After learning about the Dave Ramsey plan, I bought a car cash and at first it HURT to write that check. Having the money in the bank really did make me feel good. Now that half a year has passed I can say it feels even better not to have car payments and I was so determined to “make up” for they money I had spent, that I got gazelle intense on replenishing that money back into my savings. It took a lot less time to build it back up.
@@johndone8045 your funny. I always thought leverage was worth it. When the tide goes out you can see who was skinny dipping. Paid for rental property for instance rn is a heck of lot better than debt ridden properties. Much easier to carry. Risk is never factored in with leverage. Now car loans haha those are a badge of the middle class.
Words no caller has ever heard from Dave Ramsey before: "Buy the car" Congratulations, you have won the Dave Ramsey challenge. Bonus points because it's a freaking LEXUS.
It can seem like women talk a lot when you believe women should not be able to speak. As they talk, all you're thinking about is what an idiot you think she is and how nothing she says matters. It seems to go on and on because you don't respect her and resent that she exists. This is a *talk* show for financial problems, and she described what her situation was.
She just used her 50,000 words for the day in one short phonecall. Bless her heart. Pray for her husband. Donations of earbuds are much appreciated. 😂😂
Moving soon to the US for a work assignment for a few years from Germany, I'm in my 20s and this channel is incredible to learn from the mistakes others have made! (and to stop dreaming of 50k cars)
You had me until you said to stop dreaming. Sure, dreams by themselves will get you nothing. But, in America, dreams accompanied with work (and following Dave's Baby Steps) will put that $50k (cash only) dream car in your driveway. 👍
as a 22 y/o in college I enjoy the vehicle conversations. I have a cheap car and my parents are trying their best to get me to buy a car. I just want something to get me up and down the road rn lol
Stay strong. My husband's family convinced him to buy a brand new 27,000 dollar truck before we met. He was only 19 and they convinced him he had to do that to build his credit. We're now 25 and still paying for it... Family doesn't always know what's best for you. This is how the debt cycle continues. You can break the cycle! You got this!
@@morgandawn6413 yep you're 100% correct. They know im a different breed when it comes to financials. My mom and dad once told me to take my savings that i have in the stock market out to buy a side by side so we could go riding on the weekends.. I refuse to be broke if I have any chance whatsoever.
I’m 24, and I just purchased a 2020 Jetta with 10 miles on it. It gets around 36 MPG, and my payments are only 190 a month. If you’re looking for a new car, please look at Volkswagen.
I'm still trying to wrap my head around how anyone at this income level could have any money problems at all. I buy new cars for less than $25k with cash and keep them for over a decade as it's the least expensive and trouble free way to drive. I bought our first new car in 2006 when the lowest price I could negotiate for a 3 year old model with 50k miles was $15k and a brand new one (new model design too) was $18.5k after a rebate. Pretty much a no-brainer and lower priced, base models have less depreciation. Prior to that we always bought used, what we could afford with cash, usually buying a "new" car every 2 to 3 years and taking about 6 months to find a good deal. I love not having to shop for a replacement vehicle every few years and no other repairs other than tires/brakes/oil changes for a decade.
Even at 175k, once you put money away for retirement and other savings, there’s little left. Taxes eat up most of it. 200k/ year now is the 100k/ year of old! Crazy!
@@prakash.srn.17 Lol, the issue is the same no matter what your income level, you're over-spending. Are you maxing out all of your retirement accounts and amassing other savings? If so then you don't really have "little left" as you've done the smart thing already and helped lower your taxes to boot. You're still over-taxed at that income level and it always astonishes me that people in your position don't switch to part time in order to enjoy their lives more or to pursue tax advantaged income like investing in real estate. If the government is taking half your income, why not work half as much and keep it all or at least most?
@@tomj528 it’s looking at balance sheet v. Income statement I guess, which is why I constantly feel like I made nothing in a month. My checking account has the same balance as I did when I was a student but to your point it’s not like I have nothing. I don’t give myself much disposable income. Real estate has risks and headaches I don’t want to deal with nor pay someone to - might change in the future. I don’t have wife and kids so I work mostly and play a few games to keep out of trouble. I just enjoy dogs and will start a rescue. Nothing like picking up after my dog to keep things humble
@ Why on earth would you every buy anything so expensive when there are so many options for half of that or even less? I've got a 9 year old Subaru Forester that is still perfect and gets pretty good gas mileage with all wheel drive. I may buy a new one in a few more years, right now they're just $30,000. I've looked it the larger Ascent but it's makes it's higher HP rating with a turbo charger which is no bueno if you know anything about cars. I've also got a 2006 GMC K1500 Sierra that I'm thinking about trading up to a 2019 Ford F150 since it wouldn't cost that much, maybe $15,000 after selling mine. Then again I'm also thinking about picking up a used Ford Transit AWD medium roof van to turn into a lightweight and flexible camper van to take the place of my truck which would be about $15,000-$20,000 to switch to. Lots of options and we're not really driving that many miles anymore so a little more careful thought to figure out the best solution going forward. I'm leaning towards the camper van while keeping the Forester for another several years and eventually making the van our main driver although I'm going to need a 4wd truck for another few years because I don't think the AWD Transit can shove my parent's 1994 Ranger fiberglass boat up their cabin's 30° grade driveway in reverse to park it in the garage...yeah, it's just as fun as it sounds, lol.
People have an easier time financing $50k over 5 years plus interest. Than dropping $25k straight out the gate and being done with it. So weird when you think about it.
I remember hearing Dave say "Pay it off, and if you don't like it you can borrow the money to put back in the savings." When you flip the way you think about the money, you start to wonder how being in debt ever made sense in the first place.
I work for a car dealership, it amazes me how much value they loose through depreciation and the people that come in to buy them and finance them between 60-84 months , paying $560 a month on average.
If buying new, I'd finance as long as possible at 0% for something reliable that holds resale value well. A Toyota Taco 4WD crewcab for under $40K new could still be worth over $20K 7yrs later. 2012 Wrangler JKUs that were under $35K new can still fetch well over $20K, and they aren't generally as reliable. I generally buy used Japanese economy cars though. Fuel, insurance, registration, and parking costs can be much lower, which improves the economical aspect even more.
My aunt owns a high end car dealership. I used to work there during college (commission only) my aunt and her husband let my drive crazy expensive cars everyday. Now as an adult I don’t have the urge to buy new expensive cars. I’ve been driving my car for 5 years and not buying anything fancy. I felt like people buy new cars because they this urge.
