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Money Guy Show
How to Buy a Car the RIGHT Way! (20/3/8 Rule)
Oct 20, 2023
Learn how to make informed decisions when buying a car, including understanding the true cost of ownership and the 20/3/8 rule. Discover the financial order of operations and the benefits of owning a Tesla. Compare car models and find out about exploring your options for buying a car.
37:46
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Quick takeaways
- Understanding the true cost of owning a car helps make informed financial decisions and avoid financial pitfalls.
- Following the 20/3/8 rule when financing a car can mitigate the risks and potential financial burdens associated with car loans.
Deep dives
The importance of understanding the true cost of owning a car
Owning a car comes with financial responsibilities, such as borrowing money, paying interest, and facing depreciation. It is essential to consider the costs associated with maintenance, insurance, and fuel. Understanding the true cost of owning a car helps make informed financial decisions and avoid financial pitfalls.
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Discover
highlights
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