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The Ramsey Show Highlights

Your Desperation Got You Screwed By The Car Dealership

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Business, Investing

4.5840 Ratings

🗓️ 31 July 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:07.3

I'm calling because I have a vehicle that basically between the payment and the insurance is about $900.

0:17.7

And I'm not really good with finances and the slightest and I'm trying to figure out

0:22.2

what the next best step is to kind of get out of it. Basically I'm also under, I'm basically

0:29.3

under it as well. I'm definitely not going to be able to get out of it. What I paid for certain

0:35.3

and the payments are basically really, really weighing it down.

0:40.7

Okay.

0:41.4

What do you owe on the car?

0:43.9

I think the remaining balance is about 25 to 26,000.

0:48.1

Where did you get that figure?

0:51.4

That's based off of the buy from um the loan company that i used

0:57.9

okay um is it a lease yes sir okay so the early buyout is they they told you they didn't give

1:09.4

you an actual figure but you know sir it was just about

1:13.0

yeah it was about 25 is from what they'd kind of roughly get into me yeah okay all right

1:18.3

give them an email or a phone call and tell them you need in writing what the buyout is this month

1:23.1

okay okay then we know what we're dealing with with. You said you think it's around 25.

1:29.1

Is that what you said?

1:30.8

Yes, sir.

1:31.5

Okay.

1:31.8

And what do you think the car is worth?

1:35.2

Anywhere from 16 to high, like I saw in Calgo,

...

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