logo
episode-header-image
May 2017
41m 56s

022 | The True Cost Of Car Ownership

ChooseFI
About this episode
Most people think about car ownership in monthly payments — $400 here, $500 there. A comparison between two car buyers reveals a more sobering reality: smart choices can yield an additional $742,000 for retirement over 45 years. Jonathan and Brad break down car ownership costs, contrasting the financial independence approach with conventional car buyer behav ... Show More
Up next
Sep 7
616 | How Should You Give Money to Your Kids? | 529s, UTMAs, Trump Accounts & More
Most parents rush to open 529 plans for newborns, convinced they're building their child's future. But here's what financial experts won't tell you: that decision might be destroying more value than it creates. The accounts marketed most aggressively to new parents often provide ... Show More
1h 9m
Aug 31
615 | How to Get More Years of Freedom | Fritz Gilbert
Eight years into financial independence, Fritz Gilbert discovered something surprising: learning to spend money is harder than learning to save it. After decades of optimizing every dollar toward early retirement, he found himself in a 90-minute internal debate over whether to sp ... Show More
1h 17m
Aug 24
614 | Getting Personal with Personal Finance: Oz Chen
Most Americans never truly disconnect from work—even on vacation. After decades of tying your identity, daily rhythm, and sense of worth to a paycheck, stepping away feels less like freedom and more like freefall. Oz Chen spent years financially independent before he could accept ... Show More
1h 3m
Recommended Episodes
Feb 2025
How Much Car Can You Really Afford (By Income!)
In this episode of the Personal Finance Podcast, we're going to talk about how much car can you afford by income. How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future w ... Show More
34m 33s
May 2024
Should You Pay Cash or Finance A Car? (This May Surprise You!)
In this episode of the Personal Finance Podcast, we are going to talk about should you pay cash or should you finance a car? How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to ... Show More
38m 44s
Jan 2024
When Should You Buy a New Car?
How do you know when it's time to buy a new or used car instead of maintaining your current car? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the ... Show More
33m 16s
Oct 2023
How to Buy a Car the RIGHT Way! (20/3/8 Rule)
Cars have gone up significantly in price over the last few years. How can you buy a car without breaking the bank, and what type of car should you be looking at? Get the answers to all of your car questions in our ultimate car-buying show! Jump start your journey with our FREE f ... Show More
39m 16s
Aug 2022
Why Leasing a Car Is Like Lighting Money On Fire
In this episode of the personal finance podcast, we're gonna talk about why leasing a car is like setting money on fire. Join the Master Money Newsletter Here Checklist of relevant episodes: How Much Should You Spend on a Car? (My Answer May Surprise You!) How You Can Have a Free ... Show More
34m 59s
Nov 2023
"Do I Have to Pay My Car Off in 3 Years?"
We talk a lot about the 20/3/8 rule for car-buying, but are there situations where paying a vehicle off in more than 3 years makes sense? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your ... Show More
31m 54s
Jun 2025
This Car Finance Mistake Could Cost You Thousands
This week, we’re talking about one of the biggest money traps out there: car finance. It seems simple... buy the car, pay it off... but what if the way you’re financing it is quietly costing you thousands? From mortgage refinancing to dealership loans, Victoria breaks down the sm ... Show More
41m 24s
Nov 2022
Killer $5,000 Cars & The Future of EVs with Consumer Reports’ Mike Quincy #589
<p>Aside from buying a home, buying a car is one of the most expensive one-time purchases that we make. This is a part of the reason why we spend a decent amount of time talking about cars! Over 16% of American household budgets are spent on transportation, so get this one decisi ... Show More
58m 53s
Apr 2023
How Long Should it Take to Pay Off Your Car?
What do we recommend for buying a car, and why do we recommend doing it that way? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship t ... Show More
32m 41s
Dec 2023
Does It Ever Make Sense to Lease a Car?
When you're planning on getting a new car, should you always buy, or does it ever make sense to lease a vehicle? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our pr ... Show More
28m 14s