Aside from buying a home, buying a car is one of the most expensive one-time purchases that we make. This is a part of the reason why we spend a decent amount of time talking about cars! Over 16% of American household budgets are spent on transportation, so get this one decision right and it’ll be a massive boost to your personal finances. And that’s why we’re excited to have Mike Quincy joining us today. Mike is a car specialist and has been with Consumer Reports for nearly 30 years! He participates in the hands-on car testing, appears regularly on Consumer Reports Talking Cars podcast, and knows virtually all someone could know about new and used cars. We discuss why Consumer Reports buys all their own cars, where the prices of used cars is going, finding the balance between a car that you love vs a practical vehicle that gets you around, some of the best used cars if you’re on a tight budget, and then the challenging future of electric vehicles.



Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

During this episode we enjoyed a Witches Brew Ale by Talisman Brewing Company- thanks for donating this one to the show Andy! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!



Best friends out!

Aside from buying a home, buying a car is one of the most expensive one-time purchases that we make. This is a part of the reason why we spend a decent amount of time talking about cars! Over 16% of American household budgets are spent on transportation, so get this one decision right and it’ll be a massive boost to your personal finances. And that’s why we’re excited to have Mike Quincy joining us today. Mike is a car specialist and has been with Consumer Reports for nearly 30 years! He participates in the hands-on car testing, appears regularly on Consumer Reports Talking Cars podcast, and knows virtually all someone could know about new and used cars. We discuss why Consumer Reports buys all their own cars, where the prices of used cars is going, finding the balance between a car that you love vs a practical vehicle that gets you around, some of the best used cars if you’re on a tight budget, and then the challenging future of electric vehicles.
 
Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
<ul>
<li aria-level="1">Knowing your ‘money gear’ is a crucial part of your personal finance journey. <a href="https://www.howtomoney.com/start-here/">Start here.</a> </li>
<li aria-level="1">Sign up for the weekly <a href="https://www.howtomoney.com/newsletter/">HTM newsletter</a>. It’s fun, free, &amp; practical.</li>
<li aria-level="1">Join a thriving community of fellow money in the <a href="https://www.facebook.com/groups/1623670287732189">HTM Facebook group.</a></li>
<li aria-level="1">Find the best credit card for you with our new <a href="http://howtomoney.com/creditcards">credit card tool</a>!</li>
<li aria-level="1">Massively reduce your <a href="https://www.howtomoney.com/choosing-the-best-cheap-cell-phone-plan/">cell phone bill</a> each month by switching to a discount provider like Mint Mobile.</li>
<li aria-level="1">Don’t be cheap and forego getting a life insurance policy. <a href="http://policygenius.go2cloud.org/aff_c?offer_id=485&amp;aff_id=1664&amp;redirect_slug=howtomoney-life">Compare rates with Policygenius.</a></li>
</ul>
During this episode we enjoyed a Witches Brew Ale by Talisman Brewing Company- thanks for donating this one to the show Andy! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and <a href="https://podcasts.apple.com/us/podcast/how-to-money/id1337718773?mt=2">give us a quick review in Apple Podcasts</a> or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
 
Best friends out!

Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living a rich life.

How to Money

Killer $5,000 Cars & The Future of EVs with Consumer Reports’ Mike Quincy #589

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e2fc9f78-507f-4a88-9f4a-af3a0142992c/transcript

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