Are you considering a 7-year car loan? Think again! Clark breaks down why these long-term loans (stretching to 2032!) are a financial trap. Plus, he covers the exciting news of a $20,000 new car coming soon. Also, skimming scams are on the rise, and they're getting more sophisticated! Learn how these criminals steal your debit and credit card information and, most importantly, how to protect yourself.
Plus, Christa shares your #AskClark questions and Clark gives his take. All this and more on the June 2, 2025, episode of The Clark Howard Show.
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00:00 - Intro
01:20 - Terrible Mistake 1 in 5 Car Buyers Make
06:09 - Ask Clark - What should you do if you receive a merchant gift card with a hidden option to transfer the balance to your bank account? (Nancy in Alabama)
07:40 - Ask Clark - Can jewelry actually be a good long-term investment, especially when values seem to be rising sharply? (Anonymous in Georgia)
10:08 - Ask Clark - Is it possible to sell a term life insurance policy you no longer need, and if so, how? (Cindy in Georgia)
12:00 - Card Skimming Is Back
18:08 - Ask Clark - Is it more cost-effective to take your car on the ferry to Nova Scotia or rent a vehicle once you're in Canada? (Susan in Maine)
19:41 - Ask Clark - Is an annual travel insurance policy worth it if you take multiple trips a year? (Dennis in Florida)
21:07 - Ask Clark - Do airline sales apply across all cabin classes or are they usually limited to economy fares? (James in Georgia)
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