$72,000 In Debt For A Kia?!
Вставка
- Опубліковано 20 вер 2024
- 💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolu...
God bless the people who buy cars new. Without them there'd be no used cars for the rest of us.
😂🙌🏾
Not the Kia buyers though. Those things blow engines 5-10 years later
Oh you sly fox…
@@tylersanders2388 good thing this one is electric so no engine to blow 🤷♂️
@@DJS100 I find it hard to believe a 2015 is more than a 2023.
The fact he bought a $72K vehicle after just getting married and is still renting is all I need to know.
What's wrong with renting?
@@montyi8 Nothing, but $72K should be going towards a house down payment, not a Kia.
He didn't buy the car for $72k cash, they're still in debt, so that amount can't go to house down payment. Anyway I don't support it.
@@montyi8 Bet his monthly payment on that Kia is higher than my mortgage. I'd sure rather have my house than his car.
Plus he’s paying 1600 rent & 1200 for the car. Should have definitely bought a house
The idea that there is such a thing as a $72k Kia is insanity to me.
Most likely a 15-20k mark up that the dealerships been doing for electric cars
Purchased right in the middle of the chip shortage. Dealers could ask whatever they wanted for vehicles then and get it.
really though who wants a Kia that bad
@@thesquad2253 Right..
Yeah, cause there isn't. Even a fully loaded EV6 is like $50K.
When your car note is the same as your rent, you have crossed over to a new reality
But but but INSTANT GRATIFICATION! 🥹🥲😭
His car loan is MORE than my mortgage. And I own a $700k house !
@@rds990 your not financing the full $700K with less than a $1200/mo note on a conventional or VA loan. misleading comment
Actually, if is the car note... only a FOOL gets one.
@@rds990and you only have 200k financed at 3% so be quiet
My 1997 Corolla is still running!!!!I'm happy!!!!
So is my 2014 Fiat. 😊. Lots of good old cars in the market
So is my 2003 Camry. Still love it after all these years.
My mom had a '97 Corolla about 25 years ago and she loved it! She had it from the late 90s through the early 2000s when my dad bought her an Element
I would be too!!!
So is my 2002 Corolla
That man got absolutely RINSED at that dealership. Absolutely insane
The who dealership had to be doing high fives after he left.
"A fool and their money are soon departed"
Give that man a towel, for he got washed.
Guaranteed he was the type of guy who negotiated nothing and just said yes to every option or add on the salesman proposed.
🙄
That salesman is swimming with his commission money rn 😂
probably drop it all in blow and strippers.
I worked at a kia dealership, and it's around 1200-1400 in commission.
He saw this guy coming from a mile away.
The new cars has flat rate. The money is in a used one
@@drewjohnson4176 And that's only the average salesman commission. On a 30K car, the gross profit margins are 20%, so they make about $6K and divide it by 3, a 3rd for salesman, 3rd for operations of dealer, and another 3rd for dealer owner profit. When dealerships cease to exist, it will be historic and amazing.
All of these people claiming that they don't have money to go back to school or buy a house will buy a 72k car. It is unreal.
It’s a difference in outlook about how broke people look at purchases. They think about the whole purchase price for a house but only think about a low monthly payment for a car
The same reason why poor people have kids. It’s a biological response to stress. We feel the need to have something that fills a void.
It's all about priorities. You are correct.
72k Kia LoL
I see what you're saying but the average house price is $300k, not $72k 😂 I can NOT afford a home but I'd buy one if it were $72k, let me know if you find a nice one 😂
Three weeks ago, I test drove a Kia listed for $31K. The dealer said it’s actually $45K. So I walked out of there and blasted them on Google
Ridiculous. Rip off.
Dealers are still marking up electric vehicles ridiculously ….
In a couple years they're going to be begging people to buy cars.
Yes, dealerships are still pulling this "Market Adjustment" scams.
That is flat out illegal
The next call is going to be from the car salesman asking where he should invest his new influx of cash.
hahaha wonder if that's ever happened before but in a different situation.
