“I Need To Stop!” Hoovie’s Garage Breaks Silence on Getting Scammed, Losing Money, & Starting Over

The Iced Coffee Hour

Graham Stephan/Jack Selby

Entrepreneurship, Business

4.4 • 786 Ratings

🗓️ 7 February 2026

⏱️ 140 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bizee: #Ad Big thanks to Bizee for sponsoring today’s video – they make starting an LLC super simple: https://bizee.com/ich Fora Travel: Become a Fora Advisor today at http://foratravel.com/icedcoffee Cozy Earth: Luxury bedding & loungewear - use code ICH for up to 40% off at https://cozyearth.com Shopify: Sign up for a $1 per month trial period at https://shopify.com/ich Follow Hoovie here @HooviesGarage Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Apply for The Index Membership: https://entertheindex.com/ Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: tmatsradio@gmail.com For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00:00 - Intro 00:01:29 - Selling cars to pay taxes 00:02:25 - Cars sold to pay taxes 00:04:37 - Buying a Bugatti 00:07:50 - Bugatti maintenance costs 00:13:38 - Buying cars he can’t afford 00:18:38 - Sponsor - Bizee 00:19:58 - Biggest car loss 00:30:58 - Easiest vs hardest cars to work on 00:34:28 - Are new cars more reliable? 00:36:19 - Sponsor - Fora Travel 00:37:36 - Cars bought vs sold lifetime 00:40:53 - Biggest car profit 00:43:08 - Avoiding car depreciation 00:45:50 - Non-depreciating cars by budget 00:48:59 - Cars he regrets selling 00:50:32 - Financial advice 00:52:02 - Dishonest car sellers 01:00:30 - Can car prices be manipulated? 01:01:37 - Sponsor - Cozy Earth 01:03:20 - Sponsor - Shopify 01:04:58 - Lifestyle sacrifices to invest 01:07:07 - Financial stress 01:17:41 - Life changes that helped 01:25:44 - Does more income improve life? 01:34:02 - Is the Gullwing a good investment? 01:35:20 - Best investment cars 01:36:49 - Lotus Esprit purchase 01:38:25 - Unreliable car brands 01:42:18 - Underrated car brands 01:45:26 - Car brands that may fail 01:46:42 - Car companies that shouldn’t exist 01:47:34 - Low-maintenance cars 01:49:11 - Auction market outlook 01:51:26 - Selling stolen cars? 01:52:37 - Does he own a stolen car? 02:00:10 - Cars that ruin finances 02:02:12 - Rapid-fire questions 02:06:57 - Tier list 02:14:44 - Mount Rushmore of car creators *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Could AI help you do more of what you love?
0:03.1	Workday is the next-gen ERP powered by AI that actually knows your business.
0:08.4	We help you handle the have-to-dos so you can focus on the can't-wait-to-dos.
0:13.2	It's a new workday.
0:15.0	There was a point where I'm driving a Bugatti-Veyron, and I have less than $1,000 in my bank account, literally.
0:22.7	Welcome to Hoovies Garage, the dumbest automobile channel in all of YouTube.
0:26.8	So do you think, then, your viewers like seeing you in financial distress?
0:30.7	Yes.
0:31.3	To buy this thing, I did have to sell a couple of my cars.
0:35.0	I think people love to think, wow, I'm not as dumb as this guy.
0:39.3	Like, okay, at least I'm not that stupid.
0:42.6	Turn it off, but it's right.
0:44.4	That's all the fuel.
0:45.3	How many cars have you sold to pay your taxes?
0:47.3	I don't know.
0:48.3	It's usually like six to twenty to sell to pay taxes to me how bad it is.
0:52.0	Is literally every single penny just going into cars? I'm not that bright. What can I do next to make myself, you know, flail my arms? Look at me, I'm buying a Bugatti, you know, because that's what everybody was doing. And I thought I needed to chase that to continue to get the views, to continue to get the growth. And the Bugatti was just, it was just dumb. dumb. I got myself a Bugatti Bayron and then got myself in tax trouble.
1:14.6	It's been 10 years, man. What do I have left to prove? What do I need to accomplish?
1:18.6	Why do I need to chase DeVarge into his level of insanity?
1:22.6	There's going to be a lot of water in it. Yep.
1:24.6	This is the pitil woman at the turning point.
1:27.7	I'm just like, I can't, I can't operate like this anymore.
	...

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