03.21.23 Auto Loan Debt Burden / Tech Product End-Of-Life Policies

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 21 March 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Though moderating, new and used vehicle prices are still high. And among those who bought at peak prices, late payments are escalating. Clark offers an overview of the car market, plus - direction for those upside down in loans and for would-be buyers. Also, owning smart tech connected devices requiring software services - you buy them, you own them outright, right? What’s the catch? Clark explains. Vehicle Loans: Segment 1 Ask Clark: Segment 2 The Electronics Subscription Game: Segment 3 Ask Clark: Segment 4 Mentioned on the show Late Auto Payments Expose Cracks in Consumer Credit - The Wall Street Journal. Are You Following Clark's Maximum Auto Loan Length Rule? Mattress Buying - Clark Howard Community ByeByeMattress-Retailer Take Back WSJ- The Cameras Worked Fine. Their Maker Said They Had Reached Their End of Life. Should I Have Gold in My Portfolio Right Now? ETF vs. Mutual Fund: Which Investment Is Better? Should I Purchase Mortgage Life Insurance? How To Buy Term Life Insurance in 7 Easy Steps Health Insurance Guide Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Meet John. Hello.
0:01.6	It's Friday night and he's just dented his partner's new car.
0:05.6	Now he's wondering if he can make a claim before she gets back home on Monday.
0:09.6	Thankfully, Aviva can help solve this car insurance conundrum.
0:13.2	We're available for new planes around the clock, so John can sort this out right away.
0:18.0	Breaking the news is up to him though. Um, darling?
0:21.1	Helping solve your car insurance puzzles?
0:23.4	It takes Aviva. Get a quote today at Aviva.co.uk.
0:30.0	It's my pleasure to welcome you to the Clark Howard Show.
0:38.5	Our mission is to serve you and empower you so you make better financial decisions in your life.
0:45.2	So I answer as many questions as I can on our podcast, but I can't get even a tiny fraction
0:52.2	of those that are sent in. And that's why for 30 plus years we've had the team Clark
0:58.3	Consumer Action Center providing free one-on-one advice, guidance, and information.
1:05.2	Available Monday through Friday, six hours each day, Eastern time zone,
1:11.1	10 in the morning till four in the afternoon, the number 63649 Clark.
1:19.6	And today's episode, when prices went just through the roof over the last few years,
1:26.4	lots of people bought high and are now in over their heads in vehicle loans.
1:32.6	And what do you need to know about the problems in the vehicle market and how those problems can
1:40.8	become your problem? We're going to talk about that. And later, there's been such a shift.
1:49.0	Okay, you buy a piece of electronics equipment. You own it and you use it.
1:55.2	And then one day it goes dead on you. Not the guts of it. It's still powering up. It still
2:02.4	would work fine, but it no longer works. We are now being married to the companies we buy so
	...

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