Haha. Well Played!
Ha ha I like your comment..good one😊
the problem is that he probably paid $15-20k over MSRP. the car didn't lose value that fast, he just paid more than he should have.
Absolutely
the major problem, it's a KIA. And electric to boot !!!
Exactly 💯💯
@@TanManFixes Very poorly made cars. The quality control is not good. I would expect the EV versions to be just as bad.
@@mplslawnguy3389 not really
72k for a Kia? No offense to Kia but if I drop 72k on a ride it won’t be a Kia.
Everything is expensive at this point
I know there's lots of people that paid way over MSRP for a Telluride and they're all likely insanely upside down now.
My old boss just dropped $60k on a telluride. Insane...
To be fair if it's a EV6 GT that thing is quicker than some supercars lol. If this is just a GT-line or lower than he rolled a bunch of negative equity into.. yikes
@1byrdman007 and at the end it's a kia regardless of all that! You are lucky if it's still running by the time you are done paying with an overpriced disposable car b
I’ll just keep driving my $6k paid for car with a smile on my face
Me too. 01 ford ranger 184 k runningstrong too
Amen!
Yeah but it can break down anytime
6k ?!?! far too much LOL. honest props to you though, really. my pile cost $2500, i'm driving it into the ground.
@@montyi8 just like a $40k car can
I just googled it, and yes, there really is a $63,000 EV6 GT Kia. Add a few upgrades and your up to 70K.
Thought he paid for markup from dealer
Dave is treating George like his apprentice 😅. "Go look that up, while I talk!"😂
His own "Jaimie".
@@dallasryder8125 Why Jaimie?
@@Universal_Craftsman if you listen or watch JRE, you’d get it. Jaimie is basically joes “look that up”
@@dallasryder8125 Oh, now I got it. 😀
@@Universal_Craftsman yeah lol
The car isn't $72k. Listen to the phone call. The husband bought a new car and then immediately traded in that new car in for the current Kia. So this Kia loan has two brand-new cars' worth of negative equity built into it.
That's genius
💯
i agree, and people are extremely dumb for doing that. i have a 2022 subaru crosstrek, it's actually worth more then i owe on it. i have no intention of trading it.
Oh. My. Lord.
100%. He rolled his loan over
If he tries to sell it back to the dealership, he will come back with two SUVs and a Kia Soul.
😂😂😂
All for only $150k🤣🤣
😂
I’m cackling 😂😂😂😂
🤣🤣🤣🤣🤣
I can’t even find the existence of an electric Kia for $72k on Google. I need to meet this salesperson.
Got ripped off that’s what happen and she knows that
Theres an electric kia with like 650 HP I think but still a rip off
That salesman can sell sand in Arizona
Probably had ADM on top of it. The top spec EV6 is $62k. So $10k ADM on top of that isn’t out of the question.
@@10RRASK that’s like getting the top of the line Invicta watch for Rolex prices lol
I don’t understand what type of guy would drop 72k for a Kia
Anyone that pay more than 25k for a Kia should be banned
OMG! 1200 a month for a CAR?!!! That is truly insane!!!!
That was my mortgage payment before I paid off my house. Not so long ago.
And it is not a Bentley
@@karlabritfeld7104 My mortgage payment is $200 cheaper NOW.
That’s my kids private school tuition for the month. 😮
That's our rent
This is what happens if you trust the dealership too much
@unfair sanic Annnd your new husband. (lol)
No this is what happens when you’re broke and stupid…
Too much? Don't trust a dealer AT ALL
This is what happens when you're stupid and panic. He saw gas prices at $5 and thought he could save by buying an EV. The dealerships knew people were desperate because of high gas prices and could rip off the fools.
@@safeandeffectivelol yep..😂😂🤣🤣
After hearing/ seeing consistent videos like this, I realize life is not so bad after all. Thanks to everyone who gets completely hammered on new cars so we can buy used.
