HOH Episode 7

With an episode packed with fun we get the opportunity to learn from Steve about how to approach and understand unsecured loans. We get a wonderful deep dive into another gorgeous watch and we end the episode going out on the road to see what everyone's been asking for which is to see Steve's 1 of 300 2023 Aston Martin DBS 770 Ultimate. 5.2 Liter V12 Twin Turbo monster on the road.

Segment 1: Unsecured Loans (00:12-17:43)
Segment 2: May Watch Giveaway (17:45-27:08)
Segment 3: Audemars Piguet Deep Dive (17:47-29:59)
Segment 4: Aston Martin DBS 770 Ultimate (30:01-43:21)

Transcript

SPEAKER_00 0:02

Hey everybody. Welcome back, House of Hoops, episode seven coming your way. I hope everybody enjoyed episode six. We got out on the golf course, got outdoors. We're gonna have a lot more of that coming up. I'll talk about that a little bit later. Um, some upcoming episodes, what our plans are for the rest of the golf season as well as uh you know the offseason in the wintertime. May do some fun stuff uh indoors. I'll talk about that in a minute. Um, but welcome back. Um and happy to be back. Got a lot of great comments, a lot of good feedback. Um, we'll do another uh watch giveaway this month for May here as well. Um, but let's get into it. We're gonna have another topic, uh, one that went over pretty well, uh, the credit card explanation. Um I had some follow-up conversations with some people and um some questions asking me about uh unsecured loans. So you see a lot of advertisement out there. I think if you're uh you know regular consumer, you're getting tons and tons of mailings all the time of consolidation loans, personal loans, all type of stuff in your mailbox. Uh so I figure I'd talk a little bit about how the banks think about those. Um much, much different than how they think about a credit card. Uh the dynamics of them are much different. Um, the scaling, the pricing, you'll see, you know, how can how can you do a consumer loan on consolidated loan and it'd be much, much cheaper than you can get rate-wise of any any credit card out there? Why is that? Um so I figured I'd get into a little bit about that. Um so let's jump right in. Um, what's the difference between uh how a bank kind of manages the credit cards versus the loans? As you heard last time, the credit cards go through and evaluate the customer, uh, their risk levels, you know, how they they view that customer long term, uh, how much credit line they want to give them, their APRs, all that fun stuff. Um, it's the same way with the loan. Um, the difference is with a credit card, they have to make the assumption of, you know, how much is the consumer going to use that credit card? Um, a lot, a little bit. As I mentioned in the uh podcast, I think two episodes ago, um, customers usually average about only 40% utilization of their credit line every month, um, meaning they'll use it, pay some down, some people, you know, balance transfer. But on average, a typical credit card out there is only averaging about 40% usage of the total credit line in any given month. Um, consumer loan, the bank has to take a little bit of a different approach because it's a fixed-end loan, a fixed payment. They know that if they're gonna lend you $10,000 and they're gonna do it over 36 months or 60 months, that payment needs to be much, much larger. Right? The way a credit card works is um your payment is set up as 1% of the principal plus any fees and finance charges that were billed during that you know period. So if you have an 18% you know interest rate, you know, that's one and a half percent of the balance from interest and one percent on you know the balance of you know whatever it is. So two and a half percent of a thousand dollars, you know, you're only gonna have a twenty-five dollar minimum payment. You know, from that perspective, uh it's very easy. But on a you know, $1,000 loan that you're trying to pay off in a year, you know, you're gonna have to be, you know, well over, you know, $80, $90 on that minimum payment. So the bank has to evaluate that risk. Can you afford to pay me, you know, $250 a month, $300 a month for a $10,000 loan over a certain period of time at a certain interest rate? Um, and you're taking that that risk right up front as a bank right away, because if it's a $10,000 loan, um, you're taking that $10,000 and you know taking it right out of the gate. Whereas a $10,000 credit card line, you may use $100 here, $500 there, you know, and eventually, you know, build it up over time, but you're not taking it day one. So as I mentioned before, the bank has to pay, you know, what's called cost of funds to borrow that money from somewhere, uh, either internally from deposits, um, from a third party doing securitizations where a third party is investing in certain blocks of business with the bank. Um, so the bank has to pay cost of funds on that entire amount, not just the amount that a credit card would use, which might be very, very minimal on a consumer loan. They have to pay cost of funds on 100% of that day one. Uh, and then you're paying it down over time. So it's it's more expensive for the bank to actually do that up front. However, um, there's a little less risk as well for them in the long term because um you're not taking any more away later. They know what their risk is day one. Very, very often there's a few what they call first pay defaults, people that kind of just