced coffee hour. Red pill. This is. Yeah. How much should an average man know how to. How to work on a car?
- [58:47]
Graham
I. I think at what line should they go to a mechanic?
- [58:50]
Freddie
You Know, I think they should understand their own limits. They should understand when. Cuz I, I'm, I'm not one of these guys that say like, well, you got to figure it out. And you know, you never want to ask for directions or you know, because you're macho man or blah blah. I think if you are confident in doing something or like if you watch a YouTube video and you are empowered by that, if you watch a Chris Fix video and you're like, hey, actually I could change, you know, my differential oil or my clutch or something like that, then I think you should go for it. Because even if you don't do it, even if you don't, don't finish it or whatever, you've still tried something that you like, you've gotten out of your comfort zone. I think the ability for a person to, to, to work on a car only comes from them being able to say, I don't know how that works, but I'm gonna figure it out.
- [59:40]
Graham
But what, what like if we're gonna.
- [59:42]
Freddie
Like a baseline, if we're gonna get like the ranch.
- [59:45]
Jack
Yeah.
- [59:45]
Graham
Like what's called manahire to do.
- [59:46]
Freddie
So change a tire. It's, it's. Change a tire is 100%. 100%. Because if you don't know how to change a tire and then your wife or girlfriend or your partner don't know how to change tire, if she calls.
- [60:00]
Graham
You, hey, can you change a tire? You're like, I'm a little busy right now. She's like, I know you're not.
- [60:04]
Freddie
Yeah.
- [60:04]
Graham
You're like, oh, you know, I'll send someone over. She's like, please come help me.
- [60:07]
Freddie
The only saving grace is that a lot of new cars now don't have spare tires. So you'd have to call AAA anyway or you'd have to like there's, there's a lot of ways out of it. I think at the very least change a tire. Make sure you have good tire pressure, things, things like that. I don't think you need to go and do spark plugs or like your own oil changes. It would be good to do that. But like things like, well, I'm going to go warm up the car and make sure the battery's not dead. You know, like how to jump a car, things like that. Like jump a car from another car without, you know, destroying your electrical system. You know, red to red, black to black.
- [60:44]
Graham
Should every man know how to drive manual?
- [60:45]
Freddie
Yes, I think so. I think it is. It's, it's not that it's a manly thing to do. I, I just think that it is a, it is a skill that is easier than you think to learn and you never know when you'll need it. And also in today's like, society, if you get to a point where, let's say you go to a different country and then you, you have a, a car that you're renting and you're like, oh, I didn't know was manual, it's no problem. Not, not a problem. And then you, you just feel like, okay, I'm glad I learned that. And I, this also goes for women in terms of like manual because like turns out, pressing pedals and shifting gears is not just a man thing. Like, you can, like, women can also do this. So I think driving manual is a, is a, is a really good, you know, skill to have. But as far as, as far as a man, whatever goes into the sort of ethos of, of like providing, you know, like, like providing or protecting. If you are, if your car is in a vulnerable spot, like if your tire blows and common issues, yeah, you're, you're on the side of the road. Let's say your, your wife is on the side of the road. You don't want her on the side of the road. So you're going to go out and you're going to be the person that protects her from this vulnerability. You know, you'll go out and, and you know, you don't want, you also don't want to change stuff on the side the of road, but it's better you than her, you know, So I, I think, I think that's probably it. But there's no like, line where it's like, well, you change fuses. Well, how about, how about the fusible links? H. How about that? You know, you, you whatever you feel comfortable with and if you feel emboldened to go more like, hey, maybe I'm gonna, you know, change out a seat or like, maybe change out some buttons on my, on my center console or maybe I want to paint this or whatever, go for it. I, I think just having that ability and want to problem solve and be out of your comfor. And then when you actually get it done, you're like, that felt pretty good. I think that's, that's a, that's a thing that I would like more men to have.
- [62:45]
Jack
Running a business means there's constantly paperwork to be done in the background, payroll forms, onboarding, things that just quietly eat into your time when you could be focusing on getting real work done.
- [62:57]
Graham
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- [63:07]
Jack
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- [63:19]
Graham
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- [63:33]
Jack
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- [63:42]
Graham
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- [63:51]
Jack
It's also really easy to switch and you don't pay anything until you run your first payroll.
- [63:55]
Graham
So try gusto today@gusto.com ICED and get three months for free when you run your first payroll. Once again, that is three months of.
- [64:02]
Jack
Free payroll@gusto.com ICed one more more time gusto.com ICed now when Jack and I first started the Iced coffee hour, we didn't wait for the perfect time to start. We just went ahead and did it. So if you're finally thinking or saying to yourself that this is the year you're going to make things happen, our sponsor, Shopify, is the best way to get moving.
- [64:23]
Graham
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- [64:33]
Jack
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Graham
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Jack
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- [65:00]
Graham
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- [65:15]
Jack
So sign up for your $1 a month trial and start selling today at shopify.comich again that is shopify.comich or click the link down below in the description to get started today. Enjoy. What's your overall take on the hypercar market right now? Because it seems like we got Stradman selling his Koenigsegg. We got TJR trying to sell, sell his Koenigsegg.
