You’re Deep in Car Debt!

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[@TheDjcarter1966]

It always amazes me how most of America has their retirement and kids college fund and financial freedom sitting in their driveway

[@FourFourSeven]

If they'd drive more modest cars AND learn to keep them maintained themselves, this would be far less of a problem.

[@oldhag2881]

I hope people like their cars. Many will end up living in them.

[@steelcastle5616]

How did you come up with "most"?

[@SMetz-cw6qj]

So true!

[@HPX584]

you gotta enjoy your life too

[@davidbarroso57]

dude is shy of a 200k yearly salary and has no money in the bank. absolutely crazy.

[@jonathanandrew2909]

He likes to make it rain. Good on him.

[@joeishere500]

But he's so smart right....

[@mocheen4837]

He can get out of debt quick though. He has the income to pay everything off.

[@curiosityredpill7030]

That’s what happens when neither you are you spouse think about savings

[@andersonnascimento939]

Oh. He makes 200k. He has money in the bank! His money is just owned by the bank.😅

[@Seanmirrer]

Now is definitely NOT the time to be buying a car. Average car cost $47K?! That's insane! Check your ego at the door - you need a vehicle to get back and forth to work, not to impress anyone. An auto finance rate of 7%+ is an insult to anyone with excellent credit. No thanks. Those new cars can sit on the lot and rot away for all I care.

[@Rhgeyer278]

I'm with you. I don't care how much it costs to keep my current cars running. I'll drop new engines and trans if necessary I refuse to buy a new car.

[@GaryWinstonBrown]

Yeah, Im glad I keep seeing this message because I want a new car, but man these prices are crazy

[@RandalHebert]

The best course of action is to ask a consultant or investing coach for guidance or assistance on purchasing a car. Speaking with a consultant helped me acquire my car effortlessly using the best plan available without affecting my portfolio.

[@Ashleycorrie8494]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person

[@PennyBurdick318]

Found his website easily. It was like the first thing that came up when I searched his name. I'll surely touch basis with him to see what the best step is for me to take right now. THANK YOU!!!

[@danielrn133]

Makes 180K a year. Flat broke. Zero money in savings. Gotta love it.

[@stratonarrow]

If this dude puts together a budget, he will be SHOCKED at how much money he’s spending.

[@TzUuup]

Crazy how Dave didn't even ask where all his money was going to. Yes his cars and mortgage, he has alot more money going elsewhere as well

[@imveryhungry112]

I watch ramsey in the morning now instead of politics i feel better 😊

[@willfunderburk6240]

Cutting out politics every morning did more for my mental health than therapy ever could

[@imveryhungry112]

@@willfunderburk6240 your smart. Thanks for the reply

[@twovirginiacats3753]

Good point!

[@LifeHappens2]

$90k worth of cars with no savings is definitely a red flag

[@steelcastle5616]

Sure...that the guy who entered into a deal like that is a financial idiot.

[@DDDD-of3hv]

red flag of how stoopid and greed take over???? i agree people are stoopid.... if you cant pay for a car, you CANT afford a car

[@Pablo-cs5sc]

"We bought this house with no money down" Dave: "yeah i can tell" lmao

[@blackworldtraveler3711]

Yeah that was funny.

[@cynthiaborden4209]

Dave has good one-liners

[@ronolson2024]

Just had a conversation with a classmate where he showed me his new 2024 F-150. It's his 6th or 7th New vehicle in the last 11 years. He's retired, has no money saved, & lives on a monthly pension of $2,400/month. His monthly pickup payment is half of his pension. Too many people have this disease. What's worse is that he doesn't even care.

[@CarlaQuattlebaum]

@ronolson2024 - That was painful to know this guy has such an expensive truck!

[@robloxvids2233]

Damn that might be the dumbest person alive. Including Biden.

[@fisephalnoxt]

Really depressing

[@user-ub8uc8gq7r]

Irresponsible is an understatement. Goodluck to him lol

[@barnabusdoyle4930]

The mindset of “I work hard so I deserve to have _____” is one of the most dangerous things in our population. It’s as American as apple pie and in 20 years will result in a lot of homeless elderly people.

