Should A 23 Year Old Buy A $55,000 Car? 

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Dave didn’t answer “Better than I deserve”. Things have really gotten out of hand.

DAVE said it Best, it is not about your age, but about your income what matters when buying a car

Hi Dave I just graduated 3rd grade and I make 600k a year. Can I afford a $300 gokart? Btw I plan on financing it.

Its a bit concerning that a 23 year old who owns 2 business, manages 50 million in commercial real estate and has 250k in cash doesn't know if he can buy a car or which way to buy one...

I find it amusing that when broke people who are saddled down with debt call into the show people comment that it makes them "feel better about their lives", but when young and successful people call in they whine and complain. Here's an idea, stop comparing yourself to others, maximize your own potential and live your own life.

This guy just wanted to floss on people while he asked a question.

Dave’s co host is like either give me a raise Dave or I’m going into sales 😂

Sounds like a humble brag call to me.

Dave humbly “humbled” the 23 yr old “been there done that” 🤣🤣.

Caller: (breathes) Dave: *Sell your car.*

If he would deliver pizzas on the side with the car I’d say yes

Dave got him back. Lol “been there done that” this guy called to brag and Dave read him his RESUME...lol. I’m like Dave “ why finance a 50k car?!?”

Why is this guy calling Dave Ramsey? 😐

When I was young I overspent on a car . I'm glad I did because later in life i care little for anything material.

Dave calls him out "fifty thousand dollars? Naw you're kidding yourself". Guy "in real estate" calling to brag to Dave and knows he's a fake.

I'm guessing his family members just gave him the contracts for the houses, apartments. So he just manages what his family already managed. Easy money.

Sometimes I think people call in just to brag about their success 😆

Has a ton of money. Buys a used and abused Z06. Makes sense!

Dave flexing with facts 💪

One of fave clips to date! Seeing more of Dave here. Loved how he gave the young man his vote to buy a that car.

You have so much money in the bank caller , buy the car enjoy your life you're only going to be young once. Enjoy it with a debt free vehicle and just make sure to stay on top of your game.

Dave is right. Leverage is great on the way up but devastating on the way down... good lesson on risk management

Love Dave's response, "Yes, you have a car fleece."

This caller needs no advice🚶🏽‍♀️

How many people clicked on this just to find out what car he was considering buying? We all knew what Daves's financial advice would be.

I like what this new guy contributes to the conversation.

This call was like a volleyball spike to the face for the caller. 😂

Excellent video!

The caller is the rent collector for his parents' property company. In no way will a 23 year old guy can be in that kind of business.

Love you guys!

Damm I am still scrolling down for the comment section 😆

I really like how he didn't say be wasn't doing something wrong, just that it was different approach and values and still being successful

Wow this guy is awesome. He's killing it

“Big car guys” means everything has to be big. Lifestyle will always be updated.

When you don’t get the “Better than I deserve” from Dave. 😂😂😂 0:09

I really agree with Dave about who “needs” something. Age and needs don’t matter, ratios do.

Being a car guy, I understand this question 100%.

As usual a lot of salty comments accusing the kid of "calling in to brag". Newsflash it's not just broke people who want advice or who want to bounce ideas off others. Good work kid, keep striving for greatness.

It’s a wonderful thing to have a rich life and I’m glad for him. One of my goals one day to be in that position. I especially admire those who’ve achieved success at a early age. I will say, I hope he can find people in his life to help humble him. It really wasn’t necessary to phone in and ask a question the caller already knew the answer to. Just enjoy the blessings life has to offer you, no need to talk or brag about it.

I love watching these get rich quick ads before and after Dave Ramsey’s videos 🤣🤣.. makes total sense 😀

For someone that is so successful they seem kind of unaware of what’s happening in the global financial world right now.

Used car is a smart purchase. He sounds like he is pretty good with money, so go for it brotha!

The doctor didn’t agree with Dave on this one, you can tell.

23 years old making 250k, his family must be loaded.

I love Dave Ramsey and listen to him almost everyday this episode was spot on props to you Mr Ramsay

That caller is doing real well. Only a matter of time before I see it for myself! Shoutouts to that kid!

Me at 23 years old watching cow and chicken, your Awesome !!!

What’s ironic is the ad at the start of this video was for a brand new $55,000 car 😂😂😂

Just about all “car guys” I know can’t even change their own oil.

To this young man, if you're not trolling, keep up the good work. But don't fly too close to the sun

Respect. 💯👍

I'm so sick of rich people calling this show

From the title I was saying yeah no chance, then a minute in I’m like huh yeah corvette corvette.

Best Dave Ramsey sermon that I've heard in a while! Love the analysis of the nature and purpose of wealth

Respect. Call in just to flex 💪🏼 Let’s gooooo

I was starting my post college life living in a trailer park at that age.

Hey...God bless that young man..

You are 23 once in your life , sure you can pay cash for that car later on if you play your cards right but It just Won't Be the same. Buy the car ,enjoy every minute live your youth to the fullest you have the rest of your life to play Mr Ramsey

I would love to see Dave's car collection!

