Today’s episode is a listener question from Chris where he’s asking if it makes sense to buy a car using a life insurance policy. Kim Butler and No B.S. Money Guy Todd Strobel address this question to help listeners understand their best options since financial planning to buy a car is a good exercise.
Tune in to find out how to take control of your finances today, and read our Ultimate Guide to Financial Planning Myths to learn more about our favorite financial strategies. Do you have a question you would like answered on the show? Please send it to us at email@example.com and we may answer it in an upcoming episode.
Show Notes:00:00 Intro
01:35 Understand the car loan interest rate
02:13 The 3 components to understand in this listener question
04:15 The best thing to do with the down payment.
06:25 If you already have an emergency fund here’s what to do next.
08:12 How to make your car loan least expensive as possible
11:48 Mutual life insurance companies vs typical whole life companies
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