[@matthewseel5961]

I'm amazed at the amount of people that think having a car payment is just something that everyone has to have. I'm 28, never had a car payment in my life and I don't plan on having one. Cars are tools we use to get places, not toys.

[@TheSupervillain316]

I didn't until I was 33. Made sure I took care of other things first

[@AngieMcdonald-fu9nh]

Agree. I bought a basic car for 4k cash a year after i got my first job. Then 15k cash 8 years later i got a focus with 12 months warranty when i finished studying and got a well paid job. Drove that for 12 years while i bought a house and some investment properties. Just sold that car for 3k and bought a 24k (cash) 2022 fully specd suv with 5 years warranty I feel like a a queen in the new car and ive spent a total of 40k on cars IN MY ENTIRE LIFE. This car will last into my 50s. I have personal net worth separate to hubby and fully earned without help of over 3M. Including the home we live in and i still put off upgrading my car until my old one started struggling with second gear. I cant imagine having as little as this dude and having a leased car with a balloon payment of 50k! Where i live when a guy spends too much on a car we waggle our pinky finger and acknowledge hes compensating for something.

[@twovirginiacats3753]

I've had car payments, but I keep the car payments low and pay them off as fast as I can. (I hate car payments.) Then I keep the car for many years and take care of it. I don't buy fancy, high priced cars either. I generally stick with lesser priced Toyotas, Hyundais and that sort of thing. It helped that my husband could repair just about anything!

[@TheSupervillain316]

@@twovirginiacats3753 same here. I've always been a minimalist with vehicle purchases, more gadgets just means more problems down the line

[@evanscouponmommy7816]

I love when one of the hosts ask “do you have any money saved” 99.99% of the time it is a no

[@jonathanandrew2909]

Does it make you feel better about yourself?

[@riaanhendricks9207]

@@jonathanandrew2909 I bet that 99.99% of the time, it does 🙂

[@MisterMcKinney]

Sex!!!!!

[@koreyg8552]

@@jonathanandrew2909yes it does , any other stupid questions?

[@jonathanandrew2909]

@@koreyg8552 just one: why u so gay?

[@MichaelDavis-cj1yj]

Dave Ramsey's insights have been a game-changer for me! His practical approach to financial management has empowered me to take control of my money and work towards a debt-free life. The Total Money Makeover is my go-to guide, and I appreciate how he breaks down complex concepts into easy-to-follow steps.

[@royroy4481]

😂JENNY PAMOGAS CANAYA SCAM!!

[@johnganze6044]

Love how Dave knew he had no savings before he even admitted it 😂

[@natersalad889]

After listening to this show for over 15 years, I also have learned to read people pretty well based on how they talk about their financial picture without them even saying some of the big details yet, like just after their opening comments usually

[@DadinWA]

guy is 35y old. still young to turn around the mindset and with a nice income, he can quickly turn it around. thanks for sharing.

[@oldbloke204]

I would put money on that never happening.

[@turtleanton6539]

Yea indeed😊

[@jonathanandrew2909]

⁠@@oldbloke204yeah, it’s going to take discipline. Most people’s expenses start catching up to their income after awhile. Especially with car payments.

[@oldbloke204]

@@jonathanandrew2909 It's very easy to go from spending little to spending more but difficult to go the other way. It will take big commitment from both parties which is unlikely imo. Hopefully I'm wrong for their sake.

[@jrey1]

I'm the same age and our household income is right around 100k and all we have is my wife's car debt. Its insane, i wish i was in HIS shoes, I'd turn it around real quick

[@RafaelHernandez-vt8fu]

One of my friends just leased a 2024 Yukon Denali for $1,300 a month. Insane

[@user-ll7pm6mq4z]

Let your friends live the life they want. The Yukon makes them happy

[@d_all_in]

​@@user-ll7pm6mq4zthis is like watching someone doing heroin and saying whatever makes them happy

[@thebastardgift]

Stupid car debt, no savings, AND he is moving to Florida where people can't afford homeowner insurance and HOA assessment fees... I don't think it takes a crystal ball to realize what happens next 🙄.

