I Regret Ordering A Tesla!

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  • Опубликовано: 20 фев 2022
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Комментарии • 1 тыс.

  • @treeroofgrass
    @treeroofgrass 2 года назад +442

    Scotty Kilmer: I’ll keep my ‘94 Celica 😂😂

    • @cward1954
      @cward1954 2 года назад +26

      The best way to do it. Buy something affordable and drive it until the wheels fall off.

    • @userasdf1546
      @userasdf1546 2 года назад +43

      REV UP YOUR ENGINE'S!!!

    • @vegasxventures
      @vegasxventures 2 года назад +6

      Well yeah, only good car ever made

    • @jimroscovius
      @jimroscovius 2 года назад +6

      And I'll keep my 2011 Chevy Traverse until I want to buy a good 2-3 year old car.

    • @4862cjc
      @4862cjc 2 года назад +7

      @@userasdf1546 Scotty is the best!

  • @robertwoodpa6463
    @robertwoodpa6463 2 года назад +546

    I own rental houses. I'm a great landlord and my houses are nice, but trust me Dave is right. People are gross. Renters do not care. Just one little example: I had one tenant who cut out the bottom of the doors in the house so his cat could go from room to room without opening the door.

    • @mocheen4837
      @mocheen4837 2 года назад +81

      My grandparents own a dozen apartment buildings in San Francisco. As a teen, I used to help with the building maintenance. People used to pour grease down the pipes, shove toys in the toilet, draw on the walls, smoke in the bathroom. It was horrible and made me not want to own rental properties.

    • @Elizabeth-uj8vn
      @Elizabeth-uj8vn 2 года назад +7

      😱 omggg

    • @lkj0822g
      @lkj0822g 2 года назад +60

      Any landlord who has owned residential rental property for any length of time will have stories such as this, or worse. I've slowly gotten away from residential and transitioned to commercial properties for exactly that reason.

    • @EarlyBirdCraft
      @EarlyBirdCraft 2 года назад +41

      Husband and I own a few rental houses and one of which a renter cut out all the wire to scrap it. Insane

    • @EarlyBirdCraft
      @EarlyBirdCraft 2 года назад +3

      @@lkj0822g exactly. We’re about to do the same

  • @vincestone5465
    @vincestone5465 2 года назад +826

    George: “so you’re getting a 60k car with a 60k salary”
    Caller: ”well when you put it that way, it sounds worse”
    there’s no other way to put it😂

    • @cutehumor
      @cutehumor 2 года назад +8

      Even lameazz George owned the caller

    • @J90JAM
      @J90JAM 2 года назад +32

      People just look at it in terms of monthly payments mostly, which is short-sighted and reckless.

    • @HokageKyubiNaruto
      @HokageKyubiNaruto 2 года назад +3

      @@cutehumor what's wrong with George 😂😂😂

    • @Josephalexk
      @Josephalexk 2 года назад +1

      @@cutehumor your lame

    • @blckbldng
      @blckbldng 2 года назад +6

      I guess he thought "but the numbers match so it should be OK" Bro math for the win

  • @grammarhammer3817
    @grammarhammer3817 2 года назад +50

    Dave shows his passion for helping people. This caller was a soft target to easily beat up & laugh at. But instead, Dave even toned down his co-host to pull the caller aside to mentor him. Good on Dave.

  • @teenyverse7707
    @teenyverse7707 2 года назад +441

    You can literally cancel your Tesla order... up and until your car is ready.

    • @bettysmith4527
      @bettysmith4527 2 года назад +23

      Yea, if that is the situation I don't understand why this is complicated, easy solution!

    • @costco_pizza
      @costco_pizza 2 года назад +42

      Yes but what kind of life is it for him to drive in a used Kia all day? Who will respect him, who will appreciate him? No, he wants a car that tells the world that he is a somebody. That he has made it. I don't blame him at all, and he should really make sure before cancelling his order.

    • @tomcat8662
      @tomcat8662 2 года назад +35

      Buying a Tesla is a terrible idea right now. It’s still early. The technology is steadily improving and batteries will be getting cheaper and cheaper every year. It’s best just to wait a few more years for the technology to mature first and achieve economies of scale. This will allow all the early adopters to pay through the nose and deal with all the headaches of these early models. If they want to throw away their money, let them. But don’t let FOMO take over the rational part of your brain.

    • @uberboiz
      @uberboiz 2 года назад +37

      @@costco_pizza How shallow it is to think someone needs a Tesla (or whatever other fancy cars) for people to respect him/her.

    • @heslind
      @heslind 2 года назад +20

      @@costco_pizza he could do the same with a used Lexus or Acura 🤷‍♂️

  • @tonyisit37
    @tonyisit37 2 года назад +258

    Ordering a Tesla when the KIA SOUL isnt paid off ????

    • @stephensullivan1011
      @stephensullivan1011 2 года назад +1

      Business loan.

    • @truegrizzlesfan2292
      @truegrizzlesfan2292 2 года назад +38

      Definition trying impress his friends or coworkers. I drive 2012 Toyota Camry SE. Car is clean but it's a old model. Love this car. I won't buy another car until Wheels fall off. No note...

    • @rpgvag
      @rpgvag 2 года назад +3

      That's the reality of a lot of people out there. I know a few of them

    • @jml9550
      @jml9550 2 года назад

      @@rpgvag oh yeah, plenty of them out there.

    • @SimonTekConley
      @SimonTekConley 2 года назад +6

      @@truegrizzlesfan2292 old. That's 8 years newer than my newest car. I just can't justify the cost of cars.

  • @daynapeterson9033
    @daynapeterson9033 2 года назад +122

    Buying ANY car right now is a horrible idea as the prices are up exponentially. Craziest story I ever heard was my neighbor just bought a new truck to the tune of 85k and his payments are $1200 a month! Hope the seats recline as he may soon be living in it.

