Free cars

Why keep paying on your cars forever when you can get your cars for free the Dave Ramsey way?

Category:

Education

Tags:

• Dave
• Ramsey
• FPU
• Financial
• Peace
• University
• Free
• cars
• total
• money
• makeover

[jjbrower]

Wish my Dad would have told me this 35 years ago. Better late than never. I will make sure my kids understand this.

[positivesecret]

THANK YOU DAVE RAMSEY

[06junebug]

@jjbrower....Just a note about buying a new vehicle. After purchase, as soon as you drive the vehicle off the dealers lot you've just lost $1000.00. Buy a car at least one year old. On the other hand, buying a new car makes it a one owner, you know it's history about maintenance and flaws, and it sells better to consumers if no one but you owned it. Always get a vehicle history report on used vehicles or have a mechanic check it out.

[06junebug]

Con't.....Oops! Ran out of space. With my inheiritance money I paid $11000.00 cash for a 99 chevy convertible. Kept it a few years and had to sell it due to the recession. The dealer gave me $4600.00 for it. See how much it depreciated? I bought another car for $2,600.00 with the money and it lasted 7 years! I just recently bought a 2002 Toyota Solara and paid $6,693.00 cash. This is my current vehicle. Never make payments!

[06junebug]

Excellent video as far as paying cash for a car. For example...years ago I payed $11,000.00 for a Toyota Celica that I financed over a 5-year period. It was my first brand new car. The sticker price was $13,000.00 and I knocked them down to $11,000.00. Most dealers expect to come down a few thousand off sticker. Anyway, I ended up paying $15,000.00 total by the end of the loan term. Seven years ago I had inheritance money and decided I would never have payments again...so I paid $11,000.00 ca

[thenewsun56]

yah? i thout he says that the car losses its value !, wouldent that mens that the $6000 car would be like $3,4000 after 10 months?

[dan99045]

so you can sell your $6000 car for $6000 10 months later? am I missing something?

[careylehmann]

The only thing wrong with his last statement of letting your money work for you is with inflation you are almost back where you started. The value of the dollar just blows folks. All around a good video though.

[U4IKCRYSYS]

Paying cash will ALWAYS be better than financing a depreciating asset. People need to understand what they are signing up for. People are financing cars like this because they want a high quality of life, or so they think. The psychology MUST change for people to accept driving used cars for the rest of their lives, and buying less and less car everytime. Whats a nice car going to cost in 15 years? And what is this plan going to buy you? what level of quality in your life will you accept?

[U4IKCRYSYS]

Certainly the ideas and principles are very sound. Everything he said was true. Dave Ramsey is an excellent motivator and his financial peace books provide sound financial advice. But lets take this video for example; this guy excitedly states that you will be able to buy 17,000 dollar cars every 5 YEARS. With the average price of a new car TODAY at 26,000? Your just gradually able to buy less and less car unless you spend more from the fund, which leaves less to grow and throws it all off.