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Budgeting for Your Dream Car: Essential Tips for Women

In this episode of 'Women Buying Cars,' host Meredith Reynolds, a former teacher turned used car dealer, shares necessary financial strategies for women to confidently purchase the right car without breaking the bank. She recounts personal experiences, including falling in love with a Range Rover, and emphasizes the importance of setting a realistic budget before car shopping. Meredith advises spending no more than 10% of take-home pay on monthly car payments or 35% of gross income if paying cash. She suggests using free budgeting apps to track expenses and avoid being 'car poor.' The episode also features a shout-out to the Subaru Crosstrek for its safety and style. Meredith urges listeners to make smart financial decisions and find great deals on used cars that fit their budgets and lifestyles.

00:00 Customer's Dream Car Hunt
00:47 Introduction to Women Buying Cars
01:04 The Importance of Budgeting
01:56 Calculating Your Car Budget
03:06 Financing vs. Paying Cash
03:53 Realistic Car Shopping
04:20 Using Budgeting Apps
05:29 Avoiding Financial Pitfalls
07:00 Exploring Affordable Alternatives
08:52 Cars I Love: Subaru Crosstrek
11:52 Final Budgeting Tips
14:32 Conclusion and Farewell

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