I Bought A Car With 24% Interest! 😱

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Looking to learn more? Check out these related articles from Ramsey: How to Get Out of a Car Loan - bit.ly/RamseyGetRidOfCarLoan Should I Pay Off My Car Early? - bit.ly/RamseyPayOffCar

[@joshuareuben7775]

Frank just wanted to vent. Wasn't looking for solutions 🤣

[@zombl337og]

fr lol

[@xdeathknight72x]

Man, this guy can talk. He should be a salesman, not a trucker.

[@KillstormSH]

He probably gets no interactions with people being on the road all day. This is probably one of the few times he gets to ramble to someone haha

[@budsodastories]

The salesmans saw him coming wow I hope he razez them on every review site

[@lot2196]

I had to listen twice and my head is still spinning.

[@Barneyjo]

Can see through him to easily to be a salesman

[@reese85]

@@KillstormSH doubt he’s on the road all day! Only making 55k!

[@Ashcattt]

Y’all need to give Frank more time… this dude has stories to tell and frankly, I’m intrigued.

[@amireallythatgrumpy6508]

"frankly" ... LOL nice!

[@pacifiquekwizera1521]

That’s right! He seems to have so much that consumes his money

[@FTG2Eli]

Me too.

[@trebmaster]

I...see what you did there.

[@23wdj]

Nah bro dude was a convoluted mess

[@theshield2004]

George’s brain stopped working for a minute when he said 24% interest 😂

[@thunderb00m]

Can't blame him, that rate is illegal. Edit: especially on a car loan, that rate ought to be illegal if it's isn't already

[@MisteRRYouTuby]

ANYONE’S brain would. And he wonders why he’s going nowhere with payments. YOU CAN’T MAKE ANY PROGRESS IF YOU’RE PAYING THAT MINIMUM.

[@droid2D2C3P0]

@@thunderb00m no it's not..

[@TrollHunterxXx]

How do you even do that ?! 😂😂

[@alinatamashevich3354]

@@thunderb00m Nope, not at all

[@ZHP330]

Legend has it Frank is still on the line talking.

[@lingra1438]

😄😄😄😄

[@doomkid1331]

🤦🏾‍♂️🤷🏾‍♂️😂💀

[@elchapojr6219]

Dave Ramsey needed to be on this call 😂 for sure

[@marywebb9127]

💯

[@nicholasmartinez6043]

One of the most entertaining callers ever. He sounds like those callers on the radio from the GTA- games

[@patty109109]

Hahaha

[@tristan2332]

He sounds like a Phil Hendrie character haha.

[@cmandel7able]

@@tristan2332 Thought the same thing.

[@Min-Pins]

lol right??

[@Beast-rt3jc]

Lol

[@davebrown5130]

I would’ve loved to have been a fly on the wall when that deal took place. Frank probably talked himself into that deal.

[@shidderboy]

😂😂😂😂

[@nohandletobehad]

My thoughts exactly !! Frank was making some money moves !!

[@TheSoulCrisis]

Looool…..

[@kylecrisman9230]

I don’t drink but after this call I’m buying a 24 pack

[@trebmaster]

24 percent and 24 pack. That's a can for every percent!

[@jayeleee]

@@trebmaster😂😂😂😂😂😂 omg

[@dianecelento4974]

Lol

[@timothyswauger3984]

Just don’t get Bud light.

[@ajoyforlife1]

😂😂

[@vangtk10]

As a car salesman, we love guys like Frank. He sold himself the car. 😂

[@Qzbub]

🤣🤣🤣

[@Dabearscubsfan]

😂😂 brutal.

[@mikewalker4081]

Mannnnn😂😂😂😂😂

[@BboyRacing]

Gotta love the fresh ups!!

[@merriem24]

😂😂😂😂

[@Saiyijon]

At 58, this guy managed to get duped worse than an 18 year old at one of those, we finance stealerships. My gut says he was too busy talking to actually hear the terms of the loan.

[@adamzamora1255]

Can you elaborate more on this

[@littleripper312]

It sucks this guy is so easily taken advantage of because he seems like a great dude.

[@thunderb00m]

Hope online scammers never target him

[@rhsc2670]

He’s nice but an idiot to be honest lol

[@VenomKen]

No one becomes a used car sales due to their impeccable morals and ethics.

[@bdp295]

The guy has pebbles rattling around in his head.

[@robedmund9948]

Business idea - start a company to negotiate car prices on behalf of people. Pretty sure already exists, but if it doesn't it needs to.

[@lynnjoseph7359]

This the most I seen Ken smiling the way he was on this call lol

[@forresthodge1024]

That was quite the rollercoaster of a call. Frank: "I own a car outright..." *Ken visibly just gives up*

[@tyharris9994]

The car that was costing him thousands to repair and isn't dependable. The hosts need to work on their listening skills.

