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When Does It Make Sense To Buy A Brand New Car? 

The Ramsey Show Highlights
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29 окт 2024

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Комментарии : 1,9 тыс.   
@TheRamseyShow
@TheRamseyShow 8 лет назад
Stay up to date with the latest videos from The Dave Ramsey Show by subscribing! ru-vid.com
@zachs3541
@zachs3541 7 лет назад
No she is just an idiot who did not pay attention when he instructed her on what to do!
@doorhuggers3329
@doorhuggers3329 7 лет назад
The Dave Rmsey Show 8
@joshuas.169
@joshuas.169 7 лет назад
If anyone from Ramsey Solutions sees this, Bank of America videos are showing up in the recommended space for this video.
@joshuas.169
@joshuas.169 7 лет назад
Can't this woman do basic math? I don't want to be the patient of a nurse who doesn't understand basic math.
@dashingmay
@dashingmay 5 лет назад
So when she sells her $5000 car, she'll get back exactly $5000? Where????
@cubanamerican22
@cubanamerican22 8 лет назад
I'm glad people buy new cars, I'll have more choices for my next used car in 10 years.
@aubdawg6317
@aubdawg6317 8 лет назад
as much as I agree with you about buying used, I would be surprised if many of the new cars made today last 10 years, with the increasing gadgetry and complexity of new vehicles. they will become too expensive to fix without a warranty.
@killer2600
@killer2600 8 лет назад
Keep in mind people have been saying that since the 80's, and time has proven the gadgetry and complex vehicles do last and the common auto shop is able to fix them.
@Murphy0r30
@Murphy0r30 8 лет назад
+Killer2600 simple auto shops can't fix all new cars, volvo, audi, bmw all require specialized technicians for a lot of the work. although on other cars, sure, a lot of it can be. it's just going to be expensive when the automated parking system in your Tesla fails when it's out of warranty, that's all I am trying to say.
@BuffyunaTV
@BuffyunaTV 8 лет назад
Used cars are gross, do you buy used underwear?
@Murphy0r30
@Murphy0r30 8 лет назад
+ThickStick I only wear used underwear on my head when I am pretending to be captain underpants. but in all seriousness, did you just compare cars to underwear?
@ChrisBoulas
@ChrisBoulas 7 лет назад
She went out and financed a new BMW.
@ulnvrbwhtur
@ulnvrbwhtur 7 лет назад
I bet!
@ninjad3
@ninjad3 7 лет назад
Chris Boulas i agree
@r6master69
@r6master69 7 лет назад
Chris Boulas yeah she's an idiot you can just tell lol
@jeffc5974
@jeffc5974 6 лет назад
Probably leased it instead.
@comptoncity2
@comptoncity2 6 лет назад
Fleeced if lol
@eriknobles3946
@eriknobles3946 9 лет назад
I bought a $1500 car and it last 4 years and all I've done was the routine maintenance.
@antdx316
@antdx316 9 лет назад
or she could spend $3000 to get her car fixed which saves her $2000 more over $5000 initially recommended by Dave Ramsey than getting rid of the car and spending $5000 then have $7000 for down payment.. I think I'm smarter than Dave Ramsey..
@Paulinavasquez1030
@Paulinavasquez1030 8 лет назад
+Anthony Abelardo ok you don't get the full picture. If your making payments on a car or anything with a loan or any kind of bank deal .. Your more than likely going to pay INTEREST. Which means your paying more than what it costs over time . So buying 35k Car with half of it down payment .. Is going to be 15k and with interest it's going to be more depending how long the payments are and the percent of interest charged .
@antdx316
@antdx316 8 лет назад
Douglas Moran Some people get like 23% APR on a $30k vehicle maybe. Realistically it's supposed to be 3-6% max.
@seanphot
@seanphot 8 лет назад
+Anthony Abelardo you sir do not need to be on this channel.This channel is about getting out of debt period.Broke people stay broke because they stay in debt and millionaires don't have car payments
@antdx316
@antdx316 8 лет назад
ernst pierre but.. it's kind of where it converted into getting stuff done that would have never gotten done if they hadn't gotten into the result of debt asset conversion
@GhostRider-870
@GhostRider-870 7 лет назад
I spent almost 10 years driving garbage cars. Breaking down on side of the road, late to work because cars won't start etc etc. I debt free except for my mortgage which is only 12 percent of my net take home pay. Last year I paid $22K for a brand new car CASH. I need the peace of mind knowing I'm the first and only owner. I think I've sacrificed enough
@dchawk81
@dchawk81 7 лет назад
Kevin D Yup. Peace of mind has its own value.
@richardpatterson4312
@richardpatterson4312 5 лет назад
What exactly did you sacrifice? You sacrificed debt? That's a worthy offering? Edit...sorry dude, I just saw you paid cash. Do whatever you like with cash! You could light out on fire and throw it out the window with my blessing, I'm not being sarcastic. More power to you.
@situated4
@situated4 5 лет назад
Cool.
@senseisecurityschool9337
@senseisecurityschool9337 4 года назад
If you can afford to pay cash and you want to, go for it. On the other hand, somebody spent $33K on a new car. They kept it spotless. Two years later I bought from him for $16K. A two year old car in good condition is reliable, and I saved $17,000
@senseisecurityschool9337
@senseisecurityschool9337 4 года назад
@D Probably 90% of the cars I saw listed online weren't quite that good of a value. Fortunately, in Dallas there are probably 600 cars listed on Craigslist and other sites on any given weekend. So throwing out the 90% that aren't a great deal, that leaves me 60 to choose from each week.
@james11h
@james11h 7 лет назад
I drove an $800 car for two years, had one problem I had to have fixed for $500 along the way. You absolutely can make a $5,000 car last a year while you save up the $$$. The whole point is that if you suddenly lose your job or get sick, you have a paid off car in your driveway and cash in the bank instead of a repo truck.
@oddmad8613
@oddmad8613 5 лет назад
You got lucky.
@Scott00
@Scott00 5 лет назад
@@oddmad8613 how did he get lucky? I have had many cars from $1000-5000 range and all have lasted years and still ran fine when sold. One bought for $4000, drove 100k miles and 7 years before trans failure, bought a junk yard trans for $200, installed myself in a day in driveway!! And drove another 20k and sold it for half of what I originally paid for the car.
@tcathunder
@tcathunder 4 года назад
Ya I drove my bicycle with no issues
@jseden
@jseden 4 года назад
D but the info is out there for anyone who might have the initiative..
@codorin
@codorin 4 года назад
@D then throw you money away at the dealer... all most people really need is some basic knkwledge of cars, the effort to care, and a good mechanic (not a dealer or a chain brand type). most cars will be good. i had and still do some beaters. take care of them, and they will pay dividends.
@hern9897
@hern9897 4 года назад
"I have a Ford fusion" There's your problem.
@jacktesar15
@jacktesar15 4 года назад
This hits close to home 😂
@LatinGhost916
@LatinGhost916 4 года назад
I think ford makes faulty electronic parts so they can keep selling
@DC45193
@DC45193 4 года назад
Lol
@burntblonde2925
@burntblonde2925 4 года назад
I love my 2003 Camry! 208,000 miles and going strong!
@timetowakeup6302
@timetowakeup6302 3 года назад
Toyotas and Hondas are the way to go
@regulus8319
@regulus8319 3 года назад
@@timetowakeup6302 facts if she keeps care of it she will have another 100k-200k miles to go on it 😂🔥
@foushoo
@foushoo 3 года назад
Same here! I got a 05’ camry and she never let me down ❤️ ive owned dodge, infinity, nissan and all three eventually came w problems (no matter how many visits to the mechanis). My camry only gets routine maintenance and I can drive that baby 200 straight miles w a smile on my face
@normagarcia3570
@normagarcia3570 5 лет назад
After listening to you for 2 days im scared to even walk in target
@luis_fitness2243
@luis_fitness2243 4 года назад
Norma Centeno same here 😂🤦🏻
@mirandam5746
@mirandam5746 4 года назад
🤣🤣
@DU30DU30
@DU30DU30 4 года назад
😁 relate much! now i'm so nervous to treat my self even for a cup of tims coffee 😭😭😭
@wesfields9322
@wesfields9322 3 года назад
And Starbucks probably
@barryetherton4889
@barryetherton4889 3 года назад
Smart lady.
