CarEdge Live

Today Ray and Zach discuss the three key ingredients you need to have in order to negotiate the best possible car deal. Ray goes in depth on each, and provides examples for how they work and why it is so important you have them.

Access the Market Price Report now: https://app.yourautoadvocate.com/

Today Ray and Zach Shefska discuss how much you should spend when buying a car, truck, or SUV. Ray explains the 10% rule, where you take 10% of your gross income, and allocate that as your maximum total vehicle payment (including insurance, gas, etc.)

Read the original guide, or watch the YouTube video here: https://yourautoadvocate.com/guides/how-much-should-i-spend-on-a-car/

Buying a car isn't easy. Buying a car, truck, or SUV during a global pandemic? That's even more challenging. On today's episode of Auto Insider from Your Auto Advocate, former car dealer Ray Shefska provides his advice for how you can buy a car from home during the ongoing coronavirus pandemic.

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Today on the Auto Insider podcast Randy Henrick, a 30-year expert in consumer protection laws and auto dealer sales and F&I compliance joins the show. Randy has an extensive career as a customer advocate in automotive finance. He worked for 12 years for Dealertrack, Inc. as their regulatory and compliance attorney, wrote all of Dealertrack's Compliance Guides, and has extensive experience in all aspects of front-end compliance.  Randy spoke at the 2015 - 2020 NADA national conventions and speaks to industry and trade associations on regulatory and compliance best practices for dealer risks.

We're thrilled to have Randy on the show. Please be sure to go to his website to learn more about Randy and his practice: http://www.autodealercompliance.net/

One show shote: Randy said under Truth in Lending that if you advertise the APR, you have to give the other terms of credit.  Technically, you can advertise the APR alone ("0% financing available") and don't have to give the other terms unless you indicate the payment term (e.g., 60 months) or downpayment or amount of monthly payment.

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Get early access to the upcoming Market Price Report: https://yourautoadvocate.com/market-price-report/

Stay connected with Ray, Zach, and Your Auto Advocate here: https://www.instagram.com/shefska/ & https://www.instagram.com/yourautoadvocate/ & https://www.instagram.com/rasisjaz/

Connect with us on Facebook: https://www.facebook.com/yourautoadvocates

Get early access to the upcoming Market Price Report: https://yourautoadvocate.com/market-price-report/

Stay connected with Ray, Zach, and Your Auto Advocate here: https://www.instagram.com/shefska/ & https://www.instagram.com/yourautoadvocate/ & https://www.instagram.com/rasisjaz/

Today on the Auto Insider podcast, Ray and Zach discuss what it was like working in the car business for 43 years, and why Ray recommends you don't start your career selling cars. The limited earnings potential, perception that you're the "scum of the earth" from your peers, and the time commitment it takes to be a "successful" car salesperson are just a few of the reasons why Ray doesn't recommend you go into the car business.

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Access Deal School FOR FREE: https://yourautoadvocate.com/deal-school

Stay connected with Ray, Zach, and Your Auto Advocate here: https://www.instagram.com/shefska/ & https://www.instagram.com/yourautoadvocate/ & https://www.instagram.com/rasisjaz/

Today on the Auto Insider podcast, Zach shares the origin story of Your Auto Advocate. What initially started as Ray's Car Buying Service in 2017 has transformed into Your Auto Advocate.

Zach shares the story of how Your Auto Advocate came to be, including the unlikely beginnings, and his dad's initial lack of interest in supporting the business.

Connect with us on Facebook: https://www.facebook.com/yourautoadvocates

Access Deal School FOR FREE: https://yourautoadvocate.com/deal-school

Stay connected with Ray, Zach, and Your Auto Advocate here: https://www.instagram.com/shefska/ & https://www.instagram.com/yourautoadvocate/ & https://www.instagram.com/rasisjaz/

Today on the Auto Insider podcast, Ray and Zach discuss the latest trends in the used car market. Wholesale prices have seemingly hit the "peak" and are on their way back down. We've seen back to back weeks of decreased wholesale used car prices.

BlackBook, one of the industry authorities on used vehicles has reported that the quality of inventory for sale at the auction has deteriorated. Wholesale used car supply is running so low that dealer's are unable to keep their lots full enough to sell to retail customers.

The New York Times recently published an article titled, "Want to buy a used car? So does everyone else." Ray and Zach discuss this as well.

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Stay connected with Ray and Zach here: https://www.instagram.com/shefska/ & https://www.instagram.com/rasisjaz/

You don’t need to look far to realize that used car prices have been incredibly volatile over the past few months. Amidst the ongoing global COVID-19 pandemic, many aspects of life have changed, and the automotive industry has been no exception. Over the past few months we’ve seen supply shortages, once in a lifetime manufacturer incentive deals, and used car prices that defy reality.

It goes without saying that 2020 will certainly be a year we never forget for myriad reasons.

To better understand the true impacts the past few months have had on used car prices, the team over at iSeeCars.com, led by Julie Blackley, conducted a research study on used car price changes. Their findings? Both surprising and telling. A lot of vehicles have seen their values increase, while a select few have actually gone down in price (who would have guessed).

We highly recommend you take a look at the full report here, but in the meantime, we’ve distilled some of our favorite insights for you. Without further ado, let’s dive in.

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BECOME A BETA TESTER, PLEASE! https://yourautoadvocate.com/

Stay connected with Ray and Zach here: https://www.instagram.com/shefska/ & https://www.instagram.com/rasisjaz/

Today Ray and Zach discuss the state of the used and new car market. What effects will the end of government subsidies have on car prices? When should you buy your next new or used car? Is now the right time to buy? Ray and Zach answer these questions and more in today's episode.

Axios Navigator: https://www.axios.com/newsletters/axios-navigate

Connect with us on Facebook: https://www.facebook.com/yourautoadvocates

BECOME A BETA TESTER, PLEASE! https://yourautoadvocate.com/

Stay connected with Ray and Zach here: https://www.instagram.com/shefska/ & https://www.instagram.com/rasisjaz/

Today Ray and Zach discuss the current state of the used car market. If you're thinking about buying or selling your used car, you'll definitely want to watch this first. New data from BlackBook and Manheim provide insights into the current and future state of the used car market.

BlackBook report: https://www.blackbook.com/covid-19-market-insights-8-19-20/

Manheim report: https://publish.manheim.com/en/services/consulting/used-vehicle-value-index.html