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The Ramsey Show Highlights

My Car Lease Is $1500 A Month

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 23 October 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

brought to you by the every dollar app start budgeting for free today i have a lease that i

0:07.8

just i i purchased in the last uh year too there but uh just heard about you guys um the lease

0:14.6

is uh for the next uh two more years left on it there i uh wondering if I should ever get out of it, pay out of the

0:23.4

lease there to get some money, not necessarily money back there, but pay a lease there, um, I mean,

0:30.6

sell the car or, um, get out of the lease to be able to pay lower, pay some of my debt.

0:39.8

Yeah, it's a great question. what are you paying a month 1500 oh oh what kind of car is that um Mercedes g le 3 50

0:48.9

well the g l is pretty nice pretty nice car taste, Henry. You got some good taste.

0:56.4

Thank you very much.

0:57.7

But it's eating you alive and it's not worth it.

0:59.7

Yeah, it's not worth.

1:00.7

We got to get it out of here, right?

1:02.7

Yeah, I just...

1:03.8

Is there a lot of...

1:05.0

Give us the terms of where you are...

1:08.5

Walk us through the terms.

1:13.4

All right. So if I to um terminate my payoff right now it would be about 60 60 000 there to pay off there i've looked on

1:20.0

i've heard you guys talking about it so i looked on kelly blue bucket and it's about you get 46 46 47

1:25.6

000 um and then um was that private sale so at 46, 46, 47,000 on it. Okay.

1:28.0

Mm-hmm.

1:28.2

And then, um, uh, was that private sale?

1:31.3

And I, was that?

1:33.2

Yeah, that's, uh, yeah, that's, uh, yeah, so I'll leave you with 13,000 that you would owe, right?

...

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