My Car Payment Is Nearly $1,000/month!

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[@marknc9616]

He needs a bigger truck to haul his debt around.

[@justsaying4451]

😂😂😂😂😂😂😂😂

[@cripplermaximus]

lololololol good

[@newtonraymond77]

LOL for real

[@SantistaFighter]

Go bigger or go home 🤣

[@diyanaabdullah4255]

🤣🤣🤣🤣🤣

[@fpl_bailey]

he is not driving a Dodge pickup truck, the dodge pickup truck is driving him!

[@sammchargue8835]

srt-10 mabye?

[@poricuo2]

koolyo2foots Epic !!!!

[@juhthreef]

Doubt it, $910/m for 73 months at 16% interest was borrowing 42,300 which isn't exactly an expensive pickup. The "luxury" pickup trucks like the one I own are easy 50K+ base. The 16% APR is killer. I have credit cards with half that interest rate.

[@fpl_bailey]

Ja M the second he borrowed 42k is the second it was too much truck. Yes, he makes good money but that is a lot of truck.

[@juhthreef]

He's stupid for doing it, but again not even close to a fully loaded truck. Not even much truck at that for that price. A base Ram 1500 express(ONE step above a tradesman) with a quad cab(5 seats, but smaller back doors/leg room), a v6 and 4WD will run you $36K. He financed a few thousand of negative equity he said + I'm sure taxes/fees and I could easily see it being 42K. That, 16% interest and a base truck is likely why he's in the situation he's in. He was doomed to be underwater from day one, unfortunately, he has to pay for it.

[@JB-tr2un]

for a guy that supposedly makes $120,000 a year he doesn't sound very smart

[@danielb3863]

In American society being like everyone else gets you a lot further in the workplace and social situations than being an individual with your own thoughts, words and ideas.

[@renelvital]

Daniel B No kidding

[@Datnigromeo]

J B Your income doesn't have anything to do with its relativeness to intelligence.

[@ImprovementisGrowth]

common sense and smart don't always come in the same package.

[@ivandunn1334]

J B I beg to differ. There are plenty foolish doctors and CEOs.

[@chrisbaker2669]

Financing a car at 16% is just stupid on steroids.

[@smokeya2]

Not when you have bad credit and nobody else will offer you a car loan AND if you need a car.

[@Geletin911]

smokeya2 so why not buy a car in cash if one is making $120k? Guy can pay for it in cash, a $5k car. He chose to be dumb.

[@Gabriel-on2js]

@god whats your monthly income

[@chrisbaker2669]

@@smokeya2 You could buy a less expensive car in cash rather than pay 16% interest.

[@ariefraiser140]

16% those are credit card rates.

[@nicola.p]

$910 a month. 73 month agreement. That is over $66k!!! for 1 truck! Jeepers 😨

[@calebniederhofer678]

I saw a 22 year old guy come in with his family to trade in a 2014 ford diesel with 60k that he owed 50k on , probably only have gave him low 40/s for on a trade in and then wanted to buy a lifted 2017 for 69k lol it’s insanity . I guarantee his mom was co-signing while her son lives at home laying 1200 on a truck a month

[@jvolstad]

Not to mention the gas mileage sucks.

[@calebniederhofer678]

jvolstad yea it is diesel so better then gas , but yea lifted 4wd -13 -15 around town if lucky.

[@dimitrigreen86]

A DODGE truck 😂😂😂

[@Jmansummers]

He probably rolled negative equity into it.

[@denzelsumlin]

Thought he was gonna say he drove a vet, GTR, M3, or a Mercedes.............a Dodge Pickup? LOL........he's actually driving 3 pickups with that payment.

[@cutenss]

I was just thinking the same thing.

[@denzelsumlin]

working shlub Nice!

[@brandoncaldwell95]

depends on the truck.. a ram 3500 worth 60k is around a grand. but inly worth 29, that this is just a 1500 series..

