Buying, Selling, Leasing and Trading In Cars with Car Dealership Guy

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Mar 13, 2024

Yossi Levi, the Car Dealership Guy and founder of Gettacar, shares savvy advice on navigating the car market. He explains how the shift from a seller's to a buyer's market brings new opportunities, along with the impact of rising interest rates on financing options. Levi emphasizes the importance of thorough online research and tips for confident negotiations. He also discusses the pros and cons of buying versus leasing, especially for electric vehicles, and how to maximize trade-in values through smart strategies.

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INSIGHT

Current Car Market

The car market is rebounding, becoming more favorable for consumers after a period of markups.
Increased new car supply and competition are driving prices down, shifting to a buyer's market.

INSIGHT

Interest Rate Impact

Rising interest rates disproportionately affect car buyers with lower credit scores.
Dealers face higher inventory costs, leading to more aggressive pricing strategies.

INSIGHT

Dealership Profitability

Dealerships profit from both car sales and "back-end" products like warranties and add-on services.
New car profit margins fluctuate based on brand, incentives, and market conditions.

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