266: Navigating the New & Used Car Market

In this episode, Johnny & Derek discuss one of their favorite subjects - cars! Your vehicle is often the second biggest asset you'll purchase behind your home, so it's important to get what fits your needs best at a great price. They'll discuss the benefits of buying new vs. used, what options are worth paying for, along with some of their favorite cars on the market now. Derek goes over what new car he just bought, how to negotiate with the dealer and get the best deal if you need to finance. Lastly, just for fun, the guys build and price out a new Porsche for Johnny online and see how much more he would have to pay to get something comparable to his used one. Discussed:  The Suzuki Jimny The Ford Bronco Sport The Lotus Emira The Mazda CX-5 (Derek's Car) The Porsche Cayenne (Johnny's Car) Where we are: Johnny FD – Ukraine / IG @johnnyfdj Sam Marks – Japan / IG @imsammarks Derek Spartz – Los Angeles / IG @DerekRadio Sponsor: Indeed Indeed knows that when you’re doing everything for your company, you can’t afford to overspend on hiring. Visit Indeed.com/ILAB to start hiring today. Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally. Time Stamp: 01:26 - Today's Car Market for Buyers 08:40 - How Derek Was Able to Rent a Car for 5 Years 18:00 - Buying New vs Used 31:20 - What Derek Bought 39:45 - Building Johnny's Porsche Online If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

Om Podcasten

Interviews with the world's best investors and find out what they are currently investing in whether it be the stocks, retirement accounts, Wealthfront, Betterment, Vanguard, mutual funds, real estate, Forex, REITs, or other types of Investing methods. Millionaire and Entrepreneur Sam Marks, Johnny FD & Derek Spartz invest alongside listeners as they share their personal portfolios as they save their hard earned money for travel, life and retirement. Invest Like a Boss covers all aspects of investing in the modern age in a fun, entertaining way. The show hosts interview the worlds best investors, financial Insiders, entrepreneurs and CEOs to find out what they are investing in and strategies to gain outsized returns. In this modern age of investing, new investment instruments are popping up each day, from P-2-P lending, to robo-advisors, equity crowd-funding to REITS. Investors today need to combine centuries of investment wisdom with an modern outlook and approach. Entrepreneurs Sam Marks, Johnny FD & Derek Spartz each took different paths to success to now focus on learning how to invest alongside the listeners in order to put their hard earned money to work. Copyright Invest Like a Boss Inc.