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Ramsey Everyday Millionaires

Should We Buy A Bigger Car Or Pay Down Our House?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.83.6K Ratings

🗓️ 24 March 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget!   Listen to how ordinary people built extraordinary wealth - and how you can, too. You’ll learn how millionaires live on less than they make, avoid debt, invest, and are disciplined and responsible!   Next Steps: 💰Need help with your investments? Connect with a SmartVestor Pro: (SmartVestor Investing Professionals ) #PaidEndorsement   📝Get your free copy of Ramsey’s Complete Guide to Investing: (Ramsey's Complete Guide to Investing)   🏦Take a retirement assessment to find out how much you’ll need to retire: (Retire Inspired with the R:IQ Retirement Assessment)   📈See how much your investments could be worth over time with this handy calculator: (Investment Calculator)   🧑‍💻Explore free investing tools, articles and more on the Ramsey Investing Hub: (Ramsey Investing Tools and Resources)   Listen to more from Ramsey Network 🎙️ The Ramsey Show  🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership 💸 The Ramsey Show Highlights   Learn more about your ad choices.    Ramsey Solutions Privacy Policy

Transcript

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0:00.0

This episode is brought to you by SmartVester.

0:08.0

Connect with an investing pro near you at ramsysolutions.com slash smartvester.

0:13.6

All right, let's go to the phones, and we have Zach in Albany, New York.

0:18.4

Hi, Zach. Welcome to the show.

0:20.3

Hey, guys. How are you? Thanks for having me on the show.

0:22.6

Absolutely. How can we help? So my wife and I are having a debate. We're on baby steps four, five, and six. And we're having a debate as to whether pay our house off or to buy a new vehicle.

0:36.5

All right. So tell me about the car. What car do you want to

0:39.0

replace? We want to replace her car. It's a smaller SUV and it gets a little crammed with the

0:49.3

baby seat in there and we may be expecting a second one. So she would like to upgrade in vehicle

0:56.2

so we're not crammed into her car. Okay, so it's more of a more of a convenience upgrade, if

1:02.7

you will, not that the car is falling apart and we have to replace it. So not urgent, but more

1:07.7

just out of like, yeah, the convenience of life. Stupid question. Could you get like a slimmer baby seat and solve all of this?

1:14.6

I don't know if they make those, but I guess I could look.

1:17.1

Oh, they do. I've done my baby-see research, my friend.

1:20.4

But anyways, let's talk more about this. What is that car going to cost this she wants?

1:25.3

She's looking at a GMC

1:27.5

Yukon. We would buy used,

1:29.5

not new.

1:31.4

How big is your baby, man?

1:34.2

What's that?

1:34.9

How big is your baby that you need a Yukon?

1:37.8

Well, we already have one,

...

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