I own a tractor dealership. Our brand offers 0% financing. But, if you pay cash, the cost of the tractor is reduced by $2500-6000 depending on the model. So you're just paying all the interest up front to get the 0%.
Most car dealerships charge more or significantly increased fees if you attempt to pay for a vehicle in cash. They make most of their money in financing, so they have to make up for that loss if you don’t finance. It’s definitely not always true that you get a better price with cash.
Assuming you've already negotiated the "best price" on a car, and you're offered a choice between $2000 off if you pay cash or accept their 7% dealer financing versus $900 off and a 0% APR loan for 36 months, it's a pretty easy computation. You make a couple of assumptions on the interest rate you'll get for invested money and compare it to the the $1100 difference (+tax). You then take the 0%, setup automated payments for 35 months (to be safe), and pocket the difference over three years. On a $55K loan, you'll make back the $1100 in five months. After that, it's all "profit". I can't see any risk if you have the money to pay cash for the vehicle.
The best way to ask the dealer for 2 offers and they would even do the math for you (it only work if both offers are the same length and same down-payment). Than whichever had lower payments is better, especially if the one with interest has a low interest. I'm also assuming that there will be no early payments, but unless the difference is tiny, it shouldn't really matter.
You can't negotiate best price while loans and interest exist. The only reason why everything is expensive is that people are allowed to loan and pay more for things they can't afford. If no one buy using loans with or without 0% interest, The prices of everything will go down drastically because these dealers won't be able to sell their overpriced equipment.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420k losing value because of high inflation. Where else can we keep our money?
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
No, there is no catch to 0% financing. 0% is 0%. The real problem is foolishly buying things based on the “affordability” of payments vs the actual cost of the item. I was prepared to buy my last car with cash. When I was offered 0.9% financing, of course I took it and rolled every last penny of transaction costs into it. Now my cash happily sits in a savings account earning 5%. If/when savings rates drop below 1%, yeah I’ll pay that loan off. I get it, you are trying to stop people from doing something stupid, but focus on the real problem. 0% loans are not stupid. Buying something you can’t afford, financed or not, is.
Ya and a 0% or any payment plan these days GETS people to buy things they can’t afford more than any other marketing method these companies do. That’s the issue.
@@MikeHobbsthere are people who are financially irresponsible or lack impulse control that will spend more than they can pay. But it's mostly because of credit not 0% interest. Somewhere in their mind they think a credit card is free money instead of a loan with extraordinarily high interest.
@@roadrunner40 payment plans are also the issue. Even 0% payment plans. I was buying a computer the other day and that option for payment plan right there at checkout. $100/month sounds soooo much better than the full price option. People rack up too many payment plans and go broke and can’t pay it all back. They should only buy things they have the money for right now. It’s a major issue no one talks about and almost everyone does.
In Canada they charge an "admin" fee to take out the 12 months 0 interest deals. If you take a short period like 3 or 6 months there usually is no fee. I use it when I know I have the cash, earn interest for a few months then pay in full but would not recommend if you are not diligently tracking the pay off date
My wife and I financed some Furniture at 0% on a Black Friday deal a few years ago when we bought our first house. The salesperson explained the deferred interest and warned me about it. I made sure I was aware of it and when I reached out to make the final payment ahead of schedule, they applied it incorrectly and I got a bill for the interest. Ended up getting it reversed but what a headache!
I don't think you're right about the car deals. Here are two examples. I purchased my Tundra in 2019 for a 0% APR loan, with a sticker price of $56k, and I paid $49k. Another example is my 2022 Sienna, which I purchased for 0% APR, with a sticker price of $58k, and spent $56k(2k off the sticker price during the pandemic was a heck of a deal). And yes, I had the cash that I had invested. In general, you are right; I am definitely not the ideal customer for these deals, but if you are smart enough, you can use these deals for your own gains.
@@Joemama_515 you have no idea. He ruined my life and only after four years of hard work have I recovered slightly from his miserable teaching and direction.
Manufacturers foot the bill for 0% interest. Their typical tactics to increase sales are either rebates (lower sales price), increased incentive to the dealer, or financing promos. Reducing interest rate of a loan costs money, even if it's a captive lender (Ex. Toyota financing). Let's say 0% costs the Mfg $3k, they could've given you $3k off or you get the 0%. GM is more transparent about giving you those options. I would say George was giving more of an example of paying msrp, what he should've said was "a higher price". But he's not mentioning that dealers are less likely to work with you on cash deals because they get paid for writing loans. Nothing stopping you from getting a loan and paying it off in 1-3mo.
As a salesman, I rather would lose the sale than to tell someone we have zero interest financing available. I never promote it and only speak about it when directly asked by the customer.
We actually did this with a sears cc on a kitchen reno we had saved up for. We bought the appliances with their cc and put the cc away. We paid it off in 11 months (my parents found out the hard way that the dates didn't match in the 90s) and added the money to put us over on a savings account that was above inflation. It wasn't a ton of money but doing this sort of thing adds up. My parents didn't read small print when I was a kid. As an adult, I always read the small print. If we'd lost a job during the 11 months, we made sure we had the money available. Also, we picked appliances from the display, so they were discounted. I learned a lot from my parents being terrible with money.
Bought a tractor at 0%. Used it hard for 5 years and paid it off in that time. Made a lot of money with it and sold it for almost what I paid. Was able to take that money and what I saved to pay cash for a more capable machine.
@priestesslucy3299 48 months 0%. Just high payments because it's 4yrs compared to 60 to 72 months that most ppl get to lower thier payments I seen some during covid dealerships were offering 84 months 0%. I would of jump on that and try to pay off within 60 months or less. At the rate dealerships are going now, price dropping. I'm sure 0% will be back with 72 or 84 to get rid of inventory. When it does, stick it to them. I want 0% or I'm walking
I bought a sofa for $1200, 0% interest for one year. I paid $200/month for 6 months. Done with plenty of time to spare. I don't really understand how people get tripped up with these things.
@@off-gridengineering3377 I don’t think you understand what getting “sucked into” something means. You get sucked into something bad. Paying $0 in interest is not bad.
