You’re a SURVIVOR my Brother- you can beat & defeat this. 🙏🏿🙌🏾

@Polo22546

18 күн бұрын

💪🏾

@BobDobbs681

18 күн бұрын

No doubt.

@jeffreywhitaker5154

17 күн бұрын

Miracle! I'm an RN and I know how rare it is for someone to get ONE organ let alone TWO!!!!!!!!!!!!!

@crazy3rdgen

17 күн бұрын

yeah ok queen

Atleast he bought a really good reliable car for a decent price. The worst is hearing calls on $90,000 American trucks and $60,000 BMW's. He could keep this Camry but needs to get it paid off.

@frequentlycynical642

16 күн бұрын

There is no "decent price" when buying a new vehicle unless you are keeping it for ten or twelve years and pay cash for it. Like my parents used to do. Buying new is a mug's game.

@evoman44

14 күн бұрын

Good point. Had he bought a German car he would be upside down on the car loan because the car would had depreciated drastically.

@marciawade9101

13 күн бұрын

But his credit score is 512. He can't AFFORD to keep it, while he and his wife only make roughly 70k between them. But, he also said that his wife JUST recently got a job at a call center from being a hair stylist, so SHE'S not making anything right now and call centers don't pay THAT much.

@reubenmorris487

10 күн бұрын

He needs to keep the Camry, yes. He needs a reliable vehicle for HIS family...not just to look good and go to the race track.

@sbs-0055

10 күн бұрын

@@frequentlycynical642I rather buy brand new if I can find one without interest than buy used with high interest

$700/month for a camry is just WILD!! House hold income 50k they aint got no business getting a car thats worth 32k

@saltysaty8686

18 күн бұрын

Its easy to fall into saying yes to a car salesman when you REALLY need a car. Never go to a car dealership when you HAVE to buy a car.

@omarilindo968

18 күн бұрын

@saltysaty8686 sorry man that aint a good excuse if you need a car look on marketplace it's simple math your income at the time was 50k the car is 32k

@19hundoc47

18 күн бұрын

You should learn grammar before giving other people a hard time

@MiahV007

18 күн бұрын

$700/month +200 for gas +250 insurance minimum. Dude is paying $1k MINIMUM per month for a Camry? Yikess

@omarilindo968

18 күн бұрын

@19hundoc47 you sound like u probably in the same situation huh driving a car you can't afford lol

People need to understand debt to income.

@zerafians8145

18 күн бұрын

its like the US needs to make it a standard class in grade school and a required course in college.

@harv612

17 күн бұрын

@@zerafians8145it’s a good thought but even then, it wouldn’t matter. Folks don’t respond to things unless they’re naturally curious or precautious, or need a reason to. I didn’t care to learn about financial things until my early 20’s. But I’m sure glad I did and that I found Dave. Saved myself a lot of trouble.

@nnyv0040

17 күн бұрын

it's the American way!

@kbanghart

16 күн бұрын

​@@zerafians8145California is 👍

@austintomkewitz3981

11 күн бұрын

You mean income to debt 😂

Honestly, I wouldn't sell the car. In most cases I think that is the right way to go, but Alan's family is broke and a reliable car when you are broke is GOLD. Instead I would get the income up and just throw it at the Camry, pay it off as fast as possible. That's way preferable to eating $5k on the Camry AND needing another $5k to buy a beater AND then putting $2k every few months into the beater for the next year or so. Just work more, pay off the Camry as fast as possible, and then keep it for at least 10 more years.

@frequentlycynical642

16 күн бұрын

Best advice here, including Dave's.

@evoman44

13 күн бұрын

I agree. Had he bought anything else that was German or American it would be best to dump it. But the Camry will last him a long time with good maintenance. He could even put it to work doing ride share or food delivery.

@anthonywilliams9415

9 күн бұрын

📠

It is easy to judge this man I won’t. We have all been there. Encouraging words go longer than blind criticism

@cljerjr31

18 күн бұрын

I don't judge him, I empathize with him . good luck fam.

@19hundoc47

18 күн бұрын

Finally a decent comment in this channel

@BK12344

18 күн бұрын

Thts a grown man with a wife, he shd Have been smarter than tht. Dont buy a car unless u can buy it in cash and it’s something u can afford.

@SantistaFighter

18 күн бұрын

@ianward8107 true, but some people are just living in a fantasy world, my step daughter (26 years old), bought a nissan maxima loaded for around $25k then bought a Dodge Charger for her new boyfriend , not sure how much she got it for but I'm certain it cost more than the maxima. She purchased both cars last year. She was working as a bartender for just a few months and the boyfriend working as a barber, they both have been out of work for months, and for the past 4 months they been living with me and my my soon to be ex-wife. My wife wants to support them and I refuse, so I am living in a month or so, I'm done supporting lazy bums.

