Questions, Coffee & cars #97 // How to get out of a lease?
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- Опубликовано: 25 июл 2024
- This is a Motormouth couple car video answering your question from Instagram, like: Do you think Chinese EV tariffs are extreme? How do you insure your cars? Honda VS Subaru models? Mid-size PHEV SUV? What car would we buy, no money limit? How to get out of BMW X3 lease? How come Toyota Signia got older hybrid system? Is Mercedes AMG GLC43 coming?
Andrea Instagram / motormouth_andrea
Zack Instagram / motormouth_auto
0:00 Intro
0:37 Do you think Chinese EV tariffs are extreme?
4:31 How do you insure your cars?
9:18 Honda VS Subaru models?
12:46 Mid-size PHEV SUV?
14:41 What car would we buy, no money limit?
15:42 How to get out of BMW X3 lease?
20:52 How come Toyota Signia got older hybrid system?
22:37 Is Mercedes AMG GLC43 coming? 
Авто/Мото
Zack settled down, let Andrea finish talking. 😆 Lot of good questions. Great show Andrea! ☕️☕️
Too much caffeine 😂
Zach, Please, PLEASE stop interrupting her. It drives me CRAZY when you do that. Out of nearly 100 of these I can't remember when she's cut you off. If you're so eager to cut her off because of time pressure.. make your videos longer, but please stop cutting her off.
Agreed! It gets annoying especially when Andrea is presenting information from her research. I love them both and I want to hear both of them share their opinions equally.
Thanks for answering my question and reaching out to Toyota’s PR team. Y’all are the best!
Just prefacing this with I am a 38 year veteran of the insurance industry. In the US, all insurance is regulated by each individual state. Coverage requirements are different in every state. One thing that is consistent is that we have one "policy" but each car is listed separately and rated separately on that policy. Also, one thing that is confusing to many people is that the insurance covers the vehicle, not the driver. The rating does take in consideration who will be the primary driver when determining the rates. It is about as clear as mud!
It was fun listening to Zack rant, but erm... I too would love to have the problem of having too many cars lol. it's a nice problem to have, but yeah, car insurance primarily covers the cost of cars. You couldn't even make a case of consolidating the medical coverage portion across different vehicles because the safety rating is different for each vehicle.
In Ontario the rates are calculated based on who will be the primary driver in addition to many other risk factors.
My insurance on a Hyundai Excel in 1990 when I was 19 was $262.40 a month in Ontario, the insurance was higher than the car payment.
You two are great. Appreciate all of your videos. Love the playful banter. You two are the ONLY car people that my wife will watch. Cheers!
"pack a lunch": I had tear giggles. you guys are certainly original.
Get on the CB radio and notify the the trucker in front of you that you are attempting to pass and it will be awhile.
Love your show! Watching from the Philippines!
Chinese EVs also tend to be cheaper than Western-made cars partly because much of the manufacturing process involved in producing car batteries is carried out by Chinese companies. Although the largest cobalt mine is in the Democratic Republic of Congo, in Africa, Chinese companies process the cobalt in those mines.
The thing about claiming China over-subsidize EV manufactures is the way US / EU calculates Chinese subsidizes includes government spending on infrastructure such as road, renewable energy, and ports. It's basically the modern day equivalent of US claiming EU is subsidizing Airbus by having universal healthcare thus reducing Airbus' spending on employee benefits.
And of course Chinese EVs are inherently cheaper. Chinese companies leads in battery tech and the economy of scale and competition are driving down cost. Nearly 60% of all EV sales are in China with most in the sub-$30000 segments while US and EU companies are focusing on the more profitable $50000+ segment
And don't they lead in unnecessary fires?
Just switching tires to non-runflats on the X3 will make a huge difference to ride quality regardless of tire size. Then you don’t have to switch wheels. Also, the Idrive 7 system is not very prone to software issues. If you are having them, there’s a good bet either something isn’t set up well, there are software updates, or you should switch to a newer phone. It really is a phenomenal vehicle if you have it setup properly.
X3 is a pretty ass car in general. The only good thing about it is that it’s only 49k for the phev just like the glc 300. While the Audi q3 is 58k, q5 is 68k and the q5 phev is 91k
Regarding the tax question, I partially agree. The question was whether 100% tariffs are extreme, not if having a tax on it being extreme. Everyone can agree that tax must be paid, the question is how much. You can argue that the other government subsidies, sure. Are the Chinese gov doing a 50% cost reduction help to those EV firms so it justifies the 100% tax from US government?