@@RKmndo Lol another example of a common fool. First of all 0% financing is a sham. They include an interest rate of their choosing in your monthly payment, otherwise they'd be losing money on the deal. Secondly, financing "for as long as possible" would actually cause you to pay the dealer more in hidden interest fees. 0% is the new marketing tool pal don't let them draw you in so easily😔
@@meatball4409 I sold cars for a living. If you pay more for 0% financing, it was because the 0% financing was in lieu of rebates or similar...or you didn't work your deal correctly. NEVER discuss method of payment before settling on price. Sometimes the 0% is actually a better deal than the rebate. Crunch the numbers if it's either:or. It also matters if you're planning to pay the loan off early. If you know how to invest well, and the reliable vehicle holds resale well, you're generally still better off financing with a low rate for as long as possible. Have the price of the car invested by time of purchase. Put enough down to not need GAP.
@@RKmndo That is exactly what I expected from someone who used to sell cars. What you're really doing is making continuous payments on a product that you consume, which at the end of the day will be worth 60-70% less than what you paid for it within 4 years. Let's assume an example vehicle costs $30,000 and you get into it for $400/mo. That's roughly 6.3 years worth of payments on something that will have gone from being worth $30,000 to $9,000 while you still have a little over 2 years worth of payments to make. Using money to turn $30,000 into $9,000 is not exactly a good investment strategy. Had you invested that $400/mo at say 8% during that same time frame you'd have about $39,153 for a return of $30,153 more than the financer whose "asset" is now worth only $9,000. Now, one mistake you've made that many people who make the same argument as you commonly make, is assuming in the scenario that you have the $30,000 sitting in the bank that you can invest. The reason people take on payments is because they do not have it in their bank account. Financing at a low interest rate really is more beneficial for the wealthy, because they have a large sum of investable capital that they can invest at a greater rate of return than the loan interest, so they leverage something called opportunity cost.
It's a Lexus GX. I agree with Dave that she should buy a $25,000 vehicle. But she doesn't need a dang GX to carry 3 kids. It gets 17mpg, AND that's on premium fuel, so accounting for the difference, that's like a standard octane vehicle getting like 13mpg. She could get a $25,000 van, Honda Pilot, Highlander, etc.
On Dave's advice here, I purchased a Toyota Camry with 100k miles. Eventually, when I save up enough money.I will buy a new Toyota. For now the Camry is running ẁell.
@@davidb8777 We did the same for our son two years ago. It’s reliable but we have had to replace shocks, struts, and tires. not sure if this is a Toyota thing or not, but you need to be sure to rotate the tires with every oil change because that didn’t happen and we are replacing tires again! Our GMC, Pontiac, and Chevy cars don’t wear tires like that. This is a 2004 Camry.
It makes scene based off ratios. If people can manage each expense properly then they can buy nice things but if it’s a large part of your income don’t do it.
Just a side note, I think that car is based on the Toyota land cruiser, and is about as reliable as you can make a car. Thus it will have very high resale percentage value. Bad gas mileage though.
Dr. Johnny Sins that’s the risk you take going with a used car for sure but I always go to a trusted used dealer that only sells clean titles. Most cars have carfax so you can see all the history on the vehicles you’re interested in. I know that still doesn’t show how it could’ve been driven by the previous owner but they are usually detailed and cleaned by the dealerships. You can also request to take the car to a mechanic to inspect it before you buy
@Dr. Johnny Sins that's okay if you have the money for it, but it's a lot of money for the luxury of not taking a few days to research how to look over a used to car to evaluate its mechanical health. It's simple, and once you learn it you know it forever.
If you watch Scotty Kilmer he mentions how CPO is a scam because it’s Ford certifying Ford vehicles to charge a higher price and the people WILL pay for it. It’s just an expensive label
@@yocelyncarrillo-luna2553 They can be, yes, but that's why you negotiate. I wanted to buy a mustang but 50k was way too much, saw they had one for 25k but that car was only worth 20k. Was lucky enough that there was the another dealer with the same CPO but cheaper so I told them "well I'll just go get it there" and they gave me a better deal. I agree that a CPO can be more expensive but negotiating is key
Did Dave miss the part where her husband isn't working? Was $175K just her income or both of theirs when he was working? Granted, they have the cash for the car, but I feel like he just kinda glossed over that part.
I mean they can't have every single caller be somebody who is $100,000 in debt. They have to mix it up and include calls from people all over the baby step Spectrum. She might be humble bragging but it's a legitimate difficulty if you have gone through a lengthy baby step 2. You have conditioned yourself not to spend and it can be very hard to suddenly make a large purchase.
Agree. I know some people say that this is a humble-brag and who knows it might be. But it's a legitimate difficulty the people can face after baby step 2. And also it's nice when the show mixes it up and it's not just every single person calling in who has $800,000 in student loan debt and wants to know if they can buy a house. They need to start thinking about the fact that they can probably replace that $25,000 they spent in 3 months.
A 25,000 car is an economy car nowadays. Now that the used car market has gone nuts, you pay pretty close to this unless you get a high mileage car that wont last very long.
I’m blessed to have a 2000 Lexus GS300 one of my lifelong mentors decided to send my way after working in his office for the Summer. Just paying insurance even as a 24 yr old and maintenance is a dream. No payments ever!
I bought a 2008 toyota corolla in 2012 for 12k and ive had it for 8 years 0 issues outside of basic maintenance. I even see other 2008 corollas on the road today. If you are spending thousands on something do the research and look at hundreds of cars to find the one that fits you and that has a proven track record of success. All the reviews i read said 200k+ miles and very little issues. Im at 85k and plan to rid over 200k ill have this car until 2040 unless i get in an accident.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@lennoxmutterick6434 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
Ill never do a car note again. I recently had geico total out my car cause it was in a wreck. I am actually relieved because i no longer have to pay 400 a month plus 210 insurance. I can now breathe and pay off some loans and credit card easily and will buy me a simple cash car for 3-4000.
Depends on what your goals are. If you want to achieve FIRE ( early retirement). IMO only if you make 125k a year does it make sense to spend so much on a depreciating asset.
I don’t care if someone has Warren Buffet money. Spending more than $25k on a vehicle is insanely stupid unless the more expensive vehicle is an absolute necessity for their job
When I got a job with a substantial commute, I bought a 1 year old Prius for that price range. Traded a 30MPG car for a 50MPG car. In 100,000 miles it saved 13,333 gallons of gas at an average price of $3 per gallon or $40,000 in gas. Yes it pays to do the math on your expenses. Drove the car even longer and retired it at 180,000 miles. The other advantage is the low maintenance requirements. Did not need brakes, starters, water pumps, belts, timing belts, etc for the entire time. Some cars are high maintenance cost. Others are low.
