WEBVTT - Paying For a Car: Cash Vs. Finance

0:00:16.280 --> 0:00:20.319
<v Speaker 1>It's time for the b a q a b a

0:00:20.680 --> 0:00:21.040
<v Speaker 1>q a.

0:00:21.280 --> 0:00:24.239
<v Speaker 2>Tiffan ale'd be a q a no man day, that'd

0:00:24.239 --> 0:00:27.600
<v Speaker 2>be a q a a. It's time for the b

0:00:27.680 --> 0:00:30.440
<v Speaker 2>a q a Brianda Bishing Question answers. You have questions,

0:00:30.440 --> 0:00:34.000
<v Speaker 2>we have some answers. Although we are not your mama,

0:00:34.200 --> 0:00:38.200
<v Speaker 2>your brother, not your sister, just your friend, not your doctor,

0:00:38.360 --> 0:00:40.440
<v Speaker 2>not your attorney, not your financial advisor.

0:00:40.520 --> 0:00:41.239
<v Speaker 1>To the end.

0:00:41.880 --> 0:00:44.160
<v Speaker 2>Okay, well, none of those things, which means that you're

0:00:44.159 --> 0:00:45.680
<v Speaker 2>going to lean into the people that you pay for

0:00:45.720 --> 0:00:47.320
<v Speaker 2>the final say that was a.

0:00:47.320 --> 0:00:50.040
<v Speaker 1>Bar leading to people you pay for the final say

0:00:50.040 --> 0:00:52.240
<v Speaker 1>I should have been a rapper. Okay.

0:00:52.320 --> 0:00:54.600
<v Speaker 2>If you have questions, you can ask them sliding our

0:00:54.640 --> 0:00:58.040
<v Speaker 2>d ms on ig Brianda Vision Podcast. You can send

0:00:58.080 --> 0:01:01.920
<v Speaker 2>us an email Briana Bishing Podcast a g dot com

0:01:02.200 --> 0:01:05.600
<v Speaker 2>or go to Broadambision podcast dot com and click contact us. Okay,

0:01:05.880 --> 0:01:08.920
<v Speaker 2>if you want to be anonymous, please say if what

0:01:08.959 --> 0:01:10.600
<v Speaker 2>you're saying is a little bit scandalous, we might make

0:01:10.600 --> 0:01:12.480
<v Speaker 2>you anonymous anyway, because y'a we do not want to

0:01:12.480 --> 0:01:15.760
<v Speaker 2>be responsible for what happens. And if you want to

0:01:15.760 --> 0:01:17.400
<v Speaker 2>be anonymous or you want to give us a fake name,

0:01:17.600 --> 0:01:22.280
<v Speaker 2>like today's contestant, then you know do that too. So

0:01:22.800 --> 0:01:27.160
<v Speaker 2>this is in from Sandy on ig Hi, Mandy, and Tiffany.

0:01:27.200 --> 0:01:30.560
<v Speaker 2>I have a car buying question for you. I'm looking

0:01:30.560 --> 0:01:34.280
<v Speaker 2>to buy a car later this year. Estimate cost is

0:01:34.360 --> 0:01:37.520
<v Speaker 2>thirty thousand dollars. Should I pay for in cash or

0:01:37.600 --> 0:01:41.640
<v Speaker 2>finance with a large down payment? With car interest rates

0:01:41.680 --> 0:01:45.360
<v Speaker 2>being upwards of seven percent plus and my high yield

0:01:45.400 --> 0:01:48.320
<v Speaker 2>savings account rate is four point three percent, I can

0:01:48.360 --> 0:01:51.240
<v Speaker 2>make a case for taking the money from savings and

0:01:51.280 --> 0:01:53.440
<v Speaker 2>paying for the car and cash, but that will take

0:01:53.480 --> 0:01:56.760
<v Speaker 2>a big chunk out of my savings. That makes me nervous,

0:01:57.040 --> 0:02:00.160
<v Speaker 2>even if the numbers look right. My details, which we

0:02:00.160 --> 0:02:03.240
<v Speaker 2>love when you do details. My emergency fund is fifty

0:02:03.280 --> 0:02:05.320
<v Speaker 2>thousand dollars. Ooh okay, so it'd be more than half

0:02:05.320 --> 0:02:09.880
<v Speaker 2>your emergency fund. I fully fund my wroth Ira HSA

0:02:10.360 --> 0:02:13.959
<v Speaker 2>and put eleven percent into my four to one case

0:02:14.000 --> 0:02:17.960
<v Speaker 2>traditional slash wrath IRA to our four one case okay,

0:02:18.240 --> 0:02:20.560
<v Speaker 2>put a little into a five twenty nine so that