Taxing at 100% is not creating an even plain, it is to significantly help local brands who are producing EV at a heavy loss. AND that's is fine, any govs would do the same to protect local brands. BUT, having such unbalanced advantage will reduce the local brands motivation to improve at a faster rate at the same time.
Local brands just can't compete in technology innovation, quality and price.
Ugly truth. Using Chinese made underwear is ok. But Chinese ev cars… 100% tariff… short term this policy could protect the local made cars. 100 years ago England used the same method against German competition…. Results…. Made in England? Except airplane engines, super super luxury car… made in Germany? Everyone wants
@@dannyboy8850 US and Chinese markets are very different. The former is more about positioning and the later is more about pricing. For the local market, they can catch up within ~5 more years by focusing in tech and quality to produce at a profit, if right incentives are made. You also can’t underestimated the innovating power there. The longer term story is still yet set in stone. Maybe history is repeating itself (1960s-1980s car war between US-Japan)
@@rongtang3272 It’s all about the cash flow and positioning. US brand made in China will have the most money stays within the country. There is not much money stays in the US for Chinese brand made in China. Chinese brand made in the US? It’s interesting to see it plays out. Likes my reply above to dannyboy8850, I believe history is rhyming itself, repeating the 1960s-1980s all over again.
@@rongtang3272 It’s all about cash flow and positioning. Most of the money stays in the US for US brands made in China, not so much for Chinese brand made in China. Chinese brand made in US will be interesting to see it plays out. Likes my comment to dannyboy8850 above, I believe history is rhyming itself with the 1960s-1980s period.
And that’s why I believe 100% tax is extreme. 15-30% is more reasonable, given that China is also applying 15% tax on foreign imported car and the US need to protect local brands in the short terms.
Hello from New Jersey. My wife and I loved this video. Two thumbs wayyyy up. I see a travel channel in your future.
Regarding insurance, when I was 16, I had to insure my own car because my parents couldn't afford it. It cost me $222 a month in 1994 or so! (That's $416 a month in today's money!) So, I couldn't get a car for myself until I had a job. But, somehow, I did it!
Me too
I live in Ontario but plan to move to St. John's Newfoudland area as soon as my home sells. You will love Newfoundland.❤
Nice presentation!
We love our Crosstrek. For 2024 it doesn't look much different but its much quieter and composed compared to our old 2021 model. As to the large screen, it beats having an appendage growing up out the dashboard. As to the new Forester, despite looking larger it is the same size as the outgoing model. I think it looks more upscale now.
Zack is confusing a deposit with a downpayment. A security deposit can go back to whoever is the lessee at the end of the lease. Nobody gets a downpayment back. It is taken by the leasing company to lower the monthly payments of the lease. Once paid it is gone. Of course, when you request a buyout amount halfway through the lease the number will be much lower than if the lease was done with zero down.
Andrea and Zach,
In regards to car insurance in the states my friends that have 6-100 plus Autos, SUVs or collectible vehicles use Hagerty or JC Taylor❤
The positive aspect is you can’t drive 6 autos at the same time so the rates are lower. 😂
Regarding down payments or high monthly payments on a car, I have a solution - don't buy a car unless you can pay cash for it.
About the EV taxing question, it’s not mainly about who makes EVs but rather about war. The US has lost a lot of manufacturing capacity and is trying to get it back in case there’s a war with China, who now holds that manufacturing capacity. The fact that North America gets to maintain a few thousand jobs is an added bonus. Also, China is not a communist country, that’s a 1960s mentality, Zack!
❤ you both are so sweet
I used lease Buster's to pick up a 2021 xc90 phev. So happy to take it over. I got a shorter term, didn't have to pay the downpayment and got low interest rates from a few years ago
If you want lower insurance costs, this is what has to happen. Have laws that take vehicles away from bad drivers. Get caught excessive speeding you lose the vehicle, not for a week. Get an impaired,lose your licence for life. Run a red light, lose your vehicle for a month.
Laws need to be a deterrent, not a slap on the wrist.
Second, build basic vehicles. If you look at the costs of all the extras in modern vehicles, you could reduce the high costs of fixing them.
