228-How and Why to Buy a Car for Cash: Interview with James Kinson from the Cash Car Convert Podcast
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.4 • 1.9K Ratings
🗓️ 12 August 2015
⏱️ 55 minutes
🧾️ Download transcript
Summary
At the recent Podcast Movement conference in Fort Worth, Texas, I had the opportunity to connect with James Kinson, host of the Cash Car Convert podcast.
James has a fun story to share and some great lessons to teach. He's a long-time car guy who got the debt-free religion and changed his car-buying habits. To his delight, he's wound up a good deal richer than ever before!
He's got some great lessons to share and in this show we discuss:
- The impact a cash car can have on your wealth
- Leasing vs. buying
- Whether the advice to buy a good used car still applies in the modern day of higher repair bills.
Enjoy the show!
Joshua
- Cash Car Convert: http://cashcarconvert.com/
- Support Radical Personal Finance on Patreon! http://radicalpersonalfinance.com/patron
Transcript
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| 0:00.0 | Today on Radical Personal Finance, we talk cars with the cash car convert himself, Mr James |
| 0:07.2 | Kinson. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your |
| 0:27.4 | host. Thank you so much for being with me today. Today we're going to talk |
| 0:30.9 | about cars, specifically how to make a good decision about cars |
| 0:35.0 | I brought on Mr James Kinson who hosts a very popular podcast all about that specific |
| 0:41.6 | subject how to buy them used and pay cash for them. |
| 0:45.4 | And today we're going to argue a little bit about whether you should or not. All right. I believe in truth in advertising. So I guess I shouldn't quite say |
| 1:00.0 | argue, but we do have a little bit of a discussion on the topic. |
| 1:04.6 | James and I come from a slightly different point of view, and although we agree in the |
| 1:08.3 | majors, I think you'll enjoy this conversation. |
| 1:10.5 | I was able to record this at the recent podcast Movement Conference in Fort Worth, Texas. |
| 1:14.6 | So you'll hear a little bit of the background noise of the interview where we were doing the interview |
| 1:18.3 | in a busy hall during the middle of a conference. |
| 1:21.4 | But James is a real great guy. You're going to hear his story right at the beginning of a conference. But James is a real great guy. |
| 1:22.6 | You're going to hear his story right |
| 1:23.6 | at the beginning of it. |
| 1:24.6 | He is recently converted to buying cash cars. |
| 1:30.2 | He wasn't always that way, |
| 1:31.7 | but he's recently been converted to that way of thinking, |
| 1:34.4 | and you'll hear that come out in this podcast, but he's an expert on buying cars. |
| 1:39.1 | Having owned over 20 vehicles over the last 40 years, he's learned a few tricks in his own trades and he's |
| 1:45.3 | built a podcast helping others to avoid the big mistakes. |
... |
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