The Smartest Way To Handle a Broken Down Car

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[@ubuv3077]

the second she said Nissan I already knew it was a transmission problem.

[@zodglubby]

"metoo"

[@charliekiger]

same here. I worked for them too long, knew exactly what trans it was. We replaced six to eight of them a week at my old job. Six in one day on the day I left.

[@montesforeman5079]

Yeah, had an old Nissan Pathfinder and the transmission went out super fast. Third and fourth gear just disappeared one day after driving a few cities away... XD

[@nickbadry4122]

Wife had a 2013 Nissan rogue cvt went out at 100k

[@FrostyCoug]

Ubuv the CVT

[@pingedpongball]

I think the whole “pay cash” mentality is to also help give people perspective. When you’re financing, $25K-30K doesn’t sound like much. When you’re paying cash, suddenly 10-15K seems much more reasonable.

[@shakinbottles]

Didn't even think about that but that makes sense

[@arminprnjavorac2084]

exactly

[@Leinski24]

“Pulling up to a stop light and comparing payments I mean cars with everybody else” fantastic quote

[@chargermaster586]

Imao that one got me😂

[@adarshguptak]

yes, i liked it too :D

[@egarciaeg420]

I still can't understand the logic behind calling Dave Ramsey to ask if you should go into debt

[@lovethemflowers]

Maybe they think their situation is the exception where Dave will say ok.

[@MiguelRPD]

Some people need a wake up call..never turn away people who know their logic is insane and have the common decency to _themselves_ to ask others for a reality check.

[@motoryzen]

egarciaeg420 yeap. That's the same asininity as asking hitlery Clinton to respect our 2nd amendment rights lol. Just from the other side if the moral questioning spectrum

[@sarahann530]

egarciaeg420 I cant understand the logic of calling Dave Ramsey

[@leonidas14775]

Debt isn't inherently bad. The real problem is people who use it to spend more than they should.

[@sunshinelawfan7693]

She wants a new van or 3-row SUV. Mentioned 4 kids to justify it. She'll head to a dealer today...car fever is raging.

[@ISUBAJA]

Meh life is short. Dave’s theory is live like a hobo so you can be rich in time to die.

[@manuelibarra7667]

@@ISUBAJA funny because dave has a bunch of millennials becoming millionaires with his plan. Kinda ironic.

[@ISUBAJA]

@@manuelibarra7667 yeah and I see a lot of folks my age work themselves to the point of mental illness and depression. They both work extreme hours, don’t raise their own children, sticking them in daycare centers to be raised by strangers and then they wonder why they don’t feel full-filled even though they have all this money.

[@muhammadawais143]

if you are watching Dave Ramsey, you should start watching Scotty Kilmer for car advice

[@Dread_Pirate_Homesteader]

Never

[@rainbowpandasays8851]

Scotty Kilmer ... yup 👍

[@PapaButchaa]

Honda CR-V!!! Best purchase for 1200 quid ever

[@Izzy-zh8ck]

no that guy is legit

[@tanyawins]

… Rev up your engines! … 😁😁😁

[@tylough]

Don't buy a Nissan with a CVT...

[@fallguy4209]

Which is 98% of them lol

[@pwpryan]

We had a Pathfinder less than a year. It was a 3 year old car. The transmission went out :(

[@tylough]

Yeah everything but the Armada, 370Z, Titan, frontier. Oh yeah and the Nissan leaf has no transmission.

[@acebragg5559]

A single speed reduction gear IS a transmission.

[@tylough]

Ace Bragg Thanks for the correction. I didn't know they used gear reduction. Yes that would be a single speed transmission.

[@66kahler]

Man I wish I had found Dave in my 20's. I fell into the trap of having money for the first time and buying one new car after the next because I thought I had earned it. If I had just kept driving my paid off honda civic I would probably have the money to buy my first house in cash by now. 5 years ago I bought a toyota corolla and havn't had a car payment since, paid off all my debt, and feel more free than ever. I don't care if my car gets scratches or dings, as long as it gets me where I need to go reliably.

[@YuniorGamboa]

That's a great mentality. Dying knowing that you change for the better is enough.

[@545x39mm]

Two years ago I paid $1500 to fix the head gaskets and some other issues in an 18 year old 4Runner. It had about 140k miles then, 170ish now and still driving it and a nearly as old Accord with no further issues. People at work laugh at my beaters because they both have cosmetic issues, I laugh harder at their $300 to $500 monthly payments that I put in savings and investments instead of the money pit of a car. My headgasket repair was the equivalent of three months of car payments for those suckers, and since I didn't have the car payment I had thr cash on hand to pay for it. Think I'll just keep driving my pair of 20 year old "beaters". Paid for, cheap to insure, can fix most common issues myself and have a solid mechanic for bigger issues like the head gasket, tranny, etc.

[@amandawalker1196]

3 years ago I bought a 2000 Acura TL with 165,000 miles. Never gave me problems until a month and a half ago at 236,000 miles. I paid $700 to get it fixed and it runs like new (for the most part) I use it everyday but part of my job is driving long distances and this is the best freakin car!!!! I’ll have 241,000 miles on it by year’s end. Every time I see new fancy and shiny cars the ONLY thing I can think is “gah, that car payment must be huge!” I love my car. I’m going to drive it until it literally won’t drive anymore.

[@garlicgirl3149]

My eyes bugged out at $507!!!💵💵💵

[@socalindi8241]

ya my Toyota looks beat but under the engine it still runs nicely at 190,000 miles

[@GlobalGaming101]

My 2004 oldsmobile is a money pit. Has 180,000 miles.

[@DarkroomMedia007]

Car payments make my stomach turn for real. I was raised by the old school and my mom almost always paid 300 or $500 cash for Ford ltd's back in the day and Grand Marquis which were really good running cars. Only one time she had a car note on a almost brand-new looking vehicle and she paid it off lickety-split so she wouldn't have to get it repoed. She taught us never to have credit cards and to buy most everything you 1, in cash baby and it has done me wonders. My FICO score is -0 but I haven't had any trouble renting apartments, only a pinch with paying a little extra security deposit but other than that it's been fantastic! No student debt either which I'm glad because I taught myself computer stuff at home that they did in the office, and learned on the job as went back in the late 1990s and early 2000s.

[@bhud98]

Rent a car for 2 months? Has Dave checked the prices for renting a car lately? You'd spend wayyyyy more renting a car than just going and buying a cheap car lol

[@GGBeauty01]

Branton Hudson not always the case, I paid less than 300 for 1.5 months. You have to rent with wisdom

[@MACNTOSFAM]

Branton Hudson i agree. that part of his point didn’t make sense. the other one is the mentality that a 4k car vs an 8k car will have the same chance of needing repairs is sortof absurd. the last part to his point would be the best advice. borrow a car! borrow/rent a car from a relative for cheaper! problem solved.

[@underdog7495]

Just Gen What company did you rent with? All the rental places I know of would charge an arm and a leg for 1.5 months

[@GGBeauty01]

Under Dog I used Hotwire I live in Fl so I did the Miami airport location I rented twice because I was expecting to have had a new car by the end of the first 15 days I booked for, but it didn’t work that way. 1st deal was a hot deal where the reveal who the agency is after the deal is booked which was hertz and that came to around 170ish after taxes because the the deal was 9 dollars a day, and if you use a major credit card you do not have to get their insurance... just don’t hit nobody unless you have your own insurance to cover u(good luck 😉) also the 200$ you put down as your deposit is usually reimbursed to your card by 3-4 days again with a major CC they won’t let your money sit on hold for longer than 5 days max ( at least not capital one) Returned the 1st rental and booked another hot deal again it was hertz, Had the car for 17 days for for some reason I paid less than what was quoted at 12$ a day I forget, but the manager charged me 8$ a day. (That was long) also u should book a compact unless u absolutely need a bigger one they usually upgrade u for free.

[@a87nomsirrah35]

I wondered about the same thing while I was listening to Dave. If she were to rent a car for 2 months, the least she'll be paying is $48/day. That's roughly $1300 a month. What!? If he suggests that she spend that kind of money on a car that she'll never own, then a $300 car payment doesn't sound too bad

[@Kureni]

scotty kilmer would say sell the nissan (they have unreliable CVTs per him) and get a $3k used toyota as long as mechanic inspects it.

[@mtndewman1022]

a 94 toyota celica to be exact

[@Dread_Pirate_Homesteader]

That guy is a hack

[@foford2010]

I bought a 97 Toyota celica with 135k miles from craigslist for $1k. After BS3 I sold it for $1,900

[@Dread_Pirate_Homesteader]

@@foford2010 bs3 ?

[@foford2010]

@@Dread_Pirate_Homesteader Baby step 3 is to save 3 to 6 months of expenses

[@2014kaydee]

Love how he said if you want to use emotions to rationalize going into debt... That is such an awesome phrase. She is not being logical and overly dramatic for no reason.

[@marktwain9995]

I can imagine the lady say ... "This man is crazy, let's buy a newer car" after the call ends.

[@da11king]

😂 true

[@mycrazyfamilyid]

He says "Five million dollars" and my eyes bugged out. She just calmly says "M-hm"... She wasn't listening. She was waiting for him to stop talking so she could hang up.

[@Soljarag5]

maybe because she knows that 5 million number is BS

[@acebragg5559]

So what if Dave is off by 50%? That's still 2.5 million all for stupid car payments.

[@Soljarag5]

Ace Bragg, I'm glad a 50% margin of error is good enough for you.....

[@costco_pizza]

Soljarag5 dont be so quick to ignore that number. If you save even 10 dollars a month from age 30-70 you will end up with 10 million dollars.

[@Soljarag5]

ACR, hahaha $10/mo = $10 million.

[@chargermaster586]

Here's advice give a call e-mail to Scotty Kilmer.

[@jayp224]

charger master I love Scotty

[@Wizardnil]

Scotty>ChrisFix in a lot of cases

[@sterlingyoung88]

He is greatness!!!! He doesn’t speak much on diesels.

[@sterlingyoung88]

Wizardnil just started following fix Chris. His F-350 build it’s pretty cool.

[@blahguy164]

94 Celica it is

[@xGERKENATORx]

I wish I had discovered Dave when I was 18-20. I’m nearly 28 and am inspired to change my family tree as he said. My parents didn’t and still don’t have squat but bad credit and debt. My dad dissolved his 401k at a young age to put his wife at the time through college. One divorce later he was broke and had nothing but a mortgage and a couple cars. Thanks Dave for giving us advice.

[@tammysims8716]

Darn, judgy

[@charredskeleton]

You need a better god lol

[@catholicfran]

This lady is going to end up financing! You can hear it in her voice!!!! Dave, spent too much time trying to convince her. Had that been me I would've already known to fix it or replace with another $3000. vehicle.

[@M4RKEDYT]

What happens when the transmission goes out on the other $3k car? Bad idea to be buying $3k cars, same as its a bad idea to buy brand new cars.

[@MiguelRPD]

MarkJM55 Nope, nothing wrong with buying new cars if you: (A) know you will keep it for at least 10 years (b) buy from a reliable manufacturer.

[@catholicfran]

MarkJM55 The assumption is that the "other" 3k car is ONLY temporary. If 3k is ALL she has to fix up her current car then she should do so. She just sounds like she wanted DR to justify her financial missteps.

[@codymelcher5134]

If I bought a car in cash it would look like I'm a drug dealer

[@dbrown2728]

I pray my car keeps working. A 2005 Camry. No car payment. Is a blessing. I can eat.

[@nickk4010]

At least in the 3k car you have now, you know the problems. The different 3k car could be more a headache and expense than the current one. I’ve used this logic in the past and backfired.

[@michaelb.8953]

I've had the $3,000 car and it drives great for the first year. Then comes a $1,500 dollar fix which you pay for. Then another $1,000 fix some many months later. Then a new radiator and thermostat is needed shortly thereafter and you do that yourself for a couple of hundred dollars. Then very shortly after that another expensive repair crops up and it's going to cost another $1,000+ dollar fix. At that time it's time to take your licks and limp it into oblivion 2.5 years later. Then again you can have issues with a newer car also, but it's not nearly as common. In an older car when you think you have all the problems licked another one can crop up in no time.

[@nickk4010]

Michael B. Very true. I’m saying it’s better to fix the current car, rather than buy another car of the same value, which is really a toss up, even with a mechanical inspection. I’ve had a 30k truck have an unknown bad transmission at 45k miles. I’d rather fix a car I know about rather than buy one of the repair value.

[@markg999]

Get a Toyota much more reliable usually.

[@michaelb.8953]

Mark G It was a Toyota a 1991 Toyota Camry to be exact that I just got rid two years ago. It really was a good car that I really enjoyed driving, but when you have to keep turning around a dumping lots of money into it I just got too frustrated. I have three other Toyota vehicles that I own and they are super reliable. My 2011 Rav4 that I bought brand new I keep in tip top shape and hasn't given any trouble except new brakes and tires and I stay on top of regularly scheduled maintenance items religiously. Still drives just as good today with 136,000 miles as the day I drove it off the lot with 1 mile on the odometer. My 2016 Toyota Corolla is too new to really have many maintenance issues. My other 2010 Toyota Corolla that I bought used last year with cash with 48,000 miles I use for my teenage daughter and it's been completely trouble free. Yes, I agree Toyota vehicles are super reliable. I just attribute my expensive mechanical issues on that one car with the fact I bought it used and I really don't know how it was cared for over the last 25 years by the previous owners when I got rid of it in 2016.

[@markg999]

Michael B. I have a 06 Rav4 with v6 212k miles and not many issues outside regular maintenance. Take care of fluids and treat well they usually last awhile.

[@MrBrianDuga]

“That car scarred me psychologically” lol

[@L6ila12]

“I’d walk before I have a car payment” 😂

[@wldktz1]

Easy to say when you’re a multimillionaire.

[@L6ila12]

@@wldktz1 I would have agreed with you had you said, “Easy to say when you’re living in a first world country”.

[@da11king]

Walk to where ? Your home office ? 😂

[@Ink30]

Facts, I have walked it was rough. Now in a much better position

[@matthewbittner3569]

"Mhm... mhm..." she checked out. She's not getting a $3,000 car she's taking out a loan.

