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The Ramsey Show Highlights

Your Giant Car Payment Isn’t Impressing Anybody

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 16 September 2022

⏱️ 10 minutes

🧾️ 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, Dr. John Delony, and George Kamel. 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

This is the Ramsey Call of the day, part of the Ramsey Network.

0:10.6

If you've been watching the news or been on the car lot lately, you know that car prices have been insane.

0:17.6

And with that, it comes some insane decisions.

0:20.3

And then with that, becomes a new average

0:22.8

monthly car payment of $733, according to Kelly Blue Book. Wow. Ken, that is insane. Wow.

0:31.2

That's the average? That's the average. Wow. And interest rates, of course, rising. So the

0:37.0

average, you know, car loan interest rate.

0:39.4

My chest is getting tight, George.

0:40.3

My chest is getting tight.

0:42.3

So my chest is tightening.

0:43.6

It's too much.

0:45.1

Wow.

0:45.3

Because cars are getting more expensive.

0:47.0

Of course, the car payment goes up because that car that you used to pay 35 for is now 45 or 50. And so here's another, I don't want to give you a heart attack on AirCan, but the average

0:57.0

price paid for a new vehicle is up to a new record of $48,000.

1:02.6

Wow.

1:03.6

That is nuts.

1:05.4

And so we like to react to some videos here, and so the producer sent us this one that makes

1:10.4

this number look low you ready

1:12.7

i'm gonna about take your breath away is that right yeah you ready for this i better i just and you

1:16.1

start a breathing i've not seen this video i've not seen this this is not method acting this is true

1:20.2

we're going to get ken's true reaction roll that beautiful bean footage sir what is your car payment

...

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