[@ordinaryJeff]

I hope he got a loaded 3500 quad cab dually, because 910x73 is $66430. Not sure how much depreciation hits these after two years, but if he's paying that much for a 1500......... dang. And yeah, interest, but dang.

[@Eagles.Fan.Since.Super.Bowl.52]

Denzel Sumlin I was hoping he said GT-R just so it made some kind of sense.

[@bneyens]

I use to have a $850 car payment, with $150 in insurance per month. Basically a G a month. Now I drive a $1,000 CAR (1998 Camry with 315,000 miles)

[@Simply.Homicide]

smart man😘

[@Theraceagainstmyhealth]

I have a 2012 Camry with about 65k miles and it is paid for. I can only hope mine last as long as yours has!

[@IdaPage91]

I have the same car lol paid 1500 but hey better than a 550 car note monthly

[@STScott-qo4pw]

95 plymouth. superb mechanical condition. repainted - rust-free. reliable. mint inside, comfy. everyone looks funny at me and remarks like "jalopy", "hooptie"... i laugh, they laugh. i laugh even harder when their one yr old gm suv 4x4 yada yada yada is in shop for fourth time in one year. They don't laugh along with me for some reason...

[@asuarezsuarez1554]

Congratulations. But this video isn't about driving old cheap cars and trying to get validation for doing so. It's about not overspending on cars you CANT afford.

[@knowbodiesfull5768]

He might as well SLEEP in that pick up truck! "It's just a Dodge pick up truck", he says. What equipment does it have? A TV screen, leather sofa, and a bar?

[@cutenss]

This literally made me laugh out loud!

[@Theraceagainstmyhealth]

@Bella Femme With his pay and a poor purchase decision, I'd be willing to bet he does construction. I've seen so many people that work in the field burn through their money quickly.

[@eddiesaninocencio6635]

It comes with a hoe.

[@Casinogirl56]

Probably something like my stupid sister and husband bought. BiG Ram with all bells and whistles, it was like 50K. HUGE waste of money IMO.

[@maryeverling8238]

@@bigbanknewyork3655 You’re gross

[@grindhouserob]

"Hi, Dave. I'm a dishwasher with an annual income of $15,000. The wife and I just bought a penthouse suite for $2.5 million. I'm also having problems keeping up with my $5,000 monthly payments of my Ferrari Testarossa. Now the wife wants me to take her to Turks and Caicos, which will ring me up another $10,000 or more easily. What should I do?" DO SOME OF THESE PEOPLE THAT CALL IN EVER ATTEMPT TO SIT DOWN AND CALCULATE THE DIFFERENCE BETWEEN THEIR INCOME AND THEIR EXPENSES?!

[@perigosu8449]

grindhouserob No! Credit limit is same as cash in your bank so as long as the card doesn't say "declined" when they swipe, they're good to go!!!

[@BassPlayer60134]

You forgot to mention the wife is a stay at home mom that homeschools their 7 kids.

[@MrMikey1273]

@@perigosu8449 you are exactly correct!

[@rubenramirez6869]

You were smart because the penthouse will go up in value unlike a car the depreciates 50% as soon as you drive it out of the lot.😂😂😂 that’s why these people always have negative car equity .

[@fbsie8579]

"sell your wife"

[@dailygrinders89]

that's corvette money

[@stevoh5006]

DAILYGRIND I have a dodge hellcat and payments are 1005 bucks a month!

[@mattd603]

DAILYGRIND not quite

[@dailygrinders89]

Matthew Dionne lol well with what society calls good credit and a substantial down payment it's very likely.

[@ProductionsJoe]

Matthew Dionne 910$/months does buy you a corvette. a base stingray is 55k, Edmunds has average paid at 51 500$. 60 months at 2% interest would be 902$/month.

[@_7.8.6]

that BMW M3 money

[@islammuhammad1198]

The Salesman still spending his money!!!

[@zinab2blessa]

Islam Muhammad فكرت انا المسلمة الوحيدة اللي تتفرج على دايف رامزي ههه مرحبا🙆‍♀️

[@mauricemaurice123]

Islam Muhammad 😂

[@masterk5066]

Lol

[@workingshlub8861]

salesman is probably still jumping for joy..

[@lifeinlimbo378]

I'll never step foot on a car lot again.

[@MarkZimmerman]

LifeInLimbo then where would you buy a car? craigslist? lol buy a car you can afford, even at a car lot!

[@grindhouserob]

Don't be discouraged. Buy a second hand car with low mileage (they exist!) and pay cash. There are a lot of people with a lot of disposable income who buy a new car every 5 years. Just buy their 5 year-old car when they trade it in.

[@mikenelson8377]

grindhouserob you nailed it. There's absolutely no reason to buy a new car. Complete waste of money.

[@BoraBoraTurtles]

grindhouserob yep. Let them take the depreciation hit... 👍🏼

[@AlphaRed28]

LifeInLimbo You do know you're allowed to pay cash for a car in a car lot. Miracle I know.

[@LittleMissRockChalk]

And I thought a $300/mo car payment was annoying. It's so liberating not having that payment every month!

[@youspic]

i was certain he was going to say a GTR or an AMG..... a PICKUP?!?!

[@ordinaryJeff]

Just built a truck on Dodge's site for $76,585.

[@kylekasak6760]

ordinaryJeff too bad you can't afford it

[@ordinaryJeff]

Depends how the word "can't" is being used.

[@kylekasak6760]

ordinaryJeff afford means have enough money to pay for it. So in that case can't means you CAN'T afford it, maybe you can have one though through leasing and financing. We both know thats not a good idea. Also you've came this far so one more thing, I'm not being serious and i don't really care (: have fun driving your new depreciating money pit.

[@ordinaryJeff]

Oh I didn't buy it, just messing around on different manufacturer's sites seeing how much I could max one out for. I use "can't" in the sense I'm cheap. I'm still using a 96 chevy 2500 for my occasional truck requirements. Power windows and locks, cd player, and heater that works. Good enough for me.

[@Teamshmo]

Was looking at cars lately and a lot were $1000 a month, but they were all 100k cars. This guy is driving a nothing car and paying the same lol. Idk who takes a 16% loan, you have to be insane.

[@FernandoMartinez-cc6yq]

the top trim for a dodge ram could easily be 65k or 70k

[@lovethemflowers]

When he said "just a pickup", I thought the same thing -- one of the NICER pickups, maybe the Crew Cab, hardly "just a pickup".

[@imCapone1124]

Just a pickup truck.... Dodge ram 3500 megacab Laramie longhorn every option with a g56 transmission.. lol!

[@smokeya2]

Sarah R It’s called bad credit, I doubt the salesperson cashed in.

[@alionintights4074]

a first time car buyer takes a 19-25% interest rate all the time.

[@garym1a2]

Since his house payment is only 1300 a month and car payment is 1000 thats 2300 total. He probaly takes home 6500 a month. So the other $4200 a month he spends is his bigger problem.

[@GOD-IS-REAL247]

THAT'S WHAT I WAS THINKING BECAUSE EVEN IF HE DOES BRING IN THAT AMOUNT EVERY MONTH HE STILL SHOULD BE ABLE TO AFFORD THAT TRUCK AND THE RENT EVERY MONTH. HE STILL SHOULD BE ABLE TO PAY OTHER DEBTS AND HAVE A NICE SAVING AND RETIREMENT FUND

[@joshgreen1698]

Exactly, which is why I dont take financial advice from Dave Ramsey. If I'm bringing in 5k a month, why cant I spend $500-$600 a month on a new car if I'm living well within my means.

[@GOD-IS-REAL247]

THAT'S HOW I TALK LIKE DAVE CHAPPELLE

[@miguel4297]

Taxes?

[@SuperAmazingNoob]

he makes 125k a month he takes home more than 6500 a month probably around 8000

[@AO-nr7kl]

So they presented you with the contract and you saw the payment and signed it? This is worse than pay day loans.

[@jcrowley1985]

that's more than my rent....

[@deftones2684]

lol mine too

[@benb7727]

jcrowley1985 mine too

[@Checkersss]

jcrowley1985 not mine. My rent is $1400. Living in an expensive city (Toronto) sucks!!!

[@rosebud7105]

Ottawa here, 2 bed $1324/mth. We are still under 25% for rent and we love it here but still we're considering either buying or renting a house at that price.

[@wmoran7111]

You guys are all so lucky. San Francisco bay area, 2 Br my rent (no other bills or utilities) is $2,000 a month!!!

[@ccrpalex2456]

I don't understand, like you getting a car, do you not question $1000/month payment? 72 months, that's 72k. How... Just how?

[@Kpzkhai]

ccrpalex thank you for giving an idea 💡

[@NoDayzOff200]

You make 125k a year. Full coverage insurance and gap. I grew up in the hood. I could solve this. Not the best choice but it could get solved. Pay someone to hit and run your car, total it out. Start over. And you didn’t see the persons license plate 😂🤣

[@paulma222]

Kobe James 😂😂😂😂😂😂😂😂

[@regularjoe5055]

Kobe James yup seen it done a few times

[@tmcneal6]

🤣🤣😂

[@spiker2014]

Gonna need a BIG vehicle to total one of those big pickups

[@j.vosier6786]

Kobe James lol or just leave the windows down with the car running, car gets stolen and bank pays off the loan, know a couple people that did that

[@AmberU]

How do you walk out a dealership with a dodge pick up for 900 a month? I knew he was gonna say a beamer or something.

[@deathsite95]

$42,000 at 16% for 72 month equal $911 payments not that crazy of a price for a truck

[@MrMikey1273]

Have you seen what new vehicles cost? It's insane. Trucks and SUV are really very expressive a bit more than cars. I've seen loaded Ford f250 on lots for nearly $100k . It's mind blowing someone can spend that much

[@sfx592]

Most people dont like the idea of oweing someone money every month. it sounds like slavery. But people get confused into debt, because of tribal thinking. If everyone else is doing it it must be okay. If you dont think like that about cigrettes or obesity, then why do you do it with money?

[@merc7paul]

yeah just get rid of the truck, and pay off the loans and pay off the house

[@danielb3863]

I have a co-worker who's wife makes him get a new car once it reachs 50k miles. She says her kids "deserve to be safe" lol. Just using your kids as pawns, nothing more lady. Typical suburban Atlanta woman mindset. Wish her husband had the intellectual honesty to see through that. Guess who will be picking up a 3 year old Pilot in perfect shape and most of the maintance done on it at a good price? :) Set for the next 10 years, no car payments. :)

[@michaelb.8953]

Daniel The car is just broken in at 50,000 miles. Hopefully they can afford to pay cash for these cars, otherwise they are swimming in car loans after car loans after car loans.

[@craigistheman101]

Daniel B oh well that's there problem and his fault for marrying someone like that.

[@grindhouserob]

I'm happy you found a good deal. I wish your co-worker could've found a better wife.

[@grindhouserob]

Safety concerns aside, some individuals are the biggest propagators of the North American throw way mentality. "It's a little used, but a new one is always better." I'm sick and tired of people who accumulate personal debt and then they'll blame everyone else for the situation they're in!

[@jamiemoulton2986]

I buy a new car every 3 months because it's easier than getting the oil changed....... NOPE, not really, my car is ancient and paid off haha 😄

[@udoonua2818]

I thought he was going to say he was driving a Tesla.

[@victormendoza3295]

I was in that boat a while back. I had one of those new corvettes in 2015 and someone hit me when I was turning left (there fault thankfully(remember when you get your dream car, it can be hit, lol)). That was great because the insurance money allowed me to pay the difference and I sold it to car max. Just tonight I fully paid off my best buy credit card and cut it up. No car debt, but about 88k debt total (everything). No student loans cause of GI Bill. Got my truck off of craigs list for 500 dollars.

[@connorduffus]

You know your in trouble when even Dave is at a loss for what to do.

[@matthewgoss7959]

“Just a dodge pickup truck”.... Dave: oh 😔

[@dogan6070]

The more people make, the stupider they get.

[@AnhYeuEmMaiMai69]

this is why I am so happy that I paid my car off in 13 months....

[@DanielGarcia-zz9eg]

I bet you when he bought that Dodge he added extra to it like exit protection extended warranty and other bull stuff that he don't need to go with the truck the salesman stuck it to him

[@christophercarter129]

Sadly that happens all the time. Finance managers roll $3k extended warranties and $800 GAP insurance into the loan to put the buyer even further into a hole.

[@TwiztidPixiel]

I listened to an audiobook by brian tracy. He mentioned that wealthy people don't buy brand new vehicles. They buy a used vehicle that's still under warranty. Since someone else already depreciated the value of the car.

[@Robrob007]

Good Car Salesman

[@slayer5813]

$910 x 73 = $66,430.00 for a Dodge truck. Holy CRUD!!!!!!!!

[@Navarrete19]

The dangers of making good money.

[@Shezan1]

Always buy a toyota or honda.

[@ivarlosna6516]

16%, that's almost credit card levels of interest.

[@jroark101]

Why would you even call Dave about a car payment like that? Lol dude that's crazy.

[@BlackUnite]

16% interest, I couldn't imagine. I understand people need a car, but I would have to either keeping trying credit unions or figure out another option before I take 16%.

[@DanielGarcia-zz9eg]

Dont ever Finance over 3%, 6% is the max

[@annettewilliams1986]

Soo correct, you have to do your homework BEFORE going to purchase any vehicle....

[@redd7188]

Chrysler Capital finances for Chrysler, dodge, ram, jeep and they give the worse rates of the big three. I shopped Ram, GMC, and Ford when looking for a truck. They did not try to get over on me as bad as this guy but Capital was the worst by far. Capital offered me 5.9%, while GMAC offered me 1.9% and Ford Motor Credit gave me 0% financing.

[@JohnnyCleggUK]

Sixteen per cent?! That's the clue right there that you can't afford something. Even earning 100k, it's still a rip-off.

[@dmc16336]

WHY WOULD YOU EVER SIGN A CONTRACT FOR THAT MUCH OF A CAR PAYMENT?!?!?!?!? THAT IS INSANE!!!

[@tez_foe4382]

Impulse Buying

[@OMALIE360]

I was expecting this guy to say he’s driving a Lamborghini 🤦🏻‍♂️

[@michaeld2384]

Lamborghini, you are looking at 4-5k a month

[@vicavell1]

its gotta be cheaper to uber! what!?

[@BlackMenAreDope]

Look man.....I don't care how much money I make. I'm not paying 1000 dollars a month on any car. But his mind has been renewed seems like, so I won't beat him up.

[@fisephalnoxt9031]

What car are you driving?

[@fisephalnoxt9031]

I feel you brother. I drive a cheap car, no payments.

[@BernadetteTeachesMusic]

Exactly! 🙌

[@phassatkaijubees3461]

I don't get it... $1k per month for car installment is too much?

[@FrauIndian]

YES it IS!

[@_7.8.6]

16% is considered subprime in the US ? Im from the UK and I work at a car finance broker and what people payback on cars is insane. I spoke to someone who was paying £47k back on a £23k car lol

[@jmonte5896]

15% interest on a car loan. clearly he has not managed his finances well in the past.

[@Cyanopteryx]

I've noticed so many suburbanites with spotless oversized pickup trucks that likely have never been used for actual work or hauling. Don't go into debt for a working class aesthetic when you make an upper class income and make poverty-class financial decisions lol.

[@workingshlub8861]

wow!! 900$ a month....120k gross a year is more like 80-90k take home...he should be driving a 20k vehicle at most.

[@rickjamesdos2239]

I have 2 friends. One bought a brand new Ford Explorer. He makes about 150k a year. He is currently paying 850 a month for a car. My other friend is a university head IT guy. Idk how much he makes but I assume 80-100k. He pays 1309 for his new dodge 1500 fully loaded and pays a 600 dollar a month Ducati. I have idiot friends

[@desertguy1362]

Your first friend is actually pretty good consider no money down and fully loaded new veh not even 10%take home for him

[@epicswirl]

Those salaries warrant the expenses. They definitely aren’t idiots that make $10k a month meaning $900 is less than 10% take home. You just have richer friends than you.

[@rickjamesdos2239]

@@epicswirl I make a quarter of a million a year lol I own a small roofing company

[@streetpreacher7176]

Why would you buy a truck in a state it doesn’t snow 😂

[@AirKaos]

This is normal in Florida. You’ll see Bentleys with dominoes signs on the roof.

[@KNO210]

Bought a car for 10k my payments were 218. I paid 1000$ a month and paid it off in a year. Its not about the loan its about how you do the deal.

[@Jesseg-rj6xf]

B.A.M.N exactly 👍🏼

[@erica8165]

With that interest rate, he must've bought his truck with a credit card. Plus, he's probably not making $120k/yr, he just says that to make himself feel good during the call and not a full on loser.

[@Txcowboy80]

Good gawd....he paid 65k+ for a Dodge 1500. Dealership seen this guy coming a mile away.

[@bettysmith4527]

*saw

[@Ethiodawg]

I thought $254 a month for my $16,000 at 3.2% interest rate was bad. I’m done paying off but never again!!!!

[@BrianSchoedel]

It's an expensive life lesson he hopes he'll never make again. Buy 3-4 year old cars with cash, keep for 2-3 years to limit depreciation (know what you'll sell for before you buy) or drive them till they're dead.

[@JJs_playground]

Brian Schoedel great advice. driving my 9 year old C300 into the ground. it feels nice not having car payments for 11 years.

[@noahtheviking1]

11 years nice !

[@fatcat7303]

Are you kidding. I got all you beat still driving a 2000 pontiac bonneville ssei still looks and runs pretty good.

[@bradvincet1848]

Buying a 4 year-old vehicle with cash every 3 years? Do the vehicles come with crank windows, manual door locks and no AC? Push button presets on the AM radio too?

[@shrondamcfarland7550]

I'm still driving a 2003 Mustang with 380,000 miles. I like not having a car note.

[@samueltorres9141]

People should realize that life ends if you love that vehicle then it’s fine 1000 it’s alright if you can pay the payments

[@Ant0417]

$910/month for 73 months?!? That’s insanity.

[@MB-gz1ji]

73 months at 16% interest. That’s absolutely incredible.

[@jlo19720]

Wow. That's insane

[@epicswirl]

Problem isn’t that he’s paying $1000 a month for the car. I make the same amount and love the car the problem is his outstanding debt and that rate!

[@ZagPC]

what kind of "simple dodge pickup" costs $1000/m for 73 months??

[@LaSombraa]

One that cost $80,000

[@timothyletkeman]

Loaded 3/4 ton diesel will get you there.

[@edgarh252]

The new 2019/2020 Ram 1500s are around there.