don't pay out of the gate, but it's very rare on loans, unlike it is with credit cards. Um, so you have to be, you know, understanding of, you know, when they're evaluating the risk, just like on the credit card side, they're placing you in a risk category and pricing you and approving you for a certain loan amount, you know, based on where they view you uh as a credit risk for them. Um uh it's it's cheaper for the consumer in that amount because there's a lot less to do on the back end as well. They don't have to look at every transaction you do to kind of protect you against fraud for every time you swipe your credit card. Um, there's less to do on the management of you know, payment processing, transaction processing, um, because it's just you know you originate the loan and then you pay it back. So from a bank perspective, they have to do two things. They have to evaluate your credit risk, they have to evaluate your worthiness, and they book the loan up front. So you have the origination, and then on the back end, um, they have to basically collect the money back, whether that's you know, positive collections of your normal payments or delinquency collections. So really the two big things are originating and collecting for them. On a credit card, they have to worry about your transactions, protecting you from fraud, um, you know, statement processing and everything else on both sides of the fence. Um, but retention, you know, every three years they evaluate whether or not they're going to reissue that credit card or not, reissue a new credit card, which is a cost to them on that front as well. Um, so there's a lot of management on the back end of keeping that customer engaged, using the credit card, giving them more offers, um, trying to give them better value props. They have the expense on the reward side, as I mentioned in the credit card segment. Um, so there's a lot to do. I would say originating a credit card on the front end is only about 20% of the work of a bank to get that actual account moving. Whereas on a consumer loan, 80% of the work is getting that loan booked. So most of their expense is up front, and then a lot of the carrying costs is much bigger on the front end. So, you know, you can actually really lay out and understand um on a consumer loan much, much better what the lifetime of that account is gonna look like. So they can price it better. Um, there's less guesswater than there is with a credit card. Are you gonna use it or you're gonna not? Um, so you usually get a little bit better price at your exact risk level if you're gonna get a loan versus a credit card. Um, your your rate or your uh annual percentage rate is gonna be better on a loan than it will be on a credit card. Now, the downside as a loan is you you can't reuse it. It's a one and done type thing, which is you know a positive and a negative. You know, you kind of help a lot of times consolidation loan to get yourself out of debt. Um, it's a little bit one payment instead of across three different credit cards. Um, you know, there's also risk there that you build the debt back up on the credit cards you moved. So banks have to be aware of that too. They may be stacking debt on top of you. So all of that has to be taken in consideration. Um, the next thing they have to consider is um, as an example, a 60-month loan. The average consumer only manages that for about 42 months. So the average life of a loan that's originated for a 60-month loan is only 42 months. Some of that has to do with, you know, loan losses, you know, people actually going delinquent and not paying it back. But the majority of it is consumers paying more than their minimum payment a lot of times, paying it back sooner than you want them to. Um, so the interest reduces over time. So you're not making as much as a bank on that life of a loan as you'd hope. So banks take that into consideration too. So they don't assume they're gonna make all the money back on all the good customers over a full 60 months. They assume you're gonna pay it off early. And there is risks where you have a lot of companies out there, fintechs and whatnot, you know, paying off loans with other loans and stacking loans. And, you know, you have to consider that too, of you know, being careful as a consumer. Um, so understanding that i is a big deal. Um, as a consumer, what's the right way to move? Um, should I use credit cards? Should I just pay them back as normal? Is a consolidation loan the right thing for me to do? Uh and I would say it's really on a person-by-person basis. Uh, if you're responsible, you know that you can manage it correctly, you have a consistent cash flow, um, you can go ahead and do a consolidation loan, take your $15,000 of debt across your three or four credit cards and consolidate it down into one single loan payment. Um, that will be a higher loan payment than what it would be across your your four credit cards, but you pay it off, you pay less interest. Um, in the long run, it's much better for you. However, you know, do you have that discipline that you're not going to run back up another $10,000 of credit card debt in the next five six years? What we see is a lot of people who take those, what we call consolidation loans. And let's say, as an example, you consolidate $15,000 on a five-year loan that you're paying back, and you're probably paying a little bit more than double of what you would be required to pay on a regular credit card payment, maybe a little bit more. Um, but what we see is on average, 50% of those customers, after two years, have built back up $10,000 of the $15,000 of debt on their credit card. So now you're paying that same payment because on a consumer loan, your payment doesn't change. Your payment's the same as it is month one as it is in month 60 on a 60-month loan if you pay it as normal. Um, so now you have that payment, which is a lot more than what your credit card payments were before. And now you've run up another $10,000 in credit card payments that you have to add to that, which is probably another $300 a month of payments on top of whatever your consumer loan is of probably $900, $1,000. So you went from paying $500, $600 a month in credit card payments. Now you're paying $1,500 a month two years later because you weren't responsible from managing that credit card. So you want to make sure that you go ahead and think about, you know, am I going to be able to manage this the way I can do responsibly and not worry about going back and forth of building up debt. Now I'm going to worry about two years from now, can I afford the position I put myself in? Whereas if I just stuck with it, you don't actually, you know, have as much room to put yourself in deeper, deeper debt burden, right? You're limited to the credit lines that you have across those credit cards and you can't get yourself in deeper. So when you consolidate that, you've taken all the debt off into a consumer loan and now you've opened up all those credit lines. So you got to be careful, right? So banks rely on the long-term interest. Banks rely on you being responsible, and they make the assumption you're going to build back up some of the debt, but you personally need to know what's right for you. Is a consolidation loan right? Yes. In many instances, it's a good idea if you know you can be responsible. Um, you know there's consistency. And obviously, everybody has uh issues that pop up on unknown factors, medical bills, you know, the job market, the economy. Things are going to happen. But all in all, make sure you have a plan. You know, make sure you know what you're doing, make sure you understand what you're getting yourself into, and you know, go from there. You know, be smart about it. Um, so those are my thoughts on the consumer loan side. Not going to get into as much detail because there's really not as much to get into. Um, you're coming in, applying for a consumer loan. They're going to look at your income. They're going to look at your current debt structure. They're going to make some assumptions about, based on what you look like, what typical customers are going to handle. They're going to pay back in 45 months to the 60 months. They're going to charge off at 8% rate instead of zero. They're going to, you know, look to um, you know, need this much interest rate on this big of a loan for them to make a profit. And again, they are pricing it to make a certain profit on that loan over a period of time that, you know, basically insulates them against economic disasters, you know, housing, you know, market collapses, like we saw back in 2008, 2009, um, different things like we saw in 2020, the market being very unstable with the pandemic. They account for a lot of that to make sure they have what I talked to in the credit card segment called resiliency. If their losses go up by X, they need to make sure they have enough um profitability in there to make sure they break even at the end of the day. You know, banks are in the in the market to make money. They're not in it for charity. Um, so that's the big thing I would say is um make sure you know what's good for you. The banks know what's good for them and they're gonna do what they need to do to make money, but um, it's also there as a tool for you that they're truly looking to do it um as a benefit to the consumer because if they help you get out of the debt, they're gonna look, you're gonna look at them as a resource. So maybe you move your credit card spend all the way over to them to what banks always try to obtain, which is what they call top of wallet. They want their credit card to be the top of the wallet for you to pull out. And if they can help you get out of debt, maybe you move over to them and uh maybe they pick you up on you know your future you know mortgage loan or your future auto loan or your deposit accounts. So banks look at you as a partner, a consumer, a customer to try and get as many products with you as possible to be your resource there, and you know, they want to do it responsibly. It doesn't behoove them at all to get you into a mindset where they're risking you to be at risk of you know getting outside your margin because it just doesn't do that, especially the bigger banks. You know, you start getting down to the small banks and and whatnot. They try to do their best with the resources they have. Um, and then you get into the payday lenders who do not have your best interest in mind. So be aware that those interest rates and those things will never be good for you. And they don't help you rebuild credit. Um, they don't go in your credit report traditionally, your traditional credit report. There's a separate line of data in there that they were born to. So just be aware of all the tools you have at your disposal. Make sure you're making decisions that's best for you. Um, and