“You’re $250,000 in Debt!”
The Ramsey Show Highlights
Ramsey Network
4.6 • 682 Ratings
🗓️ 26 December 2024
⏱️ 9 minutes
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| 0:00.0 | Brought to you by the Ramsey Network app. Download today to go further with Ramsey. |
| 0:08.4 | I wanted to get advice on an upside-down car loan that I'm in. I owe 20,864 on it. It's the |
| 0:15.3 | 2020 Chevy Malibu. I've been trying to get rid of it for a while now, but they're saying |
| 0:19.8 | the value is down. |
| 0:21.1 | It now is worth $7,000. |
| 0:23.3 | And I guess I do have a little bit of damages on it, |
| 0:25.6 | but they were saying, like, basically the car, |
| 0:28.6 | it's just so many of the cars, |
| 0:29.9 | and they're being used as rentals, |
| 0:31.3 | that the value of it isn't that great, pretty much. |
| 0:35.3 | Wait a minute. |
| 0:35.9 | What's a little bit of damage, Erica? |
| 0:39.7 | Well, it's just a bad. |
| 0:43.1 | The back cover mirrors are off, and there's like a couple scratches on it, but it's really nothing that bad. |
| 0:49.7 | Okay, and when you're saying they are telling us, telling me, who's they? |
| 0:52.8 | The dealer? |
| 0:53.7 | Yeah, the dealership. |
| 0:55.2 | Have you just Kelly Blue Book did it all? |
| 0:57.9 | I did. |
| 0:58.5 | It's priced it now, I think, between like eight and nine. |
| 1:01.7 | Man, that dropped a lot. |
| 1:04.0 | You must have had a negative. |
... |
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