@ErrorPagenotFound-ig1cy
@ErrorPagenotFound-ig1cy 5 лет назад
“Pay YOURSELF a car payment”... I needed that. I have a 2011 sedan that i’m thinking of trading off BUT not excited with the monthly payment the new car will come with.. so basically, i’m saving as much as I can to PURCHASE without the need to FINANCE. Thanks again, Dave!
@aquatrax123
@aquatrax123 8 лет назад
I'm not buying that an 8 year old car is shot. Translation here, "i just got my RN and all my friends drive BMWs and I deserve it even though I did not earn a dime yet from being a RN."
@killer2600
@killer2600 8 лет назад
It's not "shot" it's just needing repairs that exceed the car's value. You can ask Mr. Ramsey himself but I'm pretty sure he doesn't think it's wise to spend more on repairs than what the car's worth.
@Jaguar7444
@Jaguar7444 8 лет назад
I agree with @aquatrax123 what makes you think you don't end up with a worst car after paying off the car and buying another used car.
@jcherestal
@jcherestal 8 лет назад
that's what happens when you buy a ford
@4dscdriver
@4dscdriver 7 лет назад
aquatrax123 it may be shot if it was abused and the simple fact it's a Ford doesn't help any either.
@bsambo8577
@bsambo8577 7 лет назад
aquatrax123 you're an idiot
@thebucszone
@thebucszone 8 лет назад
all of it is a mess.. selling a car that isn't hers, parents still owe thousands on a 06 fusion 3 years later, willing to pay thousands in the first place for "repairs", wants 500$ car payments, graduated nursing school but isn't seeking a job after, and still has no clue what he said.
@annie000
@annie000 8 лет назад
Amen!
@Alumnikiid
@Alumnikiid 8 лет назад
first question is she spent $2500 in repairs and needs to spend another $3000 what kind of repairs is she downing, someone must be ripping her off, only way to spend that much is if engine or transmisson both failed
@ChaceBonanno
@ChaceBonanno 7 лет назад
Best comment
@joshuas.169
@joshuas.169 7 лет назад
Who wants a car payment anyway. Buy a car outright and never deal with a finance company. Same thing with electronics, and those become obsolete after several years, rather than just depreciating.
@desertguy1362
@desertguy1362 6 лет назад
500 a month toward a car pmt combined income 67k a year that's probably gross. That 500 is alot when your take home is not much for 2 people. Best is to get out of old vehicle and buy a bus pass then save for a year and buy cash 10k used realiable veh. Also you will have alot more respect for that hard earned money.
@BrianVelez
@BrianVelez 7 лет назад
bruhhhh, 67k a year and really struggling? how? My wife and I make way less and were able to figure stuff out. This always takes me by surprise.
@michellerichardson3090
@michellerichardson3090 4 года назад
If you don't know how to budget, you'll never make enough
@esprockstsjh
@esprockstsjh 3 года назад
If just dropped 3k in repairs you can easily see why struggle a bit and only a bit because she had 6k in bank most people only have hundreds lol
@kateg9437
@kateg9437 3 года назад
Its woth her fiance. While they probably do living expenses together, his savings are likely different to her savings. We know she has 6k, but dont know what he has (or the earnings ratio)
@supermanprime1281
@supermanprime1281 3 года назад
Net pay 50k plus whatever services or memberships she has
@SgtSnausages
@SgtSnausages 3 года назад
Look around at the every-day folks you deal with on a day-to-day basis and tell me again that you are honestly "surprised" ... ... Really???
@SW20FL
@SW20FL 8 лет назад
People, you seriously need to start shopping around. This isn't even funny. There should be nothing on a 2006 Ford Fusion that costs $3,000. Even an entire used engine and transmission together. The stealership is ripping you off. They'd happily charge you $50 for 50 cent floor mat clips...and we did that all the freggin time. Go to a *reputable* parts dismantler for the part you need (I'm assuming transmission) find a independent shop to install whatever it needs, and then sell it for what it's worth. You shop around when you are looking for a house, you shop around and look for deals at the store, you can do that for repairing your car also. Stop going to the stearlership for all your needs. The service writer at our dealership gave us *plenty* of jobs for things that weren't needed. Also, there are PLENTY of $6,000 cars that are good. As a matter of fact, there's plenty of reliable cars in that range (6-10k) that are freaking awesome with navigation and leather seats. Use Google for research, and take it to a shop for a pre-purchase inspection. Yours truly, a mechanic who worked at a Ford dealer.
@adrianb6942
@adrianb6942 6 лет назад
so true, she could easily take that $3000 and make her car reliable with it.
@isaachaze1
@isaachaze1 6 лет назад
don't know if you're in Sacto david, and yea, you're absolutely right! i have a completely honest mechanic who never rips me off and tells me when it's not worth it to keep putting money in to a clunker. an honest mechanic is invaluable. the dealer shops will almost always rip you off
@bornagain5199
@bornagain5199 6 лет назад
She should have just found a good mechanic and fixed the car she has for $3,500. Her car would most likely be reliable after that and she could still pay herself the $500 per month. Honestly at $5000 for a car you don’t know what you are getting into at that point. Play the safe bet and fix the current car
@BoopSnoot
@BoopSnoot 6 лет назад
"The stealership is ripping you off." Did you listen to her? She had the IQ of a chipmunk, so of course they were going to charge her $500 for blinker fluid flush.
@TeeroyHammermill
@TeeroyHammermill 6 лет назад
+Born Again: I agree. The only good $5000 cars I've seen were 20-30 year old granny boats with less than 30,000 miles on them. A young girl fresh out of college is not trying to be seen in those types of cars.
@cmilligan1586
@cmilligan1586 6 лет назад
still driving my 96' Ford Danger Ranger and it is still going strong with over 300k miles!!!! save save save!!!!
@mouwlylee5014
@mouwlylee5014 5 лет назад
That ford Ranger eat a lot of gas
@TerriJBrown-dz1lw
@TerriJBrown-dz1lw 5 лет назад
@Greg B My 2005, 14 yr old Nissan, w/ 265K miles died this year and guess what I'm borrowing until I buy a used car...? My mom's 25 yr old S10 Chevy. Go figure!
@samhouston1483
@samhouston1483 5 лет назад
Why go through all this hassle!? Seriously, just get a $10-15k (max) car and finance it with a 1-3 year auto loan through a credit union at ~2%. Everytime you buy and sell a car it costs $ (taxes, transfer, registration etc). It’s not worth all the hassle and the higher risk of getting another unreliable vehicle to do what Dave suggests.
@GabeStrom82
@GabeStrom82 5 лет назад
Michael P That’s my biggest issue with his trade up strategy... for all the money you’ll save on interest buying cash you’ll spend in state registration and taxes selling and buying. At 2-3% interest it seems like a wash. But I guess a cash car can never get repo’ed either.
@---cr8nw
@---cr8nw 4 года назад
I can't stand his trade-up strategy. Every used car purchase is a gamble. Why trade in a reliable car just to spend more on another gamble? If the $5,000 car was reliable for 10 months, why not keep it rolling for 24 months and see where you're at? After those first 2 years, you'll have a $4,000 car (depreciated) and $12,000 in the bank. If it's still reliable at that point, see how long it'll keep rolling. At least then you're in a position to make a good decision when it stops rolling.
@nathansautodetail
@nathansautodetail 6 лет назад
I drove a $6000 car for 7 years. Had a few problems towards the end, but I fixed all the issues before it was sold. I could have kept it awhile longer with no further issues for awhile. One thing my dad always said, take care of your car and it will take care of you. With proper maintenance any car will usually last for quite some time. $5k will definitely buy a nice running car.