😂😂😂😂😂
Used car prices are through the roof
It can make financial sense to buy new sometimes
@@Hewx2 exactly. Used cars cost just as much as the new
@@DRWP10 that makes no sense, cars depreciate 50% after leaving the lot, they aren’t as expensive as new!
I love how when he asked if the husband bought the vehicle on his own, the caller decided to tell a long story about how they got married and some "funny story".
It's a simple yes or no answer
You can tell she doesn't stick up for herself and call our her husbands bullshit. They're going to have major problems. This is only going to escalate. I can see it now, "so funny story hunny I "ran" into my ex the other day".
The highest I can find for a Kia EV6 in my area is $48K, for a 2022 model. I doubt it depreciated a full 1/3 in the first year, so her husband must have rolled his negative equity from his previous car into this one.
Gt stinger gt1 would be a way better choice
That's what happened. Terrible waste.
She said that he owed $32K in his old car before they called him to get that car. There's no way that KIA was $72K. I don't know much about cars but my goodness, he could have and should have said no.
10 years ago, a car did depreciate 1/3 in a year if you put 15-20K on it. I used to buy 1 year olds and trade them in at 10, and lose 1/3 value with 9 years of use. Nowadays, used car prices are rediculous, so buying new is the best option
Or bought a second car for his mistress
“He did not do this at the altar.”
I just imagine this lady’s husband buying a brand new car from his phone while exchanging vows.
The salesman was the officiant 😆
not just any car, buying a *KIA*
😂😂
Had to get it in before me became we 😢
😂😂😂😂😂
it’s an EV6 he probably paid over MSRP and or wrapped in negative equity from his SUV he traded. This situation makes sense it’s probably only worth about 40
This is exactly what happened. He probably bought a Sportage to begin with, but expressed an interest in the EV6. Then the dealer got one in and called him. He probably paid $10k or $15k over sticker price for it.
I was thinking the same….feel bad for them. Very dumb! 🤦🏻♂️
Exactly
They said it was a year ago, which was around the chip shortage. Crazy times
I sell cars, those vehicles are no more than $50k on the high end. It’s sounds like negative equity, but that’s a lot of negative equity wrapped in.
This isn't 20 years ago, finding a good running used car for no more than $5K is getting hard in the year 2023
Dave needs to revise his 5k for a good used car to 10k
My son just paid $1,500 for a 2000 Jetta and riding around just fine. Anything is possible.
True but you don't need to pay 72k for one.
Hard? Yes. Impossible? Hardly. You've got to search far and wide.
Sounds like the dude already had a 30k car…which he wasn’t happy with so he got a 72k car 🤷🏻♂️😂
I bought my truck. got it down from 51k to 44k, and that was with them giving me free oil changes, a wheel and tire insurance, and they made my first months payment. drove it out the glass doors of the showroom. as the old saying goes, everything is worth what someone is willing to pay.
I don’t watch this guy at all, but listening to him talk about cars is about the funniest thing I heard 😂
The best part is the cheap cars Dave always talks about. If Dave opened up a dealership and sold the cards he thinks you can get for the prices he said it would be a miracle. $5,000 car that doesn't break down every other month could you believe it?
For real. Just buy a reasonably priced new car. Don't waste time with a used card that's going to cost you $1-$2k every 12-18 months. It's not worth the headache.
@@Chet_24wrong. If you know what to look for when inspecting the car, you can't go wrong. Buying a new car is never the move
It's obvious that he flipped negative equity from the "new car" to "upgrade". The fact they both think selling to the dealership is the best route, tells you all you need to know about how they got here.
In an overpriced EV? Sorry couldn't resist!
I can assure you that husband isn't going to sell the Kia for a car to drive cash. People always love to sabotage themselves financially.
Yep. He loves that car more than his wife and future
Have a buddy who constantly does this to himself and shortly afterwards will call me and say the words “I kinda fvcked up”
I always wonder why so many people need an expensive car to feel good about themselves. Years ago I had a roommate who paid $500 in rent, but his car cost him $1200 /month.
