How Much Should We Pay For Our New Car?

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  • Опубликовано: 25 ноя 2024

Комментарии • 693

  • @MetalMike56
    @MetalMike56 6 лет назад +960

    V-hickle

  • @crimesofthecentury2714
    @crimesofthecentury2714 6 лет назад +294

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

    • @zak2770
      @zak2770 4 года назад +15

      A Kia???? lol

    • @cm01
      @cm01 4 года назад +13

      Kia's are not very reliable compared to Toyota (and Lexus), Honda (and Acura), Ford (and Lincoln), or old Dodges (not new ones). But no car is really very well built, they're all built to a price point and they're all sheet metal with an engine, tranny, and cheap wires and hoses.

    • @PORTMIAMIMIKE
      @PORTMIAMIMIKE 4 года назад +6

      Go see Scotty the mechanic

    • @hmmichael438
      @hmmichael438 4 года назад +3

      Breaks my heart when I see people replace their perfect car with a new one, likely on payments, after the old one is paid off. I’ve heard every rationalization in the book for justifying the purchases.

    • @EoRdE6
      @EoRdE6 3 года назад +2

      @ every honda has a cvt these days...

  • @riche6328
    @riche6328 5 лет назад +41

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

    • @pep590
      @pep590 4 года назад +2

      They already have a car payment. Sure you have. Dave doesn't tell every person who has a loan to sell their car. After it is paid off if it is not too expensive to keep, then save up cash for the next one.

    • @greglinsmythe3375
      @greglinsmythe3375 Год назад

      You missed the point. Here Dave is telling someone to take out a loan to get a car.

  • @JM0LiNa
    @JM0LiNa 4 года назад +14

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

    • @chrisb3189
      @chrisb3189 3 года назад

      Do many states in the US or Canada have smog testing?

    • @JM0LiNa
      @JM0LiNa 3 года назад +1

      @@chrisb3189 Smog varies from state to state. California being the strictest. Not too sure about Canada.

  • @david1731048
    @david1731048 3 года назад +33

    "...totalled a lease vehicle we had, hahaha"
    Dave: 😒

  • @justonemori
    @justonemori 4 года назад +11

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

  • @chrisludwig9783
    @chrisludwig9783 5 лет назад +15

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

  • @cerealentrepreneursandbusi2438
    @cerealentrepreneursandbusi2438 4 года назад +131

    I binge watch Dave Ramsey because it’s entertaining

  • @joonyaboy
    @joonyaboy 5 лет назад +153

    Camry, Accord, Civic. Highway warriors

    • @mincraftisawsome1234
      @mincraftisawsome1234 4 года назад +4

      You forgot impala, avenger, fusion smh

    • @dankestranch8738
      @dankestranch8738 4 года назад +22

      What about corollas?

    • @joonyaboy
      @joonyaboy 4 года назад +6

      @@dankestranch8738 Definitely!

    • @DavidJYuan
      @DavidJYuan 4 года назад +2

      Exactly, and like mentioned, Corolla. 10 years plus, no problem here.

    • @normacordova3241
      @normacordova3241 3 года назад +8

      Toyota and Honda 300,000 miles guaranteed

  • @younome1845
    @younome1845 5 лет назад +31

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

    • @666dynomax
      @666dynomax 4 года назад +2

      domestic fans always talk about how expensive parts are for foreign cars... i've never ever found this to be true... i could do the brakes all around my accord for less than 200 bucks rotors and all... calipers were like $60... and in 7 years thats all the work it needed lol

    • @wildmikefilms
      @wildmikefilms 4 года назад +4

      Idk if 20k a year makes you a road warrior.

  • @wilsonmoran9539
    @wilsonmoran9539 4 года назад +17

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

  • @yayyareaa2997
    @yayyareaa2997 6 лет назад +58

    6:02 😂😂😂
    Keep pressing it. Enjoy.

  • @alexandrar6272
    @alexandrar6272 3 года назад +20

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

    • @rustyshackleford6637
      @rustyshackleford6637 3 года назад +5

      i have an unregistered, uninsured ford pickup with no muffler, defective turn signals, and expired out of state plates

    • @germs951
      @germs951 3 года назад

      You should be ashamed..

    • @justinacase2623
      @justinacase2623 3 года назад

      Is Ghosn in the trunk?

  • @thermalreboot
    @thermalreboot 5 лет назад +19

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

    • @Terror1Void
      @Terror1Void 5 лет назад +3

      If you don't own a set of wrenches, sure. I spent 1k on a suburban and i put 5k into it over 2 years. Now it's bullet proof. If you're a soy boy, sure get an expensive car.

    • @thermalreboot
      @thermalreboot 5 лет назад +4

      @@Terror1Void How many miles a year to you put on this "bullet proof" Suburban? I used to own a Suburban, it was a money pit. By 98,000 miles it was so worn out it was cost prohibitive to fix, and yes, I own many wrenches, but I'm not stupid enough to put my career on the line for a shitbox.

    • @Terror1Void
      @Terror1Void 5 лет назад

      It's got 269k miles. Seems like you don't wrench. 350 sbcs are the cheapest and most plentiful parts wise in the USA. You ask for miles, you actually are putting the easiest amount of work on your car. My wife does stay at home mom stuff around town, so she's actually putting more wear and tear on it than your 50k. Learn to wrench my friend, it's incredibly fulfilling.

  • @missdesireindependance5194
    @missdesireindependance5194 6 лет назад +57

    I got a Toyota Yaris for under 5k. It's is reliable and good on gas. You don't have to go into debt to buy a nice car.