    • @iamme7664
      @iamme7664 2 года назад +5

      Wow! 😱

    • @njpme
      @njpme 2 года назад +3

      🤣🤣🤣🤣🤣

    • @jamron247
      @jamron247 2 года назад +1

      Gaaah dam 😂😂😂

    • @tutttutt9558
      @tutttutt9558 2 года назад +3

      $1,200 car payment. Omg.

    • @meatball4409
      @meatball4409 2 года назад +1

      LOL

  • @dank1518
    @dank1518 2 года назад +174

    Been driving 2004 Chevy 1500 since 2012, it’s cool cause nobody wants to park too closely with their 60K cars.

    • @truegrizzlesfan2292
      @truegrizzlesfan2292 2 года назад +26

      I am with you. I still drive my 2012 Toyota Camry SE. 150k miles. Not looking for a new car at all.

    • @admiralrustyshackleford119
      @admiralrustyshackleford119 2 года назад +11

      Got the same "issue" with my 1997 F350 that I've had since 2003, rust is contagious don't ya know... I've also noticed people don't pull right out in front of me like they do when I'm in my Hyundai Elantra 🤔

    • @noshrinkingviolet007
      @noshrinkingviolet007 2 года назад +5

      LOL - ditto. I was just telling my teen son the same thing the other day that driving an older car is actually a massive deterrent for a lot of things like people not letting you in traffic, auto theft, parkkng, etc because mg car is old, not valuable, and prob not carrying anything valuable. 😂

    • @jasonwill5949
      @jasonwill5949 2 года назад

      If you don’t have a car no one will steal it or damage it

    • @pamwilliams6630
      @pamwilliams6630 2 года назад +8

      My hubby drives a 2008 Honda civic, his brother gave him. It just keeps on going. Our truck is a GMC 1999, we bought used in 2016. Secret to an old car lasting long time is a good mechanic, which we also have.

  • @thetruth5635
    @thetruth5635 2 года назад +167

    60k for a car is ridiculous unless you a millionaire

    • @DMoney505
      @DMoney505 2 года назад +53

      A lot of people are buying 100k dollar trucks and suvs at 45-60k income it’s insane…

    • @MrMustangrick
      @MrMustangrick 2 года назад +1

      Agree.

    • @nerad1994
      @nerad1994 2 года назад +1

      At least a few hundred K

    • @johnc2438
      @johnc2438 2 года назад +13

      There's a lot of "ridiculous" rolling around my neighborhood!

    • @jgallone
      @jgallone 2 года назад +14

      That's why there's so many people taking out 84+ month car loans. I just don't get it.

  • @Anthony-hd3yl
    @Anthony-hd3yl 2 года назад +391

    Sounds like the situation I was about to be in a few weeks ago. I'm 20 years old, no other debt other than my current car and single. I was about to put down 15k on a new Toyota Supra and I make 60k a year with the car being worth the same amount. Walked into the dealership feeling confident and when I heard that monthly payment with the interest on top of my insurance, I remember sweating and began shaking. I walked out and I soon as I left I felt a huge amount of panic leave my system. 😂

    • @MrMustangrick
      @MrMustangrick 2 года назад +26

      Good move.

    • @johnc2438
      @johnc2438 2 года назад +20

      At least you didn't need to change your underwear (did you?). Great decision. Don't make the automarkes rich, make your hard-earned dollars make you rich.

    • @fabbz94
      @fabbz94 2 года назад +20

      Remmeber it's a bmw and youll end up paying for two supras on just the maintenance 🤣 trust me now I'm trying to get rid of it.

    • @user-wq5ws1qs7x
      @user-wq5ws1qs7x 2 года назад +7

      @@fabbz94 SINO. Supra in name only.

    • @nepatriots77
      @nepatriots77 2 года назад +27

      60k is nothing. I remember when my salary was 60k thinking I was loaded. I make over 100k and I would still not considering a 60k car

  • @tomconway6808
    @tomconway6808 2 года назад +50

    Turo is not passive income. You have to clean/prepare/maintain the car for the next renter...assuming the car rents out at all.

    • @mikehurt3290
      @mikehurt3290 2 года назад +1

      I use to be an insurance agent and there's a good chance your insurance won't cover it either especially if you never told them about the business use

  • @Ghost-jy9hk
    @Ghost-jy9hk 2 года назад +172

    Hey. Should I buy something super expensive and let other people destroy the value of it??

    • @wreckingopossum
      @wreckingopossum 2 года назад +1

      Yes, but please be more stupid than this guy. You need a depreciating liability that is at least double your pre-tax annual income.
      This comment is definitely not dripping in sarcasm

    • @EllieTheTrucker
      @EllieTheTrucker 2 года назад

      That’s what I thought too

    • @evoman44
      @evoman44 6 месяцев назад

      No self respecting car enthusiast would rent out their baby. Especially one that they have put a lot of custom work into it.

  • @DavidHernandez-ch5fz
    @DavidHernandez-ch5fz 2 года назад +64

    In the past I’ve seen how Dave talks down on people and makes fun of them but recently I’ve seen Dave be more compassionate and caring for the callers. Great approach! Loving and caring

    • @leemp337
      @leemp337 2 года назад +9

      ya that got old. he had to change to attract more fans.
      The newer generations aren't going to be talked to that way.
      the financially clueless boomers and some gen x wanted that tough love and he maxed out on that fan base.

    • @PN-ve9lf
      @PN-ve9lf 2 года назад

      Banks don't give a sh$. They make sure you have a comprehensive insurance & their money is insured.

