Dave, I Feel Like an Idiot!

[@TheRamseyShow]

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[@javiervazquezz]

The title had me thinking I called in and hadn’t realized it

[@wtk6069]

Funny, it made my wife think I had called in without telling her.

[@jegie]

Lol 😂

[@mr.speyside5240]

Hah

[@fourdayhomestead2839]

I feel for this guy. I did the same thing. Desperation needing a way to work slaved, but now 2 mo overtime to pay it off & get back on track.

[@startingtech3900]

its even my name haha

[@davidliang913]

Feeling upset from this situation is fine. No one can blame the guy. Just gotta keep going when the going gets tough!

[@philt6800]

I was in the same situation where my transmission was shot and financed another car because I was too scared to go from a 10k emergency to potentially losing it all in a money pit. It’s a 12 year old car and I still have it. I felt so stupid when I did that. I was scared I was going to lose my job to layoffs due to Coronavirus so I acted straight out of fear. Following the baby steps sure takes developing a spine and mental fortitude.

[@sterlingw33887]

I love how some of the callers sound so guilty like Dave is their upset parent.

[@caity9244]

Lol 😂

[@caity9244]

@Marc Archibald What is wrong with you? 🤔

[@foolishdrunk2181]

Speaking of cars, mine got totaled on the highway six months ago .....and i walked away with just a few bruises. Thank God I wore that seat belt !!!!!!

[@88niteowl88]

Praise God! To God be the GLORY! Thanks for sharing!

[@dannyh9010]

Given your name, should we be surprised?

[@foolishdrunk2181]

@@dannyh9010 I was sober. The cops gave the other guy a ticket for failure to yeild

[@thomasm5922]

$1000 car will break. $10,000 car will break. $100,000 car will break. And no one really knows for sure when.

[@startingtech3900]

truth my guy!

[@strictnonconformist7369]

More people need to have that perspective. Also, the more expensive the new car price of that car, more likely the more expensive the repairs and maintenance will be!

[@mingchi1855]

You always hear ppl sayin "No!!! Used car is not safe!". Well, those are the exact same ppl wrecking their cars on highways and even parking lot. It's not the cars are not safe, THEY are not safe. Also not to mention, when they bought their "safe" new car and drove for 1 year, it's now formally become a used car, is it not safe?

[@LethalDentCompany]

The more expensive they are the more they break

[@elitebigs2010]

That’s right 100%. All cars break. Some cars break faster then others and honestly that’s why I look into cars that don’t break as often. Look at more reliable cars .

[@boldsign]

Thought the dude financed a car made of solid gold, he's just sweating bullets over a $10,000 car.

[@BengalTiger47]

If he’s pounding his head over a $10k car loan, that means he’s got income issues that need his attention more than a car.

[@choreomaniac]

Sounds like it was maybe a 15-17k car because he used his emergency fund and financed the rest.

[@AH-up8zh]

He will be fine... Just pay it off as soon as you can

[@robindouglas5721]

Exactly, and make it a lesson learned

[@TheShahZAAM]

nah, this type of attitude you get you in this trap again

[@user-ne9wp8ve5u]

Sounds like the caller needs to listen to Scotty Kilmer for car advice but it’s a good thing that he listens to Dave for financial advice.

[@pollopollo3531]

Scotty is the man

[@patty109109]

Yep. Buy a Toyota.

[@nicholascampos1615]

Found scotty a week after I got the car he rocks

[@nickman002]

Rev up your engine

[@06XTOR]

Scotty is a clown..entertaining yes.

[@rashadthewealthcoach]

Dude, you will be ok. This is $10,000. Just knock it out quickly. At least you didn’t go buy a $50,000 truck.

[@Raec123]

My thoughts exactly. It’s only $10k. That can be paid off in no time. I would wonder most about what rate he got for financing it...

[@unscripted483]

Ikr I paid my car off in 2 years it was 10k

[@nicholascampos1615]

@@Raec123 7

[@nicktaylor1003]

@@Raec123 probably next to nothing if he has good credit

[@lamontcunningham5286]

@@Raec123 I don't even think it matters what the interest rate is because he's going to pay it off so fast.

