Lol… yeah I got to be honest here… I was surprised at his response. I would have thought he might say something like… “sell the boyfriend and payoff the car! Lol just kidding 🤔❤🇺🇸
Dave & George are 1,000% right on this situation. Anyone who needs a co-signer has financial problems or is trying to buy something they cannot afford (or both). I have NEVER heard a co-signer situation end well. In nearly EVERY case, the person who needed the co-signer stops paying on the loan.
That is only 1000 percent untrue my papaw had to cosign for my dad's first 500 dollars so he could start to build credit to have enough to buy a house and my dad had to cosign for me on my first 500 dollars so I could build up credit to buy a house u can't build credit without a cosigner unless u get a credit card and that's only the dumbest thing u can do and idk how that works but I would assume u need a cosigner to get your first one of those remember bad credit is better than no credit
One exception would be a fresh graduate out of college or high school who's never had a loan, i.e. no real opportunities yet to either mess up a loan or prove themselves worthy of a loan. But in those cases the only co-signer should be their parent(s), not a boyfriend or girlfriend or friend. The parents would (or at least should) know their child well enough to evaluate whether they're responsible enough to pay the loan.
@@megalodon1726 exactly my dad had to cosign for 500 Dollars so I could start to build credit so I could get a house someday but he made it very clear u do not spend that 500 dollars that's what u pay it off with
Dave makes his point much stronger when he keeps the anger suppressed but still internally has it. Holding back the anger is more powerful than releasing it, as far as conveying his message with a high amount of clarity goes.
This is a sign to get rid of this BF. If a BF was really responsible it will do its best to get out of the car to do is best to get tidy if this debt. Because this is causing emotional damage.
She may as well call the CU and tell them to repossess the car and arrange a date and time to pick it up. She may then file bankruptcy and move back home with her parents' and drop the boyfriend. Seven years will give her plenty of time to mull over and learn from the bad decisions.
Where she finds herself wasn't just predictable; it was nearly a certainty. The entire lending industry knew that, which is why they required a cosigner. Why do people insist on such chaos in their lives?
My parents told us to never cosign. I've had several friends and relatives ask me to cosign for a vehicle, I tell them NO. Last person that asked me to cosign an 80k truck, yet his own mother had to cosign an 8k car for him. On top of that, I know he wouldn't pay anything.
She sat up on that phone and lied 🤣🤣😂😂😂 she didn’t want Dave going in on her boyfriend so she lied for him by saying “he’s willing to get rid of the truck too” 😂😂😂 girl
@@ozarkman1478the banker has the choice to charge fees, repo, and bill her and her cosigner. Send her a 1099 and write it off. All part of the car process and legal. Now an unsecured personal loan for her alone? That has no recourse nearly as good.
@@hvaball150 the banker can bill them all he wants , if there is no personal value or other collateral he has nothing to collect. I know , I loan money out to people all the time , I make sure I’m well covered , assets have a strange way of disappearing when things start goin bad.
my niece is 32 years old and she just told me the other day tha She is paying $800 a month for a car payment for the next five years. That is insane! I know she does not listen to Dave Ramsey.
Mr. credit union has already decided to cut their losses and repo…they ain’t going to dig themselves in deeper and hope the car sells for what the blue book value or wait around for these guys to get their life together.
biggest mistake is co-signing for another adult. There's a reason why your boyfriend needed a co-signor, because he is terrible with money. After going to credit union, they both need to sit down and discuss each other's financial situation. thanks for sharing.
@@UTOT222 You're one of the few exceptions who appreciated your friend's help and honored your commitment to not just pay it off, but early. Still, I hope your friend doesn't co-sign for anyone else, realizing she was very lucky that it all went well.
These broke dudes getting chicks to cosign for them so they can front driving around trying to look he has money to get another chick and get the new one to cosign for him
Happened pretty often in the last 3 years. Unfortunately, sleazy dealers would talk people into car payments, not ever discussing the total price of the vehicle. Easy to blame the consumer, but the average consumer never learned any of this in school.
@@markaustin5269 The average US consumer has very little understanding of how debt even works, and car salesmen exploit this. You would be surprised how many Gen Z's don't even understand what payment interest is let alone the MSRP of a vehicle.
What I want to know is, "Why is BF behind / unable to make his payments?" Why is *she* looking into getting a personal loan? Why isn't *HE* looking for extra work to pay for the vehicle he wanted badly enough to swallow all pride and dignity and ask his girlfriend to cosign a loan for him?
Making $55K/yr and wanted a $32K car... they both wanted this car. The approval was likely based on her credit but using both incomes. Playing house with real bills is pretty silly for both of them. Hopefully they figure out if they are making real long-term commitment or going their separate ways. Sounds like independent people in a relationship. Doesn't work.
If you really love & care for someone that asks for a co-signer, you would be doing them a much bigger favor by helping them get educated on finance with a course such as FPU or similar. Of course, it's on them to actually take that advice, but you did your part. If they do, they will thank you in droves later. Sometimes tough love is the answer.
