Can I Afford This $130,000 Car?

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  • Опубліковано 31 січ 2023
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КОМЕНТАРІ • 965

  • @jeremyenelson
    @jeremyenelson Рік тому +681

    This guy has already convinced himself he’s buying this car- he just wants Dave’s permission.

    • @JeremyCrescendo
      @JeremyCrescendo Рік тому +12

      😂😂😂

    • @MrMlbfan6
      @MrMlbfan6 Рік тому +12

      Is a gtr tho

    • @emilavilez7739
      @emilavilez7739 Рік тому +2

      Exactly 💯

    • @arthurdebacker3270
      @arthurdebacker3270 Рік тому +10

      Sometimes it's nice that your choices are validated by a guy like Dave. And as Dave said, the guy was humble about it, just wanted to hear a second opinion.

    • @youngblood23rb
      @youngblood23rb Рік тому +1

      If I were him Id buy it in a heart beat

  • @ariforu
    @ariforu Рік тому +457

    If I was Dave, I'd have said "Pay your house off first with that 150K" !

    • @jomontanee
      @jomontanee Рік тому +8

      Me screaming this at the screen right now! 🤣

    • @traceejohnson290
      @traceejohnson290 Рік тому +14

      He has enough money to do both🤔

    • @robertclark4784
      @robertclark4784 Рік тому +15

      The house may be a low enough interest rate where its worth just continuing to pay the mtg

    • @ikbenvoetbal
      @ikbenvoetbal Рік тому +3

      I think dave knew he was already gonna buy the car already

    • @donjohnson1416
      @donjohnson1416 Рік тому +8

      @@robertclark4784 Dont know much about Dave do ya?

  • @todd2456
    @todd2456 Рік тому +833

    I'd take the $130K and pay off the house!

    • @michaelc7014
      @michaelc7014 Рік тому +74

      I'm not saying that that's what I would do, but I can't believe Dave didn't even mention that

    • @reese85
      @reese85 Рік тому +27

      @@michaelc7014 cuz he has the net worth and no other debt but the house

    • @user-tb7rn1il3q
      @user-tb7rn1il3q Рік тому +7

      I would as well. I’d bet the house isn’t worth what he thinks though. Houses are rapidly losing value.

    • @reese85
      @reese85 Рік тому +8

      @@user-tb7rn1il3q if it was appraised at 1.5-1.6 million! It’s not goin to lose a bunch of value! A few hundred thousand at best

    • @BeatKiller81
      @BeatKiller81 Рік тому +8

      A Nissan GTR used will hold its value it won’t appreciate but it’s less than 10 percent of his total net worth. If he’s disciplined enough to just say that’s his toy for the next decade the price shouldn’t matter much

  • @Raven77844
    @Raven77844 3 місяці тому +44

    Not all our purchases are rational. If we're passionate about something go for it. Live your life within means. Dont go bankrupt but enjoy your life

    • @jamesl9539
      @jamesl9539 3 місяці тому +1

      Yes, but do you get extra satisfaction from buying “hey look at me” car? I rather spend it on first class plane tickets rather than spending time with the plebes.

    • @Raven77844
      @Raven77844 3 місяці тому +9

      @jamesl9539 everyone has different interests and hobbies. Whatever floats your boat, go for it.

    • @ShaanNotShawn
      @ShaanNotShawn 3 місяці тому +4

      ​@@jamesl9539 Car enthusiast cars like GTR is not a 'hey look at me' car. For an enthusiast its a car that brings a smile to your face every time you get in and put your foot down. If first class plane tickets give you the same joy then its worth it. For me, that is throwing away money for a couple hours of a little more comfort.

    • @dummy999
      @dummy999 3 місяці тому

      Doesn't mean you have to waste money unnecessarily in the long run. Being diligent and tightly rational are 2 different thinfs

    • @Raven77844
      @Raven77844 3 місяці тому

      @dummy999 wasting money is a relative term. To one individual, it's wasting money, but to another, it's a hobby. No one has a right to say its wasting money as everyone interests are different.

  • @uwone7778
    @uwone7778 Рік тому +74

    Millionaire Adults asking for permission to spend money LOL

    • @SuzukiKid400
      @SuzukiKid400 3 місяці тому +10

      That’s is exactly why they are millionaires. You don’t become a millionaire making less than $200k per year without saving.

    • @bigm980
      @bigm980 3 місяці тому +3

      @@SuzukiKid400 making less than 500-1m per year*. 200-300 is a pretty good bracket for people to run themselves into the ground because they feel like royalty and spend like congress without saving shit. income means very little until youre talking in M's instead of K's

    • @allstarmark12345
      @allstarmark12345 3 місяці тому +1

      I don’t consider this guy a millionaire

    • @zacharyferraro19
      @zacharyferraro19 2 місяці тому +2

      @@allstarmark12345it’s not really about what you consider, it’s what the math says and it says he’s a millionaire

    • @JanembaBuu
      @JanembaBuu Місяць тому

      Praise Jesus,!!!!

  • @CalmerThanYouAre1
    @CalmerThanYouAre1 Рік тому +110

    If he’s “buying the car in cash” but keeping a $150K mortgage, then he’s really mortgaging his house to buy a car. Doesn’t seem in alignment with the Ramsey way… 🤔

    • @marymccann6110
      @marymccann6110 10 місяців тому +14

      Yeah, but it's a car so Dave doesn't care about being consistent.

