Can I Afford This $130,000 Car?

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[@jeremyenelson]

This guy has already convinced himself he’s buying this car- he just wants Dave’s permission.

[@JeremyCrescendo]

😂😂😂

[@MrMlbfan6]

Is a gtr tho

[@emilavilez7739]

Exactly 💯

[@arthurdebacker3270]

Sometimes it's nice that your choices are validated by a guy like Dave. And as Dave said, the guy was humble about it, just wanted to hear a second opinion.

[@youngblood23rb]

If I were him Id buy it in a heart beat

[@Raven77844]

Not all our purchases are rational. If we're passionate about something go for it. Live your life within means. Dont go bankrupt but enjoy your life

[@jamesl9539]

Yes, but do you get extra satisfaction from buying “hey look at me” car? I rather spend it on first class plane tickets rather than spending time with the plebes.

[@Raven77844]

@jamesl9539 everyone has different interests and hobbies. Whatever floats your boat, go for it.

[@ShaanNotShawn]

​@@jamesl9539 Car enthusiast cars like GTR is not a 'hey look at me' car. For an enthusiast its a car that brings a smile to your face every time you get in and put your foot down. If first class plane tickets give you the same joy then its worth it. For me, that is throwing away money for a couple hours of a little more comfort.

[@dummy999]

Doesn't mean you have to waste money unnecessarily in the long run. Being diligent and tightly rational are 2 different thinfs

[@Raven77844]

@dummy999 wasting money is a relative term. To one individual, it's wasting money, but to another, it's a hobby. No one has a right to say its wasting money as everyone interests are different.

[@ariforu]

If I was Dave, I'd have said "Pay your house off first with that 150K" !

[@jomontanee]

Me screaming this at the screen right now! 🤣

[@traceejohnson290]

He has enough money to do both🤔

[@robertclark4784]

The house may be a low enough interest rate where its worth just continuing to pay the mtg

[@ikbenvoetbal]

I think dave knew he was already gonna buy the car already

[@donjohnson1416]

@@robertclark4784 Dont know much about Dave do ya?

[@todd2456]

I'd take the $130K and pay off the house!

[@michaelc7014]

I'm not saying that that's what I would do, but I can't believe Dave didn't even mention that

[@reese85]

@@michaelc7014 cuz he has the net worth and no other debt but the house

[@user-tb7rn1il3q]

I would as well. I’d bet the house isn’t worth what he thinks though. Houses are rapidly losing value.

[@reese85]

@@user-tb7rn1il3q if it was appraised at 1.5-1.6 million! It’s not goin to lose a bunch of value! A few hundred thousand at best

[@BeatKiller81]

A Nissan GTR used will hold its value it won’t appreciate but it’s less than 10 percent of his total net worth. If he’s disciplined enough to just say that’s his toy for the next decade the price shouldn’t matter much

[@wellerceci]

NO, pay off your house first!!! Until I heard GTR. lol

[@HPX584]

why pay off the house, when its worth 1.6m and he owes only 150k

[@sn4rl277]

Yes, me too. I was really thinking he was going to say a C8 Corvette. But he said GTR and my "No, no, no" went to "Well, lets run the numbers again" lol

[@CalmerThanYouAre1]

If he’s “buying the car in cash” but keeping a $150K mortgage, then he’s really mortgaging his house to buy a car. Doesn’t seem in alignment with the Ramsey way… 🤔

[@marymccann6110]

Yeah, but it's a car so Dave doesn't care about being consistent.

[@cmc9823]

The dude is in a great place so Dave is a bit more lenient with him.

[@farzana6676]

The principles can be bent for a dude who has a $3m net worth.

[@CalmerThanYouAre1]

@@farzana6676 if they can be bent for someone with a $3M net worth, they can be bent for someone with a $500K net worth. What net worth do you think Dave would draw the line at..? 🤔

[@farzana6676]

@@CalmerThanYouAre1 Dave draws the line at $2m net worth.

[@joshua38410]

Who cares if it goes down in value. It’s not like he’s trying to sell it. He wants to buy it and keep it. So the value of it doesn’t really matter. Life is short, just buy it. If he didn’t have any money saved, that would be another story

[@TristanL585]

💯

[@reaper-sz5tm]

This is how people stay broke. It’s all about balance. If you buy a 400k car and keep it, you still spent 400k.