[@financiallift6185]

All he can do is try to not make the same mistake again. Plenty of kids out of college end up buying more than a 10k car and don't realize till way later the mistake they made

[@unscripted483]

I bought my car 10,500. 2014 mustang and paid ir off in 2 years. 10k for financing a car isn't the worst imo but should still be avoided if possible

[@hmmichael438]

Bought a brand new car on payments right after college. Beyond dumb. Never ever again!

[@thematthewyoung]

Just depends on your income and the car price. if you make 40k out of college and buy a 20k car on loan that's bad. this guy buying a 10k car to get his family back to his job is totally fine. better than buying two 5k cars that break down back to back. our household income is around 100k and we got a 15k Chevy Malibu on a 4 year loan and only ended up financing 12k. the loan is under 10k now within a year of regular payments and soon we will have the whole thing paid off. it's about perspective. sometimes the 2k in interest you end up paying is worth the reliable car, the factory warranty, etc. just make sure not to just think of yourself as an idiot for buying a car on a good deal with a small loan to keep making the money for your family

[@foford2010]

I guess the Kia was Killed In Action. I only bought Toyotas when I was broke.

[@anita4332]

@Beyond Tribalism He drives a ford 😆

[@giovannijmendez]

there are plenty of decent toyota’s and honda’s out there for $5,000 or less. if you buy a $5,000 and it only lasts you 3 years, you made your money. a lease at $300 / month over 3 years would have been $10,800 in the trash.. not to mention the higher insurance costs. Most likely after 3 years, the $5,000 car will still be running & you could sell it for $1,000-$3,000, making it an even better purchase! There’s a toyota camry near me for $4,000 with 109,000 miles! it looks mint too. that car still likely has more than double it’s life left!

[@Aznmf]

Toyota for 5000 is extremely rare. Most have 500k miles and had a good run. Decent toyotas are 10k-15k even with low miles

[@CerronPritchett]

My next car will be a Toyota or Honda

[@kevinkidneyy]

Yup got my Camry at 70k mikes for $6000 , now its at 223k miles . Saved a ton and easy maintenances do my self

[@kevinkidneyy]

Joshua nooo you must be looking at tacomas . There are plenty of Camrys and corollas for cheap . Scion too

[@kevinkidneyy]

JoeAceJR nope 2007 Camry 223k best cars . Burn little oil who cares add oil . Better than a car payment .

[@1.5Koreans0.5American]

Dave: "You did something stupid, does that mean you're stupid?" Him: "No."

[@Finestizpro]

Funny he had an actual pause moment😅

[@BeccaWebsterx]

Hope everyone has a great day today 💛

[@mikehonchoboi]

Same to you!

[@cancel.lgbtq.6892]

Would be better if you can come over and help me clean my house.

[@BeccaWebsterx]

Mike Honcho thanks you (:

[@KYNiyd]

You too Becca keep the Faith

[@Hilbrandi]

Thanks 😊

[@StrengthResurgence]

It would be frustrating to be that close to paying off all your debt and then have this happen, but if he’s worked hard to pay off all his other debt up to this point, I’d be willing to bet he can get this cleaned up rather quickly. Never a fun thing, but discipline equals freedom.

[@michaelwoods4495]

Try this bit of an old Fred Astaire song: Nothing's impossible I have found, For when my chin is on the ground, I pick myself up, Dust myself off, Start all over again. Don't lose your confidence if you slip, Be grateful for a pleasant trip, And pick yourself up, Dust yourself off, Start all over again. Work like a soul inspired, Till the battle of the day is won. You may be sick and tired, But you'll be a man, my son! Will you remember the famous men, Who had to fall to rise again? So take a deep breath, Pick yourself up, Dust yourself off, Start all over again.

[@mr.speyside5240]

I get what Ramsey is saying but $10k isn’t that bad. He at least found the middle ground.

[@exaucemayunga22]

It's crazy how people are still blind about this issue. I bought my first car at 18 for $1500 and another one this year at 20 for $4000. A 2007 Suzuki and a 2012 Nissan Sentra. And they both run good with no issue. I always tell my friends to pay cash for their cars and I'll never make payments on a car (unless I'm really really rich and bored with no debts)

[@saiga12forme88]

Well said man. I have friends that won't listen either, they go into debt $20K for a new car because they couldn't afford a $400 fix and they justify it like "I'm building my credit". Building your credit for $20K debt and 10%+ interest on top is not worth it. I was surprised I hit 800 credit score with one credit card that I pay off every month and have yet to ever spend a penny in interest. Not everyone is fortunate enough but people impulse buy the 2nd biggest purchases they'll ever make.

[@shaloon64]

I pay $75 a month to insure my 1999 subaru that I've owned for 5 years whilst my friends bought newer suvs where they pay $275-$300/mo. That's $200 more per month, in 3 years that extra insurance cost pays for my whole car.

[@exaucemayunga22]

@@shaloon64 this is why you won't even find 5 cars that you can buy cash when you go to a dealership. It's always the financing option because they know that's how they grab our money.

[@donjohnson1416]

You are gonna be a MILLIONAIRE when you are probably 50 or sooner!! Good for you

[@exaucemayunga22]

@@donjohnson1416 thank you

[@TheLuxeTraveler702]

It was only 10k. He'll be fine. It probably would have costed upward of that to rebuild the engine in the old one. Like they said, just sell it soon as you find a cheaper one.

[@Kysen10]

he said it would take a year to pay off meaning he isn't earning much.

[@ethangamer3173]

How did u get so smart LUX TRAVELER ?

[@taemac10]

@@Kysen10 A year to pay off $10,000 is great??

[@whitetrashgarage8110]

A motor for his car would be cheap to get from an auto salvage yard. Maybe $500. A weekend in the driveway with a mechanical buddy and you can swap the motor. Provided the rest of the car was in decent shape its worth it.

[@melissa99435]

I’ve been there too, was in a car accident and felt so rushed since my ins co wouldn’t pay for my rental for more then 3 days & I had the worst experience with the dealer.

[@PlainAndChelsea]

Same situation happened to my coworker! :/

[@TriceMDona]

Basically, it was an emotional decision. I never thought of it that way.

[@ludens1526]

The most I’ve spent on a car was $6,000 so far.

[@ssh6706]

Most I've spent is $4,000 cash, then $3500 & then $3000.. All with cash. Now I'm saving up for my future car 👍

[@yashpatel3123]

And than spent $200 monthly to fix it and keep it running😂

[@ludens1526]

@@yashpatel3123 lol my mustang been running strong for almost a year now.

[@yashpatel3123]

@@ludens1526 you are lucky then. I bought cheap 3000 car twice, even got it checked out by mechanic before purchasing. Still I was spending about $400 a month to keep it going.

[@jayrocastro2951]

I bought a 1999 toyota Avalon at the public auction for $550 with 289k miles one year and a half ago and the white goose is still driving strong and if it breaks down I'll be back at the auction again. Got love those beaters

[@1996islandgurl]

Jayro Castro those cars are the best! I had one and it barely gave me trouble.

[@appleiphone69]

I drove so many hoopties in my teens and 20’s. I rationed my mileage only for bare necessities. When I finally bought a brand new car I was crying because I finally didn’t have to watch the gauges and listen for impending doom.

[@joshmatthew4125]

Good call! Great response!

[@TuyetNguyen-pp2ew]

We make too many excuses just to have payments. I was there at once... never again.

[@idadho]

If you break a timing belt in a Kia, the engine is destroyed. Not replacing the timing belt on a conservative schedule is very risky. KIA, Killed In Action. Is printed on the car body.

[@annagilda1]

Not just KIA’s dude it’s a common problem.

[@idadho]

@Marc Archibald I'm not ignorant or stupid. KIAs are one of the worst interference engine brands. A Toyota will be repairable with usually a head job. In fact, just a few valve stems. A Honda will, too. KIAs, Hyundais, and BMWs end up needing complete engine rebuilds. KIAs are a common cheap used car that bite a lot of budget conscious vehicle owners.

[@idadho]

@@annagilda1 KIAs are one of the worst. Toyotas just need a valve job. Most interference engines just need a valve job. KIAs destroy the engine.

[@Semiam1]

Really good advice. You go to what you focus on.

[@QuestionEverythingButWHY]

"Doubt kills more dreams than failure ever will." -- Suzy Kassem

[@thepilgrim1842]

Wow I like that!

[@thepilgrim1842]

You know a lot of quotes!

[@pic376]

That's true. I always go with my instinct. It's always right 99% of the time. Not lying.

[@bellmattwebb]

I have never paid more than 5k for a car for over 20 years (five different cars by the way). Going to try the total money makeover. Seems like it's going to be pretty easy to do this part of it.

[@bluecollarmoneyinvestingch396]

This is why I drove beaters that cost less than 1/5 of my income

[@Marcionsblackhand]

A cheap car is cheap for a reason. Don't feel bad for buying a $10k car instead of paying to maintain a POS with late to work/can't work written all over it.

[@QuestionEverythingButWHY]

“Always take the high road, it’s far less crowded.” --Charlie Munger

[@liamwelsh5565]

2007 Kia. There's your mistake. If you're gonna buy an old car, buy a Toyota or Honda. Often times the car will rust beyond being safe before the engine or transmission goes.

[@marymcmann9546]

Sounds like my 2000 Toyota Camry! She runs like a dream but has some rust & hail damage.

[@AvalonMisty]

excellent advise..one of your best Team answers! carry on Gentlemen

[@TheGoat-qw6jb]

Buy a Japanese car. Affordable and the MOST reliable. My 2003 Camry looks amazing and I paid cash for it and it has not given me a single problem💯

[@michaelh5055]

You can't kill a phucking Toyota if you tried 🤣 They are like old Briggs and Stratton engines from the 80s.

[@warwagon]

What do you do when you fall off the wagon? Lay there paralyzed because you broke your neck in the fall... oh wait.

[@thecatnextdoor12]

You dust off.

[@MsJoyce31202]

🤭

[@deropol05]

At the end of the day we are only apes with car keys

[@RR-us1lt]

...and opinions

[@BadBrad119]

all cars have repair costs, and one of the most expensive repairs are to replace and change over tires.. People get stuck in the fallacy that somehow a more expensive new car won't require maintenance, but thats false. Thats why I have put almost $1000 in maintenance into my $1500 car, but at least I didn't buy a $25,000 car that would now be worth $10,000 absolute max and still paying for it

[@kellyy9349]

If you buy used, always check the consumer report on reliability of that car. Second, take the VIN# to dealership and check If previous owner did regular maintenance on car. Otherwise, not worth it. Third, get a carfax report. Forth, mechanic inspection. Finally, more homework you do, less pain later!

[@dcrewakds]

KIA’s are better now, but 2006 no señor! Caller needs new friends and probably an honest mechanic

[@lesterparker1594]

Bingo. If you’re buying used, do yourself a favor and just buy a toyota

[@livefreewithcalebd]

We all fall off the wagon. Especially under duress, the key is to acknowledge it and learn from it.

[@Exxon300]

Amen

[@Intellistan]

Perfect example as to why 1000 isn't enough anymore. One months expenses, plus insurance deductibles. 1000 isn't nearly enough to bet the foundation of your financial stability and future on.

[@BYOB561]

True to an extent, it’s more attainable than 2-3k. Some people might get discouraged trying to save that much when they already can’t save. It’s all in the minder. If you can’t save 1k then your for sure can’t save 2-3k.

[@truthlove1114]

Toyota and Honda’s can go forever and ever as long as basic maintenance is done

[@m_spade]

Exactly! Problem is he bought a Kia

[@lesterparker1594]

Bingo

[@nancylgonzalez6881]

It’s sad but sometimes people don’t have choices and do what they have to do. Living in so cal you absolutely need a car work can be 30-50 miles away, no public transportation headed in that direction. No money =Desperate decisions. Much love 💕

[@ProMountainBiker]

Financing a $10,000 car is not a terrible idea

[@r.j.lindzee6432]

It happens sometimes. I went to my bank to get a loan for $5,000.00 and ended up with a ten thousand loan to get a nice Nissan Altima from a car lot that my bank owned. Still have the car and five years later, it still is a great car. So the payments were worth it. I just had to throw all my extra money to getting it paid off asap. Getting it through my bank had provided me with a low interest rate.

[@mermaidshawna8664]

The odds of another cheap used car breaking are actually pretty good, not like lighting striking you twice. He got a moderately priced car

[@bettysmith7045]

this guy's problem is sooooo minuscule! Stupid would have. been financing a car he couldn't afford, like 30 K or some other ridiculous number! Forget it, pay it and move on! You buy a hooptie and you end up shelling out thousands in repairs, buy a newer used car and spend the extra money now instead of later!

[@clarifyingquestions]

Betty Smith - that is his point. he cant afford it, hence the need to borrow.

[@bettysmith7045]

@@clarifyingquestions if he can pay it off in a year he can more than afford it!

[@clarifyingquestions]

@@bettysmith7045 I gu.ess some people believe that debt is always an option. I am not one of them. I am old enough to remember a time when there was no such thing as credit. We paid cash for everything except a mortgage ( min. 25% down, 15 years, pmts did not exceed 30% of out monthly take home). Dave R and many,MANY like him are millionaires from coaching people to not do what you advice. Any time you need to borrow an alarm bell should go off that you are living beneath your means. So spend less and/or make more. How will he and others like him get to saving for retirement and building wealth. Americans are just so in debt that to them what s 10k better than 30k. Yikes! All the best:)

[@amberpeace7477]

I started over like five times from bad relationships I am in the best spot in my life now then I have ever been

[@wmarkj]

Wait. He heard Dave while in the office and didn’t stop the deal?

[@alexfonseca2063]

Dave drives anything he wants because he was smart enough yo create a powerhouse of a business. It has nothing to do with him driving junk.

[@rm2kmidi]

Yes, but not being in debt helps long term. You have way more options. Driving junk cars is way better than financing something you can't afford

[@alexfonseca2063]

rm2kmidi I agree with you.

[@BrianVelez]

Every time they say they’re from Florida I’m just like: 😬

[@jkpiii4513]

What does that mean?

[@beastfromtheeast9318]

Florida is the best state to live in. Nice beaches, no state income tax, good job economy, good housing economy, no earthquakes...

[@MrTofu13]

LOL! We love florida.

[@thecatnextdoor12]

It's a default state, if they don't want to say where the caller is really from, they use Florida.

[@rayj.9568]

@@jkpiii4513 , Lately, Florida seems to be in the news for people doing foolish things.

[@hdrk59]

Thank you ...I almost made the same mistake

[@FightForTruthMedia]

DAVE IS THE ABSOLUTE MAN! He inspired me to create my own Christian KZbin Channel to refute the lies of cultural Christianity! Check it out!

[@myronpriest4935]

One thing that I got out of this is I bought a Ford Taurus with no AC LOL

[@TurboDub1991]

The car that died was a 2007 kia, IDC what model they all were cheap to begin with

[@FOT2010]

Tomorrow isn’t guaranteed. Don’t hesitate, drive what you want while you still have your health and youth. A 60 year old in a Lambo is like putting lipstick on a pig.

[@Aznmf]

Financed a 10k car? How is that stupid? Used reliable toyotas are that much. Stupid is 60k BMW m4 series... not a camry

[@michaelwoods4495]

"Do you know what I drive now? Anything I want!" Me too, but I try to be clever about it. Did you know that mechanical parts are identical and interchangeable among these pairs: Lexus-Toyota, Infinity-Nissan, Audi-VW, and possibly others too. When we owned part of an auto shop we'd have the service writer ask the customer whether he wanted the Lexus part or the identical Toyota part made right in the same plant but with "Toyota" on it instead of "Lexus"; but if he wanted stay pure Lexus we'd do it for him. And in Germany, the Mercedes brand is just an ordinary car--maybe BMW too but I don't know about that. If you want be impressive, buy the expensive one. If you just want drive a great car, buy the other one for thousands or maybe tens of thousands less.

[@justinacase2623]

My bumper sticker sez, my other car is a 401K

[@jimmyboyles2868]

@ihategooglespooks Honda = Weak automatic transmissions.

[@patty109109]

Had a friend who would buy Honda oil filters for his Acura. Same part, much cheaper.

[@Jen1112111]

when people see a fire and know it'll burn them, but still proceed to put their hand in the fire, and then they cry about the burn they saw coming and caused.

[@southbayla3137]

I bought a 2020 corolla hybrid and I feel like a winner . Not a loser . It’s a good car good mpg it’s worth every penny it makes me lots of money . I can see my self paying off in 3 years but I’m really living life and paying bills

[@lisanorris7436]

Try adding a line into your budget for contingency. This isn't your emergency fund. It's just for when things break or need replacing.