@Atty. Johnny Sins Personal Finance Not quite at the moment. Due to the stock market sale, I've move much of it into high dividend stock for growth. Averaging 20% yield, so risking some to take advantage of that. Stock with a PE under 5 is less likely to lose a large amount of value while returning above average returns due to low cost. Trying to keep my average Yield on Cost above 20%. At the current rate, the 40K will be replenished in about 24 months of dividends and keep growing.
@Atty. Johnny Sins Personal Finance I had $120,000, then the market took a dip. Now that is earning another 20% annually. Temporally have $25,000 in cash.
When there is literally an exactly adjacent Toyota model like a highlander. Unless they're buying ~8-10 year old used car where the depreciation catches up, it's not even close.
Good question TBH, when you “suddenly” make more money than to spend this is what happen. Maybe people just don’t understand her position since they don’t have that much money and 0 debt after paying $130k
If you have a lease, the cheapest car you can buy is the car your leased once the lease is up. I leased a 2020 Toyota Corolla for 280 a month with very little to get out the door which is comparable to the 275 a month I paid for the payment on my 2011 Versa that lasted 9 years and 220,000+ miles before it became unreasonably unreliable. In 3 years I can just buy the Corolla for $14,000 which is the cheapest, nicest used car I could buy since I'd be the only owner and take care of my things. TCO for my Versa is over 60,000. So that's about 6,000 per year or 500 per month. That's gas, insurance, maintenance, the payments, etc. Even cheap cars aren't that cheap to own. There's nothing wrong with spending $25,000 on a car. There's something wrong with spending $25,000 you can't afford on a car just because you want to impress people or think you're "entitled" to it. You can always get a cheaper car. It just depends on how much you want to deal with it rather than just get reliably from A to B. The kiddo is 13 so she gets the Corolla as her first car. And then I sort out what I want to do from there.
The more Damage a Car/Truck takes, the Less the Drive receives. If you go back around 45 years -- deaths at 40mph recks were common, but now they are nearly unheard of. And the reason why they were so common back then was on the fact the cars/trucks were built like a tank and the driver took the full G force of the crash and ended up breaking their necks. Now cars/trucks are made to bend & break in certain areas so the Driver take as little G force as possible. Edit: Also, you can limit your chances of getting into a reck by a amazing 70+% if you don't text and drive.
Dave’s entire philosophy on cars doesn’t make sense. Tells people to go pay cash for a $3k car to get to work, then stresses the fact that income is your most powerful wealth building tool. Good luck finding a reliable vehicle for $3k to get to work to earn that income. Complete nonsense.
It's easily possible but the entire situation will come up with roadblocks against you. I grew up walking everywhere and watched everyone else struggling with getting 9mpg in their rusty 80s cars, and occasionally taking the pickup truck to save on fuel. Without money, you are only slightly better off with a car, it at least gives you a roof and heater in an enclosed space. That can save your life. If you are good at buying on Craigslist, then take your time to look until you find something you are actually really comfortable with
She's done her research and she has to have a Lexus? Really?! QUICK - somebody go tell all the parents driving their kids around in a Toyota, a Chevy, a Ford or a Kia that they're being irresponsible!!! Good heavens, what are they thinking?!
You do know cars need maintenance regardless of lease or purchase? If the engine blows due to you not doing oil changes, you will be required to pay the replacement cost.
@jamslam5641 Big diference between oil changes and more costlybrepairs that come with higher mileages. I was making 11k a month before I retired. I could not take off from work to take my car to the repair shop.
@@jamslam5641 Well, I made 500 plus a day. My clients did't want to ride in an old car. Youbhave to spend money to make money. Didnt have the luxery of drppping my car off for water pumps, alternators etc. I was able to retire at 55.. Must have done something right.
Car payments can actually be great in some cases. Instead of paying cash lets say you finance a $30k car at 0%. Then stuff that cash into a High Yield Savings Account at 4.8% APY and you'll make $8000 by the time the loan is paid off in 5 years! Even if you finance at 2.9%, you will still make $5,500!
I wonder if someone has asked the question regarding Tesla. No upkeep, no oil changes, free charging with electric companies over night....safe reliable....its a tough one to argue despite the price. Anyone heard him talk about this?
@@Cocokiki561 I have friends stupidly paying double that with similar salary so I know it’s manageable, but I couldn’t do it with a sound mind, even if the payment would be less than 10% net. I feel like I’m being cheap but then I watch dave to get my head in the game again 😂
Payments aren't always stupid. Instead of paying cash lets say for a $30k car, you finance at 0%. Then stuff that cash into a High Yield Savings Account at 4.8% APY and you'll make $8000 by the time the loan is paid off in 5 years! Even if you finance at 2.9%, you will still make $5,500!
@ Two things: If you actually have the cash you will typically not finance. Financing lures in people who can't afford the car so payments are their only option. Secondly, payments lure you into buying a much more expensive car than you would be comfortable paying cash for, i.e. afford.
Dave knows nothing about cars. Even a basic Civic goes for $20k nowadays. An entry level mid-sized car goes for $25k. Avg price of cars nowadays is $38k.
A no-brainer, if you have the cash then just pay for it. The only argument against would be the opportunity cost of that money if for example you invested that money and just leased the car would you come out on top at the end of the lease period? I would say it is extremely unlikely.
You should feel guilty about spending $25,000 on a 6 year old lexus. Lexus is a more premium vehicle which comes with more expensive repairs. You can by the Toyota counterpart that is 3 years newer and less miles for 20-25k.
If you’re willing to shop around, you can get a Lexus for a price equal to or less than those options. I just bought one certified with every available option for its year and low mileage for less than my girlfriend paid for her base civic and less than my mom paid for her Camry. And it was about equal to used versions of the Honda’s and Toyota’s I was seeing locally. Just depends on how much work you want to put into your search and if you’re willing to drive out to go get the car. ( and yes, I paid all cash as Dave Ramsay would approve)
That Lexus SUV is a great car with a V-6, and a total dog bought used with a V-8. The V-8 engine bought used over 100k miles is hugely expensive to maintain and repair compared to other options, which is why new purchasers are so ready to dump them. Maybe Dave shouldn't be giving car purchase advise.
Lexus has a great reliability record. Don't pay extra for an extended warranty if you're not going to use it that much, especially on a vehicle that is reliable.
She does not NEED a luxury branded car ..... Get a Toyota Sienna or Highlander instead. A 2014 .. so 7 year old car at the time of this video? 25k makes no sense.
Dave..my car is 2004 and only has 74,000 miles on it but its been in the mechanic trying to pass inspection..what do I do?? Do I buy another persons piece of junk just in case..??...Im retired and only living on fixed income..
