What Car Loans Are Really Costing You
Thinking about financing your next car? We break down the real cost of car loans and why they could be one of the biggest threats to your long-term wealth. We compare the impact of car debt vs. property debt and explore smarter strategies that could save you hundreds of thousands (or even make you millions) in the long run.
The Numbers Game · Martin Vidakovic, Nick Reilly, Jason Robinson
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Show Notes
Thinking about financing your next car? We break down the real cost of car loans and why they could be one of the biggest threats to your long-term wealth. We compare the impact of car debt vs. property debt and explore smarter strategies that could save you hundreds of thousands (or even make you millions) in the long run.
On this episode, we discuss:
(00:00) Intro
(00:55) Are Car Loans Destroying Wealth?
(06:29) How Car Loans Reduce Home Buying Power
(09:59) How Holding Onto Car Loans Could Cost You Over $1 Million in Long-Term Property Growth
(12:00) The Shift From Emotional To Strategic Car Buying And Why No-Debt Is His Rule
(15:26) How Branding And Culture Can Push Us Into Over Leveraging On Vehicles
(16:42) Nicks Take On What Retirees Actually Value
(17:37) The Hidden Cost Of Constantly Upgrading Your Car
(19:45) Tips For Smarter Car Buying
(23:40) When Does A Car Loan Make Sense?
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The Numbers Game is brought to you by Future Advisory & Inovayt.
Hosts:
Nick Reilly
Jason Robinson
Martin Vidakovic
This podcast is produced by VIDPOD.
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