Should You Take Out a 6-Year Car Loan?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 4 April 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Does it ever make sense to take out a car loan for more than 3 years? And how should a financial mutant go about buying a car? We'll walk you through that question and more in today's Q&A episode! Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:07.0	investing, taxing.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:16.7	We love answering your questions.
0:18.4	If you have a question, get in the chat right now.
0:20.4	We've got the team over at the control desk, putting them in front of us, and we're going
0:24.7	to try to load you up.
0:27.1	So this first one is from a longtime fan of the show.
0:31.2	This is from UG Shea, Brian, UG Shea.
0:36.3	You see what they did there?
0:37.9	It's not like UGA, it's UG Shea.
0:40.8	Oh, I think I gave that.
0:44.0	Well, because she has a Georgia thing.
0:45.4	It's okay.
0:46.4	So this is what UG Shea said.
0:48.2	I'm following the food, but I want to retire early.
0:51.6	Is it okay to move from step six, maxing out retirement options to step seven and contribute
0:57.9	to a taxable brokerage, catalog early?
1:01.1	Hashtag, go dogs, hashtag, go bills.
1:04.0	I think that last part was not part of the question.
1:06.9	Basically, it wants to know when is it okay?
	...

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