They would not offer 0% loans if there was nothing in it for them. They know that most people will not pay off the loan on time and they will make money. The people in the comments talking about opening a 0% loan and putting money into an hysa or index fund are not your average person needing a car 😂.
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I did that once for a refrigerator once. It was 18 months 0% interest and I paid it off in 14 months. It was helpful for my budgeting, but I could feel them wanting to screw me other every month and made sure I didn't pay any interest.
i did the same thing. i had the cash but the 0% interest was an option for the same price. sometimes I rather go through tracking it every month rather than giving them all my money at once.
I find it funny that the Ramsey still pushes the narrative that buying a car in cash lets you get the car at a lower price. Dealerships will always charge you more for paying in cash, they just do so through their fees.
@@GeorgeKamel I bought a used car in Jan 2021 that had 23k miles on it for $11k and recently had to replace the car when the transmission went out at 218k miles on it. I work as a mobile notary and as you can tell put ridiculous mileage on cars regularly. I put $8k down on the $15k car I got recently keeping my payment under $150 a month. I will definitely have that paid off in less than 18 months. There’s nothing really wrong with a car payment as long as you aren’t being stupid about it. When I used to work in healthcare, I worked with a staff where everyone had a $700-1400 a month car payment and that just ate all of their cash flow. That is just like buying a house with a payment that is half your income, which a bank will definitely let you buy. I like the Money Guy’s rules for buying a car especially in my situation where I put so much mileage on a car so quickly. If you are buying from a dealership, Carmax may be the way to go. The only added fee they tag on is the sales tax and registration costs for the vehicle. Buying from a private buyer has become difficult due to how many scammers there are out there. Love your content though we don’t always see eye to eye on everything.
I've taken 0% apr to pay for large life events. The caveat is that I have the funds to pay it off in full at anytime, but opted to leave the money in investments until the following year mostly to spread and lower the tax burden of the profits, but also to continue gaining interest. Having the debt still lingers even though it is a relatively small portion of my investments, but I will likely do it again in the future as opportunity cost eats at me more than 0% debt. Each person has there own risk tolerance and comfort level for debt, but everyone needs to know how these things actually work so that they don't get caught by the tricks.
We got a fully loaded Rogue for 0% interest. Car was $35k. I negotiated down to $28k, under the MSRP after taxes. Car comfortably almost paid off. You can certainly negotiate!
MSRP is a marketing term and the amount is arbitrary. Manufacturers don't care how much their products retail for; they already got paid by the retailer. Also, sale price is a simple formula: wholesale price x profit margin = retail price. This is a calculation that even the most inept retailers can easily handle without the manufacturer weighing in. MSRP is just a way to give you a psychological anchor so that, compared to MSRP, you *think* you're getting a good deal
What he is talking about ia called arbitrage. In this case instead of paying for something like a $20,000 car in cash up front, you would do a 0% loan, and do something productive with that $20,000 that makes you money. Thia could be just holding it in a high yield savings account or CD, or another short term investment. Then pay off the balence in full before interest starts accruing. If that money is earning more then the interest owed then you are making a profit and it would not make sense to pay it off. This requires effort and attention and is not for everyone, but it is not a scam and you can definitely come out ahead doing it if you are responsible and a good steward.
I wish they would actually acknowledge these things instead of just handwaving all of the actual math away because it doesn't go with their personal beliefs. Smart use of leverage can get people way ahead, but it's certainly not for everyone. I'd argue it's not for a lot of people. Great post!
I paid 12k under sticker for my truck with 30k down (trade-in owned outright) with 0% for 60 months. The truck has a factory 5 year bumper to bumper warranty so no extras. I took the $21k I would have paid in cash to buy the truck outright and put that in my brokerage account and have made like $3k on it conservatively in a little over a year. I over pay my loan every month by about $80 (I like round numbers) so onwschedule to pay it off early. I don’t see where I went wrong. To be fair I had to travel 2 states away to get the deal but still totally worth it since the same truck was $8k more locally.
The only time we ever did a 0% loan (and I wouldn't do it again) we bought only and exactly what we went there to buy. We could have paid cash ten times over for what we bought. The loan was paid off with plenty of time in case there were any "accounting errors" that would cause us to have pay the interest so we were one of the people that came out ok. But it was totally not worth the hassle and risk for the puny amount of interest we earned on the money while it was in the bank instead of using that money to just buy it for cash in the first place.
I had the choice between 0% financing or 6.5% traditional loan with cash rebate on a Mazda 3. In the end with the traditional loan it was 80$ cheaper a month for 60 month compared to the 0%. It was an open loan that I paid for in 18 months.
If you have cash, on a 0% interest rate, there's absolutely no point in paying cash. Just put it away in a HYSA or invest it somewhere else. Its completely dumb to pay in Cash when you can get an interest free loan. Now, if you don't have the money to buy the car in cash, then its up to you to determine your financial situation.
There is always a point paying a cash and not having a monthly payment for four years. It is still a loan. You can use your extra payment and put into an index mutual fund at 14 percent growth vice the 4.25 HYSA account!!
@@slashdash5279 You could do the same thing with all of the cash you saved for upfront by taking the financing too, though. If you only need to put down 20% of the cars value instead of 100%, you could invest the extra 80% of cash into a 14% mutual fund (your statement, not mine) and almost certainly come out ahead by a good margin compared to investing the value of that monthly payment each month.
I bought my truck in 2014. The dealership offered 2.99% if I took extended warranty. If I didn't, the rate was 5.99%. Total payment would have been the same in either case. I took the 2.99% instead of asking my credit union, as the total payment was still within my budget. Today, I would do a different deal.
My excavator is at 2%. Since buying it the price has gone up 30%. If I would have paid cash I would not have bought it right then because dropping 52,000 cash price vs 880 a month for 60 months Is a terrible business decision that murders your cash flow. Since buying it I've made so much money with it I don't notice the payment and I still have enough I could pay it off if I wanted to. Moral of the story consumer debt bad, debt for an existing business exponentially increases returns.
Bought zero percent furniture, was to be 2 yr. At 1 yr they started charging me int. I had to make a stink to get it corrected. Would not do again with any kind of significant balance. That was the ashley furniture special.
