Teachers’ Wheels: Cars and Transportation

Tawni Hunt Ferrarini (), M. Scott Niederjohn, Mark C. Schug and William Wood
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Tawni Hunt Ferrarini: Lindenwood University
M. Scott Niederjohn: Lakeland University
Mark C. Schug: University of Wisconsin–Milwaukee

Chapter 4 in Teachers Can Be Financially Fit, 2021, pp 33-45 from Springer

Abstract: Abstract Terry and Megan had the same $349 monthly car payment, but everything else was different about their car strategies. Megan’s smart strategy put her on a path toward an additional quarter-million dollars of lifetime wealth, compared with her fellow teacher Terry, who would always be leasing a new sport-utility vehicle. This chapter builds on Megan’s and Terry’s stories to explore the distinctive needs of teachers for transportation. They have to be there – they need to get to school, where others are counting on them. Yet comfortable and reliable transportation is not that expensive when careful strategy is applied. This chapter shows how to shop and buy, how to make maintenance decisions, and how to avoid poorly negotiated deals. Educators following this chapter’s advice can substantially improve their financial fitness without driving clunkers.

Keywords: Buying a new car; Buying a used car; Leasing a car; Reliable transportation for teachers; Building wealth; Car shopping; Car financing; Negotiating a car deal; Negotiating strategies; Car loans; Long loans; Upside down with a loan; Car repossession (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-49356-1_4

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DOI: 10.1007/978-3-030-49356-1_4

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