I Owe $32,000 On My $18,000 Car!

Next Steps:

Explore More Shows from Ramsey Network:

Ramsey Solutions Privacy Policy

Product Links:

[TownspersonB]

Who needs enemies when you have friends like that?

[Alrounderrrr]

How low a car salesman can go? Seriously taking advantage of co workers… shameful

[truejoyjourney]

Poor woman, bless her heart. Praying she has wisdom to overcome this, lesson learned I guess.

[DaddychiLL]

😂😂😂😂 u work at a dealer and still got got a 2018 for 50k is wild

[luketarplin]

With friends like this, who needs enemies? This young woman is shark bait to all the predatory shark lenders out there… “oh yay, free money”

[santafilipina]

The friend was after the commission, that's why.

[BigRed]

She got all the warranties 😂 omg her dealership fleeced her

[Brandonsaidit]

We need financial literacy education in high schools

[yuckyool]

Painful, valuable lesson learned by this young woman. She is moving in the right direction.

[christopherstimpson]

The few times I walked into a new car dealership, I felt like I was in a snake pit. I have had some great experiences with used car dealers, especially in small towns.

[shaynesbuzzworld]

Sadly, business is business. They will tell her like a dealer told me, there are no take backs. I called the next day after regretting a bad purchase. She’s stuck with it and will take the loss to sell it.

[ElectricBlueIX]

She didn’t pay $49k for the car. That’s just what she will end up paying if she makes all 72 payments. This is a classic example of people not even looking at the price and desperate for a new car. They just wanna know the payment and justify how they can “afford” it without looking at the fine print. She’s stuck with this car unless she sells it and takes out a personal loan to cover the difference of what she owes.

[cuh]

I’m very optimistic about this caller. She has a bright future learning this early on

[jtlegionnaire]

There’s gonna be more calls like this as prices come down and people are underwater from super overpriced 2020-2022 cars

[foolanita]

I almost signed on a 20% because I didn’t know what I was doing and my friend showed up last minute and asked to look at the contract and said No were leaving. Now after watching all these videos I can’t believe how lucky I was that he showed up before I signed them. Thank you to him I’m not in this type of situation. I hope she can find a solution to this ❤

[mmitbitw]

Not surprised. I have a friend who went to the dealership and the first thing she said is that she has $10K to put down. The dealership ended up raising the price $10K, collected the $10k down payment, and she didn’t notice until I pointed out that they up charged on some line items.

[sunayyaldz]

Wow, she was taken advantage of big time. Poor girl.I hope she learns from this experience and gets more careful with whom she trusts.

[Joshmarmolejo_]

I had to replay George’s reaction when she said who sold it.

[st.floyds.banana]

32K eight months ago? This is worth about half that. This almost seems criminal..

[bigcahuna]

$49, 500 for a four year old VW SUV??? She could have bought a four year old Lexus or Audi SUV for about the same price, maybe less.