What's Wrong With Buying a New Car on 0% Interest?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 6 August 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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.
0:03.7	Part of the Ramsey Network.
0:06.3	Dr. John Deloney, Ramsey Personality, is my co-host on the air today.
0:10.6	Casey is with us in Ohio.
0:12.4	Hi, Casey.
0:13.1	Welcome to the Dave Ramsey Show.
0:15.5	Hi, thank you guys for taking my call.
0:17.6	Sure, what's up?
0:19.6	Me and my fiancé are trying to figure out what to do about my call. Sure. What's up? Me and my fiance are trying to figure out what to do
0:22.7	about my vehicle,
0:25.1	which is a truck.
0:28.0	I'd hate
0:28.7	to admit that I took a
0:30.4	loan out because I couldn't pay with cash.
0:33.3	We are starting to do
0:34.9	the baby steps and pay off our debt.
0:37.4	Currently. And I bought We are starting to do the baby steps and pay off our debt. Okay.
0:38.2	Currently.
0:39.9	And I bought a $7,000 truck, and it turned out to be a bit of a lemon.
0:47.1	And I owe $5,000 left on the truck, and I've already paid around $3,000 in repairs.
0:57.0	With right now everything, I'm just so worried about keeping it and keep paying it off
1:02.0	or try and sell it and possibly we'd have to take a loan out for another car,
	...

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