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

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). 🎙️ Get full show notes here! https://bit.ly/44TPcvg 📘 Order the book here https://bit.ly/BWYL-podcast 💌 Want to save money and spend better in just 5 minutes? Get The Friendletter! Our FREE 3x weekly newsletter with freebies, deals, and savings hacks. https://www.frugalfriendspodcast.com/friendletter 📣 Submit your bill of the week and get a shoutout from us https://www.frugalfriendspodcast.com/bill-of-the-week/ 💸 Check out our monthly challenge community http://www.frugalfriendspodcast.com/club 👉🏼 Subscribe for more on YouTube https://www.youtube.com/frugalfriends 💃🏼 Hang out with us on Instagram! https://www.instagram.com/frugalfriendspodcast/ See omnystudio.com/listener for privacy information.