774: How To Come Out WAY AHEAD When Buying A Used Car by Mr. Money Mustache on Saving Money on a Car Purchase

Optimal Finance Daily - Financial Independence and Money Advice

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Business, Education, Investing, Self-improvement

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🗓️ 14 February 2019

⏱️ 9 minutes

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Summary

Mr. Money Mustache shares how to come out way ahead when buying a used car. Episode 774: How To Come Out WAY AHEAD When Buying A Used Car by Mr. Money Mustache on Saving Money on a Car Purchase Mr. Money Mustache is a thirty-something retiree who now writes about how we can all live a frugal, yet awesome, life of leisure. He and his wife studied engineering and computer science in Canada, then worked in standard tech-industry cubicle jobs in various locations throughout the late ’90s and early 2000s. Then they retired from real work way back in 2005 in order to start a family. This was achieved not through luck or amazing skill, but simply by living a lifestyle about 50% less expensive than most of their peers and investing the surplus in very boring conservative Vanguard index funds and a rental house or two. The original post is located here: http://www.mrmoneymustache.com/2011/04/19/how-to-come-out-way-ahead-when-buying-a-used-car/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts With the SendPro software, you can compare shipping rates between carriers, plus save 40 percent off USPS Priority Mail shipping and get 5 cents off every letter you send. Our listeners can try it FREE for 30 days and get a FREE 10 pound scale, but only when you visit: PB.com/finance. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal Finance Daily, episode 774,
0:04.0	How to Come Out Way Ahead When Buying a Used Car
0:08.0	by Mr Money Mustache of Mr Money Mustache.com
0:11.0	And now let's get right to today's post as we optimize your life.
0:15.0	How to come out way ahead when buying a used car by Mr Money Mustache of Mr Money Mustache.com.
0:27.2	A recent comment from a valued Mr Money Mustache reader asks something like this.
0:31.6	Quote, I need a new car.
0:33.0	We want a Honda CRV, but after looking at the used car listings, it looks like new might be a better
0:38.6	deal, especially since it saves me from the need to put much money down."
0:42.6	As a first note, no, don't do it.
0:46.8	This question is perfect because it's exactly the same path many people go down when they end up
0:51.5	with a new car. It's even more perfect because
0:53.7	the CRV is the best-selling SUV in the country right now, so many people make the exact
0:58.2	same decision. The car industry makes it very easy and convenient to buy a new car, and by comparison it takes much more
1:04.9	legwork to really score in the used car market.
1:08.0	How exactly do you buy a used car without feeling like a sucker walking onto a used car
1:12.1	lot and having the little fast-talking
1:14.0	slickster start harassing you? What if you don't know much about used cars and how to take
1:18.0	care of them? Here are the steps I recommend as a lifetime car addict who drives inexpensive cars but secretly covets every
1:25.2	Audi and Volkswagen and especially Tesla that comes off the line.
1:29.1	I love cars so much that I can identify any model currently for sale in the US and give you all the stats on it just by seeing a picture of one of its headlights or tail lights.
1:38.0	Even though I rarely buy them, I love shopping for cars.
	...

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