How did we ever get to as a society that "I can afford this depreciating rot box because I can make the payments"?.. How about saving up and paying the damn thing cash? No, we have to have everything NOW!.. its stupid!
indoctrination system is working real well isn't it? and yet they still want to offer more free "education" because the curent free ones have been working so great for us lately
No matter who you are, if your car payment is over $500, you could not afford the car. If you claim that it is okay because the interest rate is low, you got that low interest rate by overpaying for the car.
Well said. And if you can easily make payments of over $500, that means you have enough disposable income to save up for a car and buy it without a loan.
The fact that they aren’t married makes no difference in this situation. They both signed onto a bad car loan. My question for her is, did she not know her boyfriend was bad with money before all this happened? This could be an expensive mistake that makes her realize she’s with someone who’s not marriage material.
My guess is she wanted the car too. She'd be riding in it with him, and possibly driving it occasionally, so she ignored the red flags with his financial situation and cosigned anyway.
Dave, I already know I'm going the wrong direction at every fork in the road, so don't chew me out, but give me some advice on this one little problem I'm having, without challenging my ego 🙄
Yeah I feel for her. Terrible situation. I would never co-sign with anyone and I don’t care how much I love someone I am never combining my finances. Hell I’ll just live by myself too. Too many worse case scenarios that become reality.
32k on a brand new elantra.. they have not paid 1 dime on that loan. brand new with tax u buy them for 28k. its been over a year ya wonder why its only 19k worth
On another note I'm glad to see George and Dave are getting along well. As long as George doesn't bring up safe withdraw rates it appears his career is safe 😆
It's not a matter of affording it. With their combined $115K income, they can afford it. But her boyfriend is irresponsible with money. People can make a million dollars a year and still leave some bills unpaid because they're so stinking irresponsible.
I friend in a similar situation. No bank or credit union would touch him. He tried 3 different credit unions.. people wonder how payday loans became so big.
I'll never for the life of me understand why broke people makes themselves broker for a stupid car that should be considered wildly out of their price range
To be very honest u don’t need to own a car if u have debt( unless the car brings in an income or it takes u to work where a bus is not possible. The biggest killer of savings is car payments
Yea it doesn’t work like this nowadays. The bank manager has no authority to push loans through. They all have higher departments with no public access for underwriting. The manager will try to reach out to that department but will be told there is no deviation from policy. These banks aren’t sticking their necks out for anyone right now and they would rather let the naked portion of the loan die with a loan package that was already approved before based on appropriate merits. They don’t care about that $13k. They have to protect their underwriting process.
These people think that they can live in a well financed Twighlight zone. It is incredible to me that she did not work this out before signing her name on the contract
Has anyone really tried Dave's trick at the bank and asked the manager for a loan like that? I think Banks will NOT entertain the caller as they are not paying their car loan, why would the bank entertain Dave's stupid request?
If the co-signor has no net worth the bank has no choice , just let the car go back and the bank is on the hook for all the loss , their credit will be ruined but who cares.
It’s amazing how women will put up with such ridiculous things from Chad and Tyrone because of the excitement and tingles the toxic relationship gives them. Then they hit the wall in their 30s and suddenly have a laundry list of requirements and bitterness towards the rest of men out there.
If you guys spent half as much time improving yourselves as you do bitching on the internet about Chad and Tyrone you’d be able to get women like the rest of us.
Hyundai builds the Elantra, not Honda. There's a big difference in the resale between a Honda and a Hyundai. I mean this might sound petty but a 2021 Honda will retain 85% of it's new value while a Hyundai the same year will retain 70%. New car smell makes people turn into ignorant fools, and I'm no exception. But I learned my lesson and if you are smart you will let others make the mistake and learn from that without having to go through that pain yourself. Unfortunately pain is the best teacher there is. I wish this woman good luck and I hope this sticks with her for the rest of her life.
Thanks for doing that lesson for the rest of us... because it's common sense and knowledge that new cars are not worth it and 99.99% of them lose their value. I tell people all the time to find a reputable used car dealer and buy other people's used and discounted cars. Bonus if you find a good deal on a car with a rebuilt title. That's what I did... back in 2015 I paid 12k cash for a 2014 Nissan Altima that only had 9k miles on it. I've only had to replace a wheel bearing assembly so far on it and it's about to hit 90k miles.
@@TheFlyingZulu That is too hilarious. I have a small used car lot and I bought a 2014 Altima at the auction back in October with a rebuilt title. Now it had a 142k miles when I bought it but I personally drove it 3000 miles over the following 3 weeks to my night job and running errands and such to make sure it was good. It is an absolute awesome car and I now have it on my lot for sale at 25% under KBB. Some one will get a great and dependable car for much less than it would be otherwise and the only real issue is a little mismatch on the paint that you can only see when the light is just right! Excellent tip, thank you!
@@1967davethewaveToo cool... another tip on that year of Nissan Altimas is that the NS-3 transmission fluid needs to be changed about every 30-50k miles and they need to be driven very gently. If not that metal belt in the CVT tends to break easily.