you know, make sure that, you know, look at you know what your banks are, what your options are, and if you bring everything to them, they'll take care of you. Um so that's kind of my spiel on the loan side. Uh, it's not as in-depth as it was on the credit card side. Again, as I mentioned, it's there's not as much there. They originate you same as they do on a credit card. It's just a different lay of the land of the profit and loss statement of timing of everything. Um, and then they collect on the back end, and that's it. There's not as much dynamics that there are with credit cards. Um, so it's a little bit probably a little bit more boring segment, but hopefully that helps. I had a lot of questions on I'm thinking about a consolidation loan, and you talked about credit cards, maybe understand, help me understand about those. So hopefully that helps. Um, put questions in the in the comments and I can address them later, hopefully on the golf course, maybe uh next time. Um and then, you know, maybe we'll talk about auto loans and mortgages down the road in the future. But you know, auto loans are going to be pretty much the same as unsecured loans. The difference is there's collateral there. So the bank makes assumptions on, you know, clawing back and repossessing your car and what value there is there to discount you on prices and how much they'll lend to you. So um loan to value, you know, what's your car worth versus what they're lending to you. So we can get into that at a different segment. But um hopefully this helps on the unsecured loan side, gives you some comparisons of what it means uh compared to a credit card and your options out there as a consumer. Um, and there's plenty of companies out there that do it well. The bigger companies are always the ones that you can trust. The big banks that you already have a credit card with always have those products out there. Big companies out there, you know, like Best Egg and you know, Lending Club and those guys who are who are out there kind of in the market that really started their career specializing in consumer loans, they know what they're doing. So, you know, once you start getting the little players, just make sure you understand what you're getting yourself into. But you know, hopefully that helps. So um, we'll get into some other topics. But uh remember, if you're not out there already, make sure you like, your comment, your subscribing. See a lot of stuff out there where we see a ton of good following, good a lot, a lot of likes out there, but sometimes not as many followers. So, you know, click that link. We're having the monthly giveaways um on the watch. You know, we've given away three already. Uh it's been a lot of good feedback, a lot of fun talking with those guys and getting them their watches. Um, so hopefully, you know, we get some more up here. We'll have the May giveaway here later in this episode we'll get to. But you know, make sure you're like, commenting, subscribing, you know, all the platforms, whether you're on TikTok, you're on X, you're on Instagram, YouTube, um, you know, get out there and you know, click across the board and you know, get some comments out there because we'd love to answer them and um got a lot of good feedback. So thank you guys. You know, we'll move on to the next segment, but uh appreciate all the time that you guys put into watching these episodes, and hopefully these are adding value. Um put some other you know, questions in there, other stuff you want to hear, whether it's in financial services or you know, why I'm bad at golf or any of those questions, and we can uh address those down in the future. But thanks guys, and let's move on to the next subject. We good to move on? All right. Devin's favorite spot is uh the watch giveaways. So I'm gonna go ahead and uh update for this month um the spreadsheet. We have them all plugged in. Um total entries for May, 17,225. So it's up about 3,000 entries month over month, which is great, especially since we had so many followers before building up over time. Um then we had a pretty pretty big jump from March to April of about 4,500, and then another jump here. So we're growing. So thank you all for being out there and getting your likes, comments, and subscribes out there. Um, the big thing is subscriptions is gets you the biggest chunk, right? Um, yeah, you only get it once, but it they're in there and they're in there uh for good and it'll build up, especially for that end of year. Remember, end of the year, we're gonna be looking to do a big, big giveaway. So instead of the collection you guys have seen um out there, um, we're gonna be um going to Mitch and uh getting a nicer, nicer watch. Um, whoever the winner is, we'll work with them, um, give them some uh examples or even maybe a little bit of a nice size budget. And like I said, trying to get out there to maybe get a nice tag or something like that for uh for a good viewer out there and um work with Mitch to get it to them. Um so we can't wait to do that, but let's get to the May giveaway. So let's go ahead and run the uh random sampler and the winner for May, TikTok follower, Bridget Downs, 65 entries in under TikTok, and uh looks like a lot more for across the different platforms. But this one was from being a TikTok follower, um, Bridget Downs, congratulations. Uh, you are the next winner. Um, we'll go ahead and uh Devin will reach out to