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
Jun 1
Travel Rewards 101 | Devon Gimbel from Point Me to First Class
Devon Gimbel just booked over $250,000 in travel last year using credit card points—but she's the first to tell you award travel isn't "free." It's a strategy for 10x-ing your existing travel budget by strategically matching your routine spending to the right credit cards. Since ... Show More
1h 17m
May 25
FI 101: Teaching Financial Independence to Your Community
A dead local meetup group attracted just 5 people to its first gathering at a brewery. Two years later, that same group draws 70+ attendees to structured educational sessions, with newcomers driving across multiple states to participate. The transformation reveals something most ... Show More
1h 13m
May 18
ABLE Accounts: Major Update | Brynne Conroy
Brynne Conroy joins to discuss 529A ABLE accounts and massive new changes that nearly double eligibility for these accounts for those with disabilities. 
36m 4s
Recommended Episodes
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
Jul 2023
Why Are Cars Suddenly So Expensive?
Send us a textOver the last three years we have seen the biggest car price increases in history. Last year the average cost of a new car in the United States was forty-seven thousand dollars and the average used car price today is just under thirty thousand dollars.Car buyers tod ... Show More
17m 5s
Feb 2022
Buying A Car the Right Way #470
Some of the most important financial decisions we make are done infrequently. So because of that we feel a little rusty every time we perform that task. Buying a car is one of those infrequent decisions that can oftentimes blindside us if we’re not prepared. On one hand this can ... Show More
46m 1s
Aug 2022
To Lease, Buy, or Have No Car at All? How 2022’s Used Car Market Shifts Things
I sold my car in March 2021 and have (mostly) never looked back as part of a one-car couple, but my husband and I have been dabbling with the idea of getting a new car this year. Unfortunately, 2022 is…not a great time to buy a vehicle, as anyone who’s perused the used car market ... Show More
52m 6s
Jun 2023
Navigating the Kinda Crazy Car Market with Car Dealership Guy #679
<p>Used cars have APPRECIATED in value! This has never happened before and is a result of the upended car market that we’ve experienced over the past few years. And with this volatility comes a set of new challenges to navigate if you’re looking to buy or even sell a car. But for ... Show More
55m 20s
Jun 2020
Coronavirus: Buying a Car Part One
Times are tough for millions during the coronavirus pandemic, but for those with the financial wherewithal, it may be the perfect time to buy a new car.Low-interest and zero-percent financing deals abound, along with cash-back offers and attractive lease terms. Not to mention tha ... Show More
11m 20s
Nov 2023
Car Dealership Tricks In Real Estate
<p>On today’s show, we are talking about the importance of offering a discount without lowering your price. There is so much emphasis on sale price that the value of inventory is strongly linked to the most recent comparable sales. From the perspective of the end customer, afford ... Show More
5m 5s
Jul 2017
How to Buy a Car with Consumer Reports Auto Specialist Mike Quincy
If you live in a big city, it can be easy to forget what it’s like to depend on a car. Urbanites tend to walk, take the subway or bus, ride a bicycle, or hop in a cab to get virtually everywhere. But I grew up in the suburbs and know the vast majority of you listening to this pod ... Show More
33m 25s
Apr 2022
How to negotiate the best car deal
Buying a new or used vehicle can be an overwhelming experience for many — especially if you know very little about cars and what to be aware of before making a commitment. But cutting through the noise of slick sales talk and the many deals that are on offer in the UAE — which ty ... Show More
17m 56s
Aug 2019
So I Bought A Car & It Put All My Money Lies To The Test
Should you buy the car, should you lease the car, which car should you get? You can drive yourself crazy until you remember, it’s just a car. So I bought one, and here’s my story. What You'll Learn How I turned an expensive SUV purchase into a good money decision The money lie ... Show More
30m 50s