[@paulstandaert2042]

Oil is cheap, engines are expensive. You can replace whichever you want.

[@camillemarie178]

I currently have no debt and an extra 6k in cash (that doesn’t include my emergency fund.) I have had my same car for 6 years now and I’m trying to fight the urge to finance a car😩

[@xxtoptankxx6873]

You could sell the car and add a few thousand to that to go up in the car world. But if you love the old car. Don't. Fight the urge. You can do it

[@DoTheDomThing]

Just pay it off as soon as you can. Sometimes you just have to do whatever you have to do to get out. It’s always good to take a step back to breathe and look things over before committing to money matters or long term decisions. Just take caution to the hole you dig yourself in and don’t dig it deep.

[@TheDjcarter1966]

Of course real life never hits Dave because he lives in a bubble...if you have no transportation, no money and so you blow your emergency fund and tomorrow you need to go the the doctor and its $50 or whatever it's always easy for Dave...real life for poor people is another matter completely.

[@Martin_3030_]

Should’ve bought a silver ‘94 Toyota celica..

[@lovethemflowers]

Scotty refused to sell it to him. 😉

[@thecatnextdoor12]

It looks almost like a Porsche.

[@RawwVeggies]

I feel so crushed... Dave: HAHAHAHAHA

[@zacharyvail9043]

I have been struggling with this for a long time. All my friends have car loans. My current car is paid off but I don't feel good about my car despite knowing its the right choice.

[@adrianbruce6736]

Save your money and buy a better car that you would love..

[@appleiphone69]

You don’t have an anchor holding you back.

[@NeededGR13F]

What kind of car is it?

[@maryrenaud6732]

Zachary Vail My husband wants a truck. But...we have a 2011 Honda Accord with less than 90k miles, no loan. I figure we have at least 10 years left on it...so, then we will think about it...if ever since by then we will be pushing 80...imagine all those years with no car payments!

[@thecatnextdoor12]

Hi Dave, I am on the baby step 6, can I splurge on a large pack of ice cream, or should I wait until I am on the baby step 7?

[@kshitiz06]

Only if that ice cream is made up of frozen rice and beans

[@thepilgrim1842]

kshitiz06 XD

[@thelastmemphian]

Sell ice cream and buy 25 year old honda

[@jamilibilybob4558]

Sell the car first honey

[@patty109109]

kshitiz06 rice cream?

[@Raec123]

Personally buying a car is something I wouldn’t skimp on. Since it transports my family I want to make sure I get a reliable vehicle for peace of mind and longevity. If you have good credit then you should be able to get a good rate.

[@thecatnextdoor12]

I agree with first two sentences. Finally some common sense. My safety is worth more than money and I'll buy the most secure car I can buy.

[@Raec123]

The Cat Next Door yes, I meant in terms of he had to finance $10k, if I didn’t have the $10k or if I wanted to keep it liquid then I would finance if the rate were low, it would be worth it to me for the reliability. My rate when I got my Honda was 0.9% so my interest was less than $5 month.

[@shola7987]

People are gonna do what they want no matter how much advice they get.

[@aquaticasmr184]

I have a 2005 vw 250k Miles gonna keep driving it A engine is 500 I could install it but i don't have a drive way 1000 for install Your emergency fund covers it Ive been mixing major issues on a car other people would give up on and once you get through the issues its treated me amazing

[@mattyp3119]

10k car is not a mistake.

[@taahdaah3813]

I wish we had more information on this guy's financial situation.

[@Eric_Bassett]

Im glad this finally came up lol! Dave is always like "go get you a 1000$ car!" Like yea some people get lucky and buy a good car from a private seller for cheap and its a decent ride but in reality most 1000 dollar cars are not reliable transportation and will likely leave you stranded with a tow and repair bill!

[@lesterparker1594]

Bingo

[@mr.boostang2064]

I tell everybody the same thing, if you desperately need a car buy a $3,000 2000 Camry 4cylinder, those things are unkillable if you change the oil regularly

[@chrisrush3513]

You can find late 96-2005 Buicks with a 3800 Series II for CHEAP, and they are fantastic and comfortable cars for under $3000, and most of the time they have 140k miles or LESS. Hondas and Toyotas in that price range usually have over 200k miles and they're nowhere as comfortable.

