How To Make A Smart Car Purchase

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Title	:	How To Make A Smart Car Purchase
Lasting	:	4.50
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Views	:	1,4 jt

$7k for a quality used car? Times have changed since this was recorded
Comment from : @en1440

Can tell bro's not enjoyed the howl of a V12
Comment from : @ruthun

This isn't true in 2025 lol
Comment from : @Jev55

Car buying 5 yrs old car or suv with 60k miles is only Worth $12k to 16k not 20k Many fake prices means cars sitting in lots for months
Comment from : @ceylontea5877

This guy doesn’t know anything about cars 🤣
Comment from : @mannygonzalez4178

I’d like to see what Dave is driving
Comment from : @bnelski0257

I don't think that math is right 500 a month for 40 years turning into 4 million Youd have to get an above market return
Comment from : @SinCityGT3

Just as millionaires didn’t get rich using credit card points, they also don’t get rich saving $200 in car payments
Comment from : @markwaldrop8506

I pre ordered a car in 2022, and it arrive in 2025, 3 years of waiting, it is already good that i didnt pay more than MSRP, just the interest rate is a bit higher and i had to sell off my old car to the dealership
Comment from : @WYLNXCA

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @caseycantrell-gh6fg

Buy A jeep, the most reliable car
Comment from : @TiozaoDoZap

I just listened to someone tell me last month how a new honda civic was an investmentreally want to send them this
Comment from : @windsorhanish1771

🚘👈💏💏💏💏📞📞
Comment from : @HasanRifino

Wtf was that math at the beginning? To have $5mil from a $504 montly contribution you'd need to be getting a 12 growth on your investments yearly, ON AVERAGE Garbage
Comment from : @danjw1394

ill save u some research buy a used lexus the best one you can afford 5yrs-7 old if u cant afford a lexus buy toyotado not buy a luxury german brand
Comment from : @alanjohnson5906

that’s easy pay cash, buy old stuff 10 years or older
Comment from : @topofthegreen

Hi im 37 never had a car im sporty i like to walk and run Should i buy a car? My driver license expired in june My dad never had a car too so im never was in a car culture Or just buy a bicycle I want to bring something new in my life Happy New Year!!!
Comment from : @skyhighnightlight

I gotta buy a car soon My car got totaled and I'm getting a check from progressive on Monday for the title
Comment from : @dagonkatz9689

I was lucky enough to have gotten a luxury car as my first car My absolute dream car except for a 1966 lincoln continental not only did i get a luxury car but i got the BEST first car ever A 2003 lincoln town car 126k miles for $2,100 I'll never ever drive an economy car life is too short to drive shitty cars But I wont drive an unreliable car either (unless i have an extra car that ik will always be relible ie a lincoln town car) oh also my town car has 202k miles now and i'll have had for 5 years on feb 26th 2025
Comment from : @alekskensington5494

Lmao
Comment from : @joshuacortes2414

Me watching this before buying a BMW and knowing I will ignore Daves advice
Comment from : @MG_Investing

“$7k to $10k on the table” wtf unless you are buying a go-kart, $10k will not get you a useable family car even if it’s 10 years old
Comment from : @ThatsMe-s6g

Buy a new civic type R, easy peasy
Comment from : @duck8280

Sure that car might make you broke, but you’ll good, thereby increasing your chances of marrying into money Boom
Comment from : @josiahdemarzo4541

since inflation especially in the UK, monthly car payments or should i say finance has almost doubled its crazy I remember brand new HP cars with about £150-£200 that was about average, now its around £300 to £400 easy on everything from high end vehicles to low cars with finance
Comment from : @Galacticmaster

We studied 10,000 millionaires and now were giving advice to people with probably less than £1k in there accounts
Comment from : @chrishart8548

What about deals with zero interest for 60 months or whatever
Comment from : @anilamathews1114

Stop worrying about quality:br-Buy a new car, Trade it in when you need new tires (50,000 to 65,000 miles) (savings of 5,000$ in repair costs on a vehicle that still has value for a good trade in price, as well as tax savings on the next new purchase because the car has trade in value)br-Repairing at 50,000 mile mark 4 years, is a 5,000$ bill at 100,000 miles 8 years is a 10,000$ bill br-Holding on to the cash for 15,000$ in your pocket, plus tax savings of 2,000$, helps you in a time of economic growthbr-Not a single car that i have driven is sound after 150,000 miles - If its drivable is either highway miles or its being run down to nothing and when it stops gets parked in a scrap yardbr-Let the dealership absorb the cost of repairs so its done at a lower cost to the community, gives people jobs, and gets the appropriate time in the dealershipbrbrStop trying to pay your debts off and just make payments Leverage for the most capability you can Paying all your debts off is not managing money
Comment from : @CRITESBIKER

