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The Ramsey Show Highlights

Buy My Dream Car?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 23 May 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

📈 ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠ Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps ⁠💵 ⁠Start your free budget today. Download the EveryDollar app! - https://ter.li/446mhy 🏘️ Find a Ramsey Trusted Real Estate Agent - ⁠https://ter.li/ko6rqk⁠ 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or⁠ click here!⁠ Listen to more from Ramsey Network 🎙️⁠ The Ramsey Show⁠  🧠⁠ The Dr. John Delony Show⁠ 🍸⁠ Smart Money Happy Hour⁠ 💡⁠ The Rachel Cruze Show⁠ 💰 ⁠George Kamel⁠ ⁠🪑 Front Row Seat with Ken Coleman⁠ 📈⁠ EntreLeadership⁠ Learn more about your ad choices. ⁠https://www.megaphone.fm/adchoices⁠ ⁠Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:08.2

at zander.com. Hi there. So I just got a pretty significant raise at my job, and I was made aware that

0:16.5

a dream car I've always wanted to buy is getting discontinued this year.

0:26.7

And I was just curious if it makes financial sense for me to buy the car or chuck it all into savings like I've been doing.

0:30.2

Wow. I hope it's a truck. George is going to be a big fan of that.

0:32.0

What are they discontinuing these days?

0:39.7

It's a golf GTI, Volkswagen Golf, but they're stopping making it in a manual transmission.

0:44.5

Pulling up, George. Is that it? Yeah, you've seen them. Give me an image.

0:48.2

Is it like the hatchback? I thought I was the only one that actually knew what it was. Oh. Yeah, there's sporty hatchbacks. Look at that. Very European. Is it like souped up? What's this thing going to cost you?

0:55.5

It'll be right in the neighborhood of probably after taxes and title and fees and everything, probably about $35,000 to $36,000.

1:02.6

All right. How much do you make a year, Nathaniel? I make about $125,000 a year. What kind of debt do you have?

1:10.5

I have no debt. I rent and I own my car

1:14.8

outright and I have about $15,000 in savings. Amazing. What is your car worth that you own

1:19.5

outright? Probably $13,000 to $15,000. Okay. So you basically have almost all this ready to go.

1:27.9

Yeah, I would be getting a loan. I want to buy a half of it. So you basically have almost all this ready to go. Yeah, I would be getting a loan.

1:30.6

I want to buy a house here pretty soon.

1:33.5

And so I'd be getting a loan on the car to build my credit.

1:36.7

I'm 18, so my credit score.

1:39.0

We were doing so well, Nathaniel.

1:40.7

George is breaking out in a wreck.

1:41.9

Oh, man, George breath.

1:43.2

Just have another deep breath, George.

...

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