If we had good drivers, that pay attention to actually driving, we don’t need lane assist, active cruise control, 7 airbags, power seats,sunroofs, heated steering wheel, 10 speaker sound systems. I could go on, but you get the picture.
Another great episode, as always!! Any word on when you'll be testing the 2025 Honda Civic Hybrid? I've seen that Honda had US journalists see it twice now; once in-studio in the US and for test drives in Montreal. For some reason, they have not had any Canadian based journalist/influencers. I'm really interested in this vehicle, but so far, all reviews have been US based.
As for BC insurance, consider yourself lucky. Lived in BC up to 15 years ago, my insurance has at least half what it is in Ontario. And hey, I'm no lover of the govt (a lilbertarian) but they're doing something right.
Nice, someone finally asked and got a question I've been debating on: Honda CR-V vs '25 Forrester. While I think the CR-V Hybrid is nice, its more expensive, and I'm not a huge fan of Hybrids or EVs for obvious reasons. I like everything about the Forrester , but my only gripe is I wish we had a XT model...but I feel the Hybrid will be their answer for an XT. Otherwise its at least more HP than my 150 HP 2007 VW Golf which had no major issues on US FWYs.
Same as here in Manitoba for insurance - we have MPI.
I got out of a 3yr lease after a year into it. Didn’t even have to use lease busters just FB marketplace and Kijiji. Good thing, I didn’t put any down pymt and rate was only 0.99% but the only loss I took was buying a set of all weather tires on it when it was new ($900) that I wished I didn’t do. I actually used that though as an incentive for the person that took over my lease.
I have been looking ito the 2024 Mercedes GLC 43 AMG in Canada and although they may be starting to arrive at dealers, strangely, you cannot find one mentioned (only coupe, in the future) or build one on Mercedes Canada website. Others have mentioned this too.
As far as I’m concerned I wish they’d come and put them all out of business. The car companies completely took advantage of people the last 4 years.
Dream car of 911 GT3 (Touring) & GTS wow, you guys knows your cars not to mentioned excellent taste of Porsche.
Same here in Illinois for car insurance
I think Subaru is really rocking it with their new Crosstrek and Forrester. They’ve made huge improvements from the prior generation. The upgraded steering rack alone is worth it.
Its been 4-5 years since I've tested a Subaru but def didn't care for their CVT transmissions.
They are still the slowest new cars you can buy
@@freshtowels3917 I have a GTI for when I want to go fast 😂
There have been at least 5 major ice ages throughout Earth's history. We are currently going through a warm interglacial period that began roughly 11000 years ago. So yeah, climate change is real. Buy what you can afford. Buy what suits your needs. Buy what makes you happy. Just don't buy something simply because it will prevent climate change. It won't. If you want to be "green", buy a used ICE vehicle, take care of it and drive it sensibly. Zach, Andrea here's the reason to put out more content around used vehicles.
I tried to get a cheap car for the kids. Shopping for a 2008 Suzuki SX4 (208K km) but the insurance was more than a 2012 Mini CooperS (17K km). I was told it was because the Mini had more safety features. It was nearly 30% cheaper to insure the Mini with the same driver. Even though the car was twice the price. Weird here in Ontario too.
Andrea, will i be very disappointed with Crown Signia CVT after having owned an Acura MDX ? I now want a hybrid car but trying to stick to more "affordable " car that has a somewhat luxe feel. I cannot find a used hybrid Lexus RX.
Insurance-wise, we have the same in Quebec. Each car is to be insured individually.
Yikes! Did notknow insurance was so bad. Very typical in Ontario that most house holds have at least two cars so that would be very expensive.
I always talk to my Insurance broker when I am looking for a vehicle to see what it will cost me to insure the vehicle as a monthly cost. Some vehicles are more expensive than others to insure.
Thank you. Part and parcel on the car-purchase process. That way, I have a better idea on the outlay per month.
@@twystedhumour yep. Plus something like a Honda Civic or Levus might have a higher insurance rate because they are the top cars stolen each year.
the reason people hate the big Subaru screen is because WE ARE TIRED OF HAVING OUR PHYSICAL BUTTONS REPLACED BY ON SCREEN CONTROLS!