[@crosses101]

Oh u picked up on it too😅🤦🏾‍♂️

[@JiisTube]

Yeah she sounds like she's going to make the right choice instead.

[@paystyles5429]

A 3000$ corolla will way outlast that rouge

[@marybetheby5184]

"looked like a bondo parachute rollin down the road..."😂😂😂

[@kaohsiung99]

That was funny!

[@Vulcan-zt7ob]

Get a toyota camry 1996 -2003, for $1500 its the most reliable car and cheap to fix.

[@riddledtomcat1360]

This is a true statement

[@williamsmilton6316]

Her family to big for that she has 4 kids

[@DozensOfViewers]

williams milton one in front, three in the back.

[@stevemanxxx]

@@DozensOfViewers Where does the husband sit then...? They need a minivan!

[@DozensOfViewers]

Steve Bay on the bus :)

[@underdog7495]

I had an 01 Honda Accord. I gave it to my brother and he still drives it today. I only paid $2,000 for it

[@carlostosado8965]

01 has 210k on it have 20k in savings

[@MTobin1000]

Young lady...don't forget Nissan CVT transmissions have a 10 year limit. You may be within warranty with your 08 Rogue. call your dealer before you do anything. good luck. (Mike in Ohio)

[@4knewt505]

Dave, please show us a pic of you in that borrowed car that you always talk about. I have a hard time placing what time period I'm imagining you in, Retro 80s Dave or Curly Permed Fro 70s Dave, but I don't think you are that old. I'll say 1987 Dave.

[@scottwidiculous]

4Knewt He said he hated it. He said 3 months felt like 10 years. I doubt he took a picture in it.

[@rockerfaerie2]

scottwidiculous lol!

[@azizlarhnimi6842]

@@clydeb7713 he probably means investing money.

[@TomTom-gn9mp]

Nissan has had bad transmissions ever since they used cvts.

[@dexterm1285]

I have two older Toyotas clean but a 06 and 08 with higher miles...get more enjoyment seeing my networth closing in on a million. Avoid car payments..debt and save and invest and good things will happen.

[@llyg4848]

Living humbly is the motto

[@1978mackdaddy]

Same here. But my car is an 02 accord

[@rebeccashields9626]

Yep! Love our 04 Highlander and 09 Corolla. They aren’t flashy but they drive great!

[@whatarefriends4]

Dexter M. 07 Corolla brother. No debt and investment. Your comment is encouragement. Love my Toyota. It does what I need it to do extremely well. Paid for

[@gregsheeter3599]

I think it depends on the condition of the rest of the car. Is there any rust? Does the AC work? If everything else is ok I would get it fixed.

[@Firebird_876]

Greg Sheeter some mechanic would have probably bought that car and pulled the transmission out and fixed it from like 800 dollars. Then he’d probably sold it for 6,000 dollars and bought something else to fix and sell.

[@DirtyPrancing]

It's a Nissan. Does that help? :P

[@Kunta1926]

The only thing I learned from this is don't buy a Nissan.

[@garlicgirl3149]

Really?

[@zodglubby]

Thats the only thing?

[@JulioLopez-xz5kx]

Nissan have been trash since Renault bought them out in the early 2000s

[@erickeith1001]

I've had three Nissan's I love Nissan

[@fastfeets2695]

Scotty Kilmer

[@eacjones]

No car payments YES!!! I had one car payment when I paid for my toyota, CASH! Thank you Dave! Toyota so good!

[@foford2010]

According to Scotty Kilmer... 5 Worst car brands 1. Fiat / Chrysler 2. GM 3. Nissan 4. Kia 5. Mitsubishi 5 Best car brands 1. Toyota 2. Honda 3. Ford 4. Mazda 5. Subaru

[@easton7131]

I thought nissan was good?

[@foford2010]

@@easton7131 Not since they merged with Renault and put CVTs on most their vehicles in the 2000s. In the 90s Nissan was great.

[@blacksabbath4252]

What about chevy

[@user-tb7rn1il3q]

@@blacksabbath4252See GM

[@Thomas63r2]

I am so happy that I am a “master” hobbyist mechanic who is not afraid of repairing anything on a car - I’ve done transmissions! Most only need about $600 in parts. Also: avoid anything with CVT or direct injection!

[@brandonjohnson5205]

2013 nissan maxima cvt 230,000 miles going strong!

[@Thomas63r2]

@@brandonjohnson5205 Well bless your car - with millions of Nissans made, there have to be some outliers in the statistics. Bet it won't work that way on your next Nissan CVT. All you can look at going in is the averages, and by a long shot the averages do not favor Nissan CVT's.

[@NikkiSchumacherOfficial]

Yes!!!! Ten years of marriage and $1,500 is the most we've spent on a car. They last just as long as the expensive ones if you buy the right car. Our Jeep has lasted 5 years for $1,500 and going strong. All minor repairs. Our Honda for $750 same story. You are so right Dave.

[@wldktz1]

Really depends on how many miles you drive. If you drive infrequently it might be okay.

[@charlesquinn7622]

mechanic husband??

[@overratedsrtchallenger]

Heard Nissan rouge and instantly knew it was the transmission

[@brokntoster]

Wouldn't a new $3k transmission for an otherwise perfect vehicle (worth $8k after the work) make more sense than downgrading to a $4k vehicle? Like Dave said any vehicle can have a transmission die so get it fixed and enjoy the warranty on the replacement while it lasts!

[@peartfaldo]

not with a cvt transmission. guaranteed to go out. get rid of the nissan

[@jacobrinehart8780]

Only if you do it urself

[@davidking4779]

35 years in the business, I would fix the car that they have. It would be no different than buying another used car that had a brand new transmission with a warranty.

[@Ceannadach]

That’s what I’m not getting. If you have a solid car, outside of the transmission issue, why buy another one you know nothing about? Get the new transmission with a warranty and problem solved. Nissans aren’t bad (their transmissions are eh, but the motors aren’t bad).

[@marywebb9127]

I am so glad I started listening to you six months ago. I am changing my family tree! Thank you for your Godly wisdom on handling money.

[@DNR5586]

"Had to get a bigger engine because the bass were outrunning them..." LOL, I'm dying over here!!

[@TheLizardKing1967]

Dave said - 1:48 / 7:43 > "I'll walk before I will have a car payment". I LOVE IT! God Bless you Dave! You are the BEST!

[@shavefan12]

Sadly she’s not going to follow his advice and will be calling in next year because she has a $20k car note.

[@chartuck]

You can hear it in her voice and the way she is saying "mmhmmm". She has no interest in having a similar car, she just wanted to hear Dave say don't put money into the broken down car you have.

[@mandosandradios]

That's probably true.

[@martinladjimi3238]

bhs she was busy searching for a fancy car on autotrader lol

[@michaelmarquez6133]

Hahaha she has four kids and needs a new car!!

[@MacTechG4]

Michael Marquez ; she feels she’s “ENTITLED” to a new car, entitled parents are the worst, I’m surprised she didn’t bring out the “my kids got good grades, they *DESERVE* a new car!” Trope

[@camomarv]

My priority is to live free and stay that way! This is why I like Daves message so much, thank you Dave 🤠

[@dbrewer53]

Bad Advise Dave. She can get another tranny or repair this one for less than 2900. But buying a 3000 car is beyond stupid. Dave you’re awesome but you’re wrong on this one

[@OhYeaMista]

Yea if the car is otherwise reliable you now have a car with a brand new transmission for $2900, instead of an old beater with who knows what problems.

[@gibramdiaz-gutierrez625]

I love when Dave pauses his guest when he is giving his dissenting opinion lol. I think he has stopped me twice from buying a car 😂.

[@tnetroP]

I almost made this mistake and stopped myself getting into debt at the last minute. My old Golf died unexpectedly and we decided to buy a newer one instead of repairing it. I gradually talked myself up in price and was taking out a very large loan to buy a luxury Audi. But it just didn't feel right. So I cancelled the purchase and am now looking for a car in the £5,000 to £7,000 range which I can buy for cash. I feel so much happier not having a debt.

[@mikes1929]

$3000 cars cost $3000 for a reason. If the current car is in good condition aside from the transmission, fix it.

[@rons.6683]

mikes1929 that’s right

[@jimwavect]

I agree. Have a '13 Altima which looks and runs like new with 84k miles. If the transmission failed it would be pointless to dump it for a used car I knew nothing about versus keeping the car I've owned for 5 years and know.

[@rons.6683]

jimwavect no doubt

[@romariosmith422]

Know about cars before trying saying anything.

[@aestheticsunited3864]

Dude... if a tranny has gone out on a car, it’s bound to have other major issues pop up soon. Imo she def should just finance the car for a year. Relying on a $3,000 car with 4 kids and being on a fixed income isn’t a smart move imo, because like you said, a $3,000 car is $3,000 for a reason. She should just get a reliable used Toyota that’s like 6 years old or so

[@mightysilverback5854]

Been driving my 1995 Chevy Silverado that I bought for $2000 for about 10 years now. No major problems. There are no rationalization for car payments!

[@wldktz1]

What works for you may not work for someone else. Also not everyone is mechanically inclined or has the time to work on a vehicle. Paying a mechanic can be very expensive. It’s a risk either way.

[@innergoof19]

"My car has scarred me psychologically..." Amazing sentiment. I'm driving a p.o.s. car and listening carefully!

