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cover of episode Are You Driving Your Wealth Into The Ground?

Are You Driving Your Wealth Into The Ground?

2024/11/4
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Money Guy Show
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Brian
Python 开发者和播客主持人，专注于测试和软件开发教育。
Topics
Joe 的朋友的汽车贷款高于车辆本身的价值，他不堪重负的维护费用，并询问如何处理这种情况。Brian 表示理解这种由于财务规划不当造成的困境，并建议降低维护成本，尽快还清债务，并考虑换一辆更经济实惠的汽车。

Deep Dive

Chapters
This chapter discusses the challenges of being underwater on a car loan, particularly with luxury vehicles, and offers advice on how to handle such a financial predicament.
  • One in five vehicle owners have negative equity.
  • Luxury cars are expensive to maintain and service.
  • Consider downgrading to a more affordable, reliable car to reduce ongoing costs and focus on paying off debt.

Shownotes Transcript

"​​My friend is underwater on their BMW. They always seem to be servicing it and can't afford to maintain it anymore, but it's valued at $43k and his loan is $58k. What do you think about when deciding how to handle an underwater car loan?"
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