Thanks for hitting my question on the Mercedes GLC43 AMG. It’s not the plug-in hybrid… it is 2.0 liter hand built 416 hp 4-cylinder with electric-aided turbocharger.
Love your videos, but I have to disagree on the insurance and EV tariffs. BC has among the lowest average insurance rates in Canada. I would be okay with the EV tariffs if any manufacturers besides Tesla were actually competent enough to produce affordable and competitive EVs. Imagine what our cars would look like today if the auto lobbyists succeeded at banning Japanese manufacturers back in the 70s.
So the Chevy, Rivian or Ford options, and Korean Japanese and European EVs are not well made by competent firms? This discussion of China tariffs is not the same as the Japan discussion at all. Japan did not have slaves building their cars while systematically encroaching on neighboring countries, and trying to steal all the world's intellectual property.
@@acchaladka Besides the Korean manufacturers, none of those brands have profitable EVs. They don't make money even with eye popping price tags and billions in subsidies. What evidence do you have that slave labour is used in Chinese auto manufacturing? China has stolen a lot of IP, but their recent EV boom is because they had a two decade head start developing battery tech and supply chains, which our greedy companies gladly outsourced.
Disagree about BC's rates. In BC, there is a take-it-or-leave it corporation, no ability to shop around. Everywhere else there is a private insurance, where rates vary widely among companies. It is ALWAYS possible to find companies with lower rates than ICBC, even if the "average" rate is higher. That's the benefit of shopping around -- too bad people in BC can't!
@@WikiMartino Your argument is a logical fallacy. If the average rate is higher in provinces with private insurance, why would it be any different for BC? Why do you think you'd be one of the select few that find these unicorn cheaper rates that others somehow miss? If the average is higher then the population is paying more, period. That's not how free markets work.
@@acchaladkaI’m sorry that so many people blindly believe bias and often fake information about China from western news outlets. I was shocked to find out the US funds western media to produce bias news about China. Sure, China may not have the best track record for human rights issues in the past but they’ve changed a lot; plus they don’t around the world starting wars. You mention China uses slaves to build their EVs, the workers must be highly educated and skilled so I don’t see how slaves would be building their EVs. Unless you mean the AI robots that are used to build the cars, they’re they’re currently considered to be non sentient life 😊
Coffee ☕️
Forester!
I'm sorry, but a 19 year old driving such a car in another province is much more expensive. You don't know how good you have it.
Is it normal for a 2024 Dodge Grand Caravan to burn 1L of oil between 8000km oil changes, has 15,000 kms?
$ down vs security deposit are 2 different things when leasing. You don't get your downpayment back at end of lease, where you do on a security deposit. Do not put $ down on a lease, you'll never get it back, and if you total the car, you just burned that $. As for leasebusters, I've used this 2 times in the past to take over someone's lease, but I got lot of $ from the lessee to do it. If you give incentive in $, then its easier to transfer your lease. Also, there is a fee from your leasing company to transfer a lease, it used to be 1000, I'm sure it's much more than that now.
Good information Andrea and Zack today love it ( Ty Ron
Maybe your tires are over inflated. Worth checking because it can make a big difference.
Can you talk about the 2025 Chevrolet Equinox it may be big competition for the Rav4 and CRV.
Please be seated: Earlier this year I bought a 2024 Tucson hybrid and traded it in for a 2024 Santa Cruz (both were Ultimate trims) ... my insurance rate *dropped.* I was expecting an increase.
Like we (US and Canada) don't subsidize our car industry, what about all those bail outs? And tariffs are another subsidy. Would like to see a free trade (a real one) and if they want to give us free cars, go for it. BTW, the US has rare minerals too, the govt just prevents them from being mined through regulation and prohibitions.
Gotta love Government Auto Insurance!!!! Glad its Private Auto in NB
Thank you very much for the information. I really appreciate your opinions on the pros and cons of a vehicle.
☕️ 🚗
Regarding your comments on leases, you recommend not putting a down payment on a lease, but what about a trade in on the lease?
Isn't it interesting that the car journalists all would get a Porsche? I'd love another 944t myself, but for higher end at the moment I'd likely go with the Rivian R1T tri motor, with all the bells and whistles.
When do you guys get to test the new 2025 X3?
Andrea, my wife loves the skirt that you wore in the Porsche video (blue one), can you tell me where you got it please?
