Prosperity Podcast

Auto Financing – Episode 159

Summary:

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about auto financing and the advantages of buying vs leasing. They also share how to avoid the traps car dealers lay out when financing a car.

Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

Links in this Episode:

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Show Notes:

00:00 Introduction

00:34 Today’s topic: Financing Your Vehicles

01:46 Different ways to reduce the amount of money you spend on cars

02:50 Understanding rebates and 0% financing

03:55 Why car dealers add the interest to the total price but call it 0% interest

05:11 How to get the true price of the car

07:31 A negotiation tip to get the best price

08:15 We want dealerships to be profitable but transparent

09:06 Deductions from leasing a car

10:59 How often should you trade vehicles and get new cars

12:12 Absolutely make sure you have high deductibles for lower premiums

12:50 When leasing a vehicle be careful about overage on your mileage

13:20 Accounting tip for your deductions

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