No car payments are a BLESSING 🙌

I drove a 1996 Corolla for 300k miles. It still ran well when I saved up for a "new to me" car. I bought a Lexus IS350 with 120k miles for $7,500 precovid. Donated the Corolla to an organization and still see it around town. I spoke to the new owner and it's at 360k miles now. 😱

Car payments are the biggest trap there is. Just drive below your means!

The best part of having an older car with a lot of miles is the thrill of never knowing when it is going to leave you stranded.

the principles and ideas expressed here are spot on, unfortunately, these 5k cars that you can drive into the ground simply don't exist anymore. 2012 civics and corollas go for 12-15k in my area.

I was in this predicament. My father told me: Save up for it in lieu of a loan. The difference is interest. Delay your gratification.

This is a joke. A 5000 dollar car is gonna bleed him in repairs. There would be nothing wrong with buying a 10000 dollars car and financing half and paying it off quickly. It's the idiots that finance 80000 cars that's the problem.

Bought a new tacoma in 2002 for 18000 out the door, even after some minor repairs it cost me 1000 a year. Still driving it after 20 years, runs great. If you keep your cars a long time, why gamble on something someone else wanted to get rid of.

Buying a dream car without any debt is a blessing

Just get a used Lexus from late 2000 / early 2010. They are so reliable that all you need to spend on it is just gas, insurance and regular maintenance like old change, tune up, etc, and not surprise costs of fixing any mechanical issues. My 08 GS 350 works wonder even till this day. Just get one above 100K miles, they will usually cost less then $10K because of the high-mileage-depreciates-value rule, but for a Lexus, high mileage is nothing if well kept. Bring a mechanic if you don't know what you are looking at or don't if you know what you are doing. If high mileage but everything works and selling for less then $10K, you should be good to go

Not having a car seems like an emergency. So why can't he use some of his emergency fund. Especially if he isn't able to save up for the full amount of a car before he has to give it back.

Some people have to bite the bullet and get a car payment. It's then a matter of getting a car that is easy to maintain and reliable. Sure it would be great to buy a car with cash but with the price of used cars being so awful right now you might as well pay a little extra and get a new car with a warrantee and lower miles.

Ramsey and his people keep preaching to buy used hoopties, but if you call about a car that is to expensive to repair they tell you to sell it and buy another one, do they really not see the stupidity of their advice? Someone is buying the car they just told someone else to get rid of.

I used to drive a 97' Acura til I got rear ended, now I drive a 2004 Honda Accord with less than 90k miles. I love it, its so reliable. One day ill have my dream car 💯

I haven't had a car payment in many years. I can't imagine having one

If he has to use some money from his emergency fund to buy a car in cash then do that. Begin saving right now so you don't have to use all the money from the emergency fund and begin looking for another vehicle right now so you have options and don't buy a piece of junk

George is not a car guy

Honestly with low interest rates on new cars..payments can make sense instead of keep buying junk that you gotta put money into that's not reliable to leave you stranded

Simple - with cash. My son did it. I've done it three times. Save up and buy a two to four year old car.

I have 15 year old car but still runs great and good mileage. I have Toyota Prius car.

This segment relates to me.. on whether to buy a finance car or use 3K off my emergency fund to it (U.K.)

Nah say YOLO and lease a 2021 Bentley

Save up the money and buy a car?

In the mean time, don’t get married

Buying a 5000$ Honda or toyota today is gonna be a 220k+ mileage and 10+ year old. Good luck with rebuilding the entire car from “as is”

The Ramsey team is not good at giving used car buying advise. This is the largest purchase the caller has ever made. If it goes wrong, it can be their biggest continuing expense. They have no experience and no expertise. I have been buying used cars since 1965. You are not buying just a car, your are buying the previous owner's habits. The holy grail of a used car purchase is from the long term owner with maintenance records. It never happens. If its traded in with records they are thrown away. How do you judge a used car? You don't. You get a PRE purchase inspection. Not just mechanical; but body work also. Just drop by a body shop and ask. Do you think was previously wrecked? Bodymen love to point out previous bad repairs. Have them check for rust. Unless you are buying a very late model car from a franchised new car dealer' "Certification" means nothing. My wife's nephew bought a car from one of the largest national used car chains. It was certified as meeting their standards. When he wrecked it, the previous poor body repair almost totalled the car. Don't become frustrated if your dream car fails the PRE purchase inspection. count your lucky stars, that you aren't paying $150 an hour or more to fix existing problems.

If you really have to, you can buy used car with less than a year monthly payment.. even dave agreed with this

Does the niece even know that's to be her car? The conversation might've just been between the caller & his sister. Niece mightn't think it's a win win situation when she finds out, lol.

Save money and pay for it... not a difficult thing to do

I'm still dumbfounded how people can rationalize paying interest on a depreciating asset.

We finally flipped the script in our family! Saving for our next car after paying off the cars fast. Now not having a car payment feels amazing! And with new technology cars can go 300k miles.

George feels like Ramsey sitting in his chair

Find out what your yearly income is, then whatever 10% of that is, is the car that you can actually afford. If you really have to, 15%-20%.

Well and good if nothing else comes up

I've been debt free since February of 2020. Home is paid for I have $25K emergency fund...I would love to buy myself a 4runner 2-3 years old I have the cash but i am debating investing it or buying a 4runner 🤷‍♂️... I drive a 215k mile Acura tsx.. I am torn now. 🤷‍♂️ don't know what I should do...

Nothing's that's not predictable on this segment at all don't got any money don't buy a car don't go in debt which I do believe in

Pay with parent pay method

Uh, Pay cash?

You have to ask George you should know if you need extra work sit down do a budget

With cash, I can answer the question without even watching the video

I love car payments and debt!!!!!!!!!!!!!!!!!

You usually just save up the money, take it to the dealership, and pay cash.

I've bought a Toyota RAV4 2022 XLE 💼💵...

Buy cash 💸

Hundai are pretty good

yeah girls can talk too bro

Just seeing the title but maybe save up money until you can buy car?

This new co-host is a dime

Pay cash. Problem solved.

Can he offer to buy the car? He did put $2K into it already.

George has got it all wrong. Start saving a few grand for the car now, then beef up the emergency fund

How do the dollar amounts eg. Emergency fund, etc, translate into other currencies? I'm South African and want to follow the Baby Steps.

He needs at least $10000 for a decent car. There is no $5000 cars. I would pause everything and just stack money. And spend a little extra on the car and go back to saving

buy used in full cash

George obviously has a crush on Cristina. 🤣

Do people not really understand paying with cash?

take the bus

Baby step 4,5,&6: I won't ever have a car note but I will NEVER EVER buy a used car ever again. Worst experience of my debt free life. Biggest regret so far on my baby step journey.

If you have car debt …. You don’t own a car.

You can also buy a motorcycle for daily routine rides. And use Uber for grocery runs

L0l this has to be satire

🙏✝️

Buying a car is not wise under any circumstances

You do not need cash. But just one that you can afford.

Car payments themselves don’t matter. Spending too much of your money on cars that go down in value does matter a whole lot. I’m surprised this guy can save up $12-15000 in 5-6 months, but since he can he can just go ahead and go for it. He only needs $5k tops in his emergency fund, he can just save up for the car, buy something decent, and start investing.

He will never save enough to buy a car

Your videos are always the best I do receive a notification each time you post a new video!we will have regrets for things we did not participate in Cryptø. Investment should always be on any Creative man's heart for success in life and I'll advise you do little glimpse of that on your video*