@mihail515
@mihail515 Год назад
Not anymore it won’t
@nathansautodetail
@nathansautodetail Год назад
@@mihail515 You're right for the most part. That comment is 5 years old. I did buy a $6k car this year though that only needed $1k in repairs and it's been working great. So there are deals that can be found. It's harder to find them though.
@AntonioStark7
@AntonioStark7 7 лет назад
$500 car payment? Still stuck on that. then she said she was putting $6000 down? Sounds like she wanted to finance a luxury car. Whatever dealership gets her is going to have a field day.
@jakarai
@jakarai 7 лет назад
lol
@Ebizzill
@Ebizzill 5 лет назад
i wanted to put down 6000 for a 10k with the intention of paying it off in 2.5 years and possibly less.
@viv1d
@viv1d 8 лет назад
At the end she was still talking about a 10k down payment 😂😂😂😂😂😂
@Freerydah73
@Freerydah73 7 лет назад
Alexander Vaughan She got confused with what Dave mentioned about getting a 15K car if she wanted to.
@joemunoz1476
@joemunoz1476 7 лет назад
she went to the dealership that same day and got the BMW fsho!
@mikeyrobinson5355
@mikeyrobinson5355 6 лет назад
Joe Munoz of course she did
@jacobamiri196
@jacobamiri196 6 лет назад
probably blonde
@666dynomax
@666dynomax 5 лет назад
i'm so confused.. let's try this again lol
@oregonnich
@oregonnich 8 лет назад
I bought a 96 tacoma , 4 cyl 4x4 manual with 120k miles in dec. 2005 for a whopping $2000 (talked down 1k). It's now 2016, 10 years later and I've since put on about 140k miles and have done nothing major but a new radiator, brakes, tires. Most of which I have done all the work myself minus 1 set of tires. It is very possible, however the truck isn't the most comfy, roomy, quiet and pretty. It has a fair amount of dings on it but it got me where I needed to go. Oh yeah, and it saves me a TON of money. I don't even know what debt is (never had any). The main difference is the car you buy. Buy a good brand and actually do a little research on used cars that have little problems for their model year. Honda's and Toyotas are the way to go. Our other car, a 2007 Chevy Cobalt we purchased for a whopping $7000 from the chevy dealer cash in 2010. We got it with about 70k miles on it and now are sitting at 145k miles. It gets 30 mpg and we have done barely anything to it except brakes, tires, alignment. We could get probably $4000 or more for that car I'm sure but we will keep driving it into the ground. Take care of your car and they will take care of you.
@liembui4239
@liembui4239 5 лет назад
After hanging up the phone, she goes out to buy a $15,000 car with a $5,000 down payment.
@murdamark626
@murdamark626 5 лет назад
Liem Bui if you have the money for it what’s the big deal?
@JsChannel8
@JsChannel8 5 лет назад
murdamark626 clearly you don’t follow this guy much. No car payments, buy a car you can pay cash for
@cassnate6259
@cassnate6259 5 лет назад
I get what Dave is saying, but if she financed a $15k car with $5k down for, say, a 4% rate, that would be about $630 interest for 3 years. Sure, it's a little cost, but she doesn't have to fear a repair of a cheaper car and also doesn't have to trade up in 10 months. Plus the 15k car is probably safer.
@__-of3bt
@__-of3bt 5 лет назад
cassnate6259 these people just hear things someone else says and repeat them
@bd5863
@bd5863 5 лет назад
@@cassnate6259 So right. First of all, there is a transaction cost to changing vehicles which will likely equal or exceed that $630. Then there is also a much greater risk that the $5k car will show issues, so she is risking that it won't. After that, he is assuming that the trade-in value will equal what he she bought it for. Silly.
@tanman102
@tanman102 10 лет назад
I shopped around and paid 3k for a loaded mercury mountaineer. Cheap price because it was private sale and some of the peripherals like cruise and cd don't work. Blue book on it is 6k. So I will drive it for a year and then sell it for more than I paid for it. Is it perfect? No but it's reliable and cheap insurance cheap taxes. And if it was wrecked tomorrow who cares.. I own it outright.
@iamfocus2651
@iamfocus2651 10 лет назад
I like your thinking!!
@babblesp1367
@babblesp1367 7 лет назад
Just remember that even though it says it's worth 6k it doesn't mean that's how much you'll get for it.
@dchawk81
@dchawk81 6 лет назад
Hard to sell a car for blue book when cruise and CD don't work. Might wanna fix those.
@SpiritLeash
@SpiritLeash 7 лет назад
My mum bought a car for 400 bucks, drove it for 4 years then sold it for 300 bucks. It cost 25$ a year and the gas usage was so efficient. Amazing
@my350z916
@my350z916 8 лет назад
I noticed something missing in this advise sir! The car she buys for 5,000 will not be worth the same in 10 months right?! So she will no have 10,000 in 10 months! Maybe 7,500??!!
@divit57
@divit57 8 лет назад
It won't depreciate 50% in 10 months. But probably 8 to 12%. But yeah, I'm not sure why he didn't take that into account.
@conservakid85
@conservakid85 8 лет назад
If she doesn't put a lot of mileage on the $5K vehicle in the 10 months she could likely sell it for very close to $5K. You figure a $5K car is going to be at least 5 years old and at that point the rate of depreciation has slowed down significantly. There are frequently cars on CL that are priced to move quickly selling for a bit below their actual KBB value. Were she to purchase one of these cars and then have the patience to wait for her price it is possible that within a year she could move up to a $10K car.
@vjadhav1988
@vjadhav1988 8 лет назад
Old cars don't depreciate that much unlike a brand new car. Also old cars have a strong market in a down economy because majority of the people don't have the wages they used to have in a strong economy. While it may depreciate some the method is good way to continuously get better and better cars upto point of course.
@JesusisLordgh8j
@JesusisLordgh8j 8 лет назад
correct...thinking the same thing. .it's called depreciation. .
@shawnwaldrop3702
@shawnwaldrop3702 8 лет назад
No. It won't depreciate that quickly. Depending on how good shape its in, you could easily sell it for more than its worth, or more, in a year.
@JesusisLordgh8j
@JesusisLordgh8j 8 лет назад
I totally disagree I would rather buy a cheap brand new toyota corolla for 18,500 put 5,000 for 13,500 your payments maybe 250 a month .. the car has a warranty and reliability is excillent + peace of mind... pay the car off in 3 years or so and now the car will last an additional 12 years if you take care of it...
@markg999
@markg999 7 лет назад
Donald king Why buy new just get a 3 year old one for like 12k saves you like 6k. Toyota is reliable your not going to have 6k in repairs trust me.
@andresfranco4116
@andresfranco4116 7 лет назад
Mark G why would you buy a 3 year 12k old car when you could have gotten a brand new car for only 1,500k more? That makes no sense
@Ismael916
@Ismael916 7 лет назад
Mark G For the peace of mind of not getting into a used car that you don't know how the previous owner treated it.
@jackofalldenton4347
@jackofalldenton4347 6 лет назад
Donald king what happens if you lose your job. Get injured and can't get back to work for 6 mos in between that 3 years. The car and your money is gone.
@jordanreyesivan
@jordanreyesivan 6 лет назад
Maintenance?
@TheeTurtzzz
@TheeTurtzzz 5 лет назад
I’m driving a Subaru Forester 2000 that I bought for $950 2 and half years ago, had to fix a few things when they arose but this car has done me solid
@LLYoutube565
@LLYoutube565 8 лет назад
She doesnt understand
@asdqwe4427
@asdqwe4427 5 лет назад
I think the point she made about the $5000 car is valid. And that is what she got stuck on
@jaypence332
@jaypence332 5 лет назад
My brother but a 1 year old car for way to much money. It kept breaking down and he drove my hooptie for weeks on end while it was in the shop multiple times. He spent $27,000. I spent $750.
@HoangNguyen-jd2mr
@HoangNguyen-jd2mr 7 лет назад
My mom and my sister against me buy a used car, they told me I will repair it a lot. But i believe it still better to buy a used car than buy a new car cost $20,000 dollar i would rather buy a use car $7000 dollar then put $3000 to repair it, use it for 10 years, and the total cost will be $10000 =_=.
