Go offline with the Player FM app!
330. The True Cost of New Cars
Manage episode 474534458 series 2999971
Subscribe to Simplify My Money:
https://www.debtfreedad.com/newsletters/simplify-my-money
In this episode of the Dad podcast, hosts Brad Nelson, Chris, Katie, and Ryan from Debt-Free Dad dive deep into the financial implications of buying a new car. They discuss the high payments, massive depreciation, and how these factors can hinder financial freedom. They share their personal debt payoff journeys and provide insights into why Americans love new cars, debunking the myths linked to new car safety, reliability, and warranties. The hosts stress the advantages of buying used cars and outline the broader financial and emotional costs associated with new car payments. Join them as they offer strategies to break free from the paycheck-to-paycheck cycle, reduce financial stress, and build savings. Tune in to explore if buying a new car is a smart financial move or just a costly disguise.
The Totally Awesome Debt Freedom Planner https://www.debtfreedad.com/planner
Connect With Brad
Website- https://www.debtfreedad.com
Facebook - https://www.facebook.com/thedebtfreedad
Private Facebook Group - https://www.facebook.com/groups/debtfreedad
Instagram - https://www.instagram.com/debtfreedad/
TikTok - https://www.tiktok.com/@debt_free_dad
YouTube - https://www.youtube.com/@bradnelson-debtfreedad2751/featured
Thanks For Listening
Like what you hear? Please, subscribe on the platform you listen to most: Apple Podcasts, iHeartRadio, Spotify, Tune-In, Stitcher, YouTube Music, YouTube
We LOVE feedback, and also helps us grow our podcast! Please leave us an honest review in Apple Podcasts, we read every single one.
Is there someone that you think would benefit from the Debt Free Dad podcast? Please, share this episode with them on your favorite social network!
Chapters
1. 330. The True Cost of New Cars (00:00:00)
2. New Car Debate Introduction (00:00:58)
3. Why We Crave New Cars (00:03:30)
4. Safety and Reliability Arguments (00:06:03)
5. The Crushing Cost of Depreciation (00:11:49)
6. Opportunity Cost of Car Payments (00:19:25)
7. Mindset Shift: Paying Cash vs Payments (00:24:02)
8. Celebrations and Closing (00:29:02)
362 episodes
Manage episode 474534458 series 2999971
Subscribe to Simplify My Money:
https://www.debtfreedad.com/newsletters/simplify-my-money
In this episode of the Dad podcast, hosts Brad Nelson, Chris, Katie, and Ryan from Debt-Free Dad dive deep into the financial implications of buying a new car. They discuss the high payments, massive depreciation, and how these factors can hinder financial freedom. They share their personal debt payoff journeys and provide insights into why Americans love new cars, debunking the myths linked to new car safety, reliability, and warranties. The hosts stress the advantages of buying used cars and outline the broader financial and emotional costs associated with new car payments. Join them as they offer strategies to break free from the paycheck-to-paycheck cycle, reduce financial stress, and build savings. Tune in to explore if buying a new car is a smart financial move or just a costly disguise.
The Totally Awesome Debt Freedom Planner https://www.debtfreedad.com/planner
Connect With Brad
Website- https://www.debtfreedad.com
Facebook - https://www.facebook.com/thedebtfreedad
Private Facebook Group - https://www.facebook.com/groups/debtfreedad
Instagram - https://www.instagram.com/debtfreedad/
TikTok - https://www.tiktok.com/@debt_free_dad
YouTube - https://www.youtube.com/@bradnelson-debtfreedad2751/featured
Thanks For Listening
Like what you hear? Please, subscribe on the platform you listen to most: Apple Podcasts, iHeartRadio, Spotify, Tune-In, Stitcher, YouTube Music, YouTube
We LOVE feedback, and also helps us grow our podcast! Please leave us an honest review in Apple Podcasts, we read every single one.
Is there someone that you think would benefit from the Debt Free Dad podcast? Please, share this episode with them on your favorite social network!
Chapters
1. 330. The True Cost of New Cars (00:00:00)
2. New Car Debate Introduction (00:00:58)
3. Why We Crave New Cars (00:03:30)
4. Safety and Reliability Arguments (00:06:03)
5. The Crushing Cost of Depreciation (00:11:49)
6. Opportunity Cost of Car Payments (00:19:25)
7. Mindset Shift: Paying Cash vs Payments (00:24:02)
8. Celebrations and Closing (00:29:02)
362 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.