My Car Payment is $1,200/Month!

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[@deltacoman6950]

What's the point of calling if you're gonna have a defensive attitude like that

[@MD-wq6on]

Delta Coman It’s ego pure and simple.

[@deltacoman6950]

@@MD-wq6on so true. Pride and price go hand in hand

[@romanticdonkey468]

I don’t think his attitude was defensive. I think it was more that he didn’t see his financial situation through Dave’s eyes. He thought his problem was the interest rate, while Dave is looking at the whole numbers. The caller likely thought it was the high interest rate that was beating him up, not the high note on the other vehicle. For those of us that understand Dave’s plan, his situation is plain and obvious. The caller was not yet understanding what Dave was saying. Many of us have done silly things like the caller. Be patient with him, he’s taken the first step to get his financial life back together.

[@deltacoman6950]

@@romanticdonkey468 he cut dave off and justified having that over priced ford by stating how low of an interest rate it was at (1.9%) Clearly he didn't want to see how bad that situation really was. Or hear it from dave. Hence, Why bother calling. Great name btw haha

[@jakechizzle007]

Yeah he was like 100 grand haha justifies it, David was still going to say "you're broke"

[@johnf1577]

Every time I think about getting a new car Dave Ramsey shows up on my feed, I think it’s a sign 😅😭

[@PPE707]

John F don’t do it lol

[@Above3Beyond123]

please dont try to flaunt something you aint got at the moment like that believe me nobody cares what you drive as ling as you not a bum thats what counts

[@LGnLA]

LISTEN... I was JUST talking about a car today at work, then Unc Dave was in the back of my mind... fast forward a few hours AND THIS VID pops up... 👀😭👀😭👀😭👀😭👀 👏no👏 car👏note👏BIG THANKS Unc Dave!!! Whew!!!😉

[@0Mynameisearl0]

Same 😂😂 imma take my 2k and go get my 2005 caviler instead of that new car

[@KayleeCee]

We just had to replace our second car. My husband wanted to go and finance something 🤣🤣🤣 But I talked him out of it and a couple weeks later his mom called us with an offer to buy her SUV for a very, very reasonable price. No financing needed.

[@Ryan_DeWitt]

Anyone want to bet that 40k is for an oversized F150 truck that he likely has no need for whatsoever?

[@davidburton4582]

I don't doubt that one dadgum bit. You wanna bet it could also be either an Explorer or Expedition for his spoiled brat stay at home soccer wife?

[@Arizona9001]

very likely

[@lanthonyperdum6430]

David Burton...The stay at home wife is a big part of the problem !!!

[@nealp885]

Yes I think the same thing with these massive Tahoes and Escalades with one person inside with no cargo.

[@studentemail6453]

But the truck makes me feel like my pipi is bigger than it iz doe.

[@mrkadiz1244]

He is so impressed with that 1.9% interest on a 40k car

[@marcarrera4904]

Well I am too... I financed mine with a credit union to a 4 and thought that was so amazing 🤯🙃 luckily we are all payed off just paid it off in August yuppie🎉🎉🎉

[@markg999]

Nevemind he owes 40k on a 30 something car...but darn that 1.9 is so impressive ha

[@GARNET-DAGGER-FF9]

My mouth dropped when he said that!

[@sagm706]

Some people just can’t math!

[@blackworldtraveler3711]

Mark G I paid cash for my used car so that rate means nothing to me. Heck I contribute $1200 biweekly to my 401k each year and have a current 19.10% rate of return. I prefer inflow not outflow.

[@zoraster3749]

This is the kind of guy that thinks he’s ‘making bank’ pulling in $100k but never looks on the other side of the balance sheet. Probably bought some F150 King Ranch that he negotiated ‘down’ to $52k and drove it off the lot thinking he was living large. 🤦‍♂️🤦‍♂️🤦‍♂️

[@kercchan3307]

and then promptly lost half of the value as soon as he left the lot.

[@Ka_Gg]

EXACTLY! One of those types that could make 6 figures for several years, lose his job and have absolutely nothing to show for all that work.

[@logdon17]

Yea, and listening to him so excited about his interest rate tells you about is IQ. Hey Dave, I have a 40,000 liability that is decreasing in value every day, but the interest rate is only 1.9%, isn't that great!?!?

