I’m Upside Down on a $75K Truck

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 20 September 2022

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.8	Joining me today is Ramsey personality, Dr. John Deloney.
0:15.8	Jeremy's in Jackson, Tennessee. Jeremy, how are you?
0:18.0	Doing well. How are you, Mr. Dave?
0:20.0	Better than we deserve,
0:20.9	sir. How can we help? So I am trying to get rid of a massive amount of debt on a vehicle.
0:29.4	It's approximately $75,000. And I am, yes, and I am 22,000 under, under trade in value.
0:39.9	What kind of car is it?
0:41.7	I would have, it is a truck.
0:44.0	It is a 2021 Dodge Ram, and it was a false need that my wife and I felt we needed whenever we were getting ready to move.
0:55.5	We thought we needed a truck in order to save money on a U-Haul and moving companies.
1:05.2	So now...
1:06.4	That's incredible.
1:06.9	That's incredible.
1:08.0	Yeah, now that we're trying to do the baby steps and get a hold of our debt,
1:15.5	I understand that this truck needs to be gone.
1:18.7	What do you guys make a year?
1:20.6	Our take home, our net take home is approximately 105.
1:24.7	Holy Grimoli.
1:26.7	You owe $75,000 on a Dodge pickup yes okay and you looked up the
1:33.8	trade-in value on Kelly Blue Book yes and you got 50,000 bucks yes did you talk to a dealer
1:42.9	not yet no um that's my next step is Yes. Did you talk to a dealer?
	...

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