Car Has $18,000 Of Negative Equity!
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Car Has $18,000 Of Negative Equity!
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35 comments
Rachel Sheldon April 15, 2020 9:29 am
I broke even on one trade and got bent over for the one I got into. Owed $17k it was worth $9k. I was young and ended up rolling it into a 48 month fleece. It basically let me pay the negative equity off month by month. Cost me $18k over the 4 years and when I turned it in I wiped my hands of the whole thing and vowed to NEVER AGAIN overpay, fleece, or have a car payment PERIOD. I'm all but student loans debt free and closing on my first BRAND NEW home this week.
grim reefer0420 April 15, 2020 9:29 am
How do people listen to this guy? He is not helpful at all!!
Native Pride April 15, 2020 9:29 am
I was driving a Jaguar F Type v8 for a while, nice car but everything was expensive as sh*t, i make 60k a year still live with parents and have no kids. Got rid of the car and got a Toyota Tacoma instead. I cried a little but everything will be ok. Now i have more room and can actually go offroading.
SlumpNMyRump April 15, 2020 9:29 am
Hard and fast 😂
matt pflanz April 15, 2020 9:29 am
Why is she eating her phone ?
Kevin Dixon April 15, 2020 9:29 am
Good Lord.
hadouken April 15, 2020 9:29 am
Cars have become way overvalued. They overcharge fir the iPad dashboard.
HunterShows April 15, 2020 9:29 am
"Hey Dave, we have this huge loan problem."
"Hmm. Sell your shirt and pay it off. This is the Dave Ramsey show."
Jacob Roberts April 15, 2020 9:29 am
Good lord 💀💀
J A April 15, 2020 9:29 am
That Arizona summer heat has melted her brain.
tugboat2030 April 15, 2020 9:29 am
3:00 "We had a friend lose a baby this year"
Upbeat music starts playing
sidharth chand April 15, 2020 9:29 am
get gap insurance and have a oppsie on the freeway
smokeya2 April 15, 2020 9:29 am
Dave Ramsey is clueless!!! Negative equity has nothing to do with the interest rate!!!
Franchesca Deleon April 15, 2020 9:29 am
Sound crazy ! Gap insurance
Jay J April 15, 2020 9:29 am
Now I dont feel so bad about wat i owe on my car. Good lord, you're driving a job salary!!!
joel cleare April 15, 2020 9:29 am
I live in the Phoenix area. A TON of people drive vehicles that are above $50k. A lot o car payments floating around here
liveyourbestlife April 15, 2020 9:29 am
Congrats Dave on 704K subscribers!!👏👏👏☺️
Daniel Garcia April 15, 2020 9:29 am
Never never never never never never never never never never never buy car over 3% interest.
you can't buy one below 3 well then just keep saving your money so you can buy car in cash.
4175 Bam April 15, 2020 9:29 am
PEOPLE THAT CARE TOO MUCH ABOUT WHAT OTHER PEOPLE THINK OF THEM ARE THE SAME ONES THAT WILL NEVER BE ABLE TO RETIRE.
Sakib Bin Salam April 15, 2020 9:29 am
It's kind of a dark idea to get life insurance on your little kids. It makes sense to get insurance for yourself because if you die, at least your family is somewhat covered financially. But what do you need life insurance on your kids for? I'm not judging.
TWDxKILL3R April 15, 2020 9:29 am
New cars are simply NOT WORTH IT anymore….
Anna Witte April 15, 2020 9:29 am
I won't even buy a car for 18k!! I have a nice Toyota Camry and paid 16k and my payment is 250 a month.
Bladexx76 Quickscoper April 15, 2020 9:29 am
just paid my car off. broke for 2 years i will never do that again
Jonathan Hernandez April 15, 2020 9:29 am
Hearing this story gives me palpatations
The Beatbox Champ April 15, 2020 9:29 am
Still rocking my 08 Lexus only 71k on it! Got it used, Paid in full years ago! wouldn't have it any other way.
David Reynolds April 15, 2020 9:29 am
I bought 3 new cars and I will never buy new again. Whenever the car I drive is ready for the junkyard, I will pay $5,000 for a good used car with cash on hand. By the time that car is ready for the junk, I will have the cash saved for the next good used car.
ahastar1141 April 15, 2020 9:29 am
I remember reading about how in either 2017 or 2016 we hit record car sales. Driving around I see tons of newer cars and I have always wondered how if the avg household income is around 50k and the avg car price people are paying is around 30k how people are affording these cars. There has to be some bubble like the housing market that’s gonna burst soon.
Limitless 1 April 15, 2020 9:29 am
stupid people
the word if full of idiots
Krassimir Petrov April 15, 2020 9:29 am
The whole negative equity situation is only getting worse …pretty soon people will have more negative equity than the car is worth plus enough to buy another car
rustyscrapper April 15, 2020 9:29 am
Auto companies make all their money ripping people off on financing and the dealer makes their money on trade ins. If you walk in a dealer and want to buy a new vehicle cash no trade in, everyone will poo poo all over it because no one is making a dime off that sale.
Tracy Diller April 15, 2020 9:29 am
BWT Totally agree I have been a licensed mechanic now for 30 years now a this stuff is disposable and now days people in my opinion is buying car's for the way they look and how they look in them, but like I have already said to each his own.
sidharth chand April 15, 2020 9:29 am
Get gap insurance & total da car problem solved
Junso Lee April 15, 2020 9:29 am
kids life insurance? what is that
Jeffrey Richardson April 15, 2020 9:29 am
I did not think this was possible, but anything is!
X1area51 II April 15, 2020 9:29 am
Get a full coverage insurance and crash the car for good! Solve lol