@ianward8107

18 күн бұрын

@@SantistaFighter I understand your point. He was just doing what he thought was right at the time. He has to learn from this mistake

It’s amazing how calm these callers are. I freak out with a $100 credit card bill. Debt free and it feels amazing. Live within your means

@davidbrayshaw3529

17 күн бұрын

My car blew up shortly after I bought my first house. It was a $1500 Aud. car that was going to cost me more to repair than it was worth. I'd drained the emergency fund that I had for the house and was flat broke. I borrowed $3k to buy another used car. Every week for the next 7 or 8 months, I'd take nearly all of my pay packet out of the bank on payday, walk into the bank next door, give them $100, do the grocery shopping, pay the bills, buy some beer and go home. Whatever I had left in my wallet had to last for the week. I wasn't even thinking about saving money. Never again. Never ever again.

@JonathanIvy221

17 күн бұрын

If you’re freaking out with a $100 credit bill then I think you have bigger issues

@scootertheuce.mychannel4pe477

17 күн бұрын

​@@JonathanIvy221 😂LOL you don't get it! 😂

@LintySourball

17 күн бұрын

@@JonathanIvy221 I disagree. When living paycheck to paycheck, a $100 debt can throw your life into chaos."Take care of the pennies and the dollars will take care of themselves"

@user-eo2xr3sw9x

17 күн бұрын

@@JonathanIvy221 im DEBT FREE! What issue?

This video really spoke to me. I’m 23. Got myself in the same situation with a car at 33k. I worked for 4 months at my job (I work in hvac) and I saved every penny and my goodness it was tough. But I now owe 16k and I’m in POSITIVE equity on the car with only 14k miles. And I was able to refinance it for HALF of what my original payment was. I say this because sometimes the only way out is to push through. God is good

@XCVi_MAC

18 күн бұрын

My bros a senior hvac tech brings in 150k a year. Hates it though.

@BJRoach

18 күн бұрын

@@XCVi_MAC I live in Arizona so summers can be awful. But all in God’s plan.

@XCVi_MAC

18 күн бұрын

@@BJRoach I live in the California desert.

@getinthespace7715

18 күн бұрын

Yep. I learned really fast never to buy a new car. They depreciate too fast. I buy 2-3 years old after 30-50% depreciation. Best thing you can do is after you get it paid off keep tossing that monthly payment into a high interest savings (5%+) I drove my subaru for 10 years, saved $500/month for about 5-6 years. Makes a great extra emergency fund. Found my 2021 Ram 1500 lease return for $36k last year. Paid cash. Felt great. Saved a bunch. Original MSRP new was just under $60k. That's $1k a month depreciation buying new. I can't imagine burning that much money on a new Truck. It's nuts. Let someone else waste their money. I figure I can buy a whole new drivetrain with the $24k I save buying slightly used vs new.

@BJRoach

18 күн бұрын

@@getinthespace7715 famous quote I heard was “Be wise with what you spend and who you give to. 10 years of hard work can be gone in 1 second from a dealer.”

$1000 hoopty doesn’t exist anymore Dave

@smarsmar800

17 күн бұрын

Lol more like thousand dollar shell on bricks 😢

@benjaminmorales9564

17 күн бұрын

@@smarsmar800 This. I made the same comment before seeing yours. Guess Dave hasn't needed a hoopty in quite a while.

@Tigersfan829

17 күн бұрын

I promise you I can find them on fb marketplace right now

@TheMythOfTheThickSix

15 күн бұрын

They exist but i would not drive it

@SrRAFAGAS

14 күн бұрын

I just checked on fb market. Found about 200 for $1000

Rent has gone through the roof. I feel for this guy.

@danielrn133

18 күн бұрын

What does that have to do with buying a car they couldn't afford anyway? Even if rent was 500 less a month they still can't afford this car. Whiing about the cost of stuff does nothing to solve the problem. Stuff goes up in price. So whine or come up with an actual solution. Stop buying cars on payments. Buying a car on payments means the person cannot afford it.

@firefly9838

18 күн бұрын

They don't care lol

@lizh4933

18 күн бұрын

@@danielrn133 Agree. I use to make the car mistake then got wise.

@LostintheUS-2030

18 күн бұрын

I'm in Arizona (Phoenix area). I pay $1300 for a studio. My monthly bus pass is $65 a month. It is very difficult to wait for these slow buses this time of year in Southern Arizona. Average highs are 110F°+ daily. However, I do it. As I have no money for these high inflation vehicles. Unfortunately, there aren't any better options for him (family of 4), but to dismiss the car.

@aolvaar8792

18 күн бұрын

@@danielrn133I live in PHX $214/mo mortgage I bought a new car with an 858 FICO, 0% interest Yea, I know pull $50K that’s making 11% and pay cash

It's good this guy called in to Uncle Dave. Quite often people get in a $$$ mess, then can't think straight about how to fix the situation. This guy needs someone in his life to help him see clearly. I wish him luck.

My first instinct was to get a 2nd job. Too many people, their 1st instinct is to call a radio show. I worked 2 jobs for 26 years. It was hard but I have a great life today.

Dave gives good advice, but a $1000 car 30 years ago isn't the same as a $1000 car today.

@thedopplereffect00

17 күн бұрын

But baby step 1! Lol...

@Tigersfan829

17 күн бұрын

30 years ago you could get a hooptie for a few hundred bucks, you absolutely can get a $1000-1500 car today that's just ugly but runs fine.