- [65:38]
Graham
He's trying to sell it. Yeah, he's trying to sell his Koenigsegg.
- [65:41]
Freddie
Yes. Don't buy Koenigsegg. I don't, I don't know. I don't know. I, I have no stake in Koenigsegg at all. Realistically, the hypercar market is, it's so interesting because back like back 20 years ago, the only hypercar you can really get was the Bugatti Veyron. And that was the biggest deal in the world. It was a million dollars, like a million doll car that is CRA A. It does 250 something miles an hour. It is the craziest, fastest, whatever. And now the new million mark is now 2 million. Every new hypercar, the Ferrari F80, the McLaren W1, like they're all 2 1/2 million dollar cars. There have been countless hypercar manufacturers that come out of the woodwork. Like I was invited to Italy this year where a, a hypercar manufacturer brought out this new 2000 horsepower V12 quad turbo, you know, blah, blah, blah. How much does it cost? Two and a half mil. Everybody is around that price point because I think there's so many people that want to be like they, they know that they can sell a car like weirdly quickly because there's so many people with a ton of cash. If you go to like a Pagani or a, or a, you know, con execs are still like 2 to 3 mil, but like a Pagani, they could charge you 9, $10 million. And it's, it's sort of based on how much, how much you make. Like, you know, how much does this car cost? And they go like, well I don't know, what, what's your bank account?
- [67:10]
Jack
What do you have?
- [67:10]
Freddie
Yeah, what do you, what do you got, you know how much cost. Yeah, turn, turn out your pockets. Tell me. I think that there's, there's still levels to this. So, like, if you have a hypercar market where it's like, well, you have the, the Porsche 918 and then you have the McLaren P1, those like 2 mil, and then you have, you know, the Pagani is at, you know, five to seven, and then you have like the, the Gordon Murray, the new S1LM that just, you know, one of the, it wasn. Even the, the car doesn't exist yet. It's just like the build slot for that went for $22 million. So like, there are people that are buying and paying for this stuff, which is nuts. I think there's, after a while you're going to see, you know, the, the wheat separate from the chaff. It's, you're, you're going to see the cars that truly appreciate and people, you know, like them for what they are. And then other cars are just going to be like, well, these didn't go anywhere and these are just kind of flash in the pans. And even if they spend $2 million on them, they're not, they're not worth it now and they don't have any support because the company went under or whatever.
- [68:14]
Graham
How much money should you have to comfortably buy a Lamborghini?
- [68:17]
Freddie
That's a good question. What depends on the Lamborghini? Because if you have like the cheapest Lamborghini you can get right now is probably a early Gallardo and that, that car in good shape is probably between 80 and 120. 80 grand and 120. 20 grand, I think. I mean, I don't. You're the finance guy. So you can tell me what percentage of, you know, your net worth or your income you should, you should spend on this. But like, you should never treat cars, especially cars like that, as investments. I think you should treat them as toys. And you should understand that these are, they're not, they're emotional purchases. Whether or not you can make money on the other end, that's fine. Like, you can, it's possible that you can buy this low and sell high. I don't think that should be the point of it because then that gets in the way of you actually enjoying the thing. You know, I'm a, I'm a big fan of the Jane Birkin philosophy where, you know, you have this really high end bag that's made really well and it's expensive, but you abuse it. Like you just use every inch of it. And, you know, it'll have scratches and whatever, but it's, that's what it's there for. You know, if you have a car that is, you know, like these, but they have 100,000 miles on them and they have, you know, road rash or whatever, but, like, you use them and they do everything that, like, you're getting the enjoyment out of it every single day. I think that's like a way better proposition than you're like, well, I, I had it for six months, and I made $5,000, and I, like, I drove it three times. Like, wow, cool. Awesome. You know, I, I, I feel like it's, you have to have, like, the reason why you have all of this. It's, it's because it's like a roller coaster that you own. And if you, if you told somebody that you owned a roller coaster, but then at the, you know, like in a year year, you'd be like, oh, yeah, I've only ridden it three times. Like, why? Why? Oh, yeah. Well, I mean, it's the bearings and the stuff, you know, it just, it takes a lot of, A lot of energy to run it and whatever. Like, I would be right. I'd be on that every single day. What. Why, why are you doing that?
- [70:17]
Graham
How many miles have you driven your Ford GT300 in how many years?
- [70:22]
Jack
Five years.
- [70:24]
Freddie
You should drive your car more. You should drive your car more. So, okay, now I'm going to pose a question to you. What, what are you, what are you worried about there?
- [70:31]
Jack
The car has become so valuable, and the values are rising so quick. I don't want to hit 10,000 miles on the car, and I'm at 7,700, and I know hitting the barriers of like 8 to 9 to 10. When you hit 10, you take about a 15% drop in value consistently. Yeah, but on a $500,000 car, that's a lot of money to lose just for going, like, from 8 to 10. So I'm going to keep it probably in the eights, but I drive it down just to put miles in the car, to keep it going, to keep the fluids going, to keep everything in good condition to, to, you know, move the tires around. I do that. I do a little loop, fill it up, drive it right back. And I'm really nervous driving the car because it's worth so much money.
- [71:16]
Freddie
Okay, no, so I, so I understand that. And it's not, you know, it's not without merit. Why did you get the car in the first place?