    • @LillyAnnHouston
      @LillyAnnHouston 6 лет назад +13

      I have a 2008 Yaris with over 200,000 miles. My commute to work is 1 hr 15 mins (one way). I put on over 100 miles a day. Oil change every 5,000 miles with synthetic oil since day 1.Bought her new 10 years ago. Best purchase I ever made.

    • @MrWhite-pn7ui
      @MrWhite-pn7ui 6 лет назад +7

      As Dave said, we don't wanna cram the poor guy into a subcompact cuckmobile when a large part of his work day consists of driving. A decent sized car can be had for not much more and still be affordable based on their household income.

    • @LillyAnnHouston
      @LillyAnnHouston 6 лет назад +3

      Ha! We have been Debt free since Aug 2015 including house & land. Two income family living on less than one income. and yes, we completed this journey in a Toyota Yaris. Weird!

    • @outdoorsnevada4138
      @outdoorsnevada4138 6 лет назад

      My mom and sisters all have the same cars. Good little cars. Just dont hit anything with them.... those things are small and crumble easy.

    • @michaeljohnson2922
      @michaeljohnson2922 6 лет назад +5

      I bought a $5k Yaris with 57k miles. Gets like 40mpg and we love it!!!

  • @gabeishere4990
    @gabeishere4990 3 года назад +1

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

  • @obsoleteprofessor2034
    @obsoleteprofessor2034 6 лет назад +1

    $500 in 2005 for a dented 92 Camry w 150K. I still have it today at 450k. Timing belts and tires and most expensive was oem catalytic converter. I punched out the old one when it plugged up and drove it almost 2 more years before I bought a new cat. Car still going strong. I recently saw a clean 2005 Civic w 180K for $1500. clean and tempting. Saw 2008 Land Rover.. free for the taking but blown engine. Stay with the simple tried and true cars.. no exotics/Smart/Coopers/Audi etc.

  • @busterschannel4794
    @busterschannel4794 5 лет назад +101

    Get a used Honda Civic or Toyota Corolla.

    • @karenstewart3047
      @karenstewart3047 4 года назад +7

      Or an Accord or Camry or Avalon.

    • @Exxon300
      @Exxon300 4 года назад

      Karen Stewart thank you

    • @karenstewart3047
      @karenstewart3047 4 года назад

      @HM Fitness Awesome!

    • @bashfulljrab11
      @bashfulljrab11 4 года назад

      04 civic hatch si puts a smile on my face :)

    • @Mariely1
      @Mariely1 4 года назад

      Every time I look fir a used Honda or Toyota they are racked up in miles! Hard to find one that’s meets the eye. But I’m in the market fit one for I’ll keep looking

  • @froggore52
    @froggore52 6 лет назад +72

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

    • @VampireKa1n
      @VampireKa1n 6 лет назад +1

      Except for that time he told a guy to give his life savings away because "God told him to"

    • @froggore52
      @froggore52 6 лет назад +1

      Ouch :(

    • @BriLoveMusic
      @BriLoveMusic 6 лет назад

      Mike D You gotta do what you gotta do! 🙄

    • @froggore52
      @froggore52 6 лет назад

      Briana Molina So you would do anything that you *think* "god" told you to do? How do you know it's god talking to you?

    • @Commanderhurtz1
      @Commanderhurtz1 6 лет назад +1

      Problem is, the guy whom spoke that gave no proof that Dave actually said that. Don't believe everything at face value. How do you know he's telling the truth and not a troll? *Logic*

  • @joesyotas4232
    @joesyotas4232 6 лет назад +17

    Toyotas are very reliable. 173k on mine and works great.

    • @666dynomax
      @666dynomax 4 года назад +2

      they become unreliable sometime after 20 years or 500k whichever comes first

    • @T25de
      @T25de 4 года назад +2

      318 miles on my 4runner
      225 on the Lx 470

    • @milkjug4861
      @milkjug4861 3 года назад

      215k on my Buick Century

  • @smithstead1605
    @smithstead1605 6 лет назад +17

    Sell the Dodge 3500, depending on mileage could get $15-20k out of it. Buy 2 cars with the money from the truck and pay toward the $1,600 upside down situation.

  • @TF-MJ
    @TF-MJ 6 лет назад +193

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

    • @gass.tim24
      @gass.tim24 6 лет назад +6

      The Former Mrs Jones I'd say a $3000 is also reasonable depending on their mechanic situation as well. I have a 2012 sonic I paid a little over $3000 for, I put between 40 and 50k on every year and it just rolled 200k. I've taken it on 1500mile road trips and will be going to Canada soon without a worry. I also have the access and means to for example put a new motor or whatever in it for like $500 when need be though. Coincidentally, my ram also sits a lot (13mpg running premium vs 32 on regular)

    • @jaredmiramontes3549
      @jaredmiramontes3549 6 лет назад +11

      No I agree with Timothy, people don't know how much of a car you can get for under $4,000. They can easily get a fully loaded reliable car with under 150k miles for under $4k if they know their stuff and do the research. I'm in highschool and bought and 2002 Acura Rsx sports coupe for $2150. It's fully loaded all the options and has a honda engine that's super reliable and gas never let me down. It's easily one of the better looking cars on the road too.

    • @MiloGotcha
      @MiloGotcha 6 лет назад +5

      Jared Miramontes rsx are hideous

    • @jaredmiramontes3549
      @jaredmiramontes3549 6 лет назад +3

      Bryan Olvera nope I'm slammed on coils with rpf1s, spoiler delete, wheels powdercoated bronze with ceramic coated black paint, cat back, intake, type s body kit, rear diffuser, esparco seats. Anyways um what do you drive mr critic?