@@TheFlyingZuluThanks for another tip. I had never owned a Nissan before I started my car lot about a year ago but have since really started to like them. I sold a Juke just last week and it was really a decent little SUV, everything worked like heated seats and all the locks and windows and it drove really good. Definitely on par with Toyotas and Hondas.
If the car loans were initiated after you got married, it's marital debt and the lenders can sue both of you even if the loan is only in one person's name.
@@megalodon1726 I know that is not the case for houses, I had my wife quit claim so, I could Title as Married man, sole and separate property. She was not working, refi was easier. I latter change the Title to community property with rights of survivorship. She had to sign that she accepted 1/2 ownership. Also, the day of legal separation is filed (not divorce), financial separation occurs.
That credit union manager isn't going to give a rip. They've got her on the hook, so if payments aren't made, they'll repo the car. There will be a deficiency balance, owed to the bank after the car is sold, (the difference between what's owe on the car, plus any fees, and what they actually get for the car) and she has to pay for that. If she doesn't pay, they'll get a judgement and attach her wages. You can bet the boyfriend will be gone by the time it comes to that. The fact that she's looking for another loan is scary, since she's looking to take on even more debt. Calls like this make me so happy I'm debt free, and have never co-signed for anyone.
Back in 2020 my GF co signed for me because I was in need of a car but, because of the pandemic, we managed to get the car at 0 percent interest which is hard to get today lol. Anyways since then I fixed my credit, I now make good money and I paid the car off 3 years early. I wanted to get it off her credit ASAP and now we live together and are planning to get married so everything worked out great but we were already together for 2 years about time time the pandemic kicked in. So I now own the car free and clear, my credit is in good standning, and we both make over 100k a year each so we doing pretty good. There is always room to do better and we making small steps to do so but, over all we are in a good spot.
This girl signed with him on his charger and he financed the tax, dealer fees, under coating, paint protection and maybe even the bad debt on the previous car. People don't get that if they don't have cash they really can't affort the crap
My god... who in their right mind buys a car they can't afford and takes out a loan for 32k... The damn things go down in value so bad it's not even funny.
I thought it is a turnoff for women that a guy isn't financially stable yet we have callers like this that they cosign / loan their men money which the guys can't afford in the first place. where do I find women like this that would dive head first for me, oh that's right, gotta be a bad boy that is bad enough to pull something like this first
The bank does not care and will not adjust the loan - sorry you need to save the $10k and get out of this through hard work and saving instead of spending your entire paychecks on takeout.
This is a very standard example of why the car lending industry is doomed to fail. While the price of cars and thus the loans for the cars have gone up significantly, the value of the car has not kept pace. The reality will be billions of dollars on loans for vehicles worth less then half of what the loan is for, so when the massive wave of repossessions eventually happens, those banks are going to go under. Then our government will almost certainly be there to bail them out.
Keep everything separate until you’re married. Her finances are her problem and my finances are mine, until (IF) we get married.. You’ll see if she lasts or not.
Just me reporting spam of all these scammers trying to take advantage of already struggling people on daves youtube videos.... this world is screwed up....
This woman is a classic enabler. Sorry. If someone's dating someone who's an ADULT and can't get a car loan on his own, you may want to rethink your dating and relationship and self esteem situations. I know that's a harsh thing to say, but I've seen it way too many times - with women especially, being enablers for their "men" or boyfriends who are perpetually irresponsible. Just the fact that this guy needed a cosigner at all, coupled with the fact that (surprise!!!!!!!!) he's missed payments on the underwater loan, is as big of a red flag as there can be. Finally, what the hell is HE doing about this situation while she tries, MORONICALLY, to take out a personal loan to clean up HIS mess???? My prediction based on dozens upon dozens of similar situations I've PERSONALLY witnessed throughout my years of knowing and working with women just like this one with a "man" at home, especially in this culture? It won't change a thing. She'll STILL take care of him. Bet the farm on it. I'll NEVER understand it. Not smart.
I had a boy friend who said he’d save me money by putting a van in his name. After we broke up he kept it. I feel he stole it from me, a struggling single mom. Lesson learned.
Typical Dave. Does not live in the real world. He always thinks the bank can do what he wants. The bank already told her the truth. Why would the bank give out a loan, when they are already not paying the car loan? It makes no sense. He doesn't pay the car, they can easy repo it. And then sell it. And still make more then the 13k.
I did this in my 20s for my boyfriend. 100% financed a motorcycle for him. Then we broke up. THEN I traded in the motorcycle for a jet ski. BECAUSE this guy from my job said hey why don't you trade it in for a jet ski and I'll help pay the bill every month, which he did. But gah, what an idiot I was!
