I used to be a car dealer. Dave’s advice is spot on.

Dave at the his best over here. None of the other hosts could have given an answer like that

“You is what’s known as confused” I love it😂😂

Their whole business model is. Sell desperate people a car at a way overinflated price with a way overinflated interest rate. If they do pay everything amazing! If not, this is to be expected and we will wait for them to either turn the car in, or we come and get it and sue them for the difference. We can't usually get 100%, but we can usually get 50% or more which is an awesome profit. Plus we get the car back and we can do the process again with the same vehicle.

She probably didn't need $3k worth of work to begin with on the original vehicle. Sad.

I've got a similar deal only with a dealership, Capone loan! Had a Honda crv Fully loaded, yes a payment but cheaper cheaper than I have now. It needed about 3500 in repair and so instead of getting a small loan I traded in for a smaller car, paid off the Honda ( dealership did that) and got stuck with a piece of poop, I did purchase warranty, but they can't ever get it in to fix . So, paying about 10k to much at 500 a month, 20k loan that's only went down to 19800! And want out of this.. it's value is only about 10k to 12k 😢 plus I live paycheck to paycheck and a widow!

Dave went into the way the world works here. It was the correct advice. Being nice with a tote-the-note place would have been a disaster.

Had a 5yr car loan, just paid it off in 18 months couple of weeks ago,,what a relief!!

being a mechanic sure is satisfying

I was in this situation they sold me a complete lemon this was about 18 years ago I had to get a lawyer ….

Most buy here pay here car stores don't report to creditors.Go give it back to them.

"If you need to rent your washer and dryer you don't need to buy a washer and dryer. Period." You tell em, Uncle Dave 😜

Years ago My husband and I bought a buy here pay here car. I guess we were fortunate. Paid it off in 2 1/2 yrs. Never had any major issues with it. Now we just pay cash for our cars.

The pause at the beginning is priceless

Some of these “buy here-pay here” dealerships don’t even report to the credit bureau …so she could let them take the car and not worry having it affect her credit.

"If ur watching TV & ur investment is n same place as a snuggie n walk n tub, u probably don't have a good investment. Uncle Dave's hilarious closings 🤣

Great Advice.

There are predatory businesses and that is terrible but people need to keep their eyes wide open and take personal responsibility for their decisions. Payday loans, tote the note, rent to own, title loans, timeshare, pawnshops, and repair shops are places that should put you on very high alert. You should avoid most of those places at all costs except you do have to deal with repairs. Shopping at a pawn shop might be ok, but I just get a negative vibe knowing that desperate people were probably taken advantage of to give me the "bargain" that usually isn't much of a bargain.

Great information I have never heard of tote the note.

Dave is spot on! I know people that own the used car lots. It's in the business layout to actually re-posses the car and have the buyer give you a few thousand dollars to make the problem go away and then the dealership can resell the car to the next person. Everything should work out for this woman.

I need to call him. I love the straightforwardness.

I love how Dave argues with people

Dr John is such a yes man !

Dave ain’t tell no lies 😂😂😂

This is the first time I've ever heard Mr. Ramsey recommend that somebody get a loan. Had to stop what I was doing for a minute....

She won't be able to get a personal loan I doubt if she was resorting to a buy here pay here lot for a car.

Love the silence the first 5sec. 😂

Landmark clip for me. First time I’ve heard Dave recommend taking out a loan.

The problem with the car buying is that it makes you believe that you are steeping into owing something very special..... Almost 80% of people become blind eye when step into the dealership... Its like get done with the all the formalities of signing, explanation, financing etc just to get that new car smell feeling on the first day.... And top of that if car dealership makes you wait for a week to get hold of that new car , you are basically just dreaming about having a car....it makes you impatient, emotional and happy to great extent.... But the financial disastrous decision comes only after 2 months when you get bored of all the features you got excited about in the first place..... New Car buying is extreme dangerous for your mental health being if you are not making enough money

...silence..."she's screwed"...lolll...BHPH is the car equivalent of payday loans..

If her brother ever shows up and does what Dave said. The very first thing I’d ask him is, where were you when she needed a co-signer? Where were you when she needed the help, before this happened?

Great advice

We are over estimating this, that car probably only Needs $500 in work, shop around and make sure she's not getting ripped off. Because all we is the car to run and be safe on the road.

The only difference is I would NOT give them the 2k I would just give them the car take the 2k and add it to the purchase of the new car

Would love to see hidden camera video of Dave actually talking this way to a crooked car lot. Easy to say, not so easy to do.

Some people should really not do any car deals till someone else approves it for them...what a mess.

If you ever buy a used car get a pre-purchase inspection

First time I've ever heard Dave telling someone to get a loan

There is a good chance that the car lot doesn't report to the agencies anyway. I would just take the car back and keep my $2K. Just MY opinion. NOT financial advice..

I’d be making a deal with the dealer before getting a loan. What if they say no we won’t take the car back

I talked with someone once whose strategy for self employment was to take pictures of her child's sports team and print calendars of them to sell to other parents - with a camera and computer from a rent-to-own store. *sigh*

By here pay here don’t report to the credit bureau

Toss the keys through the window and keep walking are things that bad in America? Lol tote the note. Lol love the saying the advice he’s giving is true 👏🏾👍🏽

Yea credit union got low interest. But any creditor will settle with a cash offer as long as it’s not lower than the original amount given because a lot of people leave these creditors hanging that’s why they spend so much money on people calling you and trying to find you saves the money for you to settle

Currently in this exact situation except we went to a very reputable dealer… 😭

Take out full coverage & park in ghetto.