[@jimroscovius]

They will always be broke. They could live in a cheaper area, like we do, and live great - lower housing prices and no HOA fees.

[@littlesongbird1]

I agree...my bf just rents in FL and it's pretty high and I am in NJ with a high cost of living as well so that's saying a lot! i don't why people seme to think Florida has a low cost of living.

[@gamerjohn310]

​@@littlesongbird1it used to thats why. Also, compared to cali and ny its cheaper

[@djpuplex]

Orlando Florida ain't cheap.

[@danielrn133]

Homeowner insurance in Florida is skyrocketing. I moved to northern Wisconsin a couple years ago from South Carolina and it was the best move I ever made. Way cheaper. Way less people. Quality of life a gazillion times better. I just take one warm vacation in winter and I am good.

[@Rashaadthegr8]

They owe more in cars then most Americans make. Dang.

[@thomasfranco5997]

I have a neighbor who leases vehicles for three years and keeps leasing new cars. I have a 2006 Lexus Ls 460, my only vehicle I bought used for $25,000 in 2011 paid off in 2016. I have 148,000 miles and it still runs like when I first bought it. I only had to change the transmission, and recently the radiator. I want to buy a new car, but my father tells me to wait till it runs no more. I see guys in my hood driving a new Corvette and a new Mercedes. They are both retired, and I recently retired in Sept. 2021. My father is a Korean War Vet. and always told me to save money since I was a kid. Now he has 3 rental properties in California, and they are all paid off. He is also a retired Income Tax Consultant after working 50 years.

[@fisephalnoxt]

That LS460 is the one of the best Lexus ever. Surprised you had transmission issue. Please change your trans fluid every 40k miles.

[@parker1981xxx]

LS 460 is a budget grocery vehicle, how did you end up paying 25k for it??? 😂😂😂🤣

[@thomasfranco5997]

@@parker1981xxx I went online, and I had seen it on sale at an Orange County dealership in Westminster, Cali. It was the lowest price online out of all the other LS 460 at the time. It was in 2011. Now they are a lot more expensive, and most have over 100,000 miles on them believe me I checked. Mine had 65,000 miles on it. In 2024 still runs like new. Very quiet and smooth like driving on a cloud. Now 150,000 miles.

[@xlerb2286]

Ballpark same income, zero car debt. I drive an 8 year old Subaru that I paid cash for. Every time I start thinking it would be nice to have a car that's a little snazzier I just watch a few Dave Ramsey videos. And that works, I drive past the Audi dealer on the way to and from work and I'm still driving the Subaru. And did Dave say "stream of payments" or "scream of payments". I like the latter.

[@integralx1988]

I am sure your financially responsible lesbians. Congrats

[@johnc2438]

@@integralx1988 Whose "financially responsible lesbians"? Yours or mine?

[@xxBLKSNXxx]

Congrats?

[@DDDD-of3hv]

@@integralx1988 you are stooppid

[@sterlingw33887]

Dave is right, I work for a captive auto finance company and when building out the account overview page, management specifically asks us to hide the lease factor “interest rate” for lease customers. However we must show the interest rate for retail customers.

[@Angie0214]

Wow that's wild

[@FTG2Eli]

Thank you for that information!

[@InternetUser._]

Had a guy tell me there was no interest on leases and I didn’t understand them. Lmao

[@alanlippincott2802]

I had them try saying no interest just a finance charge each year. "And what is that charge?"..... no answer

[@ryancraig4811]

Money factor what?

[@gothops2632]

I like Dave Ramsey. I think he's a real swell guy. A real guy's guy, a real life of the party kinda guy. I know I'm repeating myself a bit here, but boy oh boy, I gotta say it, man. Dave Ramsey really does come across as one HECK of a super swell guy!

[@jermainerobinson7098]

Love watching Dave Ramsey this is a great start to anyone’s year keep the videos coming 👏🏽👍🏽👊🏽🥂

[@YT0091]

I'm not going to lie. I watch a lot of these videos to hear people regret their stupid choices. Then get a sense of pleasure for not making those choices.