[@zeon_trl1326]

@@logdon17 pretty nice rate but I agree xD

[@FadeHook23]

Even then making 100k in some states is pretty tight. In NJ for instance, uncle sam can take a pretty penny out of your check. 100k can easily turn into $70-$75k, which equates to about ~$6000 a month. If a fifth of your income goes to car payments and 25-30% goes to a mortgage, you're only left with $3300 and that's not including utilities, cable/internet, car insurance, food, and cell phone service/payments.

[@whiskers78753]

Update: Rich went out and bought a new BMW at 18% APR, and he rolled over the negative equity of his previous vehicle.

[@andreyv1]

you mean 1.8% for $45k? Know what i'm sayin'?

[@olliehopnoodle4628]

Nah, he leased it to get his payments down.

[@tjmns]

@@CarlosLopez-dk4xo does she make more than 50 thousand a year?

[@OscarGarcia-sx6tx]

🤣🤣🤣

[@rickm6076]

Dave, should I finance a Lambo even though I still have 40 million in student loan debt and credit cards?

[@luminous6969]

No, sell your kids or have them get a second job delivering pizzas.

[@MrTHL1]

What’s your household income. Lol

[@Ryan_DeWitt]

People do finance exotic cars a lot. Kind of surprised me. I always figured if you had the income to be able to afford a lambo, you should be able to pay in cash for it.

[@luminous6969]

@@Ryan_DeWitt They do it so they can trade it in for a new one every year or every other year so their car never gets old.

[@TN-te5jr]

rick m60 duh 🙄

[@cherrytung]

*Your car is more expensive than my rent* 🤦🏻‍♀️🤦🏻‍♀️

[@ducktapepilot]

Same! That's more than my house payment!

[@cherrytung]

ducktapepilot less or more, lol

[@MrTmenzo]

You don't live in your car anymore?

[@PritamDas_26]

@@ducktapepilot he makes 100k though. Not the end of the world

[@ducktapepilot]

@@PritamDas_26 True. If he gets rid of those car payments, he should be in good shape in no time.

[@SpookySharp]

I’m a high school teacher. I teach a course called money matters. I do my best to save these KZbin videos to share to the young people in my class. I’ve been trying to get your course for a couple years, but the district is having problems funding it. I just wanted to thank you for putting these videos on public media, it is AWESOME to see the flash of recognition and learning that crosses these kid’s faces when they see the mistakes their friends and family make. I have so many of them come up to me after I show a clip and tell me, “coach, this is my family, we struggle like this” . You are changing lives dude, keep it up, I know you changed my family’s life. Props.

[@michelarosier1918]

Hey, that's amazing ideas you teaching kids about finance not to make mistakes with their money. 👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼

[@tanyasetter2118]

My husband says ALL THE TIME how this should be taught in schools!

[@JavaScriptJolt]

👍

[@ashcash7510]

Thank you for your service to these kids!! My amazing high school finance teacher taught us the Dave Ramsey course and it changed my life!! I watch his videos all the time and I’m so glad I know all I do. Just graduated in May debt free with my associates degree and so far have been able to cash flow my first semester of college at my transfer university. Dave Ramsey is so smart and I am so thankful my teacher shared him with us!

[@morganccosner9891]

What state do you teach in?

[@QueenStylin]

This guy is hardheaded. Arguing with Dave.

[@CarolynP376]

Yea not smart

[@ariefraiser140]

I didn't hear much of an argument.

[@Sizukun1]

The argument was "its only 1.9% interest" which Dave immediately said that wasn't the problem, the $40k was the problem. That caller wanted to have the cool car and have cash in the bank.

[@ariefraiser140]

@@Sizukun1 Yea.....that wasn't an argument. It was faulty logic. The guy already stated he had way too much car debt...as soon as Dave pointed out that his problem was the loan amount he agreed he didn't argue that point.

[@Ryan_DeWitt]

This guy is like many that call the show. They want to talk about it, but when it comes to enduring the pain it requires to fix their mess, they aren't ready. Kind of reminds me of friends who tell me they need to lose weight and get in shape. I tell them to come to the gym with me 2-3x a week and to change their diet to something like xyz. They get this "are you kidding" type look to their faces and then I never hear about it again until they start complaining again ever few weeks. Never understood that. Either do it or stop complaining about it.

