They Did 4 Dumb Things and Now Have a $900/month Payment
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 30 April 2024
⏱️ 4 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.8 | So my question is, I did something very stupid last year. I went ahead and got a Tesla at 13%. |
| 0:14.5 | My payments are $903 a month. And I just, we, my wife and I, I didn't listen to my wife and I did whatever I wanted to do. |
| 0:25.8 | So now I'm stuck in this math. |
| 0:27.0 | Man, that's like four dumb things. |
| 0:29.2 | Tesla, 13%, $900, didn't listen to my wife. |
| 0:33.3 | That's four dumb things. |
| 0:34.9 | Yeah. |
| 0:36.2 | So, um, so my question is, is, we were thinking about getting a personal loan to pay the negative |
| 0:43.1 | equity because I owe $43,000 on the car, but it's only worth about 19 to 20. |
| 0:49.6 | When did you buy it? |
| 0:51.6 | Last year, around March. |
| 0:54.2 | I wasn't aware they were depreciating that bad. I make fun of them all the time, but that's a lot. Did you buy it? Last year, around March. I wasn't aware they were depreciating that bad. |
| 0:56.1 | I make fun of them all the time, but that's a lot. |
| 0:58.0 | Did you roll negative equity into the deal? |
| 1:01.3 | About $5,000. |
| 1:03.0 | Okay. |
| 1:03.9 | Where are you getting your number on what it's worth now? |
| 1:05.7 | That sounds very low. |
| 1:08.2 | KKB, Web's KB? Yeah, private sale or trade-in? |
| 1:14.4 | Uh, trade-in. And it's, it's because I use my car for work, so I'm putting a lot of miles |
| 1:18.9 | every single day. How many miles did you put on it in a year, honey? Uh, about 30,000. |
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