@@florencia2771 instant gratification but then regret it later
@@florencia2771 oh but when they pull up to the bowling alley/gym/party/bar they feel like a star. Only, nobody gives a shyt.
I see it at my gym sometime. You look up and there's a dude actually look around to see if anybody notices his car. It's pretty pathetic. The women don't care.
I would like to see the video of him signing the papers. I bet the dealership was trying not to laugh. 72K! He got burned big time. 🙄
As a man this is like one of my nightmares lol. Going to get a crap car and them just laughing and snickering.... Hell NO. It's why I will probably never go to a dealership and I will probably only ever drive clunkers.
She's married to Hank Hill. I wonder what happened to Peggy.
@@spankynater4242That boy aint right! 😂😂
That new car smell really has some folks hypnotized...and for that i say, THANK YOU!😂
-- Used car buyer 👍🏾
First mistake he made was buying a Kia. Second mistake he made was buying a 72$K Kia.
Don’t live behind your means. Just cause you qualified for a 72$K car doesn’t mean you have to buy a 72$K car.
I purchased a 2003 acura with 102k miles for $3800. Works perfect. There are plenty of cars that are very good under $5000. Let's see if she follows Dave's advice.
If it's a TL or an MDX ( any Acura V6 model)keep an eye on that ATF fluid cleanliness.
@@CRAPO2011 it has had two flushes, I'm taking it in for a third soon. The lady had maintenance records since she bought it. Incredible. Thanks for the heads up
The problem is no one wants a older car.. it don’t have all the fancy electronic gadgets… if they are seen in a 13 year old ride they are worthless in they’re friends eyes… but what you can afford . Car payments suck .
@@toddprater14Some Real friends there 😁
@@toddprater14 I don't know about you buy I buying an old pick that's an eye catcher ladies love a good cowboy (Key thing is to work on it and keep in good condition)
A lot of people got under the water with these Kia Tellurides. IT'S A FREAKING KIA PEOPLE, Stop paying Mercedes prices on it.
Haha, yes! I live in suburban Las Vegas and those Tellurides were popping up like mushrooms in 2020-2021 in my area; I couldn't believe how much the stealerships were charging for those, but we have so many LA transplants used to LA prices, that the local car dealers _know_ a certain amount of suckers will pay it. EV/hybrid dealer prices are even worse out here, but again, its about making a statement (and having a smug vanity plate like "YNO GAS" or "CLEANEV") more than anything.
Those cars were status symbols
I would never purchase a Mercedes. A waste of money for Boomer status.
Well it wasn't a Kia Telluride in thius video it was a Kia EV-6 but yes the Telluride's are way over priced...
@@Delanchet Not really a fan of Mercedes but I've driven them and I can tell the difference in luxury compared to Honda or Toyota
Poor Ashley is scared she might have to get a job.
😂😜
so much for traditional values
Ya!! And i was hoping to visit her at lunch at home while he's at work
She should have told why she isn’t working
Well, she chose that man! Lol
I bought a Ram 1500 new and it’s the biggest mistake I ever made. I’m finally paying it off after 7 years. Never again.
I hope this couple never blames anyone else for being broke other than themselves. My lord
Of course they will. People like this always think it’s someone else’s fault they are paycheck to paycheck.
If you aren't working and don't have kids you shouldn't be blaming your husband for your financial problems lol
Unless he has a needle in his arm or a glass pipe god forbid
They will
With a Kia That’s a very possible option
@@nly4607- she might be working. Nothing here suggests she doesn't work
I had heard an acquaintance paid about 70k for a Kia Telluride. My jaw dropped.
Worse since that is a gas guzzling car vs the electric in this video...
The Telluride had a hype train going at one point where their demand soared, and so did their price!
