Jesse Cramer On The Astounding Math Behind Car Ownership (Rewind) (EP.156)
The Long Term Investor · Peter Lazaroff
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Show Notes
Jesse Cramer, author of The Best Interest, joins the show to share his in-depth research into the astounding math behind car ownership. This episode originally aired in 2023 and was a top interview of the year. Although this is a replay, the content shared is just as relevant today and important to consider for the impact big purchases can have on your finances.
Listen now and learn:
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How to evaluate the impact of time owned vs miles driven
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When purchasing a used car is smarter than buying a new car
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How leasing compares to owning from a cost perspective
To see the original show notes, YouTube interview, and resources visit this page: EP 116: The Astounding Math Behind Car Ownership with Jesse Cramer.
Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.
TIMESTAMPS
(4:08) The Primary Costs of Car Ownership
(11:08) Buy a New Car vs Buying a Used Car
(17:48) The Difference in Cost of Owning a Gas vs Electric Vehicle
(19:08) Evaluating a Car's Utility
(28:08) Buying a Car vs Leasing a Car
(32:08) When to Repair a Car vs Buy a Car