[@mcgyverb1664]

He’s literally driving mortgages on wheels.

[@fairarthur]

😂😜😜👌

[@95RangerGirl]

Mcgyver B my mortgage is only $866 a month

[@mcgyverb1664]

Jennifer Aviles I just can’t wrap it around my head 🤔 how anyone could wake up everyday work hard, and then hand over $1,200 per month just to drive, he might as well get a toilet, and kitchen install to the backseat.

[@vinniebozzuto3534]

Mcgyver B correct! That's depreciating every day! Keep watching those Auto TV commercials, it's working..

[@TB-vb3ov]

@@mcgyverb1664 To each their own My wife and I make roughly 120k a year together and have no kids. We easily can afford our life style and we own/ fully paid off 3 cars that are now abit older an 08 corvette, 08 Lexus is250, and 07 scion TC. But I bought a Lotus Evora S and have a 850 payment even after putting a sizable downpayment. I don't feel I'm hurting for money either with that payment and we still regularly go on trips out to eat ect.

[@justintaylor-moneymindset4073]

This guy's living the American dream

[@Mattsoucie]

Justin Taylor - Let's Make Money loll

[@cherrytung]

The American broke dream

[@NatePhilips]

@@cherrytung The American Nightmare!

[@Ryan_DeWitt]

I'm like Dave. When I see any nice car, I just see a big car payment. It is possible they paid for it in cash, but much more likely they are in debt up to their eyeballs.

[@gonzalomoreno560]

@@Ryan_DeWitt Or it's a lease...which is just as bad if not worse

[@zache3818]

I see this all the time...I run a store and we only sell high line cars. I refuse to have the banks that do loans at 15%+ because it’s essentially financial suicide. I tell them other dealers will be happy too but I won’t be able to sleep at night knowing they are killing themselves

[@jack0451]

Dave is right. Rich isn’t going to do anything since he comes off as very, very arrogant and argumentative. He’ll enjoy being buried in car debt.

[@CarnivoreStork]

jack0451 We give him credit, he listening to the show 🤗

[@jack0451]

herbielina: I wouldn’t necessary say he’s “listening.” Lol.

[@auntyuber5127]

@Mr. 8-Bit Doggo wish I had you as a parent.....60 years ago. Lol

[@angel0island0ninja]

@Mr. 8-Bit Doggo find a job before you move, rent's expensive unless you want 8 roommates. 8.5K is 2 months rent maybe....

[@angel0island0ninja]

@Mr. 8-Bit Doggo also, if you are following the baby steps, you need to save at least 1k for emergencies, then you need to build up your savings again when you start working.

[@andreyv1]

"you're kinda missing the point aren't ya" "probably..." 😂

[@fpl_bailey]

40 freaking thousand dollars is the problem 🤣🤣

[@Brandon-305]

He ain't eating too much of anything either..😂

[@pablolinazi3859]

😂😂😂

[@pablolinazi3859]

Brandon 305 😂😂

[@user-eu2me4bp7j]

LOL

[@ShaneHummus]

Your car is like other annual salaries.

[@carlosmartinezz3022]

Never thought of it that way, good read.

[@PInk77W1]

Anti salaries

[@jasonnavarro681]

Shane first time you commenting hear on Dave Ramsey keep up the good videos!

[@ShaneHummus]

@@jasonnavarro681 Longgggg time ago haha Thank you!

[@Kenneybrock]

ANY car purchase is like an annual salary to someone.

[@cancel.lgbtq.6892]

Waiting for dave to call him " honey" ~

[@dvran]

I bet any money it’s a loaded F series pickup truck. A lot of guys out there with a $650 per month truck payment trying to show off.

[@workingshlub8861]

3 out of 4 cars out there are financed.....does not impress me..show me clear titles with no lien and then ill listen to your advice..

[@DigitalHaze65536]

I know Dave makes fun of Subaru's as some hippy car, and I'm sure a lot of hippies buy them. In colder climates where AWD/4WD is good to have, (so you can get to your job...) they are good little cars that get you from point A to point B without costing an arm and a leg. Most of these pickup truck guys should have settled for a little AWD suv if they need to get around in the snow, and just a normal/cheap 2wd car if winter isn't a concern. 6 years ago I put $7500 down on a car, had nothing left. Now it's paid and I have $80,000 (outside of my $500k 401K) and no debt........also had paid off my home and an installment loan in the process. If I had bought a big truck I'd hardly have any money, I'm sure of that.