@@markg999 its a ford mustang..Im not sure what is going on..It was first in his shop for three weeks and he said he cant find anything wrong..then he said pick it up and drive it for 30 miles and reset the engine.I did that and it still didnt pass..He then said okay take it home and then come back Monday which was yesterday..; so I did ..Now I have to wait again or call tomorrow..I dont think he is making too much money off of my car so doing other cars to make money and letting mine sit there until he can get to it..
@@mariejones7136 What's it not passing emission testing? 3 weeks is ridiculous amount of time...might want to look for a better mechanic. If not passing emissions I'd have the catalytic converters checked first.
@@markg999 yes not passing emissions..the engine light and gas tank light is on..well he passed it for three years ..that is when It started having issues. that is why I took it to him again..He is really the best trouble shooter as I have been to other mechanics;but Im going to have to give up and take it somewhere else..or just give up I guess..
"I want to buy a pack of gum at 59¢"
"What is your household income?"
As soon as you open the wrapper the value of the gum depreciates 60-70% of that value. Smarter to buy a 2-3 year old gum.
😂😂😂😂😂😂
"You're broke!"
🤣🤣🤣🤣
- "Should I buy a pack of gum at 59¢?"
- "What is your household income?"
- "250k/years"
Scotty: buy a 94 Celica 😂😂
The only car that exists
😂😂😂👍
😂
This one got me 🤣🤣🤣
glad to know there’s Scotty fans here lol
After learning about the Dave Ramsey plan, I bought a car cash and at first it HURT to write that check. Having the money in the bank really did make me feel good. Now that half a year has passed I can say it feels even better not to have car payments and I was so determined to “make up” for they money I had spent, that I got gazelle intense on replenishing that money back into my savings. It took a lot less time to build it back up.
Bad idea, invest the saving, and financing. It. With reallllllly low interest like 0% to 1.9%
Its better to be with then without. Paying monthly does not drain all or most your earnings at once.
@@johndone8045 poor mans mindset lol
@@galupproperties3098 wrong, the broke middle class folllows dave, the rich leverage
@@johndone8045 your funny. I always thought leverage was worth it. When the tide goes out you can see who was skinny dipping. Paid for rental property for instance rn is a heck of lot better than debt ridden properties. Much easier to carry. Risk is never factored in with leverage. Now car loans haha those are a badge of the middle class.
Words no caller has ever heard from Dave Ramsey before:
"Buy the car"
Congratulations, you have won the Dave Ramsey challenge.
Bonus points because it's a freaking LEXUS.
She says 600 words when 50 will do.
Yep..most women do
Stream of consciousness.
Why say lot word when few word do trick?
It can seem like women talk a lot when you believe women should not be able to speak. As they talk, all you're thinking about is what an idiot you think she is and how nothing she says matters. It seems to go on and on because you don't respect her and resent that she exists. This is a *talk* show for financial problems, and she described what her situation was.
@@bimbop7693 you must be a woman..you also talk too much!
She just used her 50,000 words for the day in one short phonecall.
Bless her heart. Pray for her husband. Donations of earbuds are much appreciated. 😂😂
Bless her heart • I know what that means
You’re Southern 😂
Take a shot for every V-Hickle!
veeeehickle.
🥴
Canadian gang wya
LOLLLLL. It was soooo cringeworthy!
I hate the way thats pronounced.
Moving soon to the US for a work assignment for a few years from Germany, I'm in my 20s and this channel is incredible to learn from the mistakes others have made! (and to stop dreaming of 50k cars)
You had me until you said to stop dreaming. Sure, dreams by themselves will get you nothing. But, in America, dreams accompanied with work (and following Dave's Baby Steps) will put that $50k (cash only) dream car in your driveway. 👍
@@Winnie-Kay Nothing wrong with buying a 50k car in cash but make sure your net worth is at least 200k before doing so lol
Not just in USA. Any place.
as a 22 y/o in college I enjoy the vehicle conversations. I have a cheap car and my parents are trying their best to get me to buy a car. I just want something to get me up and down the road rn lol
Vee-hickle.
Stay strong. My husband's family convinced him to buy a brand new 27,000 dollar truck before we met. He was only 19 and they convinced him he had to do that to build his credit. We're now 25 and still paying for it... Family doesn't always know what's best for you. This is how the debt cycle continues. You can break the cycle! You got this!
@@morgandawn6413 yep you're 100% correct. They know im a different breed when it comes to financials. My mom and dad once told me to take my savings that i have in the stock market out to buy a side by side so we could go riding on the weekends.. I refuse to be broke if I have any chance whatsoever.
I’m 24, and I just purchased a 2020 Jetta with 10 miles on it. It gets around 36 MPG, and my payments are only 190 a month. If you’re looking for a new car, please look at Volkswagen.
@@Michael-ke8on Once every four seconds!
I want to call and ask Dave a question but my manager listens to Dave Ramsey too and she would totally recognize my voice 😂😂😂
Hey, this is your boss. I watch him on TH-cam too. You are fired 🔥
Try a voice changer app
If you just want to ask a question (and not have a discussion), you could write to him on his Facebook page or you could tweet to @ramseyshow
But then you get to call back and do another question asking Dave what to do because you got fired
Write in.
Dave is so patient. I would have stopped her 20 seconds into her speech 😱
😂
I'm still trying to wrap my head around how anyone at this income level could have any money problems at all. I buy new cars for less than $25k with cash and keep them for over a decade as it's the least expensive and trouble free way to drive. I bought our first new car in 2006 when the lowest price I could negotiate for a 3 year old model with 50k miles was $15k and a brand new one (new model design too) was $18.5k after a rebate. Pretty much a no-brainer and lower priced, base models have less depreciation. Prior to that we always bought used, what we could afford with cash, usually buying a "new" car every 2 to 3 years and taking about 6 months to find a good deal. I love not having to shop for a replacement vehicle every few years and no other repairs other than tires/brakes/oil changes for a decade.
Even at 175k, once you put money away for retirement and other savings, there’s little left. Taxes eat up most of it. 200k/ year now is the 100k/ year of old! Crazy!
@@prakash.srn.17 Lol, the issue is the same no matter what your income level, you're over-spending. Are you maxing out all of your retirement accounts and amassing other savings? If so then you don't really have "little left" as you've done the smart thing already and helped lower your taxes to boot. You're still over-taxed at that income level and it always astonishes me that people in your position don't switch to part time in order to enjoy their lives more or to pursue tax advantaged income like investing in real estate. If the government is taking half your income, why not work half as much and keep it all or at least most?
@@tomj528 it’s looking at balance sheet v. Income statement I guess, which is why I constantly feel like I made nothing in a month. My checking account has the same balance as I did when I was a student but to your point it’s not like I have nothing. I don’t give myself much disposable income. Real estate has risks and headaches I don’t want to deal with nor pay someone to - might change in the future. I don’t have wife and kids so I work mostly and play a few games to keep out of trouble. I just enjoy dogs and will start a rescue. Nothing like picking up after my dog to keep things humble
If you just so happen to have 60,000 laying around in a bank buy a car.
@ Why on earth would you every buy anything so expensive when there are so many options for half of that or even less? I've got a 9 year old Subaru Forester that is still perfect and gets pretty good gas mileage with all wheel drive. I may buy a new one in a few more years, right now they're just $30,000. I've looked it the larger Ascent but it's makes it's higher HP rating with a turbo charger which is no bueno if you know anything about cars. I've also got a 2006 GMC K1500 Sierra that I'm thinking about trading up to a 2019 Ford F150 since it wouldn't cost that much, maybe $15,000 after selling mine. Then again I'm also thinking about picking up a used Ford Transit AWD medium roof van to turn into a lightweight and flexible camper van to take the place of my truck which would be about $15,000-$20,000 to switch to. Lots of options and we're not really driving that many miles anymore so a little more careful thought to figure out the best solution going forward. I'm leaning towards the camper van while keeping the Forester for another several years and eventually making the van our main driver although I'm going to need a 4wd truck for another few years because I don't think the AWD Transit can shove my parent's 1994 Ranger fiberglass boat up their cabin's 30° grade driveway in reverse to park it in the garage...yeah, it's just as fun as it sounds, lol.
People have an easier time financing $50k over 5 years plus interest. Than dropping $25k straight out the gate and being done with it. So weird when you think about it.
It's so weird right?! I know because I feel like that myself
I remember hearing Dave say "Pay it off, and if you don't like it you can borrow the money to put back in the savings." When you flip the way you think about the money, you start to wonder how being in debt ever made sense in the first place.
It's because they don't have the cash to begin with.
That $25k in the bank is cash it’s hard to let go of cash
Taking loans is not a painful reality.
I work for a car dealership, it amazes me how much value they loose through depreciation and the people that come in to buy them and finance them between 60-84 months , paying $560 a month on average.
If buying new, I'd finance as long as possible at 0% for something reliable that holds resale value well. A Toyota Taco 4WD crewcab for under $40K new could still be worth over $20K 7yrs later. 2012 Wrangler JKUs that were under $35K new can still fetch well over $20K, and they aren't generally as reliable.
I generally buy used Japanese economy cars though. Fuel, insurance, registration, and parking costs can be much lower, which improves the economical aspect even more.
My aunt owns a high end car dealership. I used to work there during college (commission only) my aunt and her husband let my drive crazy expensive cars everyday. Now as an adult I don’t have the urge to buy new expensive cars. I’ve been driving my car for 5 years and not buying anything fancy. I felt like people buy new cars because they this urge.
@@RKmndo Lol another example of a common fool. First of all 0% financing is a sham. They include an interest rate of their choosing in your monthly payment, otherwise they'd be losing money on the deal.
Secondly, financing "for as long as possible" would actually cause you to pay the dealer more in hidden interest fees. 0% is the new marketing tool pal don't let them draw you in so easily😔
@@meatball4409 I sold cars for a living. If you pay more for 0% financing, it was because the 0% financing was in lieu of rebates or similar...or you didn't work your deal correctly. NEVER discuss method of payment before settling on price. Sometimes the 0% is actually a better deal than the rebate. Crunch the numbers if it's either:or. It also matters if you're planning to pay the loan off early.
If you know how to invest well, and the reliable vehicle holds resale well, you're generally still better off financing with a low rate for as long as possible. Have the price of the car invested by time of purchase. Put enough down to not need GAP.
@@RKmndo That is exactly what I expected from someone who used to sell cars. What you're really doing is making continuous payments on a product that you consume, which at the end of the day will be worth 60-70% less than what you paid for it within 4 years.
Let's assume an example vehicle costs $30,000 and you get into it for $400/mo. That's roughly 6.3 years worth of payments on something that will have gone from being worth $30,000 to $9,000 while you still have a little over 2 years worth of payments to make. Using money to turn $30,000 into $9,000 is not exactly a good investment strategy.
Had you invested that $400/mo at say 8% during that same time frame you'd have about $39,153 for a return of $30,153 more than the financer whose "asset" is now worth only $9,000.
Now, one mistake you've made that many people who make the same argument as you commonly make, is assuming in the scenario that you have the $30,000 sitting in the bank that you can invest. The reason people take on payments is because they do not have it in their bank account.
Financing at a low interest rate really is more beneficial for the wealthy, because they have a large sum of investable capital that they can invest at a greater rate of return than the loan interest, so they leverage something called opportunity cost.
4:30 She said it exactly , once you value seeing that money in your account and value it more than (whatever)
"brevity is the soul of wit"
"All that glitters is not gold"
“I ate Taco Bell therefore I sharted”
Caller : How much should I spend on a car ?
David Ramsey: Sell the car !!!
YOU ARE BROKE! sell everything on Ebay til your kids thinks they are next 😂
Money isn’t the only thing she should be worried about wasting. TIME WITH THIS CALL
Hey Dave, I just sold my 2014 Lexus Gs350 and will be buying a Toyota tacoma Cash to accelerate our debt snowball. Thank you for what you do.
Nice move
Congrats and stick with it! Toyota is very great for longevity and reliability. Learn to maintain yourself and you're really saving
Sold my 2018 elantra sport and got into a 04 tacoma for 7.8k and lost that $360 payment and 22k of debt now debt free you can do it bud
That's a great truck! A buddy of mine is a mechanic and he bought a 2016. Loves it.
What year taco?
It's a Lexus GX. I agree with Dave that she should buy a $25,000 vehicle. But she doesn't need a dang GX to carry 3 kids. It gets 17mpg, AND that's on premium fuel, so accounting for the difference, that's like a standard octane vehicle getting like 13mpg. She could get a $25,000 van, Honda Pilot, Highlander, etc.
It’s nice that people reach out to Dave to get some advice before making potential financial disasters!!!
I leased a vehicle at 1.25%. Kept the cash invested. So glad I leased. The money invested paid for the lease.
If you’re concerned about spending too much money on a vehicle buy a Toyota instead of a Lexus. Same company and less features.
Top trim Toyotas also have many design elements of a Lexus too. Not as fast but a good car to get around in.
Love Dave's advice. USED cars are where its at! Never owned a Lexus but I'd like to.