- [71:23]
Jack
Investment.
- [71:24]
Freddie
Okay, so, so if you Treat it as an investment vehicle. Sure. 100%. I, I totally get, get that. I, I guess the difference between, you know, my philosophy and yours is that like I wouldn't buy a car as an investment. I think I buy, I buy them as, as a story. And also because I buy these cars and like in, I, I don't care what condition they're in. Like the higher the miles, the better to me because I know that I can get into this car and this experience really low. If I ever get a car that's like super, super low mileage and like, oh, this is a cherry cream puff and you know, it's never been farted in and whatever. Like, I, I think the only thing I can do to that car is make it worse. I drive that car 500ft. It's now worse than it was. You know, it's now worth less because, you know, if you, if you look at that mindset, you know, if you have less than 10,000 miles, 10,000 miles isn't a magic number. It's just like one more digit. Right. It's, there's no, it's an arbitrary thing. So why don't you keep it less than, you know, what is it, 7,000 miles now?
- [72:27]
Jack
Yeah, but that's a psychological point where a lot of buyers.
- [72:29]
Freddie
Correct.
- [72:30]
Jack
See that.
- [72:30]
Freddie
Yes.
- [72:31]
Jack
Is like 9,800 seems like a lot less than 10,000.
- [72:36]
Freddie
Correct, correct. I mean, it's, it's the psychological point where that's why you go 999 instead of, instead of 10. However, I feel like if you cross that barrier to 10,000 and you go, you know what, I'm going to take the hit and I'm going to enjoy the hell out of this car, then the, the ability for you to enjoy the car increases exponentially. So you go from 10,000 because you know, realistically, a buy isn't going to have a difference between a 10,000 mile car and a 25,000 mile car. So now you can enjoy this car for 15,000 more miles. It's not like you're enjoying the car for 3,000 more miles. And then, you know, you have to take a 15% hit. Like now you can drive the car for 20, 20,000 miles. That's a lot of experiences. So like, is that worth that? Is that worth it for you? Or why don't you cash out of that car? Like sell it. Because if you're, if you're just maintaining it, cash out of that car and then buy a car with some miles on it where you're like you know what? This is already. You know, somebody's already.
- [73:39]
Jack
I already have two other cars like that.
- [73:41]
Graham
Okay, that's a good point. He could buy a 4 GT with like 11,000 miles or 15,000 miles and actually 30,000 miles and drive it around and it will probably appreciate maybe at a similar amount and you can actually have that spread and put it in.
- [73:53]
Jack
I already got a great car, man. It's pristine. I already, I got, I got it sort. I know everything about the car. It's perfect.
- [74:00]
Freddie
Well, well, listen, it all depends on what you. Because again, some people buy cars as investment vehicles, and that's totally fine. Some people buy them as art. Some people just want to look at them in their. In their garage. That's also totally fine. I'm not. There's no right or wrong way to do this, but I think just for me and my, you know, sensibilities, I like to have experiences and then drive them. And it doesn't matter what, like, the higher miles, the better.
- [74:25]
Graham
You said there's no right or wrong way. What do you think about Whistle and Diesel's way of driving cars?
- [74:30]
Freddie
Well, Whistle, I mean, I think we touched on this in the last one as well. And, you know, since then it's. It's gotten, you know, it's only, it's only ramped up from there. I really, you know, I, I have so much respect for Cody. I have so much respect for Whist and Diesel because it is entertainment that you can't get anywhere else. It is a, A, A type of content that, you know, hits on it. It. It almost circumvents your reason, centers in your brain where it has that uga booga brain, like o expensive thing, and he's destroying it. And this is just kind of like. It seems like wanton destruction, but it's not. I know for a fact that when the cameras are off, he is like, he, he legitimately cares about the people in his videos. He's trying to make things like he wants to make them as safe as possible. And he, he like, writes out storylines and he's very particular about his editing and he's very particular about, like, how he puts videos out and how he wants to be portrayed. So he is like a really smart guy. I know he's ruffled some feathers because of the type of content that he does, but sometimes, like, listen, if he wants to take a Ferrari F8 and, you know, do some donuts in a. In a dry field and then it burns down because, like, whoopsie, then that's just, you know, that that's, that's part of his content. He makes money from it and that's part of his, you know, rep repertoire.
- [75:58]
Graham
Now what are your thoughts on whistling Diesel getting arrested?
- [76:01]
Freddie
That was so whistle and Diesel getting arrested was pretty clearly, pretty clearly somebody wanted to make an example out of him. There is no reason or there's no reality in, in which a state government entity would not just send you a letter like they should send you. Like if you're especially over $30,000, 30 grand over one car. Like it makes, it makes no sense to me why they would have like eight people come onto his property and then arrest him and they go what for tax evasion?
- [76:40]
Jack
Eight people?
- [76:40]
Freddie
Yeah, yeah. And like they walked onto this property. They didn't, they didn't call them, they, they didn't say, hey, we want to give you the, the ability to turn yourself in. They wanted to make a spectacle out of this. They wanted this to be a thing. I think that he, somebody high up didn't like him. I think somebody high up got their feathers ruffled or maybe somebody was calling into the city or the state or, or just, you know, somebody was very, very angry and they, they were like, how can we get this guy? How can we, you know, make this guy's life, you know, hell? And they didn't know what 10 million people behind one guy looks like. So I, I really think that they, I think they screwed up. I think think the, like this could have been. It's, it's one of those things that like could have been solved in an email. You know, like it's, it's.
