Everyone’s Going Broke Over Cars and Here’s Why

Chicks on The Right Show w Mock and Daisy

Radio America

News, Society & Culture, News Commentary, Daily News

4.4 • 1.8K Ratings

🗓️ 3 November 2025

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

The average price of a new car just crossed $50,000, and the once-affordable $20K car is officially dead. 💀 Zach Abraham from Bulwark Capital joins to break down why cars have become financial traps — from overpriced EVs and luxury trends to bad leasing advice.

Learn why used Japanese cars are the smart buy, how much of your income should really sit in your garage, and why fiscal discipline on cars alone could change your financial future.

Register now for the free Webinar on November 20th, schedule your free Know Your Risk Portfolio Review, and subscribe to Zach’s Daily Market Recap at KnowYourRiskPodcast.com

Transcript

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0:00.0	Welcome to another edition of the Shakespeare's on the Right podcast.
0:02.8	We're talking to Zach Abraham from Bullwark Capital Management, our financial guru and sponsor of the show.
0:09.9	All right.
0:10.3	Today we're talking about cars, Zach.
0:12.0	So first off, the $20,000 car has effectively died.
0:17.8	Like, it's gone.
0:18.7	It's disappeared from the market.
0:20.1	The average price of a new car in the
0:21.7	United States has officially crossed 50 grand for the first time ever. A new car prices rose 2.1%
0:28.4	from August and 3.6% year over year, which is the steepest jump in two years. And I think that's
0:36.1	probably driven by tariffs and price your
0:37.9	EVs and luxury models dominating the market and whatnot. But you are the financial guru,
0:43.7	right? And is it safe to say that cars are legit the financial bane of our existence, because
0:49.7	they are for me, at least for me, because I want to get your take on like stuff like buying
0:53.9	versus leasing
0:54.7	and should be people buy new or used.
0:58.0	I know what I do, but I'm just curious, as a financial advisor, what do you think of all
1:01.8	this and cars?
1:03.5	How much do they suck now?
1:05.2	Honestly.
1:06.3	It's horrible.
1:07.6	While you were talking about this, though, I couldn't help but to think back to my family.
	...

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