Thank you very much! I bought the blue dress from Nordstroms in 2022.
They love Japanese and European cars but no to China. Other countries subsides their car companies including the USA
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i somewhat agree, cars NO ABSOLUTELY NOT. Every nick nack from the dollar store YES PLEASE
Never a good idea to put money down on a lease.
I don’t need the big screens. It’s not a deal breaker for me. The CRV is getting to be pretty big.
What about buying a used EV. 1 or 2 years old. My stepson bought a 2013 Nissan Leaf and had it for 5-1/2 years and does not go as far when new but has nothing done to it. Got let Andrea finish.
The later model Audi seemed to be very temperamental. My friend bought an Audi Q 5 2023 and 24000 km later the transmission has locked up. Apparently it's a recognized problem across the audi lineup.
Zack, try getting insurance in Ontario for a teen. $3600 ain't that bad. We currently have two cars and my 20yo daughter is an occasional driver right now. She has a 2023 Mazda 3 on order and will need to be primary driver (3 cars, 3 drivers) and my insurance company has quoted me $8000! My record is clean and they charge me over 2K for a 12 year old GMC.
That is crazy... we pay $1600 a year for full insurance on 19 and 24 Hondas in the states
Check out Insurance rates in the UK for youth.
I'd take the 911 Turbo S!
The US and Canada also highly support financially car and batteries companies. Does that mean the Chinese government should introduce a 100% tariff on those?
I can promise you that a lot of the ‘successful’ people in Vancouver who pay more taxes for their ultra luxury cars are folks who come from rich families and/or inherited wealth. Nothing wrong with that of course, but it ain’t all because they’re ‘successful’.
The Girl has it right
My wife loves Andrea’s outfit…would you be able to tell us where you bought it?
I got it from Lacoste but many years ago. :)
Fun fact: "Camry" also means crown. Actually, nearly all of Toyota models mean crown or a derivative of crown.
in fact high end Chinese easy
Damn, short sleeves! It’s about time!😂😜😜😜
Come on Zach. Let her talk.
Carbon emission reduction is out of the window. The 100% tariff is making the EV unaffordable. 😣😣😣
Tarriff effects don't matter as much as our weak canadian dollar.
Not only is the Chinese government subsidizing those cars… when you want to build a car over there, they make you do a partnership with Chinese owners to make sure your jobs and business grows.
Loved your dress today!
Insurance is skyrocketting here in US. Problem is unrealistic expectations, ... and lawyers, ... and regulators. No 'winning'. Expat dual Can US citizen.
Who insures the cars you review?
The car manufacturer or dealer would be the owner and insure the vehicle.
The gas powered Buick Envision is made in China and sold in the USA.
Politicians want Chinese companies to build battery factories in the USA.
The UAW I’m sure shouldn’t like this.
I'm thinking the insurance company sees a lot of young people having incidents in their moms and dads cars. It would be interesting to know the actual numbers for GTIs though. I have a feeling if Chinese car makers want to sell in Canada they'll have to do assembly here. If there's jobs they might get that pass they wanted. Interesting the questioner asked about all foreign cars. That might squat the german carmakers on the models they don't make in N/A. I understand that Chinese companies can have some hostile business practices but it is interesting how others get exemptions. I can understand people overseas being upset with that.
My son 19 years old is paying $3k for a 2010 Forester, non-turbo, comprehensive with 2mil liability here in AB. I think AB is as bad as BC.
Yes Chinese EVs are built with cheaper labour but the cheaper models like the BYD Seagull have a Sodium Ion battery which is cheaper to manufacture and allow for a EV that costs $11,500 USD. 😲
If they build their plants in United States and sell their cars for ridiculously good prices will that will force everyone else to match them?
They will still be charged 100% tax bcs it doesn't smell freedom😅
Won't be any ridiculously good prices. Their price will closely match other manufacturers
❤️❓☕️🏎️👍🏼
3600 for insurance..wow
In the US everyone's car insurance rates skyrocketed last year thanks to the KIA Boyz/Hyundai hack. Mine went up 40% and I own a Honda! ARGH!!
you pay for your son's insurance? here is a tip: buy a less fancy car under a personal loan, buy 1-way insurance and invest the difference from what WOULD have been the cost on a traditional two-way policy. Bet on yourselves instead of paying in advance for a massive accident the statistically won't occur. And if it does, you have the money invested. If it doesn't happen you have thousands saved...
