Dave doesn’t quite understand the full car market. A used Type R with 10-12k miles is not going to be too much cheaper than a new one. Some cars do maintain value quite well and in this instance it is good to have the assurance you bought a vehicle that was broken in properly and treated well.
Dave said in 5:07 As cool as it is a don't know if the Honda Type R is a "beautiful car". I mostly think of Aston Martins, old Jaguars, and Porsches when I think of beautiful cars not really cool jdm cars.
This guy is doing great, 27 a100k salary and 100k in the bank not including retirement funds. Personally I rather invest that 35k into some rental property but he's done well enough to reward himself .
You could tell the caller wasn’t about to argue when he realized Dave didn’t know anything about type r’s and how they do hold their value so he just agreed with him lol.
I feel the same. Can easily afford stuff but don’t want to spend the money. I also found that dreaming is just if not more fun than actually buying it.
I definitely appreciate the more realistic calls not people saying they have 100K in the bank and make 100K a year just called in to get told to buy the car he already knew he could afford
Definitely a mental thing. I’m kind of the same. We know we can afford things but seeing the money in your bank brings you more joy than spending it. Also a sense of security in case something goes bad. He’s also probably never spent over 20k in one transaction so that probably makes him feel more uneasy even though it wouldn’t affect him at all financially. It’s all mental.
I paid 36k cash for my Type R new in 2019 and i have had multiple written offers for 33k since then. They hold their value insanely well. It’s not that they don’t drop in value at all, but it’s much much less than other cars. Amazing car, buy it dude I drive my R more than my M3. You will love it just go buy one
Shane, if you're reading this, do this: Go out to a modest dinner and leave the waiter a $100 tip. Do this a couple times and you should start to feel better about spending a bit on yourself.
@Viper lol you just told me I'm wrong and contradicted yourself by saying "small" restaurants don't do it. Well, majority of restaurants now after the pandemic are not small restaurants. They're big franchise chain restaurants. Most people dont shop local anymore. Therefore meaning majority or "most" like i said share tips
@@averywealthyman4194 Do you even have roads in Alaska? 😂 ever been to Michigan where we can't chain our tires and rely on salt? My husband's car was so rusty it cut his brake lines! 😂
Our partners at IntelliChoice assume 42,000 miles at the end of three years and the Civic Type R's value to be a whopping 87 percent of its new price. I'd call that retaining much of its value.
This man is the only wall that is stopping me from dropping 40k on a new Tesla car by reminding me that it's an impulse decision. I have a 2015 year old Corolla that still runs well with around 50k miles. Thank you for the reality checks and keep up the good work!
As a recent college graduate who is debt free and should probably save for a house, I really want an E36 M3 before they become unobtainable. I understand this man’s question.
It's difficult being a younger car enthusiast. I'm looking to buy my first house, but I'd also like to buy a Dodge Challenger 392. Unfortunately, I can't afford both right now.
Save up, Import one from Europe. More power. Also, there were so many more e36s made than the e30, so don't get scared because of how much the e30s shot up in price. Just be diligent, patient, and save. (Oh and get an e46 instead 😉)
Joshua Walker Ahhh another avid BMW fan, I see. The E30 is my favorite M car, but they are now unobtainable. A stock, low mileage example sold for $250,000!!! The E46 is nice and people say it is THE best drivers car (especially in the M family), but I just love the boxy look of the E30 and 36.
@@rrennnerr Wait what! E30s are that expensive now! I had no idea. My new neighboor has an E36 and an E30. He daily drives an M6. No wonder he lives near me, he has no money left, bwahahaha.
Buy real estate over your car, bro. I know it's probably hard, but 50 y/o Andrew will thank you. Plus, investing in appreciating assets will allow you to buy whatever car you want in the future!
To be fair I think caller meant it holds its resale value. And yes Hondas and Toyotas both hold resale value better than most and don’t depreciate as fast. Both sides had a point.
Dave doesnt know what a Civic Type R is, although I do agree with Dave to buy a used one unless you are a millionaire. Used integra type R have sold for over 80 grand at auctions.
The only reason a car “holds value” is when the demand is higher then the supply. Once something better comes out this car will drop in value tremendously. It’s only a Honda Civic type r .
Nah Honda's and Toyotas are the best at holding unless the American Brands. For ex I had an 96 Civic before and got in a wreck and a insurance owed me 3k after paying it off because it maintained value so well. I literally got paid to drive it
What’s your income? What are your car payments? Might’ve brought more value to you but for most people a 35k car rarely provides more value than what paid for
Giasai I paid cash for my R. Maybe he did too. 36k isn’t a hard sum of cash to part with for some people who have a passion for great driver’s cars. No need to be hasty on assuming his payment
Insurance company treats it just like other Civics. Source: I owned a regular Civic. just bought a 2020 Civic Type R and my insurance went up only about $20/month.
The Civic Type R that caller mentioned is one of those cars that does not depreciate much. A friend of mine bought a 2017 for $32K. That car was priced $35K back then. I bought a 2020 Type R a couple weeks ago with MSRP+ $1K markup. Most cars do depreciate however unlike this one.
When I was his age I bought an inexpensive new Mazda and regretted it. Paid the stupid tax on that one. I bought a more expensive 2 year old used Audi a few years later, and kept it for 12 years. A new car is only new before you buy it. Once you buy it, it’s a used car, and it’s going to drive just as good either way. So get the used car, unless you’re a millionaire.
Honestly the way I look at it is if I can pay for something 10 times in cash then I can afford it . U have 100k in the bank and make 100 k a year I would say try buying a car that’s in the 10-15k price range. But if u don’t mind giving up 1/3 of ur savings then why not
I have heard brag on his show before. This sounds more like insecurity about doing the right thing. He told Dave his ‘numbers’ because Dave would have eventually asked anyway.
You better be sleeping, eating, and working in money. I understand having money to have a better quality of life, but having money for the sake of having money is just greed.
Dave's point is that if you drive that car as a daily driver for 10 years, it won't hold value. If you keep it as a weekend toy and put 3k miles per year, it will hold value, and if honda stops making it over the next few years, it will become a collector's car, like the S2000 and the NSX. So Shane should buy a new one, because he can, and he should enjoy his toy. Dave also said that at the end.
Dave is not right, but you are not either. Assume you go back in time and put whatever it was a NSX cost into an index fund, how many NSX could you have bought if you cashed out now? Not to mention if you had bought the car you still would have had to maintain it. Just because some cars no longer depreciate does not mean they are investments, so I side with Dave on this one.
GET A Honda S2000 IT HAS ALREADY DEPRECIATED ALOT AND IS THE BEST CAR HONDA HAS EVER MADE(Better than the type R). IT IS A GREAT TUNING AND DRIFTING CAR.
@@wololo4761 Why? I think the S2000 is better than the new Civic Type R, and the S2000s are older and have already taken the majority of the depreciation with prices rising in the past year.
That’s a good car. Dave is wrong, this car holds its value extremely well. The first Acura integra type R sold for over $100k. It was only $25k brand new in the 90’s
Some cars do hold value a lot better than most. IT’S JUST A FACT. Compare a 3-4 year old S63 AMG vs a Porsche GT3 on the used market both cost around 180k new. Once they both get 10 years old the GT3 can still be worth 100k the S63 will be like 30k
I think that car might hold its value a little better than the average. Case in point, the 2017 is just as much as a new one. And dealers are actually marking-up the MSRP of these cars.
@@glich610 Nah S2000 was in a segment that no one makes anymore. A cheapish small sports car. The only competition now is/was the Miata. Type R has many more competitiors. Veloster N, Golf R, focus RS, STI
If you buy new, you better keep it over 12 years. Key is dont be trading every 3 years. Go the long distance of ownership and stay on top of maintenance
A new one will cost you 38 to 40k plus all taxes, title, license, documentation fee. He says brand new he can get one for 35k but that’s incorrect. A used one you can get starting around 32k so yes, they do depreciate just not as much as other cars.
Davis so of touch with reality yes that type R will go down in value but not as much as other cars and even 10 years from now their value will be strong because it's a very hot vehicle for certain people you can't even go by Book value on a vehicle sometimes there is an Enthusiast value in those vehicles that bids the price up on most of them to buy one used will be almost as much as new and when you're buying a car like that you don't want one that has been beat on by somebody else which unfortunately usually happens
I like the Ford Expedition Eddie Bauer. It’s sleek. It looks good, and it’s comfortable to drive; heated/AC seats, sunroof, super easy to replace lights, and do the minor repairs on your own; everything from quick release gas fill up and go, to Aux/blue tooth, tinted rear windows, to space, to easy cruise settings, the works... Downsides, when I first started w/ Dave it was too much car for me and only realized that after listening to him, it’s a gas guzzler, good thing for the quick/easy fill up lid and go b/c you’re there a lot, and also learned from Dave some cars are expensive to repair if they break, and that’s certainly the case here, sun roof cost me $700 to fix after my assistant broke it, and a few other automated features can go bad if you’re not careful... with automation can come repairs, but it’s not that bad to repair... I ended up keeping it, like the car and could do Dave Ramsey plan in the 2 year time frame... I used to brag I don’t mind paying a few extra thousand for extra features on a car, then I met Dave and realized I was broke with these thoughts. You want to be a millionaire, you’ve got to think like a millionaire. I should have started out w/ an old beat up car and if the AC didn’t work, roll down the windows... heated seats, give me a break...
Right now used cars are insane. My brother sold his 2019 Charger Scatpack for more than what he paid new SELLING to the dealer, he bought it for 40k and sold it for 41k. Used cars are crazy right now. Some newer cars are being sold for less than new cars.
Buy that car! That is a quick and reliable vehicle. 306 hp, 0-60 in around 5 seconds and a top speed of around 170 MPH. The only issue with buying one used is that the previous owner probably beat the heck out of it.
The problem with buying a used car like the honda civic type r is that since it's turboed, the person selling it probably ragged it out and abused it. The car is meant to be driven hard. I'd be very weary of buying something used like this.
Yet another person calling in to flex. 100k a year job and 100k in the bank and having to ask to buy a 35k car. If he was good at managing his money, he could save that much next year. Smh.
Love people, not things; use things, not people. -Spencer W. Kimball Admittedly I’m not a car person. Hubby is and would love a nice little Porsche but not ready to take from investments (yet). Dave and Dr D would prob tell him it’s time. I agree caller has done well and should reward himself. I think quote above is good to just keep things in perspective. Enjoy 😉
Some cars hold their value almost too well and are just not worth buying used. This is one of those cars. As is the Subaru WRX or STI. Throw in the “probably been abused” factor and stay far away from the used ones... Not everything has its value fall off a cliff like a BMW.
I feel this pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security.We need to take budgeting seriously. So l really appreciate your transparency and giving people more to think about during these unsettling times.👍
Hey Dave, I found a vehicle that doesn't Depreciate right off the lot. C8 Corvette. Buy it at 70k , drive it a few months, Turn around and sell it for 100k . Bamm. Finally a vehicle with wheels and motor that doesn't lose money but gains How bout that
I wont spend that much on any vehical because its à depreciating item buy cheaper and save guess what that vehical is worth in 3yrs..4yrs you lose all that savings money
I don’t agree with u have to be a millionaire to buy a brand new car if u have enough invested and saved up and have a decent income u should be able to get it a brand new car yes you are basically burning money but with sport cars people normally buy them to drive them hard and have fun
I mean, Dave basically says this because buying a brand new car is a luxury and not a necessity. I'm guessing he holds the 1M net worth goal post as a guideline for those thinking about burning their money on stuff that depreciates. I'd argue that if you're not debt free, maxing out your 401k / IRA / HSA every year, and have your savings rate at least 30-40% range minimum, then you already can't afford a new car. I don't know if some of the folks here remember, but that video Dave released like 2015-ish about savings rate is pretty big. The #1 indicator in 2015-ish (74% of the indication) of retiring wealthy = savings rate. To quote Dave "putting money in your freaking retirement account".
Dave, not all cars go down in value. I can name 7 off the top of my head that almost never depreciated, and countless that are going up in value with time. First one that comes to mind is the BMW Z8.
I see what he is saying. 2nd hand 2017-2019 are not really any less than brand new. He should check with Doug DeMuro on how to get a bumper to bumper warranty for 5 years thrown in for free and get a new one in this case!
@@pkal244 Impossible for the car the caller wants. Might be better to buy new to prevent hidden issues from the previous owner abusing it which is common in this type of car.
@@TheLivedeath fair point. There are several hobbies that are dangerous on the millionaire grind. Being a gearhead is one of them. You can spend so much money trying to tune performance it's silly.
All cars don't go down in value. Ny dream car is a 1993 Mazda rx7 and its only been going up. Its iconic. Certain cars from movies, races, games, whatever that people love will always PAY up. Especially if its an automakers sports car. Go look up all those 1960s muscle cars.. they are all UP in value. Don't be an idiot and say THEY ALL go down.
lol thats funny I was doing tons of research on the Type R also but I ended up getting the Honda Civic Si. the type R even used sells more than 35k because its highly sought after. most dealerships were charging 50k for those cars because everyone wanted one and they didnt make a lot.
This is a smart guy. He didn't bother arguing with Dave about the Type R value curve. Go find a new one you like and call it a day! If you're worried, just pay yourself back after over 12 months of rice and beans.
