Buying a car can be overwhelming, but we’ve got you covered! In this episode of Black Out, we sit down with car expert Christian Charvet to break down everything you need to know before making a purchase. We explore the pros and cons of leasing vs. buying, helping you decide which option makes the most sense for your financial situation. We also uncover the hidden language that dealerships use to upsell, lock you into bad deals, and manipulate financing terms. Whether you’re debating between a new or used car, we discuss the benefits and pitfalls of each and share expert tips on how to avoid costly mistakes. Most importantly, we reveal insider negotiation strategies that can save you thousands. Learn how to spot dealership tricks, what to say to get the best price, and why walking away might be your most powerful tool. If you’re in the market for a car or just want to arm yourself with knowledge before stepping into a dealership, this is a must-watch! #BlackOut #CarBuying #LeasingVsBuying #CarDeals #AutoExpert #ChristianCharvet #NewVsUsed #CarTips #CarBuyingGuide #DealershipTricks - **Guest Introduction and Background** - [00:01:00] - **Importance of Car Buying Education** - [00:03:12] - **Car Market Changes (COVID and Post-COVID)** - [00:05:28] - **Being Prepared When Going to a Dealership** - [00:07:10] - **Credit Scores and Their Importance** - [00:10:22] - **Used Cars vs. New Cars** - [00:12:55] - **Leasing vs. Financing** - [00:20:01] - **Researching and Finding Deals & Incentives** - [00:22:40] - **Getting a Good Deal** - [00:27:00] - **Hidden Fees and Upselling Tactics** - [00:31:20] - **Early Termination Fee and Lease End Process** - [00:40:05] - **Deep Dive into Leasing and Financing** - [00:41:36] - **Tax Incentives and EV Incentives** - [00:45:50] - **Understanding Trade-In Values** - [00:50:25] - **Dealership Language and Terminology** - [00:55:52] - **Gap Insurance** - [01:01:41] - **Financing Through Dealership vs. Third Party** - [01:03:31] - **Down Payments on Finance Vehicles** - [01:06:12] - **Advice for First-Time Car Buyers** - [01:08:15] - **End of Lease Guide** - [01:10:20] - **Conclusion and Contact Information** - [01:14:04] Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Welcome back to Market Mondays! In today's compelling clip, we're excited to host financial literacy advocate and entrepreneur John Hope Bryant. John delves deep into the crucial role of credit scores in our lives, emphasizing why improving your credit score by 100 points can be as life-changing as finding God or discovering true love. *Key Insights in This Clip:* **Economic Decisions in Elections**: John starts by sharing a thought-provoking perspective on politics and economics. He argues that political elections are often more about financial outcomes than social issues, underlining the vital role of the economy in shaping leadership decisions. **Capitalist Reality**: He highlights the fundamental truth of our society — we live in a capitalist democracy where almost every aspect of life is intertwined with economics. From the operations of churches to the global agricultural history, he makes it clear that money matters in all spheres. **Credit Scores in Marriage and Life**: John humorously yet seriously discusses how credit scores should be a key consideration in personal relationships. He points out that after the initial attraction fades, financial compatibility remains crucial, making your partner a business partner for life. **Historical Economic Context**: He provides a historical context, explaining how economic needs, rather than just social prejudices, have driven events like slavery. Recognizing the agricultural skills and resilience of enslaved Africans, he illustrates how economic incentives have shaped societal structures. **Widespread Impact of Financial Literacy**: John underscores the undeniable impact of money on various social issues, including divorce, domestic abuse, stress, and politics. He asserts that understanding and managing finances can alleviate many of these problems. **Power of Good Debt and Credit**: Using examples of successful billionaires, he explains how good debt and high credit scores have been fundamental to their success. He stresses that improving one's credit score opens doors to better financial opportunities. **Consequences of Poor Credit**: He paints a stark picture of neighborhoods with low credit scores, highlighting the high costs of living, increased crime rates, and lower life expectancies. He contrasts this with high credit score neighborhoods, showing the vast difference a good credit rating can make. **Challenges in the Black Community**: John addresses the specific challenges faced by African Americans in terms of credit scores and financial opportunities. He discusses the average credit scores within the Black community and the larger economic implications, including lower homeownership rates and future financial predictions. **Empowerment Through Credit**: Despite the challenges, John offers hope by emphasizing the empowerment that comes with fixing your credit score. He states that improving your credit can transcend racial and socio-economic barriers, allowing for greater financial freedom and opportunities. Watch this informative clip and discover why John Hope Bryant believes that moving your credit score 100 points can be transformative for anyone. Don't forget to like, comment, and subscribe for more insightful conversations on Market Mondays! *Hashtags:* #MarketMondays #JohnHopeBryant #CreditScore #FinancialLiteracy #EconomicEmpowerment #MoneyMatters #Capitalism #FinancialFreedom #HomeOwnership #PersonalFinance #WealthBuilding #SelfEmpowerment #BlackWealth #SmartInvesting #CreditRepair --- Feel free to leave your questions and thoughts in the comment section below. We're here to help you navigate your financial journey! Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy