'Can I Get A Reliable Car For $5,000?' - Dave Ramsey Tells Caller She Can 'Absolutely' Find A Decent Car In This Price Range [Yahoo! Finance]
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Source: Yahoo! Finance
On a Facebook reel posted on April 13, Ramsey responded to a caller, who had $5,000 available to buy a car after assisting her parents. Initially, she inquired about car payments, but Ramsey stopped her, stating, “I know you didn't call Dave Ramsey and ask to go into car debt.” Her primary concern was the quality of a car she could find for $5,000. She asked, “Can I get a reliable car for $5,000?” Don't Miss: 82% of Americans aren't using this government secured 5% passive income stream , are you one of them? The average American couple has saved this much money for retirement — How do you compare He assured her, "Sure. Oh absolutely. Yeah, you can get a decent car for 5,000 bucks,” emphasizing the possibility of purchasing a reliable, short-term vehicle within her budget. Ramsey proposed a strategic plan for the caller to avoid car loans. He advised her to save the monthly car loan payment, approximately $500 per month, for 10 months, and use the $5,000 plus her current c
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