All the Hacks: Money, Points & Life

Getting the Best Deal on Your Next Car with LeeAnn Shattuck

5 snips
May 26, 2021
LeeAnn Shattuck, founder of The Car Chick and champion race car driver, shares her car buying expertise. She discusses common misconceptions in the car market, the benefits of buying new versus used, and strategies to negotiate the best deals. LeeAnn emphasizes the importance of understanding vehicle depreciation and reliability, and offers innovative tips like renting cars before purchase. She also covers the complexities of inspections and negotiations to ensure listeners drive away in their ideal car at a fair price.
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ADVICE

New vs. Used

  • Consider lifestyle, mileage, and depreciation when choosing new vs. used.
  • High-mileage drivers should buy newer cars, while low-mileage drivers have more flexibility.
INSIGHT

Depreciation Factors

  • Truck depreciation differs from sedans due to work usage.
  • Reliability and initial price greatly influence a car's depreciation rate.
ADVICE

Reliability Research

  • Use Consumer Reports and carcomplaints.com for reliability research.
  • Remember cheaper cars may have reliability issues due to owner neglect, not inherent flaws.
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