[@motorcyclemichael2182]

Have you priced trucks lately...they’re insane 🤯 I remember in my grandpa’s day a truck was considered a “poor man’s“ vehicle My how things have changed 😧

[@calebniederhofer678]

I saw a 22 year old guy come in with his family to trade in a 2014 ford diesel with 60k that he owed 50k on , probably only have gave him low 40s or high 30s for on a trade in and then wanted to buy a lifted 2017 for 69k lol plus negative equity plus TTL it’s insanity . I guarantee his mom was co-signing while her son lives at home paying 1200 on a truck a month

[@Stefan-od3us]

I don’t watch this show other then KZbin and the one thing that rings true with most of these episodes/clips is cars are the enemy.

[@jonathanbox3033]

THIS IS EXACTLY WHY YOU STAY AWAY FROM CAR DEALERSHIPS! 99% of the salesman there are crooked as a dog's hind leg.

[@Mr.Mister1974]

$1000 friend got a 1999 Mercedes from an auction and only thing wrong it is no radio.

[@EROBLOX2014]

CASH IS KING!!!

[@ClassPunkOnRumbleAndSubstack]

Why not get a Ford Ranger? Its still a truck so you can haul stuff with it. But its small enough that you don't need a garage and you can just park it in an American woman.

[@anthonyn.3575]

Paid my 2014 Honda Accord off in 2 years...more money in m wallet now, thank goodness!!! Gonna drive that sucker until when I retire (in about 10 years). Even after retiring, gonna continue to drive it “until the wheels fall off” 😜👍😂 !!!

[@ozzy2753]

Wow, Dave looked like he tried really hard to not chew him apart Lolol

[@milkshake3365]

I have a buddy at work who’s wife just recently cheated on him and they split and a week later he went out and bought a brand new BMW. Now has a $1000 car payment. I feel so bad for him.

[@PInk77W1]

You can’t live his life for him.

[@monalisa9636]

Seems like he got cheated on twice.

[@Vydio]

For that payment I want to be driving one of those new Lincoln Navigators ... the nickname is the land yacht.

[@tylerm72198]

Vydio the only way you would get a new navigator at that payment is if you put about 20-30k down

[@Simon-oy7kf]

*15% INTEREST, WHAT?? I'M DYING JUST BY HEARING THAT, WHO WOULD EVER SIGN THAT?*

[@bishopscore]

I love your channel. A financial eye opener

[@UCMarioAvila]

So maybe I’m missing something? He makes 120 k after taxes. So 10k a month. If he spent 1300 on mortage and 900 on his truck. 2200-10000 gives him money to pay insurance, debt, savings, etc. why is this a problem?

[@m24hel74]

This is why I ride the bus...for now.

[@steppentofortune7934]

m24 hel all the more power to you! I kind of miss those days before I had a car

[@paulwatson5965]

To the 100k/ yr comment. That’s probably his gross. After taxes, he’s lucky to put $60k in his pocket. Gross pay means nothing when u only bring home half of that!

[@MessiahsLove]

That really is a shame, I hope he can work it out.

[@heyvern]

He needs to put that truck to work for him and get payed while someone else drives it. Turo is what he needs! Cause aint no way!

[@GarminPro]

16 percent. Good Lord. Debt sucks.

[@Cbautista760]

Hello guys im so glad i found this guy ! Made me open my mind! If anyone can help me on making this decision on my car of it Dave himself can help me out!! I make 3K every month and i made a stupid decison on buying this car that isnt worth the price. So i have this car that i owe 20.000 dollars and i pay 375 on car payments and 250 a month. I dont want it no more i had for at least 8 months. What should i do ? I know imma loose thousands of dollars but the cat isnt worth it. Shoould i sell it? Should i get it repoed? Should i refinance it? Its too much money for something i dont like. Can anyone plz reply or personally messege me im on a decison that keeps me awake because i dont know what to do. Better to take action right now them later

[@juryboxlynn]

Had to watch just to see Dave's reaction. 🤪

[@smoothjay1979]

I sold everything i own, bought a used truck and a used 5th wheel, moved my family into it. I pay 300.00 a month for my truck, and 135.00 a month for the 5th wheel. I work and my wife works, we make about 4,000.00 bucks a month combined. No matter what i do, i can not seem to save. I literally go to work and go home. We dont eat out, or do anything extra. Im ready to blow my brains out. Im in a hole ill never get out of. Im sick of the hamster wheel.