[@turtleanton6539]

Indeed😂 yea

[@TheJacali]

Haha totally

[@philipgerry5228]

You will have endless entertainment.

[@Rdsxfn]

Same lol

[@xxBLKSNXxx]

Be glad they do. The economy would be in ruins if not for auto loans .

[@mike111777]

I've lived in the Orlando area for over 30 years. Married with children. Oviedo, Winter Springs, Longwood and Chuluota have great public schools.

[@lorenzomoore6398]

Fleece I love that word.

[@brandobecerro]

I got 1 more year to pay my truck off. I can’t wait to not have a car note anymore. Last new truck I purchase. I luckily bought my truck new $10k below MSRP in 2019. I will be taking the money I would pay on my truck and put it towards buying a new home in the next few years.

[@nukedogger86]

When he said he was new to making that money, we can tell... showing off how much they make by blowing it all.

[@haydenb9074]

The thing is, you can get really nice, reliable and/or cool vehicles for not a lot of money, you just have to make sure it has a good service history & doesn't becone a money pit as they age. I paid 6k for my used mid 2000s Lexus with 180k+ miles on it & it runs & drives better than a lot of cars half it's age

[@InternetUser._]

I’ve never paid more than 8 grand for a car in my life, and never had a repair over $500.

[@jasonleatherwood2172]

I picked up a 2000 honda prelude 5 speed for 3500$ its mint a 1998 tacoma 4wd 5 speed showroom condition for 10000$ and 2 150k mile 2010 lincoln town cars for 4000$ each thats my used car fleet i got everyting covered my dailys “town cars” go fast car “prelude” and my workhorse off road snow car the tacoma and since they old i pay like 120$ a month to insure them all and that’s full coverage on the tacoma how did americans get conned into buying 50000$ cars to save money on repairs

[@fisephalnoxt]

yes, mid 2000 Lexus are the best used car to buy. ES300, ES330, ES350, GS350...

[@BlueStreak706]

@@fisephalnoxtI got a 2015 NX in 2018, been 5 years no issues. They’re great cars too.

[@fisephalnoxt]

@@BlueStreak706 Yes!

[@bellabobbybob3476]

Haha,making $180k with $89k car loan is funny! Also no saving is ridiculous! 😂

[@lionheart93]

not bad he can make it

[@kojo_X]

Talk about pay check to pay check

[@dr_pinna543]

Better than that debt making half

[@b.c.2836]

I see 89k as a big chunk of the worth of a house, what a waste

[@superblump87]

​@lionheart93 you sound like a broke person. He should be buying cars with cash.

[@ItsEricAZ]

Lease car payments will also impact how much you can borrow as it counts as a credit payment. Paying them off or selling them before getting a mortgage will prevent this headache from happening. Lenders want to see folks with credit card, car payments, etc under 10% or so and your average lease is going to be 10% or more of monthly gross income. What this means is you qualify for a smaller mortgage meaning a smaller house.

[@5995Jiol]

Yikes

[@maddywadsworth4312]

Thank you so much for adding the information at the end about why leases are priced the way they are! I’ll never forget when I was in high school my 11th grade economics teacher told us that leases were the smartest way to stay in a brand new car! Can y’all believe that?!

[@arh1234]

Apparently, leases are indeed cheaper than buying a new car (selling the previous one) every 3 or fewer years. They're not really the optimal approach for early wealth building

[@nightreader1264]

If you buy a new car- you drive it at least 10 years!