The only con of HRV is power. IT is way too slow. Power is also the problem for Crosstrak and Forester.
Leasing is the stupidest thing e could do. It is basically a high rental agreement with mileage limit. Leasing a Euroean car is worst because the residue value is nothing because no one wanted to buy a junk used BMW, MB or Audi. So one would have to pay the difference.
Cheaper products for the consumer is not always a good thing.
Be careful what you wish for.... especially products from Chy-Na.
You should do some research; you’ll find Chinese EVs are pretty good, especially for their price. Even these guys said the Teslas from China are better than the ones from California. Australia is selling Chinese EVs with little or no tariffs; check out what the people think of the Chinese EVs. Also, the media just mentions the cheaper Chinese EVs but many of their EVs are luxury car that aren’t all that cheap.
@@stanc1255 Thank you for the sales pitch but I don't like anything from China.
Lots of chinese cars in the Philippines. Most are unreliable. Their selling point is they are cheap and has lots of features. But after market service is not good
1st comment. I think...so excited for episode 100!!!
Canada is providing tens of billions in subsidies to manufacturing, on top of EV incentives at purchase. And they still can't compete and would need to slap a tariff on top. All of this comes at the expense of Canadians, both as taxpayers and consumers. It's not about "fairness", but protectionism. Are you sure you guys are drinking coffee and not Kool-aid?
Huge gapping hole in your point! The labor is still wayyyy cheaper over there and they forced you to go into a partial ownership deal with Chinese factory owners!
Love this show but I think Zach's flagrant foul call on chinese subsidies is much too simplistic. I haven't seen any detail anaylsis but I do know China makes their own batteries and they have an EV consumer base larger than the population of the US and Canada combined. So, economies of scale have a significant impact 😢.
@@crecasensChina gave subsidies not only to Chinese companies but to Tesla and other foreign car companies as well. Are you saying China now owns part of Tesla and all the other foreign companies? It’s like Canada giving Honda a bunch of money to support their new factories here. All governments do it. Also, the Chinese subsidies probably don’t work the way you think they do. It’s not a handout from their federal government for most. A lot of the new EV companies get support and investment from their local governments. If they do well , they get promoted and become bigger companies. It’s capitalism at its best. It’s sad that that is not happening here in North America. Existing large companies try to stamp out new companies and so it’s nearly impossible for new EV companies here. Although BYD is kind of doing the same thing in China to stamp out its competitors with low pricing…more capitalism. The China government has mentioned that there’s too many EV companies in China. We’ll see how it all plays out.
In Ontario, in the GTA, a Honda Civic is over 5k for a young person. I am looking for a replacement for my 2012 Focus and would not consider a Civic as my son would be the principal driver (I have a Maverick), Insurance on a used Civic would be over 5k. In Northern Ontario same car would be about 1,500
Swaplease in USA
On EV tariffs, vigilance is definitely warranted, but I think we can also take a broader view. China's big advantage in supply chain mostly plays to Chinese EV companies building EV's in China (or maybe India, Thailand or somewhere else relatively nearby). Flooding the market with cheap EVs built in North America is going to be expensive. And since they'd be putting (probably) Mexican workers to work rather than Chinese workers, there would be no economic multiplier effect domestically (i.e., jobs for Chinese workers paying for Chinese goods in China). China is in the throes of a pretty big debt crisis, and they have spent billions on Belt and Road projects which have largely failed. BYD is big and important, but they're not going to get huge "no strings" handouts to go conquer foreign markets.
Longer term, it pays to think about the nature of EVs themselves. Right now, China is dominant in EV mineral supply chain/rare earths, but technological advancements in solid state batteries, anode-free technology, changes in overall battery chemistry, etc., could reduce or even wipe these advantages out. Think about it this way: The phone in your pocket is a little computer, but it's not a little mainframe computer. Computer architecture fundamentally changed on the road to mass-market adoption, and EVs are bound to do the same. A thousand pounds of batteries in a sedan is not a solution, it is a problem waiting to be solved.
Not surprised your two sons and younger generations in general are not interested in vehicles. Modest cars with insurance prices like that only serve family’s with generational wealth. 😢
Auto Insurance companies look for any reason, rational or not, to raise their premiums.