I've always said that when people think they're getting by without paying any interest, I'm always thinking the costs have to be baked into the payment already. And the interest you pay for being late is double the screw over they get from you.
Certain medical bills like braces are 0% and paid as time progresses. It is technically debt, but also considered a prepaid in accounting terms. If the ortho goes under, you don't have the money or service completed.
I think there is a caveat to this. I take 12 or 24 month no interest or 0% APR deals all the time. Not because I cannot pay in cash right now simple to spread it out over time and build credit. I could pay it now and have a tight month or 2 to recover or have a comfortable 12-24 months, knowing I can pay the full balance any time I want.
Not George sticking it to car salesman and UA-camr “Steve” Richards 😂. We bought our SUV in 2020 with 0% financing and paid it off three years in (two years early). We could’ve paid cash for a significant portion of it but went with the financing just in case. (I was pregnant then and we didn’t want to cut our savings.) Now it’s the best car ever because it’s paid for ❤.
MSRP is a marketing term and the amount is arbitrary. Manufacturers don't care how much their products retail for; they already got paid by the retailer. Also, sale price is a simple formula: wholesale price x profit margin = retail price. This is a calculation that even the most inept retailers can easily handle without the manufacturer weighing in. MSRP is just a way to give you a psychological anchor so that, compared to MSRP, you *think* you're getting a good deal
One of the biggest problems with the David Ramsey ideology, is that debt is not inherently bad. What's bad, is paying more for something than it's worth, or using debt to buy things that aren't needed. It is easy, in most cases, to justify using debt instruments to buy something like a car, or a house, or education, or ... a ton of things that add real value to your life or are necessary to be able to do so. If you can do this by borrowing the capital for 0 interest and a mild markup, that's not necessarily a bad trade....access to capital costs something. Details matter.
I'm not sold on every 0% interest loan being bait. Case in point. I brokered a deal for my MIL on a brand new 2020 Sonata SE in her color of choice. I was able to bargain the price below invoice. Since she had stellar credit, she was able to take advantage of Hyundai's monthly incentive of 0% financing. I say she won that transaction.
I upgraded to the 15 pro but bought it refurbished in Amazon and saved $150. Then that was after doing a trade in for my 13 pro for an S24 ultra. The. Sold that phone for $990 after profit. Then total cost for my upgrade was around $400
Tractor will still be there for you when she cheats, blames you, then leaves with the kids, and sues you for support. Tractor will always be there for you.
Scenario 1: If you can afford it in cash and you get a 0% financing offer. Take the offer and invest/put into HYS the rest of the cash. Bottom line: you make money. Scenario 2: You can’t afford it in cash. Save money and then make the purchase. You can also refer to scenario 1 after you have the full sum. There’s no need to demonize a great financial tool. I’ve used it many times over the years and never paid any interest.
i bought a central heatpump and a pergola with no interest for 24 months. about to pay them all off with no interest paid. you have to be diligent and on top of it.
I can’t believe you said Samsung frame right when I was thinking about it, but we won’t be financing. We do the Christmas club account every year so we will be right on track to purchase it cash🤣
@@jollama yeah, it is made for high quality digital picture display, hence the name “Frame” it has a very low refresh rate. Why in the world would anyone buy it to watch TV??!! That would just be stupid🤪 Do people actually try to watch TV and movies on it??!! My brother is an amazing photographer and I want to display all of his spectacular landscapes.
Lowe’s, Mattress Firm, etc. have zero percent interest for a period of time. If you pay the normal amount, you will not pay off the item, and accrued interest, 29% or so will hit you on the whole amount. I bought appliances at Lowes and a very nice bed at Mattress Firm under these terms. I just paid the darn things off early, and paid no interest. Look at the terms.
Every situation is different....it's hard to paint every scenario with broad strokes, if you were going to buy the vehicle anyway, and you can afford it, and they're offering zero percent, then take it! Even if you did have all the money sitting around, don't drop it all in a car all at once! Take that money, put it into a moderate growth stock mutual fund, that will return you 6 to 10%, and then finance the car at 0%. That's just good economics 101. In general, I agree with a lot of stuff that Ramsey solutions preaches, but on stuff like this, it's hard to beat free money.
Actually, cash is trash. Saying you can pay cash for a car today means NOTHING to a dealership these days. It actually costs them money because banks pay the dealer 1-3% of the loan value.
Unless you can pay cash and would’ve bought anyway, and you can receive a positive interest rate that’s relatively liquid anyway, I’d stay away from 0% interest loans
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Wife and I moved cross-country after buying a home and needed new furniture. We had the cash to pay upfront but 0% financed just in case moving expenses were more expensive than anticipated so we could have a buffer. Originally a 6 months term but we paid it off in 3. Moral of the story, don’t be stupid.
I'll take 0% 18 months financing something like furniture or house goods. I've always had the cash up front. If it's 18 months I pay it off in 17 months and setup autopay. You can always call and ask for the maturation date. They'll tell you.
I mean if you cant afford it to begin with then ya its a bad idea. What if you were planning on buying no matter what and you know you can pay it off before you lose the 0% then what do you have to lose
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The key is to only buy on credit what you can afford in cash. You just give yourself more time to pay and leverage your cash in case of emergencies. If you have no cash savings you have no business using a credit card or getting a loan period. I don't care if you do have cash flow
When I make these purchases I set the total amount in a savings account to close it out before the expiration. I earn 4% the whole time and actually come out ahead. Debt isn't as bad as you Ramsey folks always talk about
So just negotiate the price first before discussing financing, trade ins or anything else. Something I’ve been doing for years and I never pay MSRP. I never discuss payments. Only price of the car. After the price negotiation if they want to offer me zero interest on the same price then cool.
I agree with most but I have gotten multiple new car loans at 0% with thousands off the sticker as well. My last was a Ford in 2021 the sticker was 64k msrp the dealer had it discounted to 59k plus I had other rebates from Ford that ended up lowering it another 3k. With my trade in I ended up financing it for 43k. I decided to go with 0% and use the cash to invest to earn me money in large cap index fund vs paying cash which ended up netting me back around 24% today. Not all 0% loans are for suckers just have to be aware and shop around especially when the 0% is coming from the manufacturer not the dealer.