[@brookiebakerie]

😂😂😂DYING as he's describing that Cadillac! 😂😂😂

[@jasonbenoit7850]

This is a known issue with these. When was the car purchased and how much mileage is on it? Nissan extended the warranty on these to 10 year/ 120,000 miles. Might be worth looking into.

[@acebragg5559]

Sounds like they've owned it since new.

[@ultrahighgain412]

Dave never seems to take any stock in the concept of the devil you know and the devil you don’t know. Getting a “new to you” car is always a wild card vs fixing your existing ride which has served you well for years before having an eventual mechanical failure.

[@gregdubya1993]

I'm driving a 20 year old car. 150,000 miles. Well-maintained, runs like a champ. Paid $2800 for it 5 years ago.

[@09rfields]

You can get a decent car for 3000, hire a reliable mechanic to look at the car before you purchase it

[@DavidWilliams-vc2ms]

Well said!

[@TheWaterman1000]

I have a 2000 Toyota Camry as a backup and still runs great. If your car is mostly in good shape it would make sense to repair it.

[@bestservedchill1489]

My Financial Peace car is a 2002 Hyundai Santa Fe with 148k miles. Every oil change I get they give me a list of things I need to fix. I take that list to my mechanic and he tells me if they need to get fixed or not. If they do I buy brand new parts and fix it before any major problems start to happen. This method is so much cheaper than a car payment. That's how I've been able to pay $25,000 towards my student loans. I'm on the road towards financial freedom! Thanks Dave.

[@wolfalaska7638]

I bought a 2004 Mercury Grand Marquis Ultimate edition last week for under $6,500. 44,000 miles, perfect leather seats, everything works like new. One bulb ($4) needs replacement . I'll do that myself this weekend. I didn't pay cash...it is too heavy. I had bank issue a cashier's check from my checking account. I've been with Dave since 2000. Debt free since 2002 Let's Roll! Wolf

[@MichaelJayValueInvesting]

If the $3000 car breaks down, you can buy a completely different $3000 car and still come out ahead vs the $8000 car. No guarantee that the $8K car will have any fewer issues than a $3K car.

[@righand]

Michael Jay - Value Investing thank you for repeating EXACTLY what Dave said.

[@justifiably_stupid4998]

By your logic, why not salvage the $3000 clunker and buy a $1000 clunker? They all have the same chance of breaking down, right?

[@SAAN27]

$3,000 cars are generally trash and can easily need three to $5,000 of repairs if you're not mechanically inclined to fix it yourself, her car is a $3,000 car because she is only 10 years and knows the history of it problem

[@Grace2abound]

SAAN27 the cars you know..end.

[@XpertuZ29]

SAAN27 So what do you think? Get another car from 2014?

[@genxmurse7019]

I question Dave's reasoning in this. She had the money to fix the car, so why spend $4000 to fix a $2900 problem?

[@DesiMeRollin290]

It’s because the car will probably continue to have more issues

[@andypetrovich2155]

@@DesiMeRollin290 At least the car is rolling down the road making you money with the hope you can buy a better car in a few months.

[@eclpzlvr97]

@@DesiMeRollin290 but likely so would a different $3k car.

[@hermanwooster8944]

I don't get this one either. The only possible answer I can give is it's a Nissan and maybe Dave is thinking that getting a more reliable car is better, but the more reliable cars have a higher resale value and are usually much more expensive to buy.

[@chrisbouchard4883]

The less money you spend on a car the less devastating it is when it breaks down. Scenario 1.) $1,000 car lasted 1 year you were able to save $5,000 in that 1 year. Scenario 2.) $6,000 car lasted 15 months and you only have $1,000 in the bank. The less money you invest the less of an impact a breakdown has on your bank account. Cars are efficient pieces of machinery. The odds of finding a reliable used vehicle outweigh the fear of driving a used car.

[@mandosandradios]

$ 507 monthly for 40 years at 6% has a future value of $1,001,867

[@chadnijim7323]

nah bro 12%. Always 12%

[@Kevin_Roche]

6% is a safe expectation because you're never investing every dollar all at once. Also, the average investor will not get returns much higher than that.

[@cm01]

K R using an investment calculator, it's over $5m at 12%. And 12% is safe. 12% is average.

[@Kevin_Roche]

Caleb For today's market, 12% is not a safe bet, especially not consistently. It's really not that easy, and expecting that to continue from all time highs is delusional.

[@cm01]

K R sure it's not the market average, that's what agressive portfolios and mutual funds are for.

[@aimanal-akwaa110]

Seriously Dave...replacing the transmission would be the most viable option. At least you know you have a new transmission.