@protoluigi2047
@protoluigi2047 6 лет назад
Same with my mom and my sister!!
@chrisdexter2940
@chrisdexter2940 6 лет назад
AOMechMarine AOMechMarine , There is no absolute rule about buying vs leasing. It depends on the deal you are offered! Sure, given your completely-fabricated scenario of paying $14k to drive a $25k car for 3 years, leasing doesn't seem great... but I'll give you the real life examples of the leases my wife and I currently have... My wife's suv has a $42k msrp and pays $381/ mo with zero down. That includes taxes, titles, fees blah blah except a $350 disposition fee if we choose not to lease again (which is unlikely) and comes with 2 years of free oil changes and tire rotations. $381x36 months= $13,716... that is less than your numbers on a 25k car... For me, the msrp is $29,900 and I pay $276/ mo with zero down, so $9,936 over 36 months. Sometimes the leasing deal is better than buying. We calculated for lease and buy for both vehicles and the lease was a better deal. And yes we took into account the equity, dave ramseyites... still cheaper to lease.
@2awesome292
@2awesome292 5 лет назад
@@chrisdexter2940 It's cheaper to lease because you are comparing MSRP...
@LuisHernandez-rk2tp
@LuisHernandez-rk2tp 3 года назад
Get a honda. I bought a 2002 crv 3 years ago. The only problem its given me are the battery and some sensor. I do the oil changes . Thing runs great. I only really need it for work.
@thomaswashington4950
@thomaswashington4950 8 лет назад
Call Dave Ramsey.... Ask for advice on getting into car payments 😂😂😂😂😂😂😂😂
@Originaltuber
@Originaltuber 7 лет назад
Thomas Washington 😂
@LacayoDe
@LacayoDe 5 лет назад
Pena ajena
@Jwalker27
@Jwalker27 5 лет назад
“THAT MONEY IS RAW” lol
@itsjimmyo
@itsjimmyo 4 года назад
thats funny
@gamenightwithjamiibo
@gamenightwithjamiibo 2 года назад
Never bought a new car….. I just paid off all my debt (30k) following Dave’s advice. I feel so free and I’m never going to go into debt again. I have so much extra money now with just basic bills. Honestly I felt hopeless and can’t believe this day has come. Unfortunately, most of the people won’t have the discipline to not purchase a new car.
@debtfreedan1914
@debtfreedan1914 8 лет назад
She's dying to get in debt, you can tell lol!
@tcathunder
@tcathunder 4 года назад
aren't we all lol
@magellanmax
@magellanmax 4 года назад
The American economy is built on debt.
@unfairsanic5089
@unfairsanic5089 2 года назад
@@magellanmax that dosent mean we have to copy it
@tc2241
@tc2241 6 лет назад
I don't always align with him, but you just can't knock sound financial advice. Brought a smile to my face. I'm catching on Mr. Ramsey.
@TheMeganExperience
@TheMeganExperience 9 лет назад
I can't believe she was considering a 500$ a month payment! That's nuts! I am always flabbergasted at how high car payments can be.
@TheMeganExperience
@TheMeganExperience 9 лет назад
Just because you have the income to cover a payment does not mean you should. Especially when you have other debts to consider. My income can cover a 1k dollar car payment but it would absurd to do so. Buy a car under KBB and keep it there. I have a car I bought used under KBB and it's still under KBB two years later. I've put over 50k miles on her and could see her for way more than I paid.
@TheMeganExperience
@TheMeganExperience 9 лет назад
(For some reason I'm not seeing your replies anywhere else other than my inbox. Not sure why.) You have to realize that what Dave is saying is more for people who are completely financial blunderers. I personally don't follow half of what he says but there are a vast number of people who really need to follow someone like him. Individuals such as you (I'm assuming) and myself know enough to live within our means but the majority of the populace does not. I work in finance so I see it every single day. I see people blowing half of their income on car payments while they can barely pay to put food on the table. Take what he says with the grain of salt and remember that some of these people watching and listening him really would benefit from what he's saying. Trust me, I see it every day in my line of work :/
@TheMeganExperience
@TheMeganExperience 9 лет назад
AZDuffman Exactly. It's absolute insanity. I recently had a couple in my office that made a sizeable income of 4k a month AFTER taxes. They managed to make that income incredibly insufficient by blowing 750$ of it on a car payment and 1400 of it on rent for a house. I want to clarify that we live in the same general area and my MORTGAGE payment is only 1100. There is no reason that they, as a family of three, could not live comfortably on 4k a month.
@realazduffman
@realazduffman 9 лет назад
The Megan Experience $750 on a car payment?!?! mind if I ask what and how much negative equity rolled in? We used to approve people for $40K making less than that per year. It was sick.
@TheMeganExperience
@TheMeganExperience 9 лет назад
+AZDuffman a minivan. I kid you not. I don't know what they rolled into it previously. They were coming in to refinance it and we couldn't because there was still over 30k owed on it and it was only worth 17k. They felt completely justified.
@kingfabrah
@kingfabrah 7 лет назад
Best advice, I always tell people the same thing buy don't make cars payments.
@adrydungscraper
@adrydungscraper 10 лет назад
Why is this stuff so hard for people to understand?
@filip14528
@filip14528 6 лет назад
Medic Jay USA
@bmw803
@bmw803 6 лет назад
It's called "Keep up with the Jone's"
@bigdogboos1
@bigdogboos1 5 лет назад
public schools
@jimmyjames5006
@jimmyjames5006 3 года назад
Women
@sarahmc8309
@sarahmc8309 3 года назад
Cause like to keep up the Jones and that new feeling of a new car lol wears away fast then still have pay for it lol
@lamaquinadefuego
@lamaquinadefuego 5 лет назад
A few years back I bought a 1999 Maxima for $900 with close to 180k miles, I spent $250 on an oil change and a good set of used tires, then drove it right away from NC to California and all around California for a week, about a 6k trip with no issues.... Still drove it for 3-4 years before having to junk it... Loved that car... Did the same thing with a similar 1993 Maxima before it that I bought for $3k and had for about 5yrs... Love how those drive
@benanderson4639
@benanderson4639 4 года назад
A $5000 car is honestly the pinnacle of what I can ask for. People are so spoiled with cars
@thabitpulak
@thabitpulak 2 года назад
2022 used car prices checking in - it’s a dumpster fire out here 🔥🔥😅
@JReef
@JReef 2 года назад
@@thabitpulak I know. 60K plus for a brand new pickup truck! Thats insane! I'm happy with my two 90's hoopties and Silverado.
@dunieskyhernandez1098
@dunieskyhernandez1098 4 года назад
Dave I have a deep respect for you and even more the work you do helping people through their financial struggle, I have been in the cars industry for 6 years and after and accident a had, I havent been able to make ends meet, so my financial situation needs tunning, ( you are the best ) that is why I watch your shows and love FPU, but I have seen details on the videos that make me wonder... on the minute 3:45, you stated that she could trade in the same car she would has bought 10 months ago, for the same value she bought it, that is not possible for normal people like us, she would be lucky if she gets 2500 trade in value , and then she could add the other 5000 and get a 7000 dollar car since she would have to pay for fees, transfer, and taxes. I am not giving you any discredit but when we are in a hole like we are, every detail is important, plus you don't need to let those mistakes go since you are sending then to the real world, they will notice anyways
@davidb8777
@davidb8777 8 лет назад
I personally think that as long as you can afford to buy a brand new car for cash and then keep it for a long time, like until the cost of a repair comes close to or exceeds the value of the car, it's fine. Works for me. Of course, make sure you are performing routine maintenance per your car manual. Of course, that wasn't the case for this caller. I know that every financial "guru" recommends buying used to avoid that big initial depreciation hit, but when you purchase a used car you are taking a chance. A car can become damaged to the point of no return in just a year or two for quite a number of reasons. Even getting a pre-purchase inspection is no guarantee. They will never tear down the car to the point where all defects can be found.
