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Podcast: DebtMatters Podcast
Episode: 54 - Car Loans: Can You Afford to Finance a Vehicle?
Description: Owning a car can give you the freedom to go where you want and when you want, but there are costs that are rarely calculated. Unless you plan on paying for your car with cash, monthly car loan payments generally last from 3 to 8 years. Things have changed in the new and used car market since the pandemic. There is apparently a microchip shortage that is impacting manufacturers across the globe. But what does that mean to you?Licensed Insolvency Trustee, Francyne Myers takes a look under the hood. Is it better to lease or finance a new...