NEVER CO-SIGN for ANYONE - PERIOD !!! NEVER EVER DO THIS !!! IF YOU NEED TO CO-SIGN THAT MEANS THAT MEANS THAT PERSON CANNOT AFFORD IT ON THEIR OWN 🙄🙄🙄🙄
Put a check box on this call. For all the bf and gf's out there thinking playing house means anything outside of the small minded minds trying to say it's a good thing
Proverbs 17:18 (AMP) 18 A man lacking common sense gives a pledge And becomes guarantor [for the debt of another] in the presence of his neighbor. Proverbs 17:18 (CEV) 18 It's stupid to guarantee someone else's loan.
Get a personal loan, invest it in Dave’s mythical 12% mutual funds. Double your money every 5 yrs. Sheesh. Looks like George is still on secret probation from his audacity in suggesting a safe 4% withdrawal rate which angered the cult leader.
You cant tell managers of banks or credit unions this kind of stuff. Kind of makes me question your knowledge of helping people escape bad situations.. :(
Sell the boyfriend
Hahahahaha👏🏻👏🏻👏🏻
He's too far underwater too. No one wants him.
😅
😅
That's exactly wut i said💯
Never co-sign a loan you are not prepared to pay in full.
Yes, that is really the bottom line.
Amen to that!!
True and good advice. 🤔❤🇺🇸
"Is this your ex boyfriend?"😂😂 god I love Dave
yeah, loaded question , lol
Soon to be!!!lol
@@summerforever6736he’s going to have to do a lot more damage for that to happen
Lol… yeah I got to be honest here… I was surprised at his response. I would have thought he might say something like… “sell the boyfriend and payoff the car! Lol just kidding 🤔❤🇺🇸
Dave once again trying to break up a relationship.
$55k a year with splitting rent, should be able to make a car payment.. something wrong here
Definition of cosigner: A Fool with a pen.
That's what the instructor for my bar review case. An idiot with a pen. I never forgot that.
OUCH! (Also, TRUE!)
If you can't afford a Hyundai at 60k income, then you have alot more issues than a car you can't afford.
A Lot more...😮
Dave & George are 1,000% right on this situation. Anyone who needs a co-signer has financial problems or is trying to buy something they cannot afford (or both). I have NEVER heard a co-signer situation end well. In nearly EVERY case, the person who needed the co-signer stops paying on the loan.
That is only 1000 percent untrue my papaw had to cosign for my dad's first 500 dollars so he could start to build credit to have enough to buy a house and my dad had to cosign for me on my first 500 dollars so I could build up credit to buy a house u can't build credit without a cosigner unless u get a credit card and that's only the dumbest thing u can do and idk how that works but I would assume u need a cosigner to get your first one of those remember bad credit is better than no credit
@@RedRider763 Family legacy.
@@resaboutb.9566 that's how most do it it's the only way u can build credit if u want a house
One exception would be a fresh graduate out of college or high school who's never had a loan, i.e. no real opportunities yet to either mess up a loan or prove themselves worthy of a loan. But in those cases the only co-signer should be their parent(s), not a boyfriend or girlfriend or friend. The parents would (or at least should) know their child well enough to evaluate whether they're responsible enough to pay the loan.
@@megalodon1726 exactly my dad had to cosign for 500 Dollars so I could start to build credit so I could get a house someday but he made it very clear u do not spend that 500 dollars that's what u pay it off with
Dave makes his point much stronger when he keeps the anger suppressed but still internally has it. Holding back the anger is more powerful than releasing it, as far as conveying his message with a high amount of clarity goes.
Nah, I prefer he yell, "Dag gummit, what were you thinking?!???"
This is a sign to get rid of this BF. If a BF was really responsible it will do its best to get out of the car to do is best to get tidy if this debt. Because this is causing emotional damage.
She may as well call the CU and tell them to repossess the car and arrange a date and time to pick it up. She may then file bankruptcy and move back home with her parents' and drop the boyfriend. Seven years will give her plenty of time to mull over and learn from the bad decisions.
Male golddigger...😢
Where she finds herself wasn't just predictable; it was nearly a certainty. The entire lending industry knew that, which is why they required a cosigner. Why do people insist on such chaos in their lives?
"Love"
@@The_Food_Police i'd rather label it dumbness
HoNdA eLaNtRa 😂
"Nice car" lol
Lol Huge difference between a Honda and Hyundai
My parents told us to never cosign. I've had several friends and relatives ask me to cosign for a vehicle, I tell them NO. Last person that asked me to cosign an 80k truck, yet his own mother had to cosign an 8k car for him. On top of that, I know he wouldn't pay anything.
You've had friends and family ask???? Who tf would do that
Even ask i mean... Its shameful. They can't afford it so they want you to take their risk???? Unreal
If someone asked me to co-sign, I would chuckle, and then be silent.
She sat up on that phone and lied 🤣🤣😂😂😂 she didn’t want Dave going in on her boyfriend so she lied for him by saying “he’s willing to get rid of the truck too” 😂😂😂 girl
The Bank idea won't work Dave, lol. That Bank manager will tell her to kick rocks.
What choice has the banker got ? , it ALL depends on how much easy collateral the lady has.