[@addie28784]

How could anyone agree to such atrocious loan terms without the threat of physical harm 😂

[@danielponder7165]

16% is ridiculous. Florida caps it at 18% but wow, I would have walked out at that rate. Credit score must be low...

[@BigfootBrandon]

How do you make 120k a year and get an interest rate of 16%? Geez...

[@stephaniewilliams0]

Brandon Pratt probably just past mistakes!

[@bryangomez1384]

you mean current mistakes, he's still making mistakes, evidence by the car purchase.

[@anthonyadongo]

1:34 everytime you wake up and start the key you wish it would explode...lol...funny man

[@FloEvans]

good god... I almost walked out of the dealership when they told me 4% was the best they could do on a used car. New car/truck should be 0%.

[@jimroscovius]

Shouldn't buy new .

[@matthewstevens4155]

Grateful to have learned my lesson with car payments on a brand new honda accord. This makes my $450 payment I had look like nothing. I paid off the car, still drive it, and will drive it until the wheels fall off.

[@crystalynrodrigues3254]

Went to buy a Silverdo they offered me a 900. payment. I didn't take. I did take a 560. payment. I also regret buying the truck.

[@mikenelson8377]

Live Budget Dream $560 A MONTH?? Get rid of that thing.

[@juhthreef]

trucks are expensive, mine's 540.

[@crystalynrodrigues3254]

We are working on it,

[@chevelle1]

And after 5 years, the wheel wells are rusting out and the infotainment systems are garbage. American made garbage. Buy Asian vehicles and pay cash. Drive them for 400k miles and do the maintenance yourself. Adopting this has got me out of debt and saving like crazy.

[@oldtwinsna8347]

Stick with Toyota trucks - hold their value and don't break down. Domestics for fleets are okay since it's the company's money.

[@BMax0055]

Thanks for the reminder. 2008 Silverado with 280k miles. I'll keep driving my old truck thank you.

[@mariannedressler6784]

Talk about stupid tax!

[@olliehopnoodle4628]

At first I didn't believe the numbers but it turns out a 73 month loan that runs about 910 a month with a 16% interest rate will get you a $43,000 truck. It will cost you around $66,000 in payments. Ouch. I wonder if he was upside down in his trade in. Ollie's advice. Don't buy new. Pay cash. $30 a day in car payments....

[@Iloveak123]

If I need a car I will just go on Craigslist and find an used Toyota from a private seller for less than 2k, his monthly payment can buy him a good running old Toyota.

[@rayc.8555]

I know a number of guys mostly younger from work who have truck payments around 1k a month. NO car or truck is worth 1K a month. That is a house payment. total insanity.

[@MimiNwabuokuMD]

Wow. This is the first time I can recollect ever hearing Dave Ramsey suggest taking a loan for anything. The nerve of these dealerships, though!

[@drmpilot365]

Today, in most cases even if you make 30 K a year, you could get a loan for a car worth 60K , if your credit score is good.

[@michaelb.8953]

How does that mathematically work? Is that a ten year loan if they even exist?

[@AisforAlibi1]

Why are you blaming it on the dealership? Yeah, they pitched the idea, its there job to make as much as they can, but he is the idiot who signed for it. All he had to do was say no thanks.

[@jimroscovius]

@@AisforAlibi1 I agree - it's the fault of people who do stupid things.

[@bettysmith4527]

The nerve of those dealerships for making money on a stupid person? No, it's all the stupid person's fault for signing on the dotted line, he was well aware of the terms and what he was getting into!

[@szqsk8]

He'd be better off driving his house. At least it appreciates in value....

[@syr72]

0:47 😂😂😂😂