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Elizabeth Ayoola

๐Ÿ‘ค Person
3360 total appearances

Appearances Over Time

Podcast Appearances

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

Should listeners be letting tariffs influence their car purchasing decisions, especially considering how erratic tariff news has been?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

That's what I gathered from her question as well. It does sound like Tiffany is also working through financial priorities because she mentioned contributing to a 401k and also building up her emergency fund. Where does a new car typically fall in order of financial priorities?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

That's what I gathered from her question as well. It does sound like Tiffany is also working through financial priorities because she mentioned contributing to a 401k and also building up her emergency fund. Where does a new car typically fall in order of financial priorities?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

That's what I gathered from her question as well. It does sound like Tiffany is also working through financial priorities because she mentioned contributing to a 401k and also building up her emergency fund. Where does a new car typically fall in order of financial priorities?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

Tiffany may be in a scenario right now where repairs are getting pricier than the actual value of the car, considering it has over 136,000 miles. Now, generally speaking, if the car's value is lower than the repair cost, it might make financial sense to get a new car. But I know that's not always black and white.

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

Tiffany may be in a scenario right now where repairs are getting pricier than the actual value of the car, considering it has over 136,000 miles. Now, generally speaking, if the car's value is lower than the repair cost, it might make financial sense to get a new car. But I know that's not always black and white.

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

Tiffany may be in a scenario right now where repairs are getting pricier than the actual value of the car, considering it has over 136,000 miles. Now, generally speaking, if the car's value is lower than the repair cost, it might make financial sense to get a new car. But I know that's not always black and white.

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

So what are some scenarios where it might be cheaper long term to buy a new car versus keeping the one you have?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

So what are some scenarios where it might be cheaper long term to buy a new car versus keeping the one you have?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

So what are some scenarios where it might be cheaper long term to buy a new car versus keeping the one you have?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

Would you say there are any exceptions to this rule?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

Would you say there are any exceptions to this rule?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

Would you say there are any exceptions to this rule?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

Yeah, I have a Honda for that very reason, as you mentioned, longevity. And my first car was also a Honda. But that said, we don't know what shape Tiffany's car is in.

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

Yeah, I have a Honda for that very reason, as you mentioned, longevity. And my first car was also a Honda. But that said, we don't know what shape Tiffany's car is in.

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

Yeah, I have a Honda for that very reason, as you mentioned, longevity. And my first car was also a Honda. But that said, we don't know what shape Tiffany's car is in.

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

So, Shannon, do you think it's worth waiting to buy a new car considering everything going on? Data from the Commerce Department shows that spending on cars jumped after news of tariffs broke, so it looks like some people are already rushing to buy cars. I'm also seeing some news that the supply is on the thinner side. So what are your thoughts?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

So, Shannon, do you think it's worth waiting to buy a new car considering everything going on? Data from the Commerce Department shows that spending on cars jumped after news of tariffs broke, so it looks like some people are already rushing to buy cars. I'm also seeing some news that the supply is on the thinner side. So what are your thoughts?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

So, Shannon, do you think it's worth waiting to buy a new car considering everything going on? Data from the Commerce Department shows that spending on cars jumped after news of tariffs broke, so it looks like some people are already rushing to buy cars. I'm also seeing some news that the supply is on the thinner side. So what are your thoughts?

NerdWallet's Smart Money Podcast
Economic Chaos and Car Costs: How to Weigh Risks in Uncertain Times

Yes, you did.