[@HizJohnnyShinning]

Factssss

[@patriciaramirez3139]

I BOUGHT A BRAND NEW PICK UP IN 2007 AND I STILL DRIVE THE SAME VEHICLE AFTER 17 YEARS, SO FAR I HAD TO FIX THE A/C, BRAKES AND BOUGHT A NEW BATTERY THREE TIMES IN 17 YEARS, BOUGHT NEW TIRES AND OF COURSE I HAVE TO KEEP UP WITH MAINTENANCE LIKE OIL CHANGE, BALANCE AND ALIGNMENT, BRAKES, TUNE UP ETC. SO FAR I THINK I HAVE SPENT ABOUT $7,000 MAINTAINING THIS VEHICLE DURING 17 YEARS. I WILL NOT PURCHASE A NEW VEHICLE UNTIL MY MY CURRENT VEHICLE FALLS IN PIECES. I ALSO HAVE A TOYOTA COROLLA IS 26 YEARS OLD I BOUGHT IT BRAND NEW WHEN MY SON WAS BORN, THE CAR IS STILL RUNNING AND I USE IT WHEN MY TRUCK IS IN THE SHOP FOR ROUTINE MAINTENANCE.

[@DontAtMe2k24]

IMO a new vehicle when maintained should easily last you 15 years. No longer is 100k miles a lot.

[@Jenda-ld8dj]

@@patriciaramirez3139 We do the same thing.

[@mocheen4837]

My 4Runner is 34 years old now. Things are starting the break so I am selling it to purchase a new car. I purchased it for $9000 back in 1999 and I am selling it for $4000 in 2024. I put 190,000 miles on it.

[@Luca-sz5uy]

As a non American I am used to new cars being configured and then ordered, not bought on the spot (it just doesn’t happen where I live). It surely incentivises impulsive purchases to have immediate access.

[@trainsandlocomotives]

Buy a good used fuel efficient Toyota or Honda. Pay it off. Enjoy the ride.

[@ryancraig4811]

Probably better off continuing to make payments and then hand the trucks back at the end of the lease. Guy has put no thought into this, other than moving to Florida and getting another VA loan to skip the down payment.

[@sergiozamorano6413]

A little struggle to buy a car cash makes a huge difference

[@GIUL7301]

2- 20 year old cars here. 02 Xtrra 4x4 full coverage ins, registration and maintenance $900. A year. 04 silverado 4x4 Same thing. $1,100. a year. We do have a continuous $8,000. emergency saving for repairs. Nothing major yet. But we are mortgage and CC dept free also. Vehicles are bad. .

[@advancedchiropractic667]

I ran into a dozy yesterday. A 27 year old, renting home and driving a $110,000.00 truck while working a part time government job. She purchased 1/10th of a million dollar car and has no money for gas or food. How and why?

[@anabelled4459]

I don’t care how rich I am, I’d never buy a 100 k car.

[@sharonspeicher2017]

Sometimes renting costs a lot more than a mortgage right now.

[@scottalbrecht6937]

Yep. But some people can't afford the down payment

[@georgeslupski5987]

Not really when you add taxes, repairs, hoa

[@markg999]

People getting into big car debt is tied to depression I have no doubt and low self esteem. They feel down about life want to be respected and figure an expensive car will buy respect not thinkinvg of what they will have to pay.

[@well-blazeredman6187]

One of my family members has just been divorced for a third time. He's buying a car this week and it will cost him about 5000 dollars - and many of Dave's callers should be similarly frugal when it comes to choosing what to put on the drive.

[@christinebutler7630]

He needs to quit marrying them. Rent a chick is a lot cheaper. These days, many girls are just giving it away to all and sundry for free. As long as he gets snipped so nobody can try to nab him for child support, he can quit paying lawyers if she just quits getting married.

[@logdon17]

My 2 paid off vehicles (both purchased used for under $20 grand) have never prevented me from doing anything I wanted to in say a $50k vehicle. I have since taken all my extra money and paid off my mortgage 23 years ahead of schedule. And all that extra money now is going into investments and not a new car. Maybe when i reach $2 or $3 million net worth I will buy new.

[@random-nz7dy]

LOL that greeting "Welcome to the Ramsey show!" "...hi!" Dave "Hi!"

[@johnboertmann9267]

I drive a 2004 liberty with 227k miles. Paid 18k cash for it in 2005 with 4000 miles on it. House is paid for, have investments and money in bank. First ss check comes next month which I can easily live off it. I never made more than 55k a year. Stop trying to impress others. A car is absolutely the worst purchase you can make. Keep it and take care of it. Learn to do your own maintenance. Utube will show you how. The stupidly of some of these people is just unbelievable!