[@wadeharris348]

@@reaper-sz5tm Then why are you working?

[@reaper-sz5tm]

@@wadeharris348 because I love working, not working to stay home all day is weak as fuck

[@BigJohnM]

Smart money people care about it. Broke people don't care. That is the difference.

[@uwone7778]

Millionaire Adults asking for permission to spend money LOL

[@SuzukiKid400]

That’s is exactly why they are millionaires. You don’t become a millionaire making less than $200k per year without saving.

[@bigm980]

@@SuzukiKid400 making less than 500-1m per year*. 200-300 is a pretty good bracket for people to run themselves into the ground because they feel like royalty and spend like congress without saving shit. income means very little until youre talking in M's instead of K's

[@allstarmark12345]

I don’t consider this guy a millionaire

[@zacharyferraro19]

@@allstarmark12345it’s not really about what you consider, it’s what the math says and it says he’s a millionaire

[@JanembaBuu]

Praise Jesus,!!!!

[@4liter]

TYPE/MAKE of vehicle is a huge question though. If it’s a new AMG or Range Rover, absolutely no. GTR, Porsche, etc much more of a hedge. Resell around sticker.

[@JreiZz]

The fact that Dave used an F150 Raptor to compare to a GTR in the situation 😂

[@TheSoulCrisis]

I don't even know what a GTR looks like but it felt odd lol.

[@schauerpictures2638]

Raptor is better in this situation lol. Rather spend the 130 on a 700hp Raptor

[@toohda]

@@schauerpictures2638 raptors aren’t 130K, you’d be severely overpaying

[@ggggg-fo2xq]

@@schauerpictures2638 id rather get a raptor and a rivian r1t

[@jml9550]

Raptor and GTR are completely different category. Raptor is great on dirt road, GTR is all asphalt.

[@dangeles95]

I am with all of you. Why didn’t Dave tell him to use that money to pay off his house ?

[@cassnate6259]

He doesn't ask the intetest rate, but I'd argue that a low enough rate would justify keeping the mortgage because the markets will very likely beat a 3-ish % intetest rate over time. But yes he probably should've asked.

[@treypelham5515]

Take 100k of the 130 and put it towards the mortgage, pay it down! Then take 30k and go on a family vacation every year for the next 5 years, family time is way more important than one car.

[@kenfrank2730]

Total income is $168k, not $200k as Dave says. Also include the cost of insurance and maintenance, which most likely will be very expensive. Not to mention the cost of speeding tickets.

[@Mikebremnr]

Pay off the house, sell the sons, use their college money for the car

[@LostintheUS-2030]

Brilliant advice!😂

[@dubs3815]

Ayooo😂

[@Thexfactor88]

There you go 🤣🤣

[@mattyp3119]

😂 Dave is so over his head when it comes to cars it's hilarious

[@mosescarrillo]

What he’s saying is it’s not guaranteed for it to increase. It’s very easy to crash that car and lose all of its value.

[@FATmenDRIVEtrucks]

@@mosescarrilloit’s a GTR do some research before typing

[@danieldavison9138]

​@FATmenDRIVEtrucks Unless it's a JDM GTR it likely hasn't appreciated. It sounds like he's describing an R35 by the way he talks about it. Those aren't losing much if any value but they're not gaining either.

[@FATmenDRIVEtrucks]

@danieldavison9138 definitely a R35 there about end it go electric or hybrid. So these will be worth what he pays forever likely. Kinda like a 2008 model cost $70k new still $70k in 2024. My buddy made $16k on his less then a year(covid) I don't think Dave Ramsey understands rare desirable vehicles as much as he thinks. This isn't a dime a dozen corvette or F150 that everyone has lol

[@BadPhD777]

I drove a GTR around a race track back in 2018. I also drove a Lamborghini and a Ferrari. The GTR was most memorable to me because it was a lot of fun to drive, but you can easily drive it home and enjoy it everyday. The Lamborghini & Ferrari felt like race cars with license plates.

[@sn4rl277]

I'd have a really hard time wanting to pay the cost of maintaining the Lambo or the Ferrari. The Ferrari is the one car I will never own. I'm with Jay Leno on his logic with never owning a Ferrari.