@luisserna7695

13 күн бұрын

True! So he’s suggesting to sell the Camry, buy a $1000 beater which god knows what type of condition a $1000 car is in these days. Then what happens when you start running into mechanical issues with the $1000 hoopty?

@marciawade9101

13 күн бұрын

​@@luisserna7695 But, if he can't afford it, what's the point? He HAS to start over so he can get back on track. He's got: - 512 credit score - 50k/yr. job - 4 kids - a wife who is a part-time hairstylist who JUST went back to work at a call center that doesn't pay much - and a $695/mo. car payment that's killing him The math AIN'T mathin'! ➗

@anthonywilliams9415

9 күн бұрын

📠

This is scary how people get themselves in situations like this. Emotional children when it comes to spending and budgeting.

@superwhitt21

18 күн бұрын

the world need burger-flippers...

@thedereknelson

18 күн бұрын

I wouldn't necessarily phrase it that way. A lot of it is generational and people just not being properly educated.

@joesmith3590

18 күн бұрын

It is funny how people say it is generational. Every family was poor at some point. They didn’t blame the last the took responsibility. It is easy to see why so many fail when they blame everything on everyone else

@aolvaar8792

18 күн бұрын

@@joesmith3590 Not Every I graduated in 1980, $100K/yr 60hours/wk Room & board provided DD straight to the Bank

@19hundoc47

18 күн бұрын

Oh you’ve never made financial mistakes? Hypocrite

So glad Papa Dave was the one who took this call.

@overdose956

Күн бұрын

Papa Dave?! Woah 😳

With all respect to Uncle Dave I would love to see what type of running car you can get with a thousand dollars in today's market/economy

@christinebutler7630

18 күн бұрын

@@bleedinorangeblue903 a thousand bucks? Nothing that runs or that you'd entrust with your kids' safety.

@Shortballa11

18 күн бұрын

Yea they are crazy. Get a 3k and it’s gonna come with thousands of dollars in repairs within 6 months

@tylerhair9067

18 күн бұрын

Same!

@nedelchopankovski9681

18 күн бұрын

Obviously it's a metaphor, get something for 5k thats fairly decent for the time being, that can get you from A to B safely, then in a year or two depending on your situation you can upgrade.

@Shortballa11

18 күн бұрын

@@nedelchopankovski9681 it’s a metaphor bt when you start doing realistic math it changes the equation. Having to pay an extra 5k to get rid of a car, then spend another 5k to get a car that will likely run you thousands in repairs. And count the missed work time from those repairs. You can come to a conclusion that they may just need to keep the car and drive Uber to pay it off asap

Just paid off my final chunk of car debt. Never again if i have anything to say about it 🎉

@jason91205

14 күн бұрын

I travel for a living and am running around the southeast in a 305k mile vehicle. That’s how bad I DONT want a car payment again lol

@JunkerDriver999

8 күн бұрын

​@@jason91205I drive from Memphis to Dallas 3 times per month in a 01 Camry, 400 thousand miles, same engine and transmission, no AC. 800 dollar car. People now days cry about everything and their standards are so high. I'll never allow myself to have a car payment, as long as this beat up Camry can drive lol

Keep the vehicle, pay it off as quickly as possible, and drive it for the next 10-20 years. That's what I plan to do with my wife's financed 2025 Toyota Camry SE.

@Marcus-id5ur

12 күн бұрын

Yep, just got a 2025 LE. I expect I'll pay it off within the first 30 days and will be dissapointed if it doesn't last me 20 years.

So Dave is wrong about Carmax. Their business isn't selling cars, it's peddling high interest used car loans to people with less than good credit. They are often paying retail or close enough to retail and can be a great place to SELL your car. When I traded in my last car I used Car Max's offer on my car as leverage, car max was offering pretty much retail for my car.

@thedopplereffect00

17 күн бұрын

I agree. Caravana gave me way too much money for my car that was leaking transmission fluid. They didn't care. I don't even know if they fixed it before reselling it though, 🙁

@Kryptic1046

10 күн бұрын

Same. I sold a car to Carmax last month and they gave me close to retail for it. Carmax and Carvana make most of their money on high-interest loans.

🧐 I don't understand. Loan on Car is 32,000 Car value is 27,000 That means you are only $5000 under water on the loan If you sell that car you will lose $5000 you have to buy a $1000 beater car. Basically, you have spend $6000 on a beater car. A better option is to use that car- for business like an Uber or door dash. Both you and the wife and use it for Uber/door dash earn an extra $500-800 per month. You can make up for that $5000 diff in no time plus more. Turn your liabilities into an asset

@Shortballa11

18 күн бұрын

Agreed because 1. You aren’t going to find a beater for 1k. 2. A 3k beater is gonna come with thousands of dollars in repairs over the next years. Better just to work their butt off paying off the car

@OliviaE.H

18 күн бұрын

What Dave is saying, with the debt payments, this gentleman could easily buy a super cheap car that will only be there temporarily so he can take care of his responsibilities. At that point he owns the car so no worrying about payments or the interest on those payments. Once those payments on the current car are gone that money will stack up pretty quickly in his pocket, not the bank's. He can even use the bank to earn himself a little bit over time...right now, over time, he's losing more than 5000 because of payments. Psychologically that hurts and not seeing the amount go down might make him feel even more overburdened. If he gets rid of it he doesn't *have* to drive uber or do Doordash. I dont think your idea is bad. He doesn't want the upside-down situation to get even worse which will happen if he puts more miles on the car.... It's an option but it might take longer than to just simply earnthat 5000 and then sell it. It will also reduce the value of the car even more making him have to lose more than 5000. I Think Dave is saying the *simplest* solution/ the more psychologically efficient is to just get rid of it so this man can start to have more money in his pocket and savings more quickly and more peace overall.

@cynthiamoore8022

17 күн бұрын

That’s the average for a car at the dealership after all the fees

@Tigersfan829

17 күн бұрын

​@@Shortballa11This is bad advice that gets repeated and people end up scared for no reason. There are plenty of good running cars that wont cost you thousands in maintenance on marketplace. I bought a 1998 Chevy S10 7 years ago for $1500...it was just ugly. I drove it an hour and back every day for 2.5 years.

@Shortballa11

17 күн бұрын

@@Tigersfan829 7 years ago is a lot different pricing than now. Also just because you were the exception, doesn’t make you the rule. Repairs are expensive nowadays. Almost everything is $1,000 to fix so if you have a hoopty is rlly hard to save. I believe p should buy cars cash bt in this persons situation it’s already too late

Try to hold on to that Camry. It’s going to last trouble free. Long after you paid it off.

@Shortballa11

18 күн бұрын

Agreed the trouble Dave just talked him through isn’t worth it. Rather work their butt off to pay this car off

@trainsandlocomotives

18 күн бұрын

@@Shortballa11 I have a Camry Hybrid and it runs cheap and is vary hard to let go.

@Shortballa11

18 күн бұрын

@@trainsandlocomotives I’m sure you get like 40-50 mpg. I’m in the car market now and hoping for something 30mpg

@Miggy2222

18 күн бұрын

He can buy a cheaper $10k Camry?

@Shortballa11

18 күн бұрын

@@Miggy2222 with what money? No cash and terrible credit. It’s too late for all that.

$1800 a month for a 2-bedroom in Arizona is diabolocal… but the cost of living across the entire country is becoming diabolical.

@hgonz14

17 күн бұрын

In the Phoenix metro area, that is a steal. Prices usually start at $2200 for a 2 bedroom if lucky.

@megalodon1726

17 күн бұрын

Landlords have been colluding on rent prices. They subscribe to the same price-setting services, so they're able to do price-fixing without directly talking to each other.

@SAreamusic1

17 күн бұрын

I pay 1800 here in Michigan for the same kind of 2 bedroom. Rent is so overpriced.

@kellygarvin7955

15 күн бұрын

One bedrooms in Charleston, SC rent for that amount.

@KB-sg7tv

15 күн бұрын

@@kellygarvin7955 That’s crazy cause that is the going rate for a 1 bedroom here in Sacramento CA. I thought everything was more affordable in most other states? This whole cost of living situation is horrible

2022-23 was the peak of carflation. I sold my dad's five year old 2017 Beetle to Carvana for $2k more than he paid for it.

@saltysaty8686

18 күн бұрын

@@mrfranchize02 you got ripped off man I'm sorry. I sold a couple cars at that time for at least 1-2k more than Carvana offered to pay me. None of those sold for more than 7k so you got ripped off hard...

@mrfranchize02

18 күн бұрын

@saltysaty8686 Maybe Carvana didn't need your particular car?? I went with the highest bid. Yall just say anything and don't know nothing lol

That Camry is a good price they offered. They go for between 20-25k. A 2024 you can get for 28k.

@Tank-vi2dv

17 күн бұрын

Oh yeah?

@COMMANDERFOX31

17 күн бұрын

They used to go for 20K-25K, not anymore. Markups and low inventory are still a problem with Toyota. I bought my Camry brand new in 2020 for $23K OTD now the dealer wants $30K+ for a new base one with all discounts incentives.

@sitcomchristian6886

17 күн бұрын

Yeah, we found Carmax to be fair. We sold a Toyota that needed bodywork and was in fair/good condition. Expected a couple thousand, got offered $7K from Carmax. Sold it and got out of debt!

@jimmymcgill6778

17 күн бұрын

@@COMMANDERFOX31 Still does not mean your 2020 is worth 30k.

In today's world there's no such thing as $1,000 won't be that runs and drives

@evoman44

13 күн бұрын

There is but you have to look further out of your imitate area. Even new car buys have had to go to small town dealerships to get a better deal than their big city dealerships.

Blessings to you and your family ❤

Gotta love how they always ask if they have good credit to get a loan, but then always say you never need a credit score ever, make up ur minds lol

@sumoman485

18 күн бұрын

You use the credit in the mean time to get you out of debt faster. Then never touch it again. It's the only time they ever talk about getting a non mortgage loan.

@xsgtxbigboy1655

18 күн бұрын

@@sumoman485 but they preach never get a credit score cause you font need it, same reason you can’t get a mortgage with a credit score, same reason 2 apartments turned me down cause I don’t have credit and finally found one that I had to pay an extra 2k up front cause I don’t have credit so they don’t know what there talking about

@KathleenMcNe

18 күн бұрын

I notice the same thing.

@nickm4662

18 күн бұрын

Right.. I’ve never heard someone say their credit score on this show haha

@iSkateFast

18 күн бұрын

That’s because the guy already used his credit to buy the car before calling in, so they are brainstorming a solution. If he called before buying the car and said “I want a $30k Camry but I don’t have the money for it”, they wouldn’t have recommended taking a loan or using credit

There are no $1000 running cars out there.

@MyJeffrey1970

18 күн бұрын

Yah I just paid $1000 for 4 tires installed on my SUV. How you going buy a whole car for $1000

@markg999

18 күн бұрын

Yea I just found some on FB. They are ugly no doubt.

@schadlarry

18 күн бұрын

@@markg999 Guy better be a descent mechanic, have access to descent mass transit and an understanding boss when he calls in late because the beater broke down again.

@markg999

17 күн бұрын

@schadlarry I wouldn't recommend a 1k car but they do exist.

@chrisdavisunofficial

17 күн бұрын

No, but there's piles of running $3k cars out there and boatloads of $5k cars.

Some people think I'm mean. I'm only mean to those who deserve mean in my opinion! The previous Ramsey video today (7/9/24) was a letter from a guy who has a household income of $400K and can't make ends meet. I cannot begin to tell you how much disdain I have for that guy and family. Compare that to this guy. Sure he needs to learn and do better financially but man, he says he worked full time while dealing with a kidney and pancreas transplant and the guy earns around $50K. I'm pulling for this guy and his family!! See I champion people who deserve to be championed!!

@reese85

18 күн бұрын

@@GAFB1122 lol I hope your not referring to me when you say “some ppl think I’m mean” cuz those words or anything similar never can out my mouth lol. I’m too big of a guy/grown to be calling another man mean lol but both callers/vids deserve grace cuz we don’t kno anything about the other caller or his situation. We just kno his household income and that there in debt and that alone. Shouldn’t make you feel away lol

@GAFB1122

18 күн бұрын

@reese85 I believe you did say, I sound angry. I acknowledge you didn't say mean. My anger to include meanness at times is warranted based on what I see out there. Again, we'll respectfully agree to disagree on the two videos. My disdain for the first remains! I have no grace for the first with that income!! I just don't want anyone to think I'm always angry (or mean). I am not always angry (or mean). Only when warranted. It was warranted on the first video, and sadly, on many of Ramsey videos. But not all, as I champion this guy! I feel for this guy and wish him and his family better 😁👍 And I'll always root for the little guy, who tries to do the right thing and be better today than he was yesterday.

If you have loving and caring spouse, half of your problems are solved. The other half is the choices you make.

Start working like crazy for your family man. Once you get rid of that car loan you're off to the races. $700/month freed up in his situation is huge.

Toyota is still behind with inventory across North America. Dealer markups are still everywhere. He can sell it for atleast $29K-30K if it is low mileage and accident free. I sold my 2020 Camry for $30K to the dealer 7 months ago as there were no new available Camrys within a 200 mile radius.

@mdees88

17 күн бұрын

That's insane... I bought a new 2024 Camry SE 3 months ago for 29K out the door..

@Marcus-id5ur

12 күн бұрын

​@@mdees88that's because they were trying to dump inventory before the 2025s came in.

No individual sale is going to get top dollar for a car . People look to buy from an individual to get a good deal if someone wanted to pay full price for it they would go to a dealer who could be liable if it’s a lemon

I remember back when I was younger, doing hourly work, and trying to get some money saved up. I broke down how much money I needed to save every day over a three month period, wrote it all out on paper and taped up that sheet of paper by my bed. Every day I'd write down how much extra I'd made and could put towards savings. Some days it was a big fat zero, other days it was a much happier number. All those little victories kept me going, and seeing the total creep up over the months also helped. I didn't quite make my goal but I came pretty close, and I don't think I would have if I hadn't had that silly bit of paper by my bed. These folk need to have that same attitude, get to $25K, dollar by dollar, day by day.

I have been there. having young kids, renting a shoebox apartment because we couldn't afford to buy, and debts up to our eyeballs. The only thing I can offer is that it does get better but only you have the power to make it better. Find a way to save up a few grand and then get rid of this car and buy something cheap in cash. Then without that monthly note hanging over your head, you can attack the other debt. Once you have no monthly debt payments life gets a whole lot easier.

@frequentlycynical642

16 күн бұрын

They need to save up $5K to pay off the loan while also finding another car for, say, $3K. Not so easy.

@ryant2568

15 күн бұрын

@@frequentlycynical642 no one said it was east. Maybe he just needs to get a 2nd job for a few months?

I’ve bought new cars for years and never paid over $30k for one.

@paulm6481

10 күн бұрын

Much harder to purchase new cars nowadays for less than $30,000

@tektraxm

2 күн бұрын

New Camry's start at over $28k MSRP....dealer fees, taxes (some times markups) and interest is putting you over $30k. Car prices have risen a lot. When I purchased my 2012 Camry brand new, the starting prices were $19k and topped out at around $31k WITH 60 month 0% interest offers direct from Toyota.

It's all too common. The average car payment in America is over $700. Lenders are partially to blame too. Back when people were getting stimulus checks, they were giving out car loans like candy.

@scottlaux6934

17 күн бұрын

Buyers want $40,000+ cars not the $15,000 subcompact. It is buyers fault.

@evoman44

13 күн бұрын

​@@scottlaux6934Exactly. This particular caller could had settled for a Corolla instead that start at $22,000.

@MarlonAllen-pg9dl

9 күн бұрын

@evoman44 no because he would be paying $550-600 a month still too expensive. Should have been used car for $6000

@evoman44

9 күн бұрын

@@MarlonAllen-pg9dl I would have to agree because of the current high interest rates.

Yes the private sale value on a car that carmax is offering 22 on is not 27 it’s more like 24-25

@Shortballa11

18 күн бұрын

Yea selling private party is not easy. Rather buy from a dealership and have more assurances

@thedopplereffect00

17 күн бұрын

In my opinion it's worth it to get $1000-2000 less with how flakey, inconvenient, and potentially dangerous a private sale can be.

@donc6781

17 күн бұрын

@@Shortballa11Especially since most are financing, a dealership is much easier transaction. He’ll need to sell his car for 2k -3k less than a dealership would, to make it an attractive option for a buyer

Bless his heart ❤

Its great thing that this guy acknowledge the problem and called Dave. I have friend who is single makes $80k and cant even pay rent. Dude drives $80k car, cant pay rent, cant pay minimum payment on credit cards, got iphone 15 pro max and Z fold 5($1.5k each). I have told him to read daves book and sent link to all the financial gurus(dave,caleb,graham,etc). Dude wont watch financial vids but still watch stupid shorts. Ive listened to dave for almost 15 yrs. There are some things that i dont agree with but dude is legend. Thanks to dave i dont have any debt and have over a million in my brokerage account. Started from making $25k as private in the Army to $180k year.

Couldn’t wait on cars dropping but bought mine for 37k… but I paid it off in 8 months… I hate car payments

Your hair looks great, Rachel!

Good Call.

Sometimes Daves advise is bad. Start ubering and write off some of the car payments, plus extra money will help. There are no cars for 1k , and you need a reliable car for work.

Hope this guy finds relief!!!

Buy a used Toyota or Honda in the four-figure range and drive it until the wheels fall off. You can easily get 250-300k miles out of them.

ignore the comparisonism of the internet and stay within your means until your means get better over time. You got this! I was fool once tooo who thought I "deserved" what others had... I should have driven more beaters until I could pay cash for a nicer one... paid my dues, waited my time. Accepted less "now" to have more "later" I'm lucky I escaped that debt trap... never again! I wish the best for you!

Atleast he didn’t get an oversized pick up. Camry are really reliable

Hey man its not the end of the world. Just take a few years of really hard work and you'll be ahead someday. It's a live and learn brother

Never understand the selling of the car just to be carless and broke. Most people need a car for work. Granted $700 a month is way too much but, Dave says save $5k and payoff the car and sell it. But then if he could save 5K in the first place he would never be in this situation. Dave needs to start a bank and loan some of his millions out. Put his money where his mouth is!

crackin the whip is crazy 😂😂😭

The genuine, childhood wonder in Alan's voice at 3:35 made me happy.

@marciawade9101

13 күн бұрын

"Childhood wonder"??? The MAN makes 50k/yr., with a 512 credit score, a $695/mo. car payment, 4 kids and a wife who's a part-time hairstylist who JUST RECENTLY went back to work at a call center, that doesn't pay much. REALLY???? 😒

@donnietreece5257

13 күн бұрын

@@marciawade9101 settle down, I was just referring to the tone of his voice.

I usually agree with Dave but in this case, I think the guy should keep the car and paydown the loan as soon as possible. Double up on the principle on each payment. If he tries to sell the car there is no guarantee he will get the $27K and he doesn't have the $5K difference now anyway. More likely he'll have to dump the price in order to move it. Even if he did sell it he still has to buy another car and he ain't getting anything half way decent for under $3K. Even at $3K he'll probably have to dump some more money into it to make it reliable.

@Judi4Him4Ever

17 күн бұрын

💯

@Tigersfan829

17 күн бұрын

It is too much car for how much he and the wife make...

I'm a new subscriber. I wish I found this channel a long time ago. Thanks

i know stupid, i financed a car in early 80s. If you never finance another car again you will be better off than 90% of americans.

He thought Dave gonna give him 25000 , until Dave said extra job😂

@JAM_2024

14 күн бұрын

I was thinking the same thing.

I’m Canadian and retired in my 50s. I have a 2011 Nissan versa and would love a new car but I hear stuff like this and decide I’m going to keep my old car…it’s perfectly fine, has low mileage and since I just drive in my small town there isn’t any point to “needing” a new car. A new car is a “want”. I’d never take out a loan for a vehicle! I’m retired, have a good pension and benefits and money in the bank with only a mortgage with a small interest rate (lucky I know). A new car, as much as I want one, would mean back to being a supply teacher…and that’s a big old nope! So many young people are car poor! Your worth doesn’t depend on what car is parked in your driveway!