This is great!brbrNow there should be another video that addresses the single parents that are too terrified of burned again, and too sick and tired of being sick and tired, to risk being scammed into another rusty car of lies that could get worse than the 9mpg in the subcompact that they already took food off their table to commit tobrbrMy mother and I always knew we were fortunate to not have a car, at least until the rainy pneumonia season came along, which still took a scary toll despite us not even having been homeless anymore, with her antiquated Oxford freaking a levels and resume in tow brbrTell me again about "money"
Comment from : @JoshuaDarius-bm7nc

✨✨
Comment from : @eszu_0

Vehicle quality? Not anymore
Comment from : @MA-rc2eo

The reliable used cars today are almost as much as the newer model cars Look at cars you can get 200-300k miles out of and they’re $25k for ones with 100k miles on them Plus you still have to dump money into most key components to get that many miles out of them
Comment from : @Piccolo_Re

What if the car is 22,000 And u put 7,000 down with a 750 credit score? And I make full payments 1000 a month for 5 months
Comment from : @raqO1111

They arnt millionaires because they don’t have car payments They don’t have car payments because they are a millionaire…dimwit
Comment from : @Crabfat809

My company car costs me €2,50 a month to use for all the private trips Cheapest car I’ve ever driven…oh no wait, my previous car made me €200,- a month
Comment from : @oalegek

75 with 5 Million $ 😂 yea your gonna be crippled or health ridden with a lot of money
Comment from : @juniorbeastyt

Please direct me to a 4 year old car for its 30-40 of original price I’ll take it any day
Comment from : @4rek

Don't tell them you're paying cash
Comment from : @HaughtKarl-jx9vr

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @lennoxmutterick6434

I rather save 15k and take the hit by paying for it in cash for a decent modern car rather than financing 15k for the car
Comment from : @nelsonaguirres8284

This is such bs Many people have accidents with their cars and don’t report them Used car trade in America is scam paradise Some of us are blessed with financing because even saving a couple thousand dollars is impossible in this economy Get off your high horse
Comment from : @SEdin-bk2us

First thing, don’t buy any car with smart in the name
Comment from : @jamespn

Awesome video Great advice Makes so much sense but it’s great advice and really simplifies the different options for me
Comment from : @richrise4065

I love Dave overall! 2 things I dislike #1, When he gives his opinion on what's "not alot of money" Several thousand dollars is alot of money to regular people 😇 #2 He talks over his co-hosts too often!
Comment from : @EGfocus33

I bought a new car and if you never sell it you actually lose nothing :)
Comment from : @Boog8

Yea 5mil if you make it to 70
Comment from : @bdm3052

I’d argue that you don’t need to be a millionaire to be able to afford the “loss” The loss in value is all superficial
Comment from : @DanielDuhon

Yeah, keep your car as long as possible
Comment from : @hockeymom2592

Hi from Australa The trend in my area, especially by mechanics and panelbeaters, is to look for a 10 yr old dual cab in vg condition for around 8k If the engine die's it is only another 8k for a new engine You still have a used/new (engine) dual cab for 16k instead of paying 70k for a new one or 40k for a 4yr old, used one Budget for a new engine in advance Even buy a newish car with an already broken moter and drop a new engine in it SPEND A PENNY TO SAVE A POUND INSTEAD OF SPENDING A POUND TO SAVE A PENNY
Comment from : @joegoedhart1259

нахер покупать машину из под кого то, особенно зная как ездят другие Лучше купить один раз на 10/12 лет, а не думать каждое утро, заведется она или нет или была ли она бита
Comment from : @paxancik

" I deserve this car "
Comment from : @pingouin125

Only purchase a brand new car from a dealer's lot if you have over $25M invested and can pay for it in cash Maintain and drive it for at least 15 years while diligently saving up for your next new cash vehicle, and you should end up okay at the end
Comment from : @situated4

That’s why I buy Tesla, no negotiation just buy it
Comment from : @Pq6274

USAA will tell you they gave you the minimum, charge you full coverage on a 2007 ford focus avoid USAA No vets work at USAA veterans wouldn't do this
Comment from : @ScottMartain

I drive a 2007 Camry Never had a car payment in my life I’m 28
Comment from : @charlesgeorge7414

whats the point of having 5 mil at 70
Comment from : @isaquecouto9713

HAPPINESS is having no car payments I probably will NEVER want to have payments again Just stick with older cars
Comment from : @fueledbymusic3

When you watch Ramsey videos, just wait for him to sell you something Ramsey is just a car salesman just trying to sell you
Comment from : @sergiocornejo4763

Ha 😂 brI’m millionaire and my daily driver is a 1997 Chevy Tahoe with 260,000 miles on itbrIn fact I’m sitting in it right now as I listen to this podcast 👍
Comment from : @pathslesstrampled9906

