One parent’s leaving for an errand and the other is staying home with the kids.

My 2011 3-series is still worth $25K+, so no, it won’t be totaled by an engine failure. And being an N52 with a stick, the chances of catastrophic failures is really, really low to start with. TODAY, there are infinitely more indy shops who will fix an ICE BMW far more reasonably than the dealer will than there are…

“Did you seriously copy-paste a Google “people also ask”?”

The demand is already there. People with early 2010s EVs (Smart Fortwo, Nissan Leaf, Fiat 500e, Th!nk City, etc) are already encountering expensive failures from their motors and batteries. However, not a single aftermarket manufacturer sells generic powertrain parts for those vehicles.

You can get a whole LS motor for $2K. You can go to the junk yard and build your own engine for under $1000. If you have a couple friends or have the knowledge, you can replace everything yourself. A prius is also a Hybrid so it’s battery is much smaller, that’s a terrible example.

Where are those generic motors and battery swaps?

Have you priced any EV batteries? Most are still extremely expensive, so this take is currently valid. If US based battery plants come online this may change, but currently EVs are not cheaper to maintain.

I think that $25k might be very generous. He paid $32k for an SUV at the same dealership that obviously raw dogged him on that Kia.

The most likely scenario is the caller didn’t get the whole story from her embarrassed husband.

Whether or not Ramsey’s advice is without any merit at all depends on the interest rate on…

Yeah I loved when he started positioning his 23 year old daughter as a life, parenthood, and marriage expert.

blocked on my youtube, can’t stand that guy

His popularity is from people who are doing better than others to listen to how bad they have it.

not a fan.    He’s kind of over the top for me.   About a few minutes of good content for every 10 minutes of showmanship.  

More accurately, it costs the people who pay cash or don’t have cards with rewards programs. Being poor is expensive!

Dave Ramsey caters to financial smooth brains, and with more than a hint of Prosperity Gospel and “Christian” principles in finance and money management. He’s like a full Bingo card of rube grifting.

“…attend his Financial Peace University”

So the callers are paying $1,200 a month for an EV that they owe $62,000 on. To me, that’s dumb. But, is the EV under warranty, making maintenance inexpensive? Is it running properly? Does it meet their transportation needs? Can they charge at home and save money on gas? Can they afford the payment even though they…

Or the wife could get a job instead of, I dunno, calling into a radio/podcast show and painting her bread-winning hubby as a chump.

Second, she says he purchased the EV6 for $72,000. EV6 pricing doesn’t reach that high, which also tells us that the dealer screwed him on the purchase and likely marked it up, especially given the timeframe that he purchased it in.

“If dealers aren’t willing to give them more than $40,000, where exactly does Ramsey think a buyer will come from that will give them $10,000 over what’s presumably the market value”

that is literally his advice, were we in class together? lol