[@DigitalHaze65536]

@N0RT2G0RD4U Subaru's are cheap cars. Plus is it hilly where you live? What I mean is do you have to drive up and down hills that are also curvy at the same time? Because what I see around here is that those front wheel drive cars do fine, until you combine a hill and a curve.

[@chucknoob7041]

@@DigitalHaze65536 - I have a 2005 awd Ford Escape that is a champ in the snow. The first and second generation Escapes 2005 - 2012 are relatively cheap and are work-horses. Just take care to rust proof as the rear wheel wells/rear shock tower will rust off (always check the passenger side rear tower if buying used). I use an annual allotment of Fluid Film on my Escape.

[@teesellz7692]

He not getting rid of thoses cars he feel like what would my neighbors think lol 🤣 SMH

[@osmanrayyan]

people nowadays live like they only have 1 life and life is too short, so they want to enjoy it to the FULLEST, and buy whatever they can and get into debt assuming they are living life to the fullest because we all gonna die anyways... debt will not hunt or follow us down the grave

[@olliehopnoodle4628]

Sad but probably true. I drove a 20 year old car when we moved into our first house. Did that for about 8 years then got a 18 year old car (but it was kinda cool, a Wagoneer). I never worried too much about what the neighbors thought.

[@princessofnada87j25]

I'll feel embarrass too

[@ellec2935]

My next-door neighbor has a gray car. That is all I know. All I care about is if someone is blocking my driveway. Neighbors don't care what you drive people.

[@fatrat600284]

@@osmanrayyan We do only live once

[@stupidsmartperson]

I’m broke, I couldn’t afford a car so I bought a $40,000 car. What?????? That is not logical.

[@SilkyGardens]

Cruelty Free RV lol thought the same thing

[@appleiphone69]

Mama needed a new "safe & reliable car to drive the family in" he does not have the spine to tell wife that they would need to sell new vehicle. He knows she would loose respect for him and probably will. She will tell her mom, sisters etc what a poor provider hubby is. I kind of feel bad for the guy.

[@randomvideosn0where]

It's easier to get credit on a new car than a used car, and if you don't have cash...

[@HazmatFatCat]

The same people that think spending $2,500 to fix an old car is too much. So their solution to fixing the old car is spending $25,000 on a new car.

[@ducktapepilot]

Sometimes when I'm setting in traffic in my 20 year old Jeep and I see someone in a nice new car, I start to get a little jealous. Then I remember that mine is paid for, insurance is next to nothing, and most likely the guy with the new ride is buried in car and insurance payments and then I start thinking maybe he should be jealous of me :-)

[@danielkofman4592]

Haha thats right,

[@guillermozavala315]

THIS has been me , been wanting to get a Scatpack charger but can’t justify to pay 35,000 and carry a 500$ payment a month . Ugh

[@danielkofman4592]

@@guillermozavala315 I feel the same way about those Tesla model 3's. Ive been eyeing them, but if I buy 1, it'll be all cash

[@Ryan_DeWitt]

I bought a new 19k car 4 years ago. Easily something I could afford, but after listening to Dave, I took $ out of my savings/investment to pay it off. I now take that car payment I was making plus a little more and put it back. By the time I drive it and the wheels fall off, I'll have enough for a decent used car and pay in cash plus the small % of money I made off in the investment. Never going to have a car payment again.

[@ducktapepilot]

@@Ryan_DeWitt Good idea! Same here on the new car, no need to buy new when they devalue so fast. Lots of good reliable cars under $10K.

[@abhinavsankaranarayanan8706]

Clearly, Rich isn’t rich enough to keep that lifestyle going

[@reliablemaid]

2:13 "You know what I'm sayin?" Dave's face🤣

[@SdC083]

someone in my neighborhood just bought a new dodge charger hellcat, but is renting a 1 bedroom studio...i bet that interest was 1.9% to

[@FeralCatStray1]

RedRaiders_13 bought a muscle car but couldn't buy a house. *sigh* America...