At this point I think people just call to flex😂🤦🏿♂️
Flexors flex 💪🏽
I love how he paused after letting Dave know what he has in savings/investments and expected Dave to praise him lol
😂😂
Cool!
You must be insecure, I don't think anyone thought that
@@Bremith103 The thought did cross some people's minds. I know because I can read people's minds.
Joey it was an awkward silence lol
Dave doesn’t quite understand the full car market. A used Type R with 10-12k miles is not going to be too much cheaper than a new one. Some cars do maintain value quite well and in this instance it is good to have the assurance you bought a vehicle that was broken in properly and treated well.
Type R is also a car prime for abuse. I can see some young kid financing one then redlining it regularly. Then turning it in to the dealer.
Dave thinks he knows everything about cars. I would buy new and keep it forever. Plus you know it hasn't been abused.
Dave said in 5:07 As cool as it is a don't know if the Honda Type R is a "beautiful car". I mostly think of Aston Martins, old Jaguars, and Porsches when I think of beautiful cars not really cool jdm cars.
At least 10-20% cheaper.
Unless you go to a car lot that rips you off as most are charging above KBB for used cars
Blackhole Falling!
I agree but to each their own. 😉
Thanks to Dave, I sold my car and now take my rollerblades to work.
😂😂
Ohhh man, this comment is priceless 😂😂😂
Rollerblades are too expensive. You should sell those and buy some 2x4s and bolt some shopping cart wheels to them
beans, rice and rollerblades!
Thats excellent if you had too much car.
This guy is doing great, 27 a100k salary and 100k in the bank not including retirement funds. Personally I rather invest that 35k into some rental property but he's done well enough to reward himself .
Let men have their toys
Done well enough? The guy is 27, he can blow the 100k in months if he wanted to. I’d stay intense
@@user-to1kq6vq1our judging someone for having 100k cash lol and what do you have again
He still has to live a life if he has no debt. @@user-to1kq6vq1o
You could tell the caller wasn’t about to argue when he realized Dave didn’t know anything about type r’s and how they do hold their value so he just agreed with him lol.
so true lol, probably because if u disagree with dave a bit he just hangs u up with no warning xD
I feel the same. Can easily afford stuff but don’t want to spend the money. I also found that dreaming is just if not more fun than actually buying it.
I definitely appreciate the more realistic calls not people saying they have 100K in the bank and make 100K a year just called in to get told to buy the car he already knew he could afford
Definitely a mental thing. I’m kind of the same. We know we can afford things but seeing the money in your bank brings you more joy than spending it. Also a sense of security in case something goes bad. He’s also probably never spent over 20k in one transaction so that probably makes him feel more uneasy even though it wouldn’t affect him at all financially. It’s all mental.
I paid 36k cash for my Type R new in 2019 and i have had multiple written offers for 33k since then. They hold their value insanely well. It’s not that they don’t drop in value at all, but it’s much much less than other cars. Amazing car, buy it dude I drive my R more than my M3. You will love it just go buy one
Shane, if you're reading this, do this:
Go out to a modest dinner and leave the waiter a $100 tip.
Do this a couple times and you should start to feel better about spending a bit on yourself.
Except that most restaurants now share tips so that $100 just got spread out 8 ways and didn’t actually help the waiter/waitress you just tipped
@Viper lol you just told me I'm wrong and contradicted yourself by saying "small" restaurants don't do it. Well, majority of restaurants now after the pandemic are not small restaurants. They're big franchise chain restaurants. Most people dont shop local anymore. Therefore meaning majority or "most" like i said share tips
That's reeeeeeetarted
Chicago winters are hard AF on cars. The potholes will swallow your wheels!
Same thing in the great state of Colorado
Yup especially something so low profile like a Type R. He’d be better off getting himself a nice lifted Wrangler or something.
@@averywealthyman4194 Do you even have roads in Alaska? 😂 ever been to Michigan where we can't chain our tires and rely on salt? My husband's car was so rusty it cut his brake lines! 😂
A little under 2k can get him a set of wheels with snow tires, swap during winter
@@johndone8045 what if your car is only work $2k? Buying a "set of wheels" for my car would cost more than it's worth 😂
Don’t buy a new one. My new car is 3 years old with 14 k miles on it. New was 50 k I payed 21 k drives like new.
Our partners at IntelliChoice assume 42,000 miles at the end of three years and the Civic Type R's value to be a whopping 87 percent of its new price. I'd call that retaining much of its value.
I call that losing 13%
@@fhuber7507 q
Let's see what it retains after 10 years, maybe 35%
@@Da_padilla DUH
@@todd2456 yup!
This man is the only wall that is stopping me from dropping 40k on a new Tesla car by reminding me that it's an impulse decision.
I have a 2015 year old Corolla that still runs well with around 50k miles.
Thank you for the reality checks and keep up the good work!
As a recent college graduate who is debt free and should probably save for a house, I really want an E36 M3 before they become unobtainable. I understand this man’s question.
It's difficult being a younger car enthusiast. I'm looking to buy my first house, but I'd also like to buy a Dodge Challenger 392. Unfortunately, I can't afford both right now.
Save up, Import one from Europe. More power. Also, there were so many more e36s made than the e30, so don't get scared because of how much the e30s shot up in price. Just be diligent, patient, and save. (Oh and get an e46 instead 😉)
Joshua Walker Ahhh another avid BMW fan, I see. The E30 is my favorite M car, but they are now unobtainable. A stock, low mileage example sold for $250,000!!! The E46 is nice and people say it is THE best drivers car (especially in the M family), but I just love the boxy look of the E30 and 36.
@@rrennnerr Wait what! E30s are that expensive now! I had no idea. My new neighboor has an E36 and an E30. He daily drives an M6. No wonder he lives near me, he has no money left, bwahahaha.
Buy real estate over your car, bro. I know it's probably hard, but 50 y/o Andrew will thank you. Plus, investing in appreciating assets will allow you to buy whatever car you want in the future!
35k is actually a good price for it today I can’t find any lower than 38k
“In 10 years it will be a cute little old car”😂
Atleast it will still be "cute". In 10 years most of us will just be.....old.....
He has no idea how much value a fk8 holds
Best Line:
Caller: "They hold their value pretty well"
Dave: "No they Don't"
Caller was right Type R is one of the best cars to hold their value, as long as you were able to pay sticker or lower for the car.
A typer will probably go up in value over the years..
Clearly, you don't know lol
jr5.o maybe if he doesn’t drive it.
To be fair I think caller meant it holds its resale value. And yes Hondas and Toyotas both hold resale value better than most and don’t depreciate as fast. Both sides had a point.
The civic type r is a safe bet to hold its value, manual cars are dying out quickly and people will pay big money for them
Dave doesnt know what a Civic Type R is, although I do agree with Dave to buy a used one unless you are a millionaire. Used integra type R have sold for over 80 grand at auctions.
Blue Collar Money & Investing Channel..... Yeah the original Integra type R..... There is no chance a 2018 Honda type r is going down that path
@@Soljarag5 you never know...Only time will tell!
There not worth 80 k. Madness 😳
I had a yellow one stolen in 2005.
The only reason a car “holds value” is when the demand is higher then the supply. Once something better comes out this car will drop in value tremendously. It’s only a Honda Civic type r .
Nah Honda's and Toyotas are the best at holding unless the American Brands. For ex I had an 96 Civic before and got in a wreck and a insurance owed me 3k after paying it off because it maintained value so well. I literally got paid to drive it
I’ve had my type R for 6 months now and the value is more than what I bought it for
What’s your income? What are your car payments? Might’ve brought more value to you but for most people a 35k car rarely provides more value than what paid for
Giasai I paid cash for my R. Maybe he did too. 36k isn’t a hard sum of cash to part with for some people who have a passion for great driver’s cars. No need to be hasty on assuming his payment
I have a '69 Mustang and EVERY year it moves up in value.
You can go get this car!
Caller: Okay
It's a Honda Civic with 300hp. Wait til you see the insurance quotes haha.
Cheaper than my 650 horsepower car I bet
Insurance company treats it just like other Civics. Source: I owned a regular Civic. just bought a 2020 Civic Type R and my insurance went up only about $20/month.
Its not that bad
cant be that bad I got a 2020 Honda Civic Si and i only pay $119/ a month full coverage
The Civic Type R that caller mentioned is one of those cars that does not depreciate much. A friend of mine bought a 2017 for $32K. That car was priced $35K back then. I bought a 2020 Type R a couple weeks ago with MSRP+ $1K markup. Most cars do depreciate however unlike this one.
When I was his age I bought an inexpensive new Mazda and regretted it. Paid the stupid tax on that one. I bought a more expensive 2 year old used Audi a few years later, and kept it for 12 years.
A new car is only new before you buy it. Once you buy it, it’s a used car, and it’s going to drive just as good either way. So get the used car, unless you’re a millionaire.
