The Clark Howard Podcast 12.11.24 Tariffs And Car Prices / Store-Branded Credit Cards
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Dec 11, 2024 Discover how rising tariffs could lead to soaring car prices and whether now's the time to buy. Clark shares insights into store-branded credit cards, warning against their high-interest pitfalls and labeling them as 'junk credit.' Listeners also hear heartwarming stories of credit score triumphs and practical tips for navigating the holiday shopping season. Plus, get advice on tackling high rental car rates for holiday travels. Tune in for valuable financial wisdom!
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Tariffs as Bargaining Chips
- Clark Howard believes that widespread tariffs would be harmful to the economy.
- He speculates that President-elect Trump's talk of tariffs is a bargaining tactic.
Resist Tariff-Driven Car Buying
- Don't rush into buying a car solely because of tariff fears.
- The car market is overstocked, giving consumers more negotiating power.
Leasing vs. Buying Cars
- Consider buying a car if you plan to own it for five years or more.
- Leasing can be beneficial for luxury cars with good residual values, if you intend to buy after the lease.