I've been there my brother. Not with the health issues but the financial strain. I pray you get out of this debt.

A Toyota Camry was a good choice just the wrong year. Get like a reliable 2004 for like $4k. 👍💡👍

If the caller ever sees this, I would check your contract to see if they added a warranty, tire protection, or any other F&I product that can be canceled and partially refunded to the balance. It’s rare to be $10k flipped on a Camry unless you have that, you put too many miles on it, or you rolled negative equity.

Great advice ❤

I have no idea for this man. I hope Ramsey can actually help!

Also if he has gap or warranty cancel it prior to selling so he can decrease the loan amount of his car I did that for my gap and it decreased my loan amount by like 1200

This guy has a transplant and may be facing a short life. I don’t blame someone like him to splurge a little. I wish more people would take more responsibility for themselves so people like this guy that truly may need extra help. We have lots of people with excuses that are able bodied holding their hand out all the time. We could take better care of those truly in need if we didn’t allow every excuse.

@Jane-rh7tc

18 күн бұрын

I wouldn't call a toyota camry purchase a splurge 😂 He just got ripped off by the dealership

@danielrn133

18 күн бұрын

Anyone could have a short life. It doesn't mean make a dumb idiotic decision. Now his entire family is screwed for a Camry.

@danielrn133

18 күн бұрын

@@Jane-rh7tc No one has to get ripped off. They agree to the terms. Any business where one person will pay 2k for something at the next person will pay 3k who are they going to sell to? If I was selling it private and one guy offered me 2 grand more guess who I am selling it to. Not my job to make sure civilians don't get "ripped off".

@sitcomchristian6886

17 күн бұрын

@@danielrn133 Making the world a better place, are ya?

@evoman44

13 күн бұрын

He could had at least settled for a Corolla instead for about $10k less if he really wanted to buy new.

My truck payment is $1,250 a month. It's all relative to your income! I invest most of my disposable cash rather than pay off my vehicles.

Millions of people are in this same situation. Corolla used to be the go to now that car is minimum $400 payment

@floppercosplay5262

17 күн бұрын

Too much tech in the car is to blame

The marriage between your car payment and your yearly income is the deciding factor in how you either got fleeced, or simply chose to take something on you couldn’t afford.

door dash on your lunch hour or an hour after work, all extra money goes towards the car

I really liked this caller.

@JakeStewart1343

18 күн бұрын

He seems ignorant but humble 👍

Caravana pays you good money. Dave is wrong. Carmax offered me $12,600 while Carvana offered me $15,800.

@fern9234

18 күн бұрын

Carvana offered me $2000 for 2011 BMW X5 diesel awd. Fully functional and looking presentable for its age.

@Aki_Lesbrinco

17 күн бұрын

​@@fern9234 It's a 2011 diesel BMW, it seems to me Carvana was being generous by offering you $2k for it. A year ago I sold a 2014 Accord to Carvana and they paid me more than what I bought it for in 2016. At the end I practically used the car for 7 years for free.

@totuudentorvi7781

17 күн бұрын

@@Aki_Lesbrinco Don't forget about 7 years of inflation. You didn't get more than you paid for. You got much less. Equal dollar figure, very different worth.

This is why I recommend ppl to buy a Mitsubishi Mirage, Chevy Spark or a Honda Fit. You could find a good use one with low miles for 6-10k

@evoman44

13 күн бұрын

I agree on the Honda fit but not the others because only the Honda will last you a long time. I personally bought a 95 Acura Integra in 2001 for $7,600 with a 100k. The car now has 276k miles. It has out lasted many other used or new cars I could had bought in 2001.

When Dave asked the 25k changing his life I just knew Dave was going to bless this man.

@Dokimos-

17 күн бұрын

😂..Yep me too… but. There is still hope for the young man…he just gotta buckle down and hold tight to his mission…

@cynthiamoore8022

17 күн бұрын

That’s what I thought 😂

@eunicemeekins

17 күн бұрын

Has he ever helped ?

@mr_c7vette

17 күн бұрын

@@eunicemeekins not that I've seen on KZread.

@DNaupari

17 күн бұрын

I bet he DID do it, but not in public.

At 34 l have been working 10 to 12 hr a day for 15 year . I'm not getting any were. Once upon a time it was paying off but Inflation has influenced that. I work thought the pandemic why do I have to pay for it. I have a family that someday I would like to enjoy. Well I guess I'll see them when they have their kids.

Car Max offered me $700 for my 2014 Leaf. Privately a good deal more. Fortunately my vehicles are paid for.

That's my mortgage payment.

I have a 17k debt on a ( Benz CLA 250 2016 with 59k miles ) and the best price I can get rigth now is 13k .... almost 5k will have to get out of my pocket ... I just brought a Eletric bike to go to work because in this economy it's hard to maintain 600$ car payment and 270$ insurance every month . Not conting 60$ a week of gas or more so Sometimes we do wrong decisions and it's not a shame to take a step Back to then enjoy life ... I make around 72k a year but that's nothing these days , not enough to maintain 600-800$ car payments

People trade in cars like their cell phones is what I noticed at a dealership while taking in my 2008 Toyota Tacoma for service. What a waste on a depreciable asset.

