Finally completed my mobile audio system

Is it worth to record your vinyl using lossless? How well will it do with ipod streaming for the vehicle since we can't use vinyl in cars?

here is the youtube link to my system
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I record my vinyl in lossless to my ipod, and it is certainly more than satisfactory for use in my car.
I did the same using garage band but it also recorded the popping from the vinyl which is annoying.