If you need the thing (i.e a car) and the price of the thing is the same cash vs. Financing, and the APR is less than high yield savings/T Bills, and you can comfortably afford the payments... you should make the minimum payment and save the rest, until/if savings interest goes below your loan interest. This assumes you have room in your budget for a payment and could potentially pay extra if you wanted to, and the loan term is as short as you can handle (i.e 36 to 48 months max for a car loan). Simularly, if a big down payment won't change the ultimate price, you're better offf saving more of to earn you, say, 5% internet instead of making a lump sum deposit up front. Requires discipline but math is math
Gone for 0% card but have the money to pay off in full. May as well make money on my money while paying it off. simples. Just that most people don't mentally say that the money has gone and use it for other things. Cards are only for the financial savvy.
They get you by overspending, for the last few years I payed cash for my firework for Fourth of July and spend around 2000, this time I spent $1600 and got $500 back and I didn’t over spend and I got 0% for 15 months obviously I can pay it off but I’d rather put $100 a month
I find it odd that you talk about how bad a reduced or 0% financing is (which I agree with you on). But then promote companies that are going to give you “a deal” with “your name” attached. Meaning to me that the pay day means more than your principles….
People are always shooting off about how low their interest rate is on something. I am not sure why debt is something to be proud about. I just assume it means they are broke and will never own anything.
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I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
2:30 the price I could have negotiated if I was paying cash? *_Since when!?_* George I don't know if you've bought a car in the last two decades, but the dealers profit off your loan. They don't want your cash anymore they want your debt.
Ok. I agree. Now I want more information that will actually help me buy a car. I don’t just want info saying don’t do that. I want, “go here to look up good car deals that won’t steal your future!”
Id also add.. learn a few things to inspect when evaluating a car purchase. Things to research online about history & model problems. Plus what things to look for when your test driving. And learn some basic negotiating skills. The sales person practices negotiating every day. Some people are just bad at there job but odds are they are better at negotiating than you. But having at least some strategies & practice should lower the chances of you being completely ripped off. Or... bring someone with you whose really good with these things.
I worked for a dealer (non sales). The manufacturer did end clearance at 0% and the prices were the same as before the clearance. So maybe sometimes George, but not always. This just smells like you pushing the Ramsey philosophy that debt (even interest free), is bad. This is a flawed philosophy in a number of cases, but the Ramsey brand holds too much ego to realize there are valid caveats to their hard and fast rules.
All I have left is 7 years of mortgage. I'll never owe money for anything again if I can help it. I spent till 35 paying for being a fool in my 20s. No thanks, I'm done.
He was bashing the sale tactics that screwed you financially. He provided useful information. And what is wrong with the monthly subscription that you decided to sign up and could pay cash for?
So, your only argument against hedging an inflation appreciation prone asset purchase against a devaluing future dollar is "you will pay more because they'll over charge you anyway" or "you won't be as stressed bro?" Not convincing.
I own a tractor dealership. Our brand offers 0% financing. But, if you pay cash, the cost of the tractor is reduced by $2500-6000 depending on the model. So you're just paying all the interest up front to get the 0%.
On big ticket Items I've always asked about what an outright purchase price is vs the '0%'. You are spot on.
Most car dealerships charge more or significantly increased fees if you attempt to pay for a vehicle in cash. They make most of their money in financing, so they have to make up for that loss if you don’t finance. It’s definitely not always true that you get a better price with cash.
Assuming you've already negotiated the "best price" on a car, and you're offered a choice between $2000 off if you pay cash or accept their 7% dealer financing versus $900 off and a 0% APR loan for 36 months, it's a pretty easy computation. You make a couple of assumptions on the interest rate you'll get for invested money and compare it to the the $1100 difference (+tax). You then take the 0%, setup automated payments for 35 months (to be safe), and pocket the difference over three years. On a $55K loan, you'll make back the $1100 in five months. After that, it's all "profit". I can't see any risk if you have the money to pay cash for the vehicle.
The best way to ask the dealer for 2 offers and they would even do the math for you (it only work if both offers are the same length and same down-payment). Than whichever had lower payments is better, especially if the one with interest has a low interest. I'm also assuming that there will be no early payments, but unless the difference is tiny, it shouldn't really matter.
You can't negotiate best price while loans and interest exist. The only reason why everything is expensive is that people are allowed to loan and pay more for things they can't afford. If no one buy using loans with or without 0% interest, The prices of everything will go down drastically because these dealers won't be able to sell their overpriced equipment.
You're assuming you can negotiate on a 0% loan, which you can't do. I pay the price I want and pay cash, or I don't buy the car.
The problem is, if you actually had to pay cash for that vehicle, you probably wouldn't buy it. That savings is way more than your calculations...
I always finance for the lowest price regardless of interest rates, then I pay it off with the first payment.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Mind if I ask you to recommend this particular coach you using their service?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
I located her, sent her an email, and scheduled a call; hopefully, she will reply because I want to start the new year off financially strong.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420k losing value because of high inflation. Where else can we keep our money?
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
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No, there is no catch to 0% financing. 0% is 0%. The real problem is foolishly buying things based on the “affordability” of payments vs the actual cost of the item. I was prepared to buy my last car with cash. When I was offered 0.9% financing, of course I took it and rolled every last penny of transaction costs into it. Now my cash happily sits in a savings account earning 5%. If/when savings rates drop below 1%, yeah I’ll pay that loan off. I get it, you are trying to stop people from doing something stupid, but focus on the real problem. 0% loans are not stupid. Buying something you can’t afford, financed or not, is.
@@Mariner1460 agree.
I am still trying to understand how 0% finance for a year and paying it off before your term ends is a catch.
Ya and a 0% or any payment plan these days GETS people to buy things they can’t afford more than any other marketing method these companies do. That’s the issue.
@@MikeHobbsthere are people who are financially irresponsible or lack impulse control that will spend more than they can pay. But it's mostly because of credit not 0% interest. Somewhere in their mind they think a credit card is free money instead of a loan with extraordinarily high interest.