@lien-chinwei4815
@lien-chinwei4815 Год назад
I agree with it. Though depreciation is always the focus of Dave's argument, safety and reliability might be the trade-off for buying a used car. I already saved and am going to pay cash for a nice Lexus and keep it, however long it lasts, assuming at least a safety and reliable vehicle drives me for many years to come.
@fatshinobi
@fatshinobi 6 лет назад
That car buying strategy is amazing. I never even thought about it but its so simple. The car you just bought wouldn't lose that much value over a year. Essentially every year you can get a better and better car. When finally you could get your dream car and totally have it paid off.
@ivansoria2242
@ivansoria2242 5 лет назад
05-08 Acura TL solid car for that price you can find one an excellent condition.
@CarsWithFrank
@CarsWithFrank 6 лет назад
Ive owned 11 used cars and my biggest expense was registering my vehicle at the DMV. Having car knowledge is invaluable.
@Warrior_Resisting_Colonialism
@Warrior_Resisting_Colonialism 9 лет назад
5k is far too much to spend on a car you plan on owning for less than a year.that's silly.a 5k car should be pretty nice and last 4-5 years with normal maintenance.cars are not built like junk 80's cars anymore lol. i think people feel the need to spend so much to get something "reliable" is simply because the price of new is so far out there.don't try and compare the price of new cars to the level of used ones on a scale of reliability to price.remember cars drop in value.......FAST! just like mobile homes. price falls off way before reliability does. side note; someone should ask Dave when the last time he bought a 5k car was.let alone sold it for the purchase price about a year latter with approx the avg of 10k more miles on it lol.remember guys,he doesn't live in the same world most of us do.
@MrMike95624
@MrMike95624 6 лет назад
Q*bert the point is to flip it.
@wmurray003
@wmurray003 6 лет назад
"Let me try this again..." -Dave
@user-ck5hp1cy8o
@user-ck5hp1cy8o 6 лет назад
I️ think Dave knows more than you
@TheVCudi
@TheVCudi 5 лет назад
Bro older cars are made better than the cars nowadays. I have a ‘90 ford ranger and never had any problems with it
@chuyonthego
@chuyonthego 7 лет назад
I was thinking of getting a new caw since my daily looks like a P.o.s. But I got that car for 500 bucks and it's running great for the last 2 years.
@jaysteven8135
@jaysteven8135 6 лет назад
A registered nurse average around 75k a year soo I think she was trying to say her husband doesn’t work then
@jamesvalenti9288
@jamesvalenti9288 8 лет назад
It never makes sense to buy a brand new car....they lose so much value as soon as you drive it off the lot. Its the worst investment you could possibly make.
@BuffyunaTV
@BuffyunaTV 8 лет назад
Cars aren't supposed to be investments, they are supposed to be modes of transportation. Do you expect to get a return on a city bus pass?
@jamesvalenti9288
@jamesvalenti9288 8 лет назад
ThickStick No but nothing devalues faster than a brand new car...the second you take that car off the lot, its worth thousands less. Whereas if you buy a car for a couple thousand, you only lose a few hundred.
@keyroncampbell
@keyroncampbell 8 лет назад
yep
@keyroncampbell
@keyroncampbell 8 лет назад
steve b only if you have the cash to buy a new car.
@keyroncampbell
@keyroncampbell 8 лет назад
steve b​​ explain to me why a bank won't give someone a 10k personal loan to buy a used car but will give them a 30k car loan they can't afford on a new one.... then on top of that, take bail out money from the government... banks and automaker's.... America is built off everybody being in debt, greed, material goods and services to distract us and keep us in debt.... and the biggest one, keep us in competition for jobs that on average don't pay enough.
@fallguy4209
@fallguy4209 7 лет назад
She just became a nurse. She better make at least 65,000 a year by herself. I've never met or worked with a nurse that made less than 70,000 a year
@marypoole1577
@marypoole1577 5 лет назад
That's what I said... 67000 between to people
@Donzaloon
@Donzaloon 5 лет назад
@@marypoole1577 so is your husband not working? You make 67k as a nurse and he makes zero?
@stricklandfamily928
@stricklandfamily928 5 лет назад
45-50k in Fl...
@JohnBowl14690
@JohnBowl14690 4 года назад
Depends on what state you're an RN in. In some states, RN with overtime pays over $180K. But other states, a nurse can make about $60K when starting with no overtime.
@bossupathomewithtequila
@bossupathomewithtequila 6 месяцев назад
She JUST graduated. Give her a chance to find a job ppl lol
@MrBimirud
@MrBimirud 7 месяцев назад
I learned so much from Dave Ramsey as a 40-something adult. My dad taught me all the same stuff when I was a child but I didn't listen. Better late than never I guess.
@DrogoBaggins987
@DrogoBaggins987 8 лет назад
Guessing that she didn't get what he said and has a car payment and will always have a car payment. It's frightening to think of this girl being responsible for keeping peoples medications straight.
@Freerydah73
@Freerydah73 7 лет назад
Drogo Baggins Did she say RN? Coz nursing school can be nursing aide or nursing assistant. Assistants don't pass meds.
@keke8880
@keke8880 7 лет назад
Just because she didn't correctly understand a financial concept the first time she heard it during a call-in show, in a field that is not her specialty, does not mean she isn't educated or smart or enough to distribute medication and take care of patients. Jeez.
@ulnvrbwhtur
@ulnvrbwhtur 7 лет назад
There are people who are not good at finances, but it doesn't mean they are not intelligent and cannot do their job. I am a professor, but I was not raised by parents who cared much about money. Just like the caller, I am struggling in terms of handling my finances.
@747-pilot
@747-pilot 6 лет назад
Drogo Baggins, you are so right!!!! 😂 I would be terrified beyond my wits, to go to the medical facility that this woman works at!!
@747-pilot
@747-pilot 6 лет назад
ulnvrbwhtur, we're talking about an EXTREMELY, and I mean EXTREMELY, basic understanding of 3rd grade high school math!! We're not asking her to solve problems involving differential equations, linear algebra, complex analysis and tensor calculus!! * rollseyes * Frankly, I don't even understand how she passed nursing school! Really boggles the mind, beyond belief!! Shows you the horrifying state of the education system in this country!!
@michael028
@michael028 2 дня назад
This example shows the stupidity in driving old beater cars. Ends up costing money, time, frustration. Better to have a decent car with small payment.
@bryced32
@bryced32 10 лет назад
Wow... Not too sure she understood that one. I bet she'll just put $10k down on a new $30k in ten months.
@Friscom99
@Friscom99 10 лет назад
Haha I think so too. Car payments are never a way to go!
@willowandluka5302
@willowandluka5302 6 лет назад
Been driving my $2300 car for almost 5 years, now I’m being offered $2500 for it. I’ve spent maybe around $1000 doing routine maintenance and getting a couple fixes on it. It runs great, reliable, almost 30 mpg. It’s a 1997 Toyota Camry. I highly recommend that car to people who need a cheap reliable car.
@ny1fanta
@ny1fanta 8 лет назад
Then why not just buy a $10,000 car and put down $5000, so it would be pretty much the same except you have to pay little interest on $5000, but you driving a $10k car (better&safer&reliable) for 10 month. The interest you pay on the 10k car it's probably less than the depreciation of the 5k car over the 10 month period.
@ather1276
@ather1276 7 лет назад
Zee Wil he's just not promoting car payments.. you don't need to go for car payments in any case.
@CalvinHikes
@CalvinHikes 6 лет назад
People who are good with money can go into a little bit of debt for vehicles. But most people are just terrible with money. Daves plan is always for people with the poverty mentality who are willing to just throw away money in most occasions. As you can see from his phone calls most people are just awful with money.
