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Kosher Money
Buying vs. Leasing Cars in 2024 | What No One Tells You
Jul 30, 2024
Yossi Levi, known as the Car Dealership Guy, is a go-to expert on the auto market with a wealth of insider knowledge. He dives into the pros and cons of buying versus leasing cars, highlighting how to navigate the changing market and timing your purchase. Levi discusses the rising popularity of electric vehicles, especially Teslas, along with the benefits of federal tax credits. He also shares savvy negotiation tactics and practical tips for everyday shoppers looking to make informed automotive decisions.
01:03:46
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Quick takeaways
- Costco's success in the automotive market is driven by attractive leasing options and bulk sales, enabling customers to secure better deals.
- Choosing between leasing and buying a vehicle hinges on personal financial situations, desired features, and market trends affecting vehicle prices.
Deep dives
Costco's Dominance in Car Sales
Costco has emerged as the number one seller of new cars in the United States, surprising many in the automotive market. This is largely due to its ability to offer attractive leasing options and deals, particularly for models like Volvos. The concept of bulk sales through membership provides Costco with leverage in negotiating lower prices, enabling it to pass savings on to its customers. People are encouraged to explore Costco's offerings while also considering other dealerships to ensure they are getting the best deal possible.
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