    • @MiloGotcha
      @MiloGotcha 6 лет назад +1

      Jared Miramontes you should’ve got an si at least

  • @Smullet90
    @Smullet90 6 лет назад +13

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

    • @mustasheolll2020
      @mustasheolll2020 3 года назад

      That’s why I bought my Scion iA used because I knew I was going to be driving a lot. It’s been a great car and will likely keep her a long time. My dream car is a brand new Honda Mazda VW lol

  • @Yorelz
    @Yorelz 2 года назад +1

    I drive about 1100 miles a week to commute to work. I do this is a 2000 Toyota Corolla. Paid $1800 for it and just keep up with regular maintenance. Never a reason to lease a new car

  • @warwagon
    @warwagon 6 лет назад +96

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

  • @StrangeGarage
    @StrangeGarage 5 лет назад +3

    A $1,000 Ford Ranger with the 4 Cylinder and manual transmission. Extremely reliable and easy to fix! My last one had 286,000 miles on it.

  • @AD-yt8ik
    @AD-yt8ik 6 лет назад +43

    Why not buy 10k Honda accord and rock it for 400k miles till the transmission goes out???

    • @AdamSmith-gs2dv
      @AdamSmith-gs2dv 6 лет назад +6

      FF Animal Make sure to get a manual, Hondas autos aren't that great and avoid ANYTHING with a CVT!

    • @Nahuelero123
      @Nahuelero123 4 года назад +4

      Adam Smith it’s hard to when most new Toyotas and Hondas have CVTs 😪

    • @HelloMyFriend_
      @HelloMyFriend_ 4 года назад

      What's the matter with CVT? I'm looking to buy a 2017 1.0 Honda Civic with automatic transmission

    • @johny2cool94
      @johny2cool94 3 года назад

      @@HelloMyFriend_ buy or finance two different things hopefully you buy something les

    • @HelloMyFriend_
      @HelloMyFriend_ 3 года назад

      @@johny2cool94 something else you mean? Than a Honda with CVT?
      I'm not thinking about 2017 Mazda 3

  • @standapart4ever
    @standapart4ever 6 лет назад +26

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

  • @dcjohnson2490
    @dcjohnson2490 6 лет назад +37

    $424 for a 15 year old car? Taken is not the word!

  • @michaelatchison2325
    @michaelatchison2325 6 лет назад +105

    Why were they leasing a 15 year old car? I think she was confusing a lease and a loan. Sell the 3500 Ram and buy two $5000 Camrys/Accords/whatevers

    • @Todiros
      @Todiros 5 лет назад +2

      Is there a difference between lease and loan?

    • @jas7869
      @jas7869 5 лет назад +9

      Maynerd Yes a big one with a car lease it is works like fancy renting with mileage limits and you can't pay it off instead you return it at some point those are the terms.

    • @josem1596
      @josem1596 5 лет назад +5

      @@jas7869 I think you need to research what Is leasing

    • @mikefarrington7141
      @mikefarrington7141 5 лет назад +5

      No, HIS truck is like 15 years old. But he started driving HER leased car for the new job. Honestly, the wreck probably saved them money because can you imagine turning in a leased car that's got tens of thousands of extra miles than the lease contract stipulates? That would have bankrupted them (it would have made more sense to buy the car at the end of the lease than pay the extra mileage fee).

    • @doublet06
      @doublet06 5 лет назад +5

      Mike Farrington She said 2003 Murano, other vehicle is the Dodge Ram.

  • @ShaneRG
    @ShaneRG 6 лет назад +205

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

    • @slyfoxx2973
      @slyfoxx2973 6 лет назад +37

      Dave has given similar council before. It's usually about taking a small loan for people who are upside down on a car that's way too expensive for them. They owe say 30K on a car, make 50K a year and have a ton of other debt. Trouble is they can only sell the car for say 26K. So get rid of the huge car payment they need an extra 4K. Better a 4K car loan than a 30K loan and they have then just attacked 26K in debt.

    • @slyfoxx2973
      @slyfoxx2973 6 лет назад +33

      No...he advises the debt snowball because it's actually proven to work for more people. It's about behavior modification. Getting some quick wins so you keep at the process. What the point of having a "better plan" if it doesn't actually work for the person implementing the plan. There's a recent short vid that Ramsey did regarding a (i think it was) Harvard study that looked into different debt reduction techniques. It found the debt snowball to be the most effective method for most people. Took the egg heads in academia 20 years to figure out something Dave an a lot of other people knew all along. Success in personal finance is 80% behavior. Until you change your behavior the 20% that is actual math don't mean squat.

    • @celbertbrown
      @celbertbrown 6 лет назад +8

      Never heard Dave say, yes go get a loan! They really had no other choice in their situation and once they put that in the debt snowball they will be fine! Great advice! Such a common sense smart guy!

    • @jonsmith3574
      @jonsmith3574 6 лет назад +2

      Sly Foxx eliminate the highest interest debt first

    • @mph5896
      @mph5896 6 лет назад +16

      How else are they going to get a car? Out of thin air? No car=no work. Daves advice was spot on.

  • @eugenestrunk4635
    @eugenestrunk4635 6 лет назад +2

    I drive a ’02 Honda Civic handed down from my father-in-law who bought it new. I do my own maintenance so there's minimal maintenance costs, no depreciation, low insurance ($25/month from Insurance Panda) and registration costs, no car wash expenses (I park it outside when it's raining) and people think twice before trying to cut in front of me. Did I mention that it's super safe??
    It's a comfortable ride on the highway but is also nimble on dirt roads. I could easily afford a new car but then I'd have to fuss about dents, scratches, car washes and all those other costs. It's got a 3.1L V6 that achieves 30 mpg on the highway. As long as it continues to pass smog it's a keeper.

    • @S2kTi
      @S2kTi 6 лет назад +6

      There is no such thing as a v6 civic though..

  • @supremevision631
    @supremevision631 6 лет назад +127

    Did Dave just advise a car loan?

    • @Walshy36
      @Walshy36 6 лет назад

      SupremeVision I think so

    • @Walshy36
      @Walshy36 6 лет назад +3

      SupremeVision he didn't say the words "Get a new car loan" but that's what he is implying

    • @pixelhidef
      @pixelhidef 6 лет назад +14

      Replacing existing debt with the amount of debt given the need for a car is needed and they were already in 8000 of existing debt. He's just taking the accident out of the equation and ensuring she doesn't go deeper in debt then before the accident.

    • @pixelhidef
      @pixelhidef 6 лет назад +3

      If the insurance was bumping them 2 grand extra after the settlement, he may have given an entirely different answer.

    • @urigeheadmot1196
      @urigeheadmot1196 4 года назад +4

      love how you look kinda skeptical on your profile pic as well

  • @juice63991
    @juice63991 6 лет назад +190

    How can you lease a 2003 vehicle when its 2018?

  • @skylinec83
    @skylinec83 6 лет назад +4

    Get a used corolla. Change the oil like 6 times a year. Fogetaboutit

  • @sgtcrab1
    @sgtcrab1 6 лет назад +4

    Walk around a car on a used car lot...if it says Toyota anywhere on it and it will start it is good for 300 K more miles.

  • @Julian-zc9vm
    @Julian-zc9vm 6 лет назад +64

    I think the actually had a loan on her old car, not a lease.

    • @doebino1
      @doebino1 6 лет назад +4

      Having a $400 a month payment.. most likely she had a stupidly high interest rate on her loan.

    • @wadeatkinson4766
      @wadeatkinson4766 5 лет назад

      @@doebino1 sad (

    • @JoeUrbanYYC
      @JoeUrbanYYC 4 года назад +1

      Yeah I think she said "a fleeced vehicle that I had" and was actually referring to a bad bad car loan that was fleecing her.

  • @marshallferron
    @marshallferron 6 лет назад +13

    Why would an $8-10000 need to be sold every year with 50,000 miles? If you buy a car with 100,000 miles and it's still going with 150,000 miles why not take it to 200,000 or even 300,000 miles? You'll have the money in your emergency fund to buy another or to have it fixed right away if it breaks down.

  • @pedrocruz9156
    @pedrocruz9156 6 лет назад +1

    Bought 3 used cars for $18,500. Owned them for 8, 3, 3 years, respectively. Can sell them for $20K. Maintenance, insurance and improvements for all totaled $10K. Each has a utilitarian purpose. I do not understand how people spent $30-$50K for new cars. What a killer on the budget.

    • @rrt08
      @rrt08 6 лет назад +1

      Sargon Yap they want that new car smell

  • @mmaboxingko4298
    @mmaboxingko4298 5 лет назад +16

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

  • @mathehack1
    @mathehack1 6 лет назад +3

    Just get a nice Ford Crowne Vic. Gets about 25mpg. It's not top heavy and it's heavy so it won't get blown around in that CO wind. Tons of room, they run forever and they're cheap. Only drawback would be snow.

    • @imzjustplayin
      @imzjustplayin 4 года назад

      Crown vic TCO is far too high to justify. People got that stupid idea in their head that they're low cost low maintenance vehicles and they're not. They're money pits and gas guzzlers.

  • @Genjoi236
    @Genjoi236 6 лет назад +57

    Something doesn’t add up. You leased a car but putting 50k miles a year on it? Also it was a 2003 Nissan for $424 a month?!

    • @joshmiller3673
      @joshmiller3673 6 лет назад +4

      Genjoi I was wondering the same thing.

    • @mattw8332
      @mattw8332 6 лет назад +3

      Genjoi I drive a 2003 Nissan and in total that's only worth the £ equivilent of 2 months payments of this lady's model.

    • @DylanVBWRX
      @DylanVBWRX 6 лет назад +12

      You can only lease a brand new car she had no idea what she's talking about

    • @christopherhiggins4249
      @christopherhiggins4249 6 лет назад +1

      Genjoi sounds like a fake call lol. I caught that too

    • @sdot9105
      @sdot9105 6 лет назад

      Genjoi And Magically crashed it.

  • @rustyscrapper
    @rustyscrapper 6 лет назад +170

    Get a $5000 Honda. It has to be a honda so that he can put a half million miles on it before the floor falls off it.

    • @bestly802
      @bestly802 6 лет назад +32

      Toyota is probably the most reliable car, cause my dad owned one for years and raked like 400k miles. He replaced the engine before selling it and it was only $1700 to replace. Runs like new again before we sold it.

    • @jonsmith3574
      @jonsmith3574 6 лет назад +31

      Scott Cameron I’m a professional mechanic; the Toyota Camry is far more reliable than the Accord. 15 years ago they were neck and neck as far as reliably. Honda makes very weak automatic transmissions. If I were to buy a Honda of any kind it would be a manual trans. Toyota’s just last if you keep up on maintenance and they hold their value. God bless

    • @mrslcom
      @mrslcom 6 лет назад +4

      Buy an used American car. They depreciate like crazy and lose half their value in the first 3-4 years. It will still be relatively reliable compared to a 6-7 years old Honda or Toyota for the same price....which are the years when problems start to appear.

    • @bestly802
      @bestly802 6 лет назад +3

      Tana Merah yup American cars are also getting more reliable too

    • @randomvideosn0where
      @randomvideosn0where 6 лет назад +10

      Honda makes the best engines but their transmissions are terrible, a Toyota would be a good bet and he could probably run one up to probably 300k without losing much reliability if he takes care of the maintenance.