@@hbarudi ev's usually depreciation way worse than gas cars though
I got a top tier fully loaded telluride in the peak of car pricing it was no way near that insane price
That's what we paid for a new diesel 4wd suburban. Very well equipped. I can't imagine Kia costing more than 40k new.
He’s making major purchases without consulting his wife and he will do it again. 🚩
Yeah that is so far out of line
He did tell her, she didn't understand how everything was going to go. She thought he was trading a 32k vehicle for another 32k vehicle. This is a 2 person household where neither understand financial stuff. They both got a lot to learn
Well yea if he's the one working
This man is a financial mess creator.
Have a feeling he's been making all kinds of purchases without her
That's nice Dave magically made the car worth 10K more, that was nice of him! Home boy ain't getting 50K, that is the retail price on his used car. Maybe if he could private sale it but its a massive PITA selling expensive used cars since most people are financing that purchase.
And what about that $5,000 car that will never break down after suggesting they spend all their savings to pay off the car so they can sell it. This guy is gold. Pure entertainment.
Private selling was what they said.
@@rickybobby7276 Do you have a better suggestion as how they can get out of this mess? Which was, after all, why she called in.
This isn’t even an issue. The guy earns 90k a year and his baseline monthly expense is 1950. Unless his wife is a full time stay at home mum or has zero capacity to work due to medical issues thennnnn she can work and then make her own input on shared financial decisions.
Telling this guy to sell his car at a guaranteed loss is the worst possible advice in this scenario. The running costs would be significantly lower than any car you would be able to replace it with anyway.
Commit to the decision and move on
Lol he fell for the “we want your car” letter
I was with a guy recently who fell for that. Traded his decent pickup for a stupid expensive new f150 with all bells and whistles because the dealer called him asking to bring his truck for a swap. I just can’t take these people serious
Bro is not going from a 70K car to a 5K car. He would rather exchange vows with the car.
This must've been the same salesman that sold me my beachfront time share in Iowa 😂
I'm from Iowa. 😂
😂😢😂
Nice beaches out that way
🤣🤣🤣🤣
There are beaches in Iowa. Do people really think there are only beaches next to oceans?
Thank you caller for making me feel better about my situation
my corolla yearly expense is lower than that kia monthly payment. and that includes insaurance.
"He is not good at this." Good one, Dave! lol
Love these types of CALLS. I be listening to the Show driving my Paid off Chevy Impala :)
Same. I listened to this in my '97 Dodge pickup, for which I paid 200 bucks a couple of years ago. I fight the temptation to be smug about it after hearing these calls.
2010 Honda Civic 😎
People are entitled and deserve to be in a expensive car.
What year?
@@Lugnut64052 Your kidding, I am looking for an old pickup right now and they are all over 10k anything below 5k isn't drivable and anything in between has ALOT of issues
It's hard to believe that he would spend that much money on a KIA!!!
He don’t even own a home but he bought a new car
@@howlbeast right? Did it not seem like a bad idea when he was in the finance office signing for a 1200 loan when his rent is 1600? 😂
Kias are JUNK
Literally hahah he could’ve got an actual luxury car 😂
But hes making 90k! Dude is making the big bucks! /joke
These videos make me feel so much better having a 16k car with 90k income.
I thought I was a fool buying that car, but now I feel like less of a fool.
You can't go much lower than $16K these days unless you wanna drive around a bicycle 😂
22k with a 175k income . These people are nuts
If he purchased an electric hybrid, lookup if the vehicle is eligible for a solar tax credit. The inflation reduction act in 2022 made a bunch of hybrid vehicles eligible for a credit of 3K-8K on your Tax Return. The dealerships are actually supposed to tell you and provide you with a certificate if the vehicle is eligible.
You might have to pay your accountant more, but this could help reimburse you for that huge price tag
The car debt problem can be fixed, but the bigger issue is that he’s suggestible and impulsive. Either he comes to terms with that and they build guardrails into their life to head that off, or they’re in for a lifetime of debt and stress. Wow.