    • @tacooflove6175
      @tacooflove6175 2 года назад +2

      I blame him becoming a grandpa and Deloney for softening up the Dave bear

    • @jesse_-
      @jesse_- 2 года назад +2

      Younger generations are uber sensitive, and they do not like people being blunt. They like being coddled.

    • @DavidHernandez-ch5fz
      @DavidHernandez-ch5fz 2 года назад +2

      @@jesse_- that's right, your generation raised us 😚

  • @jmr9735
    @jmr9735 2 года назад +233

    $900/MONTH? Ugh. Just hearing that would've made me run in the opposite direction. I just don't understand people owning/buying expensive cars like they're worth something. All it takes is a split moment of someone not paying attention, and that vehicle is gone. Yes, they would get insurance money (most likely), but it wouldn't be near the amount paid for the car. It's just nuts to me.

    • @costco_pizza
      @costco_pizza 2 года назад +7

      Yes but is it any kind of life to be driving in a used Kia all day? There has to be some kind of solution where he drives a proper car and gets the respect of his peers but also is able to save up money.

    • @DH-lm6kh
      @DH-lm6kh 2 года назад +53

      @@costco_pizza if your peers care about what car you drive, find better peers...

    • @spicerc1244
      @spicerc1244 2 года назад +5

      When he said that, I thought his income would be six figures not $60k lol

    • @oneeyedman99
      @oneeyedman99 2 года назад +6

      @@costco_pizza Well yes, actually, you can have quite a nice life at 23 driving a respectable-but-not-flashy car and saving your money.

    • @usernameluis305
      @usernameluis305 2 года назад +7

      @@costco_pizza "is it any kind of life to be driving in a used kia all day?" Worlds smallest violin

  • @murtasma
    @murtasma 2 года назад +53

    We have a major problem if banks are approving loans for someone that's still young with an already current car loan for 60k. Pure insanity by both parties.

    • @33ladyRAM
      @33ladyRAM 2 года назад +1

      Banks don't care..never have and never will. It's our responsibility to check ourselves.

    • @barbieblue3336
      @barbieblue3336 2 года назад +2

      @@33ladyRAM I remember when Oprah said that. I was like, everyone needs to hear this

  • @Divested_Jedi
    @Divested_Jedi 2 года назад +318

    Dave’s body language and facial expressions have me laughing soooo hard. Dave even closed his eyes, like “oh my God” at one point 🤣

    • @genxx2724
      @genxx2724 2 года назад +10

      Dave holding his body motionless said it all.

    • @therealmac1044
      @therealmac1044 2 года назад

      😂

    • @watchcynthiag391
      @watchcynthiag391 2 года назад

      @Divested Ninja Great seeing you here sis♥️

  • @acy1579
    @acy1579 2 года назад +22

    Glad Dave used this as a teaching moment for this young man rather than insulting him for a lack of wisdom.

  • @gardenofe12
    @gardenofe12 2 года назад +63

    This is a typical person who bought a car to impress people he doesn’t know or care and he wanted a Tesla because everyone else has one and he has FOMO!!
    Exactly right what he said he makes $60k and bought a $60k car 🚗 seriously !!
    Can you say duh 🙄!!!

  • @aajordan2000
    @aajordan2000 2 года назад +76

    No car makes you happy after your 1st payment. A car only make you happy if it is paid off and you have put 200k on it with no repairs.

    • @motoryzen
      @motoryzen 2 года назад +3

      *coughs ( looks at his honda civic si 2005 ) .....grins happily

    • @TheVoidstonz
      @TheVoidstonz 2 года назад +4

      I have a 2004 Nissan and I havent been without if for more than two days at a time when it went in for routine maintenance. No big problems and almost at 300k and going strong .

    • @claudiacanales2662
      @claudiacanales2662 2 года назад +3

      2004 Accord for me! Love my car!

    • @dabiz4272
      @dabiz4272 2 года назад +1

      Preach on it!!

    • @jonjeskie5234
      @jonjeskie5234 2 года назад

      @@TheVoidstonz ur lucky, Nissan doesn't have the greatest reliability raiting.

  • @omgmrtea
    @omgmrtea 2 года назад +53

    Amazing car, but too early for this guy. Any car worth a yearly salary is way too much

    • @basstheangelo
      @basstheangelo 2 года назад

      Car to salary ratio should be at 10%.
      If a person earns 300K/year then he can have a 30K car. That’s the rule.

  • @schuylergeery-zink1923
    @schuylergeery-zink1923 2 года назад +24

    I bought a hail damaged lightly used (less than 20k miles) 2013 Tesla Model S a couple years back for $30k. I know it’s not as “fun” as ordering a new one but there are ways to find sweet deals on cool cars! You can drive a car you love for a discount!

    • @AZ_TONY
      @AZ_TONY 2 года назад +2

      I hope you're making well over 100k, only scenario where a 30k car is justified....

  • @PowerfulMoneyHabits
    @PowerfulMoneyHabits 2 года назад +25

    Do you want to look wealthy or be wealthy? I ask myself that question before I buy!

    • @genxx2724
      @genxx2724 2 года назад +1

      💯 Look rich or be wealthy.

  • @davetinoco
    @davetinoco 2 года назад +33

    I don’t know why so many people want Teslas. All my friends have one, swimming in debt, but me, I have a Prius, I bought it used and it is fully paid off...I love it and love not having that car payment/insurance combo every month!

    • @Kevin-cf8uu
      @Kevin-cf8uu 2 года назад +7

      I have two Teslas and no car payment. You don't have to go into debt to get a car if you save up for it and are responsible.

    • @casinosnoopy9900
      @casinosnoopy9900 2 года назад

      They THINK a Tesla is a status symbol, and it is, it confirms their status as idiots.

    • @Prof_Cos
      @Prof_Cos 2 года назад +3

      I own a Prius too! My logic for vehicles is if I can't pay cash for it, I don't need it...

    • @user-tb7rn1il3q
      @user-tb7rn1il3q 2 года назад +3

      With the Prius you can also take a vaca. You can not drive down to Florida in a Tesla unless you have hours of free time for charging.

    • @waynegoin5534
      @waynegoin5534 11 месяцев назад

      I don't know why people buy electric cars they do not help the environment one bit. ummm where do you think the energy comes from to charge the batteries hummmmm uhh its called COAL PLANTS DUHHH, your just exchanging burning 1 type of fossil fuel for another (BTW there is nothing wrong with burning fossil fuels it is a natural product and DOES NOT CAUSE GLOBAL WARMING (MAN MADE GLOBAL WARMING IS A HUGE HOAX) another one when the batteries are dead you have to dispose of them that is more toxic than just using gas motors, the batterie plants are notorious for pollution. the electric car business is a huge hoax and purely political.

  • @walkercig
    @walkercig 2 года назад +24

    The SMART system George uses:
    Self-awareness
    Motivation
    Affordability (in cash)
    Research
    Timing (right time to buy?)

  • @FlyinMumbat
    @FlyinMumbat 2 года назад +176

    It never fails, Dave always brings up the millionaire survey.

    • @johnc2438
      @johnc2438 2 года назад +26

      Hard to argue against that research and the results.

    • @RomilCPatel
      @RomilCPatel 2 года назад +32

      @@johnc2438
      The issue with the millionaire survey is that all the people in the study were Dave Ramsey listeners so naturally they will bias towards what Dave teaches. I agree with Dave’s conclusion but a less bias survey would be a lot better.

    • @michaelfleming40
      @michaelfleming40 2 года назад +5

      I am glad he does. Being broke SUCKS.

    • @MBryantFFNY
      @MBryantFFNY 2 года назад +4

      @@RomilCPatel I agree. A lot of people borrow money to become rich. I can’t imagine finding hundreds or thousands of rich people *in one survey* who borrowed no money at all to build wealth. The ones who did borrow money must have been disregarded when the results of this "survey" was finalized and published.

    • @jayc4715
      @jayc4715 2 года назад +3

      His survey is made up

  • @mrs.atkins3930
    @mrs.atkins3930 2 года назад +5

    As a renter, I always felt that, it's not my house, but it's my home. I still took pride in the upkeep and maintenance of the property and neighborhood as if I were a home owner. 🏡

  • @noshrinkingviolet007
    @noshrinkingviolet007 2 года назад +194

    The Tesla concept is cool and I'm a fan of Elon, but never in a million years would I buy one or pay that much for a car. I was shocked to find out recently that you can only have them repaired by Tesla and the batteries are SUPER expensive. No thank you.

    • @bobberry1463
      @bobberry1463 2 года назад +14

      You can get it repair somewhere else just void the warranty. For the battery it better to get it repair by telsa. It not just a car it a computer with a car. Allot of modern car shops can't work on it and when they say they do they damage or destory the battery. Any place that repair cars would make you sign a wavior of any damage they do to it because they don't know what they doing.

    • @MrMustangrick
      @MrMustangrick 2 года назад +9

      Tesl a make no sense here. Not a fan.

    • @bradleymaravalli2851
      @bradleymaravalli2851 2 года назад +1

      @@bobberry1463 are all these electric cars going to be the end of the small shop mechanic?

    • @front331
      @front331 2 года назад +9

      Dave is so right when he says "at 35, pan way back to 12 years or so ago, and see if you've made a good decision or not." I'm 34, and fit this perfectly. Don't do it, you will regret it at 35...

    • @Scorched
      @Scorched 2 года назад

      Warranty…

  • @nanos2k7tc
    @nanos2k7tc 2 года назад +4

    Dave: "People are gross. Just filty animals!" 🤣🤣🤣 Exactly!

  • @genxx2724
    @genxx2724 2 года назад +18

    What if someone who rents the car has a collision and paralyzes someone? How are you going to pay lawyers to defend that lawsuit, Jaylin? Would you like to be responsible for the cost of the person’s care in a facility for the rest of their lives, and the dollar value of the quality of life that was taken from them? The insurance a 23 year old buys and the minimum legal insurance the rental program buys will not begin to cover it.

    • @thedude5040
      @thedude5040 2 года назад +1

      @@BK-tp6jf thats not true in the states. I think Kansas only has a 100k minimum. I just bumped my insurance upto $500k after going through Dave's class on proper amount of insurance.

  • @michaelb.8953
    @michaelb.8953 2 года назад +50

    Just recently a politician's advice to people complaining about high gas prices, "go buy an electric car". This is no joke, and politician's think we are the stupid ones.

    • @schuylergeery-zink1923
      @schuylergeery-zink1923 2 года назад +2

      Gross. I have an EV and my husband has a gas car that can go off-roading. I like to feel diversified in case of environmental factors or if the politicians f around with us. Gas or electric grid.

    • @blessed7fold
      @blessed7fold 2 года назад

      Well that's exactly why they are cutting off the oil supply in this country, they want us to go all electric.

    • @Chromegrillz
      @Chromegrillz 2 года назад +1

      @@blessed7fold Not gonna happen. Electric cars is expensive and average consumers can’t afford it.

    • @blessed7fold
      @blessed7fold 2 года назад +1

      @@Chromegrillz Uncle Joe doesn't care about that.

  • @zaynab2085
    @zaynab2085 2 года назад +50

    I agree with Dave’s advice based on this callers situation. Tesla’s are great vehicles for those who can afford it. Be patient! Live within your means, grow your income and eventually you will make all your dreams come true.

    • @egs2169
      @egs2169 2 года назад

      @@FURDOG1961 not true. They are amazing cars.

    • @MadmaxMusic93
      @MadmaxMusic93 2 года назад

      Nope you should definitely buy one now demand is jumping so high right now between over a year an price increases!!

  • @RyanBrosnahan
    @RyanBrosnahan 2 года назад +50

    I bought one in 2018. 80k miles so far. No maintenance other than cabin filters and tires. Tons of fun but only if you can afford it.

    • @cutehumor
      @cutehumor 2 года назад +3

      No way. Poor people like to drive in style

    • @ahastar1141
      @ahastar1141 2 года назад +1

      I am shocked you haven't needed brakes yet. I have heard brakes and tires are the main tesla wear items

    • @gipnor
      @gipnor 2 года назад +5

      @@ahastar1141 Tires, yes. Brakes - probably never. Insurance is also quite high, unless you live in one of a few states that offer Tesla insurance. Cost of ownership over the life of the car is appealing, but passenger safety may be the most desirable feature of Tesla vehicles.

    • @wethepeople2749
      @wethepeople2749 2 года назад +2

      how much are the repairs when the batteries stop working?

    • @tHebUm18
      @tHebUm18 2 года назад +1

      @@ahastar1141 Regen braking with the motors means you almost never need to actually use the normal brakes for normal driving conditions.

  • @XXBlakeTurnerXX
    @XXBlakeTurnerXX 2 года назад +13

    Based on this conversation, he already bought the car and now trying to look for a answer for his bad decision.

  • @gazyasaslam7045
    @gazyasaslam7045 2 года назад +9

    What if he loses his $60k salary job? No guarantee to the future of his job except he still has monthly car payments.

  • @thomask8298
    @thomask8298 2 года назад +42

    George actually did alright on this one 👏

    • @thomask8298
      @thomask8298 2 года назад +2

      Is this george?

    • @RomilCPatel
      @RomilCPatel 2 года назад

      @@thomask8298
      Yep

    • @mensb1936
      @mensb1936 2 года назад +2

      i always expect him to say something slightly off, but he is so good and consistent like dave

  • @bt6850
    @bt6850 2 года назад +3

    I ran a rental car branch for many years in Australia for a major American company, really really don’t do it with your own car as it will break your heart, the guys are right yet again 👍

  • @astrea79
    @astrea79 2 года назад +5

    "What would old rich people do?" is a very good frame of reference.

  • @dog_city
    @dog_city 2 года назад +7

    The moment I heard $900 car note I screamed oh my god

    • @warriormanmaxx8991
      @warriormanmaxx8991 2 года назад

      @Eric Willett - re: "oh my god" = Do you use that over-used phrase to express surprise much in daily life, too?? Are you talking to God when you use that trite phrase? I wonder if Muslims say, "Ohhh My Allah!!"

  • @aaronsteensma4555
    @aaronsteensma4555 6 месяцев назад

    Always sound advice! Thanks Ramsey Solutions!!!

  • @phyllo2694
    @phyllo2694 2 года назад +9

    The note for the loan is bad enough but wouldn’t he also have a monthly rental fee for programs?

  • @Oetti
    @Oetti 2 года назад +7

    And it hasn’t even caught on fire yet!

    • @Scorched
      @Scorched 2 года назад

      Electric vehicle manufacturers solved thermal runaway issues years ago. Gasoline cars were always are more likely to catch on fire.

  • @clayermel
    @clayermel 2 года назад +11

    I host 10 cars on Turo and Hyrecar. Definitely some bad parts to it and some BAD renters, but overall it's been great! However, buying a brand new electric car is the worst way to go. I buy older cars all cash, and that business model works! Hopefully this comment helps someone looking who is trying to do car rentals. :)

    • @jonjeskie5234
      @jonjeskie5234 2 года назад

      What's your particular issue with brand new electric?

    • @clayermel
      @clayermel 2 года назад

      @@jonjeskie5234 Your profit margin isn't very good, car depreciation is a lot higher, chance of recalls are high, and most cities really aren't set up for a lot of electric cars on the road. You're also going to spend a lot of time teaching most renters how to use electric cars.

    • @jonjeskie5234
      @jonjeskie5234 2 года назад

      @@clayermel I can see the depreciation problem and maybe recalls, but model 3s seem to list for 200+ a day in any major city, profit margin seems fine. So would you do one thats a couple years old?

    • @clayermel
      @clayermel 2 года назад

      @@jonjeskie5234 Currently I wouldn't do any EV. Maybe a hybrid. I tried an older EV in my city and it was such a headache most rentals. Listed it for sale after someone ran it out of power on the highway.

  • @siliconview
    @siliconview 2 года назад

    You nailed it! Loved your justification 👌

  • @hengloose
    @hengloose 2 года назад +6

    If you cant afford it you can cancel the order and lose $250. There are thousands of people who will gladly take your VIN when it's ready for delivery lol

  • @jdtreharne
    @jdtreharne 2 года назад +30

    I almost convinced myself at one point that I could afford a Tesla if I rented it out on Turo. Man, I'm glad I didn't to that...

    • @MyLifeThai371
      @MyLifeThai371 2 года назад +1

      "Watch JR Go" youtube channel bought a bunch of cars to rent out on Turo and he is barely making any money. :(

  • @mariposavioleta9007
    @mariposavioleta9007 2 года назад +24

    I 100% agree with Dave people (not all) are gross filthy animals and don't take care of things especially things that are not theirs! As someone who lives with roommates I can tell you that I've seen that side of people and how disgustingly dirty they are and don't own up to their mistakes when they break things and leave a disastrous mess behind.