- [77:27]
Jack
Here's my thought though. I actually think the opposite of it. I think they were using him as an example to close that Montana LLC loophole. I think that's the only thing they wanted.
- [77:39]
Graham
Explain the Montana LLC loophole.
- [77:41]
Jack
So Montana does not have sales tax. So when you go and buy a car and let's just say California, they charge you a sales tax on the price of the vehicle. You spent a hundred thousand dollars, they charge you a 9% sales at $9,000. So what a lot of people would do is they'll go and buy a million dollar car and Instead of paying $100,000 to the state, they spend $99 on a Montana LLC. They register the car to the Montana LLC. The LLC owns the car and you don't have to pay the sales tax on it. That's tax avoidance or tax evasion.
- [78:16]
Freddie
Well, avoidance and evasion is really different. Yeah, avoidance, avoidance is legal.
- [78:20]
Jack
Yeah, well, evasion is not you, that's tax evasion because you're driving and operating the car in the state.
- [78:26]
Freddie
Correct.
- [78:27]
Jack
My understanding is that Tennessee really just wanted to see this loophole go away, and they wanted to instill fear in people that if they register their cars in Montana, they could get arrested.
- [78:39]
Freddie
Get arrested.
- [78:39]
Jack
And I think Cody played into that perfectly because now they see his mugshot, he makes a video about it, everyone knows about it. And if you're on the fence about, like, should I start a Montana llc? You're going to think, oh, I don't want to be like, Cody. I don't want to get arrested.
- [78:53]
Freddie
Right.
- [78:54]
Jack
Cracking down on this. I don't want that to be me. Yeah, they're not going to do it. They're going to pay the extra $30,000. So I think if they just sent a letter, Cody would have paid it and no one would know. But this is the best marketing for them to shut down the Montana LLCs, because even in California, I guarantee people there see Cody and they say, well, I don't want to mess with that, just in case.
- [79:15]
Freddie
Well, so I, I, I see that, I see that side of things. How, however, the amount of money that they would earn from this, I, I don't know how many hypercar owners there are in Tennessee. I can't imagine that there are a lot. I, I feel like the people that have the kind of money that can have mobility and like, let's say, you know, you have Paganis and Koenigseggs, and they're already registered in Montana. I, I don't think it's going to be like that big of a game changer. There's not a ton of people with like, regular cars that are going to Montana llc. You know, this is not something that is scalable. This is like 10 people, you know, like, not like, relatively right. This is, we're talking about a small percentage of, of people that they could just talk to, like, individually. They can just say, like, you can obviously write a letter to these people and then just say, hey, you, you know, you owe this much and blah, blah, blah, and, and then that's it. Like, I think writing a letter or whatever, instead of making this public spectacle, it, it does them a disservice because what happens to Cody is Cody is also very resistant to this. So he's now instilling, you know, like, if people are already on the fence, they're like, I don't know if I'm do this. And Cody's like, they don't have a leg to stand on. Like, I'm. Like, I'm the worst person to. To do this to, because I. I am petty. And I'm gonna, you know, I'm gonna fight this until I have no more money left. You know, like, I'm gonna fight this and, and make it into this. This crazy circus. And I don't think they're ready for that. I think if they just wanted money, they could have sent letters to everybody and it could have sent stern letters and been like, hey, so we know what you're doing, and you could get, you know, we could arrest you. And then that. That's it.
- [81:14]
Jack
I think they're just going to offer to settle and say, hey, we're going to drop the case. Pay us the 30 grand and we'll go away. That's what I think is probably going to happen. Or they're going to say, or we fight this for years. We're going to use every resource possible. And it's a 50, 50. If he wants to spend potentially hundreds of thousands of dollars on that case.
- [81:33]
Freddie
He could do it because he. So what YouTube allows you to do is monetize your misery. I mean, this, this is. If it's an honest, ongoing case, this is a story that people aren't going to let go. He. The first video that he made on this is just him sitting at a desk, and it got, you know, like 5 million views. So this is something that is clearly profitable for him. He didn't have to, you know, but.
- [81:54]
Jack
The state wants that, too. They want more publicity of, look how difficult we're making his life. Don't do this. And I think the more publicity he feeds it, the more it feeds into what they want, which is just more publicity around not using a Montana llc.
