Auto loans aren’t automatically bad. But they’re not automatically good either. In this episode, Jen and Jill talk through when taking on car loan debt makes sense and when it’s a financial trap in disguise. They share their own experiences with auto loans, why a long loan term could cost you big time, and the rising interest rates that might surprise you (even with good credit).

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Is it OK to Have a Car Payment? & How To Avoid an Auto Loan

Frugal Friends Podcast

Is it OK to Have a Car Payment? & How To Avoid an Auto Loan