  • @tormundgaint1022
    @tormundgaint1022 4 года назад +1

    Just buy corolla or camry. I put my 2012 camry 450,748 miles so far and it still runs ok.

  • @schzean
    @schzean 5 лет назад

    Very practical advice for this situation. Debt for debt, then snowball it. OK - different scenario - Same thing - drive a lot for work, but totaled the car with NO LOAN, but you have NO MONEY to buy a new car. Not an easy debt for debt solution, WWDR do? What would YOU do? Gotta have a car to work and make a living. Loan or no loan? (for this situation, no savings, no resources to borrow from a relative, etc., just flat broke and you are on your own).

  • @liberty4392
    @liberty4392 5 лет назад +2

    I never thought I would buy a brand new car. Then we found a brand new Mitsubishi Mirage for $12,200. We could not resist. It has been a great car and we now have only have about 41,500 miles on it. Hopefully it will last us four or five years before I sell it.

  • @rositahl
    @rositahl 6 лет назад +28

    This is the first time ever I hear Dave advising to get a loan. Not that I don’t agree with him but it’s a little shocking

    • @pep590
      @pep590 4 года назад

      Cause you misunderstand as the dude loses his job and they have no money with no car. If people have a loan, he doesn't tell them every time to seel the car and save up cash. You no understand. You and the 26 other slow folks. Replacing existing debt with the amount of debt given the need for a car is needed and they were already in 8000 of existing debt. He's just taking the accident out of the equation and ensuring she doesn't go deeper in debt then before the accident.

  • @juhdah2146
    @juhdah2146 Год назад +1

    50K miles/year? I don't want this job.

  • @MrMacanna
    @MrMacanna 3 года назад +4

    A nice little Ford taurus...???? Good luck with that!!!

  • @MP-ef6mc
    @MP-ef6mc 3 года назад

    Best thing for a road warrior is to get a re-built title car that runs really good and replace it every 2-3 years. You can get a good car already fixed for 60-70 percent of book value.

  • @elizagold2186
    @elizagold2186 6 лет назад +16

    I know people who pay 5 to 6 hundred dollars a month for a car. It's crazy and all for show. Put that money into retirement account.

  • @kravmagaCDK
    @kravmagaCDK 6 лет назад +3

    Yea this was a tough one. At first I'm like "10,000 car and replace every year, that 800 plus a month on a car" but then I thinking at 50000 miles a year no car is gonna last more then 3 or 4 years. I think they should fine the most affordable AND reliable car possible. For me that would be about 15,000 but that all depends on their income. At the end when you consider their income a 10000 thousand car sounds about right. However in a year that car will be 2000 because of the high miles. Now their about 8000 on a car that doesn't work. Wow. He needs to find a closer job.

  • @fsmoura
    @fsmoura 5 лет назад +13

    0:19 _"a leased vehicle that I had, heh heh . . ."_
    (o.o ) (non-amused Dave)

  • @felixf4378
    @felixf4378 6 лет назад +3

    Buy a 8k toyota and pay a good mechanic to check it out, fix what needs to be fixed and youre set.

  • @Gabster1990
    @Gabster1990 6 лет назад +12

    I got a car loan for my car but I paid it off within the year. Maybe this woman's husband can manage if he has the discipline.

  • @brendancoogan5371
    @brendancoogan5371 6 лет назад +7

    how do you sell a car for the same as what you bought it for when you put 50k miles on it and its over a year older?

  • @physicslawyer9845
    @physicslawyer9845 6 лет назад +17

    I have a 2007 Prius, bought it with 3k miles and it now has almost 500k miles. Don't buy and sell a car every year.

    • @physicslawyer9845
      @physicslawyer9845 6 лет назад

      It's on priuschat.

    • @djbahaa3191
      @djbahaa3191 6 лет назад

      King of The Castle that’s not surprising Toyota’s are bulletproof reliable

    • @imzjustplayin
      @imzjustplayin 4 года назад

      I'm assuming you always used full synthetic, otherwise you'd be burning oil by now.

  • @gratefulRed69
    @gratefulRed69 4 года назад +1

    it's rare, but I disagree with Dave on this. Don't buy a $8-10k dollar car and then do that every year, just because he drives 50k/yr. For $10k you can pick up a well maintained 125k mile Honda/Toyota and then go put another 150k-200k miles on it, assuming you maintain it. I picked up a 4 year old, loaded Accord EX-L (back in 07 or 08') with 75k miles on it for around $12k. Sold it for $1200 years later with 331k on it. I was a "road warrior" too. My current 09' GS350 has 186k on it and runs like a swiss watch. I'll put another 100k it before I look to get something else. Stick with Toyota's and Honda's and you can pay them off, then continue payments to YOURSELF, build up your cash and then when it's mechanically done....go pay cash for your next used Toyota/Honda.

  • @triumphiztation
    @triumphiztation Год назад +3

    The car dealer will let you know what car you qualify for. Their very helpful and will make sure you get all the bells and whistles!😂

  • @righand
    @righand 6 лет назад +21

    Dave never mentions how much transactional fees can be when buying and selling a car. Insurance, tax, registration, unknown lack of maintenance problems add up in the end.

    • @intellijente
      @intellijente 6 лет назад

      Why would he mention something so variable?

    • @righand
      @righand 6 лет назад +1

      intellijente he should at least touch on it. Everything is variable in these calls. Try losing a few thousand on transactional cost and then let me know if it is feasible to sell your car.

    • @chadhaire1711
      @chadhaire1711 6 лет назад +2

      Daves advice on cars sucks..always buy a cheap new car for about $12,000 with 100,000 mile warranty then trade it when the warranty is done..the cheapest way to go.

