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Episode 2789:
Paula Pant of AffordAnything.com explores the financial debate around whether to pay cash for a car or take out a low-interest loan. Through personal anecdotes and financial analysis, she reveals the pros and cons of each approach, ultimately deciding to purchase the cars with cash to align with personal values and financial goals.
Read along with the original article(s) here: https://affordanything.com/should-you-pay-cash-for-a-car/
Quotes to ponder:
"Taking out a car loan is stupid. Right? Right?"
"Who aspires to look back on their life and say, 'I never had a car loan?' Finance nerds, that’s who."
"In the end, that’s precisely what we did. Will bought a 7-year-old Acura with 90,000 miles on it."
Episode references:
Stacking Benjamins Podcast: https://www.stackingbenjamins.com
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Optimal Finance Daily - Financial Independence and Money Advice