    • @cmc9823
      @cmc9823 4 місяці тому +9

      The dude is in a great place so Dave is a bit more lenient with him.

    • @farzana6676
      @farzana6676 4 місяці тому +7

      The principles can be bent for a dude who has a $3m net worth.

    • @CalmerThanYouAre1
      @CalmerThanYouAre1 4 місяці тому

      @@farzana6676 if they can be bent for someone with a $3M net worth, they can be bent for someone with a $500K net worth. What net worth do you think Dave would draw the line at..? 🤔

    • @farzana6676
      @farzana6676 4 місяці тому +2

      @@CalmerThanYouAre1 Dave draws the line at $2m net worth.

  • @JreiZz
    @JreiZz Рік тому +134

    The fact that Dave used an F150 Raptor to compare to a GTR in the situation 😂

    • @TheSoulCrisis
      @TheSoulCrisis Рік тому +6

      I don't even know what a GTR looks like but it felt odd lol.

    • @schauerpictures2638
      @schauerpictures2638 Рік тому +13

      Raptor is better in this situation lol. Rather spend the 130 on a 700hp Raptor

    • @toohda
      @toohda Рік тому +11

      @@schauerpictures2638 raptors aren’t 130K, you’d be severely overpaying

    • @ggggg-fo2xq
      @ggggg-fo2xq Рік тому +1

      @@schauerpictures2638 id rather get a raptor and a rivian r1t

    • @jml9550
      @jml9550 Рік тому +7

      Raptor and GTR are completely different category. Raptor is great on dirt road, GTR is all asphalt.

  • @wellerceci
    @wellerceci 4 місяці тому +8

    NO, pay off your house first!!! Until I heard GTR. lol

  • @joshua38410
    @joshua38410 Рік тому +36

    Who cares if it goes down in value. It’s not like he’s trying to sell it. He wants to buy it and keep it. So the value of it doesn’t really matter. Life is short, just buy it. If he didn’t have any money saved, that would be another story

    • @TristanL585
      @TristanL585 3 місяці тому +1

      💯

    • @reaper-sz5tm
      @reaper-sz5tm 3 місяці тому +1

      This is how people stay broke. It’s all about balance. If you buy a 400k car and keep it, you still spent 400k.

    • @wadeharris348
      @wadeharris348 5 днів тому

      @@reaper-sz5tm Then why are you working?

    • @reaper-sz5tm
      @reaper-sz5tm 5 днів тому

      @@wadeharris348 because I love working, not working to stay home all day is weak as fuck

  • @mattyp3119
    @mattyp3119 4 місяці тому +43

    😂 Dave is so over his head when it comes to cars it's hilarious

    • @mosescarrillo
      @mosescarrillo 4 місяці тому +2

      What he’s saying is it’s not guaranteed for it to increase. It’s very easy to crash that car and lose all of its value.

    • @FATmenDRIVEtrucks
      @FATmenDRIVEtrucks 3 місяці тому +8

      @@mosescarrilloit’s a GTR do some research before typing

    • @danieldavison9138
      @danieldavison9138 3 місяці тому +1

      ​@FATmenDRIVEtrucks Unless it's a JDM GTR it likely hasn't appreciated. It sounds like he's describing an R35 by the way he talks about it. Those aren't losing much if any value but they're not gaining either.

    • @FATmenDRIVEtrucks
      @FATmenDRIVEtrucks 3 місяці тому +2

      @danieldavison9138 definitely a R35 there about end it go electric or hybrid. So these will be worth what he pays forever likely. Kinda like a 2008 model cost $70k new still $70k in 2024. My buddy made $16k on his less then a year(covid) I don't think Dave Ramsey understands rare desirable vehicles as much as he thinks. This isn't a dime a dozen corvette or F150 that everyone has lol

  • @richardlampman1497
    @richardlampman1497 Рік тому +137

    Surprised Dave didn't tell him too pay off his house.

    • @heels4lifx
      @heels4lifx Рік тому +15

      Because it wouldn’t make sense. He likely has a low interest mortgage and 1.5 million in equity. People in that position aren’t exactly struggling to make payments.

    • @melissab0515
      @melissab0515 Рік тому +2

      Same!!

    • @Marthastewart209.
      @Marthastewart209. Рік тому +9

      @@heels4lifx I agree, this man has graduated from the baby steps 3.5 million net worth. Dave is treating him like an everyday millionaire, not like a broke person in debt.

    • @vangtk10
      @vangtk10 Рік тому +6

      @@Marthastewart209. an everyday millionaire who has $150k in debt but still goes on to buy a $130k car doesn’t sound right.

    • @catherineogilvie616
      @catherineogilvie616 Рік тому +3

      @@vangtk10 His net worth (assests minus liability) is still in millionaire status so this is the only time it's different -- With that being said - I'd still pay off the car.

  • @batman9512
    @batman9512 Рік тому +30

    GT-R's are one of the least-depreciating sports cars. I would pay off my house first, though.

    • @benserkowski4663
      @benserkowski4663 2 місяці тому

      Yeah but they will go up

    • @batman9512
      @batman9512 2 місяці тому

      @@benserkowski4663 Yes, they will most likely increase in value over time. Obviously, the caller can comfortably afford the car. $150K left on his mortgage isn't much, but I would feel more at ease with my house paid off...and he probably would not be calling Dave to ask his opinion.

