What make, model, and year is the car you drive? Thinking about buying a new one? Why? Consider all factors to make the right, not wrong buying decision.    

In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about why he drives an 18-year-old Toyota Avalon. The 2003 vehicle has heated leather seats and a 6-disc CD changer—it’s still in good condition and comfortable to drive.  

Topics Discussed:

Car Buying: How to make a good, solid, level-headed decision

Practical Perspective: Base decision on purpose, need, safety, reliability

Mechanical Issues: Tend to trigger alternative options for an upgrade

Identity and Psychology: What drives car-buying marketing decisions?

Timeout: Do your priorities align with buying a new car?

Key Purposes:

Get from Point A to Point B

Comfort level

Makes you look better

Economic and environment friendly

Consider alternatives

Links:

Edmunds: Cost of Car Ownership Tool (5-Year Cost Calculator)

Why Drive Old Cars?

Finance For Physicians