Lizzy and Lissa break down the hidden costs – financial and otherwise – of new cars. They explore everything from depreciation and financing to insurance hikes and maintenance fees, plus the emotional costs of keeping up with the latest trends. A lot of people prefer to buy used cars but others still prefer that new car smell. What do you think, are new cars worth it?
Main Topics
00:00 Introduction
01:28 Running The Numbers Segment
03:30 Our Car Purchases
09:26 Leasing vs. Buying
16:10 The Emotional and Practical Aspects of Car Ownership
19:32 Cultural and Social Implications
22:53 The Trade-Offs of Car Payments
25:46 Social Perceptions
30:10 New vs. Used Cars
34:05 The Alternatives to Owning a Car
38:04 20 Cents Segment
References for Statistics
https://www.kbb.com/car-news/average-new-car-price-down-year-over-year-for-third-straight-month/
https://www.progressive.com/answers/what-is-car-depreciation/
https://www.bankrate.com/loans/auto-loans/average-monthly-car-payment/?tpt=a
https://www.marketwatch.com/guides/insurance-services/new-vs-used-car-insurance-comparison/
https://www.cnbc.com/select/how-much-does-car-insurance-increase-after-accident/
Co-Hosts
Lizzy is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTok
Lissa is a personal finance expert and content creator. Follow Lissa: YouTube | Instagram |TikTok | LinkedIn
Credits
► Produced by Lizzy Marie and Lissa Lumutenga
► Artwork by Lizzy Marie
► Music by Lissa Lumutenga, Net Net Podcast “Theme Song”
Talk to us
Hit us up, let us know what you think: IS IT WORTH IT? 💸
Disclaimer
This podcast is for educational, informational, and entertainment purposes only, and should not be constituted as financial advice or any other kind of professional advice. Views and opinions are our own, and Net Net Podcast does not serve as a substitute for personalized financial guidance tailored to your specific situation.
Remember to always do YOUR own research, consult a professional as needed, and feel empowered to make your own decisions!