@@ozarkman1478the banker has the choice to charge fees, repo, and bill her and her cosigner. Send her a 1099 and write it off. All part of the car process and legal.
Now an unsecured personal loan for her alone? That has no recourse nearly as good.
@@hvaball150 the banker can bill them all he wants , if there is no personal value or other collateral he has nothing to collect. I know , I loan money out to people all the time , I make sure I’m well covered , assets have a strange way of disappearing when things start goin bad.
my niece is 32 years old and she just told me the other day tha She is paying $800 a month for a car payment for the next five years. That is insane! I know she does not listen to Dave Ramsey.
That’s about average nowadays for a car loan. That’s why I keep driving my hooptie 😅
Mr. credit union has already decided to cut their losses and repo…they ain’t going to dig themselves in deeper and hope the car sells for what the blue book value or wait around for these guys to get their life together.
Yeah, missing payments is really bad.
biggest mistake is co-signing for another adult. There's a reason why your boyfriend needed a co-signor, because he is terrible with money. After going to credit union, they both need to sit down and discuss each other's financial situation. thanks for sharing.
Cosigning for anyone is not required
My friend co-signed my very first car. I paid the loan early. I couldn’t possibly do anything less than that after she trusted me so much.
@@UTOT222 You're one of the few exceptions who appreciated your friend's help and honored your commitment to not just pay it off, but early. Still, I hope your friend doesn't co-sign for anyone else, realizing she was very lucky that it all went well.
@@CarlaQuattlebaum Completely agree. It was a HUGE risk and I will always appreciate her kindness to me. We were both young and naïve!
These broke dudes getting chicks to cosign for them so they can front driving around trying to look he has money to get another chick and get the new one to cosign for him
Driving to the side chick
Tall dark and handsome just as bad as a woman with a pretty face.
lol on a 32k car ...
@@r3belz581is the Elantra even a $32k car??
Reminds of the Netflix/Tinder Swindler, lol.
Dave’s good! He’s hilarious and doesn’t know it. I can’t get enough of
I don’t want no scrubs!😂
Hahaha
These geniuses owe $32K on a car worth $19K? Jeeze-o-pete!
Happened pretty often in the last 3 years. Unfortunately, sleazy dealers would talk people into car payments, not ever discussing the total price of the vehicle. Easy to blame the consumer, but the average consumer never learned any of this in school.
@@XennialGuy The average consumer has little problem willingly going into car debt. You can only blame sleazy dealers for so much.
@@markaustin5269Chad an Tyrone lol
@@markaustin5269 The average US consumer has very little understanding of how debt even works, and car salesmen exploit this. You would be surprised how many Gen Z's don't even understand what payment interest is let alone the MSRP of a vehicle.
Not yet mention on a hyundai
What I want to know is, "Why is BF behind / unable to make his payments?" Why is *she* looking into getting a personal loan? Why isn't *HE* looking for extra work to pay for the vehicle he wanted badly enough to swallow all pride and dignity and ask his girlfriend to cosign a loan for him?
Because he’s a deadbeat.
Making $55K/yr and wanted a $32K car... they both wanted this car. The approval was likely based on her credit but using both incomes. Playing house with real bills is pretty silly for both of them. Hopefully they figure out if they are making real long-term commitment or going their separate ways. Sounds like independent people in a relationship. Doesn't work.
Watching things like this makes me so happy I am debt free.
Getting there
.😅
If you really love & care for someone that asks for a co-signer, you would be doing them a much bigger favor by helping them get educated on finance with a course such as FPU or similar. Of course, it's on them to actually take that advice, but you did your part. If they do, they will thank you in droves later. Sometimes tough love is the answer.
How did we ever get to as a society that "I can afford this depreciating rot box because I can make the payments"?.. How about saving up and paying the damn thing cash? No, we have to have everything NOW!.. its stupid!
indoctrination system is working real well isn't it? and yet they still want to offer more free "education" because the curent free ones have been working so great for us lately
No matter who you are, if your car payment is over $500, you could not afford the car. If you claim that it is okay because the interest rate is low, you got that low interest rate by overpaying for the car.
Well said. And if you can easily make payments of over $500, that means you have enough disposable income to save up for a car and buy it without a loan.
The fact that they aren’t married makes no difference in this situation. They both signed onto a bad car loan. My question for her is, did she not know her boyfriend was bad with money before all this happened? This could be an expensive mistake that makes her realize she’s with someone who’s not marriage material.
Oh yes she knew.
My guess is she wanted the car too. She'd be riding in it with him, and possibly driving it occasionally, so she ignored the red flags with his financial situation and cosigned anyway.
I only hope
People will never learn
They never do, it seems.
Dave, I already know I'm going the wrong direction at every fork in the road, so don't chew me out, but give me some advice on this one little problem I'm having, without challenging my ego 🙄
Yeah I feel for her. Terrible situation. I would never co-sign with anyone and I don’t care how much I love someone I am never combining my finances. Hell I’ll just live by myself too. Too many worse case scenarios that become reality.
😂 Elantra IS NOT A HONDA.
I about passed out. Girl HYUNDAI
@@OopThereItIs77777 🤣😂🤣😂. She tried to put extra on it.
@PS_00700 it’s not even that. It’s NOT a HONDA.
Slip of the tongue. Honda, Hyundai. If Dave asked "Honda?" she probably would have recognized her mistake and corrected herself.
@@megalodon1726 maybe.
you've been warned not to do this.
32k on a brand new elantra.. they have not paid 1 dime on that loan. brand new with tax u buy them for 28k. its been over a year ya wonder why its only 19k worth
They rolled negative equity into the loan.
On another note I'm glad to see George and Dave are getting along well. As long as George doesn't bring up safe withdraw rates it appears his career is safe 😆
as long as he doesn't bring up actual math that affects real people's lives.... you do realize how much of a joke Ramsey is! ?
lol i wonder if they even confronted the situation
@@Mysteri0usMem0 oh you know Dave let him have it
@@rnt45t1Yes. Most of us are just here for the red pill comments.
Probably bc Dave realized he was in the wrong.
How can they not afford this car payment with both of them working? There are holes in this story.
People be spending 5$ on coffee, 10$ on lunch and 20$ on uber eats for dinner... Everyday. That's a lot of money and it adds up.
It's not a matter of affording it. With their combined $115K income, they can afford it. But her boyfriend is irresponsible with money. People can make a million dollars a year and still leave some bills unpaid because they're so stinking irresponsible.
Lol these people crazy. Im never in life putting my name on the line for someone im not married to
I'm not doing it if I'm married.
if I was a credit union manager, I wouldn't give her a new loan even after dave's fantasyland diatribe.
I friend in a similar situation. No bank or credit union would touch him. He tried 3 different credit unions.. people wonder how payday loans became so big.
I'll never for the life of me understand why broke people makes themselves broker for a stupid car that should be considered wildly out of their price range
I think she made an emotional decision.
STUPID decision
Not uncommon for young people. She will learn.
Never ever Co sign
To be very honest u don’t need to own a car if u have debt( unless the car brings in an income or it takes u to work where a bus is not possible. The biggest killer of savings is car payments
Yea it doesn’t work like this nowadays. The bank manager has no authority to push loans through. They all have higher departments with no public access for underwriting. The manager will try to reach out to that department but will be told there is no deviation from policy. These banks aren’t sticking their necks out for anyone right now and they would rather let the naked portion of the loan die with a loan package that was already approved before based on appropriate merits. They don’t care about that $13k. They have to protect their underwriting process.
She doesn't even know what kind of car it is. SMH. Honda doesn't make an Elantra.
These people think that they can live in a well financed Twighlight zone. It is incredible to me that she did not work this out before signing her name on the contract
Has anyone really tried Dave's trick at the bank and asked the manager for a loan like that? I think Banks will NOT entertain the caller as they are not paying their car loan, why would the bank entertain Dave's stupid request?
Maybe back in the 90s
If the co-signor has no net worth the bank has no choice , just let the car go back and the bank is on the hook for all the loss , their credit will be ruined but who cares.
32k in debt for an old hyundai elantra wow!!
He rolled in negative equity from a prior loan.
God bless you Dave!! 👏🏽
It’s amazing how women will put up with such ridiculous things from Chad and Tyrone because of the excitement and tingles the toxic relationship gives them. Then they hit the wall in their 30s and suddenly have a laundry list of requirements and bitterness towards the rest of men out there.
i bet you dont have a gf or make 50k lol. enough with the virtue signal red pill crap.
You left out making a couple babies in their 20's that neither Chad nor Tyrone can afford or are willing to support.
@@curiouscat3384And aborting a handful more that nobody knows about.
@@robloxvids2233The silent part.
If you guys spent half as much time improving yourselves as you do bitching on the internet about Chad and Tyrone you’d be able to get women like the rest of us.
$32,000 for a Hyundai Elantra??? YIKES!!!
No way😮!
Hyundai builds the Elantra, not Honda. There's a big difference in the resale between a Honda and a Hyundai. I mean this might sound petty but a 2021 Honda will retain 85% of it's new value while a Hyundai the same year will retain 70%. New car smell makes people turn into ignorant fools, and I'm no exception. But I learned my lesson and if you are smart you will let others make the mistake and learn from that without having to go through that pain yourself. Unfortunately pain is the best teacher there is. I wish this woman good luck and I hope this sticks with her for the rest of her life.
Thanks for doing that lesson for the rest of us... because it's common sense and knowledge that new cars are not worth it and 99.99% of them lose their value. I tell people all the time to find a reputable used car dealer and buy other people's used and discounted cars. Bonus if you find a good deal on a car with a rebuilt title. That's what I did... back in 2015 I paid 12k cash for a 2014 Nissan Altima that only had 9k miles on it. I've only had to replace a wheel bearing assembly so far on it and it's about to hit 90k miles.