    • @imzjustplayin
      @imzjustplayin 4 года назад +2

      @@chadhaire1711 Can't buy a comfortable 'road warrior' car for $12K that is brand new. He would have to spend at least $20K for Brand new. However $10K will buy a lightly used Camry/Accord which makes a lot more sense. 10K of depreciation for losing 40K miles. Better to get out that depreciation early.

  • @jas7869
    @jas7869 5 лет назад

    Oh Good God!!! The people listening to you that call in all manage to prove in one way or the other why they had to call in and you get right to the specifics with sensible detailed advice each and every time!!!!

  • @mysticaltyger2009
    @mysticaltyger2009 6 лет назад +10

    I thought the advice here was good. One thing I was wondering, though....is it really necessary for him to be a road warrior? I wonder if it's even worth it.

    • @SP-iv2jj
      @SP-iv2jj 4 года назад

      Not if they both work and make 75k

  • @SmashBrosBrawl
    @SmashBrosBrawl 6 лет назад +8

    Daves face when she said she had a "lease vehicle"

  • @filthycasual0975
    @filthycasual0975 5 лет назад +2

    He's mentioned buying and selling cars on other videos i've seen and I never quite understand how he thinks you can buy a car, drive it for almost a year, and then sell the car at the same price you bought it for? i can understand a few months maybe, but i swear i've heard him say something like that for 10 month older car.

    • @KRYFORME
      @KRYFORME 4 года назад

      If you get a good deal on a car you shouldn’t lose too much money in a one year period but you may have to put some money with the rest of your sell price from the car , for example you buy a $10k Ford Focus and it’s worth $12k when you bought it , 50,000 miles and a year later it’ll be worth $8,000 so you sell it and put $2,000 with it and buy another $12,000 car for $10,000. When Dave says buy a car he means from a private seller because you can get better deals that way and you can sell it for more that way than trade in or selling to a dealership . I bought a Corvette for $4000 less than what it was worth because the guy wanted to get rid of it Before moving to a new state . Gotta find the deals and make your money valuable.

  • @willleslie2745
    @willleslie2745 9 месяцев назад +1

    Honda or toyota only.

  • @bonohyogurt
    @bonohyogurt 5 лет назад

    So I wish I could ask DR directly but. Here goes. We have two cars paid for. A 2013 Corolla and a 1998 Volvo wagon. No problem there. The only thing is, our 3 kids (14,9,almost 2) are getting big and we almost don't fit on either car -the Volvo is a bit more comfy, but still not enough if inlaws or friends are riding with us. SO... We are discussing a minivan or a 7 seater SUV. We could either trade in the Corolla (10K) or sell the Volvo for about 2K. Thinking about a 22K used Sienna or Highlander. What would you do? Our income is pretty tight at the moment -we're gonna start renting our basement in order to stay on the black.

  • @dgman3262
    @dgman3262 2 года назад

    Sometimes you will get a lemon 🍋 Camry and/or Accord. I've had both unfortunately. I still believe that Toyota and Honda are top brands, and would buy again. Still have a Camry Hybrid, Sienna Van, and Avalon Hybrid.

  • @jonsmith3574
    @jonsmith3574 6 лет назад +88

    A Camry can go 500,000 miles easy.

    • @timl7947
      @timl7947 6 лет назад +10

      No it can't 300k tops no rebuilds

    • @JattAnmoli
      @JattAnmoli 6 лет назад +28

      Timo Hacks my 99 camry is at 439k no rebuilds.

    • @timl7947
      @timl7947 6 лет назад +4

      @@JattAnmoli send me a pic for proof

    • @JattAnmoli
      @JattAnmoli 6 лет назад +7

      Timo Hacks I can’t right now, my son took it to college 10 hours away to New York. But I’ll see if he’ll send me a pic of it’s odo. I was in NY a couple 3 weeks ago and I drove it. It’s dark red, barely accelerates and shifts rough, but it still drives. No ac or radio.

    • @timl7947
      @timl7947 6 лет назад +6

      @@JattAnmoli it's ok I believe you

  • @SeanBaker
    @SeanBaker 6 лет назад

    I paid my car off in 2014, and I shall NOT buy another one until I have to. I happened to buy this one on impluse (stupid), but it turned out well in the end. My current car only has 48K miles on it, and I put them all on starting in 09.

  • @James-id5xq
    @James-id5xq 4 года назад

    Can't go wrong with most Hondas and Toyotas.. Alternatively any Ford with the 4.6l v8 (Crown Vic, Mercury Grand Marquis, Lincoln Town Car) is very comfortable and reliable car. And any GM with the 3.8l v6 (Buick Park Avenue, Impala, Buick Century) are bulletproof cars.

  • @ericleszkowicz898
    @ericleszkowicz898 3 года назад

    Relieved he told them to take on the debt. Necessary work expense. Best to have no debt but there are times to take it on.

  • @earthsteward9
    @earthsteward9 4 года назад +6

    She and her hubby should watch Scotty Kilmer to avoid getting an Endless Money Pit. Rachets and Wrenches is another good channel

    • @GreenMohawk1987
      @GreenMohawk1987 3 года назад +2

      Scotty is the Dave of automobiles

    • @radioboys8986
      @radioboys8986 3 года назад +1

      Scotty says buy a Toyota, my car repair tec. drives a Toyota, that is what i bought

    • @MP-ef6mc
      @MP-ef6mc 3 года назад

      Toyota or Honda

  • @harrykashouli9774
    @harrykashouli9774 3 года назад +3

    "Haha, I'm calling Dave, I'm laughing, and I'm using buzzwords from his books and show like fleece. Haha, lol, my life sucks!" xD

  • @biskit7
    @biskit7 6 лет назад +36

    toyota camry,, the greatest car in the world, for commuting...