[@paullampert6990]

Shocking this guy made it to 58 years old!

[@charlesjackson1700]

He lives One Day at.. never a second thought about tomorrow... Never plans.

[@rsafree1139]

Made it to 58 with $1000 in the bank. Better than massive debt, but he’s cut it close for 58 years

[@GazzaDazzle]

@@rsafree1139 The whole call was about how much debt he has.

[@rsafree1139]

@@GazzaDazzle he doesn’t have massive debt, and the debt he does have just came about in the past year.

[@GazzaDazzle]

@@rsafree1139 19k is not debt?

[@jeanc819]

At 24% he bought a loan and got a car.

[@zombl337og]

literally

[@alinatamashevich3354]

BINGO

[@SnapszDuhh]

😭💀😭💀

[@adamzamora1255]

Elaborate for me

[@courtnaypower4808]

Frank needs another 30 minutes

[@tubenachos]

😂😂😂 no 30 more

[@kochubobby]

😂😂😂

[@TheSoulCrisis]

He needs 30 years with Dave Ramsey 😂

[@TubOfSun]

Man George has the patience of a saint 😂

[@LegalMind-ds4wr]

The reaction on George's face throughout the call is priceless.

[@jwebby85]

This isn’t even my loan and it’s giving me heart palpitations

[@phylanx1]

This guy can talk the paint off a wall. 😀

[@Gus_Chiggins]

I hope Frank becomes a regular

[@jayeleee]

😂😂😂😂😂😂😂

[@GLantigua1]

😂😂😂😂

[@doreencaron3118]

I think he should get his own KZbin channel

[@jayeleee]

Agreed 😂

[@bettysmith4527]

and title it "how not to buy a car"

[@ricegrindersproduction9782]

I’ve never laughed so hard at a Ramsey video. Ken,s reaction lol

[@RJRussoVids]

The look on George's face during this call. 😂

[@Nintendogamer757]

If this was the first thing he ever financed, how come he didn’t have any money saved up?

[@alrbredwall]

No clue. This does not strike me as an exceptionally intelligent person.

[@budsodastories]

@Prepper Fitness he got into a desperate situation but isn't that what the emergency fund is for? As soon as I dropped more than 2k I would've been looking for another car

[@d.j.daugherty4945]

The vast majority of Americans don't save anything really. I know people who are 65 and would have to go into debt/ it would be a crisis if they had to buy a new microwave.

[@alrbredwall]

@budsoda for sure. Emergency fund and sinking fund are meant to address this kind of thing.

[@Sexy40baby1]

He didn't have savings because the mechanic was milking him with repairing the 1st car at 1000 a week

[@trebmaster]

Give this guy a job as a voice actor and hopefully he makes up the money! What a great entertaining speaking voice! Hahaha

[@High5748]

"What dealership did you go to? Did you make a deal with the Devil?" "I tell ya what they are the spawn of Satan!" This dude would be an awesome drinking buddy

[@enricopallazzo3244]

I didn’t know Rodney Dangerfield was a Dave Ramsey guy.

[@I_like_turtles_67]

I tell ya I get no respect.

[@kevinb8881]

24% interest on an auto loan is way beyond highway robbery!!!

[@katielindsey5758]

My lord he definitely likes to talk and hear himself talk lol

[@MisteRRYouTuby]

I’ve met people like him. It’s more about processing information than hearing themselves talk, but in his case, he’s clearly struggling financially and can be easily scammed into deals.

[@eduardoromero3365]

I financed a car for 15k for 28% definitely didn’t know what I was doing but I just felt like I did a horrible thing..I started doing some research to see what I got my self into.. once I did I went to the dealer ship and told them if you guys don’t do a rewind on my contract I will put a bad review and so they took the car back and got my deposit back..I really did get lucky there 😅

[@adamzamora1255]

What kind of research made you realize what you got into?

[@GoatMeal365]

2:42 “What in Tarnation??” 😂

[@mluterancik]

24% is the craziest thing I ever heard a slimy dealership do. This dude is out of his mind for signing that

[@stevenchitwood2146]

yea.... this was his first thing in financing anything. they took advantage of him bc he didnt know any better. so unethical what this dealership did.

[@zombl337og]

@@stevenchitwood2146 unethical? so if you were a car dealer you wouldnt do the same?

[@redfox_84]

The guy never financed anything but it it is still ridiculous.

[@Double21Stuffed]

Morally I couldn’t imagine charging 24% interest

[@zombl337og]

@@Double21Stuffed I ain't tryna be friends when it comes to business. if they wanna do a 100% interest deal, I'll make it happen

[@estyria777]

George looked like his brain was going to explode! Poor George!

