How To Make A Smart Car Purchase

[@felixf4378]

Stop telling people not to buy new cars. I don't want competition in the used car market.

[@majsdhar9308]

Buying New cars causes Debt and they lose value theres NOTHING good about a used car except ur bragging abt it

[@Jojoloreoluwa]

😂😂😂😂😂

[@georgeswanson697]

Majsdhar my dad has bought new cars for the past 17 years and still ended up a millionaire. No, he didn’t win a lottery or got a high paying job. He’s been working for the same company since 1991 and just manages his finances nicely. He doesn’t buy used cars because he has a history of buying cars with fake mileages or even cars that straight up required a big repair. He always says “You never know what you’re really buying when it’s used” and he’s right. For some people, especially those who can afford it, buying new cars is better. Even though I’d still advocate for buying used because even with repairs, it’s gonna be times cheaper than the new one. I guess some people just don’t wanna waste their time and nerve on the potential risks.

[@lmao6]

@@georgeswanson697 buying new is fine, just don't get something overly luxurious just because you can afford the monthly payments, or of course just pay it full cash

[@MarkyD94]

@@lmao6 Why waste the extra money that could go into a retirement fund or something more useful? I bought a 2007 Honda Accord with 70,000 miles on it that will get me probably 15 years or more for $6500, I could of saved the cash for a new civic ( about $21,000) but why not use the $14,500 on something more important. Its all about priorities, retire at 50? or drive a "NICE" car with creature comforts?

[@abdulhai93]

Buying a car to get to work. Going to work to pay off the car 😄

[@whitegoodman7465]

So fckn true man

[@selfimpovingprophecy5970]

@Milan Well if you live in a small city like me the bus only takes you so far and not all places have stops and walking in Minus 10/20 Celsius is not fun. The amount of times I have slipped or almost fell too many to count.

[@kevintunaley5079]

@Milan they do but the public transport system in the US is lacking and I can not take a Bus to work as one does not go that far

[@EuniceCChina]

Could not be closer to the truth

[@sidharthchand8072]

Ahmed Ismail there are tons of used cars in USA, you can Uber and Luft to work till you find the right one

[@Damious100]

Car Insurance these days can be so high it feels like another Car payment.

[@carolinapride5524]

Insurance nowadays is run by the federal mofia!!! We have to pay for the people that drive without insurance... The ones that play by all the rules always take the hit!! We are also the tax payers..

[@hbarudi]

@@carolinapride5524 Not in Ohio, they clearly state if you drive without insurance, police take license, police put you in jail.

[@lorenzocooper5489]

@@hbarudi How does that work? In my state you have prove that you insurance or they won't let you register the car.

[@spooky2125]

the truth hurts deal with it look into root insurance. Your premium will be cheaper if you get accepted. They only allow people with good driving records in there insurance.

[@Haveyoueverbeenswallowed]

I agree, but I also say shop around. I have noticed that 2 agencies can give you a quote for a policy coming from the same company, but the price can be significantly different. I dont know how they do all of that, but I've seen it. I simply shop around, and obviously you should still have active insurance. Dont just go go your local big insurance agent, I've gotten the best prices with the best coverage on policies from the smaller 3rd party insurance agencies.

[@jagotiberan2181]

Never tell your dealer that you’re paying for the car in cash UNTIL you have agreed to a purchase price that you like. It is NOT a stronger negotiating position.

[@kablah777]

This is 100% true. They always give lower prices if you finance because of their sweetheart deals with banks. Write the check for the purchase price when you are in the finance office.

[@jagotiberan2181]

@Arslan Ihsan how a normal dealership works is that you agree to a purchase price with the car salesman on the floor before ever walking into a finance office. During this haggling is when you should be careful to not expose that you are dealing in cash. Once you get to the finance office is when you can pay for it, either cash, or via their financing, or via your own bank’s financing.

[@ChaceBonanno]

@@jagotiberan2181 this usually won’t work. The dealership will be like “okay well this price was if you’re financing through us. If you want to pay cash, it’s more. Your choice.”

[@jagotiberan2181]

@@ChaceBonanno Then you walk. Because that’s super sketchy. Either that or say something like: “How am I supposed to do that? You want me to believe that suddenly the car is more expensive depending on how I pay?”

[@shword]

I’m a car salesman and this is true. we get money from the banks when you finance with us. a lot of the time we can beat your rate so it makes sense to but if you’re cash, there arent discounts for cash deals. We’re not making as much $ off you than if you financed si why would we lower the price?

[@LifeOfCod]

Im 19 driving a 2001 monte carlo. paid $500. My bank account currently has $41,000. Thanks dave.

[@bmcfsu_]

How much does it's insurance cost you?

[@josearriaga2864]

@@jeevang7853 catch up I'm 16 years old with 71k in the bank

[@newlevel7823]

Jose Arriaga I’m 16, with 72k in the back😅

[@camposcreations2323]

I'm a 6 month fetus with $400,000 in the bank

[@David-cm4ok]

@@camposcreations2323 I'm a twinkle in my daddy's eye and I'm retired.

[@MiguelRPD]

Got a 2003 Camry 140k for $3k. No problems for 3 years now.

[@francismartinez6049]

Miguel Angel Medina Rise those Camry will run forever IF, key work "IF" you maintain them. Got a 93 Camry with over 700,000 highway miles. Original engine and transmission. Enjoy the car

[@Darrencardinal]

I have one too with 156,000 miles. No problems super reliable these are great cars.

[@MiguelRPD]

Darren McIntyre did you replace the head unit yet ?

[@Darrencardinal]

No it hasn't needed it.

[@Darrencardinal]

But I have replaced the relay that goes in and out that makes the a/c less than 100% reliable

[@kapildeshmukh7878]

Thanks Mr. Ramsey. I'm from a third world country with really no emphasis on financial literacy and your videos have helped me create an action plan to become financially sound. God bless you.

[@sasyaharry4046]

Kapil Deshmukh The country has no obligation to teach you anything.

[@petepete1830]

Sasyaharry he's more than likely referring to the culture and education provided to him

[@atmgta]

Assuming you are from India, I would not refer it as a "third world country".

[@bradenrodriguez5183]

Ignore the above replie,s Kapil. Good to hear you're on the right track! Keep going!

[@tnimblett]

Same here. The debt snowball is one of the best concepts I’ve heard.

[@Genesis-ox8ov]

"V-Hickle"

[@N_B_123]

😂

[@59Fif]

SunAtSunrise sounds like a cop to me😒

[@waynew.cheney2588]

Restrunts

[@Pharaoh_The_Great]

That’s a baby boomer accent lol

[@raccoonski]

please, step out of the vee-hee-kill!

[@lstewartproductions]

Once you don’t have car payments you can never imagine having them again.

[@TF-MJ]

My name Isalwaysjeff exactly what I was going to say!

[@disneyfan9099]

My name Isalwaysjeff Not True

[@megatronboads]

You can if you're patient, and don't blow the rest of your money. There is obviously the exception, but even then, you can buy a $1500 civic and it could last you 5-10 years..

[@dirtyblonde9919]

I know what you mean. I drive a 2006 murano and it is still a really nice vehicle for my lifestyle, I don't see a reason to buy another car unless this one dies completely.

[@roxannegordon6162]

Hi Haiden. My 2008 camry just yesterday April 2019 rolled over to 200,000 miles. I took a picture of it to remind myself when it rolls over to 300,000 miles that I made a great purchase. hahahahaahaaaa hope it's true. I'm driving this buggy into the ground, then walking away, leave it.

[@mikefannon6994]

Hate negotiating. I've bought cars over the phone. Go to dealers or sellers, look at car, test drive, then leave. Do your research, call the salesman, tell him what you will pay, tell him or her to call you back - yes or no. Take away emotion and b.s. Your terms, not theirs.

[@leonardyoung6821]

For someone who hates negotiating, you sure put a lot of effort into it. LOL.

[@paulvanaman4104]

I bought a Toyota Corolla brand new in 2004 (14 years ago) It just turned 100,000 miles, the ONLY repair out side of regular maintenance was a intake manifold gasket. The best car I ever purchased!

[@rudychavez7934]

Bought new 2010camry always keep up on the maintenance car has 425thousand,miles next car will be used

[@agoogleuser9218]

you can't go wrong with a Toyota!

[@braxtonbrock6430]

I could bet my life savings that car is still kicking 10 years from now 😂. My 04 camry has 250,000 and she is smooth

[@ICG_1687]

​@braxtonbrock6430 that's what I'm looking into now, I currently drive an 07 chevy malibu which I plan on driving until the bitter end currently has 187 m on it. I hear the camrys are good. I also was looking at the ravs. Reading through these comments for suggestions lol😂

[@braxtonbrock6430]

@@ICG_1687 I will forever stand by the 04 camry, I have the LE and only have had to do the basic maintenance. And it can still hit the 120mph limiter at 250,000 miles no issue 😆

[@joonyaboy]

A used Honda Civic is one of the best deals around. Cheap and easy to work on, tons of used parts available, lots of KZbin tutorials and inexpensive aftermarket replacement parts.

[@caseyvandyke7051]

Are these still affordable?

[@johnsradios484]

I agree with used cars but used are not so cheap nowadays! Not Toyota , not Hondas. Especially if well maintained, one owner etc etc etc..

[@1439smoke]

I've purchased vehicles from auctions for great deals. Just bought a 2017 Hyundai Elantra SEL with 30k miles for $5,087 out the door with fees just needed a front bumper cover, driver airbag and front seatbelts that locked up during a very small minor front end collision. Cost me in airbag, seatbelts and airbag module $600 in parts and was able to ziptie my front bumper for now, no fender damage, hood damage nor frame damage litterally just front bumper/grille. Vehicle came with window sticker msrp in glovebox with a couple dealer add ons was $23k just 2 years ago and im under $6k into it and have a very nice reliable car for many many years so don't overlook unconventional places like auctions

[@650tonyd]

Salvage title

[@chadlongjr.7416]

My first car was a $300 1999 Nissan Altima. When i finally retired it it was at roughly 345k miles. Drove it for 3 years and only repair i ever made was spark plugs.

[@dublbz1]

Bought a 98 Impreza ten years ago for $1900 with 150k miles. Past 300,000 and still going strong.

[@Gavi-144]

5 years later, is it still going strong?

[@oh_ze]

Saved for three years....and replaced my 2006 Honda jazz. I studied 4x4s for two months and test drive different models. Today I paid $21,000 cash for my used 2015 model SUV and got it 4k off the asking price. We are a growing young family so I plan to drive it for at least another 7-10 years. Thanks Dave for reminding me it's better to pay cash. BEST FEELING!

[@Jah18769]

21k in cash, you probably could of got it even a little more under asking price. That’s great though

[@jarmerap]

Bought a 1000 dollar Honda Civic 2 years ago. Put maybe 500 in it for repairs AND maintenance. I gotta fill it with coolant and oil occasionally, but it runs great!

[@mikestevens2053]

Dave's savings example is highly exaggerated but his main point is correct: don't be on the wrong side of compound interest if you ever want to have financial security. Drive what you can afford to drive.

[@fisherofmenmatt4194]

Actually his math is correct, it is a rough estimate but it is not highly exaggerated as you claimed, and that is only if you meet the S&P 500 average. Following his plan would lead you to buy mutual funds that beat the S&P 30 year average.

[@mikestevens2053]

@@TristenHernandez read my comment more carefully Tristen. In no way do I suggest you go against his advice. Just saying, Dave frequently exaggerates for the sake of emphasis and entertainment. He’s a radio and Internet personality after all.

[@braxtonbrock6430]

@@mikestevens2053I agree mike, and everyone using 10% for their compound calculations when its really closer to 8%

[@lennoxmutterick6434]

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.

[@BrandonIvan-c6e]

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]

@@BrandonIvan-c6e 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]

@@lennoxmutterick6434 Oh please I’d love that. Thanks!.

[@lennoxmutterick6434]

@@BrandonIvan-c6e Clementina Abate Russo is her name.

[@lennoxmutterick6434]

Lookup with her name on the webpage.

[@Neilram2001]

I’m paying off my car in literally one hour. Thx u guys.

[@asensibleyoungman2978]

What's the interest rate on a one hour loan?

[@10RBREEZY]

I'm so proud of you!

[@RawDogTV]

lol

[@bettermebetterlife8975]

Look back at this moment. Remember to never want debt again.

[@situated4]

What are you driving in 2024-25?

[@2hotFL]

Paid cash for my Honda Civic SI 20 years ago this coming April. It's still going strong.

[@chadhaire1711]

We get it--you are a loser

[@brunomillalaf8553]

That’s dope.

[@10RBREEZY]

Wow! You're saving so much! Smart move on your part.

[@kingbran923]

I often take Mr. Ramsey's advice but on the other side of the coin, if you think about saving money for the rest of your life most be will be 50+ years old before they can buy the things they want and enjoy life. Remember guys, it's only money you can't take it with you when you die, don't wait until you're grey to start enjoying life, you never know how much time you have. Now that being said, don't be stupid with money, don't break your bank trying to buy a stupid expensive car but if you've saved up for it, buy it and don't feel bad.

[@hangryturtle9006]

I agree!!! Some people live like they’re holding their breath, I gotta live a little bit now!

[@disciplinedwarrior]

How can one really enjoy life with a huge installment to pay every month? How can one enjoy a fancy car if he has less money left to fill it with gas?

[@loft27ss]

Do not just assume that your income will keep coming….. consider as well that you might have an injury( break your leg, etc) and might be unable to to work for 5 month or more…..

[@TheChenny73]

You can’t take the things you buy with you either 😂.

[@javirosariovlogs9551]

@@TheChenny73but you can enjoy them while you’re here

[@theawesomer8587]

Best negotiating tactic when buying from a private seller (this sometimes works on dealerships): Only bring enough cash to cover what you want to pay for it. If the guy wants $3,000 for the car but you only want to pay $2,500, only bring the $2,500. That way you can honestly say that's all I got. More than likely, the seller will just take it just to get rid of the car.

[@Static1011]

Unless you negotiate a deal before or the price is firm. If we agree on 3 and you bring 2500 your going home with no car.

[@brixxaries6667]

Facts

[@15KHPCLUB]

If you do that, you might as well wear a t-shirt that says "Hey everyone, come over and rob me!"

[@alexhickman94]

If they go for that, the car has a fault and they can't afford to fix. 100%

[@1874rb]

He gave the best car buying advice that you’ll ever hear. 100% wise words

[@sasyaharry4046]

When I moved to the US in 2012, my wife and I were making a combined income of 200k. She was driving a 2005 Corolla. I really wanted an Audi A5. We went to the dealership and almost signed somethings. Before doing so , We called my father in law, a man who would never be rude or arrogant about your views. All he said was “think about it again, go home and talk it over with each other”. The monthly payment was coming out to $1200. So glad we didn’t buy that stupid car. In 2013, we ended up trading her car in for a 2014 Mazda 6. Yes, we have a 4 year old car with 41k miles on it, fully paid off. *drops mic*

[@bentleyg90]

((Applause))

[@10RBREEZY]

So intelligent!

[@nohandlebravo]

$1200 car pmt is outrageous

[@du-gu2mm]

if you value reliability over bells and whistles, the most practical brand to buy is TOYOTA. honda could be the next

[@NB-ky5ol]

du 30 Agreed! I bought a Toyota Sienna and I loved it so much! Paid $14,500 cash on a Limited Sienna with only 77,000 miles. I held out and God blessed me with that one.

[@NFSMAN50]

@@jeffc1347 GM and Ford SUVs, Trucks, and sedans are good though. The luxury American brands are good, Buick, Cadillac, Lincoln and Mercury are good cars and are reliable.

[@Mysticbladegod]

Currently looking to buy a Prius in CASH. I agree that Toyota is a fantastic brand.

[@Denniss7420]

@@Mysticbladegod Did you buy it? If it's 2010 - 2015, I advise to clean the EGR, Intake and install an oil catch can. People on Priuschat claim these were prone to blowing head gaskets.

[@Mysticbladegod]

@@Denniss7420 I ended up going with a Honda Fit in cash and I absolutely love it. Insanely good mileage and very easy to repair if something goes wrong.

[@dylanroberts93]

I really wish I would have seen this before buying my mustang. My car payment is 425 a month 😭😭😭 plus insurance and all the gas in 5 years I could have over 40K dollars. NEVER AGAIN!!!!

[@acebragg5559]

At least you learned the lesson. Heck, I "fleased" cars for a good 14 years. Talk about money down the toilet. I finally found Dave and wised up too. It's never too late.

[@sarahkendall3313]

Dylan Roberts SELL IT!!

[@dylanroberts93]

crewboy23 you’re exactly right

[@mannyechaluce3814]

If you just want to go fast you are better off getting a race car for the track, in the streets a sports car is useless, to have fun in the streets just get a small well handling car and drive the twisties ( a used Corolla or a Honda ) :D really all this high powered sports car a just for posers , you are not suppose to drive above the speed limit anyways in the street :D

[@mrsalviboy94]

Better yet, you could've invested that money, 5 more yrs you can afford a brand new cash

[@tc96z1]

About 12 years ago when I was in the car business and first got hired the use car manager told me something I never forgot, he said, “ just remember, everybody drives a used car.”

[@dexterm1285]

Once it's off the lot its same as everyone else.

[@johnny7121]

well yeah, common sense, but the question is; how used is it? I see people driving no more than 1000usd shitboxes all the time, disgusting to watch to be honest

[@rasheemthebestfirstone3274]

@@johnny7121 what

[@johnny7121]

@@rasheemthebestfirstone3274 yes...

[@boostedbadboyzx12r31]

There's a ass for every seat 😉

[@texasbbq3191]

I'm 31, I just purchased my 3rd vehicle this week in my life-time. I got my first one at 17 (with a little help) for 5K. Bought my first on my own at 25 for $3800. This week I picked up an Avalanche for $3000 that someone just wanted to be rid of. Take these used cars to your mechanic, they'll check them often for free before you buy it. I've been blessed with great vehicles that lasted me until it was time for another...that I will pay cash for!

[@DrewEid008]

Bought 2008 Pontiac G6 3 years ago for $800. Still drive it and love it today!

[@alexgreen1913]

I hope to find a car that cheap.

[@DrewEid008]

I am no pro lol but you'd be surprised when you ask around your family (or even a church community) for people who have an extra car kicking around that they are willing to sell for a great price.

[@Jeramithehuman]

I hear that. Got a 2004 Buick century 130k miles clean for $600. That was 4 years ago. Still drive it to this day. Insurance is only 250$ a year. If I had payments I would have wasted thousands. So instead I took the money I saved and bought a business in cash and I’m living the dream. Keep that mindset and you’ll always win.

[@poodlegirl55]

I like to drive Subaru cars. You can drive them forever. Used ones have 150-200 K miles on them...people don't turn them in, they drive them into the ground. I don't want a car like that and I buy a new one. The first one, many years ago, I had a 3 year loan on, paid it off in less than 2 and put the money in the bank every month. I didn't buy another for 12 years and paid cash, I had that one for 14 years. My new one cost 25 thousand, I paid cash and I plan to drive it a very long time since I am retired now and don't put many miles on it except for trips. The insurance is dirt cheap because it has so many safety features. I take all of Dave's advice with a grain of salt because we all have to make our own decisions, and buying a new car works for me.

[@underfiremaf8307]

How to buy the best car. Step 1: buy the nicest camry, corolla, accord, civic or prius you can afford to buy outright Step 2: drive it until the wheels fall off Step 3: repeat.

[@DB-yi5sm]

I wanted a 2020 Civic, but looking at recent reliability comparisons, Honda's reliability seems to have taken a dump. Toyota's are so boring though :/

[@raydavies6236]

@@DB-yi5sm I had a 20 year old Honda I bought new, but I went for a Toyota this time as the new Hondas are not as well made. I put a 1200 watt RMS stereo in it though. So at least I got tunes.

[@David-cm4ok]

@@raydavies6236 are the toyotas as reliable as 20 years ago? Doubt it.

[@1captalexracine]

Toyotas, in general, are by far the most reliable cars and the best made on the market.

For reliability I'd say Toyota and KIA , but Hondas aren't too bad either. I would avoid a CVT transmission in any of them though.

[@daddabbo19]

I've listened to you on the radio over the years but 2 months ago I "actually "started to listen to you. Sold my big truck and paid off the wife's car and some other debt. 22k in debt. I still have 40k left in debt but have already felt an enormous weight lifted off my shoulders. Thank you!

[@hummerguy]

How its going now?

[@padistedor]

Best car buying experience I ever had was when I told the salesmen I was writing a check in full for 35k an watching his reaction. No better feeling than knowing you are in complete control of the transaction. I now have a 2yr old car with 2100 miles thats already taken the depreciation hit and have no monthly payments. Its my weekend muscle car and I drive it, it doesn’t drive me.

[@thegoodfella2045]

Lol this guy

[@anthonydooley224]

I called the bank and they emailed a check to the dealer for $35K. It's a check, and we drove away.

[@norsefalconer]

I did the same when buying an income property, that's an amazing feeling. Almost as amazing as selling it a yr later at 20% profit!

[@padistedor]

Norsefalconer I already had a rental property. Sold it for a profit after 10 years. Being a landlord is not my jam. Enjoying long rides is a paid in full muscle car is. My fully funded RothIRA will be there when I need it in 20yrs so not concerned about retirement money.

[@chieftp]

I bought a Smart fortwo from a dealer and gave him a personal check. he asked me if there was money in there for the check to clear and I said "yes."

[@StandYourGrounds]

Driving 2001 corolla for $600. Savings are huge! I did have to invest about $700 in maintenance and repairs in the past 3 years. Has 150k miles now.

[@forbeatssake1530]

Dealerships have almost zero interest in selling cars now. They sell financing. So starting out by saying you’re paying cash or have your own financing is a bad move. They have no incentive to negotiate a deal at that point. Online and private sellers are usually the better option for cash deals imho.

[@drewnyc5816]

I'm 50 years old. Retired at 42 self-made millionaire. My car is 7 years old. My friends say all the money you have and you won't buy a new car. No sir I won't. By the way, I love my car even named her. :)

[@candican9853]

Drew NYC what did you name your car?

[@kevin1seven923]

@@candican9853 Candace

[@johnmoore1495]

Drew NYC how’d you make your money?

[@guntergun3517]

@coffeeinthemorning 😂😂😂💔

[@scarleedge2427]

@@kevin1seven923 Karen

[@alsal321]

Bought a car for just 500$ It’s a 2004 honda accord with 295k miles, been driving it for 2 years still running strong no problems so far.

[@CMRinehart]

I bought a new car in late 2002, a 2003 model, at $318.00 for 4 years. In October 2006 I paid it off. 12 years no car payments. It’s a beautiful thing.

[@nikhilpatil7218]

That's the best thing. Buy a good new car which is affordable. Pay it off in 5 years and enjoy it for 15 years.

[@raydavies6236]

@@nikhilpatil7218 I paid off my 99 Accord in 2002, sold it in 2019!

[@sn4rl277]

I still remember the second "new to me" car I bought, with cash. Salesmen kept asking "how do you plan to pay for this", I just said calmly we will talk about that later. I was in my late 20's and the salesmen was in his 50's. He kept digging and finally when we got to the part where we paid in cash, he was blown away that we paid in full for a newer SUV. I mentioned that we were on the Dave Ramsey plan. I am pretty sure it left him thinking, who's this Dave Ramsey dude.

[@NPow94]

I needed the homie Dave to slap some sense into me

[@BlondeErin1992]

Never say you're paying cash until you are in finance and deal is in black and white. No extra fees or gap needed if you pay cash or significant downpayment Most states have max dealer doc fees.

[@phillipahudson]

This video saved me $16k and a huge mistake. I got a quality used car 5 years older than the brand new 2019 and the only difference: No cooled seats. The used one also has AWD. Man... Thank you Dave Ramsey.

[@bottledoo3639]

You may not have cooled seats but with the money you saved you can buy ice coffees till the car turns into a pop can

[@Hooterrooter]

I sold my 2017 Jeep and purchased a 2008 Chevy Cobalt with 90,000 miles for $5,200. It’s nothing fancy but gets me from where I need to go no problem and no monthly payment.