0:02:20.639 --> 0:02:22.360
<v Speaker 2>means a kid. It sounds like you have a kid

0:02:22.840 --> 0:02:26.080
<v Speaker 2>and I have a seven eighty credit score. I mean, Sandy,

0:02:26.120 --> 0:02:28.400
<v Speaker 2>you looking for a partner. I don't know if you

0:02:28.400 --> 0:02:30.160
<v Speaker 2>as a man or a woman child, but either way

0:02:30.200 --> 0:02:34.160
<v Speaker 2>you look good bare bones. My monthly living expenses are

0:02:34.160 --> 0:02:37.720
<v Speaker 2>twenty five hundred dollars debt free, so thirty thousand would

0:02:37.720 --> 0:02:41.160
<v Speaker 2>be about twelve months of emergency fund income is one

0:02:41.240 --> 0:02:44.440
<v Speaker 2>hundred and one thousand dollars. Thank you if you use

0:02:44.440 --> 0:02:46.640
<v Speaker 2>it for your podcast, Stady, it's a good name. Thank you,

0:02:46.639 --> 0:02:47.760
<v Speaker 2>Thank you, thank You're both awesome.

0:02:47.800 --> 0:02:48.639
<v Speaker 1>Oh you're welcome.

0:02:48.880 --> 0:02:52.720
<v Speaker 2>First of all, Sandy, let's take a moment, cause, Sandy,

0:02:52.800 --> 0:02:54.880
<v Speaker 2>your numbers are cute. I don't know what you look like,

0:02:54.919 --> 0:02:57.680
<v Speaker 2>but I promise you you're good looking cause these numbers

0:02:57.680 --> 0:03:01.600
<v Speaker 2>are fun. Baby, these numbers is fine. If you are

0:03:01.600 --> 0:03:05.040
<v Speaker 2>a woman, super fine. If you are a man, super dupervine. Okay, no,

0:03:05.160 --> 0:03:09.359
<v Speaker 2>this is really awesome. I love to see this. So basically,

0:03:09.360 --> 0:03:11.680
<v Speaker 2>you have about a year and a half of emergency

0:03:11.680 --> 0:03:14.320
<v Speaker 2>fund saved. Give her take with fifty thousand dollars, which

0:03:14.400 --> 0:03:17.840
<v Speaker 2>is great. You're making good money at one hundred thousand dollars.

0:03:17.840 --> 0:03:21.040
<v Speaker 2>Plus you have maxed out on everything, which is great.

0:03:21.760 --> 0:03:24.079
<v Speaker 2>The question you sound kind of like me when I'm

0:03:24.120 --> 0:03:26.400
<v Speaker 2>making a decision, And I'll tell you what my financial

0:03:26.400 --> 0:03:29.120
<v Speaker 2>advisor told me when I'm making a decision whether to

0:03:29.120 --> 0:03:32.560
<v Speaker 2>buy something cash, because I'm in a similar position as you,

0:03:32.639 --> 0:03:34.359
<v Speaker 2>and that I don't have any debt. I max out

0:03:34.400 --> 0:03:37.280
<v Speaker 2>on all my things, I have plenty of emergency savings.

0:03:37.160 --> 0:03:40.240
<v Speaker 1>All the things. It really comes down to.

0:03:41.760 --> 0:03:45.200
<v Speaker 2>On the surface, she told me, like I bought my

0:03:45.280 --> 0:03:49.360
<v Speaker 2>condo and I said, Anjalie, I want to buy my condo.

0:03:49.440 --> 0:03:51.960
<v Speaker 2>I think I want to buy a cash And she said, okay,

0:03:52.520 --> 0:03:55.120
<v Speaker 2>Now here's the thing on the surface, is that if

0:03:55.160 --> 0:04:00.920
<v Speaker 2>we're just talking straight math mathematical decision, then is that

0:04:01.000 --> 0:04:05.440
<v Speaker 2>the best choice? No, because my condo was a little

0:04:05.480 --> 0:04:08.160
<v Speaker 2>over five hundred thousand dollars And I said, I want

0:04:08.160 --> 0:04:10.440
<v Speaker 2>to buy a cash five hundred thousand and she said, okay,

0:04:10.960 --> 0:04:13.440
<v Speaker 2>here's the thing, Tiffany, you can, you know, get a loan.

0:04:13.480 --> 0:04:14.960
<v Speaker 2>I think I think the time, maybe I could have

0:04:15.000 --> 0:04:17.599
<v Speaker 2>got a loan for like six percent seven, which is high.

0:04:17.640 --> 0:04:18.800
<v Speaker 2>Because that's why I was kind of like, I don't

0:04:18.800 --> 0:04:20.840
<v Speaker 2>want pay too I don't want to pay loans plus two.