[@HEATHERFREE2486]

Kens face the entire call ha

[@jaredsthomas]

Man, poor guy. I feel for him. PSA: If you've never bought a car before, take an experienced friend with you or pay someone $100 for their time and advice. I've bought new and used cars multiple times and still feel like dealerships will get the better of me somehow. Be prepared to walk away from the deal if you're uncomfortable.

[@flashthecorgi2053]

This call was amazing! Love all of the expressions from Ken and George 😂

[@travisleonard513]

This guy sounds like he should be voicing a dads voice from a cartoon.

[@brentsmelser]

If you ask Frank a yes/no question, you’re going to get a minute to minute recap of the history of the world.

[@Chrissy4281]

This is an entire mess. Frank is too wise to have gone all his life without financing anything to falling for this trap.

[@MisteRRYouTuby]

Is he? Is he wise? Clearly he is blessed to reach 58 (I pray I do the same), but clearly age and wisdom are not the same.

[@Chrissy4281]

@@MisteRRYouTuby I would say so because most people (not all obviously) who are blessed to reach 58 usually have made about 58 mistakes with money. He hadn’t and this was a big one….still it was only apparently one based on this call. To avoid it all this time even after this mess i still consider that wise. IMO. Idc about his age.

[@MisteRRYouTuby]

@@Chrissy4281 Fair assessment. Hopefully he is able to get out of this mess and grows more wisdom from it.

[@MrTmenzo]

Apparently he is not wise.

[@jaqenhghar6996]

Not sure if Wise is the word I'd use to describe this feller. Definitely not well-versed in how impactful the amount of interest on a loan can be on one's finances.

[@Carpenter1]

Ugh man this guy is coming up on retirement real quick, that hurts my heart

[@Dan16673]

Imagine the bonus that sale guy got

[@TwoTrilla]

That's nothing I signed myself up for 28% back in 2016 and have since payed it off. The goal was to refinance until I found out most banks will not accept anything over 130000 miles. Long story short I basically bought the car twice felt disgusted after getting the title and reading over the breakdown. Good news is the car still drives as it did when i purchased it and i will it until it blows up. Also I stay away from all consumer debt as of now and If I can't purchased it cash I can't afford it.

[@adamzamora1255]

Please tell me more information

[@BaconMountainMan]

I would also like to know how this happened. I also bought a car for the first time at 46 and the first thing I looked at was the interest. I think he also talked himself into it.

[@Knyght100]

A lot of dealerships are scummy, but doesn't change the buyer's accountability to READ what the f they're signing.

[@elchapojr6219]

2:16 George Face 😂😂😂😂😂😂 that how I felt when I was a banker and customers would come into the bank complaining about the dumb financial decisions 😂and wanted me to fix it

[@marybetheby5184]

I would return the car...through the front window of the dealership...

[@Themoomabides]

Sometimes people call in and they are annoying. Sometimes people call in and I want be there friend. This guy is hysterical. Love the energy!

[@stephanienguyen6992]

Don't Pay Your Car Loans. Give It Up.

[@ccgrider1014]

Must be an Arizona thing. I know a guy in Tucson Az that recently bought a car @ 24% interest...oh, baby!!!

[@robertbell525]

Oh it would have been fun to have Dave on this one

[@brandyrenee4726]

😂”let me explain”😂

[@nicholasmartinez6043]

One of the many times I laughed out loud

[@bc_usa]

Frank is all over the place. The guys 57 acting like a senior citizen.

[@Astro95Media]

I'm not even done with the explanation and I have stress tumors growing.

[@Barneyjo]

😂😂😂

[@mister.caroll]

This dude has radio voice needs his own show.

[@eliubfj]

Painful to hear this out, Dave would've shut that guy down the first 45 seconds.

[@codys5727]

Ugh...this guy is paying stupid tax like no other. Hearing his story about gives me an ulcer

[@yagoalmeida3691]

Rewatched this call just to see George’s reaction 😂

[@sheilayoung8007]

They saw him coming!

[@random-nz7dy]

Frank is what salesman's dreams are made of.

[@rainacherienne1010]

I want part II of this call. Call him back!

[@mbank3832]

he doesn't need financial advise, he just needs someone to listen to his problem lol

[@shumatsuopost]

That is a really unfortunate situation to deal with.

[@Guitarlvr01]

The lights are on but clearly no one’s home.

[@Polo22546]

He sounds like Will Ferrell impersonating Harry Carey.

[@MisteRRYouTuby]

Sir, YOU WERE SCAMMED.

[@MisteRRYouTuby]

…and now I understand WHY you were scammed.

[@haroldcruz8550]

He's too clueless to realize that, the guy don't know how to listen.

[@TheFirstRealChewy]

24% interest on a car loan? That is ridiculous.

[@happyhippo1710]

omg look at their faces. hysterical & at the end he has another car. haha

[@RandomUserName92840]

Frank! If you read this do side gigs as a voice actor.