[@mocaret7653]

My car was 25k and it's paid off. No car payments, big relief

[@unsilentmajority1684]

Whats a gran?

[@geraldacevedo7598]

This is the goal

[@adrian3747_]

Goals!!! this is why ive been paying principal payments

[@thetruth5635]

Guy said “I’m not eating much of anything lately” 😂 horrible man, thank god I never leased a car I thought it was great when I was younger thanks a lot dave for being great

[@jakefranchise7463]

Dave’s reaction is priceless…You owe FORTY! 😂😂😂😂

[@whodatdere]

$1200 a month car payments!? I just threw up in my mouth a little bit.

[@NANGSGARAGE]

The cars are eating your lunch lol 😂

[@harrisonwintergreen1147]

He talks about that 1.9% interest rate like he won a Nobel Prize

[@Brooklyn-rj3np]

Fell into this trap in my mid 20s. Got rid of the thing within a year. Had some negative equity..but i got a corolla and the loan was reduced to something manageable at a 1.9 rate. Thank goodness i did that. I would have lost sooooo much more if i held onto that vehicle. Stinks to lose some money but the learning experience was huge.

[@jjayguy23]

I can't believe I used to be so stupid!!! Dave has shown me the light!!!!! I used to sound like this guy. I will create no more debt!!!!!

[@DanielIles]

That is more than most people's house payment...

[@austintomkewitz7206]

Actually I think that is statistically true wow what I world

[@Theincognoah]

I have a friend just like this. Paying $500 car note with a $280 car insurance payment. Says he can't return it because he got a "good deal" on it. Lives paycheck to paycheck.

[@createyourvlog6078]

When your car payment cost more then my rent 😂

[@austintomkewitz7206]

If I were to move out at 19 find a place for myself that would be all bills 1200

[@RogueHero]

Not gonna lie everytime I get the urge to do something stupid , I listen to Dave's videos for reason like I really want this sports car (Toyota86) which I could get used for 15k but instead of financing it I'm just saving up for it to buy cash , thanks Dave for the good insight.

[@FeralCatStray1]

Rogue Hero keep saving, because as time goes by, the value of that car depreciates, making the purchase better for your bank account 👌

[@whitegoodman7465]

or save up to buy it, invest the money saved instead of buying it then finance it low af and have the invested cash flow pay for the interest and probably the car payment too.

[@JustAName-it5qp]

I'm petting my paid off Toyota Camry and she's wagging her tail lights.

[@GOD-IS-REAL247]

ITS CRAZY HOW MUCH DEBT PEOPLE GO INTO BEHIND A VEHICLE WHAT IS THE PROBLEM WITH JUST GETTING YOU A VEHICLE THAT TAKES YOU FROM POINT A TO B UNTIL YOU ARE COMPLETELY OUT OF DEBT FIRST THIS GUY IS MAKING 100K A YEAR AND IN DEBT BEHIND CARS HE CAN'T AFFORD WITH 100K HE SHOULD NOT BE IN DEBT AND HOUSE PAID FOR

[@workingshlub8861]

at 100k a year he is probably bringing home 85k or around there...he should be driving a 15-20k max vehicle or 2-3 5k cars cash...finance nothing.

[@Malkav]

These callers all know the solution deep inside. The problem is they don't want to let go of the "appearance." The nice cars, the nice clothes, the expensive dinners. They can't swallow the bitter cure.

[@hotdogs5265]

My car didn't even cost $1,200

[@austintomkewitz7206]

Oh that that's nothing my most expensive guitar isn't even that much xd

[@tijuanhoward3661]

Exactly lol these people are nuts. I'm 26 and l've had 4 cars in my lifetime so far. This 4th car I'm currently driving was $3500 2006 Nissan Altima with not a single problem wrong with it. And it's the most I've paid for a car. I was offered 7000 for a mustang and turned that down so I wouldnt be on a payment plan because I had 4000 in cash that day. Not to mention how much parts are for a mustang if something goes wrong with it because I'm no mechanic. But 40,000? This guy done lost his mind 😂

[@e.honchoo9596]

Tijuan Howard what kind of mustang?

[@AlanJWatkins]

@@austintomkewitz7206HA! i just realized that my guitars are worth more than my car!

[@Math-Tulane]

@@tijuanhoward3661 do you drive your altima in the winter on the snow?

