This is a great plan if buying new. That’s one of the main issues with car affordability right now: all the manufacturers are building premium/limited trims with their reduced inventory to make the most buck possible off folks.

“he is now wealthy, so I am sure he doesn’t buy used cars anymore”

The price needs to be negotiated first outside of any discussion on financing vs. cash. If they don’t want to do that, then tell them to stuff it and find another dealer. 

Correct, but people need to have a better handle on what is “within” their budget. Spending 20% of your take home pay on just the car payment, without including insurance or gas or maintenance... is stupid. And that’s what people are doing these days, even with 72 and 84 month installment lengths. Wild. 

and I just looked to see where you got this 60% statistic, and the article that it pulled up referenced this: “Many experts point to a phenomenon called lifestyle inflation...”  So, yes... the point indeed. 

Tons of people swap vehicles constantly, either through leases or through rolling equity from one car to another, ensuring they always will be having a payment. You must hang out in different crowds to the people I have around me.

Yes, you can track all your accounts, investments, and tag all your transactions to keep track of monthly expenditures in different categories to help you budget. The tool is more set up for investments and strategy than Mint was, but Mint is gone and Credit Karma is an ad-infested dump of a platform trying to sell…

60% of us live paycheck to paycheck...

I used to stuff envelopes in the house to budget. 15 years ago. Now I just keep track of spending on Empower.

YEEEEEEEEEEEESSSSSS.

He could also... (gasp)... live with other people that didn’t birth him.

Same... double age and 3x her income, I drive a 12 year Volvo that I work on and toy with. I can’t even imagine doing anything like her nonsense.

Where he goes off the rails with his mostly sound advice (because, much if it is not sound) is when he verbally assaults people and diminishes them for their decisions. The answer is never “you are an idiot, and a fool, do this...,” it’s “this is a bad situation, and I feel for you, but this is something you are going…

Not a full segment on him, but he blasted him for his work with Timeshare Exit Team on this one. 

The best thing to do with Ramsey is read the baby steps, take it to heart and work toward them, and then never come back. Best thing a person can do.

I always pay cash for cars. But then again, I’m not buying $40, 50... 72K cars. I also have no mortgage... fully paid home.

“500k is high net worth now?”

Or cars could actually be something people afford comfortably again when manufacturers realize they’re pricing themselves out of the market’s needs.

To be fair, if you did look into it, he gave them the kit for free. It cost nothing to participate once you have the kit. (I did the FPU kit way back in the day). 

Yeah, lets recommend a secondhand WRX that has an FMIC, large (loud) exhaust, and which was likely tuned to an inch of its life with a crappy off the shelf tune from Cobb.