- [82:07]
Freddie
The issue is that they don't control the narrative. He does, so he can say whatever he wants. And the reason why he has 10 million subscribers, 10 million followers is because he's really good at influencing opinion, whether. Whether it's, you know, negative or positive. And there's so many comments on his video saying, oh, this is the state of Tennessee durability test. You know, like, oh, we're going to. We're going to see where this goes. You know, I think people are ready for that, and I think people want to see that. I don't think this is a, like, for most people, for those 10 million subscribers, most of those people aren't owning Ferraris, and then they're. They're using some tax loophole to. To, you know, go to Montana. There are, there are also other loopholes that you can use that, that isn't Montana that are like less well known. But realistically, I don't see that this is like a gigantic issue and especially not one that the state is willing to expend millions and millions of dollars. They would be into that millions and millions of dollars. So like, so now, like if they want to make an example out of them, like now it's going to cost them. Now it's going to cost them time and money because that costs them money. They have a budget. They don't have unlimited money to do this. But Cody has the ability to essentially make unlimited content from this. You know, he made that tax evasion T shirt. He made a carbon fiber cowboy hat that one of my friends made. And you know, the, those were going for 2,500, $2,600, you know, and, and those, those sold out. Like it is, it is crazy that, you know, you're trying to not necessarily extort, but you're trying to get money out of this guy who otherwise would have just paid the money. Like he, I, I guarantee you if they went to Cody and said, hey, this is a, this is an issue or whatever.
- [83:59]
Jack
But again, I don't think that's their goal. I don't think their goal is money. I think it's to make an example.
- [84:03]
Graham
Either way, it may have been a misstep because he's just going to fight it. He'll have unlimited money and he'll be able to set the narrative.
- [84:08]
Jack
I think they were hoping he would make content. I think it's dissuade people.
- [84:11]
Graham
But I think he will be able to set the narrative. That's the only thing he's, he's got.
- [84:14]
Jack
A 10 million narrative I think is already set. Even if he wins, people just think, I don't want to go up against that. I don't want to do the same thing.
- [84:20]
Freddie
I, I think the ROI doesn't make any sense for the state. The ROI has, It does not make any sense for the state. And I think they miscalculated. Maybe they're working idea how to, how to, how to.
- [84:32]
Jack
Maybe they are working with other states though.
- [84:34]
Freddie
Yeah, but anyways, that's just what I think.
- [84:36]
Jack
But speaking of all the cars that Whistle and Diesel buys, what do you think is the perfect car collection for $100,000 and for a million dollars?
- [84:45]
Freddie
It all depends on what you want. But let's see, for $100,000 you could. I think the answer is always going to Be some sort of Porsche. So if you got like a Porsche Boxster S for like buy it used for or like a Cayman, Cayman S, you could do that for 30 grand. 30, 40 grand. And then you can get something that's you know, pretty practical. So you can probably get like a, like a Tesla, you know, Model S that is otherwise boring but also you know, kind of fast and does everything you need it to do. And then like you can buy one of those for 25. So then you'd have some money left over for something kind of off the wall. So maybe like a, like a true toy toy. And I don't know like it's, it's really hard because $100,000 is not what it once was. You know. Now you can spend that on like three quarters of a truck. So 100 grand, it would all have to be in used car market. I would buy a Japanese 90s like icon, something like a you know, Integra Type R or something like that where it is an experience you can no longer get. And you can get those for like 20 grand. So it would, it would be something a little bit older. Not just older in terms of like my own nostalgia because 90s is, you know, holds a special value to me. And then you'd have a sports car, maybe a Porsche, you know, Boxer. If you can get into a 911, like an older 911 11, that would be great. That's something that's still practical but has, has some sporty feel. And then you have like a family grocery getter like a Tesla or if you want to do a, a gas powered something then I don't know, maybe a charger. Not, not a charger because you wouldn't be going to you know, donut competitions. I think maybe. Yeah, I, I think, I think an EV. Yeah, an EV would be, would be great. So that's $100,000.
- [86:53]
Jack
Okay, what about for a million dollars?
- [86:55]
Freddie
For a million dollars that, that becomes more interesting but also a little bit harder because you can't get like the, the hypercar stuff unless you get like a really ratty one. But if you want the best, the best of all worlds, 911 GT3. I would get one of those for 250 GT3. Manual. It is the best manual car I have ever driven. It's not even close. Then I would get a McLaren. Whether it's a 675, you can probably find, find them for like 225 or McLaren 720. McLaren 720 can get it for about 225 to 230. So let's say you're half a mil into it and you saw $500,000 left over. Then I would have a something four door. So let's say like a Mercedes S class or like an Audi RS6 or something like that. That's another 150. So you have like 350 left over. And then you know if I, if I were you then I'd be like well I put that into, into some real estate and then just wait for my money to, to double in seven years. But I think if you had another 350 then it's whatever you know, whatever you want from, for me I would probably do like a Nissan R34 GTR, you know, Skyline. So that's another like a good One is a 150 grand and then like a Toyota Supra and you know something that hits on those like childhood dreams in your head. And I think that would be a pretty, pretty good garage for, for a million dollars. You'd have a little bit of money left over but figure like tires and parts and.
- [88:31]
Jack
Yeah, what I really wanted is the 300 SL replicas. Have you seen some of these? They look so unbelievably good. But they're selling now for like $300,000 for like a one to one rep a car.
- [88:45]
Freddie
So one of my friends was selling them what was selling them. It was sold one on bring a trailer.
- [88:51]
Jack
Yeah.