[@fzr1000981]

Camaro ZL1 1LE beats it on track for 1/2 the price, see C&D Lightning Lap

[@codyzimmer9257]

I’d take the 130k and put it as a payment on a duplex. Rent both sides out and get a passive income.

[@batman9512]

GT-R's are one of the least-depreciating sports cars. I would pay off my house first, though.

[@BenjaminButton6573]

Yeah but they will go up

[@batman9512]

@@BenjaminButton6573 Yes, they will most likely increase in value over time. Obviously, the caller can comfortably afford the car. $150K left on his mortgage isn't much, but I would feel more at ease with my house paid off...and he probably would not be calling Dave to ask his opinion.

[@jamesl9539]

I am worth $6 million and have no household debt. Yet, I drive a 2017 VW Jetta that I bought certified Preowned for $12,000 in 2019. My income last year was $490,000.

[@G82Jesse]

That means you simply don't enjoy cars. I have a fraction of your total worth, yet drive a $106,000 BMW. I go to local cars & coffee events, mile-long drag races on closed airstrips, participate in car-related social media, modify and work on my vehicles, etc. Automobiles can be every bit as much of a hobby as music, film and photography, athletics, vacations, etc, and are completely worth the expense to the right person.

[@WLJ1287]

That’s cool but like the guy above me cars aren’t your thing; however I would bet money you have a different vice where you allocated funds to that logically doesn’t make sense.

[@jamesl9539]

@@WLJ1287 I go on fancy vacations with my family at least two times a year. I just love to save money on things. I think that is why I was able to save and invest so that my net worth is what it is. I am definitely a saver.

[@jasonmcenroy1961]

@@jamesl9539I wish I was like you… I have a Lambo, Escalade, Tesla and I’m about to trade the Tesla for an M8. Make about a million a year. I just love my damn cars lol

[@richardlampman1497]

Surprised Dave didn't tell him too pay off his house.

[@heels4lifx]

Because it wouldn’t make sense. He likely has a low interest mortgage and 1.5 million in equity. People in that position aren’t exactly struggling to make payments.

[@melissab0515]

Same!!

[@Marthastewart209.]

@@heels4lifx I agree, this man has graduated from the baby steps 3.5 million net worth. Dave is treating him like an everyday millionaire, not like a broke person in debt.

[@vangtk10]

@@Marthastewart209. an everyday millionaire who has $150k in debt but still goes on to buy a $130k car doesn’t sound right.

[@catherineogilvie616]

@@vangtk10 His net worth (assests minus liability) is still in millionaire status so this is the only time it's different -- With that being said - I'd still pay off the car.

[@kyleb3580]

He's fine. My wife and I make about 500k a year total and we just bought a 70k car.. and that felt steep. It's all about what you're comfortable with too.

[@SGavin]

You sound similar in mindset to me, my wife and I gross over $200k per year and bought a $36,000 vehicle a few years ago, and it was the most I ever spent on a vehicle and was about the max I would spend. I hope my next vehicle is $10,000 or less😂

[@777jones]

Im just getting into those levels and yes, basically I think 10-15% of your gross is about what you should spend on a car. For me, that means a new Subaru or a five year old Volvo.

[@laprepper]

Don’t buy it. Go to a track for a weekend, spend $2K and save $128K 😂

[@rachelfrank8647]

Not until the house is paid off as far as I'm concerned.

[@terriesmith2616]

He says he has $800K in retirement funds, $400K liquid (cash), $90K each for his two boys college, I think he can easily afford a $130k car. He has more than enough liquid cash to pay off his mortgage any time he wants.

[@inthebooks3947]

He’s good

[@reese85]

@@wescald ok

[@JK-zt4ym]

Once you have enough assets paying off your house is dumb

[@bigbird4481]

@@JK-zt4ym why

[@2MANYCARS]

130k for a Nissan, I know its a GTR and has supercar performance, but at the end, it's still a Nissan. I would rather spend that amount on a Porsche instead.

[@dhoytinaz]

He said he had like over $400K in liquid assets. Not sure what that meant but if I was him while I was pulling money out of that for the car I'd pay off my house too.

[@brugai8917]

yeah, i would’ve asked “what do you call ‘liquid assets?’”

[@jimmymcgill6778]

Means index, stocks, or cash.

