My Wife Loves Her Leased Car But We’re Broke And Can’t Afford It

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Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 10 December 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.7	So I'm wondering if I'm able to purchase a car for my wife.
0:13.0	We've been leasing to own for the three years.
0:16.6	And upcoming December, we can purchase it for 19,000.
0:22.1	Oh.
0:22.5	The same car is valued at 23,000.
0:27.9	Okay.
0:28.7	So you've been leasing it for three years.
0:31.5	What was it worth when you started?
0:33.8	I'm just wondering how much it's depreciated.
0:37.7	How much? No, how much it's depreciated. How much?
0:40.0	No, how much was it worth?
0:43.1	28,000.
0:44.3	Okay.
0:45.3	Okay.
0:45.7	And now it's worth 19, but you're saying you've seen it other places for 23.
0:50.3	Is that where you're telling me?
0:52.0	Yes, with the same mileage, the same year.
0:55.0	It looks like a good deal. Yeah. Do you have telling me? Yes, with the same mileage, the same year. So it looks like a good deal.
0:56.8	Yeah.
0:57.2	Do you have the money?
	...

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