{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/69c148bb1a160b44db9c8fcc/69d6dbdf086c93c18bd5a44c?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Lease or Buy?–How to Choose an Affordable Car (and Fix an Upside-Down Loan)","description":"<p>1010. Are you feeling \"car poor\" or trapped in an auto loan that costs more than your vehicle is worth? In this Finance Friday episode, Laura answers a listener's question about how to navigate an unaffordable car loan when you’re upside-down (negative equity)<strong>.</strong></p><p><strong>If</strong> you are looking to lower your monthly payments or are debating between a car lease vs. buying your next vehicle, you’ll learn the pros, cons, and math behind making the most affordable choice for your budget.</p><p>We talk about:</p><ul><li>How to manage an upside-down car loan: Strategies for refinancing or negotiating with lenders when you owe more than the car's market value.</li><li>Auto Refinancing 101: When to switch your loan to a credit union or online lender to reduce interest rates and monthly payments.</li><li>The 20% Rule: Why a significant down payment is the best defense against rapid vehicle depreciation.</li><li>Leasing vs. Buying: A breakdown of the long-term costs, maintenance responsibilities, and flexibility of each option.</li><li>Hidden Costs of Ownership: How to account for repairs, mileage restrictions, and residual value before you sign a contract.</li></ul><p><strong>Upcoming Wedding Series This May:</strong> We want your questions about wedding finances! Whether you're the bride, groom, or a guest, send us your questions about budgeting for the big day. Email: money@quickanddirtytips.com or leave a voicemail: (302) 364-0308.</p><p>Money Girl is a<a href=\"https://www.quickanddirtytips.com/\" rel=\"noopener noreferrer\" target=\"_blank\"> Quick and Dirty Tips Podcast</a>, hosted by Laura Adams.</p><p>Discover more from Money Girl!</p><p><a href=\"https://www.facebook.com/MoneyGirlQDT\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a></p><p><a href=\"https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.quickanddirtytips.com/newsletters\" rel=\"noopener noreferrer\" target=\"_blank\">Newsletter</a></p><p>Transcripts available at <a href=\"https://www.quickanddirtytips.com/transcripts/money-girl/\" rel=\"noopener noreferrer\" target=\"_blank\">QuickandDirtyTips.com</a>.</p>","author_name":"QuickAndDirtyTips.com"}