you on Instagram or TikTok, sorry, on TikTok, and uh we'll get you connected. So congratulations and uh it'll be a fun one. So you know looking forward to it. But again, get out there, like, comment, subscribe. We'll have another giveaway um for June. Uh we'll pull at the end of June. Uh and then we'll do it for every month. And like I said, the big giveaway will be end of the year. Um, you're getting back with Mitch. If you haven't seen Mitch, go back to um, I think it was episode two, episode one, episode two, um, where we visited Mitch to uh pick up my uh my watch with him. So uh he'll be there to help us out at the end of the year uh to find a good watch for a one lucky subscriber. So uh we're looking to see who's gonna be entered into that. Um we're probably gonna have a gate in there that it'll be at least probably, you know, someone who has a certain number of entries, whether that's 200 total entries, um, you know, 250 total entries, which is you know fairly simple. If you are subscribed across Instagram, YouTube, X, um, and um which one am I missing? TikTok. You know, there's 200 right there, and you know, a couple likes, couple subscribes, you're you're over that number easily. Um, so we'll have probably a little bit of a gated entry so it's not simply, you know, you want to make sure that big one is someone who's a true follower, has been out there, has been dedicated following the channel. But it won't be unreasonable to be something that's very attainable, so you don't have to go back and watch every episode, which you should. I think they're good. Um, but we'll get them out there. But congratulations to Bridget for this month and congratulations to all the winners. It's our fourth winner so far, and looking forward to next month. But congratulations and uh on to the next one. All right. Uh, next topic um talk about some upcoming golf content. But uh I'm glad I didn't have to pull your name again there. Um, I know when I entered in all of the information, uh Devo the G popped up again when I got done entering and all the stuff in there, so that was pretty funny. Um, but uh when I ran the numbers, that was the first time I ran it with a random generator, but uh his name popped up again, which is funny. It might just be logged in there, but uh congratulations to Bridget. Um upcoming golf content. Um got a lot of great feedback from a lot of people. I know uh didn't you know put my best foot forward, but hopefully next time's a charm. The next episode we're gonna be recording here in the middle of June. Hopefully that'll come out here towards the end of July, is the goal. Um, gonna have a couple um guests on uh the stream. Um one of the gentlemen I met, he sold me my first test in Martin. Um, the other one is a business partner of mine and uh you know, previous college roommate. Um, so a lot of great business from both of those. Those guys, I would say, are very, very, very affluent in the business development space, great salespeople, great conversationalist, um, to the point where you know they probably talk a lot. Um, you know, people say I talk a lot. You'll see on this one. So I think there's gonna be a lot of good banter uh gonna hopefully make it a lot more um loosey goosey it won't be like it was on the first one where I'm answering a question every hole and there's a lot of in-the-car content and all that hopefully it's a lot more course content where you try and do a three man scramble. Hopefully you know we break par my goal would be to get under thirty four or thirty three par thirty six on that front nine. Um my goal is eventually down the road I get some people where we can break thirty maybe even but this time be reasonable thirty-four is the target score hopefully we can get there maybe even a little bit better you know minus two minus three um but they're decent golfers um my roommate Dave he's he's he's hit or miss he could be the worst golfer in the world he could be good um he's evidently one of the greatest golfers in the world when no one else that he knows plays with him that we know his friend network he's always like oh I shot seventy five and he comes and shoots ninety five with us so we'll see he's one of those guys uh but he's a great guy uh Dawson the other guy is a great dude um good golfer younger guy very very successful in his career so it'll be fun to hear like how he thinks about um his career when smell selling supercars as a younger guy uh and what that went into to all of his his career now in the uh distribution network um what he's doing in the sales size now so I think it'd be good for you guys to hear that. We've talked a lot on the entrepreneur side about how to how to get your name out there, how to get your network built. So hopefully hopefully that'll be a good one for you. Um but I'd love to hear in the comments what you want to see. Evidently the golf content was a big big winner. We were thinking about doing a couple times a year and maybe we'll shift to doing it more and more um throughout the year. Do you want to see more stuff where we're you know talking business and on the golf course stuff that's golf course centric. You see a lot of places out there doing challenges and stuff. You know one of my favorite is Bob does sports uh you know channels to watch the Brian brose grand horvated you know they do stuff as you know you know guest spots you know you know verses type stuff you know like we're