Smart Money Podcast: Haggling Tips and What’s Driving Volatile Car Valuation

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Welcome to BaghdadTime’s Sensible Cash podcast, the place we reply your real-world cash questions.

This week’s episode begins with a dialogue about easy methods to negotiate.

Then we pivot to this week’s cash query from a listener’s textual content message. Right here it’s:

“I’ve a query about my automobile’s worth. I monitor my funds by means of Mint they usually add the worth of your automobile as part of your web value.

I’ve tracked my automobile’s worth since Might 2020, and it has fluctuated considerably. It slowly decreased in worth since Might 2020. Then in February it dipped to $6,440. Now it’s again at $7,900. I at all times thought that your automobile’s worth at all times depreciated. Why is the worth fluctuating so dramatically? Thanks to your assist!”

Take a look at this episode on any of those platforms:

, but it surely requires talent. While you’re going into  earlier than beginning a brand new job, for instance, wait to your potential employer to make the primary supply, and be well mannered but agency when countering their supply.

If you happen to’re haggling at a flea market or a peer-to-peer app , understand that your relationship with whoever you’re speaking with could make or break the deal. Your private relationship could also be much less essential, nonetheless, if you’re negotiating the phrases at a automobile dealership or with a mortgage lender. Whether or not you’re haggling for compensation, the phrases of a mortgage or the value of an merchandise you’re shopping for on-line, go into negotiations hoping to make a deal that can make all events joyful.

Relating to understanding why your automobile’s valuation could also be fluctuating, look to the market and different components which are driving up used automobile costs. Results of the pandemic and the chip scarcity proceed to drive up automobile costs. As a result of we’re in an unprecedented second within the used-car market, attempt to maintain off on shopping for a automobile in the event you can. If you happen to’re coming off a lease, although, you may need a novel alternative to money within the fairness of your leased automobile towards a more recent car and even .

Have a cash query? Textual content or name us at 901-730-6373. Or you possibly can electronic mail us at [email protected]. To listen to earlier episodes, go to the

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