06 – The FI Garage Finally Talks About Cars

In this episode, the Mechanic, the Accountant, and the Economist begin tackling the huge subject of transportation costs. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional.

Beer #1 – Sweet Leaf IPA – Brewed & Bottled in Duncan by Red Arrow Brewing Company [1:11]

What’s in the News?

Minimizing Vehicle Expenses

  • DIY repairs [6:50]
    • Going to the dealer while under warranty: might not be mandatory, check your warranty and document [40:05]
  • Making Smart Buying Decisions [11:40]
    • Negotiation Tactics [17:50]
    • Lemons and Getting the Car Checked Out [21:40]
    • What to Watch Out for When Buying a Used Car [36:10]
  • Budgeting for Maintenance [37:57]
  • Insurance [44:45]
  • When to Get Rid of a Car [48:10]

The Money Mechanic’s Jetta [43:49]

2nd Beer – Devil’s Elbow IPA Brewed & Bottled in Squamish by Howe Sound Brewing [31:00]

Reading List

Stupid Money Move [57:37]

  • Leasing a Car – it’s a bad idea, don’t do it. End of story.

Recent Posts [1:03:55]

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