[@droid2D2C3P0]

It means non retirement. Mix of cash and non retirement investments

[@Xspeedspec]

That’s a good point because liquid assets means you can pull the money out. Those aren’t retirement funds. Just pay the house and the car off at the same time.

[@montyi8]

depends on the interest on the house, If it's

[@jayintn71]

If you have to ask, probably not.

[@tylersanders2388]

No there’s been a couple calls where Dave was caught off guard over the years where he said yes to Porsches and even a Rolls Royce once

[@rustyshackleford6637]

Don't be stupid

[@bobbybrown26]

Did you listen to it? Lol

[@bnorvs5929]

I would buy it if I was in his position. He’s earned the ability to purchase this car. With or without it he’s set.

[@reesercliff]

@@tylersanders2388 that guy with the rolls Royce was making like $300k a month he could easily afford it he was paying a car payment on it and Dave told him just buy it in cash dude.

[@anthonykence9954]

I would not buy it period. Pay off your house dude. Toys fade over time

[@Deborahs.6992]

Your home is an investment. That car will depreciate driving it across the dealer parking lot. Pay the house off, no brainer.

[@ThePhukst1k]

The house hold will probably have to work a year and a half to two years; just to pay for the car, depending on their spending lifestyle. That would kill a piece of me on the inside.

[@jmendozas197]

If he could buy it cash, like Dave Ramsey mentioned, then I would go for it. A R35 is a badass car and it seems like he has the net worth to justify the purchase.

[@FracturedGoblin]

And in a couple years it will still be worth quite a bit. even a 10 year old 2013 model GTR is at the absolute lowest $70k up to $130k.

[@karlabritfeld7104]

Why does a married guy with kids need a badass car?

[@FracturedGoblin]

@@karlabritfeld7104 to get away from the wife and kids for a few hours

[@bryanachee7133]

@@karlabritfeld7104 women don’t like cars like this lol

[@ljshoreslokal]

@@karlabritfeld7104 I cruise my 63' Ford with my kids, why not?

[@percivalgooglyeyes6178]

For a minute I thought he wanted to buy a freaking Tesla, which no way would Dave approve. So glad it was something decent.

[@forza-kr4bx]

I bought a 70k car. Model y. 😢 cash. Depreciated a lot. Doing rideshare to make up for it

[@davidbrown4540]

As the old saying goes, "If You Have To Ask..."

[@elpoderosaso]

I have a 93 Toyota Supra TT. I will also be buying a GTR soon in my life. This is where i disagree with Ramse, i personally dont buy cars to resell, so whether the car depreciate or not, it doesn't influence my decision.

[@AB-wy7dr]

“Can I afford $130k car?” “How much do you make?” “$14k a month” “ So, like $150-200k?” “Oh I don’t know. Whatever that adds up to. I’m a guy and I have a Subaru so I give me $130k car kthx”. This show never ceases to make me feel better about myself.

[@LG-zy9dp]

🤣

[@Dragon228833]

That’s really the point of the show. Everyone knows what they’re supposed to do. These videos just give you someone to point at and say “glad that’s not me”

[@scottstewart8737]

That guy makes 250-300k gross. If that makes you feel better I'm not sure why

[@Dedimoldu9]

130K for a Nissan... That is stupid

[@MrMustangrick]

130 k on a Nissan? No thanks.

[@SpartanHighKing14]

Probably an R34

[@PeteCorp]

I'd challenge myself to pay off the house and get to buy that car.

[@RafaelHernandez-vt8fu]

He has a mortgage. Dave has always stuck to the 7 baby steps. He should pay the mortgage

[@krobdawg]

Well that might be a first: someone asking Dave what his question is 3:14

[@choicemeatrandy6572]

😂😭

[@eedre4864]

Tables definitely turned at that moment lol

[@JasonGroom]

If you have the money for this car, you can pay off your house, and save the money for this car in the next couple years. Then you own everything free and clear. I assume he isn't terribly old, because he has two kids at home. Do things in the right order and you never need to worry about even asking the questions.

[@essel23fly]

Honestly, if you have to ask if you can afford a GTR, you can't afford it.

[@jamesmadison3108]

I am a Singapore citizen. 130k car is considered cheap here. In Singapore, to own a car for 10 years, u will need to have a paper certificate to allow you to own one. The certificate itself cost 100k Singapore dollar and that is not even the car price or the tax.