  • @BadPhD777
    @BadPhD777 Рік тому +9

    I drove a GTR around a race track back in 2018. I also drove a Lamborghini and a Ferrari. The GTR was most memorable to me because it was a lot of fun to drive, but you can easily drive it home and enjoy it everyday. The Lamborghini & Ferrari felt like race cars with license plates.

  • @4liter
    @4liter 3 місяці тому +5

    TYPE/MAKE of vehicle is a huge question though.
    If it’s a new AMG or Range Rover, absolutely no. GTR, Porsche, etc much more of a hedge. Resell around sticker.

  • @jayintn71
    @jayintn71 Рік тому +57

    If you have to ask, probably not.

    • @tylersanders2388
      @tylersanders2388 Рік тому +2

      No there’s been a couple calls where Dave was caught off guard over the years where he said yes to Porsches and even a Rolls Royce once

    • @rustyshackleford6637
      @rustyshackleford6637 Рік тому

      Don't be stupid

    • @bobbybrown26
      @bobbybrown26 Рік тому

      Did you listen to it? Lol

    • @bnorvs5929
      @bnorvs5929 Рік тому +2

      I would buy it if I was in his position. He’s earned the ability to purchase this car. With or without it he’s set.

    • @reesercliff
      @reesercliff Рік тому

      @@tylersanders2388 that guy with the rolls Royce was making like $300k a month he could easily afford it he was paying a car payment on it and Dave told him just buy it in cash dude.

  • @dangeles95
    @dangeles95 Рік тому +23

    I am with all of you. Why didn’t Dave tell him to use that money to pay off his house ?

    • @cassnate6259
      @cassnate6259 3 місяці тому

      He doesn't ask the intetest rate, but I'd argue that a low enough rate would justify keeping the mortgage because the markets will very likely beat a 3-ish % intetest rate over time. But yes he probably should've asked.

  • @rachelfrank8647
    @rachelfrank8647 Рік тому +111

    Not until the house is paid off as far as I'm concerned.

    • @terriesmith2616
      @terriesmith2616 Рік тому +14

      He says he has $800K in retirement funds, $400K liquid (cash), $90K each for his two boys college, I think he can easily afford a $130k car.
      He has more than enough liquid cash to pay off his mortgage any time he wants.

    • @inthebooks3947
      @inthebooks3947 Рік тому +2

      He’s good

    • @reese85
      @reese85 Рік тому

      @@wescald ok

    • @JK-zt4ym
      @JK-zt4ym Рік тому +7

      Once you have enough assets paying off your house is dumb

    • @bigbird4481
      @bigbird4481 Рік тому

      @@JK-zt4ym why

  • @dhoytinaz
    @dhoytinaz Рік тому +84

    He said he had like over $400K in liquid assets. Not sure what that meant but if I was him while I was pulling money out of that for the car I'd pay off my house too.

    • @brugai8917
      @brugai8917 Рік тому +5

      yeah, i would’ve asked “what do you call ‘liquid assets?’”

    • @jimmymcgill6778
      @jimmymcgill6778 Рік тому +16

      Means index, stocks, or cash.

    • @droid2D2C3P0
      @droid2D2C3P0 Рік тому +4

      It means non retirement. Mix of cash and non retirement investments

    • @stevexspeed7649
      @stevexspeed7649 Рік тому +1

      That’s a good point because liquid assets means you can pull the money out. Those aren’t retirement funds. Just pay the house and the car off at the same time.

    • @montyi8
      @montyi8 Рік тому +8

      depends on the interest on the house, If it's

  • @essel23fly
    @essel23fly 3 місяці тому +3

    Honestly, if you have to ask if you can afford a GTR, you can't afford it.

  • @kyleb3580
    @kyleb3580 Рік тому +26

    He's fine. My wife and I make about 500k a year total and we just bought a 70k car.. and that felt steep. It's all about what you're comfortable with too.

    • @SGavin
      @SGavin 4 місяці тому +1

      You sound similar in mindset to me, my wife and I gross over $200k per year and bought a $36,000 vehicle a few years ago, and it was the most I ever spent on a vehicle and was about the max I would spend. I hope my next vehicle is $10,000 or less😂

    • @777jones
      @777jones 3 місяці тому

      Im just getting into those levels and yes, basically I think 10-15% of your gross is about what you should spend on a car. For me, that means a new Subaru or a five year old Volvo.

  • @laprepper
    @laprepper Рік тому +7

    Don’t buy it. Go to a track for a weekend, spend $2K and save $128K 😂

  • @anthonykence9954
    @anthonykence9954 Рік тому +7

    I would not buy it period. Pay off your house dude. Toys fade over time

  • @Mikebremnr
    @Mikebremnr 21 день тому +5

    Pay off the house, sell the sons, use their college money for the car

  • @ThePhukst1k
    @ThePhukst1k Рік тому +4

    The house hold will probably have to work a year and a half to two years; just to pay for the car, depending on their spending lifestyle.
    That would kill a piece of me on the inside.

  • @AB-wy7dr
    @AB-wy7dr Рік тому +47

    “Can I afford $130k car?”
    “How much do you make?”
    “$14k a month”
    “ So, like $150-200k?”
    “Oh I don’t know. Whatever that adds up to. I’m a guy and I have a Subaru so I give me $130k car kthx”.
    This show never ceases to make me feel better about myself.

    • @LG-zy9dp
      @LG-zy9dp Рік тому

      🤣

    • @Dragon228833
      @Dragon228833 Рік тому

      That’s really the point of the show. Everyone knows what they’re supposed to do. These videos just give you someone to point at and say “glad that’s not me”

    • @scottstewart8737
      @scottstewart8737 Рік тому +2

      That guy makes 250-300k gross. If that makes you feel better I'm not sure why

  • @TheSoulCrisis
    @TheSoulCrisis Рік тому +1

    Great episode, I got a kick out of this segment! Hehe

  • @josephski7941
    @josephski7941 16 днів тому +1

    GTR will 100% go up in value depending on mileage/condition 10 yrs from now so long as gasoline isn’t outlawed.

  • @percivalgooglyeyes6178
    @percivalgooglyeyes6178 Рік тому +13

    For a minute I thought he wanted to buy a freaking Tesla, which no way would Dave approve. So glad it was something decent.

  • @jmendozas197
    @jmendozas197 Рік тому +49

    If he could buy it cash, like Dave Ramsey mentioned, then I would go for it. A R35 is a badass car and it seems like he has the net worth to justify the purchase.

    • @FracturedGoblin
      @FracturedGoblin Рік тому +2

      And in a couple years it will still be worth quite a bit. even a 10 year old 2013 model GTR is at the absolute lowest $70k up to $130k.

    • @karlabritfeld7104
      @karlabritfeld7104 Рік тому +1

      Why does a married guy with kids need a badass car?

    • @FracturedGoblin
      @FracturedGoblin Рік тому +17

      @@karlabritfeld7104 to get away from the wife and kids for a few hours

    • @bryanachee7133
      @bryanachee7133 Рік тому +5

      @@karlabritfeld7104 women don’t like cars like this lol

    • @ljshoreslokal
      @ljshoreslokal Рік тому

      @@karlabritfeld7104 I cruise my 63' Ford with my kids, why not?

  • @ChrisCardenDrums
    @ChrisCardenDrums 3 місяці тому +1

    I like the nissan gtr as well, but I couldn't go with having one in the garage before having the mortgage paid off.

  • @roshard30
    @roshard30 Рік тому +1

    Pay off the house, with your monthly mortgage payment, finance the car. Sell the car when you get bored of it, (Which you will)!

  • @sidekickster8917
    @sidekickster8917 Рік тому +26

    Good to see Dave on(even if it's an older vid)

  • @6SpeedTA95
    @6SpeedTA95 3 місяці тому +3

    130k for a GTR??? ROFL
    Get a 911 GTS or Cayman GT4 for that kinda money...

  • @davidbrown4540
    @davidbrown4540 3 місяці тому +2

    As the old saying goes, "If You Have To Ask..."

  • @alpinetrader
    @alpinetrader 4 місяці тому

    Not all cars go down that much. Sometimes a more expensive rate car costs less than a regular car because of depreciation.

  • @eazzzyfitness
    @eazzzyfitness Рік тому +3

    At 130k there's quite a few cars you can buy that go up in value.

  • @harbormelody4633
    @harbormelody4633 Рік тому +12

    Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life and this new year shall get you closer to your goals and open more opportunities to you

    • @isabellaolsen3265
      @isabellaolsen3265 Рік тому

      Starting early is the best way of getting ahead to build wealth, in-vesting remains a priority.

    • @piabohm8454
      @piabohm8454 Рік тому

      Natural, there’s a lot of math involved in f o r e x tra ding,

    • @cocom427
      @cocom427 Рік тому

      She's also active with this on
      on Insta gram 👇

    • @cocom427
      @cocom427 Рік тому

      official.charlotte_fx

    • @cocom427
      @cocom427 Рік тому

      Let her know you want in and more info 👌

  • @christravelsbytaco5771
    @christravelsbytaco5771 3 місяці тому +4

    Not sure I agree w/ Dave. I sold an e46 M3 14 years ago for 19k. Anyone see what a good example of that goes for now?! Sometimes cars CAN go up in value, especially if they're exotics.

    • @ctknetwork3008
      @ctknetwork3008 3 місяці тому

      i’m a bmw nut and i see clean ones around 30 realistically, yes they go up esp porches and m cars but that car can also get totaled, crashed, stolen etc. Not to mention inflation, upkeep, insurance, etc etc so some cars are excellent investments as value holders but you’ll never “make” money off a car unless you flip them

    • @WLJ1287
      @WLJ1287 3 місяці тому

      Yes let’s bring up the exception as a means to justify a decision against a generality

  • @LivingOnCash
    @LivingOnCash 4 місяці тому

    Most cars do go down in value but some also go up. Some will go down for a few years but then start appreciating again.
    Dave always says car depreciate and while he is mostly correct, you can't place a value on the pleasure you derive from a nice car. Smiles per mile. Some people go on cruises, some go on European vacations, some like to go out to eat and drink to get their pleasures. I have 14 cars/trucks. They give me a great amount of pleasure. I am single and retired with zero debt. I don't drink, don't smoke, don't go out to eat often, don't go to parties or any other kinds of things like that. I have a travel van and love to go hiking in the woods and see America. I go Jeeping on mountain trails. I like to drive my Corvette on twisty mountain roads. These are the things I enjoy in life and you can't out a dollar value on them.

  • @WarriorsPhoto
    @WarriorsPhoto Рік тому +5

    I'd like to call and have Dave give me his input on a car purchase.
    I wonder what he'd say? 😅😂

  • @Hugecannonballs
    @Hugecannonballs Рік тому +32

    Dude has more than enough bread. I think he was just trying to flex

    • @marymccann6110
      @marymccann6110 10 місяців тому +1

      Exactly. He wasn't calling to ask for help. He called so he could congratulate himself.