Owing more money on a car than it’s worth in today’s environment shows how dumb people are.

Oh yea, happens often. American Car Center in Lexington KY. I fell into the trap. I got out financially within 6 months.

This is exactly why it's best to buy a new car. Even if you have to take out a loan, at least you have a reliable car.

What if I got ripped from a well known scam dealership? I didn’t know until 3 months gone by after bought the car from that the dealership was all fake even the reviews and car prices. My car as they claimed that is worth 18k which actually it worth only 14-15k then I paid 3k down payment, after that they added bunch of unnecessary add ons which make my loan goes up to 24k. I want to get rid of the car by just pulling to their parking lot and leave the key to them. What are the consequences will I face if I do that ? Cause I have already got a loan from the credit union for 24k. Is there any chance that I don’t have to pay the $6,000 gap ?

is there an update, for how this turned out?

I wouldn’t give the 2000. It was a lemon and car dealership knew it, they don’t want to go to court and create bad business

As soon as you drive off a new car from the dealership lot, it’s worth 10% less than what you paid. As for still owning money on a car and taking another loan for another car is double bad.

I knew a dealer once, the down payment covered the cost of the car that he spent.

Dave didn't say, "better than I deserve" when the caller asked how he's doing. 😮

I paid off all my toupees and I sent dave one.

Hope that sister of his doesn't tell him to stop "mansplaining" to her when they're at that crooked dealership.

If you have gap insurance you could cartwheel it off an overpass. I certainly don't recommend it. But outside of that there's no way to get her out of this financially.

Andrew from LA to Indiana and his wife is in Texas

If the buy here pay here doesn't report to credit bureaus take the car back drop off the car and leave.

Don't pay the buy here pay here dealer, let them take the car back, go buy a 150cc scooter and you will never have a car payment again

Capital one lives ex prisoners y'all. Then when they can't pay the card bill they tac on late fees and before you know it---- you owe more than actual charges on items you purhaced

If she was able to get a personal loan, she would have never been in this situation.

Lemon law

Sell the kids

His sister needs to call dave.

And you can open carry in Texas

Buy here pay here Lots are car loan sharks

Thats the same situation im in but only with a 2020 civic that at the time i bought for 26k BASE MODEL now its only worth about 16-18k😒 I HATE THIS CAR!! IT IS VERY RELIABLE BUT ITS JUST NOT WHAT I WANT. I DIDNT EVEN KNOW IT WAS FRONT WHEEL DRIVE TILL AFTER I BOUGHT IT

Easy. Depending on what is wrong with the car get it fixed. Then Subto the car note to someone else with down that will cover what you paid to fix, charge interest, charge more for the car. Boom!

Wonder what part of Texas? I am a Texan and these lots are on every corner...rule of thumb: Just keep driving. These guys are loan sharks and crooks.

No way a credit union is giving her 5k unsecured. If she’s at BHPH she’s rock bottom

Unless the BHPH dealer sold a lemon car they are not crooks IMO. They facilitate high risk lending and in order to make that worth it those loans are high interest.

Park it downtown Overnight with the windows shut down.

When you buy a vehicle you need to pay it off before buying another vehicle

SURRRRRRE he's calling for his sister.

What credit union is going to give her a loan? And “that“ is the only kind of place that will sell her a car. They are not the bad guys, their rates are so high because their customers are very unreliable.

Burn it

How can I get on this show?

You people need bigger down payments or get a Mazda. I never owed more than it's worth.

They have high rates because they work with people who can’t pay . Hence his sister. I’m sure they never want to see her again since she can’t pay. “Christian “ Dave call them bad when she stiffs them . Bible says pay your debts. Maybe you should read it sometime

I knew a guy in same position who had and excavator dig a hole and put car into hole and covered it up with dirt. To.d insurance it was stolen.

Ah, a minimum payment gal, not a keeper.

4:30, sure thing tough guy. Let me know how that works out for you.

I remember the part of the Bible where God said, "intimidate those who intimidate you!" Be careful who you listen to, those who choose when their core beliefs are convenient are two sided.

Yes, historically, car dealers treat single women & widows like 'carp'. But they are idiots for doing that because (as an example) at end of 2017 there were 11 MILLION widows in the US alone. Get a brain business owners, help widows and watch your business increase substantially...plus you'll have a customer for life AND women love to share with other women about where they are treated kindly... GET THE PICTURE?

how to get out of a lease? please help

You gotta sell and pay the difference between what you get and the loan balance

People are completely stupid

She should just drive it down the river bank and collect the insurance money.

Reality Check: Don't buy a $10k car (even one that is truly worth $10k) unless you are prepared to put several thousand dollars into repairs and maintenance. There are no bargains. If you don't want to have any big maintenance or repair bills for a few years, you have to buy new. Generally speaking, the lower the cost of a used car, the older it will be with higher mileage. With age and mileage comes repair bills.

Take it to Moxie Auto Sales. Dump that clunker and drive away in a newer car today!!

Debt reduced to Zero Dollar 📌 ⬆️👆⬆️👆⬆️👆⬆️👆

😎✌👍👌🖖🤓

Well, if she looks decent, she can start selling her assets.

Where are Dave’s principles? I think he’s the crook for not advising her to keep her word..she promised to pay that and signed agreeing to it but he’s telling her to not keep her word. Where are your values Dave? Where are your Christian principles? Repulsive

Clowns everywhere