They probably byut lottery tickets
They're screwed. This is the kind of guy that is going to cheat on his wife.
In some marriages the wives handle the bills even if the husband is bringing in the money. That would be a good set up for this marriage
I was thinking that also. Can we say red flag?
“Do you have any money?”😂😂😂
Any vehicle over 50k these days is just plain nuts.
Yea because the porshe GTS should be 50k lol. 🤡
You should have said, paying over $50k for a car, that you cannot afford, is plain nuts. There are cars that legitimately require a price tag over $50k.
@@JBrown-go8ru Yep my 2023 Lexus ES300h Ultra Luxury Trim with additional options and dealer add-ons I bought for less than M.S.R.P. My wife is a hard-nosed negotiator. LOL
PS - I get 42+ MPG on regular Shell gasoline. Take that to the bank and I paid her off in 10 days. 😁😎🤔
Any decent New vehicle is near that.
@@abbyed6039 You mean any decent hybrid, Toyota Highlander, RAV4, Venza, Mazda, Lexus, Volvo, and even Honda.
I'd say she's in charge of all large purchases from now on, anything over $500. He proved real fast that he can't be trusted with large amounts of money.
Most divorces are caused by money disagreements, and I see this marriage headed that way- he's buying the latest and greatest overpriced car and doesn't want to sell it and she's calling Dave Ramsey for advice.... two different money personalities at work there...
He probably doesn't even know she called, otherwise he should man up and make the call himself.
Exactly right
I think a bit of negative equity from the car he traded in is inflating the outstanding balance.
She said his other car he traded was fully paid off
I paid less for my model x performance including wrap....
I wouldnt pay more than $30k for one of those brand new 2024. They're NOT WORTH that money
Definitely feel for people that purchased the EV6s around that time last year and paid a ton over MSRP. They were limited supply, new, and very hyped (still are). I got my EV6 for $2k over with a lot on trade, so I was pretty even. He paid about $15k over MSRP on this. The max MSRP at the time was $58k, but the most popular version was a Wind with an MSRP of around $53k... It didn't really depreciate that fast.
Don't forget financing and tax. My mid-trim EV6 came to $66K. Dealer added $6K over sticker and that was what I could negotiate them down to. I went to 5 different dealerships. Still think it is the best purchase I have ever made in my life. You're basically getting a luxury performance sports car for that low price. It feels like I am on the road now riding around people with horse and buggies.
@@zeethree yeah I love my EV6. Fantastic vehicle.
@@TechnicallyJeff EV6 is a great car but I like the Ioniq design more.
@@gamingwitharlen2267 I'm the opposite haha. I like the Ioniq 5, but I like the EV6 design more.
@@TechnicallyJeff Yea I like the features of the EV6, the Ioniq 5 has more space though, but the EV6 looks more sporty lol. Also it's funny how much value these EVs lose value.
😂 I paid 15k for my Kia Soul 10 years ago it’s paid off still gets 36miles a gallon!! Put 15 dollars in it a week 😂 even w stupid Gas prices
I also have a paid-for 2013 Kia Soul. No complaints here either. Great car.
@@MikeCo32 Same here sorry if it offends anybody but during the Obama years I knew I needed a car that gets a ton of mileage with those gas prices and now they are back to the same
I've got a 2013 Soul with manual transmission. Have given me zero problems in seven years. I covet other cars all the time but keeping this one makes financial sense.
@@lagarde2011 Same here!
Souls are awful cars
It doesn't matter. He is not on board. He wants the car more than saving for a house or retirement. He has car lust
It’s been my experience selling our used cars that people are not organized enough to buy a car without dealer financing. We tried to sell our honey odyssey minivan. We owned it and had paid cash. The dealer was willing to give us 11k. We couldn’t get anyone to buy it for that amount. We traded it in and I saw it listed for 17k two weeks later.
Dealers are like pawn shops. Have to sell lower to make a profit
@@alextogo8367 Did you mean buy lower? Buy low sell high is the way to profit.
