12/11/24: The Car Loan Trap - podcast episode cover

12/11/24: The Car Loan Trap

THE TRUTH ABOUT YOUR FUTURE with Ric Edelman
Dec 11, 2024•9 min•Transcript available on Metacast
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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: https://www.thetayf.com/pages/podcast Subscribe to podcast updates: https://form.jotform.com/223614751580152  Ask Ric: https://www.thetayf.com/pages/ask-ric  -----   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/ -----   Follow Ric on social media:   Facebook: https://www.facebook.com/RicEdelman Instagram: https://www.instagram.com/ric_edelman/ LinkedIn: https://www.linkedin.com/in/ricedelman/ X: https://twitter.com/ricedelman YouTube: https://www.youtube.com/@RicEdelman -----   Brought to you by:   Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.html State Street Global Advisors: https://www.ssga.com/us/en/intermediary/etfs/capabilities/spdr-core-equity-etfs/spy-sp-500/cornerstones Schwab: https://www.schwab.com/ TAYF Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee