I love my Honda also. However, I have a love/hate relationship with my experience. Because of ignorance and desperation I paid close to 30k...for a CRV base model. 🤦🏽♀️ My butthead decision (and the fact that Honda wouldn't take the car back, LOL) is why I now follow Dave Ramsey's baby steps.
Eh, $40K on a minivan is a middle rate. Buying it new, he should be able to keep it for 15 - 20 years (assuming he isn't driving cross-country all the time.) It's not a bad purchase with his salary (under than going the leasing route.)
It's not that the price of the car is too out of their budget, it's the fleece that made it a bad deal. Getting an older reliable van for a few years while they pay down the rest of their debt will hopefully pay off in the long run once they get on a budget!
I agree with you. Couple things, and depends on the lease. You pay the monthly lease payment and gas and nothing else(except the tags, which is weird because you don't own the vehicle). Oil changes and any repairs are done by the dealer with zero out of pocket on your part. And you get to drive a new car every 2-3 years. But I'm still with you, why not just own the vehicle, get to the point where you can pay cash for a newer car...
@@insideoutsideupsidedown2218 I guess if you wanna keep driving a new vehicle it makes some "sense" I just think having an extra payment every month is more of a hassle
@@insideoutsideupsidedown2218 I wish they would cover oil change and maintenance. I just took a GMC lease in for an oil change recently and had to pay for it.
Whole time you could've just bought a cash car n save your bread...I don't know why we rationalize having a car payment is better than a car repair..most repairs don't cost half of what these financed cars cost.
I have a friend who has to make at most $20/hr and she leased her 2018 wrangler at the time for $600/mo + another $300something for car insurance. I definitely pushed boundaries by telling her that was a VERY stupid purchase, which she didn't appreciate. Now that it's hitting on three years soon I hope she just buys a used car!
If he had read his lease documents and done his due diligence beforehand he would already know the options. The instant gratification,FOMO,YOLO,etc. was strong with this one.
I will never ever lease another vehicle again as long as I have breath in my body. My parents taught me how to lease when my first vehicle was financed at 17 years old. I had about $1500 saved up (while making minimum wage in 2005) and looking back on it I should’ve convinced my parents to match my savings and pay for a decent car with cash.
I don't get what Anthony brings to the table. All he does is agree with Dave in the background. "Yeah...yep...I was about to say....yeah totally agree."
I hate the way they are disrespectful toward people that work in the financial sector. All of these people willingly signed up for the situation they are in. I hate the idea that people are settling debt for pennies on the dollar. You signed a document be a person of your word and honour it. I'm not in the financial sector and I have never had a credit card in my life. Life is about making choices. Unfortunately, very few of us make grown up choices.
$38000 car lease? Let me guess California. edit 😆 right on the money. Born and raised till I left that state at the age of 18. Family still lives there. Sad how the majority of people live like the caller.
Feels great driving two cars that are newish 2013 and 2014 bought used with cash. Most on my street are in $30k+ cars with longterm payments being slaves to the banks.
Replace the van with something reliable look at you're sales contract cancel all add on warranties then take it to the selling dealer hand them the keys and walk away. Then they will auction it and add the balance into your snowball
Why is this guy tripping? If the only debt he has is the heloc, solar panels, and car lease, he should be fine. Seems like either his debt number is incorrect or budget is all over the place.
nothing wrong with a lease in and of itself one has to run numbers to determine what is a good deal. minivans hemorrhage money in depreciation so its an expensive vehicle to lease. try to sell it if you can but if not pay the "stupid tax"
I love most of Dave's opinions ,but he really needs to learn more about leases.Not saying they are the greatest for most car buyers ,but they don't have 14% interest rates as he says. If you can negotiate the capitalized cost , leases can be a great option for a lot of people
To be honest, he should just pay the remainder of the lease and learn his lesson. He’s paying $500 a month and he’s out $10k to get rid of it plus the cost of replacing the van. It’s cheaper than $10k to just pay it for a year and then buy the van out in cash after saving up hard with his large income
Get your dream Jeep today! Zero percent financing for 84 months. Yes! ZERO percent. That’s free money. Stop in and in 84 months your Jeep is all yours. FREE MONEY!!!!
Dave is a multi millionaire and thinks the average person makes the same money as him. My assumption is he’s thinking about wealthy people with kids will have the cash on hand and will need a minivan. But the problem is just because a wealthy person has 38k for a car, doesn’t mean they will spend it.
I'm getting a 2017-2018 Volkswagen Jetta SE and hopefully finance only 7k through the Bank. I have about $5000 I can put down. My monthly payment would be around $185
Wow this is may be the least condescending I've seen Dave be in a long while. "Love thy neighbor" and being condescending don't go together. I don't think God would want to see someone being unkind. I mean, don't be in the business of helping people get out of debt if you are going to look down on those who are in debt.
Moving down in debt, by borrowing... doesn't sound like the Ramsey way, but then anytime a caller is relatable to Dave he's willing to modify his standard advice.
Update: we got out of our lease. Got a used 2011 Honda Pilot with 88k miles. Will have it paid off in a few months. Relieved and Ready 💪🏾.
Wow good on you sir your on your way also good choice on the pilot.
So proud of you!
Nice work
On your way!
Good for you ! Keep listening to Dave and you will be fine !
Just paid my $16K car loan off in 16 months and I’m completely debt free! 🙌🏽🙌🏽🙌🏽
Congrats 🎉
Proud of you!
goals
Shouldn't got there in the first place so no not congrats
@@musicpro7278 not everyone finds Dave before they make mistakes.
I hear these and look at my super reliable 2006 Honda Civic and just appreciate it even more.
And you got the nice sporty style!
Same thing I say about my 2007 crown vic
I bought my car just with straight cash. Turns out to be one of my best decisions
@Censorship Sucks LUCKY GUY
I get high on my RUclips channel for a living 🥶😈
I love my Honda, don't get me wrong, but spending $40K on a minivan it's crazy.
I love my Honda also. However, I have a love/hate relationship with my experience. Because of ignorance and desperation I paid close to 30k...for a CRV base model. 🤦🏽♀️ My butthead decision (and the fact that Honda wouldn't take the car back, LOL) is why I now follow Dave Ramsey's baby steps.
Average new car is 36k.
Buying a van is a no in 100 leavels.
Eh, $40K on a minivan is a middle rate. Buying it new, he should be able to keep it for 15 - 20 years (assuming he isn't driving cross-country all the time.) It's not a bad purchase with his salary (under than going the leasing route.)
@@thelogicaldanger
It’s a lot for any vehicle that will sit unused more than driven.
Mrs james Anna is legit and her method works like magic I keep on earning every single week with her new strategy,...
Wow I' m just shock someone mentioned expert Mrs james Anna I thought I' m the only one trading with her. I think she is the best broker I ever seen
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs james Anna
Yes I' m also a living testimony of expert Mrs james Anna
Who's this professional everyone is talking about I always see her post on top comment on every RUclips video I watched
I think I'm interested how can I get in touch with Mrs james Anna
3:34 “You bought the Bentley of vans!” You probably could buy an old Bentley for that price!🤣
The old ones are running for 20k+...I've been looking hard
Lol yeah really or a three year old dodge for 8k!!!!
Calling it a fleece, love it 😅
What is a fleece?
You get out of it by setting it on fire 🔥
😂😂😂😂😂😂 take it to Mexico
Anthony has the easiest co-host job.
“Hear Anthony sit next to Dave and just say, ‘yeah’”.
If it's a real estate call, or car lease then Dave is in his element. AO does the student loan stuff.
I put my three kids in a Forester. Two regular car seats and a booster. I didn't talk myself into getting a larger vehicle. Thank goodness.
Great car 👍
I had to reread your comment, I read that as foster I thought foster home 😂😂
@@lizg5416 Rather do that then get into debt for a new minivan or large SUV or talk myself into getting a larger house because of one more kid! JK
A dealer is not going to "pick it up" for $34-36K. Try $25K. THEY will sell it for $36. This guy is going to the cleaners on this one.
No dealer would come close to that. Internet researchers 😂🤣
If it is now a 25K car then they may as well keep it
Dave math.
@@ChrisMFlorida Leasing a 40K minivan when you have a bunch of outstanding debt, typical consumer math :)
It's not that the price of the car is too out of their budget, it's the fleece that made it a bad deal. Getting an older reliable van for a few years while they pay down the rest of their debt will hopefully pay off in the long run once they get on a budget!
TBH I never understood the lease thing. Why lease and not just finance it if you not gonna pay cash anyways?
I agree with you. Couple things, and depends on the lease. You pay the monthly lease payment and gas and nothing else(except the tags, which is weird because you don't own the vehicle). Oil changes and any repairs are done by the dealer with zero out of pocket on your part. And you get to drive a new car every 2-3 years. But I'm still with you, why not just own the vehicle, get to the point where you can pay cash for a newer car...
@@insideoutsideupsidedown2218 I guess if you wanna keep driving a new vehicle it makes some "sense" I just think having an extra payment every month is more of a hassle
I’ve never done it myself but a family member has - he says he likes leasing because he can get a new car every couple of years. 🤷♀️
@@fireseeker4him But you are stuck with the same model just a newer version, the fun of cars is trying different models tbh
@@insideoutsideupsidedown2218 I wish they would cover oil change and maintenance. I just took a GMC lease in for an oil change recently and had to pay for it.
585 to borrow a car + don't forget insurance... mind blown
Whole time you could've just bought a cash car n save your bread...I don't know why we rationalize having a car payment is better than a car repair..most repairs don't cost half of what these financed cars cost.
I have a friend who has to make at most $20/hr and she leased her 2018 wrangler at the time for $600/mo + another $300something for car insurance. I definitely pushed boundaries by telling her that was a VERY stupid purchase, which she didn't appreciate. Now that it's hitting on three years soon I hope she just buys a used car!
If he had read his lease documents and done his due diligence beforehand he would already know the options.
The instant gratification,FOMO,YOLO,etc. was strong with this one.
I will never ever lease another vehicle again as long as I have breath in my body. My parents taught me how to lease when my first vehicle was financed at 17 years old. I had about $1500 saved up (while making minimum wage in 2005) and looking back on it I should’ve convinced my parents to match my savings and pay for a decent car with cash.
Or even just buy something for $1500.
@@rosejones2932 And that 1500 dollar car will need thousands in work. There's no great solution. Cars cost money. Pure and simple.
Dont get a lease unless you have a business to pay for it man
Wow, I am surprised of Dave's suggestion. Suggesting debt (although smaller) because it will get the job done faster.
Mental clarity goes a long way. Out of the trap
The question what is your yearly income is one thing,but what is take home pay.
Lol 😂 caller:I eat too much”
Dave: that’s not really a bad thing
I’m freaking dead
It is basically like a long term time share.
Find somebody to assume the lease. Maybe even make the deal better for the assumed and pay the fee and pay first month.
Dealer can pick up a car they sold for $38k yesterday for $35k today. Salesman of the year!
This is what me and my husband just did yesterday! No more lease!!!!!
put it on craigslist, that's how I got out of mine, I made a video about it on my channel
Keep the van and dump every penny into it! Pay it off!
I don't get what Anthony brings to the table. All he does is agree with Dave in the background. "Yeah...yep...I was about to say....yeah totally agree."
I hate the way they are disrespectful toward people that work in the financial sector. All of these people willingly signed up for the situation they are in. I hate the idea that people are settling debt for pennies on the dollar. You signed a document be a person of your word and honour it.
I'm not in the financial sector and I have never had a credit card in my life. Life is about making choices. Unfortunately, very few of us make grown up choices.
$38000 car lease? Let me guess California. edit 😆 right on the money. Born and raised till I left that state at the age of 18. Family still lives there. Sad how the majority of people live like the caller.
Same
I have friends in LA and WEHO, they all live on a 35k salary and act like millionaires. I am now in Boston and I love it here
@@Frost-tb9qs It is NO different everywhere else. I know people who live is small towns that have a ton of toys and live in a trailer.
well the state of California as of 2030 they're not going to be selling any combustion gasoline vehicles anymore new ones state law
Love that saying, "Better than I deserve" my boss's wife taught that beautiful phrase.
he really doesn't want to get rid of this vehicle. he just doesn't want the note he is paying for it
2009 paid off Ford Focus no issues for the win!
Guys got solar panels. Yah financed 50 year payback good work ffs
5 years ago solar panels were 7,000. Soon after they became crippling debt.
You dont get out of a 2021 without taking a bath
Pay off the car then keep it for a long time. Don't sell it.
Pay it off with 138k a year, get on it!
He lives in CA.
Honda? C’mon man...
I make $120k and I still think my $215 car payment is too much, even with no kids.
Sell it to carvana or carmax.
and probably take a big loss.. but yea they will buy it.
Feels great driving two cars that are newish 2013 and 2014 bought used with cash. Most on my street are in $30k+ cars with longterm payments being slaves to the banks.
You pay it down.
You buy broken vehicles and fix them, at least that's what I do lol, no payments
Certified Pre owned Toyota!
Look at a used Hyundai Santa Fe. That should be able to get you by for a while.
Scotty Kilmer.... stick with Honda, Toyota, and some Ford trucks.
@@ugabuga1361
Hyundai is far more reliable than it used to be. Stop hating.
Take it to carmax!
38 wow unreal
Replace the van with something reliable look at you're sales contract cancel all add on warranties then take it to the selling dealer hand them the keys and walk away. Then they will auction it and add the balance into your snowball
Why is this guy tripping? If the only debt he has is the heloc, solar panels, and car lease, he should be fine. Seems like either his debt number is incorrect or budget is all over the place.
i drive a honda civic 2009 and i love it
nothing wrong with a lease in and of itself one has to run numbers to determine what is a good deal. minivans hemorrhage money in depreciation so its an expensive vehicle to lease. try to sell it if you can but if not pay the "stupid tax"
I definitely made a bad deal on my first car, Honda CRV. So I know something about "stupid tax". Boy, was it a thorn in my side!
So he makes 138 but can't use 25% to pay it off in 1year
I like the Toyota sienna better myself
Scotty Kilmer has already broke it down... you are right....the Honda has a weak tranny in their vans
@@jimbrown3366 Too bad the new Sienna is Hybrid only, they got rid of the bulletproof V6
How does he eat out too much when restaurants have been closed in LA for a year?
I think most of them still do take out. Maybe that's what he is talking about.
DoorDash
@@706jamorales correct I live in LA county take out or delivery.
He should look into swapalease
I love most of Dave's opinions ,but he really needs to learn more about leases.Not saying they are the greatest for most car buyers ,but they don't have 14% interest rates as he says. If you can negotiate the capitalized cost , leases can be a great option for a lot of people
Leasing is the biggest waste of $
Dave just told someone to take out a $10k loan! 😳 😂
Carvana is today's Craigslist and you probably won't get shot doing the transaction.
I do not understand why anyone would lease a car.
I need a minivan I can give you 27k 😎
Find someone who can take over the term
Use carvana to sell it
To be honest, he should just pay the remainder of the lease and learn his lesson. He’s paying $500 a month and he’s out $10k to get rid of it plus the cost of replacing the van. It’s cheaper than $10k to just pay it for a year and then buy the van out in cash after saving up hard with his large income
Try Vroom....
Why does he need a van or an SUV? Camrys are pretty big now! God, Americans - I am one - love to drive wastefully large vehicles
Crash and total it
Sell your car
Why does he say because he has kids you NEED a van or SUV????
So not TRUE
Why people think a lease is good at all is beyond me. Unless you have money you're fine with throwing away.
Dave has said because broke mentality is "how much each month" instead of just "how much"
Lifestyle in short term, cash flow
His Lease wouldnt be a problem if he had consistent Cashflow to pay for the car
How do you call in????
With your phone.
@@todd2456 🤦
@SoulfullySowingSeeds 18002822882
@@insideoutsideupsidedown2218 LOL
Beans and rice
🤣🤣🤣
Just beans. Can’t afford both.
Get a Toyota Sienna !!!!
Fleece company lol.
Get your dream Jeep today! Zero percent financing for 84 months. Yes! ZERO percent. That’s free money. Stop in and in 84 months your Jeep is all yours. FREE MONEY!!!!
That was a tough problem to solve
Just keep it lol. There’s no good outcome that the lady is gonna give up the 2021 van for a 7k Van.
Why does Dave think people have 38k cash to buy a mini van outright? lol
Dave is a multi millionaire and thinks the average person makes the same money as him. My assumption is he’s thinking about wealthy people with kids will have the cash on hand and will need a minivan. But the problem is just because a wealthy person has 38k for a car, doesn’t mean they will spend it.
Can’t do a lease transfer to someone else?
I'm getting a 2017-2018 Volkswagen Jetta SE and hopefully finance only 7k through the Bank. I have about $5000 I can put down. My monthly payment would be around $185
Carnax/Carvana
NO ONE IS GOING TO DRIVE A $7000 car if they have a $40000. Good luck with that
He “fleeced” himself.
He makes 138k and complaining about a 38k lease?
Live on 50k and pay off the van and tackle the debt c'mon!!!!!
Hard to do that in Cali.
Probably got a high mortgage or rent to go along with that high fleece.
My wife and I have one leased car and one used car. Works for us, but we're also in a better situation than this person.
You are just making excuses.
@@bindingcurve enlighten me please
@@michaelc7014 That is is OK to put yourself in debt because you are in a "better situation"
@I. S BS. you lose the depreciation deductions. And anything you deduct equates to an expense, and lost profit. Again, just making excuses
@I. S Nope, Dad and brother are. And have been a business owner. I know all about scheduling deductions on vehicles.
why do you car dealers keep ripping people off like this ?
Because there are still stupid people that allow it...
They are not ripping people off. People want 40K plus minivans, so they are going to sell them.
@@bindingcurve selling minivans is not a rip off , selling car leases is i beleive.
Because $$
Because they can
Wow this is may be the least condescending I've seen Dave be in a long while. "Love thy neighbor" and being condescending don't go together. I don't think God would want to see someone being unkind. I mean, don't be in the business of helping people get out of debt if you are going to look down on those who are in debt.
Oh stop - he is not condescending.
The truth can hurt.
Never ever lease car.
Moving down in debt, by borrowing... doesn't sound like the Ramsey way, but then anytime a caller is relatable to Dave he's willing to modify his standard advice.
It's better to have a car loan of 10k than a lease of 38k.
Bought a Beamer I bet
Wow could have financed it cheaper dealers are snakes
😎🖖✌👌👍😁
First