@@roadrunner40 payment plans are also the issue. Even 0% payment plans. I was buying a computer the other day and that option for payment plan right there at checkout. $100/month sounds soooo much better than the full price option. People rack up too many payment plans and go broke and can’t pay it all back. They should only buy things they have the money for right now. It’s a major issue no one talks about and almost everyone does.
owing anyone anything stresses me out, even if it was 0%
Want your Ramsey cookie now?
What if it was -1%?
@raymond_sycamore it's a shame you chose to put someone down.
@@emoney1231 still owe someone, -100% might tempt me
@@Chartlaub5 it was funny
In Canada they charge an "admin" fee to take out the 12 months 0 interest deals. If you take a short period like 3 or 6 months there usually is no fee. I use it when I know I have the cash, earn interest for a few months then pay in full but would not recommend if you are not diligently tracking the pay off date
My wife and I financed some
Furniture at 0% on a Black Friday deal a few years ago when we bought our first house. The salesperson explained the deferred interest and warned me about it. I made sure I was aware of it and when I reached out to make the final payment ahead of schedule, they applied it incorrectly and I got a bill for the interest. Ended up getting it reversed but what a headache!
I try to tell people, including my wife and my brother, that there is no finance fairy.
I don't think you're right about the car deals. Here are two examples. I purchased my Tundra in 2019 for a 0% APR loan, with a sticker price of $56k, and I paid $49k. Another example is my 2022 Sienna, which I purchased for 0% APR, with a sticker price of $58k, and spent $56k(2k off the sticker price during the pandemic was a heck of a deal). And yes, I had the cash that I had invested. In general, you are right; I am definitely not the ideal customer for these deals, but if you are smart enough, you can use these deals for your own gains.
The 0% interest is the bait, bro. You bought a $56k car due to the 0% interest, so they still won by giving them the sale.
Yeah, they don't know what they're talking about.
@@raymond_sycamoreyou are all over this post in just 5 hours… 😂😂 jeez want your Ramsey hater of the day cookie or what 🤣
@@Joemama_515 you have no idea. He ruined my life and only after four years of hard work have I recovered slightly from his miserable teaching and direction.
Manufacturers foot the bill for 0% interest. Their typical tactics to increase sales are either rebates (lower sales price), increased incentive to the dealer, or financing promos. Reducing interest rate of a loan costs money, even if it's a captive lender (Ex. Toyota financing). Let's say 0% costs the Mfg $3k, they could've given you $3k off or you get the 0%. GM is more transparent about giving you those options.
I would say George was giving more of an example of paying msrp, what he should've said was "a higher price". But he's not mentioning that dealers are less likely to work with you on cash deals because they get paid for writing loans. Nothing stopping you from getting a loan and paying it off in 1-3mo.
As a salesman, I rather would lose the sale than to tell someone we have zero interest financing available. I never promote it and only speak about it when directly asked by the customer.
We actually did this with a sears cc on a kitchen reno we had saved up for. We bought the appliances with their cc and put the cc away. We paid it off in 11 months (my parents found out the hard way that the dates didn't match in the 90s) and added the money to put us over on a savings account that was above inflation. It wasn't a ton of money but doing this sort of thing adds up.
My parents didn't read small print when I was a kid. As an adult, I always read the small print. If we'd lost a job during the 11 months, we made sure we had the money available. Also, we picked appliances from the display, so they were discounted. I learned a lot from my parents being terrible with money.
Bought a tractor at 0%. Used it hard for 5 years and paid it off in that time. Made a lot of money with it and sold it for almost what I paid. Was able to take that money and what I saved to pay cash for a more capable machine.
I got 0% when I purchased my 09 RAM.
The only down side, high payments for 4yrs.
I still drive that truck today at 228,000 and still going strong
Was the 0% for the life of the loan?
@priestesslucy3299
48 months 0%.
Just high payments because it's 4yrs compared to 60 to 72 months that most ppl get to lower thier payments
I seen some during covid dealerships were offering 84 months 0%. I would of jump on that and try to pay off within 60 months or less.
At the rate dealerships are going now, price dropping. I'm sure 0% will be back with 72 or 84 to get rid of inventory. When it does, stick it to them. I want 0% or I'm walking
@@priestesslucy My '22 RAM is 0% and it's awesome
@@DanielGarcia-zz9eg You obviously know your stuff, congrats on saving money.
@@DanielGarcia-zz9eg why would you want to pay off a 0% loan two years sooner than you have to ? if the life of the loan is 0% what’s the point?
I just discovered this channel through the Ramsey podcast and I already love it. 😂 Más drama ! Love u teta lmaoo
I bought a sofa for $1200, 0% interest for one year. I paid $200/month for 6 months. Done with plenty of time to spare. I don't really understand how people get tripped up with these things.
You got sucked into it 😂.
@@off-gridengineering3377 I don’t think you understand what getting “sucked into” something means. You get sucked into something bad. Paying $0 in interest is not bad.
You got a good line of credit paid in full. A variety of types of good paid off lines is a good thing.
They would not offer 0% loans if there was nothing in it for them. They know that most people will not pay off the loan on time and they will make money. The people in the comments talking about opening a 0% loan and putting money into an hysa or index fund are not your average person needing a car 😂.
Right? They are smarter than the average person
I actually didn’t know that about the APR vs 0% interest.❤
Dude! I love the little edits. Hilarious!
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I did that once for a refrigerator once. It was 18 months 0% interest and I paid it off in 14 months. It was helpful for my budgeting, but I could feel them wanting to screw me other every month and made sure I didn't pay any interest.
i did the same thing. i had the cash but the 0% interest was an option for the same price. sometimes I rather go through tracking it every month rather than giving them all my money at once.
Very insightful. Thank you
I find it funny that the Ramsey still pushes the narrative that buying a car in cash lets you get the car at a lower price. Dealerships will always charge you more for paying in cash, they just do so through their fees.
It’s not that it’s always a lower price, it’s that the total cost of ownership is lower because you’re not financing like a broke American idiot
@@GeorgeKamel I bought a used car in Jan 2021 that had 23k miles on it for $11k and recently had to replace the car when the transmission went out at 218k miles on it. I work as a mobile notary and as you can tell put ridiculous mileage on cars regularly. I put $8k down on the $15k car I got recently keeping my payment under $150 a month. I will definitely have that paid off in less than 18 months.