Definitely! Iv had a Corolla for 10 years it would be cool to get the sporty version (Lexus is350) 😜
I’d love to drive through Ramsey’s parking lot and see what types of cars are parked there!!
On Dave's advice here, I purchased a Toyota Camry with 100k miles.
Eventually, when I save up enough money.I will buy a new Toyota.
For now the Camry is running ẁell.
@@davidb8777 We did the same for our son two years ago. It’s reliable but we have had to replace shocks, struts, and tires. not sure if this is a Toyota thing or not, but you need to be sure to rotate the tires with every oil change because that didn’t happen and we are replacing tires again! Our GMC, Pontiac, and Chevy cars don’t wear tires like that. This is a 2004 Camry.
Dave says “Buy the car.” At 2:54. This call goes on past 8 minutes.
I've never had the mindset of feeling the need to constantly spend money. In fact I've never understood that mindset, it's always bewildered me.
You won't take it to the grave with you
@@exaucemayunga22 That makes no difference to me. I guess I'm just more of a minimalist and therefore don't value items as much as other people
Don't let family push you into debt.
“Value having money in your account more than spending it on something” underrated comment
It makes scene based off ratios. If people can manage each expense properly then they can buy nice things but if it’s a large part of your income don’t do it.
We bought our Seina Van for 35k. My husband said if we bought a used car that is 2 yrs older, we would save 15k.
Just a side note, I think that car is based on the Toyota land cruiser, and is about as reliable as you can make a car. Thus it will have very high resale percentage value. Bad gas mileage though.
This could be an email...
Omg this was torture. V hick al
Get a used Toyota Highlander. Don’t need to go the luxury route
Why though
Braden Sax Highlander’s are great family cars, super reliable, and cheaper than a Lexus suv
They where more expensive than the Lexus I ended up buying when I was looking a few months ago
Dr. Johnny Sins that’s the risk you take going with a used car for sure but I always go to a trusted used dealer that only sells clean titles. Most cars have carfax so you can see all the history on the vehicles you’re interested in. I know that still doesn’t show how it could’ve been driven by the previous owner but they are usually detailed and cleaned by the dealerships. You can also request to take the car to a mechanic to inspect it before you buy
@Dr. Johnny Sins that's okay if you have the money for it, but it's a lot of money for the luxury of not taking a few days to research how to look over a used to car to evaluate its mechanical health. It's simple, and once you learn it you know it forever.
Thing that helped me out the most is getting a CPO (certified preowned)
I did the same.
If you watch Scotty Kilmer he mentions how CPO is a scam because it’s Ford certifying Ford vehicles to charge a higher price and the people WILL pay for it. It’s just an expensive label
@@yocelyncarrillo-luna2553 They can be, yes, but that's why you negotiate. I wanted to buy a mustang but 50k was way too much, saw they had one for 25k but that car was only worth 20k. Was lucky enough that there was the another dealer with the same CPO but cheaper so I told them "well I'll just go get it there" and they gave me a better deal. I agree that a CPO can be more expensive but negotiating is key
Did Dave miss the part where her husband isn't working? Was $175K just her income or both of theirs when he was working? Granted, they have the cash for the car, but I feel like he just kinda glossed over that part.
Humble brag is why she called lol
Good for her.
Beats the heck out of humble broke.
I mean they can't have every single caller be somebody who is $100,000 in debt.
They have to mix it up and include calls from people all over the baby step Spectrum.
She might be humble bragging but it's a legitimate difficulty if you have gone through a lengthy baby step 2. You have conditioned yourself not to spend and it can be very hard to suddenly make a large purchase.
Nah. It's hard for me to spend $5. Even if someone tells me to
90% of these calls are
Nah it really seems like she’s gotten so good at saving money, that she has trouble making a big purchase.
Love the look on Dave's face as he's losing 30 IQ points listening to this confused caller.
Buy the gx460!!...it’s a no brainer with your income and savings no debt. That’s one of my future purchases too
Great clip, and very real emotional journey
Agree. I know some people say that this is a humble-brag and who knows it might be. But it's a legitimate difficulty the people can face after baby step 2.
And also it's nice when the show mixes it up and it's not just every single person calling in who has $800,000 in student loan debt and wants to know if they can buy a house.
They need to start thinking about the fact that they can probably replace that $25,000 they spent in 3 months.
Congrats for paying off the student loan! 👍🎉
A 25,000 car is an economy car nowadays. Now that the used car market has gone nuts, you pay pretty close to this unless you get a high mileage car that wont last very long.
Anything with a motor depreciates in value. That rule has opened my eyes to car buying. 😊
I’m blessed to have a 2000 Lexus GS300 one of my lifelong mentors decided to send my way after working in his office for the Summer. Just paying insurance even as a 24 yr old and maintenance is a dream. No payments ever!
“SELL THE CAR!”
In 2019 I paid cash for a 1999 Mazda Miata with 32K miles for just $6K…what a steal! The car was mint.
Where tf did you find that?
The benefit of a brand new Toyota or Honda is that you will have 100000 miles of driving with no unexpected costs.
Not the ones with a cvt 😢
Needs a Lexus for 3 kids LOL
That’s all I’m buying and we only have 2 kids. Best cars made
We had two kids and Dodge minivans. Now we have a Traverse and a Trax. I'd rather spend my money on other things, like my Spyder 🙂
When you have kids SUVs are a godsend😪
@Jim Roscovius .....I really need a Trax. Does it run good? Good investment on maintenance and gas? It’s just me an a toddler.
I have 3 kids and we bought a 2 year old chevy traverse with 3 rows for 21k. The thing has run like a champ in the 2 years we've had it.
Thank god Dave stepped in to talk otherwise she would be talking to the end without him saying a word 🤣
This particular video is good to help you through the emotional side of making decisions
I bought a 2008 toyota corolla in 2012 for 12k and ive had it for 8 years 0 issues outside of basic maintenance. I even see other 2008 corollas on the road today. If you are spending thousands on something do the research and look at hundreds of cars to find the one that fits you and that has a proven track record of success. All the reviews i read said 200k+ miles and very little issues. Im at 85k and plan to rid over 200k ill have this car until 2040 unless i get in an accident.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@lennoxmutterick6434 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@BrandonIvan-c6e Oh please I’d love that. Thanks!.
@@lennoxmutterick6434 Clementina Abate Russo is her name.
Lookup with her name on the webpage.
Ill never do a car note again. I recently had geico total out my car cause it was in a wreck. I am actually relieved because i no longer have to pay 400 a month plus 210 insurance. I can now breathe and pay off some loans and credit card easily and will buy me a simple cash car for 3-4000.