@@TheFlyingZulu That is too hilarious. I have a small used car lot and I bought a 2014 Altima at the auction back in October with a rebuilt title. Now it had a 142k miles when I bought it but I personally drove it 3000 miles over the following 3 weeks to my night job and running errands and such to make sure it was good. It is an absolute awesome car and I now have it on my lot for sale at 25% under KBB. Some one will get a great and dependable car for much less than it would be otherwise and the only real issue is a little mismatch on the paint that you can only see when the light is just right! Excellent tip, thank you!
@@1967davethewaveToo cool... another tip on that year of Nissan Altimas is that the NS-3 transmission fluid needs to be changed about every 30-50k miles and they need to be driven very gently. If not that metal belt in the CVT tends to break easily.
@@TheFlyingZulumaxima too. We have one and we change the transmission fluid every two years. So far so good CVT is still ok
@@TheFlyingZuluThanks for another tip. I had never owned a Nissan before I started my car lot about a year ago but have since really started to like them. I sold a Juke just last week and it was really a decent little SUV, everything worked like heated seats and all the locks and windows and it drove really good. Definitely on par with Toyotas and Hondas.
Take the credit hit and tell the bank to come get the car. We did it. They never came after us for 10 grand. 10 years ago. Poof, gone.
That is bad advice. They make good money
I wouldn’t even co-sign a car loan with my husband right now, let alone with Chad or Tyrone. Holy crap ladies, get a brain.
If your husband gets a loan while married to you, it's marital debt and you're responsible for it anyway if a lender wants to pursue you.
In my experience with credit unions is that they preferred repo it and just sell the debt to a collection agency
Yup
And make another $4-6k in the process that they can write off.
The bible also says, "Wise people seek wise counsel," so I applaud anyone contacting credible experts to seek financial advise. Thanks for sharing.
Even if you’re married, the only debt you should co-sign together is your house. My car is in my own name and my husband’s in his. Simpler that way.
?????
If your husband has the mortgage, why would you ADD yourself to the loan?
If the car loans were initiated after you got married, it's marital debt and the lenders can sue both of you even if the loan is only in one person's name.
@@megalodon1726 I know that is not the case for houses, I had my wife quit claim
so, I could Title as Married man, sole and separate property. She was not working,
refi was easier.
I latter change the Title to community property with rights of survivorship.
She had to sign that she accepted 1/2 ownership.
Also, the day of legal separation is filed (not divorce), financial separation occurs.
I think one brave soul should make up the worst story ever and call in to talk to Dave. Let’s see how red we can get him. 🤣
These REAL stories are nightmare enough!! Lol😅
@@cleliaparnell8743 facts lol
This show has already heard it all.
That credit union manager isn't going to give a rip. They've got her on the hook, so if payments aren't made, they'll repo the car. There will be a deficiency balance, owed to the bank after the car is sold, (the difference between what's owe on the car, plus any fees, and what they actually get for the car) and she has to pay for that. If she doesn't pay, they'll get a judgement and attach her wages. You can bet the boyfriend will be gone by the time it comes to that. The fact that she's looking for another loan is scary, since she's looking to take on even more debt. Calls like this make me so happy I'm debt free, and have never co-signed for anyone.
Back in 2020 my GF co signed for me because I was in need of a car but, because of the pandemic, we managed to get the car at 0 percent interest which is hard to get today lol. Anyways since then I fixed my credit, I now make good money and I paid the car off 3 years early. I wanted to get it off her credit ASAP and now we live together and are planning to get married so everything worked out great but we were already together for 2 years about time time the pandemic kicked in.
So I now own the car free and clear, my credit is in good standning, and we both make over 100k a year each so we doing pretty good. There is always room to do better and we making small steps to do so but, over all we are in a good spot.
This girl signed with him on his charger and he financed the tax, dealer fees, under coating, paint protection and maybe even the bad debt on the previous car. People don't get that if they don't have cash they really can't affort the crap
5:26 called the bad debt missed the hyundai. How the heck do you finance for that much
My god... who in their right mind buys a car they can't afford and takes out a loan for 32k... The damn things go down in value so bad it's not even funny.
I thought it is a turnoff for women that a guy isn't financially stable yet we have callers like this that they cosign / loan their men money which the guys can't afford in the first place. where do I find women like this that would dive head first for me, oh that's right, gotta be a bad boy that is bad enough to pull something like this first
Come in, catch up! Men are leaving women with their babies with NO money for support. This is today’s normal.
@@jet4415 nah, just never put women before you then you will be safe
Women will have children with and get into financial quagmires with bad boys, but require good guys to have their finances in order.
He knows he messed up. There is hope yet for this guy.
The bank does not care and will not adjust the loan - sorry you need to save the $10k and get out of this through hard work and saving instead of spending your entire paychecks on takeout.
