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The Clark Howard Podcast

07.13.21 Vehicle Pricing Madness - Word to Buyers & Sellers / Supplements & Herbal Remedies - A Warning.

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 13 July 2021

⏱️ 26 minutes

🧾️ Download transcript

Summary

Used car prices have gone through the roof! Clark’s personal car selling story and an important warning for shopping used cars. / 3/4s of us take some form of herbal remedy and/or supplements. The FDA reports weight loss, muscle building, and sexual aid products pose the greatest risk. What certifications to look for when buying supplements. Ask Clark topics include: 5 Ways to Recognize Fraud and Scams | FEMA.gov / How to sell your house by owner \\ Want more money advice? Sign up for Clark’s free daily newsletter! Free Advice: Clark's Consumer Action Center Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's my pleasure to welcome you to the Clark Howard Show, our mission to serve and empower

0:10.3

you to make better financial decisions in your life.

0:14.6

Today's episode talked about how used car prices have gone through the roof.

0:20.3

I have a personal story about this to share with you and also some advice if you're shopping

0:25.4

for a used car.

0:27.4

And later I have a very, very important warning for you if you take any herbal remedies

0:33.8

or dietary supplements.

0:37.0

So used vehicle prices are unbelievably high right now.

0:46.8

And I need to take you down memory lane in my life.

0:52.8

We have been, there are people that are minivan drivers and people that are SUV drivers.

0:58.7

We had been minivan drivers, see I said had instead of have.

1:03.8

Since 1996, minivan city, we've had a number over the years and we kept the last one just

1:16.4

short of 10 years and bought a new one two years ago.

1:24.0

Well we realized we were putting virtually no miles on that minivan because our lives

1:32.5

had changed.

1:35.0

Three kids, two are now adults, one is a 10th grader.

1:42.8

And so the minivan had become irrelevant.

1:48.0

So I go online to edmunds.com which I think is owned by CarMax now.

1:54.1

But I go on Edmunds to praise my car.

1:59.6

And the appraisal to my shock comes out $2,000 higher than I paid for the van brand

2:09.2

new two years before.

2:11.9

Now you may wonder why was I buying a new vehicle?

...

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