The Clark Howard Podcast 04.07.25 On Car Tariffs / 23andMe - Privacy Action Required
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Apr 7, 2025 The podcast dives into the economic implications of auto tariffs, offering guidance for car buyers in a changing market. It discusses the recent bankruptcy of 23andMe and stresses the importance of deleting personal data. Insights on using rental services like Turo for test driving vehicles are shared, alongside strategies for managing high-yield savings accounts. Additionally, the show addresses the complexities of ambulance insurance and provides tips to protect aging loved ones from financial scams.
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Tariffs' Negative Impact
- Clark Howard expresses his strong disapproval of tariffs, citing historical precedents leading to depressions.
- He emphasizes the negative impact on innovation, turning the US into an "island market."
Car Buying Advice
- If you need a car now, buy before tariffed vehicles arrive; dealers have 6 weeks to 3 months of pre-tariff inventory.
- If you only want a car, wait until you need one, as used car prices will also rise.
Minivan Purchase Advice
- Buy a new minivan, preferably a hybrid like the Sienna, Carnival, or Pacifica, due to limited used inventory and long-term ownership plans.
- Consider a 10-year warranty and consult Consumer Reports for reviews; finance through a credit union if needed.