    • @cody5596
      @cody5596 5 місяців тому

      He may have just been looking for someone to say it’s ok. The people in his life could’ve been saying he was crazy for buying something like that. That’s just pure speculation though, could’ve also just been to flex.

    • @dackerman123
      @dackerman123 4 місяці тому

      Nah. He's being smart. Most broke people just spend impulsively.

  • @wil_leighton1618
    @wil_leighton1618 Рік тому

    you can find plenty of pre-owned Nissian GTRs that offer just the same amount of fun for less than half the price! unless its a NISMO don't go all in :)

  • @jazzcat5950
    @jazzcat5950 3 місяці тому

    No brainer to buy it I think. He will get what he put into it. I bought a Viper and it is worth more than what I paid for it by 20 grand. If it goes down I am still happy I got it. What else are you doing on this planet if you can't be happy......and this guy is WAY better off than I am. Good for him.

  • @christopherharris3229
    @christopherharris3229 Рік тому +5

    I love how most people in the comments believe the caller is actually telling a true story and actually having a need for Dave's advice. 😆

  • @krobdawg
    @krobdawg Рік тому +21

    Well that might be a first: someone asking Dave what his question is 3:14

  • @YourFinancialPlaybook
    @YourFinancialPlaybook 4 місяці тому +1

    Dave always has a soft spot for car pickups ^

  • @foolishEmporer
    @foolishEmporer 2 місяці тому +1

    Wait til you see the insurance and maintenance costs

  • @mf____
    @mf____ Рік тому +19

    When I was a kid I desperately wanted a Honda CRX that was kinda cool that time. Now I could buy one for a couple of grands, but not interested anymore. 😁 Although, I get that some people need expensive toys.

    • @cdcnd4spd13
      @cdcnd4spd13 Рік тому +3

      I'd kill for a super clean CRX. They are so hard to find these days lol

    • @lot2196
      @lot2196 Рік тому

      @@cdcnd4spd13 yes, very rare and collectable

    • @dakel7
      @dakel7 Рік тому

      I had a CRX HF, I sold it. I regret it everyday :(

    • @sneakerfreak2002
      @sneakerfreak2002 Рік тому

      Clearly you’re not tapped into current old car values

  • @rjeffbateman5546
    @rjeffbateman5546 3 місяці тому

    The monthly payment on the car is certainly not a big deal but the liability created by the purchase kills a good Balance Sheet. Like he said, if you’ve got the cash pay it otherwise it’s not a good decision.

  • @neilsinha3169
    @neilsinha3169 Рік тому

    "buy me one too" lol... She's a great addition.

  • @ji-inroh495
    @ji-inroh495 Рік тому +22

    Who is this new lady? She is great! Great voice and nice chemistry with Dave.

    • @alleykeosheyan4779
      @alleykeosheyan4779 Рік тому +6

      Her name is Jade Warshaw.

    • @rgarri6396
      @rgarri6396 4 місяці тому +1

      Jade has to live by Ramsey law! No fun for her.

  • @AbstractCatsMedia
    @AbstractCatsMedia Рік тому +3

    Yes! The GTRs are lovely! There are two around my area, one is the dark metallic blue and the other is chrome wrapped.

    • @tubenachos
      @tubenachos Рік тому +1

      Are they the NISMO edition?

    • @AbstractCatsMedia
      @AbstractCatsMedia Рік тому

      ​@@tubenachos I don't remember for sure, but I don't believe so.

  • @chuong7392
    @chuong7392 Рік тому +2

    Buy a used GTR! I love mine and they retain value!

  • @jamesl9539
    @jamesl9539 3 місяці тому +3

    I am worth $6 million and have no household debt. Yet, I drive a 2017 VW Jetta that I bought certified Preowned for $12,000 in 2019. My income last year was $490,000.

    • @G82Jesse
      @G82Jesse 3 місяці тому +3

      That means you simply don't enjoy cars. I have a fraction of your total worth, yet drive a $106,000 BMW.
      I go to local cars & coffee events, mile-long drag races on closed airstrips, participate in car-related social media, modify and work on my vehicles, etc. Automobiles can be every bit as much of a hobby as music, film and photography, athletics, vacations, etc, and are completely worth the expense to the right person.

    • @WLJ1287
      @WLJ1287 3 місяці тому

      That’s cool but like the guy above me cars aren’t your thing; however I would bet money you have a different vice where you allocated funds to that logically doesn’t make sense.

    • @jamesl9539
      @jamesl9539 3 місяці тому

      @@WLJ1287 I go on fancy vacations with my family at least two times a year. I just love to save money on things. I think that is why I was able to save and invest so that my net worth is what it is. I am definitely a saver.

    • @jasonmcenroy1961
      @jasonmcenroy1961 2 місяці тому

      @@jamesl9539I wish I was like you… I have a Lambo, Escalade, Tesla and I’m about to trade the Tesla for an M8. Make about a million a year. I just love my damn cars lol

  • @sbinnala
    @sbinnala 3 місяці тому +1

    A Nissan GT-R will never lose value. New ones immediately sell for over MSRP if someone tries to flip it.

