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Teachers’ Wheels: Cars and Transportation

In: Teachers Can Be Financially Fit

Author

Listed:
  • Tawni Hunt Ferrarini

    (Lindenwood University)

  • M. Scott Niederjohn

    (Lakeland University)

  • Mark C. Schug

    (University of Wisconsin–Milwaukee)

  • William C. Wood

    (James Madison University)

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.

Suggested Citation

  • Tawni Hunt Ferrarini & M. Scott Niederjohn & Mark C. Schug & William C. Wood, 2021. "Teachers’ Wheels: Cars and Transportation," Springer Books, in: Teachers Can Be Financially Fit, chapter 4, pages 33-45, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-49356-1_4
    DOI: 10.1007/978-3-030-49356-1_4
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