You gotta love how simple Dave's logic is.
Depends on what your goals are. If you want to achieve FIRE ( early retirement). IMO only if you make 125k a year does it make sense to spend so much on a depreciating asset.
I don’t care if someone has Warren Buffet money. Spending more than $25k on a vehicle is insanely stupid unless the more expensive vehicle is an absolute necessity for their job
Things that depreciate are not assets.
She doesnt need a lexus veHicle to drive some kids around. But financially she can buy whatever she wants
Anyone that likes Lexus can just got to toyota since it's the same company but with the caveat that Toyota is 25k cheaper usually
When I got a job with a substantial commute, I bought a 1 year old Prius for that price range. Traded a 30MPG car for a 50MPG car. In 100,000 miles it saved 13,333 gallons of gas at an average price of $3 per gallon or $40,000 in gas. Yes it pays to do the math on your expenses. Drove the car even longer and retired it at 180,000 miles. The other advantage is the low maintenance requirements. Did not need brakes, starters, water pumps, belts, timing belts, etc for the entire time. Some cars are high maintenance cost. Others are low.
@Atty. Johnny Sins Personal Finance Not quite at the moment. Due to the stock market sale, I've move much of it into high dividend stock for growth. Averaging 20% yield, so risking some to take advantage of that. Stock with a PE under 5 is less likely to lose a large amount of value while returning above average returns due to low cost. Trying to keep my average Yield on Cost above 20%. At the current rate, the 40K will be replenished in about 24 months of dividends and keep growing.
@Atty. Johnny Sins Personal Finance I had $120,000, then the market took a dip. Now that is earning another 20% annually. Temporally have $25,000 in cash.
I love when people are like “we need a Lexus” lol
When there is literally an exactly adjacent Toyota model like a highlander.
Unless they're buying ~8-10 year old used car where the depreciation catches up, it's not even close.
I will NEVER buy a brand new car. I’m simply not that stupid.
Love the Dave Ramsey.
Good question TBH, when you “suddenly” make more money than to spend this is what happen. Maybe people just don’t understand her position since they don’t have that much money and 0 debt after paying $130k
When people pronounce the “h” in “vehicle”... criiiiiiinge
its ok to pronounce it, just not over pronounce it 👍
Pittsburgh accent trust me
how do you pronounce it? Ve-i-cle?
Teeny Verse yeah I guess that’s how I’d write it if I wrote it how I pronounced it.
$25,000? The average car today cost $48,000.
This caller isn't stupid. She's not talking about a brand new car to buy.
I bought a 26, 000 mile Toyota with £1500 GBP. Leaving me free to play with whatever 2nd car I want, how I want
I make 67k a year before taxes in nyc is it ok if I buy a 10k car with zero debt
“Take the bus, Save up, pay cash for it. “
Give to your girlfriend
Connor Royale no loans I understand ! Or lease!
Jaime Cruz she gets enough 😆
PAY it in cash no financing
Hate how she says "veHICle".
I'm like..is that how it's suppose to be pronounced?
She pronounces the H in vehicle
Why did they have a lease with that income?
might have been a luxury car like merc or something that they did not want to fully pay for
Once I bought 1700$ designer bag all night I felt very guilty I returned next day I'm glad I did
but why return it
If you have a lease, the cheapest car you can buy is the car your leased once the lease is up. I leased a 2020 Toyota Corolla for 280 a month with very little to get out the door which is comparable to the 275 a month I paid for the payment on my 2011 Versa that lasted 9 years and 220,000+ miles before it became unreasonably unreliable. In 3 years I can just buy the Corolla for $14,000 which is the cheapest, nicest used car I could buy since I'd be the only owner and take care of my things. TCO for my Versa is over 60,000. So that's about 6,000 per year or 500 per month. That's gas, insurance, maintenance, the payments, etc. Even cheap cars aren't that cheap to own.
There's nothing wrong with spending $25,000 on a car. There's something wrong with spending $25,000 you can't afford on a car just because you want to impress people or think you're "entitled" to it. You can always get a cheaper car. It just depends on how much you want to deal with it rather than just get reliably from A to B.
The kiddo is 13 so she gets the Corolla as her first car. And then I sort out what I want to do from there.
Heh, my 2011 versa had 210k when I got rid of it. It needed too many parts after a while.
Just get a Toyota Rav4 and save 20k. Toyota and Lexus are basically the same thing.
My friend worked in car insurance claims and said rav4s get absolutely obliterated in car accidents. You won’t catch me buying one
The more Damage a Car/Truck takes, the Less the Drive receives.
If you go back around 45 years -- deaths at 40mph recks were common, but now they are nearly unheard of. And the reason why they were so common back then was on the fact the cars/trucks were built like a tank and the driver took the full G force of the crash and ended up breaking their necks. Now cars/trucks are made to bend & break in certain areas so the Driver take as little G force as possible.
Edit: Also, you can limit your chances of getting into a reck by a amazing 70+% if you don't text and drive.
Buy a Toyota highlander
Dave’s entire philosophy on cars doesn’t make sense. Tells people to go pay cash for a $3k car to get to work, then stresses the fact that income is your most powerful wealth building tool. Good luck finding a reliable vehicle for $3k to get to work to earn that income. Complete nonsense.
It's easily possible but the entire situation will come up with roadblocks against you. I grew up walking everywhere and watched everyone else struggling with getting 9mpg in their rusty 80s cars, and occasionally taking the pickup truck to save on fuel.
Without money, you are only slightly better off with a car, it at least gives you a roof and heater in an enclosed space. That can save your life.
If you are good at buying on Craigslist, then take your time to look until you find something you are actually really comfortable with
I wish I could go on Dave's show and be able to say, "We make $175,000 a year."
Lexus gx is incredible vehicle. Buy buy buy
She's done her research and she has to have a Lexus? Really?! QUICK - somebody go tell all the parents driving their kids around in a Toyota, a Chevy, a Ford or a Kia that they're being irresponsible!!! Good heavens, what are they thinking?!
Sherry Ellesson 100% agree with you
A Lexus is literally a fancy Toyota she’s has the cash why is it bad? A Lexus is a better buy then a Chevy any day and they make 200k a year
Lexus and Toyota are the same company. Both reliable vehicles.
This video hits home
Thank you
Ugggh, lady stop humble-bragging and get to the point
Lexus is an incredible car! Toyota!
At least it wasnt a Mercedes or a Break My Wallet BMW
Scotty Kilmer approves!
People like leases because it is less than a purchase. They want a car they never have to maintain. No worry about a breakdown etc….
You do know cars need maintenance regardless of lease or purchase? If the engine blows due to you not doing oil changes, you will be required to pay the replacement cost.
