Is it OK to Have a Car Payment? & How To Avoid an Auto Loan
Frugal Friends Podcast
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Understanding the True Cost of Car Ownership
This chapter highlights the significance of assessing the total cost of car ownership beyond just monthly payments. It discusses the financial pitfalls of high loan interest rates, the impact of extended loan terms, and the necessity of substantial down payments. The speakers encourage listeners to make informed decisions that balance their financial health with the realities of the current car buying landscape.
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