    • @rudychavez7934
      @rudychavez7934 2 года назад

      You need to start saving for your future
      At your age who knows of social security will even be around

    • @kidred07
      @kidred07 Год назад

      😅

  • @vivianlandrum8507
    @vivianlandrum8507 2 года назад

    Good insight Ramsey show.

  • @xtratexasplease9734
    @xtratexasplease9734 2 года назад +21

    “DOING BETTER THAN I DESERVE!”

  • @todd2456
    @todd2456 2 года назад +37

    At $900/month, he was going to take a 72 month loan. And he has NO IDEA how expensive the insurance is on it.

    • @DioDiablo702
      @DioDiablo702 2 года назад +4

      The registration will be sky high too

    • @MrNGTfan123
      @MrNGTfan123 2 года назад +7

      There is a good argument to be had about buying an EV if you drive a lot. Before you comment something stupid read my whole comment. If you drive a lot for work like me. I spend at least $400 a month on gas usually more like $500 now plus your car payment mine is $250. That’s already $750 plus insurance and repairs call it another $200 per month. Thats $950…………………
      Teslas have minimal to no maintenance due to the fact they don’t have engines they have electric motors far less complex and less moving parts, far less liquids, no trans fluid, no oil etc.
      with all that said if you drive a lot a Tesla is not a bad option given the TRUE cost of ownership not just sticker price. I’m still an advocate of paying cash though.

    • @todd2456
      @todd2456 2 года назад +3

      @@MrNGTfan123 Good thing electricity is free and the insurance on a Tesla is cheaper. Numbskull.

    • @truckingmoney485
      @truckingmoney485 2 года назад +2

      The only thing that ever goes wrong on my gas powered vehicles is the computer , but you say buy a all electric car no thanks.

    • @MrNGTfan123
      @MrNGTfan123 2 года назад

      @@todd2456 😂 good luck to you

  • @erm386
    @erm386 2 года назад +26

    Jaguar is the worst car someone can buy! Good to know Dave made mistakes too :)

    • @criticalthinker8374
      @criticalthinker8374 2 года назад +2

      Mistakes are OK if you learn from them and tragic if you don't.

  • @jumpingjake123
    @jumpingjake123 Год назад

    I've watched a lot of Dave Ramsey episodes and George is the only one that has the balls to say it how it is (besides Dave of course). Go George!

  • @mtran9184
    @mtran9184 5 месяцев назад +1

    I don’t want to spend hard earned money on any car, but I had to buy a used car for transportation. bought it for $9k about 10 years ago, trying to keep it for another 10 years before wanting to replace it.

  • @londrahunter8554
    @londrahunter8554 2 года назад +10

    If he just can’t fight the urge, rent one for a day or two and give it back to rental company

    • @PatsGators497
      @PatsGators497 2 года назад +1

      He’s 23 so he’s not even old enough to rent a car himself yet

  • @jcstuart6978
    @jcstuart6978 2 года назад +3

    Smart kid for calling Dave.

  • @JohnJohn-wr1jo
    @JohnJohn-wr1jo Год назад

    This scenario reminds me of Southern Florida. Double wide trailer at least 40 years old with a late model 100K diesel pickup and a 400k boat on a trailer in the driveway

  • @blackonblack...9244
    @blackonblack...9244 2 года назад +2

    Dave is right. I bought my 2011 Sonata in Chicago back in 2015 thinking I could do the Uber thing. And I learned really quick after only a few months people just do not reapect you, your car or your business. It's just not worth it. There are good people, but there were overwhelming majority of people that just don't care. BTW, I'm 36 now.

    • @mirix1515
      @mirix1515 2 года назад +1

      I do Uber part-time using my car. I can pay the car payments, the gas and few bills.
      Not a bad idea to earn some extra bucks.
      But I never would have given my car to someone else.

    • @blackonblack...9244
      @blackonblack...9244 2 года назад +2

      @@mirix1515 It's not really about making the payments. I just had customers that were disrespectful and very childish.

  • @elainepatterson5587
    @elainepatterson5587 2 года назад +18

    The facial expressions are priceless!! 🤣🤣

    • @user-qo8mz3lv6i
      @user-qo8mz3lv6i 2 года назад

      Thanks for watching.
      📩Send a direct msg right away
      WhatsApp±¹⁷⁵⁷⁶⁰⁸⁶⁶²⁷

  • @alexandersurratt9260
    @alexandersurratt9260 2 года назад +4

    Or you can even start off with the Kia on a renting platform especially since you are still paying on it.

  • @Rambleon444
    @Rambleon444 6 месяцев назад +1

    Keep in mind...
    If you make $60,000 a year living in Atlanta Georgia (caller is from), you will be taxed $13,525. That means that your net pay will be $46,475 per year,

  • @pamhop5831
    @pamhop5831 2 года назад

    So happy he called and in!!! Good Lord! Pump the Breaks! 🙏🏿💙😎💪🏾

  • @dt6750
    @dt6750 2 года назад +14

    that 60k is a good chunk for a mortgage down payment.

    • @xxxBradTxxx
      @xxxBradTxxx 2 года назад +1

      Almost double what I put down on my house

  • @FR-tb7xh
    @FR-tb7xh 2 года назад +4

    I’m always amazed by the number of high end new cars in rental property parking lots and in front of decrepit properties. If that image doesn’t say a thousands words, I don’t know what does.

