Auto Financing - Episode 159

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about auto financing and the advantages of buying vs leasing. They also share how to avoid the traps car dealers lay out when financing a car. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions [email protected] Show Notes: 00:00 Introduction 00:34 Today's topic: Financing Your Vehicles 01:46 Different ways to reduce the amount of money you spend on cars 02:50 Understanding rebates and 0% financing 03:55 Why car dealers add the interest to the total price but call it 0% interest 05:11 How to get the true price of the car 07:31 A negotiation tip to get the best price 08:15 We want dealerships to be profitable but transparent 09:06 Deductions from leasing a car 10:59 How often should you trade vehicles and get new cars 12:12 Absolutely make sure you have high deductibles for lower premiums 12:50 When leasing a vehicle be careful about overage on your mileage 13:20 Accounting tip for your deductions