    • @Selbach555
      @Selbach555 3 місяці тому +1

      I wouldn’t say never. They still do albeit not as much as the others. However, anyone who really knows cars know how terrible the steering feel and transmission of this car is and wouldn’t pay a dime over MSRP.

  • @BuiltNutritionFitness
    @BuiltNutritionFitness Рік тому +11

    Funny, I eventually want a GTR myself. The Nissan GTR could potentially go up in value with the push for electric cars

    • @chuckrose9561
      @chuckrose9561 Рік тому

      Especially depending which model

    • @sarahconner9433
      @sarahconner9433 Рік тому

      Never ever buy NISSAN..... Go anything else.... Watch Scotty kilmore or listen to me

    • @shiftautomotive854
      @shiftautomotive854 Рік тому

      they always in value

    • @Yo-gm3le
      @Yo-gm3le 3 місяці тому

      @@sarahconner9433 Scotty Kilmer’s content is generally geared toward those who aren’t car enthusiasts, most car enthusiasts won’t care as much about unreliability especially if it’s smth like a GTR which is a weekend car and not a daily vehicle

    • @josh3221ify
      @josh3221ify 24 дні тому

      ​@@sarahconner9433 You actually think Scotty Kilmer is a real mechanic 😂😂😂, I drive a 12 year old Nissan, still drives like the day I got it.
      Never listen to internet 🤡, I have never owned a Toyota and never had serious car issues in 20 years of car ownership

  • @thebeautifulmanclub3790
    @thebeautifulmanclub3790 11 місяців тому +5

    He’s just calling in to brag.

  • @forza-kr4bx
    @forza-kr4bx 3 місяці тому +1

    I bought a 70k car. Model y. 😢 cash. Depreciated a lot. Doing rideshare to make up for it

  • @rapidigmhari
    @rapidigmhari Рік тому +2

    As long as I was paying 270 car payment on my 2011 subaru, I thought to change my car... Once I cleared my payments I don't want to change 🤗. Feel happy for not paying car payments.

    • @randymillhouse791
      @randymillhouse791 Рік тому +1

      With ya Hari. 2012 Elantra paid off years' ago. 2017 Honda paid off in August 2023. General tuneups, oil changes, etc. I'm good until they die on me.

    • @rapidigmhari
      @rapidigmhari Рік тому

      @@randymillhouse791 Great to know Randy.

  • @DriverDude100
    @DriverDude100 Рік тому +9

    This caller needs to ask his retirement planner if he can afford to buy it. What I heard is that the caller has $800k in his retirement account (which is probably too little for his age and income) and $400k in other accounts. While the equity in his house certainly counts toward his net worth, that amount is not readily accessible and only contributes to his retirement when he sells the home. He is essentially asking if he can take a large portion of his liquid nest egg and buy a depreciating, unnecessary toy. That could have a real impact on his cash flow in retirement. If he doesn’t want to sell his home when he retires and wants to maintain his present standard of living, he could be facing a serious shortfall even without purchasing the car. He needs a careful analysis that is beyond the scope of this phone call.

  • @genesultry6447
    @genesultry6447 Рік тому +14

    “I’m a poor man but I have something a rich man will never have,” "Enough."

  • @JasenDelgado
    @JasenDelgado 3 місяці тому

    Highly recommend picking up a 2020+ GTR, any Porsche GT product, and any rare desirable sports car that has leveled off price wise. Minimal depreciation of any on a lot of sports cars in the last few years, so If you have a solid income go for it!

  • @RickM23
    @RickM23 Рік тому +2

    1.5M house, what’s the state property tax on that in Philly? When one retires (even if house is fully paid by then), really need a large nest egg to cover all these expenses, health insurance, car insurance, bills/utilities, helping kids education etc. Inflation just eats away on one’s savings.

    • @jml9550
      @jml9550 Рік тому

      $1.5m ain’t much of a house in the Bay Area.

    • @RickM23
      @RickM23 Рік тому

      @@jml9550 Yeah not a fan of living in the Bay Area. Plus it’s long overdue for a massive earthquake.

    • @seanmurphy3753
      @seanmurphy3753 3 місяці тому

      GOOD comment. Exactly

  • @mrjack8849
    @mrjack8849 Рік тому +37

    I am somewhat surprised they didn't say pay off the house, or at least ask what his payments are on the mortgage. I think for me to comfortably buy a car for that much at my age right now, I think I would have to be around $10 million. Of course I wouldn't be buying a car, I would be buying land.

    • @slippinslidewayz
      @slippinslidewayz Рік тому

      I hear that. I love cars, I mean they are really cool. We go to the track every year for a weekend or more. They're awesome! But they're not cool enough for me to spend that much on them. I'd rather just enjoy my friend's cars and toys, then buy a chunk of land on a lake to call my own. Or maybe in the mountains. On that, I'm still undecided, but it is coming thanks to the Ramsey plan and hard work.

    • @stevexspeed7649
      @stevexspeed7649 Рік тому +3

      Here’s the thing your net worth is different than his and ratios are different. If your cars are less than 10%, your net worth in the ratios are correct.

  • @wartrain12
    @wartrain12 Рік тому +4

    I'm in interested how he grew the 800K retirement. Dave usually asks about job. Great convo to watch

    • @cody5596
      @cody5596 5 місяців тому +3

      $800k with his income isn’t that hard depending on his age. If he’s 35 that’s very impressive, but if he’s 50 that’s actually less than I’d expect.