@isaiahbaker3597
@isaiahbaker3597 5 лет назад
I see your point but you're not factoring in the depreciation of the $10,000 car, and David Ramsey's suggestion of • Never paying interest when you can avoid it • Never spending more than you have • Keeping your worth above zero and building your wealth up from there • Not getting shackled into contracts Has plenty of extra benefits, for example emergencies. If you lose your job or the car gets totalled, you just downsize to a car you can afford and start saving up again
@GLopezjr50
@GLopezjr50 5 лет назад
On Feb 2018 I bought a clean 2004 BMW 325i with 145K mi for $800 and spent $300 for repairs. Today the car has 160K mi and is trouble free. I’m currently planning to upgrade into a 2008-2010. Thank you Dave!!
@honestycounts9352
@honestycounts9352 7 лет назад
My advice for a reliable yet low cost car = buy a used Toyota Corolla. My preference = 2006 to 2008 Corollas with automatic transmission and less than 100,000 miles on the odometer. Before that they had problems, and after that the quality went downhill significantly. Many of these cars were used as daily drivers for people commuting to work and they have literally been worn down to nothing, so don't bother with anything over 150,000 miles on it. In 2010 I bought a 2006 Corolla with 68,000 miles on it for $6,200 and I'm still driving it today (6 years later) and it now has 220,000 miles on it and almost nothing has gone wrong with it during that time ( the battery had to be replaced twice, and the stabilizer links needed replacing when they started to 'clunk', that's it, only regular wear-and-tear items needed replacing other than that.) HOWEVER; OLD CARS like these usually do not have the safety features like Anti-lock Brakes, so you will be putting your safety at risk by driving them. And used Corollas in 'GOOD CONDITION' (not beat up) are getting expensive, almost $10,000 for a good used model. For that money you can go and buy yourself a BRAND NEW Toyota Corolla or Yaris iA for $16,000 and you know that it was not abused by the previous owner because its brand new. So today if I needed a new car I'd get a NEW Toyota sedan with an automatic transmission and enjoy driving that for the next 12 years.
@ericakrueger8438
@ericakrueger8438 5 лет назад
I bought my 06 Corolla avout 3 years ago. It had about 70K miles at the time and in the fist year I owned it the exhaust system had to be replaced. It was used so infrequently that the gas in the exhaust didn't have a chance to evaporate and rusted out the system. If a car has less than 10k miles per year on average then it's worth checking to see if the seller had it done or have a mechanic check for problem areas.
@npxmnpxm
@npxmnpxm 5 лет назад
Of the many things I've learned from the Dave Ramsey Show, "don't buy a Ford Fusion" is definitely in the top 10.
@xFD2x
@xFD2x 6 лет назад
Question: When you can drive a car for 10 month, and it's technically sound, why would you sell it ?
@jlovesj3335
@jlovesj3335 2 года назад
good question
@nomadjeff1922
@nomadjeff1922 3 года назад
I bought a used 2009 Hyundai Accent in 2012 with 20,000 miles, still under warranty and spent $7500 dollars. It's a great car and going strong. My Tundra gets to rest and not stop at gas stations.
@wcurtin1962
@wcurtin1962 6 лет назад
Something I always wanted to ask Dave. In Aug 1994 I bought a new Ford Ranger. With the financing and added accessories I spent just over $13,000. I paid the load off in 3.5 years. Since I have spent $10,000 in maintenance. I'm still driving it today with no plans of selling anytime soon. Was buying new still a mistake?
@jayislander
@jayislander Год назад
You've had it for 29 years
@mikelandreth8773
@mikelandreth8773 7 лет назад
Because of Dave and me being Totally out of Debt for a few years now. I'm buying a 2017 Toyota Tacoma 4x2 4 door 4 Cyl . I have a 98 Tacoma with 251000 + miles still going strong. Which I will keep till it is unsafe or unfixable. I plan to do the same with the 17. We looked at Used but the Tacoma has such a big resale value , and most are 4x4's w/V6. It makes more sense for us to buy new . Yes we are paying Cash. Thanks Dave !
@SupraWes
@SupraWes 10 лет назад
She doesn't get it. You can buy a pretty good car for 5k
@inkey2
@inkey2 10 лет назад
The "Cash For Clunkers" program that President Obama put through took millions of good, older used cars off the market. When they were traded in they had to be destroyed by law. It drove the prices of used cars way up. I used to be able to buy a great used car for 5 grand. Now the same thing cost me 10 grand
@001looker
@001looker 9 лет назад
Rob O'Connell So you basically purchased junk. Enjoy it. I rather lease a car for 3 years and drive a new bmw which is the ultimate driving machine.
@001looker
@001looker 9 лет назад
Rob O'Connell Enjoy driving your old car while i am driving the ultimate driving machine.
@Warrior_Resisting_Colonialism
@Warrior_Resisting_Colonialism 9 лет назад
Michael Lawn you enjoy that,while i live debt and worry free.:)
@danielb3863
@danielb3863 9 лет назад
Michael Lawn Enjoy renting your lifestyle.
@22Judoka
@22Judoka 7 лет назад
I have a very good mechanic friend! I asked them if I should buy a car with over a hundred thousand miles and it would come out rather cheap. He told me that in the long run it would may come out real expensive because you never know what the owner did with it. I have the money and a good job, I bought a new used car under a hundred thousand miles with a warranty and gap insurance. He told me this was the best thing I could have done.
@tadeuferreira5705
@tadeuferreira5705 6 лет назад
I wish I knew about this guy before, I am beginning to regret my new car.
@bluemystic7501
@bluemystic7501 7 лет назад
I bought a *new* Subaru back in 2004. Still running strong with no issues at 130K!
@itsstillfriday
@itsstillfriday 8 лет назад
I think towards the end, the caller was still in the mind-frame of buying a NEW car .. and hadn't taken in all that Dave was intending..
@josephcollesano1205
@josephcollesano1205 3 года назад
No, she was. He just was confusing saying "I don't care if you buy a 15k car."
@loves2litigate
@loves2litigate 7 лет назад
I purchased a new ford back in 05' and drove the vehicle into the ground for 12 years. I paid it off and did not have a single vehicle payment for 7 years. I can proudly say, that I made the proper decision in purchasing another new vehicle with the thought that my new vehicle will last me this long as well. I understand where Ramsey comes from when it comes to purchasing new vehicles and the monthly payments but sometimes these things are a necessity in getting us from point A to point B.
@palebeachbum
@palebeachbum 7 лет назад
He's setting her up for another headache. Not a fan of this advice. I owned many used cars over 12yrs. Finally I gave in and bought a new car because I was so sick of the headaches and inconveniences and costs associated with owning cheap used cars. So i bought an inexpensive new car with a 10y/100k mile warranty, paid it off in 2.5yrs, and now i have a gently used, relatively low mileage car still covered under warranty. No payments. No repair costs. You can't beat that. The depreciation is irrelevant because I'll keep it until the wheels fall off.
@randomvideosn0where
@randomvideosn0where 6 лет назад
You said you were sick of the headaches but then saying you will drive this till the wheels fall off? Eventually this one will have headaches and you will be buying a new one again. If you get a truly cheap car like an Elantra or Yaris you can replace parts before they break and become a headache and still come out far ahead.
@heyitsablackguy9553
@heyitsablackguy9553 6 лет назад
lol ^ exactly.
@dchawk81
@dchawk81 6 лет назад
GoogleMinus Difference here is he'll have the warranty for the first 10y/100k and won't have to dig into his wallet for every little thing. He'll know the history of what has and hasn't been fixed, where the car has been all its life, who has owned it, what kind of owner that was, etc. It's hard to appreciate those things until you have a good job that you like and want to keep and experience new car ownership for yourself. I drove beaters all my life growing up and into most of my adulthood. At 35 I was finally able to afford a new car payment. Sometimes, I have regrets over the payment itself, but they go away when I turn the key and start to roll. I still have some of the old beaters as work commuters. They used to be all I had. They have their merits (otherwise I'd ditch them) but they aren't the same experience at all. Not even close. When you're set up to where you can let the car payment automatically withdrawl, don't think about it and don't miss the money, it's worth it. Especially when you're on low/no interest.