[@lkj0822g]

If you have to call a talk show to ask permission, you shouldn't buy it.

[@sherryd3299]

I wish people with this kind of money would get happiness from helping others who are struggling or can't afford their medications instead of collecting more toys.

[@RickM23]

1.5M house, what’s the state property tax on that in Philly? When one retires (even if house is fully paid by then), really need a large nest egg to cover all these expenses, health insurance, car insurance, bills/utilities, helping kids education etc. Inflation just eats away on one’s savings.

[@jml9550]

$1.5m ain’t much of a house in the Bay Area.

[@RickM23]

@@jml9550 Yeah not a fan of living in the Bay Area. Plus it’s long overdue for a massive earthquake.

[@seanmurphy3753]

GOOD comment. Exactly

[@MrSanDiegoChannel]

He just took out a mortgage to buy a car. How silly. Finish the race first man. Car will always be there.

[@mf____]

When I was a kid I desperately wanted a Honda CRX that was kinda cool that time. Now I could buy one for a couple of grands, but not interested anymore. 😁 Although, I get that some people need expensive toys.

[@cdcnd4spd13]

I'd kill for a super clean CRX. They are so hard to find these days lol

[@lot2196]

@@cdcnd4spd13 yes, very rare and collectable

[@dakel7]

I had a CRX HF, I sold it. I regret it everyday :(

[@sneakerfreak2002]

Clearly you’re not tapped into current old car values

[@Hallowsaw]

Idk i would say someone grossing probably 300k should have more than 1 million in retirement... say he retired today, at 4% withdrawl rate he would only have a gross 80k. Dave needs to make a babystep of how much in retirement you should have by each decade starting at 25-65

[@Hugecannonballs]

Dude has more than enough bread. I think he was just trying to flex

[@marymccann6110]

Exactly. He wasn't calling to ask for help. He called so he could congratulate himself.

[@cody5596]

He may have just been looking for someone to say it’s ok. The people in his life could’ve been saying he was crazy for buying something like that. That’s just pure speculation though, could’ve also just been to flex.

[@dackerman123]

Nah. He's being smart. Most broke people just spend impulsively.

[@christravelsbytaco5771]

Not sure I agree w/ Dave. I sold an e46 M3 14 years ago for 19k. Anyone see what a good example of that goes for now?! Sometimes cars CAN go up in value, especially if they're exotics.

[@ctknetwork3008]

i’m a bmw nut and i see clean ones around 30 realistically, yes they go up esp porches and m cars but that car can also get totaled, crashed, stolen etc. Not to mention inflation, upkeep, insurance, etc etc so some cars are excellent investments as value holders but you’ll never “make” money off a car unless you flip them

[@WLJ1287]

Yes let’s bring up the exception as a means to justify a decision against a generality

[@digitalgulby]

Ha I did something similar. I sold mine for 14k and I could not buy it back for that price.

[@mocheen4837]

1988 E30 M3 sold for $100K. I met a guy at the cars and coffee meet who paid $205k for a lightweight E30 M3. I still have a manual E46 M3 sitting in the garage with 80K on the odometer. It has the full Dinan suspension and has never seen rain. It still looks brand new. It has ppf on the front, detailed and ceramic coated.

[@foolishEmporer]

Wait til you see the insurance and maintenance costs

[@brettsbits5379]

Misconception. Catastrophic things can happen, though rare on these cars (newer gen). Maintenance wise, not much different than my Grand Cherokee after 5-years of ownership. Insurance is about the same too. If you're 18, don't buy one. 30+ with a decent driving record? Extremely affordable.

[@ChrisCardenDrums]

I like the nissan gtr as well, but I couldn't go with having one in the garage before having the mortgage paid off.

[@christopherharris3229]

I love how most people in the comments believe the caller is actually telling a true story and actually having a need for Dave's advice. 😆

[@mdaniels6311]

Personally, I would pay off the house so I sleep better at night. Once that is done, save up for the car.

[@ji-inroh495]

Who is this new lady? She is great! Great voice and nice chemistry with Dave.

[@alleykeosheyan4779]

Her name is Jade Warshaw.

[@rgarri6396]

Jade has to live by Ramsey law! No fun for her.

