Episode 24
Reid Trego, the host of the Money PIG podcast, is joined by Ray Brown, a financial advisor at Goodwin Investment Advisory. They discuss automobiles and the misconception that cars are investments. They also address listener questions about buying electric vehicles (EVs) and whether it's better to lease or get a car loan in light of rising interest rates. The discussion highlights the availability of tax credits for EV purchases in 2023 and later. It emphasizes that while EV prices have dropped, buyers should consider the true value of the vehicle after accounting for tax credits. Finally, they touch on the complexity of navigating car financing options and caution against viewing cars as investments due to their depreciation in value over time.