    • @barbieblue3336
      @barbieblue3336 2 года назад +1

      I was thinking this the other day lol but not lol

  • @mikehurt3290
    @mikehurt3290 2 года назад +2

    One thing they don't tell you about Turo and even Uber depending on your insurance company you won't be covered especially if you never told them about the business use

  • @HipHopLuv123
    @HipHopLuv123 2 года назад +2

    Buying any car right now is a bad idea!
    Especially with a recession on the horizon

  • @stephenlozano2816
    @stephenlozano2816 2 года назад +3

    I would NEVER rent out one of my personal vehicles using Turo. People are crazy

  • @damonleeb
    @damonleeb 2 года назад +8

    Every single person in debt should be driving old Toyota’s

    • @schuylergeery-zink1923
      @schuylergeery-zink1923 2 года назад +1

      Toyota’s and Honda’s - they go and go and go

    • @jeffersonia
      @jeffersonia 2 года назад +1

      Sold my 19 Chrysler Pacifica for 29k and bought an 09 Toyota sienna CASH

    • @criticalthinker8374
      @criticalthinker8374 2 года назад

      I drove Toyota's for years and it was fine. Now I drive Benzes because I'm gonna die before I spend all my money.

    • @BA-rt9dp
      @BA-rt9dp 2 года назад

      Or take the city taxi, otherwise known as public transportation.

  • @user-rw8zj1td9v
    @user-rw8zj1td9v 2 года назад +2

    If you're renting your vehicle on Turo would your regular insurance cover an accident? Prob not.

  • @eplugplay8409
    @eplugplay8409 2 года назад

    We ordered a Tesla model y in august 2021 and still waiting! But paid cash for it!

  • @andrerodriguez7603
    @andrerodriguez7603 2 года назад +3

    If he would invest the down payment of 25K for that Model Y in Tesla stock in Summer of 2021 (650 per share). By the Summer 2023, he’d have enough to almost pay the Model Y in cash. The hard thing is, he won’t want to part with his shares in 2023. With all the giga factories being at full production in 2023, and Tesla stock going to the moon. He won’t sell any shares of Tesla to buy his Model Y.

  • @naboob
    @naboob 2 года назад +4

    Bro just eat the loss and sell the car back to telsa.

  • @LFOD1776
    @LFOD1776 5 месяцев назад

    2014 ford focus. Love it.

  • @CHRISLIVESTREAM
    @CHRISLIVESTREAM 2 года назад +2

    This brings up a good point ☝️. If we know 35% if your income is the max for a house payment. What is it for a car??? 🚗

  • @k.d.k1250
    @k.d.k1250 2 года назад +27

    Don’t do it! Paying off that much debt will be very painful!!!!

  • @amusicthang
    @amusicthang 2 года назад +5

    😂😂 best thing I did was get a Tesla model y :)

  • @americanpatriot4080
    @americanpatriot4080 2 года назад +2

    Also with an expensive vehicle your car insurance will be more plus a $900 car payment. Not practical for most Americans.

  • @virtualtreadmillwalknature1488
    @virtualtreadmillwalknature1488 2 года назад +1

    Not just talk, really good information for becoming financially independent.

  • @Danzilly
    @Danzilly 2 года назад +13

    That's one expensive battery!

  • @wyattpotter2103
    @wyattpotter2103 2 года назад +16

    I ordered a Tesla as well. I should be getting it next month. I'm also taking a loan on it. My gas spend is anywhere from $500-750 a month though. And I plan on paying it off in less than a year.

    • @markg999
      @markg999 2 года назад +3

      Have you looked into insurance rates? Heard much more expensive with a Tesla.

    • @wyattpotter2103
      @wyattpotter2103 2 года назад +4

      @@markg999 Yeah I have it will be $232 a month. My current insurance is like $165 a month with full coverage on my summer car and storage on the other one.

    • @cybertrk
      @cybertrk 2 года назад +4

      @@wyattpotter2103 mines $110 with Ameriprise through Costco!! Check it out

    • @wyattpotter2103
      @wyattpotter2103 2 года назад

      @@cybertrk For a Tesla? Full coverage? I'm still under my parents insurance. If I got off there insurance it would cost me a lot more.

    • @schuylergeery-zink1923
      @schuylergeery-zink1923 2 года назад +1

      My insurance started off rather high but bc of our safe driver program my rate was cut almost $100 total (two times they lowered it). So now I pay closer to what I was paying before on my Honda.

  • @YasinNabi
    @YasinNabi 2 года назад

    YES ! wonderful video, enjoyed watching :)^^^^

  • @utube65211
    @utube65211 2 года назад +1

    PEOPLE…your personal auto policy WILL NOT cover renting out your personal auto. You need a commercial policy!!!!!

  • @anthonyemmm
    @anthonyemmm 2 года назад +37

    Wait until you need a major repair on that tezzlah. It’s going to run in the thousands.

    • @schuylergeery-zink1923
      @schuylergeery-zink1923 2 года назад +1

      I have a 2013 Model S. I haven’t had any major issues. I got it when it had less than 20k miles in 2020. Very lightly used. That said, when they get to have a lot of miles on them… we just don’t know yet 🤷🏼‍♀️ Which ones will hold up? Mines in really good shape rn so I’m hopeful.
      The only thing I had was the little battery replaced (like the batteries in gas cars) which was a few hundred dollars. And there was a recall which can fix a slight screen glitch for free. The only annoyance is I’m getting the network upgraded bc mines older and is 3G and AT&T is demanding everything go to 5G bleh. That’s $200 this month. Kinda average car expenses. Tires rotated. Etc.

    • @lesterparker1594
      @lesterparker1594 2 года назад +4

      @@schuylergeery-zink1923 when the battery goes out, and it will go out, probably around year 10, your only option is to put another battery in for $22k. And at that point it will be worth basically $0 with a bad battery.

    • @badjohn7048
      @badjohn7048 2 года назад +1

      @@lesterparker1594 How or when does the battery "go out"? . Does it just stop charging one day?
      While its true that these batteries degrade over time, it is also true that they degrade slowly and gradually, reducing the maximum range gradually, and charging at a slightly slower rate. It is very likely that a 10 year old Tesla will still have at least 80% of its original battery capacity remaining.

