Used Car Insights with Ian Bishop

Used Cars! What a quagmire! Every fraught transaction can leave you feeling like “I got screwed!” And it can feel like the wild Wild West with bandits around every corner, trying to pawn lemons to the uninformed. Steven has a long conversation with Ian Bishop, who has an insider’s perspective on how this industry really works. He tells us how to maximize trade-ins, when to get rid of your car, how to consider future payments, and even some tips on which 3rd row SUV is a particular GET right now! Listen to Ian and Get Savvy! Abraham's Wallet exists to inspire and equip Biblical family leaders. Please partner with us in inspiring and equipping multi-gen families at https://abrahamswallet.com/donate/ About Abraham's Wallet: AW website: https://abrahamswallet.com/201....7/11/27/what-is-abra Apple Podcasts: https://podcasts.apple.com/us/....podcast/abrahams-wal Spotify: https://open.spotify.com/show/....6xbcf3IhayaoKB4sTegP YouTube full episodes: https://www.youtube.com/@abrahamswallet Twitter: https://twitter.com/abrahamswallet Facebook: https://facebook.com/abrahamswallet Instagram: https://www.instagram.com/abrahamswallet This Week's Episode Rundown: 0:00 introduction to the episode 2:54 1 Is this a good time to buy a used car? 3:54 2what’s happening on the car market? 6:33 3 it is good time to sell a car? 7:05 4 recommendations when buying a car 12:25 car dealership models 13:35 independent dealers 14:43 franchise model 18:24 5 it is better to pay cars in cash? 20:51 6 it is better to sell to individuals? 23:09 7 secret: relationship with dealer 24:54 poverty mindset 26:14 difference in rates based on how old is the car 29:36 Steven’s situation: selling an old Toyota Land Cruiser 33:03 interruption 34:33 personal advice 37:45 8 how cars depreciate 40:20 9 trusting car brands 45:50 recap and preview follow-up episode