Does Buying a $25,000 Car Make Sense?

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[david]

"I want to buy a pack of gum at 59¢"
"What is your household income?"

[BernadetteTeachesMusic]

After learning about the Dave Ramsey plan, I bought a car cash and at first it HURT to write that check. Having the money in the bank really did make me feel good. Now that half a year has passed I can say it feels even better not to have car payments and I was so determined to “make up” for they money I had spent, that I got gazelle intense on replenishing that money back into my savings. It took a lot less time to build it back up.

[Mmolesy]

She just used her 50, 000 words for the day in one short phonecall.

Bless her heart. Pray for her husband. Donations of earbuds are much appreciated. 😂😂

[briancaulfield]

Words no caller has ever heard from Dave Ramsey before:

"Buy the car"

Congratulations, you have won the Dave Ramsey challenge.

Bonus points because it's a freaking LEXUS.

[HaroRider]

People have an easier time financing $50k over 5 years plus interest. Than dropping $25k straight out the gate and being done with it. So weird when you think about it.

[KB-sgtv]

I want to call and ask Dave a question but my manager listens to Dave Ramsey too and she would totally recognize my voice 😂😂😂

[yvonnemclaughlin]

Dave is so patient. I would have stopped her 20 seconds into her speech 😱

[AndrewHillard]

as a 22 y/o in college I enjoy the vehicle conversations. I have a cheap car and my parents are trying their best to get me to buy a car. I just want something to get me up and down the road rn lol

[tmusa]

I’d love to drive through Ramsey’s parking lot and see what types of cars are parked there!!

[conaldpetersen]

Money isn’t the only thing she should be worried about wasting. TIME WITH THIS CALL

[tomj]

I'm still trying to wrap my head around how anyone at this income level could have any money problems at all. I buy new cars for less than $25k with cash and keep them for over a decade as it's the least expensive and trouble free way to drive. I bought our first new car in 2006 when the lowest price I could negotiate for a 3 year old model with 50k miles was $15k and a brand new one (new model design too) was $18.5k after a rebate. Pretty much a no-brainer and lower priced, base models have less depreciation. Prior to that we always bought used, what we could afford with cash, usually buying a "new" car every 2 to 3 years and taking about 6 months to find a good deal. I love not having to shop for a replacement vehicle every few years and no other repairs other than tires/brakes/oil changes for a decade.

[jamesjhonson]

I work for a car dealership, it amazes me how much value they loose through depreciation and the people that come in to buy them and finance them between 60-84 months, paying $560 a month on average.

[stevengerrardO]

Moving soon to the US for a work assignment for a few years from Germany, I'm in my 20s and this channel is incredible to learn from the mistakes others have made! (and to stop dreaming of 50k cars)

[gybx]

Believe me, when you're over age 65, the last thing you want to do is buy a used car, buy expensive parts for repair, and struggle to perform the repairs yourself. I've only had one new car in my life and I kept it for 25 years. But there comes a point where the repair costs are beyond the worth of the car. And when you're older, you want a reliable vehicle with the best warranty you can afford. I doubt Mr.Ramsey has done many car repairs lately.

[Madlyn]

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are

[flisfinance]

It’s nice that people reach out to Dave to get some advice before making potential financial disasters!!!

[umairahmad]

Caller : How much should I spend on a car ?


David Ramsey: Sell the car !!!

[jh]

Dave says “Buy the car.” At 2:54. This call goes on past 8 minutes.

[michaelb.]

Love the look on Dave's face as he's losing 30 IQ points listening to this confused caller.

[agjios]

It's a Lexus GX. I agree with Dave that she should buy a $25, 000 vehicle. But she doesn't need a dang GX to carry 3 kids. It gets 17mpg, AND that's on premium fuel, so accounting for the difference, that's like a standard octane vehicle getting like 13mpg. She could get a $25, 000 van, Honda Pilot, Highlander, etc.