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:


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How to evaluate the impact of time owned vs miles driven


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


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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.  (https://peterlazaroff.com/ep-116-the-...)


Visit www.TheLongTermInvestor.com (http://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