gonna do this next episode you know challenges with the scrambles you know food challenges drinking challenges stuff like that might be a little bit touchy but we'll see maybe we do do something like that we'll see but put the comments out there what you'd like to see what would be fun for you would be interesting. We're gonna look to try and figure out you know simulators over the winter. Um maybe jump in the simulator at some point do some contest in there some fun stuff there some content maybe a little bit easier than out on the golf course. Take our time not be rushed and make sure we're keeping up but I think that'll be some fun uh to get in there more conversation podcast centric you know have some guests in there. Uh I know Hartfell where I'm a member as well as Fieldstone where I'm a member. Um both have uh simulators indoor there's plenty of local simulators so we'll see what's best for the channel but thinking about doing stuff stuff like that. So post in the comments, put us some some in there about what you'd like to see on the golf course in the simulator and the content coming up and uh we'll try to make it happen. Love to see it. Maybe we'll collaborate with some others um out there. But I think it'll be a lot of fun. Um that's what's on deck next for some of the next upcoming upcoming episodes um on the golf side um probably you know August um September that time frame so looking forward to it it was a blast to film it and so hopefully we'll get there and yes um it was the you know first time we tried to do the tra shot tracker will be better next time a couple of people asked me was uh did shot tracker have Tourette's or was Devin drunk when he was doing it so that one was a first stab at it we tried to do it in the same timeline we do a regular podcast so he rushed it the fact that there was even a shot tracer in there is amazing so Devin is incredible everything he does so leave him alone um you know it's all on me uh I said do it do it do it and he was like I don't know might not be the right time we might want to take it slow but that's on me but uh I thought it was fun um that's not my normal shot shape straight up straight down it's more of an arc so we'll figure that in the long run you know there's there's growing pains it's it's episode one of a golf content so you know get over it my golf game was the shittier part of it so we'll get better there too so thanks everybody for for watching all that stuff you had a lot of great interaction with the with the golf content so thank you.

SPEAKER_01 26:08

Um but again like comment subscribe you know get some entries out there for the watch giveaways um and uh we're on to the next one so thanks everybody I thought with my shot doesn't shape like a straight down I just had to keep on looking out the window because I was like I don't know what it was even like after one of my buddies said to me it's not unreasonable that that was that because I've seen you shank plenty that looked like that exact shot shape.

SPEAKER_00 26:39

It looked like you were shanking it every hole which is not unheard of and I said no no no no all right now what's on my wrist today so uh this is a great one I got this January 2024 um from Mitch it's an Odemar Piquet it is the Royal Oak Offshore Carbon Diver. It's a great one loved it it was uh coming off of a great 2023 um one of those where you know as you know I tried to do it once a year for different reasons and different milestones so I hit a financial milestone in my career at the end of 2023 my wife and I together as we do everything together. So this was kind of that that year it was uh I haven't had an AP it's my first AP Otomar Piquet um I loved it um you can see you know the black dial uh with the yellow um you kind of accents uh it came with a black strap I decided to say um you know not that I'm uh flashy or whatever but I really really loved the look of this and pictures with the yellow strap so I did order the yellow strap separately um put it on myself took me forever to figure out how to how to replace this strap as opposed to other um watches I've done over and over again but um this one is is a fun one I I don't wear it a lot um because of the yellow it's certain things I thought um with the um with the shirt today it would go well and you know actually I'm lying I picked the watch first and I I I decided to go with the shirt to match the watch obviously uh usually it's the other way around I'll get an outfit and I'll match a watch to it but um you know if you could see it matched my shoes and my belt to the watch as well so um it's a fun one love it um my one and only AP that I have and uh I'm sure Mitch will try to get me into another one here in the future but he also addicted me to the Jacob and Co as well so who knows what the next one will be um you know Rolex AP you know whatever maybe a tag I don't know um but this one is a great one um couple years old now and um still is just as fun every time I put it on as it was when I got it that first day. So hope you guys enjoy that one we talked about toys you know some of the fun stuff that I've been able to experience in my life and uh one of the big ones as I mentioned in in there was the Aston Martin and we're gonna have a chance to show you a deep dive and take a look at um one of the most beautiful cars I think I've ever seen and I've had the opportunity to purchase uh and be a part of is the