"We're not calling you stupid, Debbie. The Bible did." 😂

You don’t get 24 points on your license for simple speeding. He was either on his 10th ticket or going 100 mph and ran.

Proverbs 17:18 NIV for those that want to know: "One who has no sense shakes hands in pledge and puts up security for a neighbor."

You don't just "lose your license". He has a serious history of speeding and.or other driving infractions.

Jade makes a good point about cosigning. The person needs a cosigner because the bank doesn't think they are able to pay!

I assume that there must have been more than one speeding ticket on the interstate to lose his license????

24 points 😂 that boy’ was in a RUSH for that piece of a## !

One of the most annoying scenarios I deal with in my business: Stupid parents who buy their kids new cars.

21yo with girlfriend who lives far and has a new car that can go fast. What could go wrong?

Why are so many parents coddling their offspring into their 20s? Let them grow up and make their own way, otherwise they are never going to grow up. Parents have got to stop enabling childlike behavior in their adult children.

Good advice from wise women. We were all young and dumb, but it is best if our parents do not support any more bad choices.

My buddy got a 5.0 mustang in High School and totaled it. Another got a v8 F150 and totaled it. Get your kid a slow reliable old car. No Turbos.

The answer to all car issues is a 94 Toyota Celica. Like if you get the joke!

We bought our kids' first cars with cash. We gave them some money towards their second cars. My daughter still drives that car, while my son replaced his with a car bought with cash.

Buying a turbo car for a young male is stupid. No wonder the transmission went out, he drove it like a maniac. He needs to be in a used Corolla and pay for it himself, if he ever grows up.

What I think should be done with your kids is either give them a fixed, small budget(5-6 grand) for their first car and allow them to do their own research or match whatever money they put in for a first car. This obviously involves some level of self sufficiency and good communication, but it makes sure the kids have respect for the vehicle and they’ve done their research about the car itself. Just offer them a bit of guidance like they have to get a pre purchase inspection by a mechanic and they have to look up online the common mechanical issues before they buy a car.

My parents did it for my brother and it bit them cuz he stopped paying. To be somewhat fair, my parents taught and told us squat about money.

A good hard life lesson that Jim will remember for the rest of his life.

I didn't buy any of my kids cars and I didn't pay for cell phones either. You want to have adult things you get you a job and you do what adults do, Pay your Bills

My sons first vehicle I said whatever amount he saved I would match…gave him a feeling of pride,and he is invested too hopefully more careful aware.

I don’t know why people don’t do this, but more people need to look into 2000-2010 used American cars. It was a period where most cars were really reliable(except the Cadillacs) and they can be had in good shape for $2-6 grand. Things like the Mercury sable or any of those panther platform sedans or old Buicks are awesome and driven/maintained by mostly old men.

This lady really needed Dave on this call. Rachel and Jade too scattered and skipping over things

If they private sale instead of sell it to the dealership they can probably get 12-13k for the car, then she only needs a 2-3k loan.

If Jim has a good job as Mom described he can ride a push bike to work until he can afford a car. At 21 it’s time to man up or he’s going to be running to you for the rest of his life

Never co-sign a loan

If he can’t afford a car. Ride a bike

We need the Debbie and Jim’s of the world! Otherwise we would lose pawn shops, lotto, small business dealerships, probation officer job demand would decline, Philip Morris and Pepsi Co would be out of business. The list could go on.

My opinion: never co-sign for anything - for any reason. You are taking on someone else's debt and there is a reason they can't get it by themselves. Just don't do it.

Really dumb I will just sell it and make him pay the $5k loan and never do anything big for him again .

I co-signed for my son too. They also put the title in my name. We were taking FPU and the week after I co-signed the loan ww saw the video on Don’t ever co-sign for anyone! 🤦‍♀️

This is a beautiful episode of the ramsey show😍

The only reason a bank requires a co signer is they don’t believe the loanee can pay the loan back. If the bank doesn’t believe it, why should you?

Never cosign unless you can afford to pay it yourself. Your son is an adult - he can fend for himself.

I remember my parents wanted to cosign on a car loan for me if i couldnt get approved on my own, i was immediately against that not only because i didnt want their help but if i went and did some dumb stuff in it i didnt want them to be able to take the keys from me lol

I’m confused…if you lose your license, why do you need a car? Sell it.

How bad of a driver do you need to be to lose your license on one trip without a dui

LOVEEEEEEEE these two together! So awesome to see young women doing this show together!🎊🎉

How in the world did she not know she co-signed on a car, and did her son really lose his license for speeding? The son's stories stink.

Rebuilt trans for that car should be around $4k installed. If the dealer quoted $9k, that was probably for replacement with a new transmission. At any rate, if you decide to pay $9k, make SURE you're getting a "factory new" transmission. Fancy sports cars, especially those with a turbo, are usually expensive to maintain. Especially, with a young male driver, (they tend to push it pretty hard).

Sell more snacks little Debbie lol

Do not co-sign.

24 points, he is a loser! sometimes as a parent you have to realize that.

This was good advice but I do have a question: how did the dealer get mom on the loan without her knowledge or signature? That is fraud right?

My daughters are getting 20 year old Toyotas. A hooptie should be a right of passage!

My mom cosign for my new car before I filed bankruptcy in 2020. 3 yrs later never once was late and been dealing with cash ever since. Let's pray I make the last 2 remaining years with no issue 🙏🏽

He should have been driving a 10+ year old car that was purchased for less than $5K. But, that particular car model is in fact highly sought after. They can sell it for $15K and wipe the slate clean. The son needs to purchase his own used car after he gets his license back and take care of himself. The veloster comes with a 100K powertrain warranty. Just sell it, might even make money and then let him take some responsibility. This mom needs to step away for this.

