Buying a Car: New v. Used
episode
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
16 min
3 speakers
3 chapters
transcribed 1 month ago
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Hey, this is Allie, and thanks for listening to the show. Give us a five-star review where you listen and share this episode with someone who might need to hear it. Now, enjoy the show. Welcome back, ladies and gentlemen. You're listening to another edition of DIY Money. DIY Money.
Logan's in the house. In his house.
You know what I did on Easter? What'd you do? I smoked meat.
Yeah!
Did you really? Yes, yes. My buddy has been using my porch as a storage unit for his Traeger and has been sitting out there. And so we invited him and his family to church for the day and all the rest of the stuff. And we have all this meat because historically we have bought like a half a cow, a half a pig, whatever. I don't know why, because I don't have a smoker and I have like all these random hunks of chunks of meat in my freezer. We use the ground beef, of course, and other steaks. But so I was like, we have a cadre of meat to select. And so he came over earlier in the week. We got a we smoked a. A pork butt. A pork butt. We smoked a brisket. Which is actually the shoulder of a pork butt. Which is weird.
Smoked a brisket and some short ribs. How'd that all turn out? Amazing. Yeah. Amazing.
I did a brisket for Easter.
It was pretty fire. But I will tell you what I learned. Because I put you on this level. You're like, oh, I love to smoke meat and all this stuff. And so I was like, oh, man. He's out there like grill master, doing all this stuff. Come on, bro. The Traeger stuff. Throw it on there. Set it. Call it a day. Put the pellets in. Hit the button. The dude was checking it from his app on his phone while we were in church. It's pretty awesome. I was like, okay. I could do this. But anyways, no, it was great. And I did think of you a lot. And it was wonderful. I loved everything. I did not like... We did not do the short rib all that well for whatever reason.
I haven't done short rib before.
The butt was amazing. Butt slash shoulder. Everything else was amazing, but, yeah, I was not a big fan of the short rib. And then on the grill, we cooked a turkey with a can of beer. Wow, nice. Right up the buttski. You all made, like, everything. We did, yeah. We had a big spread of meat, and it was a lot of fun, and we had a really, really nice time. Nice. It was amazing. Fantastic. All right, let's roll right into a few things. We have a very fascinating question today on the automobile space. Before we get to that, this episode is sponsored by Juul Financial. Ever having a complex situation or something and needing a second opinion, visit us on the web at juul.com. financial that's j-o-u-l-e financial.com we'd still love your questions we're getting great feedback from both our series that we did recently and of course our tried and true method of answering your questions send those questions to podcast at diymoney.org that's podcast at diymoney.org audio questions 60 seconds or less
If we use it on the show, we'll send you a $25 Amazon gift card. Check us out on all the social media, DIY Money Podcast. And if you're still on Facebook, hit us up at the DIY Money Tribe. All right, we got a good question today from Val. Val, what do you got? DIY!
Hi, DIY Money. My name is Val, and I have a question about buying a car. We drive our cars for as long as they are safe and drivable. All of our cars in the past had had over 225,000 miles on them when replaced, and we put a lot of miles on them each year. One of our current cars needs replaced within the next two months, and we know the type of mid-range SUV we'd like to purchase. They hold their value very well, so buying one that is three years old versus brand new is only a couple of thousand dollars difference. We aren't willing to buy an older one than that, as it won't have the updated safety features that we want, and it will likely have at least 45,000 miles on it already. I'm leaning towards the brand new option, as we'll be starting with zero miles.
We'll know there aren't any hidden issues. The car will have a full warranty, lower interest rate, and some bonuses, such as free regular scheduled maintenance for three years.
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