Used Car Insights with Ian Bishop
Abrahams Wallet2 Elo 2023

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!

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About Abraham's Wallet:

AW website: https://abrahamswallet.com/2017/11/27/what-is-abrahams-wallet/

Apple Podcasts: https://podcasts.apple.com/us/podcast/abrahams-wallet/id1462593706

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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

Jaksot(343)

Things to Do in 2020

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In this episode Mark sat down with his buddy Murray who has been through just about every car buying scenario there is, and learned a thing or two in the process. Murray went from reactive, fear-based decision making to the shrewd use of debt and careful research as he evolved from car buying novice to auto financing expert. Learn from Murray and avoid some of the pits into which he fell!

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