    • @salamanderz5847
      @salamanderz5847 4 года назад +1

      Word, great car 🙌

    • @LamontBoucherville
      @LamontBoucherville 4 года назад

      Yeah NO. Japanese cars are no good

    • @tigerrx7
      @tigerrx7 4 года назад +7

      Lamont Boucherville says the guy who keeps getting leased Fords and GMs

    • @LamontBoucherville
      @LamontBoucherville 4 года назад

      @@tigerrx7 only jeep Chrysler or dodge with me

    • @OopsFailedArt
      @OopsFailedArt 4 года назад +7

      @@LamontBoucherville haha hope that's sarcasm! I'm sure mechanics would love you though

  • @EvilKaNegro
    @EvilKaNegro 4 года назад

    My 2009 Acura MDX at 200,000 is tool running fine. Replace that timing belt every 100k and you will be golden.

  • @sasukesuite1
    @sasukesuite1 4 года назад +2

    4:32 that rare moment

  • @markbenoit
    @markbenoit 5 лет назад

    People are very unrealistic about comparing maintenance cost on a used car to depreciation of a new car, repairs/ Maintenance are not all that expensive.

  • @daytonwintle6051
    @daytonwintle6051 4 года назад +1

    I would recommend a VW jetta tdi. 50 mpg and very reliable

    • @MP-ef6mc
      @MP-ef6mc 3 года назад

      Actual mileage, 38 mpg 😬🤣😂

  • @KMRbaltimoreravens5
    @KMRbaltimoreravens5 6 лет назад

    What Dave doesn’t talk about is the opportunity cost to buying a car with cash. If you fork over 20k for a cash a buy it straight up that’s 20k that you can invest to generate more money for you. So In the long run assuming you get a great deal for your lease, leasing will leave you with more money.

    • @bob15479
      @bob15479 6 лет назад +2

      Yeah but listen to this lady. We're talking about a person who's in so much debt they have to have a "debt snowball". I'm very doubtful she's going to be able to 1) get a car loan with low interest 2) have the investing skills to beat that interest rate.

  • @JosephDunegan
    @JosephDunegan 6 лет назад

    OK feel free to chime in! I started driving for Uber 6 months ago. As you can Imagine, I put about 40K miles a year according to my mileage tracking. I have a 2003 Toyota Avalon, a great car. Here is my dilemma. I am very limited to what I can drive because of the age of the car. In fact, I can't even drive for Lyft because of their age requirement of a car. I can only drive Uber X and Eats. I have recently signed on with Favor as well. What I would like to do is buy a pre-owned luxury sedan which will enable me to drive Uber X/Select and Lyft/Premier/Lux. I also do private rides and work about 6 hours a week for a friend's swimming pool company at $25/hour. I'm tapped out on hours per week I can work. I'm 56 years old and just can't move as fast or work as many hours as I used to. In the end, I work about 59-60 hours per week most weeks.
    Here is what I'd like to do. I want to buy a luxury sedan. I'm thinking something like a 2015 Jaguar XF. The cost will be anywhere from $19k - 22K. I believe I can get my payment financed over 4 years at about $550 per month. However, because of the expanded income variables, being able to drive for higher paying rides and more ways to get them, I believe I can make at least $1500 per week. Right now, my average weekly pay is about $600 per week. I'm barely surviving financially. But doing the math, $550 per month payment to make $6000 per month isn't a bad idea. It will allow me to save money for repairs down the road, and have money left over at the end of the month instead of the other way around.

  • @Mr.T314
    @Mr.T314 Год назад +1

    This actually sounds like a good idea. They should have a mechanic inspect the car before they buy it.

  • @BryceLovesTech
    @BryceLovesTech 6 лет назад +2

    He needs a four-cylinder Camry. You can probably put 300,000 miles on that car without going in the shop. And because everyone wants trucks the dealers are practically giving them away

    • @raydavies6236
      @raydavies6236 5 лет назад

      Yeah, he can practically make money driving that with the 55 cents a mile tax deduction.

  • @realblackbetty2204
    @realblackbetty2204 5 лет назад +1

    10000 a year? Why not buy a new civic for 18,000 and it’ll take the beating and you won’t need to lose money each year selling your 10,000 car.
    Am I missing something?

  • @michaelmarquez6133
    @michaelmarquez6133 5 лет назад +2

    One of the rare moments Dave will agree to a car payment wow!

    • @pep590
      @pep590 4 года назад

      Cause they ALREADY HAVE A CAR PAYMENT and have no cash. The dude has to work.

  • @aliendroneservices6621
    @aliendroneservices6621 4 года назад +2

    3:46 "That's usually an $8-10k car."
    No. It's a brand-new $25k Prius. Driving is expensive. Using a $10k car for a 50k miles per year job won't change that.

    • @SuperDannyrulez
      @SuperDannyrulez 3 года назад

      Buying any new car is pretty pointless as you're going to lose value right when its driven off the lot and then a lot of value after the first few years. Whereas if you buy used you can dodge the biggest hits. I think new cars should only be for people with money to burn.

  • @bob15479
    @bob15479 6 лет назад

    honestly if you're willing to put up with a *little* bit of trouble here and there, you can save SO MUCH MONEY by buying a 90's civic with about 100-150k miles.

  • @JoshuaFrick3
    @JoshuaFrick3 5 лет назад

    FYI, if you drive for Uber, you will put on 175-200+ miles per 8 hour shift. Essentially, Uber is the absolute fastest way to put miles on a vehicle. If you drive Uber full time, it’s not unreasonable to put 100,000 miles on a vehicle in a year’s time.

