WCI #116: Fix the Car or Buy a New One?
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 25 July 2019
⏱️ 49 minutes
🧾️ Download transcript
Summary
I received a couple of questions about cars in the Facebook group https://www.whitecoatinvestor.com/facebookgroup and thought it would be interesting to compare and contrast them. The first one was from a soon to be resident who wanted to know if he should ship his car across the country because he wasn't sure it would survive the cross country drive. It is worth $2000 but needs some repairs to survive residency. There comes a time when you have to admit that a car is "totaled." If it costs more to repair than it is worth, it is totaled. It is time to get rid of it, getting whatever you can out of it. The second question came from someone who is expecting a baby and wants a car with a third row. But he has a lease on a car until February and wanted to know if he should buy the new car anyway and just pay out the lease. Stop leasing cars first off. If you don't have the cash to buy the car, buy a less expensive car. If you don't have the cash to buy a less expensive car, and you have to borrow for it, it ought to be a $5,000 car or less. We get more into the details of these car questions in this episode and hopefully help you make that decision on when to fix the old car or buy a new one. See the show notes for more information at https://www.whitecoatinvestor.com
Still not sure what to do with your student loans? Overwhelmed with how to tackle that giant debt in an ever changing political climate? The experts at StudentLoanAdvice.com are here to help guide you through the best options to manage your loans – our experienced staff have consulted on over $250M in student loan debt, and the average studentloanadvice.com client has saved over $190,000 dollars. You will receive a customized student loan plan using the principles of The White Coat Investor, get answers to all of your student loan questions, gain clarity about your financial future and start down the right path toward financial freedom. Book a consult today at https://www.studentloanadvice.com. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
Main Website: https://www.whitecoatinvestor.com
YouTube: https://www.whitecoatinvestor.com/youtube
Student Loan Advice: https://studentloanadvice.com
Facebook: https://www.facebook.com/thewhitecoatinvestor
Twitter: https://twitter.com/WCInvestor
Instagram: https://www.instagram.com/thewhitecoatinvestor
Subreddit: https://www.reddit.com/r/whitecoatinvestor
Online Courses: https://whitecoatinvestor.teachable.com
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here is your host, Dr. Jim Dolly. |
| 0:15.0 | This whitecoat investor podcast number 116, when to get a new car. |
| 0:23.0 | Still not sure what to do with your student loans, |
| 0:25.0 | overwhelmed with how to tackle that giant debt in an ever-changing political climate. |
| 0:29.0 | The expert's Student Loan Advice.com are here to help guide you through the best options to manage your loans. |
| 0:35.0 | Our experienced staff have consulted on over $250 million in student loan debt, |
| 0:40.0 | and the average student loan advice.com client has saved over $190,000. |
| 0:45.0 | You will receive a customized student loan plan using the principals of the white |
| 0:49.0 | code investor, get answers to all of your student loan questions, gain clarity about your financial future, |
| 0:54.7 | and start down the right path toward financial freedom. Book a consult today at studentloanadvice. |
| 1:00.6 | You can do this, and the white code investor can help. |
| 1:04.0 | All right, for those you have been waiting, the white code investors financial |
| 1:08.2 | boot camp book is now available on Audible. Go check it out. |
| 1:11.8 | If you like listening to podcast, you'll like |
| 1:13.8 | audible books. And so that's a great opportunity to listen to that and really |
| 1:18.1 | get yourself up to speed with the rest of the whitecoat investors. If you haven't had a chance to look through the website, |
| 1:26.3 | you'll notice that we have a recommendations tab at the top. And under that, we have all kinds of |
| 1:32.0 | financial professionals that can help you. |
| 1:34.4 | You can get advice on your student loans, for instance. |
| 1:37.2 | You're not sure what to do, which IDR program to be in, whether you should go for public service |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Dr. Jim Dahle of the White Coat Investor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Dr. Jim Dahle of the White Coat Investor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.