828b cars: how much to spend, how much to borrow + some good rules of thumb

One of the biggest financial mistakes people make is either buying too much house or too much car. In today's episode Glen shares his money formula and some good guides for making wise financial decisions around buying cars. He covers:

👉🏾 how much to spend on a car

👉🏿 the golden rule of car buying

👉🏻 buying new vs used

👉 how car loans work

👉🏼 balloon payments explained

👉🏽 car loan vs personal loan

👉🏾 red flags when financing

👉🏿 tips for negotiating

👉🏻 when dealer finance might work

👉 some listener scenarios

Watch this episode on YouTube: https://youtu.be/5kiCica6PLM

Learn how to be a better investor with 'The Quick-Start Guide to Investing' book: https://amzn.to/4dE11ai

money money money is proudly supported by Sphere Home Loans and Skye Wealth.

Need a mortgage broker? Check out https://www.spherehomeloans.com.au

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Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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