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How can I negotiate the best deal when buying a used car?
Season 6 Episode 359
Are you feeling anxious about buying a used car? You're not alone, as many people dread stepping onto a car lot, fearing they might be taken advantage of. Today, Ralph Estep Jr. shares a transformative story about his client Hank, who saved over $5,000 on his dream car by applying patience and practical wisdom. By utilizing key strategies like setting a budget based on his monthly income, conducting thorough research, and securing pre-approval from his credit union, Hank was able to navigate the car-buying process with confidence. This episode not only provides actionable tips for negotiating the best deal but also emphasizes the importance of blending financial knowledge with spiritual wisdom when buying a used car.
https://www.askralphpodcast.com/buying-a-used-car/
Podcast Timestamps:
00:00 Episode Overview
01:02 Listener’s Question: Fred’s Car-Buying Worries
02:01 Bible Verse: Proverbs 15:22 – Success Through Counsel
02:30 Real-Life Story: Hank’s Journey to Buying a Used Car
03:42 Practical Steps Hank Followed to Navigate His Car Buying Journey
09:03 What to Look For During a Test Drive
14:25 Common Issues with Used Cars
18:05 Call to Action
19:42 8 Action Steps To Take To Get The Best Deal When Buying A Used Car
23:06 Closing
Takeaways:
- Research fair market value using multiple sources like Kelley Blue Book and Edmunds before buying.
- Getting pre-approved financing can help you avoid high-pressure tactics at the dealership.
- Create a detailed inspection checklist to evaluate the car thoroughly during your visit.
- Be willing to walk away from a deal if the terms are not favorable.
- Trust in God’s timing during the car buying process for better decision-making.
- Practice mindful spending by aligning your purchases with your personal values and budget.
Links referenced in this episode:
- Ask Ralph Insiders Community https://mailchi.mp/askralph.com/group
- Ask Ralph Show Live https://askralphpodcast.com/live
- What is your question that you would like to ask Ralph? Send Your Question here: https://justaskralph.com/
- Join our email list and get a free copy of “Mastering Your Finances” at https://askralph.com/
Companies mentioned in this episode:
- Kelley Blue Book
- Edmunds
- Nada Guide
- Carfax
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Published on 11 months, 4 weeks ago