-
▼
-
▼
Owning a new car sounds great… but is it actually keeping you poor? Buying a car can be a treacherous process, threatening to knock your financial life off course. This episode will walk you through everything you need to know! You’ll be able to walk off the lot knowing you made an informed decision and got a good deal!
In this episode, you’ll learn:
- The hard truth about buying a car
- Car purchase ground rules that keep your financial life from ruin
- The best and worst car brands for your financial life
- How to decide on a new vs. used car
- The 3 factors that create a great deal
- How to make the buying process easier
Research and resources from this episode:
- Vehicle Depreciation Rates (Direct Express Auto Transport)
- Car Depreciation: How Much Value Will a New Car Lose? (Carfax)
- What Car Brands Depreciate The Fastest? (The Mix)
- Top 10 Cars That Hold Their Value Best (iSeeCars)
- Depreciation Rankings – Popular Brands and Vehicles with the Best Resale Value after 5 Years (Car Edge)
- Dealer Cost Calculator – Find out what the dealer really paid. (Car Buying Strategies)
- When Is the Best Time to Buy a Car? (Edmunds)
Enjoy the Show?
Where You Can Watch and Listen:
Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:
- Episodes of The Money Guy Show every Friday
- Episodes of Making a Millionaire every other Monday
- Mini-shows every Wednesday
- Ask Money Guy Livestreams every Tuesday
- Tons of other fun content!
Free Resources
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Articles
Articles
How To Get the Best Rate on a Car Loan
The 20/3/8 rule, our guideline for using a car loan to buy a vehicle, requires you to put 20% down, pay the car off in...
Articles
The Biggest Traps That Keep You From Building Wealth
The United States has one of the highest median incomes in the world, yet we rank near the bottom of developed countries when it comes...
Articles
How To Buy an Affordable and Reliable Car in 2025
The pandemic broke the car market, causing prices of both new cars and used cars to skyrocket. Prices are still working their way back to...
Financial FAQs
Courses & Tools
How about more sense and more money?
Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Recent Episodes
It's like finding some change in the couch cushions.
Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.
Episodes
S&P 500 vs Charizard: Which Investment Wins?
Are Pokémon cards and index funds better than the S&P 500? Brian separates the hype from reality on today's hottest collectible investments and reveals what...
Episodes
Quit Saving Money? The CoastFIRE Epidemic
CoastFIRE is exploding in popularity, but are you coasting too soon? In this Live Q&A, we break down the real numbers behind CoastFIRE, share the...
Episodes
Financial Advisors React to Wild Money Advice ft. @ErinTalksMoney
From Kevin O'Leary's investing wisdom to a creator saying the stock market is pointless, we're reacting today with @ErinTalksMoney and setting the record straight. We're...