Allison Pohle

speaker

908 appearances 18 recordings 1 series first heard Apr 2021 last heard Dec 2024

Allison Pohle’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Buying a Car? These Tips Will Help You Be a Smart Shopper. · 19 Jul 2021 podcast

They tend to have higher availability in the dealerships and they can come in at a lower price point. voice-verified

Some consumers who can't find new models are looking at used models with lower mileage. voice-verified

So if you're willing to buy an older used car, you might be able to get a better deal because then you won't be competing with the buyers who are going to pay top dollar for those newer low mileage cars. voice-verified

So even though incentives for car shoppers are at their lowest in quite a while, there are still discounts that are often available. voice-verified

So there are discounts available for recent college graduates as well as members of the military. voice-verified

There are also friends and family discounts for certain manufacturers, depending on your employer. voice-verified

You might also try looking at a club membership such as to Costco. voice-verified

to find discounts there. voice-verified

And outside of that, you might also try searching for a vehicle outside of your geographic area. voice-verified

So experts told me that certain states, such as Florida and Texas, currently have low inventory. voice-verified

But if you're willing to look elsewhere, such as in New York or Washington, D.C., you might find more availability. voice-verified

There are so many resources out there which can be really helpful to consumers. voice-verified

So there are websites such as Edmunds, CarGurus, and Kelley Blue Book. voice-verified

And these allow you to research makes and models as well as reviews and prices. voice-verified

So you can look at cars that are listed at dealerships, new and used, to see what types of deals are out there and get an idea of price before you head into the dealership. voice-verified

Even if you have an old car, you should not assume that it isn't worth anything. voice-verified

So the average transaction price for vehicles sold at dealerships that had between 100,000 and about 110,000 miles was more than $16,000 in June of this year, which is a 31% increase compared to last year. voice-verified

So you might be getting more for that old car that you didn't think much about, and you can use those earnings to offset the cost of your new purchase. voice-verified

One expert I spoke to said if you find yourself compromising on the color or even the brand of car, you might consider leasing for a short amount of time until the market improves. voice-verified

And he said, if you can't get what you really want, you might as well borrow what you kind of want. voice-verified

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