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Podcast Episode 120: Basics of Debt

| December 10, 2018
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Episode Summary

In this episode of the Sound Financial Bites podcast, host Paul Adams and co-host Cory Shepherd talk about the basics of debt and pull back the curtain of the automobile leasing industry to help you make wiser purchases for your long-term financial health.

In this conversation, Cory breaks down the myth of a zero percent car loan and Paul explains the full disclosure of the 2019 BMW i8 car lease.

What Was Covered

  • 1:08 - Borrowing: A Beginner’s Guide
  • 2:15 - Borrowing money on the car or the potential income?
  • 4:10 - Hypothetical: The immutable tank of money
  • 6:30 - Should you buy new or used cars?
  • 9:08 - 2018 Lexus RX 350 & mathematical sleight of hand
  • 10:20 - The lie of zero percent MSRP
  • 15:10 - The moving parts of a car lease
  • 15:30 - 2019 BMW i8 Roadster
  • 16:44 - Full disclosure on the BMW Lease
  • 17:40 - Breaking down the particular fees and real costs
  • 20:35 - Always do the math!
  • 23:00 - The benefits of buying used



Want a free copy of Cory Shepherds white paper, "Money: Where Humanity & Hard Numbers Meet"?

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