This is a very standard example of why the car lending industry is doomed to fail. While the price of cars and thus the loans for the cars have gone up significantly, the value of the car has not kept pace. The reality will be billions of dollars on loans for vehicles worth less then half of what the loan is for, so when the massive wave of repossessions eventually happens, those banks are going to go under. Then our government will almost certainly be there to bail them out.
Keep everything separate until you’re married. Her finances are her problem and my finances are mine, until (IF) we get married.. You’ll see if she lasts or not.
5:35 So what exactly is a Honda Elantra? Lol...
Just me reporting spam of all these scammers trying to take advantage of already struggling people on daves youtube videos.... this world is screwed up....
im 51 and never had a creditcard or had a loan
This woman is a classic enabler. Sorry. If someone's dating someone who's an ADULT and can't get a car loan on his own, you may want to rethink your dating and relationship and self esteem situations. I know that's a harsh thing to say, but I've seen it way too many times - with women especially, being enablers for their "men" or boyfriends who are perpetually irresponsible. Just the fact that this guy needed a cosigner at all, coupled with the fact that (surprise!!!!!!!!) he's missed payments on the underwater loan, is as big of a red flag as there can be. Finally, what the hell is HE doing about this situation while she tries, MORONICALLY, to take out a personal loan to clean up HIS mess???? My prediction based on dozens upon dozens of similar situations I've PERSONALLY witnessed throughout my years of knowing and working with women just like this one with a "man" at home, especially in this culture? It won't change a thing. She'll STILL take care of him. Bet the farm on it. I'll NEVER understand it. Not smart.
He's a bad boy and women love bad boys.
Look out, lady 😢
She needs to move on from him. He couldn't afford the car by himself...not great life partner material. She needs to move on before he knocks her up.
Move on, lady...😅
Financial boundaries help keep us safe. I have co signed before in life but I was married at the time. Thank you 🤔❤🇺🇸
I had a boy friend who said he’d save me money by putting a van in his name. After we broke up he kept it. I feel he stole it from me, a struggling single mom. Lesson learned.
Dave is annoyed!!
I did it young 4 my mom...10 years ago i never wudve imagined she wudnt make payments n it get repo'd.
Typical Dave. Does not live in the real world. He always thinks the bank can do what he wants.
The bank already told her the truth.
Why would the bank give out a loan, when they are already not paying the car loan?
It makes no sense. He doesn't pay the car, they can easy repo it. And then sell it. And still make more then the 13k.
America does not live in the real world either. America is la la land.
I did this in my 20s for my boyfriend. 100% financed a motorcycle for him. Then we broke up. THEN I traded in the motorcycle for a jet ski. BECAUSE this guy from my job said hey why don't you trade it in for a jet ski and I'll help pay the bill every month, which he did. But gah, what an idiot I was!
Doesn't matter what KBB says. KBB doesn't SELL or PURCHASE cars.
NEVER CO-SIGN for ANYONE - PERIOD !!! NEVER EVER DO THIS !!! IF YOU NEED TO CO-SIGN THAT MEANS THAT MEANS THAT PERSON CANNOT AFFORD IT ON THEIR OWN 🙄🙄🙄🙄
NEVER co-sign!
They can't pay the car with 60kand 55k? Really.
I have a very personal loan.
BORN-AGAIN GO TO HEAVEN !!!!
There is a huge difference between Honda and Hyundai
She called in telling Dave not to chew her out🙄 These women love supporting bum dudes but regular guys who can't buy her a BMW are broke boys smh
Lots of projection coming from you.
@@ruhhshelle Anyone ever tell you you look like Keri Russell?
They'll support the bad boys but require good guys to have their finances in order.
Put a check box on this call. For all the bf and gf's out there thinking playing house means anything outside of the small minded minds trying to say it's a good thing
Proverbs 17:18 (AMP) 18
A man lacking common sense gives a pledge
And becomes guarantor [for the debt of another] in the presence of his neighbor.
Proverbs 17:18 (CEV) 18 It's stupid to guarantee
someone else's loan.
Get a personal loan, invest it in Dave’s mythical 12% mutual funds. Double your money every 5 yrs. Sheesh. Looks like George is still on secret probation from his audacity in suggesting a safe 4% withdrawal rate which angered the cult leader.
Hyundai Elantra? I owned an Elantra, and it wasn't a Honda.
$32k on a Hyundai Elantra 💀
This woman got duped 😂😂😂 don't feel sorry for her. Her bf sounds like a broke Chad 😅
Dang not the Honda Solantra 😢
A good man will not let you co-sign for something you can’t afford. He’d say “no babe I can’t let you do that”
You cant tell managers of banks or credit unions this kind of stuff. Kind of makes me question your knowledge of helping people escape bad situations.. :(
If Dave walked into the credit union, they would do anything he tells them to. Hes likely a preferred customer.
If he was really “on board” with getting rid of it: 1. They would have done it already, or 2. He’d be the one calling
....and have another job to dump money on the debt!
I like that version. LOL!
Pickle can't be that good for just a Hyundai
Honda Elantra. Lol
115k not 105k
honda elantra lmao? it’s Hyundai