  • @rachelroelands9928
    @rachelroelands9928 4 года назад +3

    Dave Ramsey said they can get a car loan?! I'm in shock

    • @pep590
      @pep590 4 года назад +1

      Cause you misunderstand as the dude loses his job and they have no money with no car. If people have a loan, he doesn't tell them every time to sell the car and save up cash. You no understand. Replacing existing debt with the amount of debt given the need for a car is needed and they were already in 8000 of existing debt. He's just taking the accident out of the equation and ensuring she doesn't go deeper in debt then before the accident.

  • @mikezerker6925
    @mikezerker6925 3 года назад +1

    Spend $10k each year on a car? That’s stupid! Buy a used Honda or Toyota for around 10k once and keep it for 10 yrs with proper maintenance

  • @chrispalka7511
    @chrispalka7511 4 года назад

    Have to consider sales tax though... Sales tax on a $10,000 car in my home State of Washington is ALOT

  • @dogan6070
    @dogan6070 4 года назад +1

    What's wrong with a 1500 Honda Civic. It drive for ever.

  • @poppingt4gs
    @poppingt4gs 3 года назад

    Scion Xb has plenty of life and surprising amount of room for its size

  • @cop2506
    @cop2506 3 года назад

    She did not leas the car, she financed it. There is a difference between a lease, and a finance. A lease is typically for brand new cars and it lasts between two and three years. Sometimes less. It sounds like she financed the car, a 2003 Nissan Marano doesn’t get least in 2018.

  • @digdeepertv7388
    @digdeepertv7388 6 лет назад +31

    how do you lease a 2003 nissan crossover??

    • @Genjoi236
      @Genjoi236 6 лет назад +8

      Dig Deeper TV for $424 a month and was putting 50k miles a year on it. Doesn’t add up.

    • @digdeepertv7388
      @digdeepertv7388 6 лет назад +1

      I don't see how dave deciphers some of the things his callers hit him with lol

    • @Dr.No7
      @Dr.No7 6 лет назад +1

      Drive time auto

    • @TheSolder777
      @TheSolder777 6 лет назад +2

      well in germany there are companies who could help with that. i guess you're paying for the rest of the depreciation

    • @nslouka90
      @nslouka90 4 года назад

      You can lease just about anything, especially Nissan.

  • @henrypacheco9048
    @henrypacheco9048 4 года назад +3

    How is she putting all those miles on a lease?? Was she planning on rolling back the miles at the end??

  • @noahelliott2949
    @noahelliott2949 6 лет назад +2

    You can buy a used Japanese manufactured car and put over 300,000 miles on it easy. Doesn't have to be expensive.

    • @Dragon228833
      @Dragon228833 4 года назад

      Noah Elliott not a Nissan or Subaru

  • @normacordova3241
    @normacordova3241 3 года назад +2

    Should’ve bought 2 cheap cars so when one breaks use the other one

  • @SalisburySnake
    @SalisburySnake 4 года назад

    I don't agree with Dave that swapping cars every year is a good idea. First of all, the tax on a $10,000 car is $625 where I live, and probably much more in other states. Second, I just bought an $11,000 BMW with 65k miles on it. It would be stupid to sell it next year with 85k. It can easily go 5 or more years before becoming a maintenance problem, and a $10,000 Japanese car could do a lot more than that.

  • @Bigdaddy13568
    @Bigdaddy13568 6 лет назад +3

    Buy what you can afford. Only live once

    • @sasyaharry4046
      @sasyaharry4046 6 лет назад +2

      Contradicting yourself. ‘Buy what you can afford’ and ‘you only live once’ cannot go in the same sentence and make sense.

  • @mrperu007
    @mrperu007 6 лет назад

    Im a car guy, I've owned 5 priuses since 2010, i drive about 80k miles a year. My latest prius is a 07 with 403 thousand miles, never gave me a problem. I would recommend a 05, 06, 07 prius with 80 to 100k miles. That would cost about 4 to 5 thousand.

    • @chadhaire1711
      @chadhaire1711 6 лет назад

      stupid advice....that battery will die at 100K and cost $3,000 to fix. A Yaris gets same mileage on the highway and a used one will cost $5K and last longer.

    • @mrperu007
      @mrperu007 6 лет назад +2

      chad haire not stupid, you can buy a reconditioned battery for 600 and 250 to install. Or 1200.00 for 100k miles with installation included. Don't talk unless you know.

    • @mrperu007
      @mrperu007 6 лет назад +1

      Where did you get that info? 100k the battery will die? Lol

    • @chadhaire1711
      @chadhaire1711 6 лет назад

      "reconditioned" battery... LOL....yeah that will last a while......or you could buy a Toyota Yaris iA for HALF what a Prius costs that gets 42 mpg on the highway--same as the Prius.......... and at 100,000 miles will still be running fine....and it takes 100,000 miles of driving on a Prius to break even on the hybrid costs vs fuel savings, so if you spend $1,000 on a used battery at the 100,000 mile mark you are in the red again....no real savings pal. DO THE MATH. Hybrid cars have the "Feel Good" factor but they are NOT economical to operate overall compared to an economy non-hybriid car......... unless you are running a taxi fleet at 200,000 a year..then you just might save a few bucks......

    • @mrperu007
      @mrperu007 6 лет назад +1

      chad haire
      Looks like the yaris is for you, ive owned 5 priuses all of them had 350k miles, no engine/trans or battery issue. Low maintenance on the cvt transmission. Im talking out of experience. Yaris is a good choice as well, i could care less about 7 mpg difference. But you called my advice stupid... you can Argue with someone else, i got other things to do. Later