[@halimowagad8676]

Dave change my life a lot

[@markg999]

Wife and I haven't had a car payment in 7 or 8 years. Just not worth it buying expensive cars...they are a drain on growing wealth.

[@markg999]

@@JustinSherrod1991 Awesome, you got it this.

[@SeanBaker]

I paid off my car in 2014, and I'm SO happy about it.

[@made2meander]

“You’re kinda missing the point aren’t you” “Probably” 😂

[@mattg8516]

This guy comes off as super arrogant and know it all... dude, your financial situation is a disaster!

[@noseefood1943]

I’ve seen people working at warehouse jobs driving BMW and Land Rover. They bought cars that are 2-3x salary.

[@Zeus0886]

😂 its called leasing. They didnt buy anything.

[@baoanprounited]

How could they even get approved for a loan if their income is 1/2 of the car price???

[@PPE707]

He’s not going to do it.

[@Dynamictrioiii]

IG:Chadmiami He totally won’t

[@Black_Jesus3005]

Nope.

[@osmanrayyan]

people nowadays live like they only have 1 life and life is too short, so they want to enjoy it to the FULLEST, and buy whatever they can and get into debt assuming they are living life to the fullest because we all gonna die anyways... debt will not hunt or follow us down the grave

[@0rvp0gi]

I bought a toyota echo instead of maserati Paid in full ... 35 mpg ... dave pat me in my back

[@vicepresidentmikepence889]

What's with people's obsession with a nice car?

[@mr.boostang2064]

Latest tech, looks nice and impresses your friends.

[@teeduck]

Lord Beasley same as obsession with nice clothes, jewelry, electronics,

[@Htxracing97]

Nothing wrong with wanting a nice car that’s why they make nice cars so people can buy them

[@NickPeitsch]

15% interest rate!? That's insane.

[@jer3887]

People seriously need to learn to buy used Toyota Corollas/Camrys or Honda Civics/Accords. Some Fords are fine. Stay away from turbos/superchargers and European cars.

[@Theman2075]

Yeah Rich you need a car but you can’t afford $65000 worth of cars🤦🏾‍♂️.

[@ALXSSA]

$40,000 Ford....?

[@hotdogs5265]

These pickup truck grocery getters. That all these bearded men drive are 50k + new. Pure insanity.

[@lowermichigan4437]

Easy to do. Want to spend 80k on a Ford? Not that hard to do.

[@austintomkewitz7206]

Found on road draining your bank account

[@pw5146]

The big loaded F series pickup trucks brand new are touching 60k. A brand new Ford expedition will run about 55k. The prices are ridiculous, more each year.

[@osmanrayyan]

Ford Raptor is up there too, 67K starting

[@kingkong-ni4ho]

This guy's car payment is $120 more than my mortgage. U definitely doing something wrong dude.

[@orlandogomez7776]

A normal car payment would be under $400.. $1200 is crazy

[@MarkMiller-mj9cp]

I've never understood why people go into debt for an expensive car when a cheap car still gets you to the shops and back .

[@nealp885]

Well, Rich is not rich

[@jasondonohue7355]

Dave I'm gonna finance a 100k Mercedes because it only has a 1.9% interest rate... I only make 80k a year but it's a really low interest rate.🙄idiots

[@austintomkewitz7206]

I wanna be the fed reserve I have 10,000 bucks in reserve right now so ill use that and 900% of the money ill print give it to you and make 2000 bucks every year so congress lets me print more money yay hyperinflation its a party see the confetti

[@logdon17]

Seriously, the only thing you should ever pay interest on is a well bought house that will increase in value. Everything else you should have the cash for since they will all end up in the landfill in a couple years anyway.

[@whiterex06]

Car fever. I have that. I'm taking care of the debt though. I used to sell cars to people that would do that. I remember that I gave a ridiculous offer for a truck to a guy and he took it. I felt bad. Here is your 800/ month car payment for 72 months at like 7 years. I'm not doing another car payment after I pay this one off. I keep telling my girlfriend that her paid off prius is perfect for her situation.

[@billyrayband]

He is not going to listen to Dave. His wife will be throwing him out and then his finances will really tank.