[@benvasilinda9729]

Why not pay off the house and drop that interest payment? Then a year or so later he would have that money saved back up to buy it in cash. Paid off toy and paid off house, that’s the dream.

[@thebeautifulmanclub3790]

He’s just calling in to brag.

[@Fishman362]

My big question would be why is 430 liquid? He could pay off the house and buy the car

[@jochenkraus7016]

That's his three month expenses emergency fund, lol. Seriously, I think in his case it just doesn't matter. House not completely paid off? Car will depreciate? Still a lot of money left.

[@noodle-cup]

I'd look into getting one that's done its fair share of depreciation. The r35 GTR hasn't changed much over its lifespan.

[@johnabitabile5035]

I was thinking for that money go for the new Supra and save a few $$. The Supra is a great car

[@alexrios1737]

It’s been the same for 13 years.

[@noodle-cup]

@@alexrios1737 yep about time to retire it

[@Xspeedspec]

@@johnabitabile5035 Really a supra? Compared to a GTR. There is no comparison. You would have to make engine modifications to supra just to even compete with a GTR.

[@warhammerfaction]

Yeah at this point I’m buying a rare exotic perfomonte lambo only 300 made per year around 280k-300k some cars truely won’t lose much value over time compared to this gtr no offense

[@rapidigmhari]

As long as I was paying 270 car payment on my 2011 subaru, I thought to change my car... Once I cleared my payments I don't want to change 🤗. Feel happy for not paying car payments.

[@randymillhouse791]

With ya Hari. 2012 Elantra paid off years' ago. 2017 Honda paid off in August 2023. General tuneups, oil changes, etc. I'm good until they die on me.

[@rapidigmhari]

@@randymillhouse791 Great to know Randy.

[@Ethernet480]

One of the only late model exceptions I’ve seen is the 4th gen Toyota Supra. If you bought a decent one for $60-$80k 15-20 yrs ago, they are worth 4-5x that today if in good shape

[@tristanjones7735]

I would pay off the house and finance the car. Why? Because if something happened and you lost all your money and you couldn't work because of a medical emergency, you could loose your house. On a car loan the worst that would happen is you loose your car. He would probably have a higher payment, and would loose a little more in interest, but owning your house outright is worth it IMO.

[@eazzzyfitness]

At 130k there's quite a few cars you can buy that go up in value.

[@RichardLeo-mf3zb]

My net worth is well over his, and I won't pay over 50K for a new car. I also keep my car about 7-8 years.

[@jomontanee]

Why didn’t he pay off his mortgage before buying the ridiculously expensive car?

[@sbinnala]

A Nissan GT-R will never lose value. New ones immediately sell for over MSRP if someone tries to flip it.

[@Selbach555]

I wouldn’t say never. They still do albeit not as much as the others. However, anyone who really knows cars know how terrible the steering feel and transmission of this car is and wouldn’t pay a dime over MSRP.

[@jimhandler1129]

I'm surprised Dave said to buy this car. He needs to pay off his house. And $14K a month is pretty easy to calculate to $168K a year which is not $200K

[@hichemrehouma5616]

He said net though. So probably around 220k gross pay yearly so yeah

[@chevyracing1080]

What Dave doesn’t take into account is not all cars lose value that are lower production or discontinued and no more are being made.. some hold their value or increase slightly over time. Not ALL cars are liabilities Dave.

[@BlackPearlMusicVideos]

Proof that lots of money and brains don't always go hand in hand.

[@xx.3829]

How much you got smarty

[@ggggg-fo2xq]

oh yeah? because from the sound of it he's got plenty of brains, 180k combined in two of his kids 529's, 400 in liquid, bunch in retirement. 130k on a fun toy is a drop in the bucket for him. you sound jealous. sure he can drive his boring subaru until kingdom come, but he decided he wants to live a little, and good for him, he's done plenty for his kids future and his own.

[@OneAndOnlyKJx]

He has a 3 million dollar net worth. 130k is a drop in the bucket. Relax

[@fastcars514]

Typical comments dont respond

[@wellnessweek3912]

You can not afford it, you only make 150K per Year + you havre a family to take care of.... Bad move...depreciating item....and don't forget...even if this guy pays $130K in cash...the car will still need Insurance,upkeep,etc,etc,etc...so it's not ONLY "130K" .