[@rickenbacker472]

Dear Brett. You have NOT made 50-60K on your house. The house prices in the area you are moving to HAVE GONE UP TOO. Do NOT think you suddenly have 50-60K to spend - you do not!!!

[@skibik3r]

100%!! I bought my house in 09 for cheap, it's 4x now. That means to buy my type of house now would be 4x what I paid!! I'd be scared to death to buy right now..

[@GAFB1122]

Why is anyone surprised by this? Regardless of whether someone can or can't afford "the car", American's identity is tied to what they drive!! I had that identity crisis when I was in my late teens, early twenties but fortunately I came through it. The car I drive gets me from point A to point B and all I care is its functionality. Most speed limits vary between 45 to 75 and every car will go those speeds. I don't need heated seats or heads up displays. I don't need a truck that I could go up the side of a mountain but I'll never go up the side of the mountain. I don't need a vehicle that seats 8 if I only need 4. People's self esteem should not be tied to their vehicle. I've been able to put my money to better use by not being addicted to the car I drive!

[@proper.role.model.819]

Orlando! Born and raised!

[@y2ksierra]

Multiply the money factor by 2400 and that is the interest rate of your lease.

[@IamJacksColon4]

the daughter chiming in about living a hard life to gain later in life is pure comedy

[@zachg9065]

You can work hard and still have a nice car. I got a 2016 Lexus IS that looks brand new with 90k miles for $18k cash. Less then most new cars that nice

[@LifeWithAlliDaily]

That's crazy. I never thought have a lease was a good thing. Yet that was when I thought living for a credit score was the thing to do!

[@TzUuup]

Just had a back n forth with a buddy about that. He leases bc of maintenance. I explained to him the simple things you can do to self maintain your car and is very easy and low costs.

[@Luca-sz5uy]

Funnily enough cars are cheaper in the US than in Europe for example (less regulation, taxes and stuff) but apparently you guys just looooove your rides

[@Luca-sz5uy]

Funnily enough cars are cheaper in the US than in Europe for example (less regulation, taxes and stuff) but apparently you guys just looooove your rides

[@bryanc1177]

I will ride a bicyle before i take out a car payment. I also save 30% of my income. Its about priority. Becoming rich is more important than acting rich

[@AmarisKrisla]

I love cars, i just dont like the payments, so i will just admire all those pretty cars. 180k a year and no savings? 😮 he needs a budgeting lesson ASAP.

[@jonathanandrew2909]

Nah, he just needs to man-up and earn more.

[@shanesauvarin]

am I the only one who gets so frustrated at people....who call to get ADVICE.....and then just wont stop talking!!! I know it's due to nerves, but wow its frustrating.

[@user-vh6bn1uh6l]

I love my beaters, no need to carry collision, they are owned free and clear and even if I have to spend money on a repair, it is always cheaper than buying a new asset losing means of transportation. I could afford a new vehicle but why make the banks rich, besides I only drive 30 miles a day round trip and I have 5 different beaters to choose from.

[@jehines3]

He has a contract to “rent” these vehicles likely with money on the front end. Walking away still leaves my man in need of transportation. Start saving and then pay cash for whatever you can afford at the end of the leases. Do not borrow or lease for a vehicle ever again!

[@DianaPrince247]

Dave said he drove a hoopty.❤

[@clocloey]

$50ish k profit with a house isn’t a lot right now, unless he bought it last month. Where is he planning on living?! Surely you need that equity for your next place. Why is he trying to pay off these silly leases?

[@MsJhook]

Florida's nice it's the insurance that gets you

[@user-kk3qg5el1m]

That’s why you visit and leave

[@SignorNessuno65]

Callers always claim they follow Dave's program then proceed to display their incompetence.

[@JBrown-go8ru]

He didn’t claim to “follow Dave’s program.” He clearly said that he was a new listener.

[@danielrn133]

He didn't say that. He said he listened to some clips and now he is thinking he made some mistakes and wants to do better.

[@tduck828]

Every. Time!!!