Aston Martin DBS 770 Ultimate it is a limited edition there's only 300 made in the world of the coupe believe it's 199 uh convertibles are made but it was an invitation only car um it is a 5.2 liter twin turbo v12 uh it has an incredible 770 PS uh which is UK speak for 759 horsepower uh 900 newton meters of torque um basically it is just a absolute beast on the road it sounds amazing um all carbon fiber um you'll be able to take a look at the outside of it the inside of it um everything is bespoke it's an invitation only car uh being that there was a very very limited edition of them made um which is just an honor to be able to be able to get into one um it's my third Aston Martin um 211 mile an hour top speed uh 0 to 60 in 3.2 seconds um 21 inch um bespoke wheels that are uh made just for the DBS itself um it is basically a going-away edition uh the dbs has been around for a long time uh I started really getting into the DB versions um when I first saw James Bond as I mentioned on the course um growing up in the town called Aston myself uh the Aston Martin DB5 was that first Aston Martin that was just like wow that is just absolutely beautiful maybe one day I'll get lucky enough to get a restored one um but it it's just a beautiful addition and over the years dB5 db7 you know all the way up to the current model which is the DB12 um in certain years they made what was called the DBS is the supercharged version um so this one is the supercharged version of the DB11 the last year they're making the DBS um the DB12 the the twin turboed version of that is called the Vanquish they're bringing that back after a long long time away but this is basically a 5.2 liter V12 twin turboed monster on the on the course everything is hand stitched everything is handmade uh Aston Martin builds everything themselves it's it's put together um you'll see the nameplate right on the front of the engine of someone who goes through and is the final inspection person that gets to go through uh and look at everything um it's run through what's called the queue by Aston Martin um which is basically their bespoke personalized program um get to go in and you basically get to dictate everything the color the color of the car where the the carbon fiber accents um are are coming out you get to you know detail the internal the seats um you know the wood inlays that you'll see in the doors and around the console um all the leather that's wrapping everything the suede that's kind of accenting along the uh inside and the outside um of the roof lining um the whole car is just something that I've been dreaming about since day one um of me you know kind of going through my life of you know what toys do I want um being successful in life you know what do I want to do and this is just something that just was a ability for me you know 2023 Aston Martin um they came out and decided this was going to be the last year they're making the DBS yeah I really really wanted to get one and I had the opportunity um shout out to FC Kerbeck Aston Martin um being a customer of theirs for a while now they they were able to get me one and uh it was something I just didn't think I'd have that opportunity and having a car that's one of 300 in the world that's a limited edition that'll live on forever that is just something that is just beautiful the performance the look the feel and just how you feel when you sit inside of it is is something that's just amazing. I think you're gonna enjoy the the walk around that we're gonna do um the video that Devin was able to achieve in this the intricate details of the engine work the hood scoops um the side rails um the back um just all the aerodynamics that are coming in through the the side windows that vent out the the rear of the car itself um the exhaust the quad exhaust everything is just beautiful um so hopefully you enjoyed as much as I do taking a look at it seeing it on the road uh seeing you go through uh you know some some of the machinations hopefully you can hear uh some of the sounds uh that it gives off it was it's quite quite loud um the popping gives you that kind of like really really uh is satisfying when you you're just dropping the hammer on it so uh it's something I don't have a lot of miles on it I think uh it's three years old now I think I have less than a thousand miles but every time I get in it it's uh it's hard not to want to go just drive it all the time um but again being what it is it's it's more of a sentimental um piece for me that's not something I I think's worth driving every day it's something that is meant to be um observed something that's meant to be appreciated um one day I'll get it on the track um to see uh test out that I don't know if we'll test out the full 211 mile an hour top end but uh it's made to be out on the track so that's what I want to do one day but for right now it's still I would say in the break in period after we get a couple thousand miles on it years down the road maybe we'll get it out on the track but um wanted to share with you folks uh got a lot of great feedback with the the Batmobile the Cybertruck wrap so figure we give you insights into another toy and maybe we'll do some other toys down the road in the future so thanks guys for uh taking a look but enjoy the car uh enjoy the sounds the sights and all the details it's uh like I said just a dream come true for me and yeah something I've wanted for a long time