You Were an Innocent Lamb Led to the Slaughter

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 24 May 2024

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.5	The root of my issue is I took out a loan for $17,250 per a car that Kelly Blue Book says it's worth $6,500.
0:16.4	Ooh! Why did you do that? Well, the salesman was really convincing, obviously.
0:25.2	He's so convincing you paid three times what the car's worth?
0:29.4	That's just weird.
0:31.4	They kept all that under the table and didn't show me.
0:34.7	They actually told me that was the wholesale price.
0:36.9	And I'm like, that sounds kind of funny. That doesn't even make sense, though. What kind of car is this?
0:42.2	It's a 2018 Ford Eco Sport, a compact. How old are you? I'm 20. So you walked in there by yourself,
0:52.5	and you had somehow enough sense to get to the dealership,
0:57.3	but while there did not realize that an $18,000 car is a $6,000 car.
1:03.5	That seems kind of weird.
1:05.0	It's very weird.
1:06.5	Did you do any research on this car, you know, before you walked in?
1:10.4	Like, this is what I want to get.
1:12.1	This is what they cost.
1:14.2	I walked in with my only criteria being four doors.
1:18.5	Oh, boy.
1:19.2	Did you have a phone with you?
1:22.9	Did I have a phone with me now?
1:26.2	Wow.
1:27.5	Now, they pulled up the, they didn't have the Carfax or anything like that.
	...

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