- [88:51]
Freddie
And yeah, it was like 300 grand. It's crazy. So it's on like a newer chassis but they are very close there. There are some telltale signs of like. Well they don't have this hole in the bottom of the bumper because that's where you put the jack handle and blah blah blah. But a real SL, I mean Tyler Hoover just bought, bought a SL gullwing. And those are $2 million, you know. So for you to get a car that is 15% of the price, that's not a bad deal. However, you're still buying like a SLK230 that's $5,500 all day long with a body kit. So you have to contend with that. It is well done. And like I don't know, maybe there's this, this, this is a difference between me and you because like it's in a philosophy sense because I don't like the fake cars. Like I, because it, it, it screams to me like this is I, I'm trying to fool somebody else into thinking like it's a, it's A fake handbag or whatever. Even if it looks really, really convincing, it's, it's fine. But like, I'm still trying to put out into the world that I have this possession, possession that is not legitimate. Now if, if you're looking for the actual experience of an sl, you're not going to get it in that replica because it's a modern car. It's a modern car and it's not like a tube chassis with a inline six and you know, blah, blah, blah. What I would do. There are companies that make like accurate replicas. There's a Bugatti type 57 or something like that, like this pre war Bugatti and, and it is like 98% accurate to like this company makes every single part. They do it exactly the way that they would have done it back in the day. The car needs to start the way that, you know, it has, has a little handle in the front and, but it's, it's new. It's like all the parts are new, but it looks like a Bugatti made a hundred years ago. And it still is a replica, but it's, it's, it's been ordained by Bugatti.
- [90:58]
Jack
Yeah, it's a continuation.
- [90:59]
Freddie
Yeah, but those are 200 grand, but the real ones are millions of dollars. So I feel like you can get the, you know, not only is this like more or less like an actual Bugatti for 200 grand, but you're getting the exact experience that that, that guy in the million, you know, two, $3 million car would get with his car. And that's, that's the only contention, like if you're getting the exact same experience for 10%, go for it. If you're not and it's just like, well, it's a thin van ear of like kind of looks like an SL or kind of looks like a Diablo, but it's actually a Fiero with 130 horsepower. Like, these two things are not the same.
- [91:38]
Jack
What about salvage cars? I look Facebook all the time and I see these great deals and I click on it. It's a salvage.
- [91:45]
Freddie
So unless you are willing to go above your current, you know, mechanical knowledge of, you know, doing an oil change or, or, you know, whatever that is. Like, you have to know what you're looking at. There's a lot of people that, that think that you can get a deal on something because, oh, expensive thing, cheap now. And I want to like, I'm going to get one over on the man by buying this. Meanwhile, in order to actually do things properly and fix this properly, it's going to cost you way more than it would have to to actually just buy a used one. So I would be like buyer beware on, on salvage cars unless you know a lot of things about that particular model. So there are cars that are like good deals. Like let's say if you have like an older Porsche and it has maybe some body damage, but you know that those cars are like steel cars and steel can be, you know, brought back or you can buy these panels like relatively cheaply. That's different from like say a newer Porsche where everything's aluminum and you can't, you can't, you can't pull it like you can with an older one. You have to put it on a, a frame machine and then basically cut out everything, repl the aluminum because you, it, it just won't conform the way steel would.
- [93:02]
Graham
What about mileage? I know this is a very context dependent decision, but generally speaking, what mileage should you look under?
- [93:08]
Freddie
I don't care about mileage. It's, it's like, it's so, so this is the car version of does body count matter? Like it is, it is really like, well, how many owners does it have?
- [93:18]
Jack
It.
- [93:18]
Freddie
I don't care. Like I, I think you can have a car that has a million miles on it, but it's still in good, good running condition. You can have a car that has 300 miles that is barely running.
- [93:28]
Graham
What's the highest mileage car you've ever seen?
- [93:30]
Freddie
Well, I mean I have the, I have Matt Farah's million mile Lexus. We have a Lexus LS400 with a million miles on it.
- [93:35]
Graham
How's it running?
- [93:36]
Freddie
Great. It, it, it runs great. I mean it leaks a little bit, but other than that it's a Lexus. So it literally will run forever. It's a V8 automatic. It's, I mean it's, it's not a spring chicken, but it does have like everything on the interior works, all the, you know, the ra, the air conditioning, all that's fine. You know, you can, it's fairly comfortable. It's, it's a supple ride, the leather's good, all that.
- [94:02]
Graham
How much could you sell it for?
- [94:03]
Freddie
I bought it for a dollar. So I mean like ROI is really good. You know, like even if I sold it for five, that's something.
- [94:08]
Graham
That's 500 products better than any investment you've made.
- [94:10]
Jack
Yeah. Buy a dollar car.
- [94:12]
Freddie
If I, if I sold it for a thousand dollars, that'd be a Thousand percent. Oh, no, it'd be a thousand times.
- [94:17]
Graham
A thousand X. Yeah. And if you just did that over and over and over again, oh my.
- [94:20]
Freddie
God, I'd be, I'd be, be, I'd be loaded.
- [94:22]
Jack
What car brand would you refuse to buy?
