A Sure-Fire Strategy To Upgrade Cars With Cash - FWS019

Financial Wellness Show - Improve the Health and Wealth of Your Money

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How to drive and pay cash for a $15,000 car in 4 years.

How rich would we be if we stopped driving? The concept was featured in a recent article on Wisebread.com and posed the question “What is a car really costing you?”

A car is a necessity to get around on your own schedule instead of waiting for a bus or call Uber to pick you up. The cost of operating a vehicle in the United States, as exemplified in the article, was estimated to be over $7,000 a year - and that does not include car or lease payments if you don’t buy the car straight-out:

Depreciation $3,571
Gas $2,168
Insurance $1,029
Repairs $745

Coach Kim joins me in today’s episode to explain how we can cut more than $3,000 in depreciation costs and save enough money to trade up in car every year. This process could lead a struggling full-time commuter to purchase a $15,000 with cash in 48 months.

38 episoder

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