There’s nothing really wrong with a car payment as long as you aren’t being stupid about it. When I used to work in healthcare, I worked with a staff where everyone had a $700-1400 a month car payment and that just ate all of their cash flow. That is just like buying a house with a payment that is half your income, which a bank will definitely let you buy.
I like the Money Guy’s rules for buying a car especially in my situation where I put so much mileage on a car so quickly. If you are buying from a dealership, Carmax may be the way to go. The only added fee they tag on is the sales tax and registration costs for the vehicle. Buying from a private buyer has become difficult due to how many scammers there are out there.
Love your content though we don’t always see eye to eye on everything.
I've taken 0% apr to pay for large life events. The caveat is that I have the funds to pay it off in full at anytime, but opted to leave the money in investments until the following year mostly to spread and lower the tax burden of the profits, but also to continue gaining interest. Having the debt still lingers even though it is a relatively small portion of my investments, but I will likely do it again in the future as opportunity cost eats at me more than 0% debt. Each person has there own risk tolerance and comfort level for debt, but everyone needs to know how these things actually work so that they don't get caught by the tricks.
We got a fully loaded Rogue for 0% interest. Car was $35k. I negotiated down to $28k, under the MSRP after taxes. Car comfortably almost paid off. You can certainly negotiate!
Same, I got 3k off my '22 RAM with a 0% interest loan. George is wrong
MSRP is a marketing term and the amount is arbitrary. Manufacturers don't care how much their products retail for; they already got paid by the retailer. Also, sale price is a simple formula: wholesale price x profit margin = retail price. This is a calculation that even the most inept retailers can easily handle without the manufacturer weighing in. MSRP is just a way to give you a psychological anchor so that, compared to MSRP, you *think* you're getting a good deal
Brought my Toyota Yaris in 2010 for 0% APR, 6 year loan. 14 years later I have not had a car payment in 8 years, and my Toyota still runs great.
What he is talking about ia called arbitrage. In this case instead of paying for something like a $20,000 car in cash up front, you would do a 0% loan, and do something productive with that $20,000 that makes you money. Thia could be just holding it in a high yield savings account or CD, or another short term investment. Then pay off the balence in full before interest starts accruing. If that money is earning more then the interest owed then you are making a profit and it would not make sense to pay it off.
This requires effort and attention and is not for everyone, but it is not a scam and you can definitely come out ahead doing it if you are responsible and a good steward.
I wish they would actually acknowledge these things instead of just handwaving all of the actual math away because it doesn't go with their personal beliefs.
Smart use of leverage can get people way ahead, but it's certainly not for everyone. I'd argue it's not for a lot of people.
Great post!
I paid 12k under sticker for my truck with 30k down (trade-in owned outright) with 0% for 60 months. The truck has a factory 5 year bumper to bumper warranty so no extras. I took the $21k I would have paid in cash to buy the truck outright and put that in my brokerage account and have made like $3k on it conservatively in a little over a year. I over pay my loan every month by about $80 (I like round numbers) so onwschedule to pay it off early. I don’t see where I went wrong. To be fair I had to travel 2 states away to get the deal but still totally worth it since the same truck was $8k more locally.
The only time we ever did a 0% loan (and I wouldn't do it again) we bought only and exactly what we went there to buy. We could have paid cash ten times over for what we bought. The loan was paid off with plenty of time in case there were any "accounting errors" that would cause us to have pay the interest so we were one of the people that came out ok. But it was totally not worth the hassle and risk for the puny amount of interest we earned on the money while it was in the bank instead of using that money to just buy it for cash in the first place.
Being in debt fills like a trap.
Gotta play the game. Leverage is your freind.
Because it is. Present you gets the thing but future you has their workday tied up in past decisions
@@renegomez6679 well buying a Nissan rogue with other people's money won't get you far in life, except not being able to retire
Thanks Captain Obvious
@josh3221ify zero percent interest though I mean that's a no brainer.
I had the choice between 0% financing or 6.5% traditional loan with cash rebate on a Mazda 3. In the end with the traditional loan it was 80$ cheaper a month for 60 month compared to the 0%. It was an open loan that I paid for in 18 months.
If you have cash, on a 0% interest rate, there's absolutely no point in paying cash. Just put it away in a HYSA or invest it somewhere else. Its completely dumb to pay in Cash when you can get an interest free loan.
Now, if you don't have the money to buy the car in cash, then its up to you to determine your financial situation.
There is always a point paying a cash and not having a monthly payment for four years. It is still a loan. You can use your extra payment and put into an index mutual fund at 14 percent growth vice the 4.25 HYSA account!!
@@slashdash5279 You can’t if paying cash left you no extra to invest.
@@slashdash5279
That is what I do!
@@slashdash5279 You could do the same thing with all of the cash you saved for upfront by taking the financing too, though. If you only need to put down 20% of the cars value instead of 100%, you could invest the extra 80% of cash into a 14% mutual fund (your statement, not mine) and almost certainly come out ahead by a good margin compared to investing the value of that monthly payment each month.
I bought my truck in 2014. The dealership offered 2.99% if I took extended warranty. If I didn't, the rate was 5.99%. Total payment would have been the same in either case. I took the 2.99% instead of asking my credit union, as the total payment was still within my budget. Today, I would do a different deal.
My excavator is at 2%. Since buying it the price has gone up 30%. If I would have paid cash I would not have bought it right then because dropping 52,000 cash price vs 880 a month for 60 months Is a terrible business decision that murders your cash flow. Since buying it I've made so much money with it I don't notice the payment and I still have enough I could pay it off if I wanted to. Moral of the story consumer debt bad, debt for an existing business exponentially increases returns.
Bought zero percent furniture, was to be 2 yr. At 1 yr they started charging me int. I had to make a stink to get it corrected. Would not do again with any kind of significant balance. That was the ashley furniture special.
I've always said that when people think they're getting by without paying any interest, I'm always thinking the costs have to be baked into the payment already. And the interest you pay for being late is double the screw over they get from you.