I bought a 2006 Porsche Cayman S in 2015, drove it as a daily until October 2023 and sold it for 2.5k more than I paid for it. What a car.
In 2012, we bought a 1996 pickup truck for $3300. With regular maintanence, it still runs great!
"In 10 years it'll be a cute little old car"
Supra and R-32 😕
S2000, shelby GT500
Honestly the way I look at it is if I can pay for something 10 times in cash then I can afford it .
U have 100k in the bank and make 100 k a year I would say try buying a car that’s in the 10-15k price range. But if u don’t mind giving up 1/3 of ur savings then why not
If I was this guy I'd be saving to buy a nice apartment with cash and buy a used car for around 20k
Not in Illinois I wouldn’t.
The Honda bug when it bites, bites hard.
I swear some people call just to brag
How so? It is a baby step 1 - 7. I for one am getting annoyed by the endless baby step 2 idiots.
I have heard brag on his show before. This sounds more like insecurity about doing the right thing. He told Dave his ‘numbers’ because Dave would have eventually asked anyway.
You better be sleeping, eating, and working in that car if it's $35,000! Choke every cent out of that car 😂
You better be sleeping, eating, and working in money. I understand having money to have a better quality of life, but having money for the sake of having money is just greed.
@@PacoPR28 you ever heard of the phrase "financial security"?
@@e.samoor8323 facts
@@e.samoor8323 One thing is financial security and other thing is hoarding money. You do not have to be a millionaire to be financially secure.
@@PacoPR28 99.99% of people cannot hoard enough money for it to be called hoarding.
Dave's point is that if you drive that car as a daily driver for 10 years, it won't hold value. If you keep it as a weekend toy and put 3k miles per year, it will hold value, and if honda stops making it over the next few years, it will become a collector's car, like the S2000 and the NSX. So Shane should buy a new one, because he can, and he should enjoy his toy. Dave also said that at the end.
It’s a Honda Civic Type-R.
It’s a drivers car. Best of JDM.
I’ve been lusting over a CTS-V wagon 6spd for a few years, new they were 60k.. now they’re selling for 55k... why me!
It's a Honda miles don't matter they run forever.
Gotta be careful with some Honda automatic transmissions. A Honda with a manual though...they're pretty much bulletproof.
Unless they have a automatic transmission
You’re young, you have the money. Get the car.
dave: "nothing hold value with wheels and motor, they all go down in value"
honda s2000, lotus exige, original nsx, porsche 993: "am I a joke to you?"
I know you’re kidding, but I’ll add that in many videos he does mention exceptions to the rule.
the original Acura integra Type R
I wish I would of bought a s2000
You’re right; the mint condition, low miles, unmodified ones, if you want to enjoy the car they will go down regardless
Dave is not right, but you are not either. Assume you go back in time and put whatever it was a NSX cost into an index fund, how many NSX could you have bought if you cashed out now? Not to mention if you had bought the car you still would have had to maintain it. Just because some cars no longer depreciate does not mean they are investments, so I side with Dave on this one.
GET A Honda S2000 IT HAS ALREADY DEPRECIATED ALOT AND IS THE BEST CAR HONDA HAS EVER MADE(Better than the type R). IT IS A GREAT TUNING AND DRIFTING CAR.
Good luck finding one in good condition under 25k
those are nice cars. will have to get one at some point.
What a moronic comment.
@@wololo4761 Why? I think the S2000 is better than the new Civic Type R, and the S2000s are older and have already taken the majority of the depreciation with prices rising in the past year.
A lot of car enthusiasts are here because we're broke from cars/ mods and we want to buy more.
Dave doesn't know much about Type R's. They do hold their value.
100k in savings 100k salary at 27 years old. OMG
Loving the Type R, but by 2004 honda civic LX has 38MPG / type R is 28MPG Hwy. Kinda disappointed at that
That’s a good car. Dave is wrong, this car holds its value extremely well. The first Acura integra type R sold for over $100k. It was only $25k brand new in the 90’s
Some cars do hold value a lot better than most. IT’S JUST A FACT. Compare a 3-4 year old S63 AMG vs a Porsche GT3 on the used market both cost around 180k new. Once they both get 10 years old the GT3 can still be worth 100k the S63 will be like 30k
Who gets to 50 and regrets not spending money and that a car will make you happy and change your life? It's just a car. Not a life
True
he clearly said "holds it's value pretty well"
my car (wrx) is 75% of its original price after 10 years
Subaru gang
This is now a $40k car now used with thousands of miles. Some performance cars really do appreciate in value.
