Should I Buy a Second Car as a 17-Year-Old?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 27 September 2021

⏱️ 7 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, Christy Wright, 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.
0:11.2	Let's go to Dylan in Indianapolis, Indiana.
0:14.7	Hey, Dylan, what's going on, brother?
0:17.2	So, a few months ago, I bought my first car for $5,900, all cash, and I was wondering if it would now be a good choice to buy a second car, or a new car, trade in that one, because the first car, it's starting to appear that I might have problems with
0:39.6	rust. It could have been in a flood. And I don't know if it would be a good choice to do that.
0:46.8	How old are you, man?
0:48.7	17.
0:49.7	17. How'd you come up with $5,900 to buy your first car with cash?
0:56.3	Part-time jobs over a couple years.
0:59.0	Good for you, man.
0:59.9	Dude, you were awesome, Gavin.
1:01.9	Way to go, man.
1:02.9	I don't think I could have kept $59.
1:04.9	Dylan.
1:05.2	Oh, Dylan.
1:05.6	I'm sorry.
1:05.9	Yeah, Dylan.
1:06.7	I'm not good at reading, Dylan.
1:08.9	My job actually is to keep him on track, Dylan.
1:11.1	I'm here for you.
1:11.8	Yeah, that's a hard job.
1:13.6	So, Dylan, you bought a car and what makes you think it was in a flood?
	...

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