Gone head and flex on'em real quick Uncle Dave.

I said once and I’ll say it again. That’s that Florida lifestyle right there.

This guy just came on here to flex real quick 💪

I haven’t even watched this yet. I paused it at 0:06 lol. The answer is “if they can afford it, go for it.”

I was hoping for his best line, "well, that was stupid."

The standard for most people of what is "excessive" is what they cannot afford to get.

Daddy's money. Literally almost every "car guy" I know had their family buy their car for them.

Wow much wisdom just dropped...”look in the mirror when you start saying who needs...” “you can be just as proud of what you don’t have as of what you do”

Nothing worst than fake. Guess he needed attention.

"You got different friends than me" 💀

Humble brag

OMG! The insurance!

Meanwhile at 23 I had $200 in the bank

risk factor also needs to be accounted for. Risk of an accident in a high performance car driven by a 23 year old has an inherently higher fifure. So there's that variable.

Pissing match 🤣

Leverage... The best example of companies running on debt are the airlines. They borrow money on something much bigger than a car and can fly but still goes down in value by $millions.

It always bothers me when people list irrelevent things. The title is saying: "can I buy x at y" when it should be saying "can i buy x at z" (z being a financial postion independent of age).

I wish I could spend 50k on a rig, my wife and I make 280k a year take home and I cringed when I paid 20k for a truck 10 years ago Dave Ramsey broke me I’m addictive to saving money and highly allergic to spending after following his steps

I took the car plunge this year. I added a $800 1995 Pathfinder to my $800 1990 F-250 in the driveway! Both, thus far, are able to get me to work and back too.

23-year-old driving a Z06. Wonder what the insurance is going to be like. 😲

He is wrong about it being envy. I am perfectly content with my 2006 SUV and I have a fantastic life. There is no way I would buy a $400k car regardless of how much money I had. There are too many other places I would rather see it go. That is not to say I don't think anyone else should buy one if they can; but I most assuredly am not envious.

Dave: You’re a stud!!!…but I was a bigger stud when I was your age.

I did, V8 commodore MY2016. $46,000 AUD Purchased outright. Never get a car loan!

Don’t do it, things can always go sideways. Especially if your leveraged and you suddenly get Low tenancy your house will go back to the bank. Wait there’s gonna be Carmageddon coming soon you could probably get the 2019 model for like 35K.

6:00 Tall-poppy syndrome is so embedded in Australian culture, hence why we always cheer on the underdog.

I like this guys way of thinking, that's why I would finance a car and keep the cash for an investment oppourtunity

He definitely can afford it right now but is highly leveraged.

im 24 and just financed a 39k Kia Stinger gt2. I have 30k in stocks and work a full-time job. I make 60k annually and I am happy going and coming from work. LIVE YOUR LIFE RESPONSIBLY PEOPLE

Love hearing these humble brags. Great to hear successful people stories

This guy is in real estate and wants to finance 55k car in middle of pandemic? He will be broke after this coronavirus shenanigans is done with us, rip

This guy is a STUD HELL YEAH

I did that at 21 lol 24 now and no regrets baby

Why would you finance a car when you can pay for it in full. Come on my guy🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️

Most of Florida's real estate market's about to tank in the next year or two, especially commercial real estate. I wouldn't be buying RE at all; if anything, I'd be selling. And on the car front, the ~65k Model 3 Performance with the Full Self Driving option package is way more practical than a Corvette, just as fast (maybe a touch faster) and will depreciate less over time.

Dave Ramsey comment sections are so funny. We end up with one of two things every time: 1. People saying "why is this caller so stupid, how could you make such bad financial decisions?!" Or 2. "Why is this person calling to brag about their wealth!"

For me is not about how much money you have. If I have 250k cash and want a 55k car I will finance it. The reason is simple. My money is better invested than buying cash for a depreciating asset. To each their own

Thank you for the video Dave. If you can afford it, then I don't see a problem with it. We all know Dave is into no debt. However, if you are financially literate, financing can sometimes make sense. We could have paid cash, but we financed our old 2013 Toyota Highlander, because Toyota had that huge recall for window fires (shortly after unintended acceleration issues) and were offering 0% APR across the board to get business. That is financing, but at 0% we definitely made better use of the $30K over the 5 year financing. When we traded that car in for a newer car, we put as much of the sale price onto our credit card that the dealer would let us ($5K) and paid cash for the rest. We then paid it off our entire credit card bill when it was due. That was a 1 month financing, but we got 10,000 points for it and paid 0% and $0 in fees. No, we didn't make our money from credit cards, but like most people who succeed... we have been able to use credit cards responsibly (go ahead, ask a wealthy person if they have a credit card). We all know many people cannot handle financing, but to say it is always bad for everyone doesn't make sense mathematically or logically. You just have to be part of the 20% who can handle it, reaping the benefits that the 80% pay for... the 80/20 rule.

Leverage is fine so long as you understand the terms of that leverage. Treating all debt as bad debt is an archaic way of thinking.

Damm Dave's got the new 2020 Corvette.

This reminds me of that joke about the mouse and the donkey and the Corvette. Anybody heard it?