Used Car Insights with Ian Bishop
Abrahams Wallet2 Aug 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!

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/2017/11/27/what-is-abrahams-wallet/

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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

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Could there be a lurking trap in the oft-glamorized world of debt freedom? This week I sat down with Scott Dotson and heard something I’ve never heard before in the personal finance media – that there was a hidden, dangerous side to the path he and his wife walked as they aggressively eliminated almost $200k in debt over 3 years. Tune in for some wise words to anyone thinking about how to approach tackling their debt (and don’t worry, we’ll still be rooting for you as you pay that stuff down).

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