WCI Podcast #218 - How Much Car Can You Afford?

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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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I’m with you on all the car advice. What about an SUV vs a small car? Any reason to want a bigger car for that specific extra protection?

Matt
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Cannot get those cars these days. I have bought new cars always, low interest loans, paid off early, driven 5–15 years. That has worked well for my family, so I think it is not a hard and fast rule.

anderacpharmd
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Just saying, the anesthesiologist is coming along side the OB, the trauma surgeon, and you never call us :)

RPaulTostenrud
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Want safety? Want to drive in the snow? Get a Volvo (a real one, if you know, you know)

Used ones for $10-15k that are beautiful and comfortable with modern tech.

BostonCycling_
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I’m with you, but your point was a bit exaggerated.

paulvollmer
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Don’t forget interventional cardiology

ero