HLP #3 Auto Loans 101
from The Hustle Lounge Hosted by Hustle Smarter
On this episode, Kris and Hustle dug into auto loans and some of the secrets behind the process that Hustle found overtime when it comes to purchasing automobiles. Vehicles are the #2 reason why the culture doesn't have the capital to build wealth due to the average monthly payment of $4-500 not including the taxes and recurring regularly scheduled maintenance. While there is nothing wrong with purchasing a nice vehicle, one shouldn't become "vehicle poor" and not able to live life on their terms. The duo also dropped jewels on the process of finding their vehicle, staying away from 6-year loans which most car salesmen are selling to the customer, and if they are spending over a certain amount of money to ensure that is the vehicle that they could potentially see themselves driving for an extended amount of time in reference to the options of their choice and style of vehicle. This episode is for entertainment and educational purposes as we are not financial advisors and this is not financial advice. There will be a follow up to this episode in the future, and for any questions or comments or if you need any advice or help with purchasing an automobile, please email us at [email protected] or call/text 202-843-2553 for more information!
Embed this episode
No transcript yet.