664 - Should You Buy a Car with Cash or Get an Auto Loan?

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.6 • 1.8K Ratings

🗓️ 16 December 2020

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Buying a car is a big purchase, no matter how you pay for it. Laura answers a listener's question about whether to spend cash for a car when you have it. Find out the upsides and downsides of financing or paying cash for your next vehicle. Read the transcript. Check out all the Quick and Dirty Tips shows. Subscribe to the newsletter for regular updates. Join the conversation on Facebook and Twitter. Links: https://www.quickanddirtytips.com/money-finance/loans/buy-car-cash-or-auto-loan https://www.quickanddirtytips.com/podcasts https://www.quickanddirtytips.com/subscribe https://www.facebook.com/MoneyGirlQDT https://twitter.com/LauraAdams

Transcript

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0:00.0	Hey everyone it's good to have you back this week on the Money Girl
0:08.7	podcast I'm Laura Adams and I've been hosting the show since 2008. I'm the author of a bunch of books,
0:15.8	nine now and I'm super excited to let you know that the most recent one is available
0:20.8	as an audio book that I narrated.
0:24.0	So if you or someone you know is self-employed,
0:27.0	or maybe you want to be, you want to create a part-time side
0:30.2	gig or even be a full-time solo pernour, I hope you'll check it out. The title is Money Smart
0:36.4	Solopreneur, a personal finance system for freelancers,
0:39.7	entrepreneurs, and side hustlers. It came out at the end of September and I'm
0:45.0	super excited that it's been an Amazon number one new release.
0:48.0	You can order the paperback, the e-book, or now the audio book for yourself or as a holiday gift.
0:55.0	And if you've already purchased the book or the audio book,
0:58.0	thank you, thank you, thank you.
0:59.5	I really appreciate your support.
1:01.5	And if you liked it or found it helpful on your entrepreneurial journey, do me a quick favor and
1:06.8	review it on Amazon, audible.com or wherever you purchased it.
1:10.9	I would be so grateful for that. And speaking of reviews,
1:14.4	likewise if you've been enjoying the podcast, you can give me and the entire
1:19.0	quick and dirty tips network a thumbs up by rating and reviewing the podcast wherever you listen.
1:26.0	All right, let's get on to the show.
1:28.4	Today's topic was inspired by an email from Ryan S who says, I'm looking into buying a car and have enough cash to pay for it.
1:37.2	But someone mentioned that I should get a loan to get a lower price and just pay off the loan right away.
	...

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