Ep. 202 - Woman Goes Viral for Paying $24,726 for a Car Only Worth $278

The Good Financial Cents Show w/ Jeff Rose, CFP®

On this episode of the Good Financial Cents show, we discuss the viral story of a woman who purchased a used car online for $24,726, only to later discover that the vehicle was worth only a fraction of that amount - $278!

The woman had shared her purchase online, initially believing that she had paid a fair price for the car.

We delve into the details of the transaction and examine the factors that led to the woman's mistaken belief that she had secured a good deal. We also discuss the consequences of sharing personal information online and the impact it had on the seller's reputation.

Throughout the episode, we explore the risks and challenges of making large purchases online, especially to understanding the terms and conditions of the sale. We offer strategies for protecting oneself when shopping online and avoiding common mistakes.

We also examine the power of social media and the impact of viral content, and the lessons that can be learned from this experience.

Overall, this episode provides valuable insights for anyone who shops online and is a must-listen for those interested in making informed financial decisions.

Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com.

Resources:

• Is it Better to Lease or Buy a Car?
• Best Time to Buy a Car
• Best Car Insurance for Young Adults

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