[@thenegotiator5193]

I agree. I make close to that and know I can’t afford it even with only mortgage debt

[@DriverDude100]

This caller needs to ask his retirement planner if he can afford to buy it. What I heard is that the caller has $800k in his retirement account (which is probably too little for his age and income) and $400k in other accounts. While the equity in his house certainly counts toward his net worth, that amount is not readily accessible and only contributes to his retirement when he sells the home. He is essentially asking if he can take a large portion of his liquid nest egg and buy a depreciating, unnecessary toy. That could have a real impact on his cash flow in retirement. If he doesn’t want to sell his home when he retires and wants to maintain his present standard of living, he could be facing a serious shortfall even without purchasing the car. He needs a careful analysis that is beyond the scope of this phone call.

[@roshard30]

Pay off the house, with your monthly mortgage payment, finance the car. Sell the car when you get bored of it, (Which you will)!

[@BuiltNutritionFitness]

Funny, I eventually want a GTR myself. The Nissan GTR could potentially go up in value with the push for electric cars

[@chuckrose9561]

Especially depending which model

[@sarahconner9433]

Never ever buy NISSAN..... Go anything else.... Watch Scotty kilmore or listen to me

[@shiftautomotive854]

they always in value

[@Yo-gm3le]

@@sarahconner9433 Scotty Kilmer’s content is generally geared toward those who aren’t car enthusiasts, most car enthusiasts won’t care as much about unreliability especially if it’s smth like a GTR which is a weekend car and not a daily vehicle

[@josh3221ify]

​@@sarahconner9433 You actually think Scotty Kilmer is a real mechanic 😂😂😂, I drive a 12 year old Nissan, still drives like the day I got it. Never listen to internet 🤡, I have never owned a Toyota and never had serious car issues in 20 years of car ownership

[@nicholasmartinez6043]

This caller sounds exactly like the guy who called Dave “stupid and arrogant” for not prompting index funds and asked him a while back if he thought he was smarter than Warren Buffett

[@thedopplereffect00]

Index funds are superior though

[@wartrain12]

I'm in interested how he grew the 800K retirement. Dave usually asks about job. Great convo to watch

[@cody5596]

$800k with his income isn’t that hard depending on his age. If he’s 35 that’s very impressive, but if he’s 50 that’s actually less than I’d expect.

[@MrBacon-ou1kw]

@@cody5596 200k is their combined income, it's not as much as you think.

[@omnimoeish]

​@@cody5596 Based on the contribution limits to 401k, it can be tough to grow it very fast. It's gone up every year and currently it's like $23k/year so if you figure he's maxing it out and getting an average of 8-9% return for 20 years, $800k is about right. He's also been investing in two 529 plans and his own taxable brokerage account. With that current income, I'm guessing he's around 50 but what's truly impressive is having like $1.3M equity in his house.

[@AB-jz9ns]

There are certain cars, not many , that will keep their value or maybe even go up. Let’s say a Porsche 911 S or Turbo that is well kept with low miles is almost guaranteed to fetch more than you paid for. I would think the Nissan GTR is on the same or similar level. Unless someone uses it as a daily driver it will keep or even appreciate in value.

[@bigd9040]

If I was him I'd pay off my house as well.

[@xxdachosen1xx]

This is bad advice he doesn’t factor in opportunity cost. Finance the GTR and put $100k of the $130k in the market and let it work for you. Your money should always be working for you.

[@genesultry6447]

“I’m a poor man but I have something a rich man will never have,” "Enough."

[@johngoldsworthy7135]

Eh not all rich people are misers

[@Einalem515]

Amen

[@DonLee1980]

If he were buying a manual NA sports car, like a Porsche GT4, now that might not drop in value over 10 years from now. In fact, buying a $200k Audi R8 might not fall in value either. The GtR will hold better than most normal cars but it won’t appreciate

[@chuong7392]

Buy a used GTR! I love mine and they retain value!

[@lazyrider6918]

There is a 2014 Track Edition GT-R for sale in NJ for $84k with low mileage. Why spend almost double to get 99% of same experience? Just look around and buy one when market drops.OR buy a brand new Porsche Cayman or 718 Boxster for $84K and that will satisfy your desire. I have my s2000 that I paid $14k for 12 years ago in the garage that doubled in value and satisfies my "toy" needs. I get it, I love Japanese sport cars the best, but there are many other choices out there for 1/2 price.