Don’t buy a cvt transmission
Comment from : @jcmtaz4

The average millionaire is very old
Comment from : @119Agent

No fence, but you should stick to economics and not comment about cars if you think modern cars are reliable And no, maintaining them well does not make them reliable, only slightly less unreliable Troubles with modern cars, well maintained ones, typically start to appear at about 70k miles now Just the fact that cars come with "life time gearbox oil", "life time lasting rubber belt" or recommend oil changes only every two years or 20K miles tells a lot brbrQuality of cars is actually so poor now, that there are hardly any reliable vehicles at any price point Honda, Toyota and Mazda are fairly good, but that is it I would not buy any American or European or Korean or Chinese car There might be an individual model here or there, that is less terrible, but the whole car industry these days is there just to rob youbrbrModern cars are designed to break down soon and to add to insult towards customers, pricing of spare parts is absolutely horrendous Windshield wipers do not work? 1500 dollars Headlight broken? 3000-7000 dollars Gear box 5000-7000 dollars Battery pack for a 40000 dollar eV, >40000 dollars
Comment from : @TechTusiast

Buy a 94 celica
Comment from : @SKIDMARKBROWN

5M by age of 70… fuck that I’d rather drive BMW in my 20s and 30s By the age of 70 fine, I’m happy with 2M
Comment from : @sulaimansafi5457

A $50,000 car & a $10,000 will both get you to workbrThe $50,000 car will keep you there
Comment from : @jackfenton2271

The saying goes “I’m not rich enough to buy cheap things” That $3000 car is going to cost you way more Not too mention the stress that can be even worse My first car ever, 24 years ago, costed me $400 It lasted exactly 2 weeks Next one $250, lasted about 3 months A 4 year old car is going to last… 4 years less It’s more about buying the car you need not the one you want At one point I almost bought a 5 year old Cadillac CTS with 70000 miles I really wanted it But for the same price I got a 3 year old Camry with 19000 miles which lasted me a lot longer than the CTS would have So buy a new car if you can but don’t buy a BMW if a Hyundai will do and don’t trade it in in 5 years if it works fine
Comment from : @tonyad95

If you don’t like the price of the vehicle the door is open for you to leave It doesn’t hurt the dealer Dealer know there next guy ready to meet the dealer price At some point you have to give in You the consumer are going to the dealer not the other way around
Comment from : @klohr311

This is for people who are successful The average joe would never have anything unless they finance things
Comment from : @begrateful8934

currently saving up to buy a 5-8k used car 10k max i watch this video so i don’t cave in to use the money to finance lol holding myself accountable
Comment from : @aignefrench3472

Lol this guy get in the real world The person in middle wages can never pay cash for vehicle I bet 80 percent of people have loans Get real!!
Comment from : @michaeljorris6205

Or you could write books about religion and invest in the banking industry like Dave Ramsey did to make his million dollars Lol
Comment from : @travelinman482

If enough people take Dave's advice and only buy used, the prices for used will eventually be the same as a new one It's close to that already for certain makes/models Go price a used Toyota Rav4 or Corolla these days and compare it to a new one You have to do your research It's not always smart to buy used It depends on the make/model
Comment from : @leonardyoung6821

Cash is the best way to go
Comment from : @joshmartin1931

I only have 3 payments left on mine driving a 2018 ford focus I don’t think I will ever do this again
Comment from : @joshmartin1931

Amen Dave, I should have started listening to you a LONG time ago About this subject and quite a few others too
Comment from : @KingDavidinPhoenix

What is the Millionaire definition? If you bought a house in 2018 in my neighborhood, you now have over 1mil in home equity Does that count? I would say no, you must have 1mil in cash/savings or stocks
Comment from : @brianfiske9611

If you wanna see a pretty runner, watch the higlights of Shaun Johnson
Comment from : @jerryrascal

As someone who loves cars thiers jo way im waiting till im a millliinare to get a new car i understand its bad investment but its also an investment in soemthing thay bring me joy anf isba hobby
Comment from : @RonRon0110

Bought my 2004 toyota camry xle v6 for $3000 off my neighbor in 2015 sweatheart deal and she’s still running strong!
Comment from : @ListingLore

Why does Dave look so unhealthy?
Comment from : @BirdDogey1

"Tell your folks to get a new car, and take the it one"
Comment from : @10YearOldTom

382k on my '99 Toyota Bought it with around 50k No car payment for the last 15 years And still driving it every day (going to do about 600 miles tomorrow for work) Get an expense check every month for it My neighbor asked "why don't you buy a new car?" I said "because my house will be paid off before your pickup is" I have about a year or so left
Comment from : @sidefx996

Is it the became a millionaire becuase they don’t make car payments Or they don’t make car payments because they are millionaires and can easily buy cars outright Did the survey address that, or is it just speculation?
Comment from : @jackbrennan592

He gave the best car buying advice that you’ll ever hear 100 wise words
Comment from : @1874rb

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government This includes exploring opportunities in stocks, gold, silver, and digital currencies Despite the challenging economic situation, it remains a favorable time to consider these investments
Comment from : @RolandeKretzschmar5