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Dave Ramsey warns car debt will ‘suck the bone marrow out of your money’ as 1 in 5 new-car buyers now pays over $1,000 a month
In the second quarter of 2026, 20.3% of financed new-vehicle purchases carried a monthly payment of $1,000 or more, according ...
To Ramsey, a car loan isn’t just a necessity of modern life — it’s a financial trap that will keep you snared in debt. And ...
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She thought she was making a straightforward financial move. Her troublesome car still had about $27,000 owed on it, so she ...
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Cars are a necessary expense for many people, so it makes sense that the make and model of the vehicle someone chooses to own would be a good indication of their financial acumen. Personal finance ...
Ramsey advised Angel to sell her $22,000 car, worth only $17,000, and use her $7,000 savings to clear the loan and buy a cheaper vehicle. Choosing the $840/month daycare over the $2,000 option saves ...
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