[@john_dee1431]

Story illustrates the dilemma of used "cash" cars with never-can-fully-know history. Sometimes, the answer is a balance in between, not the extreme. Cars with 9+ years on them can very well be 'lightning striking twice.'

[@ukrd94]

Paid 3900 for 04 my Corolla in 2016. Car is amazing. All I changed was a few sensors which my dad did half of them himself. Thing runs like a champ. Price has nothing to do with it. For that money, they could have gotten a car each.

[@michellegrovak]

I know what the guy was feeling. But if you follow Dave's plan you will get to the point you won't be afraid your engine will blow. We are there.

[@TheLadyFool]

No - fear did not cause him to fall off the wagon. His lack of a sufficient emergency fund meant that he financed a car in order to get to work to make the money that's allowing him to pay off debt. The $1,000 emergency fund is absolutely better than nothing (and it's more than a lot of people have saved up), and this advice works a majority of the time. But when it doesn't work, you get situations like this and it's one of the legitimate criticisms of the Ramsey method. While he's evaluating what his "beliefs" are about money, maybe he should be asking himself if he believes Dave Ramsey's method is perfect. If so, then he'll either pay the car down as fast as possible or sell it. If not, maybe the baby steps written in stone aren't for him and he'd be better off saving up a slightly more robust emergency fund. This is why personal finance is just that - personal.

[@rayj.9568]

@Celia Rae, Accurate, well thought out comment.

[@lanceknuth5300]

"I'm old. A year-and-a-half ain't much."

[@clair233]

Dave's response was perfect

[@murderouskitten2577]

1:00 well ,yeah , he does has that sign on his head :) Atleast it is only 10k , not 1milion 😂

[@bgibson5517]

enjoying 7:34 active listening.

[@HatedJared]

The whole "Get a mechanic to check it out" phrase doenst really work. Mechanics arent taking apart the engine to see if valves and cylinders are in decent shape. They just look to make sure it has fluids, isnt leaking, and has some spark plugs in place. Which is something anyone can do themselves. You dont know the shape of a car until it blows up one day or doesnt.

[@donald1056]

It cost a lot less money to fix and engine than to go in debt for a different vehicle

[@jawilson2405]

I used to but 1k-2k cars each year. I got tired of it and bout a 10k car....not worth it

[@stephenshelton4267]

_"Stupid is what stupid does"_ - Forrest Gump

[@clarifyingquestions]

He knew better, but he did it anyways? Sounds like he panicked.

[@aguyandhiscomputer]

Correct, Dave wasn't upset at the price, he was upset that the caller made a quick decision.

[@ease3715]

Doesn’t matter if you finance or cash out it’s a high possibility it can break down regardless.

[@kyleholcomb0137]

The bread and butter is finding a compact car 2 years old for about $9,000 ish. Not a truck or SUV. I actually pull my dirt bike with a mini trailer with my Ford Fiesta like in Europe. Lol

[@zach4216]

My favorite part of the video is when they guy on the left wrote in his notebook.

[@ThinkMoneyBenny]

Burrower is always beneath the lender. Start lending instead of burrowing.

[@mikenelson8377]

No way. You won’t see the money back

[@joethebar1]

@mike- never lend more than you’re willing to give

[@ThinkMoneyBenny]

@@mikenelson8377 that's not true. know who you are lending to. i lend all the time and collect interest.

[@mikenelson8377]

Think Money you’re just some bot or spam; just stop 🤦🏼‍♂️

[@ThinkMoneyBenny]

Mike Nelson 🤦‍♂️ sure. That’s what a haters say lol

[@danhall5761]

Do you guys not get company cars in the USA? I get insurance, maintenance and a brand new ford for 130 a month.

[@thecatnextdoor12]

Yes, if you're a truck driver, you get company's car.

[@poemsaloud]

As a side issue cool off the friendship with the guy who sold you the car....

[@thepilgrim1842]

Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time. Thomas Edison Never give up! You can manifest you dreams!

[@lindaparks4486]

....just make sure it can pass inspection and emission. Hooptee are harder drive on the road but possible