Summary: Looking to be financially independent faster? Learn how you can dump the car loan and find and buy an affordable and reliable car.<br> [smart_track_player url=”http://traffic.libsyn.com/couplemoney/Get_Rich_By_Dumping_the_Car_Payments_.mp3″ social=”true” social_twitter=”true” social_facebook=”true” social_gplus=”true” ]<br> <br> Subscribe to Couple Money Podcast via <a href="https://itunes.apple.com/us/podcast/couple-money-podcast-build/id924656111">iTunes</a>, <a href="http://www.stitcher.com/podcast/elle-martinez/couple-money-podcast?refid=stpr">Stitcher</a>, or copy <a href="http://couplemoneypodcast.com/feed/podcast/">this link to use </a>with a podcatcher of your choice. You can also find me hanging out on <a href="https://twitter.com/CoupleMoney">Twitter </a>and <a href="https://www.facebook.com/couplemoney">Facebook</a>.<br> <br> Car Loans and Wealth<br> <br> Besides housing, one of the biggest expenses many American families have is transportation. While some cities have excellent mass transit systems, having a car payment can take a healthy chunk of your money.<br> Auto lending <a href="http://www.wsj.com/articles/total-u-s-auto-lending-surpasses-1-trillion-for-first-time-1439478198">topped a trillion dollars</a> for the first time last year.<br> The average <a href="http://www.edmunds.com/car-news/average-monthly-car-payment-pegged-at-483-study-says.html">monthly payment for a new car is just shy of $500 while used one will set you back about $360</a>. If you’re a two car family, your payments can be sucking your finances dry without giving you much.<br> If you really want to become financially independent faster, dumping your car loan can be an effective way to ramp things up.<br> Downsizing to one car might not be an option for you now, so you may be wondering where you can find a good car for a great deal?<br> Selected Links from the Episode:<br> If you’re looking to get rid of your car loan faster, here are some resources to check out:<br> <br> * <a href="https://www.youtube.com/watch?v=rffpbSeVK3g">How to Buy a Used Car (Without Getting Ripped Off)</a><br> * <a href="http://www.mrmoneymustache.com/2016/01/28/the-man-who-gets-his-cars-for-free/">The Man Who Gets His Cars for Free</a><br> * <a href="http://couplemoney.com/cars-and-road-trips/how-to-pay-off-car-loan/">How To Pay Off Your Car Loan Faster</a><br> * <a href="http://couplemoney.com/debt-reduction/digging-out-from-an-upside-down-car-loan/">Digging Out From an Upside Down Car Loan</a><br> * <a href="http://www.mrmoneymustache.com/2012/03/19/top-10-cars-for-smart-people/">Top 10 Cars for Smart People</a><br> * <a href="https://www.youtube.com/watch?v=8tk1BycWC9I">Car Payments Are NOT OK</a><br> <br> Dump the Car Loan Show Highlights:<br> <br> * The High Cost of Car Loans<br> * Finding a Reliable Car with Going to the Dealership<br> * Which Cars are Hidden Gems<br> <br>
