The Best Cars for Frugal Folks #089
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 22 May 2019
⏱️ 48 minutes
🧾️ Download transcript
Summary
How much are you spending on your car? Aside from housing, Americans spend more money on cars and transportation costs than any other category, accounting for 14% of the average budget. That’s $9,000 annually according to the US Consumer Expenditure Survey but it could be a lot less! Luckily, some cars cost WAY less than others to purchase and maintain, and in this episode we make some car recommendations for frugal folks.
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Transcript
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| 1:34.0 | Welcome to How To Money. I'm Joel and I'm Matt. And today we're discussing the best cars for frugal folks. |
| 1:45.0 | If you are frugal and you're looking at buying a new car, well not brand new, but right new to you. |
| 2:06.0 | Definitely not brand new. Yeah, yeah. There's some things you want to consider. And Joel, we're actually going to give the names of some specific cars that you should consider. |
| 2:13.0 | When you are in your car search. Yes, specific model recommendations coming down the pike in this episode. |
| 2:19.0 | Year, make and model. On that note, I know you love a certain car of yours. Do you have a vehicle that was the worst car that you ever purchased? |
| 2:27.0 | Because maybe you don't. Because I know, yeah, you've been a pretty smart guy over the years, but I'm going to share a vehicle that I purchased in college. |
| 2:35.0 | That was the worst. I thought I think it was a 1992, which is old vehicles, a classic, a 1992 land Rover range Rover. |
| 2:48.0 | Always near the bottom of the list on the reliability rating. Terribly unreliable, but man, I got to say that car was so much freaking fun while I had it. |
| 2:58.0 | It cost so much money to maintain. It got terrible gas mileage. And it wasn't like this classic car, right? That maybe appreciated something or like held its value. |
| 3:08.0 | I mean, I ended up selling that thing at a pretty big loss after having also put a ton of money into it, just to maintain it. |
| 3:15.0 | So yeah, big car fail right there for me. All right. So this episode is dedicated to former Matt and trying to try to help people in that same situation. |
| 3:26.0 | Don't be like me. Yeah, find the car that is actually good for them. All right. So did that buy you enough time to think of your least favorite vehicle? Yes, it certainly did. |
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