    • @MrBacon-ou1kw
      @MrBacon-ou1kw 5 місяців тому

      @@cody5596 200k is their combined income, it's not as much as you think.

    • @omnimoeish
      @omnimoeish 4 місяці тому

      ​@@cody5596 Based on the contribution limits to 401k, it can be tough to grow it very fast. It's gone up every year and currently it's like $23k/year so if you figure he's maxing it out and getting an average of 8-9% return for 20 years, $800k is about right. He's also been investing in two 529 plans and his own taxable brokerage account. With that current income, I'm guessing he's around 50 but what's truly impressive is having like $1.3M equity in his house.

  • @xxdachosen1xx
    @xxdachosen1xx 3 місяці тому +1

    This is bad advice he doesn’t factor in opportunity cost. Finance the GTR and put $100k of the $130k in the market and let it work for you. Your money should always be working for you.

  • @michaelfjmusic
    @michaelfjmusic Рік тому +1

    Correct me if I'm wrong, but you can buy an older R35 GT-R for about $60k, which is what the newer ones will be worth soon anyway. And they're easy to tune to make more power, so I have no idea why this guy doesn't just buy used. $60k would put him well under the 50% rule.

    • @fastcars514
      @fastcars514 4 місяці тому

      No warranty, newer tech, and you never know what the owner of the used gtr did. They could of hanmered that engine everyday, or it could be a garage princess

  • @Ethernet480
    @Ethernet480 Рік тому +3

    One of the only late model exceptions I’ve seen is the 4th gen Toyota Supra. If you bought a decent one for $60-$80k 15-20 yrs ago, they are worth 4-5x that today if in good shape

  • @jomontanee
    @jomontanee Рік тому +11

    Why didn’t he pay off his mortgage before buying the ridiculously expensive car?

  • @lazyrider6918
    @lazyrider6918 3 місяці тому

    There is a 2014 Track Edition GT-R for sale in NJ for $84k with low mileage. Why spend almost double to get 99% of same experience? Just look around and buy one when market drops.OR buy a brand new Porsche Cayman or 718 Boxster for $84K and that will satisfy your desire. I have my s2000 that I paid $14k for 12 years ago in the garage that doubled in value and satisfies my "toy" needs. I get it, I love Japanese sport cars the best, but there are many other choices out there for 1/2 price.

  • @bigroy38
    @bigroy38 4 місяці тому +1

    See the new Raptor R?That’s a monster!

  • @BlackPearlMusicVideos
    @BlackPearlMusicVideos Рік тому +54

    Proof that lots of money and brains don't always go hand in hand.

    • @xx.3829
      @xx.3829 Рік тому +9

      How much you got smarty

    • @ggggg-fo2xq
      @ggggg-fo2xq Рік тому +15

      oh yeah? because from the sound of it he's got plenty of brains, 180k combined in two of his kids 529's, 400 in liquid, bunch in retirement. 130k on a fun toy is a drop in the bucket for him. you sound jealous. sure he can drive his boring subaru until kingdom come, but he decided he wants to live a little, and good for him, he's done plenty for his kids future and his own.

    • @OneAndOnlyKJx
      @OneAndOnlyKJx 4 місяці тому +3

      He has a 3 million dollar net worth. 130k is a drop in the bucket. Relax

    • @fastcars514
      @fastcars514 4 місяці тому +1

      Typical comments dont respond

  • @noodle-cup
    @noodle-cup Рік тому +14

    I'd look into getting one that's done its fair share of depreciation. The r35 GTR hasn't changed much over its lifespan.

    • @johnabitabile5035
      @johnabitabile5035 Рік тому

      I was thinking for that money go for the new Supra and save a few $$. The Supra is a great car

    • @alexrios1737
      @alexrios1737 Рік тому +1

      It’s been the same for 13 years.

    • @noodle-cup
      @noodle-cup Рік тому +1

      @@alexrios1737 yep about time to retire it

    • @stevexspeed7649
      @stevexspeed7649 Рік тому

      @@johnabitabile5035 Really a supra? Compared to a GTR. There is no comparison. You would have to make engine modifications to supra just to even compete with a GTR.

    • @warhammerfaction
      @warhammerfaction Рік тому +1

      Yeah at this point I’m buying a rare exotic perfomonte lambo only 300 made per year around 280k-300k some cars truely won’t lose much value over time compared to this gtr no offense

  • @arnbeckett
    @arnbeckett Рік тому +1

    I can highly recommend the GTR!

  • @Deborahs.6992
    @Deborahs.6992 Рік тому +1

    Your home is an investment. That car will depreciate driving it across the dealer parking lot. Pay the house off, no brainer.

  • @MikeSunRiseWest
    @MikeSunRiseWest Рік тому +3

    If I bought a 130k car I would probably need to also factor in the cost of a divorce

  • @andrewallin7856
    @andrewallin7856 Рік тому +3

    tell me your 40 without telling me you're 40

  • @timbaland952
    @timbaland952 5 місяців тому +1

    Why is there an expectation that people should not buy an expensive car because it depreciates in value?… you aren’t buying it as an investment unless it’s an antique etc.

  • @markb2860
    @markb2860 2 місяці тому

    a GTR wont go up, but it wont go down too much either. its not going to depreciate like a new loaded pickup or suv. id say go for it, you have cash...enjoy it!