@jamslam5641 Big diference between oil changes and more costlybrepairs that come with higher mileages. I was making 11k a month before I retired. I could not take off from work to take my car to the repair shop.
We've owned many cars and mainly did oil changes and nearly all made it over 200,000 miles including one that made it to 300,000.
@@jamslam5641 Well, I made 500 plus a day. My clients did't want to ride in an old car. Youbhave to spend money to make money. Didnt have the luxery of drppping my car off for water pumps, alternators etc. I was able to retire at 55.. Must have done something right.
Dealers love finance. They tell you to keep your money. Then they sell you gap and warranties. Buy cars just like you buy anything else.
Car payments can actually be great in some cases. Instead of paying cash lets say you finance a $30k car at 0%. Then stuff that cash into a High Yield Savings Account at 4.8% APY and you'll make $8000 by the time the loan is paid off in 5 years! Even if you finance at 2.9%, you will still make $5,500!
is leasing renting or getting a loan best if needing a car cannot be delayed and you have no money to buy ine outright?
It IS hard to write the cheque.
Only if you keep it for over 12 years and depending on the make and model
I wonder if someone has asked the question regarding Tesla. No upkeep, no oil changes, free charging with electric companies over night....safe reliable....its a tough one to argue despite the price. Anyone heard him talk about this?
He thinks $25k car is a waste of money so you think he'd be fine with a $70k electric car? LOL.
@@jamslam5641 25K sitting in your drive way SELL IT SELL EVERYTHING lol. I guess you're right
About the only thing he's said about Teslas is that he doesn't like them, because they don't have an engine that makes noise.
Meanwhile I’m sitting here trying to debate if I can afford a $500 car payment off 80k a year 😂
Same exact situation here. I'm leaning towards not doing it now lol
@@Cocokiki561 I have friends stupidly paying double that with similar salary so I know it’s manageable, but I couldn’t do it with a sound mind, even if the payment would be less than 10% net. I feel like I’m being cheap but then I watch dave to get my head in the game again 😂
Car payments are stupid. Pay cash for your car.
Payments aren't always stupid. Instead of paying cash lets say for a $30k car, you finance at 0%. Then stuff that cash into a High Yield Savings Account at 4.8% APY and you'll make $8000 by the time the loan is paid off in 5 years! Even if you finance at 2.9%, you will still make $5,500!
@ Two things: If you actually have the cash you will typically not finance. Financing lures in people who can't afford the car so payments are their only option. Secondly, payments lure you into buying a much more expensive car than you would be comfortable paying cash for, i.e. afford.
Dave knows nothing about cars. Even a basic Civic goes for $20k nowadays. An entry level mid-sized car goes for $25k. Avg price of cars nowadays is $38k.
They aren't talking about factory new cars.
A no-brainer, if you have the cash then just pay for it.
The only argument against would be the opportunity cost of that money if for example you invested that money and just leased the car would you come out on top at the end of the lease period? I would say it is extremely unlikely.
You should feel guilty about spending $25,000 on a 6 year old lexus. Lexus is a more premium vehicle which comes with more expensive repairs. You can by the Toyota counterpart that is 3 years newer and less miles for 20-25k.
not really. The only equivalent is a 4runner and they usually cost the same or more for the same year/mileage.
How do you call in to the his show? I need to call in because I know he’s going to yell at me 😂😂
Really would like his viewpoint on my financials honestly
She said 5k car is a clunker LOL
Many $5k used cars today aren't clunkers.
Car is not. Truck is
For $5K it's very easy to find a nice used car
Lexus GX!!!! So worth it!
Lexus... lol Because a Honda Pilot or Ford Explorer just wouldn't cut it.
Not when you want a nice car
If you’re willing to shop around, you can get a Lexus for a price equal to or less than those options.
I just bought one certified with every available option for its year and low mileage for less than my girlfriend paid for her base civic and less than my mom paid for her Camry. And it was about equal to used versions of the Honda’s and Toyota’s I was seeing locally.
Just depends on how much work you want to put into your search and if you’re willing to drive out to go get the car.
( and yes, I paid all cash as Dave Ramsay would approve)
That Lexus SUV is a great car with a V-6, and a total dog bought used with a V-8. The V-8 engine bought used over 100k miles is hugely expensive to maintain and repair compared to other options, which is why new purchasers are so ready to dump them. Maybe Dave shouldn't be giving car purchase advise.
They make 175 a year.. And the maintenance should pay off in longevity, bigger engines run longer..
Sarcasm abound on this one
$6 burger n fries
$350 TV
$65 shoes
$28 green fees
$380 cell phone
Shall I continue
Lexus has a great reliability record. Don't pay extra for an extended warranty if you're not going to use it that much, especially on a vehicle that is reliable.
She does not NEED a luxury branded car ..... Get a Toyota Sienna or Highlander instead. A 2014 .. so 7 year old car at the time of this video? 25k makes no sense.
We've owned tons of Lexus, Toyota.... and believe me Lexus is much better and worth the extra cost.
I'm by far no economical teacher but being mechanically inclined is a big game changer...I mean HUGE!!!!😅
Why not buy a used Lexus gs used , you save money and depreciation
25k is the price for a used Lexus GX.
@@cnmgetme there's cheaper , GS based on when it was assemble
@@93mlo sounds like shes going for a GX because its an SUV.
u fakers must live in alabama
Why not buy Toyota Minivan? For 25k you get much newer car and Toyota and Lexus being same company will have similar quality control.
Dave..my car is 2004 and only has 74,000 miles on it but its been in the mechanic trying to pass inspection..what do I do?? Do I buy another persons piece of junk just in case..??...Im retired and only living on fixed income..
What type of vehicle is it? How much do you need to spend to get it to pass inspection?
@@markg999 its a ford mustang..Im not sure what is going on..It was first in his shop for three weeks and he said he cant find anything wrong..then he said pick it up and drive it for 30 miles and reset the engine.I did that and it still didnt pass..He then said okay take it home and then come back Monday which was yesterday..; so I did ..Now I have to wait again or call tomorrow..I dont think he is making too much money off of my car so doing other cars to make money and letting mine sit there until he can get to it..
@@mariejones7136 What's it not passing emission testing? 3 weeks is ridiculous amount of time...might want to look for a better mechanic. If not passing emissions I'd have the catalytic converters checked first.
@@markg999 yes not passing emissions..the engine light and gas tank light is on..well he passed it for three years ..that is when It started having issues. that is why I took it to him again..He is really the best trouble shooter as I have been to other mechanics;but Im going to have to give up and take it somewhere else..or just give up I guess..