0:04:20.960 --> 0:04:23.200
<v Speaker 2>Quite honestly, I already lost the house to foreclosure in

0:04:23.240 --> 0:04:25.960
<v Speaker 2>my twenties, and I like knowing that I own it

0:04:26.040 --> 0:04:27.320
<v Speaker 2>full out and I just don't want to have to

0:04:27.360 --> 0:04:30.680
<v Speaker 2>pay a mortgage, and I pay hoa here, and so

0:04:30.800 --> 0:04:32.919
<v Speaker 2>I just was like, I just didn't I just didn't.

0:04:32.760 --> 0:04:34.360
<v Speaker 1>Want to have to think about a mortgage.

0:04:34.680 --> 0:04:37.080
<v Speaker 2>So but on the surface, I could have put down

0:04:37.120 --> 0:04:40.440
<v Speaker 2>a good size, you know, down payment like he's like you,

0:04:40.960 --> 0:04:42.760
<v Speaker 2>and I could have paid monthly and then I could

0:04:42.800 --> 0:04:44.760
<v Speaker 2>have put the rest of the money in the market.

0:04:45.160 --> 0:04:47.080
<v Speaker 2>And to be honest, last year, I think the market

0:04:47.120 --> 0:04:50.560
<v Speaker 2>returned about twenty two percent. Thanks, So think about what's

0:04:50.560 --> 0:04:52.560
<v Speaker 2>twenty two percent or three hundred thousand. Like, let's just

0:04:52.560 --> 0:04:54.520
<v Speaker 2>say I put down two hundred, not even two hundred.

0:04:54.720 --> 0:04:56.960
<v Speaker 2>Let's just say I put down one hundred thousand, and

0:04:57.000 --> 0:04:58.440
<v Speaker 2>I put four hundred thousand in the market.

0:04:58.480 --> 0:05:01.760
<v Speaker 1>Yeah, let's do the math. Let's do the math. Let's

0:05:01.800 --> 0:05:02.160
<v Speaker 1>do the math.

0:05:02.240 --> 0:05:04.920
<v Speaker 2>Four hundred thousand, not that I would have put all

0:05:04.960 --> 0:05:07.760
<v Speaker 2>into the market, but let's just say for the times,

0:05:07.760 --> 0:05:13.240
<v Speaker 2>twenty two percent four hundred thousand times point twenty two.

0:05:14.320 --> 0:05:19.839
<v Speaker 2>So what's happening four hundred thousand times point twenty two

0:05:20.680 --> 0:05:24.200
<v Speaker 2>eighty eight thousand dollars. So, if we're looking at super

0:05:24.240 --> 0:05:27.200
<v Speaker 2>simple math, I missed out on maybe making an additional

0:05:27.200 --> 0:05:29.359
<v Speaker 2>eighty eight thousand dollars because I could have put the

0:05:29.360 --> 0:05:33.279
<v Speaker 2>money to work versus putting the money inside my my condo.

0:05:33.360 --> 0:05:36.200
<v Speaker 2>My condo did not appreciate eighty eight thousand dollars. Of course,

0:05:36.200 --> 0:05:38.640
<v Speaker 2>that's really simple math. That's you know that probably wouldn't

0:05:38.640 --> 0:05:40.440
<v Speaker 2>have made that. But let's just say even fifty that

0:05:40.520 --> 0:05:43.279
<v Speaker 2>I left on the table for a peace of mind

0:05:43.400 --> 0:05:47.760
<v Speaker 2>for me. So I had to ask myself, what is

0:05:48.040 --> 0:05:50.320
<v Speaker 2>my desire outcome for paying for it in this way

0:05:50.360 --> 0:05:52.560
<v Speaker 2>when I have all everything else, just like you check

0:05:52.600 --> 0:05:55.760
<v Speaker 2>check check check. I wanted peace of mind. And I'm

0:05:55.800 --> 0:06:00.000
<v Speaker 2>not mad at me quote unquote losing out a fifty

0:06:00.120 --> 0:06:01.960
<v Speaker 2>thousand dollars for my own peace of mind.

0:06:02.240 --> 0:06:04.680
<v Speaker 1>Here's why I did not know this. But twenty twenty

0:06:04.680 --> 0:06:06.039
<v Speaker 1>three was a really rough.

0:06:05.920 --> 0:06:09.520
<v Speaker 2>Year in business. I made like almost no money, and

0:06:09.560 --> 0:06:11.920
<v Speaker 2>so I didn't really take home a lot of money

0:06:12.000 --> 0:06:15.200
<v Speaker 2>last year. And normally, I mean I have taken home

0:06:15.360 --> 0:06:18.000
<v Speaker 2>take home, take home, not gross take home some years

0:06:18.080 --> 0:06:19.120
<v Speaker 2>multiple seven figures.

