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3327: [Part 2] Your Aging Car: Repair or Replace? By Philip Taylor of PT Money on Making Smart Car Decisions

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Manage episode 515155708 series 2394769
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3327:

Philip Taylor outlines smart strategies to avoid the car loan debt trap, including paying cash for your next vehicle, refinancing through local credit unions, and leveraging side income to accelerate debt payoff. He emphasizes the long-term financial gains of keeping your car longer, selling unused items, and using high-yield savings accounts to prepare for future purchases.

Read along with the original article(s) here: https://ptmoney.com/repair-or-replace-car/

Quotes to ponder:

"A car is an asset, but unlike a home which tends to increase in value, a car loses value the minute you drive it off the lot!"

"If you’re in a situation where you still owe money on your car, see if you can refinance the debt through a local bank or credit union."

"You know you’ll need to replace your vehicle eventually, so the wise choice is to save up now."

Episode references:

Gabi Insurance: https://www.gabi.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

4131 episodes

Artwork
iconShare
 
Manage episode 515155708 series 2394769
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3327:

Philip Taylor outlines smart strategies to avoid the car loan debt trap, including paying cash for your next vehicle, refinancing through local credit unions, and leveraging side income to accelerate debt payoff. He emphasizes the long-term financial gains of keeping your car longer, selling unused items, and using high-yield savings accounts to prepare for future purchases.

Read along with the original article(s) here: https://ptmoney.com/repair-or-replace-car/

Quotes to ponder:

"A car is an asset, but unlike a home which tends to increase in value, a car loses value the minute you drive it off the lot!"

"If you’re in a situation where you still owe money on your car, see if you can refinance the debt through a local bank or credit union."

"You know you’ll need to replace your vehicle eventually, so the wise choice is to save up now."

Episode references:

Gabi Insurance: https://www.gabi.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

4131 episodes

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