In this episode of Wealthion, host Andrew Brill interviews Brandon, a seasoned used car dealer and YouTube sensation known for his channel "Car Questions Answered."
Brandon shares invaluable insights on how to navigate the tricky world of used car buying, revealing common scams, the impact of current economic conditions on car prices, and essential tips for ensuring you don't get ripped off.
Whether you're in the market for an affordable vehicle or simply want to stay informed about the latest trends and risks in the used car industry, this episode is packed with practical advice and insider knowledge. Don't miss Brandon's expert recommendations on what to look for, how to verify car quality, and the best time to make a purchase.
TIME STAMPS:
00:00 - Introduction
02:58 - Used vs New Cars
04:41 - Certified Pre-Owned: Worth It?
06:18 - Finding Reputable Dealers
09:17 - Car Auctions and Mechanics
11:21 - Using Carfax and KBB
13:16 - Car Market Trends
15:11 - Best Time to Buy a Car
16:38 - Impact of Economy on Car Sales
19:50 - New vs Used Car Dealers
22:09 - Financing Used Cars
24:55 - Online Car Dealers
26:54 - Salvage Titles
29:17 - Increase in Repossessions
31:01 - Unique Car Auctions
33:20 - Checking Car Titles
33:35 - Used EV Market
35:31 - Interest Rate Cuts and Car Sales
37:32 - COVID Impact on Car Sales
39:35 - Final Advice
40:45 - Where to Find Brandon
41:32 - Conclusion
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