[@sidekickster8917]

Good to see Dave on(even if it's an older vid)

[@zzzarkka]

This is pretty new. She’s the newest personality.

[@amireallythatgrumpy6508]

This was from Monday's live show.

[@jimhandler1129]

Not older video.

[@YingJwo]

With that kind of house value, that is not an asset, that is a liability. Think cost of upkeep, property tax, etc. I’m a little late to the comments but be sure to test drive a car before a purchase. GTR is the most uncomfortable car I have ever driven.

[@joelrankin]

$130K for a car is just... dumb.

[@mikey27437]

Since model S came to being that Nissan gtr is obsolete. Since Nissan begun to wire plasma coat that v8 block that Nissan is obsolete in the power of 2😂

[@mrjack8849]

I am somewhat surprised they didn't say pay off the house, or at least ask what his payments are on the mortgage. I think for me to comfortably buy a car for that much at my age right now, I think I would have to be around $10 million. Of course I wouldn't be buying a car, I would be buying land.

[@slippinslidewayz]

I hear that. I love cars, I mean they are really cool. We go to the track every year for a weekend or more. They're awesome! But they're not cool enough for me to spend that much on them. I'd rather just enjoy my friend's cars and toys, then buy a chunk of land on a lake to call my own. Or maybe in the mountains. On that, I'm still undecided, but it is coming thanks to the Ramsey plan and hard work.

[@Xspeedspec]

Here’s the thing your net worth is different than his and ratios are different. If your cars are less than 10%, your net worth in the ratios are correct.

[@burner2235]

What a stupid purchase you could get so many nice vehicles for way cheaper

[@grantguy8933]

130k for a Nissan come on bro. 😂😂

[@__-cw3dq]

bro this guy is tripping 😂

[@harryhernandez7066]

And you know it's getting a few mods😂

[@john-ic9vj]

I dont understand the fascination with cars. A to B. In the end thats its purpose

[@harbormelody4633]

Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life and this new year shall get you closer to your goals and open more opportunities to you

[@isabellaolsen3265]

Starting early is the best way of getting ahead to build wealth, in-vesting remains a priority.

[@piabohm8454]

Natural, there’s a lot of math involved in f o r e x tra ding,

[@cocom427]

She's also active with this on on Insta gram 👇

[@cocom427]

official.charlotte_fx

[@cocom427]

Let her know you want in and more info 👌

[@Eliddinn]

A GTR is the kind of car that will be more expensive years down the line as long as it’s looked after in my opinion

[@Chinunit22]

Some people call this show to brag to others how rich they are.

[@reese85]

It’s only a brag call if you view it that way!

[@And1one757]

Dont think it was a brag call i have realized watching this show alot of ppl out there liked to be told what to do even if they know the answer

[@markb2860]

a GTR wont go up, but it wont go down too much either. its not going to depreciate like a new loaded pickup or suv. id say go for it, you have cash...enjoy it!

[@MikeSunRiseWest]

If I bought a 130k car I would probably need to also factor in the cost of a divorce

[@ttown918]

Well how old is the caller? That plays a pivotal role in thinking about savings, retirement and what is prudent to spend on a toy. Just based on what I heard, this is a bad decision (to buy).

[@MrMlbfan6]

If he gets the nismo edition is going up like crazy

[@soapa4279]

This. Only that edition. Over time if it’s kept in immaculate condition, a few decades from now I won’t be surprised it could sell 5X the purchase price to a car collector

[@scourgejr.8303]

Yeah GTR’s are hard to find, not like they’ve been making them since 2007. Get real

[@moisescarrillo6991]

he should honestly do it! he deserves it after working so hard his whole life. once I heard gtr I knew he was a car enthusiasts! ❤😢

[@randymillhouse791]

He's going to regret that car when the hospital bills start rolling in...

[@bigbird4481]

Bro needs to pay off his house

[@LittleMopeHead]

If he is a car enthusiast, then pay it with cash only after having the baby steps in place.

[@jomontanee]

Pay off your house first, then car!!

[@vangtk10]

He should honestly pay off the house. GTRs are NOT that special. A paid off million dollar house is.

[@aaronfisher7159]

GTRs are really nice cars. But I’m not sure I could drop $130k on a vehicle even in his shoes