I think that car might hold its value a little better than the average. Case in point, the 2017 is just as much as a new one. And dealers are actually marking-up the MSRP of these cars.
I have a feeling that this car will be the S2000 's of today.
@@glich610 Nah S2000 was in a segment that no one makes anymore. A cheapish small sports car. The only competition now is/was the Miata. Type R has many more competitiors. Veloster N, Golf R, focus RS, STI
You could always eat rice and beans in your 35k car 😅
If you buy new, you better keep it over 12 years.
Key is dont be trading every 3 years.
Go the long distance of ownership and stay on top of maintenance
A new one will cost you 38 to 40k plus all taxes, title, license, documentation fee. He says brand new he can get one for 35k but that’s incorrect. A used one you can get starting around 32k so yes, they do depreciate just not as much as other cars.
Davis so of touch with reality yes that type R will go down in value but not as much as other cars and even 10 years from now their value will be strong because it's a very hot vehicle for certain people you can't even go by Book value on a vehicle sometimes there is an Enthusiast value in those vehicles that bids the price up on most of them to buy one used will be almost as much as new and when you're buying a car like that you don't want one that has been beat on by somebody else which unfortunately usually happens
I’m in Chicago and type r’s are being up charged to 50,000
I like the Ford Expedition Eddie Bauer. It’s sleek. It looks good, and it’s comfortable to drive; heated/AC seats, sunroof, super easy to replace lights, and do the minor repairs on your own; everything from quick release gas fill up and go, to Aux/blue tooth, tinted rear windows, to space, to easy cruise settings, the works... Downsides, when I first started w/ Dave it was too much car for me and only realized that after listening to him, it’s a gas guzzler, good thing for the quick/easy fill up lid and go b/c you’re there a lot, and also learned from Dave some cars are expensive to repair if they break, and that’s certainly the case here, sun roof cost me $700 to fix after my assistant broke it, and a few other automated features can go bad if you’re not careful... with automation can come repairs, but it’s not that bad to repair... I ended up keeping it, like the car and could do Dave Ramsey plan in the 2 year time frame...
I used to brag I don’t mind paying a few extra thousand for extra features on a car, then I met Dave and realized I was broke with these thoughts. You want to be a millionaire, you’ve got to think like a millionaire. I should have started out w/ an old beat up car and if the AC didn’t work, roll down the windows... heated seats, give me a break...
Right now used cars are insane. My brother sold his 2019 Charger Scatpack for more than what he paid new SELLING to the dealer, he bought it for 40k and sold it for 41k. Used cars are crazy right now.
Some newer cars are being sold for less than new cars.
Buy that car! That is a quick and reliable vehicle. 306 hp, 0-60 in around 5 seconds and a top speed of around 170 MPH. The only issue with buying one used is that the previous owner probably beat the heck out of it.
Best to invest the $35k towards a rental property, then use the profit from that to save towards a second hand car.
I freaking knew it was a Type R.
The problem with buying a used car like the honda civic type r is that since it's turboed, the person selling it probably ragged it out and abused it. The car is meant to be driven hard. I'd be very weary of buying something used like this.
Nothing holds its value with wheels and motors he does not know about the Ford gt
Or a ford cosworth which are worth 1000x the value they were 30 years ago 🤣
I’d buy a mid 2010’s Accord sport and done.
Buy the 2017 for the price of a new one
Dave doesn’t understand, these cars hold there value pretty good, especially how marked up they are
Yet another person calling in to flex. 100k a year job and 100k in the bank and having to ask to buy a 35k car. If he was good at managing his money, he could save that much next year. Smh.
Not all car all the time lose value. I bout a car, used it for 18 months , and then sold it for more than I paid for it
I have the same problem except with no money saved.
Love people, not things; use things, not people. -Spencer W. Kimball
Admittedly I’m not a car person. Hubby is and would love a nice little Porsche but not ready to take from investments (yet). Dave and Dr D would prob tell him it’s time. I agree caller has done well and should reward himself. I think quote above is good to just keep things in perspective. Enjoy 😉
Ramsey doesn’t know too much about the type R cause those cars retain a lot of value over years!
Yep
Is he supposed to know every car ever made ?
Crystal Studios no, but in previous videos he said he knew a lot about different cars. Also everyone that loves cars, know about the type R
As much I dislike Honda, the civic type r a nice car but fwd cars boring to me so never would want it
I get that it’s so hard for me to make big decisions like this!!!
Some cars hold their value almost too well and are just not worth buying used. This is one of those cars. As is the Subaru WRX or STI. Throw in the “probably been abused” factor and stay far away from the used ones... Not everything has its value fall off a cliff like a BMW.