@gregorytrane7828
@gregorytrane7828 6 лет назад
palebeachbum This is the best advice I've heard on the comment section of this channel Buy a new, cheaper reliable car with a proven track record for reliability and pay it off in several years. Keeping it after it's paid is like money in the bank.
@ceecee8757
@ceecee8757 6 лет назад
palebeachbum Did you get a Hyundai?
@MA-qz1sd
@MA-qz1sd 4 года назад
She just graduated so she must be 22-23 years old I understand the excitement she feels but the wise thing to do is to buy a used car and pay in cash vs making payments on a new car
@indman101
@indman101 8 лет назад
Nothing wrong with buying a new car if your going to drive it till it's not worth fixing I always worked on my own cars replacing engines transmission and so on but now that i'm older I would rather not keep doing that so I did buy a new car back in 2014 it's a Honda Civic which should last me the rest of my life now days the interest to buy a new car has such a low interest rate or sometimes zero interest so the banks don't make that much money as they use to it's and it's about paid off since I been paying extra on it.
@indman101
@indman101 8 лет назад
Killer2600 I drove used cars my whole life replacing engines,transmissions or what ever went wrong now that my house is paid off with low interest rates and some times zero I went for it and now only owe around 7000 and it only has 8000 or less miles on it so it should last a long time I'm not losing because it's not going to be sold beside my time has value as well more then Dollars any day.
@VintageCars999
@VintageCars999 8 лет назад
To me, any car that doesn't have any payments and everything isn't falling apart is a car that is worth keeping. Long as you are keeping up with the repair work and even more worth it if you work on your own car. It's pretty hard once you get into the more serious repairs but long as the car is in good shape it's worth keeping. Resale value doesn't mean anything if the car works! I'll drive mine until i can't find parts for it! :)
@erodz2943
@erodz2943 7 лет назад
Danny Smith I had mine for 16yrs.... once it was unfixable. Get my another new car.
@2awesome292
@2awesome292 7 лет назад
Banks still make a lot of money on 0% interest car loans, they get all the interest up front...
@raftika1
@raftika1 5 лет назад
Bought used 2011 Camry in 2016 in December put 2k down and am paying $248.92 a month for 48 months and have not missed a payment yet. Building credit and financed the car myself with no co-signer at age 19
@pthemuthafucka5038
@pthemuthafucka5038 5 лет назад
You can drive s brand new one with that price
@nene90047R1
@nene90047R1 5 лет назад
I have 80k government job no married no kids/child support my life is where I wanted to be (stress/problems free) I want a 2018 Cadillac Escalade
@meowdalachow7932
@meowdalachow7932 5 лет назад
Rudy casso Tahoe
@Mike1122.
@Mike1122. 5 лет назад
Buy a home first. Nothing more embarrassing then to have a high end SUV and living in an apartment.
@nene90047R1
@nene90047R1 5 лет назад
Mike909ism well said mate I feel the same way I like to entertain the idea of having nice suv but is idiotic to have 70k vehicle and living in apartment
@nene90047R1
@nene90047R1 5 лет назад
Greg B I have a 2010 Chevy avalanche drives like new. 👍🏽gmc
@GUITARTIME2024
@GUITARTIME2024 5 лет назад
Noooooo
@chrisreed26
@chrisreed26 5 лет назад
Here in our Tampa,Fl market for $5K you can get: a 2012 Chevy Traverse $4999, a 2012 Chrysler Town and Country 140K miles $4999 etc..there are reliable great cars for under $5K..Thanks to Dave Ramsey I will NEVER have a car payment again!!
@johnpuccetti9383
@johnpuccetti9383 8 лет назад
It is always wise to buy a new car cash and sell your own old car cash.
@BuffyunaTV
@BuffyunaTV 8 лет назад
Not if you have a low apr.
@charliekiger
@charliekiger 7 лет назад
Even if you have a low APR. Not a wise decision.
@auxmike
@auxmike 7 лет назад
My car died, I didn’t have $15000 sitting under my mattress. I got a loan so I had a way to get to work! Elitist...
@zewkee4861
@zewkee4861 7 лет назад
you dont need $15k for a car to get to work are u serious.. maybe your ego's maintenance costs that much but thats a different story
@WCGwkf
@WCGwkf 6 лет назад
It's never wise to buy a brand new car period.
@johnhudson3095
@johnhudson3095 6 лет назад
Dave gives great advice. i took and saved my car payment after i paid last one off. had a nice little chunk saved. really should have kept the Old car and kept saving for my newer vehicle that i purchased. good advice. most people that call in are terrible with money.
@glittersilver7779
@glittersilver7779 8 лет назад
if she is an RN , she making good $$$$. HEALTHCARE is a great field.. all she needs to do is work a second job (which she can easily find) I have RN friends that work overtime and second jobs, make 6 figures easy. She is NOT IN ANY bind especially with no student loans that the rest of us have. NEXT
@brandonwilson2624
@brandonwilson2624 7 лет назад
Could be an lvn and they don't make much
@rlkramlal
@rlkramlal 5 лет назад
Bought a 2001 Kia Sephia back in 2008 for $3K. Test drive was ok, didn’t have a mechanic check it out as money was tight so I took a gamble. Drove it off the lot and it started bucking like a bronco couple miles down the road. Dealer wouldn’t do anything because the car was sold ‘as is’. Mechanic charged another $600 for a tune up, changed all the spark plugs, cleaned the injectors etc. Never had another issue except changing the starter in 2010 ($600 parts and labor - rebuilt starter from NAPA). Well worth it. Car served me well for 11 years with no issues. Never broke down (except for the two issues in the beginning noted above). So Ramsey is right, you can buy a car at a reasonable price and get a lot of mileage out of it. Just sold that faithful Kia in Jan 2019. Was sorry to see it go, but needed the room in the garage.
@outdoorsnevada4138
@outdoorsnevada4138 8 лет назад
all vehicles my family have bought have always been used. we on average get 8-10 years out of them and save thousands of dollars by doing so. we run them until they are no longer reliable or it costs more to keep them running then it would be to just go out and buy another used one in much better condition. I will never buy an overpriced new vehicle ever. I have had friends drop $40,000 plus on a new car and I could buy 3 vehicles for that price.
@outdoorsnevada4138
@outdoorsnevada4138 8 лет назад
That is true but also looking into simple things like car ins as well, newer cars cost a lot more in car insurance.
@babblesp1367
@babblesp1367 7 лет назад
Isaac Spencer that's not necessarily true, unless you just carry liability. New cars have much newer safety standards and are considered safer, so insurance really isn't all that bad, but if you have a bad driving record your rates will be higher.
@outdoorsnevada4138
@outdoorsnevada4138 7 лет назад
Babbles P Never have had a ticket or at fault accident. My driving record is perfect. Newer cars are more pricey though. I always call my insurance asking for quotes as I consider different cars or trucks to purchase.
@babblesp1367
@babblesp1367 7 лет назад
Isaac Spencer Yeah, it's always good to do that. After all, it depends on the car you buy also. Insurance on a Corvette is much higher than it would be for a Camry. Many factors to consider when buying a car.
@brianwinters5434
@brianwinters5434 4 года назад
In New Jersey you have to pay sales tax on a private purchase. You pay it to the DMV. You also have to pay for 3 years registration and plates for about 300 dollars. You do this every time you purchase a used car.
@mdzaid5925
@mdzaid5925 4 года назад
Doesn't makes much sense to me: Buy a 5k car and sell it after 10 months for 5k, how is that even possible?
@LynnsYouTube
@LynnsYouTube 3 года назад
Being a single woman and traveling a lot I buy brand new for safety reasons. So there are other factors involved than just finances, but I buy the smallest basic sedan. I just want it to run really well.
@Penguin-kr9do
@Penguin-kr9do 3 года назад
I'm confused, why does being a single woman and traveling mean you need a brand new car? A 1-2 year old car gets you pretty much everything a brand new one does but for a significant discount.
@erodz2943
@erodz2943 7 лет назад
Personally she should buy a new car. I bought my first brand new car. Had it for 16 years, before it gave out on on 2012. Went and bought a new car. I will keep it as long as I can.