[@chuckokoye2410]

So quick to judge you don’t even have your facts correct lol, the internet is funny.

[@miketheyunggod2534]

Says you.

[@tommysmith2719]

Lease is a waste money

[@Itsdjsigi]

Dave Ramsey is right on a lot of things except for how a lease works. It goes off money factor and currently it equates to 7-9% rate

[@d_all_in]

And how is that not a rip off?

[@annt2685]

Why do people take so long to get to the question??

[@nemesis656]

I know, it drives me nuts. They want to spit out their whole life story every call.

[@JustinCase780]

He's still talking.

[@DoctorSmartyPants]

He didn't even get to the question. Dave finally cut him off and started asking questions and giving his advice. Do not even know the caller's question.

[@redfox_84]

Trying to justify what they did

[@singlefather01]

Do not spend more than 20% maybe 25% of your annual earnings on a car. NEVER. A last few year has been so skewed. My car payment is at 3% interest, and my CD is paying 5.2%. So I have decided not to pay off the car at this stage; I am making a car payment. This is about the only time I would say stop paying it off. A situation like this will rarely happen. When you have a depleting asset like a car, try to pay off unless you can make more money with the money.

[@NateBee]

What is with people and car debt? My car was under 10% of my gross annual hh income.

[@rillawhat8142]

" poor people ask how much down and how much a month" 👍🏾

[@Jithu_VA]

Trucks are not luxury vehicles but more expensive than luxury. Trucks should be haulers and they were marketed as luxury cars.

[@TutStore]

People, you can lease a car. It’s your money. Obviously if it’s a terrible deal then don’t do it. But it’s your money. You worked for it. You can spend a little of it on things you like. It’s okay to spend money on things you like. It’s YOUR money. You don’t have to listen to EVERY word someone says on the internet that tells you how to spend your money.

[@JudyHart1]

Orlando has public transportation, have a hoopti and ride the bus.

[@LordFlashheart1]

People driving around in a brand new car/truck for maximum status but basically renting it. A decent 2nd hand car that you own is the way forward. Unless of course you're rich then it doesn't really matter

[@robertthompson5908]

Why is Dave telling him to sell the cars? The dude said twice that they’re leases, so he doesn’t have anything to sell.

[@cheryllahti405]

Auto insurance in Florida probably triple the amount he's paying now for those ridiculous cars.

[@robloxvids2233]

This just illustrates how dumb and reckless Dave's "half your income in cars" limit is. Especially for higher earners. Making 180 and paying 90 in cars is so stupid. We make over 200 and I'm sweating having to pay 25k in cash for a used car.

[@TheSupervillain316]

I laugh at people who say my truck is only 2 wheel drive and only a 2 seat truck. It's been paid off 6 years now, almost 15 years old (i bought it used with low miles). It did cost me a lot last year, mostly maintenance. It also has a new frame and suspension all around as of 2021. Maybe it has power nothing, no cruise control, all the toys..but it still starts every day

[@MindsetMastery148]

Providence RI is crazyy😂

[@jimmymcgill6778]

Keep the cars. Not everything is about depreciation. They make enough money to keep them. How will he be a millionaire in 5 or 6 years?

[@ujayet]

He makes $188k a year.. he’s not suffering if he just start getting getting rid of the car.

[@katsadventures7027]

Oh my goodness I live pretty comfortably on just 15 to 20,000 a year and I’m able to save about 800 every month

[@amendaalmonte2236]

No money and $180k income?! Insane.

[@luisriba8082]

Everything in life comes down to a choice.

[@JP-xq7fo]

As Americans we need to stop letting these dealerships destroy us financially…

[@Au_blickymouse]

It’s not the dealerships fault it’s the peoples fault no one is telling u to spend 50k on a car

[@johnsmom3532]

​@@Au_blickymouse yes 💯 You sign so many documents when you buy a car if someone is in car debt how is that the dealerships fault??

[@appleiphone69]

“ I need a safe and reliable car, boohoo” is what these idiots always say to justify their purchase or fleece.

[@Jenda-ld8dj]

"STEALERships" just say no.

