I Overspent on a Car Behind My Wife’s Back

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 4 July 2023

⏱️ 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, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you five days a week. 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	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.8	Jason is up next in Denver, Colorado.
0:13.6	Jason, welcome to the show.
0:15.1	Thank you for taking my call.
0:16.6	Sure.
0:16.9	What's going on?
0:18.1	Well, I committed a financial sin, and I financed the vehicle, and my wife wants me to sell it.
0:26.6	I'm having a little trouble getting it sold anywhere close to what I paid for.
0:32.6	I was wondering if you had any advice on that and what to do.
0:35.6	Do you think you should sell it?
0:41.9	Yes, I believe I probably shouldn't have bought it.
0:44.0	Okay, so how much was this car?
0:45.7	65.
0:47.3	What do you owe on the loan?
0:51.5	I just bought it, so it's probably 64 right now.
0:52.8	Okay, you didn't put anything down?
0:56.6	No, I totally financed it. Okay.
1:03.7	And you, have you actually looked at private party value for this vehicle? Yes, it's quite a bit less.
1:11.2	So I'm seeing 54, 55,000 for this vehicle. How much money do you have in the bank?
1:16.2	We don't have a lot, probably about $10,000 in the bank.
1:24.1	I do have quite a substantial amount in my TSP or 401K.
1:25.6	Okay, we don't want to touch retirement.
	...

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