[@EMYoutube1225]

In July 2017 I purchased a 2016 BMW X5 that had been a fleet vehicle for 1 year, 3 months. I saved $17K by getting it used. Cash purchase, of course.

[@вечная_мерзлота]

Well, somebody has to buy new to turn it into a used.

[@tridoc99]

There will never be a shortage of stupid people, so there will always be leases, therefore there will always be used cars.

[@HearMeLearn]

There’s always gonna be rich and stupid people

[@colin1818]

@@HearMeLearn - The irony is that most rich people aren't buying them. So it's mostly just stupid people.

[@mblake0420]

I buy brand new and drive it for 300k 20yrs......I'm buying with a bank note, must be Toyota or jeep wrangler in case I do sell, they dont lose value in first 5

[@jonathan6480]

I'm so thankful Dave exists at my age of 23. I bought a used 2011 Fusion in cash that has 74k miles on it; now I don't have to worry about car payments. I even put some money that would've gone to car payments in the stock market when it crashed due to Corona that is netting me a 60% return.

[@littledovecitydust]

Why buy gasoline when you can go electric

[@jgatchaljgatchal8350]

I used to roll on two old cars to negate reliability issues. Two 3K dollar miatas to be exact. Lasted me a while until I got married and had kids. If you're worried about reliability, getting a second hooptie usually takes care of that.

[@chad5617]

Yea, I've got a fun little Toyota racer and a mid size chevy truck. Both serve their purpose and never have to stress if one goes down for maintenance.

[@TellMeMoore]

Or an ebike

[@jj1982ify]

I bought a new car four years ago and regreted it four months later😂 i paid it off a year ago though… will never buy a new car again

[@boomvas1754]

My car payment is $0/month on my 2004 Nissan armada with 382k miles and I love it. My wife has a car payment for $160/month and I don't understand why some ppl have a $500 car payment

[@chrissymarsha2282]

Maybe bad credit bc bad credit affects your insurance amount.

[@danieljensen2387]

Driving an audi a4 approaching 340 000km and still doing great. although super tempting to take a loan on a new car, but dont want Dave beeing upset :)

[@mrkackerwacker]

Aye yep my 2007 A4 has 153k miles and still works like a champ... bought it for 2k cash too

[@lowkeysketch5329]

Can I ask you guys about the maintenance on the Audi’s. What’s your experience with Audi maintenance fees

[@brentphillips9247]

@@lowkeysketch5329 Horrible. I have an 08 Audi A8L . Worse car ever. Chase the check engine light non stop. Tons of expensive issues. I bought at trade in value 2.5 years ago and I am $6k upside down already. The value tanks. They are $100k new. I paid $16k for it and it was only 7.5yrs old. They cost the same to maintain as they did when they were new. Very bad purchase decision. Had to have engine de carboned because it's a direct injection. I have 165k miles on it. Has major evap code now. Love driving it and it's beautiful but it is a terribly made car with a lot to go wrong and does

[@lowkeysketch5329]

@@brentphillips9247 Thank you for your honest reply. "They cost the same to maintain as they did when they were new." That to me is a big deal

[@raydavies6236]

@@brentphillips9247 There is a reason that a used Toyota can be the same price or less as a used Audi with the same miles and age, even though the Audi cost nearly twice as much new!

[@ashutoshsadana9265]

ooh what a burn "That worst car accidents happen on a showroom floor!" :p

[@joegray6269]

My dad told me it's better to buy a car out right than make payments on a car

[@kingbran923]

I would disagree, because whatever car you buy, it will depreciate. Unless it's a used car and less than 25K then I would agree.

[@joegray6269]

@@kingbran923 I had a 2000 Buick LeSabre it had 289k and it was a POS but it ran and drive good and got me from A to B and 20 bucks would fill it up too

[@15KHPCLUB]

Your dad must still believe apartments cost $375/month and gas is 83 cents/gal

[@budrobadre]

I drive old BMW's (15-20 years old), I love them. I get to enjoy almost all the luxury for about 10% of the original price. I do repairs and maintenance myself, it's a fun hobby. If you keep them in okay condition, they don't even really depreciate.

[@Sam-on5pz]

I was very lucky to be given a 2005 Suzuki swift with just 35k miles for my 18th birthday. IL soon be 22 and at nearly 70k now after 4 years it's had about £200 spent on it in service and repairs (my father is a mechanic). The amount of money I've saved by having this car compared to a financed new one is unreal. I laugh at everyone in their 18/19 plates that I know can't afford them yet think they're above me in my 05. I plan to run this car into the ground. At this rate IL probably still have it when I'm 30 😅

[@MGR1900]

" Don't buy a new car unless you're a millionaire?" Not a millionaire. Bought a brand new Toyota Corolla in low 20s. Plan to keep it for as long as possible. I think that's a reasonable purchase.

[@noahdouglas702]

smart purchase!

[@gonzotime7224]

How much is a 2107 fully loaded Toyota Corolla with less than 50k miles priced though...

[@moisheshekelberg7632]

A 2107 fully loaded Toyota Corolla will be 102,000 depending on what level of shielding and chemical/biological filtering you get with it.

[@angelabakloyvovtchaikovsky1609]

You can get your money back

[@noahjacobs5039]

But why brand new? Could’ve bought a 3 year old one for barely over half the price.

[@RasM3211]

Dave, I almost lease a brand new Ford Bronco. I was seeing sporty cars that my mother wanted to buy with her hard earned money and I've been seeing videos of the Ford Bronco but never thought I'd buy it until its 2-3 years old to see how much it depreciated. Nevertheless, my mom said we should go to Ford to simply see... As soon as we walked through the door, I saw the ONE. It was black with all the features that I liked. I swear it was like God was testing me. Then my mother asked the seller how much would it cost on a monthly payment and if I could afford it (I am in my 20's and getting ready to change my car. It has 200k miles on it). Next thing you know, I am sitting on his desk and the bank cleared me and the seller told me if I want, I can take it home right now. Then Dave finally kicked in from my hypnotized mind of wanting this car so bad. I quickly knew that this was an impulse buy and it would own me... Paying approximately $680 a month (its a high price for an average car payment) while my SUV is still not giving me any engine trouble with its 100+ mileage. Your teachings helpped me realizehow ridiculous this would be. Thank you

[@duesaces]

Low-key, it is so satisfying when you don't have to make car payments anymore. I remember the month after I paid off my car, I felt soo good seeing couple hundred bucks remaining after making all my bill payments lol

[@juankroosfrausto7411]

More like highkey

[@TheBusttheboss]

Wish I had this advice earlier. Still paid off my car loan within 2 months but could have saved some money.