[@RandyLy]

And here I thought my rent, water, gas, electricity, phone, internet, groceries, and transportation bill combined was a lot. But that's just all one months worth of car payment for some people. Holy smokes

[@elmagnificodep]

Rich is short for Richard and we all know the other nickname for Richard. He’s not thinking with his head. He must be thinking with his...

[@austintomkewitz7206]

Other head

[@knowbodiesfull5768]

That other word rhymes with "Nick."

[@someguyslastname8487]

Not sure what word to pick

[@thetoon18]

That is why I’m saving up for an under $5000 car

[@Arizona9001]

2004 Toyota Avalon. a dreaaaaaam to drive. trust me

[@pedlpower]

@@Arizona9001 I know this is a year old but I'll comment anyway. I had a 2010 Avalon and it was one of the best cars I ever owned. It's a Lexus with a Toyota badge.

[@Arizona9001]

@@pedlpower yep, big true.

[@beastfromtheeast9318]

You can get a good car for $5k. It may not be fancy but it’ll get you to where you need to go

[@cherrytung]

Rich, you should live up to your name and stop throwing money away to car payments!!! Do you even listen to Dave Ramsey?? 🤦🏻‍♀️

[@Thetatraderz]

As us teachers say down here in Texas. Bless you

[@mikesawyer4707]

Dave is not giving this guy the answers he is looking for. Period.

[@gidget123456]

Dave missed part of the equation - which the caller failed to mention. He had one car loan at 1.9%, but another at 15%!!!. Some other life event (which the caller didn't share) has tanked this guy's credit. So he's not getting a personal loan at a bank to do this car deal.

[@Frissdas1207]

I made the "mistake" of getting a new car years ago for 27k when I was only making 32k. It's since been paid off and I'm now making 70k and i don't even look at cars over 10k. I wish I'd had the same perspective with money then that I have now. I found Dave after I already got out of debt and everything he's saying on how to approach debt is basically exactly what I did.

[@marcanthonyrodriguez3636]

He ain’t selling no car . It’s so obvious. He feels a 110k earner would never be caught dead in a hooptie car .

[@Jake-dg4em]

I agree with Dave 100% on all of this, but I have a follow up question to this conversation. If not an expensive, but safe and reliable vehicle, how low do you go on price (especially if you have kids) before you draw the line of sacrificing safety and reliability?

[@Astro95Media]

I had a great Nissan Altima which fit me, my wife and three kids just fine. It was safe, reliable and cost me $7,200.

[@BigHayes7771]

Bought me a work truck for my business venture for $800 it runs and drives

[@lovealwaysjasmine]

Caller: “Hi Dave I need help” Dave: “what’s your household income?”

[@conormctapoutaka0-1aka0tit5]

Regardless of income... Dave: "You need to own a $5000 dollar car and eat on rice and beans for the rest of your life"

[@gvictor]

@@conormctapoutaka0-1aka0tit5 not the rest of your life, just until you're debt free!

[@lilac2484]

When I bought a new car, (new to me) I checked prices and bought a car I could afford, my car was under 9000--and I love it.

[@TonyLatigo]

The way he said 1.9%, you know darn well he ain't doing it.

[@omarvazquez3355]

2:08 "but that's a 1.9 interest rate......know what I'm saying?...."

[@marcarrera4904]

🤣

[@jakefarmer3122]

Everytime I consider a new car I listen videos like this.

[@josargor8179]

financially, this guy is in a much better position than those guys you see on the bus with their thousand dollar smart phones and designer clothes but he still has the same mindset. not about being rich being financially stable. it's about making people think you're 10x richer than you are

[@Magic_dawn]

The fact they don't teach any of this starting in high school even should be a crime. Setting up young people for failure

[@grantv2313]

I’d be really surprised if the guy could even get a $7k loan in order to pay off the car. The banks are gung ho to give you a huge loan when there’s a vehicle to repo back. Not so much when it’s just giving you $7k to do whatever with and no collateral.

[@S2kTi]

It's a personal loan. Higher rates but if credit is good, you'll get one. Obviously not ideal but this dude is out of options. The biggest issue will be him selling this car to sometime and trying to explaing the situation and how they'll have to pay off his loan and get the title etc..

[@SB-xj8xj]

Rich by name, poor in the membrane!

[@janemonroe7547]

Haha right on lol

[@austintomkewitz7206]

Daves words goes in and out it goes faster than a millennial can hit the play button

[@xcountryrunners]

Just gave a friend a your show info!!