  • @MrMlbfan6
    @MrMlbfan6 Рік тому +3

    If he gets the nismo edition is going up like crazy

    • @soapa4279
      @soapa4279 Рік тому

      This. Only that edition. Over time if it’s kept in immaculate condition, a few decades from now I won’t be surprised it could sell 5X the purchase price to a car collector

  • @MrNiceGuy500
    @MrNiceGuy500 Рік тому +5

    I was able to rent a GT-R and flog it around a racetrack! Good times…a lot cheaper than buying one lol

  • @firstname2072
    @firstname2072 3 місяці тому

    Why wouldn’t you use a loan to pay for the car. I bought a 200k Audi rs5 Ltd edition Australia car and had the cash easy but took a loan because that 200k is invested which makes average 10% interest plus dividends. Car loan is 5.5% interest.
    Also depending on the car it can go up in value. Mines worth about 20% more than what I paid for it even second hand because you can’t get them here.
    I also bought an evoviii for 30k 6 years ago and just sold it for 55k

  • @benvasilinda9729
    @benvasilinda9729 3 місяці тому +1

    Why not pay off the house and drop that interest payment? Then a year or so later he would have that money saved back up to buy it in cash. Paid off toy and paid off house, that’s the dream.

  • @moisescarrillo6991
    @moisescarrillo6991 Рік тому +42

    he should honestly do it! he deserves it after working so hard his whole life. once I heard gtr I knew he was a car enthusiasts! ❤😢

    • @randymillhouse791
      @randymillhouse791 Рік тому +1

      He's going to regret that car when the hospital bills start rolling in...

    • @bigbird4481
      @bigbird4481 Рік тому +4

      Bro needs to pay off his house

    • @LittleMopeHead
      @LittleMopeHead Рік тому

      If he is a car enthusiast, then pay it with cash only after having the baby steps in place.

    • @jomontanee
      @jomontanee Рік тому +1

      Pay off your house first, then car!!

    • @vangtk10
      @vangtk10 Рік тому +1

      He should honestly pay off the house. GTRs are NOT that special. A paid off million dollar house is.

  • @newaccount1268
    @newaccount1268 Рік тому +8

    He’s Smart enough to make all that money, yet dumb enough to spend 130k of it on a Nissan? 😭

    • @MadmaxMusic93
      @MadmaxMusic93 Рік тому

      it's a badass super car!! let the man live geesh

  • @SnowSpartan125
    @SnowSpartan125 5 місяців тому

    Just get a warranty on the GTR. The transmission will cost you as much as a PDK transmission on a 911 when those go out.

  • @nicholasmartinez6043
    @nicholasmartinez6043 Рік тому +2

    This caller sounds exactly like the guy who called Dave “stupid and arrogant” for not prompting index funds and asked him a while back if he thought he was smarter than Warren Buffett

  • @grantguy8933
    @grantguy8933 Рік тому +19

    130k for a Nissan come on bro. 😂😂

  • @MrMustangrick
    @MrMustangrick 4 місяці тому +3

    130 k on a Nissan? No thanks.

  • @l.ls.8890
    @l.ls.8890 Рік тому +1

    I wonder if he is going to buy this car to drive everyday causing depreciation more rapidly...or is it going to be a collectors item?

  • @ParaboxGFNR
    @ParaboxGFNR Рік тому +2

    "And get me one too" - Amen Jade, amen.

  • @Chinunit22
    @Chinunit22 Рік тому +8

    Some people call this show to brag to others how rich they are.

    • @reese85
      @reese85 Рік тому

      It’s only a brag call if you view it that way!

    • @And1one757
      @And1one757 Рік тому

      Dont think it was a brag call i have realized watching this show alot of ppl out there liked to be told what to do even if they know the answer

  • @bigd9040
    @bigd9040 Рік тому +27

    If I was him I'd pay off my house as well.

  • @Scorpiomaj27889
    @Scorpiomaj27889 Рік тому

    I don't know, is he keeps it nice, it may go up a little or at least maintain it's value.... unless Nissan makes a better one and it's widely available in the US.

  • @chriscrawl3732
    @chriscrawl3732 Рік тому

    My 86 k10 pick up was 5k brand new. Today, i turn down 30k offers nearly every day. Js

  • @ulises8483
    @ulises8483 Рік тому +4

    He didn’t explain it well, GTR is a hyped/collectors car at this point. 2017-2023 GTRs will hold and up
    on value in the future. Of course this is if he don’t daily it and keep it pristine as a toy and not commute it.

  • @warhammerfaction
    @warhammerfaction Рік тому +10

    He could buy 600k worth of bonds and pay the payment with that it self

    • @boerqwhaas
      @boerqwhaas 3 місяці тому

      Most of Ramsey's advice pertains to the financially illiterate during times of low inflation.

  • @donnyramay2635
    @donnyramay2635 3 місяці тому

    Air cooled Porsche 911 Carreras don't depreciate in value. My quintessential sports car. Would love to own one.

  • @jimhandler1129
    @jimhandler1129 Рік тому +2

    I'm surprised Dave said to buy this car. He needs to pay off his house. And $14K a month is pretty easy to calculate to $168K a year which is not $200K

    • @hichemrehouma5616
      @hichemrehouma5616 Рік тому +2

      He said net though. So probably around 220k gross pay yearly so yeah

  • @ctonlinecasinoslots4747
    @ctonlinecasinoslots4747 4 місяці тому +3

    Hopefully he paid extra to get the nismo edition 😂

    • @tc88888888
      @tc88888888 3 місяці тому

      You got a spare million?