Jesse Cramer, author of The Best Interest, joins the show to share his in-depth research into the astounding math behind car ownership. This episode originally aired in 2023 and was a top interview of the year. Although this is a replay, the content shared is just as relevant today and important to consider for the impact big purchases can have on your finances.

Listen now and learn:

• How to evaluate the impact of time owned vs miles driven

• When purchasing a used car is smarter than buying a new car

• How leasing compares to owning from a cost perspective

To see the original show notes, YouTube interview, and resources visit this page: EP 116: The Astounding Math Behind Car Ownership with Jesse Cramer.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

TIMESTAMPS

(4:08) The Primary Costs of Car Ownership

(11:08) Buy a New Car vs Buying a Used Car

(17:48) The Difference in Cost of Owning a Gas vs Electric Vehicle

(19:08) Evaluating a Car's Utility

(28:08) Buying a Car vs Leasing a Car

(32:08) When to Repair a Car vs Buy a Car