Yes, that’s precisely what the “dummy” post suggested. 

Found one.

I am double her age and income and wouldn’t really think of buying a new luxury anything. I have succumb to brand loyalty and will never not own a BMW though so I get that. But mine are older, paid off, and I work on them myself as a hobby. I also don’t wreck them lol

People who make $90k a year, don’t need to drop $72k on a “functioning car”. I have brand new car, $30k + TTL. You can buy a perfectly reasonable running used car for $5-10k.

I know people who have benefitted from Ramsey’s advice. Namely, do a real budget, account for every cent you have, reevaluate your priorities.

Your story perfectly describes the social aspect of why people get into debt above their means. 

If everyone followed that advice the car market would essentially collapse manufacturers would be forced to make affordable cars again.

Something buried in all of this is the implication that they have $0 in savings they could tap to pay down the loan; no investments, emergency funds, not even a retirement account that would take 10% penalty hit but only on profit and would probably be better than a bank loan... All of which is severely criminal…

There is no story where the car salesman is the good guy.

I think everyone can agree that you shouldn’t drive a car that cost 72k if it repreaents 80% of your  annual income unless you have the savings to pay cash if during the loan you need to.

I don’t agree with a lot of Dave Ramsey’s advice but you’re wrong here. They made stupid decisions and while $90k household income before taxes might be considered good money it’s not $1,200/month car payment money. They can’t afford to stick with it, which is why they called in the first place.

The Money Guy podcast regularly rips on Dave Ramsey. Ramsey often doesn’t know a lot about basic saving for retirement, much less about cars. So... you know.

I’m not necessarily shilling for the Money Guys, but they actually break stuff down things in simple ways so you can do the math yourself. Plus, they are a…

On the few times a year when I’m driving long distances through the hinterlands, I switch to AM for a few hours of listening to what a subset of the masses are talking about. Mark Levin (oof) and Dave Ramsey are usually entertaining for about 30 minutes until I have to switch to something else. Ramsey is not…

Ramsay makes some valid points: lots of people borrow way too much at ridiculous interest rates to buy vehicles they don’t need. His solutions are extreme to the point of insanity however. He tells people only millionaires should even consider buying a new car. If everyone followed that advice the car market would…

I agree with you on this, but 15's can make sense depending on the time. We had a 30 year in 2016 or 15 when we bought, then in ‘20 refi’d to a 15 with a lower rate and a touch smaller monthly. Now we only have 9 years left or less.

all you have to do is spend less and make more! It’s as simple as that!

That fluff piece he did on the cyberclunk was a real turning point for me on Cammisa.

So, I guess Lexy Thomas just learned what those mystery charges on her husband’s credit card are for.

It’s not the same at all.  A private school is just that; private.  The state limiting access to abortions, or “don’t say gay” is all the government encroaching on the rights of citizens.  They are not remotely the same at all.

Um, the answer is get a Subaru Crosstrek or Impreza. You people all need to stop with your “you don’t need AWD” schtick. AWD + Snow tires is about as big of a jump up from 2WD + Snow tires as 2WD + Snow Tires is from 2WD + All Seasons. (See Jason Fenske’s or Jonathan Benson’s videos for proof). So dissuading from AWD…