Should I Rent a Car Since I'm Driving 1000 Miles a Week for Work?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 28 January 2021

⏱️ 3 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, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. 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	It's Thursday, and this is the Ramsey Call of the Day.
0:03.8	Part of the Ramsey Network.
0:06.4	Joining me today is Ramsey Personality, Anthony O'Neill.
0:10.5	Bob's in Fort Lauderdale.
0:11.8	Hey, Bob, how are you?
0:14.0	I'm doing fabulous. How are you guys doing?
0:16.0	Better than I deserve. How can I help?
0:19.4	Well, I've got a weird dilemma. I am retired, but I have a very
0:23.8	sweet part-time job. And that part-time job takes me on the road for about a thousand miles a
0:29.8	week. And my car is about getting close to the end of its life. So I'm wrestling in my mind whether to buy a new car, lease a new car,
0:42.3	or just rent a car on the two days that I'm out on the road.
0:46.1	Okay.
0:48.0	Leasing is out the option.
0:49.8	Leasing is not a good option because you're going to run the mileage up over
0:52.9	and it's going to blow up the deal.
0:54.6	It's going to make it not.
0:55.6	Here's the thing.
0:56.6	When you put that many miles on a car, all of us can agree it's going to go down in value very, very quickly.
1:03.9	Agreed?
1:05.4	Probably in about a month.
1:07.1	Yeah, for real.
1:08.9	So if you lease a car, they're not going to lose money on the lease they're not stupid
	...

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