How can I negotiate the best deal when buying a used car?

Are you feeling anxious about buying a used car? You're not alone, as many people dread stepping onto a car lot, fearing they might be taken advantage of. Today, Ralph Estep Jr. shares a transformative story about his client Hank, who saved over $5,000 on his dream car by applying patience and practical wisdom. By utilizing key strategies like setting a budget based on his monthly income, conducting thorough research, and securing pre-approval from his credit union, Hank was able to navigate the car-buying process with confidence. This episode not only provides actionable tips for negotiating the best deal but also emphasizes the importance of blending financial knowledge with spiritual wisdom when buying a used car.https://www.askralphpodcast.com/buying-a-used-car/Podcast Timestamps:00:00 Episode Overview01:02 Listener’s Question: Fred’s Car-Buying Worries02:01 Bible Verse: Proverbs 15:22 – Success Through Counsel02:30 Real-Life Story: Hank’s Journey to Buying a Used Car03:42 Practical Steps Hank Followed to Navigate His Car Buying Journey09:03 What to Look For During a Test Drive14:25 Common Issues with Used Cars18:05 Call to Action19:42 8 Action Steps To Take To Get The Best Deal When Buying A Used Car23:06 ClosingTakeaways: Research fair market value using multiple sources like Kelley Blue Book and Edmunds before buying. Getting pre-approved financing can help you avoid high-pressure tactics at the dealership. Create a detailed inspection checklist to evaluate the car thoroughly during your visit. Be willing to walk away from a deal if the terms are not favorable. Trust in God’s timing during the car buying process for better decision-making. Practice mindful spending by aligning your purchases with your personal values and budget. Links referenced in this episode:Ask Ralph Insiders Community https://mailchi.mp/askralph.com/groupAsk Ralph Show Live https://askralphpodcast.com/liveWhat is your question that you would like to ask Ralph? Send Your Question here: https://justaskralph.com/ Join our email list and get a free copy of “Mastering Your Finances” at https://askralph.com/Companies mentioned in this episode: Kelley Blue Book Edmunds Nada Guide Carfax LISTEN NOWWATCH NOW ON YOUTUBE (OUR VIDEO VERSION)WATCH NOW ON RUMBLE (OUR VIDEO VERSION)SUPPORT THE SHOWPlease share our Podcast with all your friends and family!Submit your questions or ideas for future shows - email us at [email protected] or leave a voicemail message on our podcast page