0:06:19.480 --> 0:06:22.760
<v Speaker 1>Last year was barely chill. I don't even know.

0:06:22.760 --> 0:06:24.400
<v Speaker 2>Maybe I made two hundred thousand, I don't even know,

0:06:24.480 --> 0:06:26.360
<v Speaker 2>not that that's a little bit of money, but compared

0:06:26.400 --> 0:06:29.760
<v Speaker 2>to making two million and so on top of everything

0:06:29.760 --> 0:06:32.920
<v Speaker 2>else I was paying for. I'm glad I didn't have

0:06:32.960 --> 0:06:35.000
<v Speaker 2>to pay the mortgage, so I don't I'm not mad

0:06:35.040 --> 0:06:38.280
<v Speaker 2>at my decision, although I was conscious in making that choice.

0:06:38.440 --> 0:06:40.960
<v Speaker 2>What could what could that money if not used to

0:06:41.000 --> 0:06:42.000
<v Speaker 2>pay down the car in full?

0:06:42.160 --> 0:06:43.480
<v Speaker 1>What could that money be doing?

0:06:44.279 --> 0:06:46.360
<v Speaker 2>So then the other thing on the So that's just

0:06:46.360 --> 0:06:49.240
<v Speaker 2>the pure mass side. On the other side, to ask yourself,

0:06:49.640 --> 0:06:52.800
<v Speaker 2>how do you want to feel about this money? Are

0:06:52.880 --> 0:06:55.080
<v Speaker 2>you like, I really don't want to have to pay

0:06:55.600 --> 0:06:58.440
<v Speaker 2>this this That's what it sounds like. You're saying, like

0:06:58.480 --> 0:07:00.560
<v Speaker 2>I really don't want to have to pay for this car.

0:07:00.680 --> 0:07:03.600
<v Speaker 2>Note how long is the car? Note can you prepay?

0:07:04.320 --> 0:07:06.680
<v Speaker 2>You know, let's just say you put down ten thousand

0:07:06.720 --> 0:07:09.080
<v Speaker 2>dollars or five thousands whatever. Are you able to prepay

0:07:09.120 --> 0:07:10.320
<v Speaker 2>if you're just like, ah, I want to be done

0:07:10.320 --> 0:07:12.800
<v Speaker 2>with it. That's something Angelie also told me. What if

0:07:12.840 --> 0:07:14.520
<v Speaker 2>you paid and then wait for interest rates to go

0:07:14.600 --> 0:07:16.440
<v Speaker 2>down and then prepay it off.

0:07:17.880 --> 0:07:19.200
<v Speaker 1>These are just some things to consider.

0:07:19.640 --> 0:07:19.800
<v Speaker 2>You know.

0:07:19.840 --> 0:07:22.080
<v Speaker 1>I don't think it's necessarily wrong to pay.

0:07:22.480 --> 0:07:24.560
<v Speaker 2>The car for thirty thousand dollars, but if I was

0:07:24.640 --> 0:07:28.160
<v Speaker 2>going to get a car note, I would be looking

0:07:28.160 --> 0:07:29.120
<v Speaker 2>at credit unions.

0:07:29.200 --> 0:07:31.200
<v Speaker 1>I know you said seven percent plus, and I agree.

0:07:31.320 --> 0:07:32.480
<v Speaker 1>I took out to look at the numbers.

0:07:32.640 --> 0:07:36.960
<v Speaker 2>But for example, Federal, Navy, Federal right now, I think

0:07:36.960 --> 0:07:40.640
<v Speaker 2>they're offering like a little under five percent, So I

0:07:40.680 --> 0:07:42.840
<v Speaker 2>would be shopping around if I was going to get

0:07:43.000 --> 0:07:44.800
<v Speaker 2>And I know this doesn't fully answer your question like

0:07:44.840 --> 0:07:47.320
<v Speaker 2>what should I do? The answer it depends because you're

0:07:47.320 --> 0:07:50.280
<v Speaker 2>in a good position to make the choice. I want

0:07:50.320 --> 0:07:53.240
<v Speaker 2>everyone listening to understand that Sandy gets to make this

0:07:53.440 --> 0:07:57.680
<v Speaker 2>choice from heart focused out because of the other financial

0:07:57.680 --> 0:08:00.600
<v Speaker 2>positions she finds herself in. I get to make choice

0:08:00.640 --> 0:08:02.800
<v Speaker 2>that says I'm leaving fifty thousand dollars on the table