Certain medical bills like braces are 0% and paid as time progresses. It is technically debt, but also considered a prepaid in accounting terms. If the ortho goes under, you don't have the money or service completed.
I think there is a caveat to this. I take 12 or 24 month no interest or 0% APR deals all the time. Not because I cannot pay in cash right now simple to spread it out over time and build credit. I could pay it now and have a tight month or 2 to recover or have a comfortable 12-24 months, knowing I can pay the full balance any time I want.
Not George sticking it to car salesman and UA-camr “Steve” Richards 😂.
We bought our SUV in 2020 with 0% financing and paid it off three years in (two years early). We could’ve paid cash for a significant portion of it but went with the financing just in case. (I was pregnant then and we didn’t want to cut our savings.) Now it’s the best car ever because it’s paid for ❤.
MSRP is a marketing term and the amount is arbitrary. Manufacturers don't care how much their products retail for; they already got paid by the retailer. Also, sale price is a simple formula: wholesale price x profit margin = retail price. This is a calculation that even the most inept retailers can easily handle without the manufacturer weighing in. MSRP is just a way to give you a psychological anchor so that, compared to MSRP, you *think* you're getting a good deal
One of the biggest problems with the David Ramsey ideology, is that debt is not inherently bad. What's bad, is paying more for something than it's worth, or using debt to buy things that aren't needed.
It is easy, in most cases, to justify using debt instruments to buy something like a car, or a house, or education, or ... a ton of things that add real value to your life or are necessary to be able to do so.
If you can do this by borrowing the capital for 0 interest and a mild markup, that's not necessarily a bad trade....access to capital costs something. Details matter.
I'm not sold on every 0% interest loan being bait. Case in point. I brokered a deal for my MIL on a brand new 2020 Sonata SE in her color of choice. I was able to bargain the price below invoice. Since she had stellar credit, she was able to take advantage of Hyundai's monthly incentive of 0% financing. I say she won that transaction.
I upgraded to the 15 pro but bought it refurbished in Amazon and saved $150. Then that was after doing a trade in for my 13 pro for an S24 ultra. The. Sold that phone for $990 after profit. Then total cost for my upgrade was around $400
I just bought a tractor for $70,644 at 0% interest. I didn’t ok it with my wife but it was zero % interest and she got mad! But, I have a tractor.
*starts digging own grave with awesome tractor accessories
A great way to lose half a tractor
Nice.
Happy wife, happy life! I feel for you!
Tractor will still be there for you when she cheats, blames you, then leaves with the kids, and sues you for support. Tractor will always be there for you.
Scenario 1: If you can afford it in cash and you get a 0% financing offer. Take the offer and invest/put into HYS the rest of the cash. Bottom line: you make money.
Scenario 2: You can’t afford it in cash. Save money and then make the purchase. You can also refer to scenario 1 after you have the full sum.
There’s no need to demonize a great financial tool. I’ve used it many times over the years and never paid any interest.
i bought a central heatpump and a pergola with no interest for 24 months. about to pay them all off with no interest paid. you have to be diligent and on top of it.
I ❤ this guy! You’re hilarious but give us the real deal! Ty
I can’t believe you said Samsung frame right when I was thinking about it, but we won’t be financing. We do the Christmas club account every year so we will be right on track to purchase it cash🤣
You know that’s a trash TV right?
@@jollama yeah, it is made for high quality digital picture display, hence the name “Frame” it has a very low refresh rate. Why in the world would anyone buy it to watch TV??!! That would just be stupid🤪 Do people actually try to watch TV and movies on it??!! My brother is an amazing photographer and I want to display all of his spectacular landscapes.
Lowe’s, Mattress Firm, etc. have zero percent interest for a period of time. If you pay the normal amount, you will not pay off the item, and accrued interest, 29% or so will hit you on the whole amount. I bought appliances at Lowes and a very nice bed at Mattress Firm under these terms. I just paid the darn things off early, and paid no interest. Look at the terms.
We bought a car at 0 percent. Before we landed on that, we negotiated the OTD price. We then bought it at that price using 0 percent loan.
I have learned how to be the bank instead of borrowing from it!
Praise The Lord!😊
Every situation is different....it's hard to paint every scenario with broad strokes, if you were going to buy the vehicle anyway, and you can afford it, and they're offering zero percent, then take it! Even if you did have all the money sitting around, don't drop it all in a car all at once! Take that money, put it into a moderate growth stock mutual fund, that will return you 6 to 10%, and then finance the car at 0%. That's just good economics 101. In general, I agree with a lot of stuff that Ramsey solutions preaches, but on stuff like this, it's hard to beat free money.
Actually, cash is trash. Saying you can pay cash for a car today means NOTHING to a dealership these days. It actually costs them money because banks pay the dealer 1-3% of the loan value.
This is why you never say you are paying cash until you have the sale price locked in.
Unless you can pay cash and would’ve bought anyway, and you can receive a positive interest rate that’s relatively liquid anyway, I’d stay away from 0% interest loans
Law 40 of 48. Anything that is offered for free is dangerous. It either involves a trick or a hidden obligation.
Thanks George
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Wife and I moved cross-country after buying a home and needed new furniture. We had the cash to pay upfront but 0% financed just in case moving expenses were more expensive than anticipated so we could have a buffer. Originally a 6 months term but we paid it off in 3. Moral of the story, don’t be stupid.
I'll take 0% 18 months financing something like furniture or house goods. I've always had the cash up front. If it's 18 months I pay it off in 17 months and setup autopay. You can always call and ask for the maturation date. They'll tell you.
That's why you negotiate and lock in the out the door price before you start discussing financing options.
I mean if you cant afford it to begin with then ya its a bad idea. What if you were planning on buying no matter what and you know you can pay it off before you lose the 0% then what do you have to lose
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The key is to only buy on credit what you can afford in cash. You just give yourself more time to pay and leverage your cash in case of emergencies. If you have no cash savings you have no business using a credit card or getting a loan period. I don't care if you do have cash flow
Coincidentally, I have 0% interest in ANY car payment.
Just remember. Dave said he wouldn’t borrow $1,000,000,000 at 0%. Total grift
When I make these purchases I set the total amount in a savings account to close it out before the expiration. I earn 4% the whole time and actually come out ahead. Debt isn't as bad as you Ramsey folks always talk about
It’s like common sense or any alternative approach is unheard of. Debt isn’t the four letter word everyone makes it out to be.
But what about Apple, whose 0% is the same as the cash price?
So just negotiate the price first before discussing financing, trade ins or anything else. Something I’ve been doing for years and I never pay MSRP. I never discuss payments. Only price of the car. After the price negotiation if they want to offer me zero interest on the same price then cool.
I agree with most but I have gotten multiple new car loans at 0% with thousands off the sticker as well. My last was a Ford in 2021 the sticker was 64k msrp the dealer had it discounted to 59k plus I had other rebates from Ford that ended up lowering it another 3k. With my trade in I ended up financing it for 43k. I decided to go with 0% and use the cash to invest to earn me money in large cap index fund vs paying cash which ended up netting me back around 24% today. Not all 0% loans are for suckers just have to be aware and shop around especially when the 0% is coming from the manufacturer not the dealer.
So you paid 43k for a Ford? Sounds like a sucker to me 😂
If you need the thing (i.e a car) and the price of the thing is the same cash vs. Financing, and the APR is less than high yield savings/T Bills, and you can comfortably afford the payments... you should make the minimum payment and save the rest, until/if savings interest goes below your loan interest. This assumes you have room in your budget for a payment and could potentially pay extra if you wanted to, and the loan term is as short as you can handle (i.e 36 to 48 months max for a car loan). Simularly, if a big down payment won't change the ultimate price, you're better offf saving more of to earn you, say, 5% internet instead of making a lump sum deposit up front. Requires discipline but math is math
Gone for 0% card but have the money to pay off in full. May as well make money on my money while paying it off. simples. Just that most people don't mentally say that the money has gone and use it for other things. Cards are only for the financial savvy.
if you have the cash to purchase it, its way better to go 0% loan and just put that cash in a high yield savings account
They get you by overspending, for the last few years I payed cash for my firework for Fourth of July and spend around 2000, this time I spent $1600 and got $500 back and I didn’t over spend and I got 0% for 15 months obviously I can pay it off but I’d rather put $100 a month
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There is nothing wrong with a zero interest loan. Just be sure that what your buying is a good price.
I got 0% and paid below MSRP
I find it odd that you talk about how bad a reduced or 0% financing is (which I agree with you on). But then promote companies that are going to give you “a deal” with “your name” attached. Meaning to me that the pay day means more than your principles….
Debt and financing versus a discount and paying cash are two very different things. Don’t conflate the two.
Ask for the “cash price” on 0% interest loans.
Lol that jacket is crazy blue it almost looks like you're in black & white by comparison.
People are always shooting off about how low their interest rate is on something. I am not sure why debt is something to be proud about. I just assume it means they are broke and will never own anything.
You need to be more clear in the first half of the video that you are talking about No interest payment loans vs %0 apr loans.
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he's mostly on Telegrams, using the user-name
@Clark325
2:30 the price I could have negotiated if I was paying cash? *_Since when!?_*
George I don't know if you've bought a car in the last two decades, but the dealers profit off your loan. They don't want your cash anymore they want your debt.
Ok. I agree. Now I want more information that will actually help me buy a car. I don’t just want info saying don’t do that. I want, “go here to look up good car deals that won’t steal your future!”
There’s no hacks. Work hard, save and pay cash for a used vehicle that’s been checked out by a reputable mechanic you trust
Id also add.. learn a few things to inspect when evaluating a car purchase. Things to research online about history & model problems. Plus what things to look for when your test driving. And learn some basic negotiating skills. The sales person practices negotiating every day. Some people are just bad at there job but odds are they are better at negotiating than you. But having at least some strategies & practice should lower the chances of you being completely ripped off.
Or... bring someone with you whose really good with these things.
I recommend listening/watching CarEdge on UA-cam. They have a ton of great material for buying cars.
This guy is full of it. You can absolutely get a deal as well as 0 interest. I've done it countless times.
There is a big difference between a 0% car loan and deferred interests credit cards they offer in stores.
Not all his info is correct here.
5:24
Ayy that’s the guy on Deal or No Deal that got shot recently
Its simple just stay out of debt….or pay off your credit card in full each month…..beat them at their own game……
I worked for a dealer (non sales). The manufacturer did end clearance at 0% and the prices were the same as before the clearance.
So maybe sometimes George, but not always. This just smells like you pushing the Ramsey philosophy that debt (even interest free), is bad. This is a flawed philosophy in a number of cases, but the Ramsey brand holds too much ego to realize there are valid caveats to their hard and fast rules.
Its not about the interest its all about PRICE!
All I have left is 7 years of mortgage. I'll never owe money for anything again if I can help it. I spent till 35 paying for being a fool in my 20s. No thanks, I'm done.
Another UA-camr I watch calls zero percent loans, sucker loans.
The irony of George bashing salesmen, then proceeds to spend 2mins on every video plugging a bunch of random monthly subscriptions.
All Ramsey & Co. do is crappy sales gimmicks to fuel their FOR PROFIT Christian evangelical mission.
Wow your brain is huge man
He was bashing the sale tactics that screwed you financially. He provided useful information. And what is wrong with the monthly subscription that you decided to sign up and could pay cash for?
@@ungphuc hmmm coolaid is so good.... hmmmm... why did that guy over there just collapse? oh, wait....
@@raymond_sycamorethere’s no such thing as a free lunch 😂…….,anywhere now
Thank you George
Thank you Ramsey solution
I haven't paid a penny of interest on a car loan since April 2010. Been driving fully owned cars since that date.
If you finance anything at 0%, let it not be a Nissan Rogue
Not a sick game! 😬
Wait… beans?? Sign me up!
"Agents of Deception" may appear to be your new best friend that will be with you forever. Or not.
So, your only argument against hedging an inflation appreciation prone asset purchase against a devaluing future dollar is "you will pay more because they'll over charge you anyway" or "you won't be as stressed bro?"
Not convincing.