- [94:25]
Freddie
Koenigsegg? No, I, I don't think I'd refuse to buy anything. I, I, I, I want to learn more about every car brand I can because I want to see the engineering solutions. I want to see how these companies solve problems. And it's really interesting seeing how different countries and, and different companies solve problems. Like the British solve, solve them in a very specific way and the, the Germans solve them in a very specific way and the Japanese solve like. So it's everything just adds to like my knowledge and understanding of, of how, how engineering works and how different people's brains work. But there's no car that I would be like, oh, I'm never buying a car from that manufacturer because if, if there's a manufacturer that makes really, really bad cars, then that's just an opportunity to like, make them better. If you care about that platform. Like, let's say if I, you know, McLaren's like, if, if McLaren, like McLaren has some reliability issues and, but I really like driving them. So I wouldn't say, I wouldn't buy, buy a McLaren because they're unreliable. I would just buy one and then find out how it works and fix what doesn't work.
- [95:31]
Jack
You know, I'm always so tempted. On Facebook, I saw one, it was a 2006 Bentley Flying Spur and it had like 70,000 miles, $18,000.
- [95:42]
Freddie
I amend my statement. I would not buy a Bentley.
- [95:45]
Graham
Why is that?
- [95:45]
Freddie
I so that, so a Bentley Flying Spur or a Bentley Continental GT. I did have a 06 and it was the most hateful, wrenching experience I've ever had in order to fix one of those cars. It had a very specific issue. The, the early ones, flying Spurs, I believe, had this as well. The early ones. So it is a giant W12 with twin turbos. There's no room in that engine bay for anything like you have like it, it is a very cramped engine bay. So there are these vacuum lines, these little 35 cent vacuum hoses that go on the back of the engine like along the transmission and they are inaccessible and they will crack because it's a really hot engine bay. There's a lot of heat cycles. Over time those vacuum hoses crack, give you a check engine light. The car's not going to run right. It's like an emissions thing. And in order to get to those lines, the engine, engine has to come out a 35 cent hose. You can, on any other car, you can put that hose anywhere and then just, oh, this hose cracked. Boom. You know, it's five minute, five minute deal. This is a 30 plus hour ordeal. And while you're at, while you're there, why not change things like the starter? Because those, those go and it's really inaccessible. There's like, there's a bunch of stuff that, that you have to do while the engine's out. And then while you're pulling it out, all the fittings and hoses, they're all brittle so they break. So you gotta replace those and the same thing for the cooling system and it's just, it's just a nightmare. So I would not recommend that car, even though I do like Bentley's. Like the later ones, the V8s and like, they're super, super cool. But like the early W12 Bentleys, unless you like really hate yourself, like really hate yourself and want to get dirty and have a car that isn't really that fun to drive, it feels really heavy. Then, you know, I, I would just stay away from that car.
- [97:36]
Graham
All right, what's your first gut response to these next couple questions? Okay, what's the worst car of all time? What's the image that comes to your mind?
- [97:46]
Freddie
I want to say you go GV, but that's not true. But yeah, you, you go GV. It's this, this car made in the late 80s and early 90s from Yugoslavia. Country doesn't exist anymore. And it was sold here. Actually it was brought to the States by a guy that brought Subaru to the, to the States as well. And his name was Malcolm Bricklin. And yeah, it's, it was just sold for like 39.95 and it was just hateful and, and just didn't drive well. And yeah, they were, they were pretty crappy.
- [98:21]
Graham
The best car of all time.
- [98:22]
Freddie
McLaren F1.
- [98:23]
Graham
And it's not even, that was, that was. See, that was a true gut respect response right there.
- [98:27]
Freddie
Yeah.
- [98:27]
Graham
Which car YouTuber is the worst with money?
- [98:31]
Freddie
Without a doubt. When, when Doug demuro said, I'm worried about Freddie.
- [98:36]
Jack
Yeah.
- [98:37]
Freddie
I'm like, I was, what's crazy? What's really crazy is when, when you're, you know, watching podcasts and then Doug Demiro says like, hey, I'm worried about you. And I'm like, oh God. Oh my God. Yeah, the, the worst with money. I, I don't know what anybody else's financials are, but I, I have to.
- [98:55]
Graham
Assume it's me who's the best with money.
- [98:59]
Freddie
Graham.
- [99:00]
Jack
No. A car YouTuber.
- [99:02]
Graham
Oh, yeah? Which car YouTuber?
- [99:02]
Freddie
You're not a car YouTuber. No, you wouldn't, you don't consider yourself a car. You have, you have cool cars. Okay.
- [99:08]
Jack
Stradman, the best with money.
- [99:10]
Graham
Yeah.
- [99:11]
Jack
More than Doug Demiro.
- [99:12]
Graham
Doug Demiro?
- [99:14]
Jack
Yes.
- [99:14]
Freddie
No, no, no, no. Doug's very specific with money, but he can be pretty frivolous. He'll, he'll buy, he'll buy some, some car that he considers cool. And, and then that's like. I think I, I don't think Doug Demuro. I, I'm, I'm, I'm glad. I'm, I think he's totally fine with money. I think he's. Is great. I think Stradman has monetized himself in such a way that he can afford hypercars and an incredible house and an incredible lifestyle, and he's opening up pizza places and there's like upward mobility there. Doug, I think, put all his eggs in one basket and it, and it, it did pan out for him very, very well. But he said it himself. He's like, well, I don't know. Do this again. I'm sure he can. I, I have a lot of faith in Doug and I know he, he's very calculated with his decisions, but I, I feel like Stradman's probably like, in terms of growth and roi. I think he's probably better.
