What Most People Get Wrong About Cars | Dave Ramsey's Greatest Hits

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[marthasteward]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.

[MightyGodofGods]

“They are brain damaged. Their parents are cousins.” 😂😂😂

[oblivion]

Man, I miss these old Dave Ramsey videos where it felt like he was talking to you one on one.

[ibmtpx]

Close to 2m net worth no debt and my car is a 2015 Mazda minivan I bought used for $10k. Loving the car and living in my dreams not caring about what other thinks.

[chotunab]

Every time I see or hear on the radio the Ramsey show it really is unbelievable what people do with their life/money especially when they are over 65 years old and have to work. It is heartbreaking and very sad. I came from India (the largest Capitalistic country in the world) where we have no welfare, no social security, no free school and no mortgage, just maybe now it is possible to get a car loan, so our parents (especially the father teaches us kids to spend money wisely and invest in the future) so when I came to the US, I followed my father's footsteps to build successful future. I did not follow Ramsey's baby steps because I did not need it (I have full respect what Ramsey says to the people in trouble) I hope there are more and more people who listen to Dave Ramsey before they get into trouble and make wise decision in up the good work👍

[JoeMNPT]

Man, after listening to new ramsey show episodes for the past year then hearing this, it’s so much better listening to old Dave by himself.

[stratoplayer]

My car is a 2012 model and do not have to make any payments on it. Last year, I had to pay about $2500 in repairs just to be able to drive it. I’ll take that over any car payments any day.

[scottcampbell]

Bought my only new car 9 years ago. Started as a lease, but I saved enough to pay cash for it at the end of the 3 year term. Lost my job at the end of 2019 (and struggled to find something new during COVID). Having the car paid off was such a relief and it’s still going strong today. I live 2 miles from my new job, so the car only has 72, 000 miles on it.

My previous vehicle was a 1997 Silverado that I bought in 1998 and drove for 17 years, so I expect this car to last at least another nine years. Just building wealth debt free, now. On track to be a millionaire in 6 or 7 years.

[XimHo]

My husband 's dream had been a Platinum Sequoia Toyota since his 40s. Before he got it, he'd been driving cheap used cars for years until he bought it at 67K in 2019 with no loan. He enjoyed driving it for his early retirement at 62- yr old.

[lorrainedempsey]

This man with the BMW problem, is exatly why i told my son at the age of 23, that in two yrs, at 25, he will have to go out on his own. He needed to learn how to take responsibility for himself. He is now, 52, and is very much financially secure, and will retire when he is 55. He is not college educated, but is self educated financially. 👏👏👏👏👏👏👏

[muniondalenewyurk]

I retired last year from hospital admin job after 22 years of service at 60 years old. I got financial management counseling for two years prior to retiring. Paid off my car last year. My husband is retiring in 5 years from the post office & I double his contributions to the pension plan & the post office matches. Last year we got a 10k gain on his pension investments. We purposely have shared one car the past two years to go to work (I worked in daytime for 30 years & he works evening shift for 29 years at post office). Prior to that we paid in cash for used cars, to avoid car payments. We have a 2018 Subaru that I paid off 8 months early. Now I’m working on paying off our mortgage, so in five years we will be mortgage free when my husband retires! 😊❤️

[anthonys]

Regarding Feraz. Thank you Mr Ramsey for helping out a young man who made a mistake.

[nancyford]

My son worked from high school at a small airport, did 3 yrs of aeronautical engineering then was needed full time at the little airport. He went back full time and studied on his own...no school and git his mechanics license, then one of his 2 days off worked on helicopters and that money all went for him to get his pilots license within 2 yes, then went on to get his license for doing yearly plane inspections. All done on his own. Now still working 40 hrs a week at the same place but the on call mechanic at the local county airport even on his days off. Proud of him. Pays cash for cars. He is am example for your show. He is 55 and been married 38 yrs, they have 5 rentals from tax liens.

[zJoshyman]

I grew up in my dads used car business. Im 33 years old and have been driving 5000 dolar paid for cars my entire life. One of the best financial lessons i took from my parents was drive good used cars.

[paulstandaert]

This first guy on the show is a perfect example of why I do not support student loan forgiveness. 27, living with parents, $600 car payment, and $10, 000 in credit card debt and broke!

[TheWiseYoung]

I only had a mortgage. Found a vehicle I wanted. Too low of price not to buy, damaged title, didn’t care about any of it. Financed it to talk the dealer into a lower price and warranty, and didnt care. Not waiting till I’m 65 to enjoy life. Paid the loan back after 3 years.

It’s relatively easy to make purchases for yourself when you are in control of your finances.

These people calling in who have less than a jar of dirt to their name, who have 60k in CCD and some how were approved for 50k auto loans are exactly the folks who need to listen to Dave.

[rajbeekie]

I love Dave's comment on whole life insurance being a rip off. He is 100% correct.

[As_A________Commenter]

If BMW stopped financing Persians and Armenians in Los Angeles, their entire North American division would immediately collapse

[bobschnittman]

OMG. Dave "I want it so I am going to go buy it, uh" -- Hilarious

[euzcchh]

The car load company also got my brother too. The company tried to get my brother to buy add-on packages that increase the price of the load. For those young people trying to buy first car, find someone with experience to shop the car with you.