All the Hacks with Chris Hutchins
Buying, Selling, Leasing and Trading In Cars with Car Dealership Guy
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.
44:21
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Quick takeaways
- New car supply is increasing, leading to decreased markups and transitioning to a buyer's market.
- Interest rates impact car financing, pressuring dealers to move inventory quickly with aggressive pricing strategies.
Deep dives
Overview of Car Market
The car market is observed to be rebounding to a more favorable state for consumers after experiencing supply chain disruptions and markups. New car supply is rising rapidly, leading to decreased markups and increased discounts, transitioning towards a buyer's market.
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