I feel this pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security.We need to take budgeting seriously. So l really appreciate your transparency and giving people more to think about during these unsettling times.👍
Lusting over a honda lol
It’s a type r. They’re pretty amazing cars.
Wasted money on a Honda mower
Still a Civic I mean if your going to spend 35k there are much better used cars you could buy...but whatever I guess.
drop a vtec in it
Hey Dave, I found a vehicle that doesn't Depreciate right off the lot.
C8 Corvette.
Buy it at 70k , drive it a few months,
Turn around and sell it for 100k .
Bamm.
Finally a vehicle with wheels and motor that doesn't lose money but gains
How bout that
He’s awesome! 👍
I wont spend that much on any vehical because its à depreciating item buy cheaper and save guess what that vehical is worth in 3yrs..4yrs you lose all that savings money
I don’t agree with u have to be a millionaire to buy a brand new car if u have enough invested and saved up and have a decent income u should be able to get it a brand new car yes you are basically burning money but with sport cars people normally buy them to drive them hard and have fun
I mean, Dave basically says this because buying a brand new car is a luxury and not a necessity. I'm guessing he holds the 1M net worth goal post as a guideline for those thinking about burning their money on stuff that depreciates. I'd argue that if you're not debt free, maxing out your 401k / IRA / HSA every year, and have your savings rate at least 30-40% range minimum, then you already can't afford a new car.
I don't know if some of the folks here remember, but that video Dave released like 2015-ish about savings rate is pretty big. The #1 indicator in 2015-ish (74% of the indication) of retiring wealthy = savings rate. To quote Dave "putting money in your freaking retirement account".
Brian May u just said exactly what I was saying but more beautifully 😂😂
Where I live (Indiana), a 2 years old type R is 35K.
I want a R33 GTR and I wish they went down in price. Costing 50K now sold for like 20k in 97'.
Buy a brand new FK8 and keep it forever, so you can enjoy it when you're 55!
Have a second car for commuting, snow and all that other stuff.
A G8 GXP with a manual thats about 10 years old even with 50k miles on them are worth what they were brand new but it is a unicorn.
Dave, not all cars go down in value. I can name 7 off the top of my head that almost never depreciated, and countless that are going up in value with time. First one that comes to mind is the BMW Z8.
Exactly! A Toyota Tacoma is one that holds its value . Dave is wrong.
I feel proud I have a 2014 honda accord. Paid for . Good show.
I own the same. Paid in full no payments and love it.
I have been "Lusting" after a challenger for years lol
I see what he is saying. 2nd hand 2017-2019 are not really any less than brand new. He should check with Doug DeMuro on how to get a bumper to bumper warranty for 5 years thrown in for free and get a new one in this case!
Go get it, you can pay 💲 💵 you only love once. There are other options though, get a used car in great condition.
I would get it for 2/3 the price or less. Buy used until you're a millionaire
@@pkal244 Impossible for the car the caller wants. Might be better to buy new to prevent hidden issues from the previous owner abusing it which is common in this type of car.
@@TheLivedeath fair point. There are several hobbies that are dangerous on the millionaire grind. Being a gearhead is one of them. You can spend so much money trying to tune performance it's silly.
Apex PressureWashing YOLO 🤣🤣🤣🤣🤣🤣🤣
Honda Civic Type R Yesss !! Lol I want the same thing but I am definitely not near his finances
Same. But my rsx type-s will do for now ☺️
Don’t do it.
All cars don't go down in value. Ny dream car is a 1993 Mazda rx7 and its only been going up. Its iconic. Certain cars from movies, races, games, whatever that people love will always PAY up. Especially if its an automakers sports car. Go look up all those 1960s muscle cars.. they are all UP in value. Don't be an idiot and say THEY ALL go down.
lol thats funny I was doing tons of research on the Type R also but I ended up getting the Honda Civic Si. the type R even used sells more than 35k because its highly sought after. most dealerships were charging 50k for those cars because everyone wanted one and they didnt make a lot.
This is a smart guy. He didn't bother arguing with Dave about the Type R value curve. Go find a new one you like and call it a day!
If you're worried, just pay yourself back after over 12 months of rice and beans.
I’ve been looking at that car too! And I will not be buying it because I am broke…
i would buy a house first, but he can obviously afford the car.
Buy the car Dawg!!!
A 1-year-old type r is more expensive then a brand new msrp one.
Several years ago I spent a pretty big chunk on a '60s muscle car. I have no regrets. :)