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re: Dave Ramsey Facebook Tip Of the Day

Posted on 10/20/22 at 7:08 pm to
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
40160 posts
Posted on 10/20/22 at 7:08 pm to
quote:

I somewhat agree to a certain point


Same here...

The point not made is if you're buying a NEW car, you probably need a car.

So 100% great idea to not buy a NEW car for $600+ a month, buy you gotta buy something... and you're gonna give up money SOMEWHERE to buy that car...

Used with a note
Save for awhile, pay cash, no note.

Either way you're laying out, let's say, $350 a month.

So $600 - $350 = $250 you could invest... STILL a great financial decision, but not quite what is advertised.
Posted by BearCrocs
Member since Aug 2013
6467 posts
Posted on 10/20/22 at 8:16 pm to
Who the frick has a million cash or "net worth" to go pay cash for a new vehicle.

Like others have said, $600 is way too much for a car note.

Used cars aren't much better.

I'd love to have a nice vehicle, but I can't afford it.
LOL
This post was edited on 10/20/22 at 8:18 pm
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