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Optimal Finance Daily - Financial Independence and Money Advice

1280: That Gas Guzzler Might Actually Save You Money by Emily Guy Birken with PT Money on Car Buying Decisions

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.51.3K Ratings

🗓️ 10 September 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

Emily Guy Birken with PT Money shares an unexpected truth about how a gas guzzling car could be a good money saver. Episode 1280: That Gas Guzzler Might Actually Save You Money by Emily Guy Birken with PT Money on Car Buying Decisions PTMoney.com is about helping you make extra money, save more money, and spend your money wisely--all in an effort to help you fix your finances so you can build the life you want. It was started by Philip Taylor, a CPA, entrepreneur, and blogger who started the site in 2007. He also created FinCon, the popular conference for financial nerds. The original post is located here: https://ptmoney.com/gas-guzzler/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Optimal Finance Daily, episode 1280.

0:03.0

That Gas Guzzler might actually save you money.

0:05.6

By Emily Guy Birken with PT Money.com.

0:08.6

And I'm Dan, I'm your host and narrator bringing you some of the best blogs on personal finance each and every day

0:14.4

including weekends and holidays and we love to hear your ideas for future shows so if you

0:19.2

got topic requests for us please share them at old podcast.com and for more content being narrated to you for free,

0:25.8

covering things like personal development and much, much more, check out optimal living daily.

0:30.3

We've got a bunch of episodes there you can check out.

0:33.0

But since you're here, let's get right to today's post and start optimizing your life.

0:37.0

That Gas Guzler might actually save you money by Emily Guy Birken with PT money.com.

0:47.0

Ever since gas prices got above the $3 mark, fuel efficiency has been one of the most important factors influencing car buyers.

0:54.3

According to a Consumer Reports survey, quote, when it comes time to shop for their next new car,

0:59.4

37% of survey respondents said fuel economy is the leading consideration,

1:04.3

trumping other important factors including quality, safety and value."

1:08.3

End quote. While fuel economy is certainly an important aspect of both reducing your environmental impact and saving money at the pump,

1:16.0

the fact is that chasing after the best MPGs may be costing you money.

1:20.0

If you're looking to buy a car in the next year, here are some solid financial reasons why you might want to look at a gas guzzler rather than a sipper.

1:28.0

One, the purchase price will be lower.

1:30.0

It's a simple case of supply and demand.

1:32.5

Since fuel efficiency is paramount to most car buyers,

1:35.5

the cars that rarely top 15 to 20 miles per gallon

1:38.5

are necessarily going to be harder to sell,

...

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