@@lrich8181 that's what i said.
@@alextogo8367 no you didn’t 😂
Sold used cars my whole life, ya I noticed what you say started around 2000, people don't have cash!! Anything more then $3000 no way!!!
Dealer financing knows that and rapes the customer
I love being debt free
Yeah ok broke boy . You don’t rock supreme mike sb like me
Good for you bro.. payments are for losers
Anyone who thinks a Kia is a crappy discount car is living in a mindset from.20 yrs ago
He prob paid a 10k markup on the car and it was fully loaded. Guy got reemed.
Bent over a salesman's desk
@@alinatamashevich3354 🤣
Could've got a V8 Lexus IS500 for cheaper. Like me.
Nobody wants that grandpa car
I love my fully loaded 2017 32kmiles Rogue 😂. I'm a car dealer's daughter and people expect me to roll up in a Rover but nope!
And your telling us this for what reason?
Just wait until that cvt fails
Ok??
I wrote a check for $6,500 for an '07 Chevy Silverado with 120,000 miles. Put another couple of grand into fixing the dumb little things wrong with it. Replaced ALL of the fluids, put 30,000 trouble free miles on it, and it runs like new. The interior is great, it's paid for and the insurance is about $85 per month. It's old but it serves it's purpose.
$72k for KIA? I am Korean and KIA is from South Korea but, never knew EV6 is sold for $72k!!!! That's just crazy...
The monthly payment for that car is nearly the same as my mortgage.
You have a really cheap mortgage lol.
more than my mortgage.
Kia thinks that they are Mercedes or something 😆
No, Mercedes are going for 130k
@@Liamshavingfun They don't have to be brand new bro. Cars depreciate a LOT in 3-5 years. Never buy a brand new car.
@@martinmi5 but then you inherit someone else's problems from a used car.
@@martinmi5 Depends on the car but the chances of owning a valuable car for most people is slim
Kia EV6, I am shaking. Dave you are like an Angel to save us. Thank you.
People call my wife and i boring.... House paid off, zero debts, $1m pension pot, home cooking, local holidays... ZERO WORRY!
The only time I’ve purchased a new car was in 2022 when the car market was upside down and used mini vans were significantly more expensive than new ones…
150 MILLION for a Dave Ramsey lawsuit about misleading viewers?!!
I'd like Dave and Team to report on how much it costs in addition to MAINTAIN a $5000 vehicle with whatever failures happen due to age and mileage
Exactly
I've been driving a 1993 Ford Ranger that I bought for $1000 for almost five years now and it costs me maybe a thousand dollars a year to keep it on the road...so...not much if you're mechanically inclined and can do oil changes and repairs and whatnot yourself.
Minimum of every three months you will be making repairs. Probably $100 per month minimum in addition to regular maintenance for an older car. And this guy and girl sound like idiots when it comes to cars so they are going to be taken for a ride at the mechanic. The extra cost in parts and labor that you wont have for a newer car isn't really the problem though. It's the car breaking down and you and going to the shop all the time missing work and spending your weekends that is the problem. If you can afford it it's honestly not worth the trouble. Only what I see it working is if you've owned the car and maintained it well and the private sale amount is $5,000, but you just aren't going to find something like that unless if you are a dealer and spend all day looking at cars to buy in which case you're really adding value to the car and after your time and experience it's not really $5,000 anymore which is why the dealers always resell a car for so much more.
And even if you want to do repairs yourself and learn you need a garage (these folks rent) and tools. A $5,000 car makes zero sense for them. If they make 90k they can afford something that doesn't break down every other month and building up credit card debt to make repairs.
Ive driven the EV6 from Kia, which I think is what this is. He probably got the highest GT trim. He can sell this private party and make most of the money back. It's a fantastic car but he did overpay for it.
KIA is piece of junk. Hehe.
He should be able to get the $7500 tax rebate, too.