[@franklinhardy1156]

Purchase stocks instead of a car, just like my dad did in Microsoft by early 90’s about $85k for his inheritance and never has to work again now, cars are liabilities while Stocks are assets and financial securities.

[@Arief351]

Wow, that’s smart and really a huge decision. He should have had a good financial advisor or a financial literate himself, are you also into stocks

[@johnsonmchughes8116]

Great I had a dad who believed solely in handwork and not dependent on government pension schemes. I am learning gradually to invest early and grow

[@franklinhardy1156]

Yes, I also invest in the financial market and have been for a while working with an executive trade expert Eddy Bruke, profited over €120k +bonuses this year from ETFs and trading currency pairs.

[@franklinhardy1156]

You can look up Eddy Bruke on the internet or reach his mail. Connecteddybruke@gmail,

[@10RBREEZY]

@@franklinhardy1156 This comment right here. I salute you!

[@rodrimuino]

I over-studied for several months before I bought a car. It's intensive research but I have them for 8-10 years. I am not a millionaire yet, but I am on the path to becoming financially independent which is my mid-term goal. Thanks for sharing this!

[@TDubsKid]

i'm so glad i'm an auto mechanic, seeing what people pay for car repairs makes my head explode

[@Celtics20]

I know, I do most of my own truck maintenance. The quotes I’ve got are way to high to justify paying someone else to do it. Lol

[@deepshotone]

I have a 2002 Chevy Tahoe and my repair shop just gave me estimate of $1002.05 to replace 4 shock absorbers ! Just insane...

[@jamesferdenzi3628]

Just bought a 2016 Honda Civic with low miles in cash. Felt very empowering

[@RawDogTV]

nice bro

[@kshitiz06]

3:00 - sorry but you are wrong there. Car dealerships hate cash payers and often mark up the price if you tell them that you are a cash buyer.

[@johngolder9519]

Bought a 2002 toyota carolla with 70k miles on it for $1500! I was spending $70 a week on gas for my truck, the car paid itself off just by gas savings :)

[@markg999]

70k miles is nothing on those cars.

[@fenwayfaithful]

Where did you find it? Craig's list?

[@colin1818]

Not sure when you made this purchase, but I'm guessing it was a still a really old car when you bought it. 70k miles is nothing. Great purchase on your part. If you can purchase vehicles from very elderly drivers you'll often get a similar deal. They often have money to buy nice cars, but as they get older they incapable of operating them as safely as before. So they drive them less frequently - especially since they're usually retired and don't have a daily commute. You'll find some older vehicles in immaculate condition and very low miles.

[@misterE-1989]

I absolutely LOVE his advice on vehicles. Solid advice!

[@LoboLakerGaming]

Don’t be prepared to get a good deal on a car by paying cash. Dealers hate cash because they can’t make any money on the unit. No rate markup, and cash buyers are less likely to buy high-profit aftermarket products. Try and hide that you’re purchasing a car cash until you have a final number written on a piece of paper signed by the sales manager

[@TheChenny73]

You can finance the car and then pay the loan off immediately.

[@NB-ky5ol]

I haven’t had a car payment in almost 11 years. I agree, don’t buy a car you cannot afford. It most likely means you’ll always drive an older car and if that bothers you you need to check your ego because your ego will always cost you money.

[@chadhaire1711]

then get a better job

[@Pureexhiliration]

Love the advice on the body language and being quite and letting them do talking while negotiating for the price. Most people don't seem to realize how much body language, behavior and what you say give away during a negotiation.

[@JarivLetap]

Be prepared to walk away is something I should’ve done when I bought my first car.

[@clearasil11]

I got a Honda Civic 2008, 100 km on it, for 6,800 euros. I paid for it full right away. I love how it looks, love how it drives, awesome car. I plan on driving that until it explodes. I know it's on the expensive end when compared to a Corolla or Camry, but it was partially also a gift for myself for getting a really good job and thriving in that new job for a year.

[@pearljameric]

Dealers love cash buyers. They increase the price of the cars and wont come down if they know you are paying cash. The dealership doesn't make their money on selling cars anymore. They make money on the add ons/extras.

[@myst93]

They don't "raise the price of the car". Whatever the sticker is on the window, that's what it is. The days of negotiating are nearing an end. Say no to the gap insurance, and all you're paying is the sticker price, plus tax, title and registration.

[@ATopDesignWoodworking]

Most people don’t keep their cars for 40 years from age 30 to 70. Plus if you are making 10k a month a $500 payment is a a small portion of their income. On the top of that you can sell the car after few years and loose less $ rather than throwing a whole sum of $ right away and 2 years later the car still depreciates you won’t make that $ back. When financing and having $500 payments and still having 40k in your bank is much better and you don’t have to play catch up trying to save that $ back again

[@feeps55]

I understand what you’re saying, but some of us who have always owned used cars at some point in our lives really need a new one, the warranty and reliability that comes with a new vehicle give you peace of mind over an used one

[@RobertRoman]

Every car I've had was used and I had to repair it every other month. I definitely see what you mean. I decided to buy a new 30k car two years ago and it's been in two accidents by other drivers and been scratched in parking lots. It got to the point where I really regret buying a new car because people will ruin it. My next car will be a 3-5 year old car that I will purchase to skip most of the deprecation

[@sarahereach]

I don't think Dave is saying here to buy a 10+ year old car that lives at the mechanic more than with you (although he is in favor of driving whatever runs temporarily until you have saved enough to get better). A 2-3 year old car with under 20K miles is going to have nearly the same reliability as brand new, and certified pre owned can get you a good warranty as well. Still can run expensive over the beaters you may be used to, but what isn't in the bill is thousands of dollars of instant depreciation.