[@RainbowManification]

The transmission is usually the first thing to go before everything else starts breaking. If the transmission goes it's time to cut your loses

[@stalstonestacy4316]

Mmhmm. Mmhmm. Right. Mmhmm. Mmhmm. Mmhmm yeah. Right. Mmhmm Didn't hear a darn thing

[@chucknoob7041]

Stacy Stalstone - Yeah well he gave some pretty poor advice on this one. If you have young kids you can’t gamble on a POS car. Fix the Nissan (and plan on another 80k Miles) or buy a newer (read reliable) used car for 8-10k and pay it off as fast as possible. Buying a $3000 car is a huge gamble ( in general, I know people will start giving examples of their cheap cars, I have my POS commuter too....)

[@KeitariousTWilliams]

You betta preach. This is Probably my favorite call from you ever.

[@mriphone1000]

Well sounds like she'll run to the dealer.

[@1978mackdaddy]

ANd that is the smart thing to do.

[@Redbikemaster]

@@1978mackdaddy nope

[@michaelb.8953]

People make fun of my body, but at least I work.

[@Trillavision]

Michael B. 😂😂😂

[@Excalibur2]

Maybe you should work on your body

[@Brooke7114]

🤣🤣

[@TomTom-gn9mp]

Michael B. At woman's club?

[@darylkizer]

I'd want to know the condition of the first car, the Rogue. They have known CVT issues, so if it's just $3k to fix the transmission and you're likely to be done for a while fixing things after the repair, then I would say the repair is the better option. I've never owned a Nissan but I consider them reasonably reliable cars despite their issues. My preference would be a Honda or Toyota from the beginning, however. Also, I think the idea of comparing the cost of a repair to the market value of the vehicle when deciding on the repair is fundamentally flawed as a car-owner; you should really be considering the cost of the repair with the cost of the vehicle you would have to buy to replace the car needing repair. That is what your pocket-book is going to feel. You are looking for the cheapest path to reliable transportation.

[@joshuarodriguez1191]

That's exactly what I needed to hear! Thank you very much.

[@fearlessreview]

Still pretty new at 2008, if you fix the trans it will last you another 10 years

[@americanpatriot8426]

fearlessreview it’s Nissan 🤣🤣🤣

[@DrFuzzyxFuzz]

Nissan is absolutely trash. Run.

[@dkBybee]

This is a Nissan, not a Toyota. It worked for those 10 years. Don’t throw good money into a worn out car.

[@zodglubby]

Exactly, probably a CVT, surprised it lasted this long (constantly variable transmissin)

[@TechnoH0bbit]

As others said, it's a Nissan. It'd be a waste, at that milage the transmission is just the start of the issues. Nissan's used to be good, but they have really gone downhill. Best course of action is just to do some research on reliable cars (spoiler: Toyota Corolla/Camry or Honda Civic/Accord) and put the money towards a used mid-90's-early 2000's model year car.

[@kdash3215]

"It doesn't seem like it would last us" lol, lady. You drove the freakin car for 10 YEARS. Considering the way new Nissans are, you got pretty far on that transmission. You probably have a solid car. Things break. Nothing lasts forever.

[@michael567jober]

My car payment is less than $200 but my car is 10 years old with low mileage so it's a small loan.

[@thekingofthisworld2154]

I love Dave Ramsey, but when it comes to cars, it’s best to ask Scotty Kilmer. He would direct you to a super reliable car on the cheap.

[@Kureni]

pretty much he will say get a toyota corolla or camry - they may look bland but they are bulletproof

[@SOFISINTOWN]

You totally cracked me up with the 3 month-car description! :D

[@conquest7563]

Dave,l bought a 2600 Buick century 3 yrs ago still going strong.

[@imout671]

The bluebook price is a fallacy in thinking. Just keep fixing your old car if its fixable unless you can get a newer car with no payments.

[@bradleymaravalli2851]

Two of my friends each bought brand new cars in 2016. They were always at the dealer getting something fixed. BRAND NEW and still needed fixing.

[@ryp2338]

The bondo car story lol 😁 Dave Ramsey's the 🐐!

[@randc5695]

Nissans are great cars. I’ve had several of them. The Murano I drive now is 8 years old with over 250,000. The transmission went out at 239,000 miles. Out of all of my cars, I took the best care of this Murano. You must do regular maintenance. I did have a rebuilt transmission put in it a year ago at 239,000 miles. The car is still rolling.

[@JS-wl3gi]

I try to fix things if it's with reason and after the fix, the car runs the same or better. My cars are going on 15 years old and are keep in the garage. I get the 50000 tune up service and checkup. One piece of the puzzle I am using to stay out if debt. I just have the house mortgage left.

[@sliceofpay]

Comparing payments- I mean cars. LOL that cracked me up!!!

[@ad8411]

I hate Nissan as well. I had a 2004 Sentra which I purchased in 2004 and it gave so much problems. It finally died in February. I am trying to decide whether I should but another car or continue taking bus. Not sure if I can do it in the winter. I am saving money and thinking of having to payout all that money and high car insurance is hard.