Dave it’s 25k practice what you preach and give!

I bought a 2007 Lincoln town car for 4k I had to put money into it. Tires,body work etc around 7k total investment and runs great

The first piece of advise these “experts” should have told him is to pay $25 a month towards the medical bills. There is no rush to pay off the medical debt it won’t impact his credit if he’s at least making a minimum payment. Can’t believe they didn’t tell him that. Really it’s 5 grand he needs.

This is the kind of I would donate to. That man could have laid it down and rode the system

Bless his heart! 😢 Follow this plan to the letter and watch what God does…. His word and plan is always right. Debtor is slave to the lender… always.. glad your ok!

I pay 342.00 a month 5.9 apr on my 24 Honda EXL. I financed 20,500. I paid MSRP 29,000. No mark ups! I put 20 percent down with trade equity and 2 k cash. I pay extra principal so in 10 months I’m at 11,800. I’ll be done in 2.5 years. My condo mortgage is 564.00 month at 3.125 apr. I put 20 percent down on my condo. My credit is 795. Pay your bills on time.

Just work work and work. $17k isn't bad for debt and can be paid in 1or 2. $700 in a car payment is expensive just get your income up.

Wow all that for a Toyota Camry?? Didn’t even know they were that pricey these days.

@joshdh46

18 күн бұрын

Every car is up a solid 15-20% over the last half decade

@mdees88

18 күн бұрын

They're not "that" pricey these days. I bought a 2024 Camry SE 3 months ago for $29K out the door (and probably could've got it for 27-28K in hindsight).

@jalentolbert6162

18 күн бұрын

My friend just financed a 2018 honda and it 600 a month and 36,000 plus tax

@grod805

18 күн бұрын

It just depends on how bad they screw you over when you buy it. My friend bought a used Civic for $38k.

@SRD1281

18 күн бұрын

​@@grod805Wowzers

I had a $678 payment, 2% interest, on a 22 Corolla. Granted it was a 36 month term. Paid it off in 10 months. The dealer eyes got really big when I asked for 36 months. Apparently no one does that anymore

I was gonna purchase a 2020 TLX but them payments are $710 a month for 48 months. I took a huge step back and thought realistically. NO car is worth $700 monthly payments.

I pay $588 a month for my truck. I bought it brand new back in 2022. Toyota Tacoma. 3.2% interest. 6 and a half year loan. It’s literally the only way I could have gotten a vehicle for my pool business. It’s making me a shit ton of money. So am I dumb for that?

Only way i have $700/mth car/truck payment is at 0% interest rate.. which i do.

I agree with Dave in a lot of reasons, but I think he is too quick to say ‘sell the car.’ When I got married, I had a car that was breaking down and I purchased my wife a new car because I valued her and I wanted her to be safe. It’s true that the money can be invested but what happens when the love of my life is injured, assaulted or something else on the side of the road? What is the value of that? Nowadays, car payments are in the 700-800 range. Most of the callers who make 100000-250000 a year are not those who are struggling to pay the bills

500 credit score...u need a hoopty bro

@19hundoc47

18 күн бұрын

And you need to update your style, nice chain necklace

Last year (2023) I worked with two characters. One bought a fully loaded Raptor (1200/mo) and the other a 4dr Jeep (800).

@user-ij8qj2iw4t

12 күн бұрын

That’s insanity

Still baffling to me a non-American that this poor man can be left with medical bills for life saving surgery

If he can't sell his Camry, sell his children!!!

Talk to the hospital to see if they have a fund that can help with some of the cost.

I make almost 200k and when i needed a car i got a 14’ accord. Theres nothing like nothing you can get something but choosing not to.

Allen, I door dash and Uber eats at night, 15 hours a week and make 1000 a month. I hit the dinner rush from 6-9pm. Get after it.

Problem is, this is not the year 2000, no more decent reliable used cars for $5k no more. This would be the perfect car for this guy. Have to save up cash to buy cars.. never loan or payments when you don't make much money and living check to check... Need to solve the check to check problem and cut other spending.

You cant find a car for 1,000$

@amireallythatgrumpy6508

18 күн бұрын

That's not where the dollar sign goes.

@nealfeatheringill2091

18 күн бұрын

@@amireallythatgrumpy6508 i didn’t ask

get rid of the car bro 🤣

@Shortballa11

18 күн бұрын

Don’t do it. They are paying 5k to get out of it. Just to spend another 3-5k on a trash car to then spend thousands in repairs over the next year. Plus time missed from working when the car is in the shop. They need to use that car to Uber and pay off the debt

@aaronbrutus2654

18 күн бұрын

​@Shortballa11 Uber will depreciate that car and increase maintenance. You gotta cut your losses...

@Shortballa11

18 күн бұрын

@@aaronbrutus2654 if this guy had good enough credit to buy a 10k car I’d say it be worth it. Bt trying to save and work while dealing with a 5k or less beater is terrible. I’d still advise them to just pay off the car. Maybe not Uber any side job