Quote:
Originally Posted by Sassy Squatch
Car loans he's vehemently against. Advocates for buying used only, and that's where I think his advice is really just off and dated. The 5k used car he drones on about costs at least 10k more post COVID.
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Yeah I remember him saying to a caller that only had like 5k for a used car to avoid the loan at all costs and just get one for 5k. A 5k used car today is a junker with around 300k or more miles on it.
So his idea of money advice is to get a broke down junker and instead of paying interest on a loan, you’re likely paying to have repairs on that old ass car just to keep it going for a few years?
Doesn’t make sense in this economy anymore