# The $6,884 Mistake Nearly 1 in 3 Car Buyers Make at Trade-In

Page: https://stenobird.com/podcast/financially-confident-christian-773313/the-6-884-mistake-nearly-1-in-3-car-buyers-make-at-trade-in
Text version: https://stenobird.com/podcast/financially-confident-christian-773313/the-6-884-mistake-nearly-1-in-3-car-buyers-make-at-trade-in.md
Podcast: [Becoming Financially Confident](https://stenobird.com/podcast/financially-confident-christian-773313)
Published: 2026-09-01T21:30:00+00:00
Episode link: https://www.becomingfinanciallyconfident.com/make-at-trade-in
Audio file: https://episodes.captivate.fm/episode/a04c811e-0b11-47da-86ff-9970cbf8e326.mp3
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Duration seconds: 3167

## Resource

Prescription just got 97% cheaper through a program most people don't know exists, gas is running 90 cents higher than last Labor Day, and nearly 3 in 10 car trade-ins are underwater by an average of $6,884. That's today's show. This is Becoming Financially Confident , live weekdays at 11:30am Eastern. I'm Ralph Estep Jr., a licensed public accountant with 30 years of experience, and I'm joined by my cohost Juliet Chuang. Today we covered: Prescription prices fell 3.1% this year, the biggest drop since 1963, but I'll tell you why that number didn't move my own pharmacy bill, and the manufacturer program that took my own medication from $770 a month down to $25 What actually makes sense financially between driving and flying for Labor Day, and the rule I use now that I'm older How to spot a fake charity before you donate, including the sites I actually use to check where the money goes Why 1 in 4 credit reports has an error on it, and how I use WalletHub to keep an eye on mine Today's Breakdown, what it means to be underwater on a car loan, how rolling negative equity into a new loan can quietly cost you thousands more in interest, and the order you should negotiate a car deal in so you don't get taken advantage of This week's money move, freezing your credit reports at all three bureaus You can watch or listen live with us at https://www.becomingfinanciallyconfident.com/live . Got a money question? Send it to me at becomingfinanciallyconfident.com . Links referenced in this episode: becomingfinanciallyconfident.com becomingfinanciallyconfident.com/community becomingfinanciallyconfident.com/wallet becomingfinanciallyconfident.com/lawdepot Companies mentioned in this episode: Happy Harry's Walgreens Goodrx WalletHub Charity Watch give.org Charity Navigator Tunnels for To…

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