    • @lesterparker1594
      @lesterparker1594 2 года назад +1

      @@badjohn7048 just search for it in RUclips. Tyler Hoover had one less than 10 years old and the battery wouldn’t hold more than 24 miles of power. There’s a huge RUclips channel call rich rebuilds where the guy started his channel replacing no good batteries on teslas. I think the batteries degrade to a point and then they just won’t hold a charge anymore. You’re not going to drive a Tesla 20 years without a battery replacement

    • @lesterparker1594
      @lesterparker1594 2 года назад

      @@unknownuknown436 the difference is that if an engine goes at 1k miles it’s under warranty and you get a free engine. And at the worst if it goes at say 100k miles, a new ICE engine is $5k or so. When the Tesla battery dies, probably somewhere around 150k miles on average, it’s way out of warranty and the new battery isn’t $5k, it’s $22k.

  • @HeRacesTheSun
    @HeRacesTheSun 2 года назад +3

    Dave wisely talked to old rich people who made & kept their money, I did the same thing many years ago and I then became financially independent. VERY IMPORTANT; Read the book... "The Millionaire Next Door" !! It's all in there.

  • @leadnsteel1428
    @leadnsteel1428 2 года назад

    I still always think of the guitar riff instead of the piano lol

  • @brianchisnell1548
    @brianchisnell1548 2 года назад

    I have a '64 VW Bug. Now that is a great car for these crazy times.

  • @natalee3230
    @natalee3230 2 года назад +15

    I will never get why these people take up loans they can't afford 😒

    • @willpower3317
      @willpower3317 2 года назад

      Because the acceleration in a tesla is unreal lol

  • @mrsmith1339
    @mrsmith1339 2 года назад +2

    New cars and especially Teslas are in short supply. Sell it before you pay for it. You can sell your place in line. Do not take dekivery.

  • @EverElia
    @EverElia 6 месяцев назад

    George was so funny on this call 😂

  • @nixieandyakyak3837
    @nixieandyakyak3837 2 года назад +1

    I’ve heard numerous horror stories of people renting Teslas on Turo and beating the heck out of them. Also the renters will always supercharge at a high rate and to 100%. Very bad for the batteries.

    • @wakinglife7065
      @wakinglife7065 8 месяцев назад

      I just saw one Tesla and it’s side mirrors were snapped off, teh alloys were bent, someone purposely cracked the vanity mirror - none of this was covered in warranty but just vicious. I’m sure a lot of people can’t drive that use turo.

  • @triad6425
    @triad6425 2 года назад +32

    Tesla is GREAT toy. If you ever try to justify is as anything else you will be disappointed. I love the company and own stock but I'm not buying one for a decade at least

    • @Ewalk.213
      @Ewalk.213 2 года назад +1

      Been on the road for 14 years now. Track record says the first models are still on the road. I don't think you need to wait a decade...... unless you're speaking on something other than the lifeline of a Tesla

    • @mocheen4837
      @mocheen4837 2 года назад +4

      I have a Tesla and I also own the stock. I was spending over $350 per month on gas driving my SUV around. Switching to the Tesla saved me a lot of money over the past four years. Especially with gas at $5.50 per gallon.

  • @kingshomes8546
    @kingshomes8546 2 года назад +2

    $60K tesler with plan to turned it into pufff😂

  • @CMDAVISs
    @CMDAVISs 2 года назад

    DAVE me and my wife own two rent trailers mobile homes paid for , should i keep them when they only bring in about 16000 a year ? Or should i get out of them with how much people break things . Or should i raise the rent over all?

  • @RobFromRI
    @RobFromRI 2 года назад

    George is really good at this.

  • @erikmartin3786
    @erikmartin3786 2 года назад +3

    I never bought a Tesla. I did, however, buy into TSLA (the stock) way back pre-Kathy Woods. Right now I'm looking ant a return of 1930%. Way WAY better than buying a stupid car.

    • @badjohn7048
      @badjohn7048 2 года назад

      How do you get around without a car?

    • @erikmartin3786
      @erikmartin3786 2 года назад

      @@badjohn7048 Very easy!

  • @josephus1983
    @josephus1983 2 года назад +6

    I see so many talking about the cost of the car. Don’t forget, there is a lot less maintenance. No gas. Highest safety rating ever. The list goes on. It’s not just a “cool” car. It gives you value as well. In the end it comes down to peoples decision. Where they want to put their money.

  • @Tamar-sz8ox
    @Tamar-sz8ox 2 года назад

    Good conversation

  • @deantwaunbalton1177
    @deantwaunbalton1177 2 года назад

    Renting on Turo is a bad idea unless you have a fleet of cars for the business. It is a huge hassle to manage

  • @genxx2724
    @genxx2724 2 года назад +11

    Jaylin was fortunate to be able to come to Ramsey and have access to comments from actual adults before he proudly dropped a nuclear bomb on himself. 😆

  • @guilehua9675
    @guilehua9675 2 года назад +5

    1:14 of course they find y’all afterwards. If viewers found you guys beforehand, they wouldn’t be in such a mess. Additionally, there would be no need to call.

  • @mikehurt3290
    @mikehurt3290 2 года назад +1

    Insurance on a Teslas are super high and I extremely doubt any insurance company be willing to cover you if you tell them you going to be renting it out to random people

  • @mikepaulino5044
    @mikepaulino5044 2 года назад

    Tax question, If my tax liability is only $3200. Am I really leaving 4300. on the table? If so, is there a work around or do I wait until next year . I heard the tax law changes to point of sale.