Is now a good time to buy an EV

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*Sorry for any grammatical errors as this description was generated using AI

Reid Trego, the host of the Money PIG podcast, is joined by Wealth Advisor Ray Brown, a financial advisor at Goodwin Investment Advisory. They discuss automobiles and the misconception that cars are investments. They also address listener questions about buying electric vehicles (EVs) and whether it’s better to lease or get a car loan in light of rising interest rates. The discussion highlights the availability of tax credits for EV purchases in 2023 and later. It emphasizes that while EV prices have dropped, buyers should consider the true value of the vehicle after accounting for tax credits. Finally, they touch on the complexity of navigating car financing options and caution against viewing cars as investments due to their depreciation in value over time.

The Money PIG podcast is hosted by Reid Trego. Goodwin Investment Advisory is a Registered Investment Advisory firm regulated by the Securities and Exchange Commission in accordance and compliance with securities laws and regulations. Goodwin Investment Advisory does not render or offer to render personalized investment or tax advice through the Money PIG podcast.  The information provided is for informational purposes only and does not constitute financial, tax, investment or legal advice.
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The Money PIG Podcast brought to you by Goodwin Investment Advisory where our Mission is to lead people to Financial Peace, Independence and Generosity.
By Published On: August 23rd, 2023

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