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Episode description
12/11/24: The Car Loan Trap
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman
Dec 11, 2024
•
9 min
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Ep 528
•
Transcript available on
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Episode description
Many car buyers are "underwater" on their auto loans, owing more than their vehicle is worth, which can lead to financial problems when trading in or totaling the car. The trend of longer loan terms and high car prices, especially with electric vehicles like Teslas, is exacerbating the problem, making it crucial to consider long-term affordability when buying a new car or consider a used car. #CarLoans #AutoLoanProblems #UnderwaterLoans #NegativeEquity #CarValue #CarBuyingTips #ElectricVehicles #Tesla #FinancialStruggles #UsedCars #personalfinance #investmentmanagement #cryptoeducation #financialliteracy #investmentstrategy #financialplanning ----- Join our mailing list:
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----- Links from today’s show: 12/10 Webinar Replay - The Retirement Revolution: ETF Solutions for Modern Retirement Planning:
https://www.thetayf.com/pages/the-retirement-revolution-etf-solutions-for-modern-retirement-planning
12/9 Webinar Replay - What the Election Results Mean for Crypto:
https://dacfp.com/events/what-the-election-results-mean-for-crypto
2/24-2/26 Wealth Management Convergence-2025
https://www.thetayf.com/pages/convergence-2025
11/13 Webinar Replay - An Innovative Way to Generate Income in a World of Declining Rates:
https://www.thetayf.com/pages/november-13-2024-an-innovative-way-to-generate-income
10/9 Webinar Replay - Crypto for RIAs: Yield, Staking, Lending and Custody. What’s beyond the ETFs?
https://dacfp.com/events/crypto-for-rias-yield-staking-lending-and-custody-whats-beyond-the-etfs/
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12/11/24: The Car Loan Trap | THE TRUTH ABOUT YOUR FUTURE with Ric Edelman podcast - Listen or read transcript on Metacast
