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The Ramsey Show Highlights

Your Dad Has Been Brainwashed (I’m Sure He’s A Nice Man)

The Ramsey Show Highlights

Ramsey Network

Education, Investing, Business, Self-improvement

4.5838 Ratings

🗓️ 19 November 2024

⏱️ 4 minutes

🧾️ Download transcript

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 i was in a core accident

0:08.0

not too long ago and because of that i do have a backup car that i'm currently in and it's a

0:13.8

1996 uh Chevy blazer and it's it runs good it has a, it has a heater. It's perfect as is.

0:22.4

But I do commute a lot.

0:24.5

So I'm looking to buy a car.

0:27.2

I do have money cash to buy one, but my dad used to be a car salesman.

0:33.4

And he was saying that I shouldn't use this money to buy the car out cash, that I should

0:38.6

get comfortable with paying a little bit of down payment and then make it adjust so that

0:45.0

way I'm comfortable with the monthly payment that I receive.

0:47.9

But I don't like the idea of debt.

0:50.7

I don't like the idea of paying interest because you're paying money for essentially money that you don't have.

0:56.8

So I don't really understand that part, but I just, I want a second opinion.

1:01.6

Well, I'm going to caveat this by saying, I'm sure your dad is a lovely, wonderful, intelligent man, but he has been brainwashed by the car industry.

1:10.1

And can I tell you, car salesmen have some of the worst money habits.

1:13.6

If I had to generalize that I've ever seen in my life,

1:16.1

have you seen these TikTok videos that have been going viral?

1:18.8

Tell me about this.

1:19.7

They go to car dealerships and they go to the staff at the car dealership and they say,

1:23.1

what is your payment, what car?

1:24.9

These people have like $900 a month payments on these cars. They are so all about their ego. They want to look good. And they say, well, you got to get a new car. It's like asking a dentist if you should get your cavity filled. And so I would strongly encourage you to not take your dad's advice when it comes to buying this car.

1:43.7

I mean, I think it's kind of like somebody who packages drugs telling you that a little bit of

1:47.9

drugs are okay. Yeah. You know what I mean? It's a little bit too biased. He's a little too close to it.

...

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