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

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 24 March 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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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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