0:08:02.920 --> 0:08:05.320
<v Speaker 2>so I don't have to stress for twenty twenty three

0:08:05.600 --> 0:08:08.560
<v Speaker 2>because I know that there are other ways that I

0:08:08.560 --> 0:08:10.720
<v Speaker 2>can make the gap up for that fifty thousand. Maybe

0:08:10.760 --> 0:08:13.440
<v Speaker 2>it's a speaking engagement, maybe it's launching something for the

0:08:13.480 --> 0:08:16.720
<v Speaker 2>business or whatever. So you know, Sandy, you get to

0:08:16.760 --> 0:08:20.920
<v Speaker 2>make the choice to say, hmm, you know what could

0:08:20.920 --> 0:08:22.920
<v Speaker 2>I do with that twenty If you're just gonna stick

0:08:22.960 --> 0:08:26.480
<v Speaker 2>the twenty in your savings account, But if you're gonna

0:08:26.480 --> 0:08:29.000
<v Speaker 2>put the twenty maybe into the market. When we know

0:08:29.080 --> 0:08:31.080
<v Speaker 2>on average of market it's gonna yild about ten percent

0:08:31.240 --> 0:08:34.800
<v Speaker 2>give or take, you know, annually. If you look at

0:08:34.800 --> 0:08:37.320
<v Speaker 2>the average, you know, maybe there's money you're leaving on

0:08:37.360 --> 0:08:39.960
<v Speaker 2>the table. So the answer is it's really up to

0:08:40.040 --> 0:08:43.000
<v Speaker 2>you and how you want to feel and navigate. Know

0:08:43.280 --> 0:08:47.760
<v Speaker 2>that any money that is like plunged into like debt,

0:08:47.920 --> 0:08:51.599
<v Speaker 2>you know, or plunge into like an asset that's depreciating,

0:08:52.040 --> 0:08:53.640
<v Speaker 2>is money that's kind of lost over time.

0:08:54.400 --> 0:08:55.240
<v Speaker 1>So if you're looking.

0:08:55.000 --> 0:08:58.240
<v Speaker 2>At the smarter financial choice, probably making a payment probably

0:08:58.320 --> 0:08:59.320
<v Speaker 2>is a smarter financial choice.

0:08:59.360 --> 0:09:01.160
<v Speaker 1>And then but not just putting that money to work

0:09:01.200 --> 0:09:01.760
<v Speaker 1>for savings.

0:09:02.040 --> 0:09:03.920
<v Speaker 2>Actively making that money work, I'd have to you'd have

0:09:03.960 --> 0:09:05.760
<v Speaker 2>to put in the market for it to make sense.

0:09:06.120 --> 0:09:08.040
<v Speaker 2>But if you don't want to own anybody, and you're

0:09:08.080 --> 0:09:10.080
<v Speaker 2>like child, I don't want to have to pay this

0:09:10.200 --> 0:09:12.080
<v Speaker 2>forever and never never, you can pay it off in full.

0:09:12.400 --> 0:09:15.880
<v Speaker 2>So Sandy, I hope that helps you decide what's best

0:09:15.920 --> 0:09:23.720
<v Speaker 2>for you. My stepdaughters text me now harassing me because

0:09:24.600 --> 0:09:27.920
<v Speaker 2>I told her I was gonna buy her. You know, Okay,

0:09:27.960 --> 0:09:29.599
<v Speaker 2>she come on Thursday. Okay, I told her I was

0:09:29.640 --> 0:09:33.520
<v Speaker 2>gonna buy a car for her for a graduation. And

0:09:34.000 --> 0:09:36.560
<v Speaker 2>she's so cute because I told her, like, so if

0:09:36.559 --> 0:09:37.959
<v Speaker 2>I don't know if you can see the mess behind me,

0:09:38.000 --> 0:09:41.520
<v Speaker 2>because I've moved into my condo, which was a lot emotionally,

0:09:42.200 --> 0:09:44.080
<v Speaker 2>I'm in here now, but my office is a mess.

0:09:44.080 --> 0:09:46.120
<v Speaker 1>Nothing is, you know, nothing is. It's just so much

0:09:46.160 --> 0:09:46.800
<v Speaker 1>going on in here.

