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Is it OK to Have a Car Payment? & How To Avoid an Auto Loan

Frugal Friends Podcast

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Navigating the Car Buying Maze

This chapter delves into the challenges of car purchasing, particularly focusing on the sunk cost bias and its impact on decision-making. Through personal anecdotes, the speakers highlight the importance of understanding dealership practices, the total cost of ownership, and the need for thorough research when buying a vehicle. Additionally, they discuss the value of having a trusted partner present to help mitigate emotional biases and enhance informed decisions.

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