Years ago I had a girlfriend in her 20s who bought herself a new Corvette. She wanted me to use my life savings to buy us a house while she used hers on the Corvette. I told her that was unfair and not good Christian stewardship. She really wanted to marry me and was very pushy about it , even though I had never proposed. I cancelled her wedding plans and got on with my life. I was heartbroken but better off. I later heard that she had actually bought herself an engagement ring! I felt like I had dodged a bullet. That Corvette had saved me from marrying a spendthrift woman. Now I use the story of that Corvette in the Financial Peace classes that I teach at my church. That Corvette is now worth much less than it was new. The ongoing costs of maintenance, insurance, storage, and registration fees mean that the Corvette actually has a negative net worth over time and is an ongoing loss. (now having a negative net value over time). If she had invested the initial cost of the Corvette into a Dow index fund, then that fund would be worth over $525,000 as of 2020. That doesn't even include the dividends! Now looking back on our lives, my life seems to have turned out so much better than hers, both romantically and financially.

[@BusArch42]

@ I dodged a bullet too. Good Lord was looking out for us.

[@10RBREEZY]

Man you dodged a good bullet. Imagine if she wanted a divorce? Would've been terrible on your pockets.

[@ricci_rich]

😘

[@stephonjones96]

It’s crazy I’ve really been stressing about this lately and I see this in my notifications I feel better now lol

[@I3YT]

To anybody who’s worried about the quality of a used car… Do your research and study as Dave suggests and you are unlikely to get something really bad. I’ve been almost tempted to buying a new car a couple of times but what stops me is that even if my older car needs some repairs a few times per year (some may even be somewhat costly, if “unlucky”), AND even if I need to replace that car in 5 years for a new one of about the same price, I will still be paying only a fraction of what the new car would cost me. And if you get unlucky with your new car model choice then good luck after the warranty period (or you might have some significant issue which is not covered by warranty during warranty period - that happens, as you can’t research a new car as well as an old one - it has not been time-tested). So I can’t see any financial argument for buying a new car.

[@Primitive_Code]

Invaluable advice here. These old DR videos are so much better than the newer ones.

[@Powertoolz]

My daves car was a 2002 ford expedition for $1600, 160k miles about 16mpg. Prepurchase inspection was done. Major repair every year was needed. Intake manifold cracked. Tires, brakes, battery, fluids change. Radiator cracked, heater core leak, ac went out. Now timing chains needs to be done. Turning into money pit but got 70k miles out of her. Still cheaper then new car. Maybe 6k over 5 years in repairs and maintenance to keep it running. I think the biggest factor why people want newer car is high anxiety of being left stranded and paying for unexpected repairs. The math says I did ok, but when you tow it home you don't feel ok. Even with emergency savings using several months of savings sucks. On the other had Im debt free with great safety cushion.

[@warwagon]

Dealers can sniff a desperate person a mile away.

[@brankind969]

Warwagon Dealers can’t sniff me. I buy online

[@nsant]

@@brankind969 you can buy a car out of a vending machine now

[@IGamingStation]

@@nsant god I hate carvana

[@cooluser4017]

@@IGamingStation carvana sounds dumb. I bet they make their money off dumb people

[@wizcombo]

They got my gf. I was away for one week and they got her because she was emotionally invested

[@Sullywins]

CPO sounds like a solid idea if someone is very afraid of buying used. You get a low price, warranty, and top notch inspection.

[@danwat1234]

My dream is to buy a CPO Tesla cash within a few years

[@TheIronChainMaster]

"The car quality is so high now that we get 300K miles out of a car" * Fiat Peguot Chrysler says hi*

[@axnn1]

It's Fiat Chrysler. Not sure where you got Peugeot from. I've got 168k miles on a 2009 Peugeot 207 and iy hasn't let me down once. Can't speak for Fiat Chrysler though.

[@gkaleta6993]

Look in Craigslist and see how many Jeep Wranglers that are 10-20 or more years old with 200k+ miles on them and still running great, just like Toyota pickups. I have had 6 Dodge trucks going back to the 80s, including V8s and diesels, each way over 100k miles. Cummins routinely go over 300-400k miles. Have towed heavy loads and taken them to the most extreme places in North America (mountains, deserts, blizzards, mud, off road, 100+ degrees, you name it)...never once left me stranded and never had a major issue with any of them. Also had Toyotas, Hondas. Great cars, but our Honda Odyssey van with 3k miles on it spun a main bearing and was in the shop for 3 months replacing the engine. It can happen. Bottom line, if you take care of your vehicles, they will perform.

[@scottgrigsby4210]

I own 3 vehicles, they are all paid for, I spoke with Dave on the phone about 15 years ago at that time I had car debt, he told me to sell them, I am debt free thanks to Dave Ramsey,

[@InvestingHustler]

Smartest car purchase I ever done was purchase a Cadillac for 1500 spent $600 on repairs , drove it out west and sold it for $5000 nice $2900 profit 👌. I would never finance a car EVER 🙅🏽‍♂️

[@costco_pizza]

Im not sure I want to be seen driving an old cadillac or worse, a honda or a toyota. Who will respect you doing that? Who will want to associate with you? No one will think you are successful and will treat you like you aren’t. I think it’s important to purchase the right kind of car in order to keep up appearances.

[@tjwoodruff7931]

ACR sure and go buy your $40,000 car make payments for 5 years to keep up your “social status”

[@James_Wairagu]

ACR You’re one of those people who are paranoid about what people think about them - and suffer from it.

[@armandol1826]

James Wairagu I know lol. Dave has talked about a friend who is super rich that drives a 90s $500 Toyota.

[@ibmtpx24]

ACR: I drove a 21yr old car until last year and now I am driving a 10yr old minivan. I have respect from my colleagues from the work and value I provide, not from the car I drive. People treat me without respect because of the car I drive are not the group of people I want to associate with. In other words, my car is a good tool when it comes to selecting my friends. Side note: I have enough wealth to buy and lose a $40k car without emotional stress. This is why I can care less of what other people think of me. People only feel the need from others' approval when they are short on something and is not confident that they will ever be able to acquire them.