0:09:47.760 --> 0:09:50.640
<v Speaker 2>And so I told her I would pay her to

0:09:50.720 --> 0:09:53.920
<v Speaker 2>do my office, like to set it up and take

0:09:53.960 --> 0:09:55.800
<v Speaker 2>all the things out of the boxes whatever. And I

0:09:55.840 --> 0:09:57.559
<v Speaker 2>asked her how much you're gonna charge me to set

0:09:57.640 --> 0:09:59.880
<v Speaker 2>up the office and she told me six hundred fe

0:10:00.000 --> 0:10:01.080
<v Speaker 2>I told her to think about it. She told me

0:10:01.080 --> 0:10:04.760
<v Speaker 2>six hundred and fifty dollars. I'm like God, but I

0:10:04.960 --> 0:10:07.360
<v Speaker 2>like for her whenever I hire her to do something,

0:10:07.400 --> 0:10:09.200
<v Speaker 2>I like for her to tell me what she thinks

0:10:09.200 --> 0:10:12.000
<v Speaker 2>she's worth because it's important for her to learn, especially

0:10:12.000 --> 0:10:14.240
<v Speaker 2>as a young black woman to learn. So I always

0:10:14.240 --> 0:10:15.920
<v Speaker 2>tell her, do your research and come to me and

0:10:15.960 --> 0:10:17.959
<v Speaker 2>then explain to me where you got these numbers. So

0:10:17.960 --> 0:10:19.400
<v Speaker 2>she was like, I did my research and I think

0:10:19.440 --> 0:10:21.079
<v Speaker 2>six hundred and fifty dollars. I said, where'd you get

0:10:21.080 --> 0:10:22.760
<v Speaker 2>that from? I said, I will share with you what

0:10:22.800 --> 0:10:24.880
<v Speaker 2>I'm thinking, and you tell me where'd you get that from?

0:10:25.040 --> 0:10:27.240
<v Speaker 2>She's like, well, I googled and I saw that this

0:10:27.280 --> 0:10:30.280
<v Speaker 2>is what people charged. I'm like, like home edit people

0:10:31.080 --> 0:10:31.520
<v Speaker 2>or like.

0:10:31.520 --> 0:10:32.400
<v Speaker 1>Task grabbing people.

0:10:32.400 --> 0:10:35.160
<v Speaker 2>Because I told her I was taking closer to two hundred,

0:10:35.840 --> 0:10:37.400
<v Speaker 2>and she said okay. I said, because I went on

0:10:37.440 --> 0:10:40.600
<v Speaker 2>task grabbing and I looked and I saw organizers were

0:10:40.600 --> 0:10:43.199
<v Speaker 2>about forty to forty five dollars an hour. This is

0:10:43.200 --> 0:10:44.920
<v Speaker 2>probably about a three or four hour jobs. So we're

0:10:44.920 --> 0:10:46.760
<v Speaker 2>looking at about two hundred dollars give or take maybe

0:10:46.760 --> 0:10:49.280
<v Speaker 2>one eighty or two hundred. And she was like, okay,

0:10:49.400 --> 0:10:51.800
<v Speaker 2>I was looking at the super professionals who like have

0:10:51.880 --> 0:10:54.559
<v Speaker 2>their own companies, which understandable, but that ain't choo Sis,

0:10:54.679 --> 0:10:58.520
<v Speaker 2>you're seventeen. So then she said, you know what, okay,

0:10:58.840 --> 0:11:03.160
<v Speaker 2>I will give you. I'll take one sixty. I said, Ellissen.

0:11:03.200 --> 0:11:04.800
<v Speaker 2>I actually had to call her because we were texting.

0:11:05.120 --> 0:11:06.560
<v Speaker 2>I said, girl, I told you two hundred, why are

0:11:06.600 --> 0:11:08.079
<v Speaker 2>you taking one sixty? And then she said something so

0:11:08.120 --> 0:11:10.280
<v Speaker 2>sweet because you think these kids don't be doing She said,

0:11:10.280 --> 0:11:12.079
<v Speaker 2>you always do so much for me, Tiffany. I'm always

0:11:12.080 --> 0:11:13.920
<v Speaker 2>so grateful for you, and so I'm going to give

0:11:13.920 --> 0:11:16.120
<v Speaker 2>you a discount. I was like, oh, that's sweet, but

0:11:16.160 --> 0:11:18.680
<v Speaker 2>don't do that. I told her, don't do that when

0:11:18.679 --> 0:11:20.600
<v Speaker 2>someone makes you an offer for this is what I'm

0:11:20.600 --> 0:11:22.760
<v Speaker 2>willing to pay. Take that money.

0:11:22.880 --> 0:11:23.200
<v Speaker 1>I said.

0:11:23.240 --> 0:11:26.120
<v Speaker 2>You don't get to be a big boss lady and

0:11:26.200 --> 0:11:28.760
<v Speaker 2>taking discounts that nobody asked for. It'd be one thing.