The dude got a DUI lol. You don't lose your license for speeding. Why do people have to lie?

Been there done that 😂😂😂

Everyone I know that has one of those cars has had transmission problems

Gasp! Did she just tell someone to get a loan?😯

Our sons had to pay for their car if they wanted to drive. We paid for their insurance until they finished college. They both had enough so they learned to drive on their car and were much more responsible drivers because they were never allowed to drive our cars.

....sounds like being married to a Millennial spouse.

If he cannot afford the car, why would you buy it for him?

i was that son at one point, not with 24 points mind you, but i had a cosigner and i missed payments because i didn't understand money at the time. ended up doing the same thing, selling the car and got a cheap 04 hyundai that i paid in full

hmmm speeding tickets and transmission went on a brand new car...guranteee this kid was abusing that poor car

9k for a transmission? Good thing nobody wants a manual anymore, that’d be like 3k max

Love the green smile top. Where did you get it?

Good sharing 🤗💗🥰

I'd sell the car and call the loss "stupid tax". And tell my son it is time to grow up.

That's why I only drive the Bugatti that others (non- family) cosign for then it's catch Me when you can and believe me it's fast 🤣

Great idea to match

Mama needs to cut the purse/apron strings and her son needs to grow ASAP!

How is it even legal to switch the name on the loan?

Amen. Fantastic advice from women who reverence the Lord.

When I was growing up u didn't buy 21 yr olds cars!!! You borrow your parent's car until you could buy your own

Hey Dave you think about the 30% rent based gross income rule?

Yeah....it's not "under her credit" without her knowledge. No way, no how.

Let's be clear: banks don't GIVE anyone money.. they LEND it to you for a price (interest).

Rachel lookin good in this video

Rachel’s face says it all here LOL

What does people think about national debt rate program? Is it good or bad?

I didn’t even get a brand new car until my current car and I’m 50!

The point of raising kids is to make them not dependent on you. If you cant follow that it hurts everyone, your kid the most. Please, for all of us, raise your kids

So I'm a kid early 20, and my mom co-signed for my 15000 car, I currently work a job as good as my dad's (I can pay it off in a year and a half), and my mom is an accountant. The reason why I didn't go with a cheaper car was because I did buy a 3500 car when the price was high and it broke down on me in the middle of my work week (dead dead, three mechanical minded friendsall said so), we bought that new car on that weekend and it was the cheapest they had from a good dealership. Do you think I made the right choice, or how would you evaluate this situation? (I also sent the video to my mom so that she can think about it)

Why is the Mom on the hook for 5k if her son is still living with her and if he sells the car, no longer has payments for it or the insurance? If son can still get to work, or work from home, charge him a couple hundred at least a month to repay the loan.

Son is A Winner!

Love Rachel!

Me 61. No car. He can get a City bus pass for about $75. If he lives in a metro area

Thumbnail Title!!!! Yes, Raw!

You cannot help the kids too much they will take advantage

Funny, the first car my dad bought me when I was 20, and in college, was a $500 1976 Vega. I did not ding, crash, or ruin anything on it and drove it many many times across state from University to home 300 miles each way. I eventually got a job after college, and then bought a 1986 Nissan truck, with cash, and gave the vega to my brother's stepson. So to say young people will ding and crash cars is stereotyping teens and young people. Of course this was back in 1988. So maybe I fall into the not normal. 🤷‍♀ I do agree about not co-signing, especially something that expensive. My mom did co-sign something with one of my brothers, I don't believe that worked out well for my mom. Again though that was back in teh 80s, and my brother eventually grow up and made amends with mom. But she learned a lesson for sure.

He really couldn’t scrounge up the 300 bucks a month? I would do everything before I stiffed my momma

Are you referring to the borrower is served to the lender?

At 4:33 what scripture are you paraphrasing?

We all know why Sam cosigned for Jade.

The bank doesn't give money to anyone as you said. I don't want their money either. If I don't have the money then I don't buy simple as that. It doesn't mean I'm not trustworthy as stated in this video I just rather spend cash and have done so for 14yrs now . According to the banking world I'm not trustworthy but if that's the way they want to be oh well I'll just keep using cash and if that's not good enough then oh well don't need it

Why would Jim need car insurance if he lost his license?

Too much time spent on this call 🙄

my parents let me borrow their car until i could buy my own

Good job Jade 🥴

I'm 35....Paid, and still pay cash for everything....If I don't have the money....I don't buy it...Every vehicle I've ever owned is paid cash money......Never missed rent, or electric, car insurance payments in over 17 years....Does it mean anything.....NO....Co-signing doesn't mean you can't make a payment....just means you don't have a paper trail of evidence for them to evaluate if you're responsible or not.....And yes, God does say not to put yourself in the position this lady is in....✌

On 2:26 min still sell tree car and 🏃‍♂️and keep the money unless he decides to be a good steward and change like taking peace university

✝️🙏

Aren't those trucks worth $80000 or more? Why is a kid driving a truck worth probably twice his annual income?

The Bible bwhahahahaha

Rachel lookin extra pretty

What exact piece of scripture are you referring to?

Um Jim needs to pay the deficit

Time for little Jimmy to wake up and smell the manhood. Give him 30 days to get his act together or he can go figure out life for himself.

Scotty Kilmer needs to collab with The Ramsey team I’ve been saying this for years I’ll say it again in a few months