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Learn from Dan Miller how you two can dump the car loan and start buying your next one with cash!
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Getting Rid of a Car Loan
Looks like many of you enjoyed Dan sharing his story and tips on how his family travels around the country. What impresses me is how he has done this without incurring credit card debt.
It can be incredibly difficult to juggle credit cards for churning on top of family finances, but Dan and his wife try to live debt free and that includes their cars as well.
After I spoke with Dan about his travel hacks, we discussed how they got out of a car loan and how they make their purchases now.
Paying Off Your Car Loan Faster
If you want to pay off your car loan faster, go ahead and download episode 16, where we share our story about becoming debt free with cars.
Paying off the car loan didn’t happen overnight, but with a plan we were able to get rid of it earlier. You can find out how we paid off the car loan early, but if you’re in a rush here are some areas that we changed:
- Optimized our entertainment, phone, and internet bills.
- Upgraded our cell phone plan.
- Switched our auto insurance company.
- Eating out intelligently.
- Created a debt snowball plan( and use snowflakes to speed it up).
I’d love to get your thoughts on cars and loans. How many of you have car loans? How many of you don’t? How do you plan on buying your next car? If you’ve bought your car with cash, how did you save up for it?
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