0:11:28.800 --> 0:11:30.560
<v Speaker 2>If I asked for a discount. I did not, I

0:11:30.559 --> 0:11:32.840
<v Speaker 2>said anything listen. I actually was hoping you would push

0:11:32.880 --> 0:11:36.880
<v Speaker 2>back and said, girl, let's do two fifty if it

0:11:36.920 --> 0:11:39.319
<v Speaker 2>goes over four hours, and that's the max that you'll pay.

0:11:39.520 --> 0:11:41.000
<v Speaker 2>And she said okay. So I said, I'm gonna pay

0:11:41.000 --> 0:11:42.840
<v Speaker 2>you the two hundred. Don't ever offer up a discount

0:11:42.840 --> 0:11:45.800
<v Speaker 2>when someone didn't ask for it. And you know, so

0:11:45.840 --> 0:11:47.320
<v Speaker 2>she was just texting that she wants to, you know,

0:11:47.320 --> 0:11:50.200
<v Speaker 2>come by on Thursday to start like organizing, and I

0:11:50.200 --> 0:11:53.160
<v Speaker 2>said okay. And then she was asking me about, you know,

0:11:53.160 --> 0:11:55.120
<v Speaker 2>buying her car, and I will tell you what I

0:11:55.240 --> 0:11:57.160
<v Speaker 2>you know, tell her what I'm going to tell you, Sandy,

0:11:57.600 --> 0:11:58.640
<v Speaker 2>as you look for a car. I don't know if

0:11:58.640 --> 0:12:00.880
<v Speaker 2>you're getting a brand new car, but I have never

0:12:00.920 --> 0:12:02.120
<v Speaker 2>had a brand new car and I.

0:12:02.080 --> 0:12:04.080
<v Speaker 1>Don't want it. I don't want it.

0:12:04.200 --> 0:12:06.720
<v Speaker 2>Why we all know that cars depreciate as soon as

0:12:06.720 --> 0:12:08.800
<v Speaker 2>you pull it off the lot. You can literally buy

0:12:08.800 --> 0:12:11.240
<v Speaker 2>a shirt from Target, keep it for a week or two,

0:12:11.400 --> 0:12:14.319
<v Speaker 2>say I don't want it, like I don't want it.

0:12:14.360 --> 0:12:16.520
<v Speaker 2>I think this top that I'm wearing this from Target,

0:12:16.800 --> 0:12:18.880
<v Speaker 2>bring it back and get all your money back. You

0:12:19.000 --> 0:12:21.760
<v Speaker 2>keep a car for a week or two, you cannot

0:12:21.760 --> 0:12:23.200
<v Speaker 2>get the same amount of money that you pay for

0:12:23.240 --> 0:12:26.559
<v Speaker 2>that car. It depreciates. A car is an asset something

0:12:26.600 --> 0:12:29.080
<v Speaker 2>you own, but it's a depreciating asset, something that you

0:12:29.160 --> 0:12:31.760
<v Speaker 2>own that has less value over time, unless it's something

0:12:31.800 --> 0:12:35.840
<v Speaker 2>like you know, I don't know original Harley from Cars

0:12:35.880 --> 0:12:39.520
<v Speaker 2>or not. Hardley's not even a car anyway, So considering

0:12:39.600 --> 0:12:43.360
<v Speaker 2>that it depreciates till for time. I do not like

0:12:43.400 --> 0:12:45.320
<v Speaker 2>to buy brand new cars. My dad taught me early on.

0:12:45.360 --> 0:12:47.840
<v Speaker 2>It doesn't make sense. I let most of the depreciation

0:12:47.960 --> 0:12:49.760
<v Speaker 2>falls off in the first year or two, and then

0:12:49.800 --> 0:12:51.960
<v Speaker 2>that's when I buy it. I get my cars one

0:12:52.120 --> 0:12:54.640
<v Speaker 2>or two or even three years old, still fairly new.

0:12:55.200 --> 0:12:58.160
<v Speaker 2>I get it certified pre owned, which means if anything

0:12:58.160 --> 0:13:01.520
<v Speaker 2>breaks on this car, got to fix it for free

0:13:01.640 --> 0:13:03.480
<v Speaker 2>or for a low deductible like fifty dollars or one

0:13:03.520 --> 0:13:06.199
<v Speaker 2>hundred bucks. And so every car owned has been that way.

0:13:06.960 --> 0:13:09.280
<v Speaker 2>My last car I had chat it was always something

0:13:09.280 --> 0:13:11.280
<v Speaker 2>wrong with that car. But guess what, it was certified

0:13:11.280 --> 0:13:14.480
<v Speaker 2>pre owned. They've I've had three new engines in that car.