@ivanb1748
@ivanb1748 7 лет назад
E Rodriguez you convert 10k in 500$ wow congrats
@victorp6679
@victorp6679 5 лет назад
I am worth more than $1.5 Million. I love cars. I have 4 cars between me and my wife. I have never bought brand new cars in my life. I always buy under 25k mile about 2 or 3 year old car at great discounts with all cash. 2 honda and 2 toyota.
@workingshlub8861
@workingshlub8861 8 лет назад
5k can buy you a decent car if you do your research and have someone qualified check things out.
@SherooDeen
@SherooDeen 6 лет назад
Reading through the comments SMH... People, this is business 101 "Investment" and "Car" should not belong in the same sentence if you can't write off depreciation expenses for business uses or the car makes you money.
@BlueBoyJocks
@BlueBoyJocks 10 лет назад
Haha I guess that's too much math for her to take and I see Dave didn't have patient to her. But how come you can sell or trade in a 5K car 10 months later worth the same 5K, the car should have depreciation and will be worth less than 5K.
@SupraWes
@SupraWes 10 лет назад
You could potentially make money on the car if you bought the right car from the right person. Find someone who's desperate to sell.
@BlackGT1999
@BlackGT1999 7 лет назад
SupraWes so take advantage of a person who's down on their luck? Good strategy
@gregdubya1993
@gregdubya1993 5 лет назад
1999 Ford Explorer. Purchased for $2800 in 2016. Bought it from an elderly lady who parked it in her climate controlled garage from Nov-March every year while she flew to Florida. Runs like brand new. I keep the oil changed and fix anything that pops up as soon as it happens. Luckily I am able bodied to do most of my own work, unless I need a lift or need welding work done.
@peachezprogramming
@peachezprogramming 5 лет назад
Dave should start sending people calculators as a gag. Can't do basic math? "hold on my assistant is mailing you a calculator"
@johnyracercat
@johnyracercat 8 лет назад
Many times I have bought used to save money, only to end up selling at huge depreciation prices later. I have also bought new and had very low depreciation over 3 years. Currently, I have 2 used trucks and I average the price of a car payment in keeping them running. Also, it's very inconvenient to be dropping off and picking up from the mechanic all the time. I've also had mechanics rip me off and keep my vehicles for months at a time. If you can afford a car payment on a reliable vehicle, I see no problem with it. You can probably do better on a used vehicle if your willing to drive a small Asian used car though. Just my experience.
@khoado123
@khoado123 5 лет назад
2 days after this, she went out and financed a Merc...
@kdash3215
@kdash3215 5 лет назад
I bought a car for 650 dollars. Put about 450 into it. Still runs great. Granted I am a mechanic but it can be done for far less than 6K.
@GoldCandy95
@GoldCandy95 8 лет назад
Actually makes sense what he's saying about the ten months method when you do the math.
@drunclecookie216
@drunclecookie216 8 лет назад
except he didn't take into account the depreciation value of the car... depending on how far she has to drive that car may not be worth $5000 in 10 months
@Jamalama123
@Jamalama123 7 лет назад
When you buy a used car for an already low price there is not much depreciation that can occur.
@tr7397
@tr7397 6 лет назад
Jamalama123 Dogs are better than cats
@korn111685
@korn111685 5 лет назад
In 2012 bought a $5500 truck... 6 years later sold said truck for $5700... Certainly not the norm but not impossible either. Some vehicles will deprecate to a point but will hold a certain value until you just slap wear it out. 10 months and a few thousand miles you’re not losing money with a decent popular used vehicle.
@GeneralCliff
@GeneralCliff 8 лет назад
It makes every bit of sense. Would you buy a frumpy 2015 Civic for ONLY 3000 dollars less than the 2016 one? Exactly.
@greatriffishere
@greatriffishere 8 лет назад
+GeneralCliff i've been driving a 7000 dollar car for 16 years.
@greatriffishere
@greatriffishere 8 лет назад
+greatriffishere i bought the car 16 years ago and never had a car payment.
@1978mackdaddy
@1978mackdaddy 8 лет назад
+greatriffishere May I ask what kind of car?
@1978mackdaddy
@1978mackdaddy 8 лет назад
Douglas Moran Not sure if tour comment was directed towards me but I have no car payment. I paid cash for my car and I dealer maintain it.
@1978mackdaddy
@1978mackdaddy 8 лет назад
Douglas Moran I dont know how we went from talking about car maintenence to this??
@Jamalama123
@Jamalama123 7 лет назад
I bought a used toyota for 8k cash (55k miles) and have been using it for past 6 years. I believe that finding a low mileage car is even more important than how old it is when you are buying used cars. He didn't mention it but there are many benefits of owning an older car like - 1. cheaper maintenance 2. you can decide to get liability only insurance. Just the cheap maintenance and liability only car insurance alone can save thousands over years.
@usausa3234
@usausa3234 10 месяцев назад
Be careful only doing liability only insurance. Someone knuckle head hits you without insurance and you end up in the hospital with major medical bills.
@EvelynGB
@EvelynGB 8 лет назад
It would be better for her to fix the car drive it until she pays the loan on it. In the mean time put the $500 away each month until the car completely dies.
@Jaguar7444
@Jaguar7444 8 лет назад
Exactly, because she's taking a hit on paying off the car, THEN she's gotta spend the time to find another $5k car in reasonable condition, THEN she has to hope that car is reliable and do whatever maintenance it needs (usually tires, brakes, battery, etc) THEN she has to try to sell it at almost what she paid for it (probably not going to happen after a year of owning it)... THEN she has to try to find that $10k car and hope it's reliable and what not. I'm sure after whatever major repairs there's not going to be much more wrong. My dealership gives 12 month warranty on repairs. You can go places and get certain things done for cheaper, go to dealership for repairs you don't want to risk getting done poor (unless you know a good mechanic).
@EvelynGB
@EvelynGB 8 лет назад
Douglas Moran LOL! :D
@paulinoaz
@paulinoaz 4 года назад
She got it, she just got confused when he said "10-months later if you want to move into a $15k car I'm ok with that" She thought 10-months from today and not 10-months after she buys her 10k car. I was a little confused when he first said it.
@SaddamHussain-xt1vu
@SaddamHussain-xt1vu 10 лет назад
Ford stands for Fixed Or Repaired Daily In Iraq my native country and most else where in the world. People don't buy American for the same reason. I'm sorry it's the truth.
@Ebizzill
@Ebizzill 5 лет назад
do not feel sorry for saying the truth. I'm american.
@firstlast5630
@firstlast5630 5 лет назад
Ford trucks are some of the most reliable vehicles on the planet...
@mrrees7558
@mrrees7558 7 лет назад
glad I listened to this I just took out a 7 grand ford focus eco boost on finance for five year
@kitsontuli2713
@kitsontuli2713 9 лет назад
I wish this was practical in south Africa. the cheapest cars here go for USD 11k or R 125k
@antdx316
@antdx316 9 лет назад
or she could spend $3000 to get her car fixed which saves her $2000 more over $5000 initially recommended by Dave Ramsey than getting rid of the car and spending $5000 then have $7000 for down payment.. I think I'm smarter than Dave Ramsey..
@Paulinavasquez1030
@Paulinavasquez1030 8 лет назад
+Anthony Abelardo the point is to NEVER have a down payment for anything . NEVER make payments to a bank . Idk if u were being sarcastic but if you weren't well then I sir are a fool .
@antdx316
@antdx316 8 лет назад
Paulina Vasquez I mean.. unless you started out with massive amounts of money and never need credit/cash advances for anything it's wiser to work with the bank or else nothing important would get done unless you are doing things that involve no money like a priest or something. Things and technology require some sort of cash. I learned many things I would have never learned if it wasn't for things. But, your perspective works for you then it's great but I feel is people like me actually give things information that you need when you need it when you have no idea what to decide.
@antdx316
@antdx316 8 лет назад
Bilal Ahmed yea
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