- [100:07]
Graham
If you could only own one car for the rest of your life, what would it be?
- [100:10]
Freddie
GT3.
- [100:12]
Graham
If you could only own one car for the next year, what would it be like?
- [100:15]
Freddie
And then after that, I just don't, don't own cars anymore.
- [100:17]
Graham
You can do whatever you want.
- [100:18]
Freddie
Oh, oh, oh. Okay. Aston Martin DBS.
- [100:22]
Graham
Why?
- [100:24]
Freddie
It's the last V12 big body Aston Martin with a manual. I love it. It sounds like an old F1 car. It's, it's fantastic to drive. It's a great date night car. It's practical and, and it just. I think it's the best looking Aston Martin made in the last 25 years.
- [100:38]
Graham
If you were to take a guess on your next massive rebuild, what would it be? First gut response.
- [100:45]
Freddie
La Ferrari.
- [100:45]
Jack
I was about to say you need that. Holy trinity.
- [100:48]
Freddie
I do.
- [100:49]
Jack
One car missing.
- [100:50]
Freddie
I need, I need a la Ferrari that. So, it's so I have the P1 that has been flood damaged. So you have a water type and then you have the, the fire type.918. So I need a ground type. So I need the. The.
- [101:04]
Graham
Is it grass type?
- [101:05]
Freddie
Well, yeah, gr. Yeah, grass type. Not ground type. Ground type would be what, like diglet or whatever. So, no, I need a bulbasaur. Right. So I. I need. I need a la Ferrari out in a field or in a forest or something.
- [101:15]
Graham
Yeah.
- [101:15]
Jack
Do you know of any that exist?
- [101:18]
Freddie
I mean, not. Not ones that are. That need like an insane. The problem is they're $5 million. Like a good one is 5 mil. $5 million. I don't know if I could ever, ever do something like that because, like, even. Even if it crashed and like it broke in half, they're still going to ask like a million or two for it. So, like, I don't know what that looks like. But then again, I said this, you know, back in the day, and now, you know, I. Somebody said, hey, do you want a Porsche 918? And you know, I said, how much? How much do you want for it? Initially they wanted something like 400 grand. And then we. To 145. So I'm sure that there is some LaFerrari, you know, that's been in a wreck, that's just sitting in a. In a garage somewhere. And then, you know, if I have two nickels to rub together, I can go over there and be like, I can rebuild this.
- [102:07]
Jack
Or the Ferrari Enzo. That would be another one. Enzo would be Eddie Griffin one or the one on PCH that's split in half. Like one of those.
- [102:15]
Freddie
The Eddie Griffin one would be cool. But yeah, the Enzo is. Is a. Interesting one. But what I would do with an Enzo is I would manual convert it. Like, I think an Enzo with a manual would be amazing. And I think that would 100% get me a letter from Ferrari. Like, Ferrari would be like, get sued. Yeah, yeah, you can't. You can't. You can't do this. But I. That. That's what I would do with an Enzo.
- [102:37]
Graham
Speaking of water type, I just got a text to my phone saying they have noticed continuous water at my property. So I have to go make a phone call real quick.
- [102:46]
Freddie
Oh, no.
- [102:46]
Graham
Best of luck to you guys. Guys, we've already had two leaks in the new Ice coffee hour warehouse. Hopefully it's not three, but that's it. Anyways, we're going to be wrapping up the podcast soon. Anyways, I do want to say thank you so much for the hospitality.
- [102:58]
Freddie
Well, hopefully you. You don't take your call.
- [103:00]
Jack
I'll finish this off.
- [103:01]
Freddie
You.
- [103:01]
Jack
You do the call. I'LL finish it off. Thank you so much. You guys, by the way, are the best hosts.
- [103:05]
Freddie
No, no problem.
- [103:06]
Jack
Seriously, it's incredible. You had this whole, like, guest unit, but everything is in there. You open the fridge, there's water in there, there's drinks, snacks, everything, everywhere. Coffee, the bathroom. I was blown away. Your inspiration for Macy and I. Because you go in the bathroom, there's like toothpaste, there is flossers, everything you need, like aspirin, like, so.
- [103:29]
Freddie
Yeah, I mean, I can't. I don't take any. Like, that's not me. That's. That's my, my better half.
- [103:35]
Jack
So.
- [103:36]
Freddie
Yeah, she does. She's really, really good at making people feel at home because she's like, I don't know what people need and whatever. So here's, here's everything. And if you have any requests, if you have. If you want something for break or you want, you know, make a grocery run, she'll go and get it.
- [103:50]
Jack
It's incredible. So thank you so much for that.
- [103:52]
Freddie
No, anytime.
- [103:52]
Jack
Thank you for watching. We'll link to all your info down below in the description and the email.
- [103:57]
Freddie
The new email.
- [103:58]
Jack
Oh, yes. And the new email. You never know. Yeah, I think this might be a good idea, maybe. So reach out. Thank you again for watching and until next time.
- [104:17]
Freddie
Why pay when you can?/TikTok/and free lets you cut prices all the way to zero. Download TikTok, search, slash free and share the link. To get free items, start slashing now.