0:13:14.840 --> 0:13:16.840
<v Speaker 2>Did you have to say it three? I ain't gonna

0:13:16.840 --> 0:13:19.719
<v Speaker 2>shout that company out, you know, it's a famous car,

0:13:19.760 --> 0:13:23.480
<v Speaker 2>brand three new engines, brand new an engine is what

0:13:23.600 --> 0:13:25.920
<v Speaker 2>twenty five hundred, three thousand dollars? You do the math,

0:13:26.640 --> 0:13:28.520
<v Speaker 2>you know, like, they don't pay me to drive that

0:13:28.520 --> 0:13:30.840
<v Speaker 2>car these days. And I still have certified pre on

0:13:30.840 --> 0:13:32.680
<v Speaker 2>that car for the next like three years or something

0:13:32.760 --> 0:13:33.120
<v Speaker 2>like that.

0:13:33.440 --> 0:13:35.719
<v Speaker 1>And so I'm a you know, I'm a drive that car. Well,

0:13:35.760 --> 0:13:36.600
<v Speaker 1>my sister has it now.

0:13:36.800 --> 0:13:39.920
<v Speaker 2>She's gonna drive that car until that certified pre owner

0:13:39.920 --> 0:13:42.280
<v Speaker 2>is up and then she'll sell it. Yo. So if

0:13:42.280 --> 0:13:44.760
<v Speaker 2>it was me, Sandy looks like I told her, listen,

0:13:44.840 --> 0:13:46.280
<v Speaker 2>I told her, you're not getting a new car. You

0:13:46.360 --> 0:13:49.800
<v Speaker 2>have to get a certified pre owned car because you

0:13:49.880 --> 0:13:52.760
<v Speaker 2>get the warranties of a new car for like two

0:13:52.800 --> 0:13:54.760
<v Speaker 2>to four to five years, depending how old the car is.

0:13:55.080 --> 0:13:57.760
<v Speaker 1>Up to a certain number of miles but.

0:13:57.760 --> 0:14:00.559
<v Speaker 2>Without the depreciation that the big hit of the appreciation

0:14:01.000 --> 0:14:02.679
<v Speaker 2>for a car that's brand new. So that's why I

0:14:02.840 --> 0:14:04.760
<v Speaker 2>suggest to you too, Sandy. I don't know if you're

0:14:04.760 --> 0:14:07.440
<v Speaker 2>buying a new one, but if you are considered certified pre.

0:14:07.440 --> 0:14:13.000
<v Speaker 1>Owned, Yeah girl, okay dot free.

0:14:13.320 --> 0:14:15.559
<v Speaker 2>If you want to ask questions, go ahead on over

0:14:15.640 --> 0:14:20.440
<v Speaker 2>to Briannabision podcast dot com and click contact us sliding

0:14:20.520 --> 0:14:25.440
<v Speaker 2>our dms on ig Branhamision Podcast or email us at

0:14:25.440 --> 0:14:28.080
<v Speaker 2>Brannabision Podcasts at gmail dot com and.

0:14:28.280 --> 0:14:29.160
<v Speaker 1>Leave us a review.

0:14:29.400 --> 0:14:31.480
<v Speaker 2>If you love these epis, and I hope you do,

0:14:32.040 --> 0:14:34.720
<v Speaker 2>share it with someone, Tell a friend, Tell a friend,

0:14:34.720 --> 0:14:36.480
<v Speaker 2>because when you send a review, that means people can

0:14:36.560 --> 0:14:38.960
<v Speaker 2>see us, they can hear us, and they can get

0:14:39.000 --> 0:14:41.160
<v Speaker 2>more access to us because reviews boosts us up with

0:14:41.240 --> 0:14:43.760
<v Speaker 2>the algorithms and such, especially if you do it on

0:14:43.800 --> 0:14:45.320
<v Speaker 2>Apple Music, Apple Podcasts.

0:14:45.560 --> 0:14:47.400
<v Speaker 1>I don't know Manday's out here. She usually does that part.

0:14:48.080 --> 0:14:52.040
<v Speaker 2>But until next week, you already know we're here every Monday, Wednesday, Friday.

0:14:52.320 --> 0:14:55.360
<v Speaker 2>And if you missed a Wednesday episode, child, go listen

0:14:55.680 --> 0:14:57.880
<v Speaker 2>because I talk about student on debt relief and all

0:14:57.920 --> 0:15:00.320
<v Speaker 2>that I learned, and I talk about my to the

0:15:00.400 --> 0:15:02.960
<v Speaker 2>Vice President's residence and me and her or whatever. It's

0:15:03.000 --> 0:15:05.120
<v Speaker 2>a good appy if I do say so myself, and

0:15:05.280 --> 0:15:06.680
<v Speaker 2>I do say so myself.

0:15:07.080 --> 0:15:09.280
<v Speaker 1>All right, until next week, y'all. Bye,