[@fgonzalez78959]

Got 01 accord 248000 k miles for $500..blown head gasket..spent another $500 in tools and gasket ..i watch youtube videos..was not hard at all..got it done. Runs good

[@TheTopher]

Don’t buy a Smart Car. 😂

[@haha-cm6pg]

🤣🤣🤣🤣🤣🤣

[@vincentchin793]

How to buy the best car. Step 1: buy the nicest camry, corolla, accord, civic or prius you can afford to buy outright Step 2: drive it until the wheels fall off Step 3: repeat.

[@anthonyr7902]

@@vincentchin793 what if it’s 2020 Camry??

[@DB-yi5sm]

@@vincentchin793 Can I buy a RAV4 too?

[@JP-ri1wf]

@elroy elroy your the one who is stupid.

[@gregorymurphy9980]

I am normally a very frugal conservative person. I never spent more than $10k on a good used car. Upon retirement I struggled with my desire to buy the new version of the Fiat 124 spider. The Italian cousin for the Mazda Mx5 Miata. I found the one I like just off a three year lease and paid cash. No regrets. In the terms of micro economics I got in return enough units of satisfaction to justify the purchase. I drive it often and it puts a smile on my face everytime. I plan to put 5k miles a year for the next twenty years to make sure I am getting every penny's worth of enjoyment from it. It's Hypnotique red with tan leather interior and a manual transmission with three pedals like God intended.

[@iEduardian21]

"He whit the most knowlegde...Wins" honestly that is 100% right. It doesnt mean low balling when negotiating but actully know what you are buying and how you are buying it

[@89Ayten]

The problem with this advice from a macro-economic point of view is that someone other than a millionaire has to buy a new car if there are to be any used cars available. If everyone worth less than a million only bought used then after a few years there wont be any left. The real problem is the outrageous prices by the manufacturers and the extra 10-20% we all pay on top of that because there are dealers.

[@agodbole540]

Yilmaz Ayten very true

[@diplomat2623]

Well he knows that everyone won’t follow his sound advice. There will always be “normal” ppl out there. So trust me it won’t turn into that. He’s talking to the ones who are willing to be weird and not normal, which sadly are not many.

[@BusterDarcy]

If everyone did... but you can be assured, everyone won’t.

[@mokshavortice]

Less demand would ONLY drive prices down.

[@15KHPCLUB]

It's already happened and history is repeating itself. Remember Cash for Clunkers?

[@joegoedhart1259]

Hi from Australa. The trend in my area, especially by mechanics and panelbeaters, is to look for a 10 yr old dual cab in vg condition for around 8k. If the engine die's it is only another 8k for a new engine. You still have a used/new (engine) dual cab for 16k instead of paying 70k for a new one or 40k for a 4yr old, used one. Budget for a new engine in advance. Even buy a newish car with an already broken moter and drop a new engine in it. SPEND A PENNY TO SAVE A POUND INSTEAD OF SPENDING A POUND TO SAVE A PENNY.

[@katilynwhitson3105]

So glad we didn't fall for the "new car trick" a lot of young people fall for. We went looking when we first got married. Salesman told us we would be looking at around a 19% interest rate for a basic sedan. We had fun laughing all the way out of the parking lot. We eventually settled on a local dealer for a decent used Prius (2008), and we put as much down as we could at the time. Our bank gave us a 6% interest rate. Still debt, but the $150/month payment was much more affordable than that of some of our friends who bought brand new vehicles, paying $400/month for one car. 😂😂😂😂

[@jaredfrazier2216]

You completely missed the point of this video Jesus...

[@rasheemthebestfirstone3274]

@@jaredfrazier2216u sure at least they’re not paying a lot

[@michaelisbell1848]

Bought a 2004 Ford Ranger for $5250 with 128k miles on it a year ago. Been a great truck and plan on driving it till it explodes. Best purchase I've ever made.

[@DanielGarcia-zz9eg]

What Dave dont say about buying a use car is it's never simple . Got to remember that your buying someone's problems and might have to spend $500 TO $1600 to fix some issues to get it running right. Dont be afraid to buy new if it dont break the bank. You can always make a new car run 15 years long , maybe more without issues

[@mblake0420]

exactly

[@mblake0420]

I buy vehicles that dont depreciate like toyotas and jeep wranglers and drive till the wheels fall off

[@KidFromQueens]

This is the dumbest statement based on no actual knowledge! Why would buying a used car be automatically buying someone elses problem n a new car automatically not a problem??? So u only live n brand new houses and apartments right??? Smh

[@DanielGarcia-zz9eg]

@@KidFromQueens never said anything about new house or new apartment . JUST Sometimes you luck out. Sometimes you end up with someone's major issues that can cost u $$$

[@unfairsanic5089]

Lolz only suckers believe that

[@jeremyjeremy8795]

I bought a 2011 Kia Forte a year ago with 75k mi, full time Lyft driver I have 141k on it today. In that whole time the only surprise repair was an ac compressor, literally everything has just been routine wear and tear and maintenance, and those miles are all hard city miles

[@Nick7380]

Some of the richest people I know drive some of the biggest POSs' including myself and of course some of the brokest people I know drive some of the nicest cars I've seen, let that sink in.

[@SeanStaxxMusic]

Ricki G uhhhh since a 2019 Escalade starts at $75k lol

[@brankind969]

chief tp Houses and cars- all money pits

[@brankind969]

chief tp Okay but Condos are an alternative.

[@brankind969]

coffeeinthemorning They will be, sooner or later

[@Jeramithehuman]

The brokest person I know drives the nicest car as well.

[@insideoutsideupsidedown2218]

Uhh....depends on the car. You can do very scheduled maintenance on a number of brands and the life span of those cars from brand new to money pits is 30 months. I would avoid certain brands of used cars but would buy a toyota, honda, or even mazda that has 200k on it and have it checked by a reliable mechanic.

[@vidguy007]

I bought a new Honda Civic in 2007 paid it off in three years, and plan to drive it for 20 more

[@GreenspudTrades]

I bought a Hyundai brand new and it was totally worth it. It came with a fantastic warranty. 6 years after I bought it, the transmission blew out and the cost of repair was completely covered by Hyundai.

[@letsbefreeletsbefree7183]

I ride bicycle every day so i dony need a car or no gym membership ;)

[@fastfeets2695]

You can walk and have no bicycle repair and no gym membership ,walk with no shoes Just kidding