[@alagogo]

I know he means well , but sometimes Dave's approach comes across as mean spirited to people. I guarantee you she's got a new car and a car payment . 😔😔😔

[@p31ChicaLove]

There is greater rewards in waiting for the best of the best! “As for me and my house, I’m gonna serve the Lord”... WORD!

[@KookiDowg]

While I took the time living with my dad, I purchased an old car (92 Honda Prelude) that was just a bare shell but with a clean title. So I took the time to purchase and rebuild a motor, drop in a transmission and ensure all my wear-and-tear components are replaced. Although, this is not a guarantee that everything worked okay but because of this, I learned to wrench on my own car whenever it did broke down when I moved out. Probably a bit overkill for anybody to do but this is one of my favorite cars of all time and I wanted to somewhat stay frugal when I was out on my own.

[@gorutra]

2000 Acura TL still going strong. A trusted 👨‍🔧 is a blessing.

[@Fnoel98356]

For me it's very simple; get the transmission fixed. If you get another 7-8 years out of it, how much money have you saved for your retirement fund? Yes I know that something else can go bad, but doing routine maintenance can make any car or truck can make it last so much longer. I will put it this way; if the roof on your house is leaking, do you tear down the whole house? No, you fix the roof.

[@wldktz1]

A car and a house are not the same. Houses can appreciate while cars will depreciate.

[@iPervy]

You could get a great corolla or camery for 3000. May not be a looker but you can definitely get a solid car thatll last you.

[@666dynomax]

@Anthony craigslist

[@Kluddman]

I do it all the time! Corolla is my fav. car!

[@revenez]

Wise words, thanks.

[@ilha601]

Don’t buy not even a wash machine with a cvt transmission

[@justanotherguy4283]

I don’t have a car payment of $550. It’s $140... I paid off my last car in like 2.5 years

[@sirjohndoeofpa3292]

I paid cash for my 2017 GMC👍

[@justanotherguy4283]

Clark Kent How come such a new car? I can’t imagine spending over 5K on a vehicle

[@justanotherguy4283]

Fila Kri Right! Sadly I know a few people that do have those 400-500 payments 😨

[@danthemann6565]

Very good point Dave.

[@Mr1982shawn]

The most important words I've heard from Dave are in this video!!!

[@4dscdriver]

Fix the car. You already know the history of it. Buying a $3000 car with unknown history is stupid.

[@mylesgray3470]

4dscdriver Typically I would agree but in this case, I would junk the car since the transmission on this car has a near 100% failure rate. The new transmission is likely to fail again in just a few years and the car is very low resale value due to this know problem. It’s a throw away car sadly.

[@DarkroomMedia007]

@@mylesgray3470 i agree

[@haha-cm6pg]

I have toyota corolla 2003, I payed for it $3000 3 years ago. It is just running great. Recently I had an offert to sale for $ 3000.

[@1978mackdaddy]

Your a smart person your exactly right!

[@romariosmith422]

@@haha-cm6pg only an idiot would buy that for $3000

[@Derek8487]

Jatco transmission strikes again

[@lukem9246]

I’m 24 and just bought a $8500 vehicle and my co worker was like “you should’ve financed it” 🤮

[@bmaiceman]

Rent a car for two months???? So after watching this VIDEO I called EVERY EVERY car rental in my area. Including air port... #1 it would cost like $900 a month cheapest..... Before insurances... #2 three places REQUIRED CREDIT CARD!!!!!!!! So much for that IDEA!!!

[@tatialo37]

Look for non cvt trans car or better yet 5 speed manual!

[@kemalnuryaman7936]

should've bought a 1994 celica instead of those nissan tho 😜

[@rebeccashields9626]

I hear there’s a man in Texas with one in his garage he might sell you.

[@robertomartinez-martinez5668]

REV UP YOUR ENGINES!!!

[@paystyles5429]

Kemal Nuryaman or matrix😊

[@king-emperorbotolfzainisem730]

I can understand telling someone to not buy new But buying used at 16k for 5 years isnt bad I bought a nice car for 16k, 19k after tax Payed it off in two years Now i own nice car, and its great.

[@healedforpurpose1793]

Amen. Great Gil for your Show.

[@rickybobby9387]

I used to sell Nissan's and I wouldn't buy anything with a CVT.

[@magsteel9891]

Ricky Bobby I got a rogue with a busted cvt from a relative for free. Got the local dealer to replace cvt for half price because it was just over the extended warranty limit. So for $2500 it's probably a good car for my kid to drive for years. Of course they also quoted me $5000+ in other repairs that I declined. It's really annoying when they quote $800 for a half shaft and a couple grand for lower control arms when they are already doing the labor just changing the tranny. And a thou for an exhaust pipe rattle that needed a $1 band clamp. Whatever. Everything else cost me a few hundred in parts and a few hours to do it.