[@DDDD-of3hv]

As Americans we need to stop being so STOOPID. Dealerships have NOTHING to do with it. Personal greed does. loan this loan that, all adds up people live beyond their means. BAD parenting and educational systems not teaching people

[@parkerwhite4902]

Can I place a phone call to him while he’s on stream? I’d love to talk for a couple minutes about my financial life

[@RandomVids519]

Vee-hick-kel😅

[@ryanca6601]

Very northeastern call

[@ohreally8259]

Sometimes dave forgets about taxes

[@georgeslupski5987]

Always......180k is 135k or so

[@kidamere2408]

Hes not selling it for a profit every other house has went up the same amount

[@jeffkline9191]

It’s always a truck.

[@gibblespascack1418]

They are leases, you just turn them in when the lease is done and then buy a car that you can afford. You do not have to keep these cars. When this is done, if you need a truck, get a New Colorado or a Maverik for $24K, or a small Toyota truck. You do not have to buy these cars at the end of the lease. Or the car place wants to sell a new car/truck and offers an early buy out. Take it and get rid of more than half of the potential debt.

[@superblump87]

Colorados and Mavericks have issues that require money to fix.

[@gibblespascack1418]

We have a Colorado and yes we have had to change the oil and replace the tires over several years. Our neighbors have a Maverick, it is less than a year old so the long term repair costs are not demonstrated yet. But the point is that you don't need to buy a $65K-110K truck, if you do not use it for work. This guy will have 49K left to pay on his truck after his lease is up. So it was expensive, and he does not use it for work. You can have a lot of repairs done for that 100% increase in price. (But never buy a new dodge truck, at any price, it is a bad deal.) @@superblump87

[@thedopplereffect00]

Good luck finding those trucks at MSRP

[@gibblespascack1418]

Not a problem, go to free NYS. You can get the incentives too. @@thedopplereffect00

[@CarlaQuattlebaum]

I wish Dave had asked the year, make & model of the car & truck.

[@treeroofgrass]

Drive Scotty kilmer’s ’94 Celica. 😂😂

[@Youdidnthearme]

I don’t rent I live in my car and I’ve stacked serious cash just from living in my car !!!

[@jonm.678]

I made the mistake of upgrading cars over the last few years. Thing is- I never financed over $12k and always paid them off within a year. I have no debt now and investments have been getting stronger

[@Brandonmarshall19]

Average car is $32-40k, imagine having that in cash. Would you still exchange all that cash for set of 4 wheels that u can get for $4-6k & keep the rest.

[@mikejohn3265]

My honda has $180 k miles with problems. Have a $1000 in bank. Should I budget fixing it or down payment on new?

[@vitalsaxon_]

My biggest advice for people would be to not use a car for 10 years. Ride an electric bike during those times, and invest the money you'd otherwise be putting into a car.

[@georgeslupski5987]

Ya ok

[@vitalsaxon_]

@georgeslupski5987 my grandfather rode a normal bike from the ages of 20 to 40, from 1976 to 1996, has great health for his age, and was able to invest much more money. Because of that, he currently has around $7.5 million in assets (excluding his $350,000 house) and drives a used 2021 Lexus LS 500. I'll stick with my grandfather's plan and retire healthy, and a millionaire.

[@danieljohnson4418]

Bad advice as always. The caller needs to lease a third vehicle.

[@Ry22futbol]

Leasing vehicles: let’s have a massive monthly car payment except not own the car at the end

[@bdun1226]

A fleece 😂

[@adamseidel9780]

At that amount in a buyout he’d probably be a lot better off finishing the leases and then just buying something new for half the price

[@HaikesXO]

If you don’t have enough money to buy a used car outright, you can’t get a car. You get a job that’s walking, biking, etc from your home. or ask friends/coworkers for rides. You Uber days you can’t do that. It’s supposed to suck because you’re broke. You can tough that out for 4-6 months and save up to buy one. It’s wild people have $0 in savings and think they deserve a $20,000-$30,00 car

[@Playingwithproxies]

180k per year and his house equity is lower than his car values in leases