@@aberlin01 kia doesn't seem to be on the updated irs model list so depending on when he ordered or delivered he might not have gotten it
@@masonvanmeurs6683 I work at Kia and they aren't offering the $7500 rebate on cars that aren't domestically made, the EV6S are made in Korea, but yeah he for sure paid over MSRP..
No Kia is a fantastic buy genius
I like how Dave couldn't believe a car could go down in value that much -- " . . . even a Kia." Had to laugh at that.
I'm debt free, pay cash for everything. The best thing is that I have not worked in nine months and I think I will take another 9 months off still.
I bought a 10k bike and I go riding most afternoons, debt free live like a millionaire.
"He was stupid to pay $72,000 for a KIA SUV!"
those dealer emails saying "come upgrade to this" seem completely automated and borderline scams. They send me messages to come and "upgrade" my 2018 highlander to a different used car all the time.
My uncle got one of those keep in mind they wanted 10k less then retail for an 8 year old used pickup, he made the move then bought the same truck again used for even less and made a profit. I feel bad for the guy that got his truck
You’re going to see a lot more people with this type of scenario.
I’m in valet I see it everyday most people should not be driving the cars they have lol
72 grand for a Kia??? There's one born every minute. The dealership saw him coming.
It took me years to learn but every single time I made a financial decision against my wife’s opinion, it was a bad call. Never make decisions without your wife’s agreement.
The issue is that its only one income in the home. The wife needs to contribute also. Imagine making 90k a year and can't get anything you want. If she wants to be involved in financial decisions then get up and help instead of complaining. Teamwork people
Depends on the mileage he's got on that car. Brand new they are in the 50s. His quote was probably accurate since he's had it a year. Used electric cars are generally worth a lot less than used gas vehicles, due to concerns about battery life and battery treatment by prior owners.
Seventy-two Thousand dollars, for a car! Yeah, it’s that dramatic! I had to spell it out. Lol 😂
Ramsey faces are priceless😂😂
Controversial opinion. Never get a loan with interest on a depreciating asset. I bought all my cars straight up. Who cares if my used car has more miles on it? it gives me from A to B and I’ll be able to retire quicker.
$72k for EV6...with a trade in???? This guy is saaaaad.
I've seen these car salesmen playing with peoples emotion and pushing them to get something they can't afford! They ask people how much can they pay a month and then double it and people still buy the car! It's pretty messed up!
The buyer are just as guilty.
@@jml9550 Yeah they're the suckers that feel they deserve the super fancy over priced car
Stupid people don’t want to know the total cost. They just want to know the payment. And that’s the angle dealers take with stupid people. “How much payment can you afford?” is the question they ask.
Why she's not working?
It could be mostly the Kia Telluride as the Ev9 is not in the showrooms yet. The high end
Model is around 57k, with taxes & mark up can go around 60k plus. With high interest rates even if you choose 72 months, payment could be 1000 dollars a month!!!
Is any car really worth paying this much for? No. You're not buying a car, you're pumping up your ego until it bursts.
I actually shopped them a few months ago. Dealers were indeed asking 70k+ for the high trim Tellurides that had the 57K MSRP you speak of. And they were proud of it. Hope they choke on them
There was a small period that the KIA EV6 was selling for $20k ABOVE STICKER!!!. This was the same time a Tesla Model Y was selling for $68K... TWO YEARS LATER... TESLA has lowered their price to $45k, THAT IS A $23K deduction in price. This has created a large group of UNHAPPY Tesla owners, at the same time it is the reason why I purchased my Tesla Model Y for $45K (becomes $39K after taxes, fees and discounts in MA)
Let us all remember.. the car main function is to take you from point A to point B. Get a nice used Japanese car between $5k-$10k and worry only about changing oil and filter every 5000 miles.
For you maybe that's the function.
Sorry Dave no one is going to buy a Kia for 50k. 😂😂
Except that woman's husband, he paid that and gave the dealership an extra $22k tip as well. LOL.