[@k_kelsey]

I agree! The dude has a great voice

[@Th3An0malyy]

my friend had a %27 on a 2018 elantra, and me over here sitting on 12%

[@sariah2425]

I had 2.99

[@rexmundi273]

24% interest sounds like a deal... For the car salesman

[@babatundeolowu]

George: Did you make a deal with the devil? Frank: No, I made a deal with the spawn of Satan 🤣🤣🤣 I didn't see that coming

[@jeffhoyer2722]

Ken is cracking up since the first word lol. 🤣

[@DoctorSmartyPants]

"Are you single"? "Yes". Shocker.

[@adoe2305]

I'm losing my empathy to the "living paycheck to paycheck, drowning in debt individuals."

[@jimmymcgill6778]

Is Ken listening? This guy said at the beginning, that his old car kept breaking down. And Ken wants his to keep driving that?

[@insideoutsideupsidedown2218]

Fix the car.

[@jimmymcgill6778]

​@@insideoutsideupsidedown2218 He said it was being repaired every other week.

[@Winnie-Kay]

After so many breakdowns and so many fixes, you eventually end up with a "new" car.

[@reese85]

@@Winnie-Kay not necessarily true lol

[@le4-677]

@@insideoutsideupsidedown2218 it’s a money pit

[@MichaelHasebroock]

George's reactions say it all.

[@Argedis]

Yes, there are Prepayment Penalties in some contracts that basically force you to pay full interest. A prepayment clause may make it impossible to pay the principal down. Instead, that additional amount goes toward your next monthly payment. Precomputed loans calculate the full price of a vehicle and interest rates in the loan, and the borrower agrees to pay off both. This is another way lenders ensure they receive as much interest payments as possible if you decide to pay the loan off early.

[@insideoutsideupsidedown2218]

Correct. Do not get this type of loan.

[@Argedis]

@@insideoutsideupsidedown2218 And the caller signed at 24% interest... Feelsbadman

[@shachede6828]

Are prepayment penalties not illegal ?

[@funtechu]

@@shachede6828 They are not illegal but they are uncommon. You can easily see on the truth in lending disclosure if there will be an early patient penalty or prepayment clause.

[@adamzamora1255]

Please elaborate, I’m in the same boat as frank

[@countdown2xstacy]

Frank is either gambling or drinking his paycheck away.

[@foodsatamp76]

the funniest Dave Ramsey episode ever

[@jameshumphrey3425]

I like this Frank guy 😂

[@budsodastories]

He's 90% underwater😬😲

[@foodsatamp76]

The funniest Dave Ramsey episode ever

[@amireallythatgrumpy6508]

This is only a highlight. An episode would be a full show.

[@RandomVids519]

This guys a character 😂

[@JegtoDFW504]

I think this caller is Harry Carey

[@LyonsArcade]

George looks like he's having cardiac arrest

[@penitent2401]

Bought a car for $20k, paying total $30k on it, car was worth $10k. How? Did he read the contract before signing?

[@lagarde2011]

Excellent recap of the situation.

[@carlosalfaro602]

I thought he said talker, not trucker.😂

[@JexuanyGuerrero]

They don't tell you the rates they just tell you the monthly payment

[@funtechu]

Yes they do tell you the rates. It's in the truth in lending disclosure which is required by law

[@reese85]

They def tell you the rates! It’s in the contract

[@JexuanyGuerrero]

@@reese85 nah I was gonna get a car and I had to ask for the rate plenty of times. Before they gave it to me. I just walked out. Glad I didn’t get the car lol

[@williams6334]

This guy is amazing. They were struggling to hold it together in this one haha

[@BaconMountainMan]

He owes back taxes, too.... And now he's trying to justify why he got into the 24% car. He's a mess.

[@ianmowbray3284]

What has he been doing all his working life to be 57 years old and only has 1k to his name 😮

[@vallanddess]

Like 50% of people? Mind blowing.

[@RandomUserName92840]

Majority of people retire with no money saved.

[@kimberlysoto6864]

Entertaining Doozy😂😅. Poor guy. The facial and body expressions during his call so funny. Oh my. Poor guy. More than taken to the cleaners .

[@DP-dy5ky]

I'm sorry, but this whole convo made me laugh..lol! 😆😮somebody please help Frank

[@samuelelijas9002]

This guy sounds a lot like 'Mike the Pillow Guy' 😂

[@danielrn133]

"I am an avid listener" then goes out and buys a car at 24% interest. That is a worse rate than an 18 year old would get. Ouch.

[@user-vi5vd3ty9d]

😂😂😂😂, no mercy to Frank. Right to the point telling bro he has 30 seconds.

[@jonquindiagan682]

Keep up the good work!