How Much Should We Pay For Our New Car?

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[crimesofthecentury]

Bought my Kia new for 12K in 2002 and 16 years later it's still going strong. Best thing I ever did was get out of that "replace the car as soon as it's paid off every 5 years" mentality.

[riche]

Dave just gave someone advise to get a car payment! Never heard that from him before! but totally made sense for this couple's situation. D. R. Is the man

[david]

"...totalled a lease vehicle we had, hahaha"

Dave: 😒

[JMLiNa]

My dad drives a 1998 honda accord v6 with over 300, 000 miles. Original motor and still runs strong. No oil burning and passes smog. 90's Japanese cars are the best. Commutes around 180 miles a day round trip.

[chrisludwig]

Dave's car advice is spot on. We people are so buffaloed about cars

[justonemori]

Buy a 5-6 year old Civic or Carolla for half the price of new. I did that and still driving the Civic 15 years later. I love having a few hand tools and motivation to get things done.

[alexandrar]

I’m driving a 16 year old Nissan that I paid for in cash 12 years ago. And proud of it!!!

[younome]

I am also a road warrior. I drive about 20k miles a year. I found out the best thing to do is get a 93-2000 Honda Civic or accord. Every part is cheap, and most things you can replace yourself. I payed 400$ for a 1997 accord. I’ve ran it over 6 months now with minimum problems.

[froggore]

This demonstrates that Dave is, above all else, a level-headed pragmatist.

[warwagon]

"Totaled a fleased vehicle that I had, hehehe" *Daves face* Dave is not amused

[wilsonmoran]

OMG! I just realized Dave Ramsey is a Ric Flair fan!!! Now, I love him even more. 6:02

[thermalreboot]

Finally, Dave confirmed what I believe, hoopties are only good around town. I bought a $16, 000 used Corolla for my 50, 000 mile a year commute.

[TF-MJ]

I think Dave is just being realistic about their car situation. He knows that advising the husband who is a "road warrior" to get a $2k car is bad advice. The guy will be broke down on the side of the road within weeks and will be spending money left and right to keep the car going. I think them getting a modest loan (which is what they had already) to get a $5k+ car is reasonable for their situation. I've said it a million times but my Honda Accord was the BEST vehicle I ever owned. He could easily find something similar for $5k and drive it throughout the rest of their debt free journey. Good luck!!!

[joonyaboy]

Camry, Accord, Civic. Highway warriors

[cerealentrepreneursandbusi]

I binge watch Dave Ramsey because it’s entertaining

[Smullet]

Should be concerned about fuel economy and engine longevity at 50, 000 miles a year. Pay a little more to pay a lot less over the long term.

[standapartever]

Dave is advising that they swap debt for debt of the same capacity due to road warrior lifestyle. No new debt, no extra debt.

[ShaneRG]

Who else dove into the comments to see who else noticed that Dave endorsed some sort of loan? I'm shocked? I don't think he's ever said something like this before

[mmaboxingko]

This lady was for sure mixing up the words “lease” and “loan”...she thought her loan was a lease...

[gabeishere]

I'm driving a 2000 Mazda Protege I bought in 2005 used for 6-7 grand. All you need is maintenance and not worry about what you drive!