[@codys7928]

The american dream... buy now pay later... "I had to get a car" *gets $40k car* *pikachu face*... one time I told my friend I wanted to get a cheap computer desk... ($20-$40 marketplace or craigslist) and he's telling me "oh go to x furniture store, they have 0% financing..." I explain to him I don't want an expensive desk and he says... dude they're not expensive they have 0% financing.. cmon dude.

[@marcarrera4904]

🤣

[@garretteckhardt6665]

Rich won't stay rich for long with a car payment like that!

[@alexdwyer7677]

This scenario is extremely widespread in this nation. 20-40 year old couples who pull in $50-75k a year (combined) and have $1,000+ in car payments each month. It’s disgusting. I know many of them.

[@blaisetelfer8499]

There was a European Reddit user who couldn't understand, when seeing footage of the long line outside US food banks at the start of the pandemic, how so many of the people in that line were driving BMW's, Teslas and luxury SUV's. It's because half the people driving those kinds of cars aren't rich: they're one missed paycheck away from the poor house, yet they prioritize renting an expensive car so they can impress strangers.

[@alexdwyer7677]

@@blaisetelfer8499 yep. Sad stuff. I’m good with my wife’s paid off car and my $300/month truck payment

[@blaisetelfer8499]

@@alexdwyer7677 in the early 2000's, I thought everyone else in my neighborhood / school was way richer than we were, because all the other houses had multiple cars in the driveway, and they were all Hummers and sports cars. I later found out from my mom, who was friends with the other parents, that these people were the same income as us but had $600+ car payments.

[@qiqiu8348]

I probably will never buy a 40k car. That’s a lot of money that you could do something else.

[@olliehopnoodle4628]

I picked up a 40+ Chevy Colorado ZR2. But one of my very few hobbies is going off road and doing some camping so I had other reasons to spend a bit more. Paid cash. Went to 4 dealers. Had a sales manager chase me out into the parking lot. But yeah, for the most part each additional 10K you spend on a car doesn't get you that much more in luxury or performance.

[@AlanJWatkins]

i have two $40k+ cars. well, that's what they sold for a decade before I bought them.

[@BraiytryeneGibbons]

That nervous stomach ache when you know Dave is right but your nervous at how much your gonna have to change your life to accomplish it .

[@swampcrawlerls1267]

That's more than my mortgage and child support combined.

[@savagemedic30]

I tried to talk to someone about not buying a new car unless it’s something they can pay off aggressively fast or pay cash for because they plan on starting nursing school soon and she told me to shut up...I don’t tell people financial advice anymore and focus on building my own empire...

[@1CJ6]

Love that Dave caught on quick his arrogance and spent no more time than needed to cut the call.

[@darla2142]

Love me my DR, but not the new green screen background. Where are the book selves and wood pannel?

[@joet7136]

And it's these same ignorant people complaining about paying off their student loans.

[@cutehumor]

Rich should change his name to "poor"

[@JeepersCreepers2013]

I don't understand what this guy expected when he called. "I need to get out of some of these loans...". What did he think Dave would do, pay off his loans for him?

[@IncredibleDrone]

Question of the day? Dave do you get receipts for everyday purchases like fuel for the car? If so what do you do with them. I tell most merchants to save the paper these days.

[@md0246]

Wow, I have a 2015 dodge dart, ended up Financing it ($8250) 158$ a month with no money out of pocket...also have a paid off 2015 Dodge Caravan, and a tractor trailer I bought cash for my business. No other debt besides my house. Wife and I combine gross about 150k a year..I'm a new listener to Dave, so I'll be paying off my car ASAP. We all have to live within our means.

[@jaysdood]

I'm over 50 and my total car purchases over my lifetime don't add up to $40k.

[@zaidchalabi1599]

Typical american 100k salary. Not even 10k cash to buy a car Terrible

[@MsLucky443]

I always drove beaters for cash, but I was young and healthy. You can still drive safe beaters any age.

[@localone1597]

There was a time when I was younger I was buying another car every year or two. I'm glad I grew out of that stage years ago, lol. Some were new and some were pre-owned but still didn't make sense.

[@TheHoriginal]

Jonathan 😂