New Car today

[tripods68]

Just dropped $18,230 CASH (tax included) on a brand new Sentra SV 2016 today. Just like that👌

Net Cost after rebates $16,495.00

Got a total discount off close to 3k both manufacturer and the dealer.


Thanks Dave Ramsey!

[TexasHusker]

Is Dave Ramsey a Nissan endorser ? 🏆

[tripods68]

Is Dave Ramsey a Nissan endorser ? 🏆

Just giving up props! It was just an easy decision to make when u don't have to finance anything :-)

[TexasHusker]

The only step you missed is that you should have tried to win a new car on The Price is Right first. I see Sentras on there all the time and they are free.

[Jluke]

I am going to sound like a jerk but I think Dave failed here.

Where I live I can get 0% financing on a Nissan Sentra.

While Dave got you where you are today (a terrific financial position that I will never achieve) if you cross over to the Bogleheads way I bet they would have told you to take the 0% loan and Invest some of that money instead.

Just sharing this perspective for other readers on here. I know tripods is a diehard Dave fan so paying in cash makes complete sense for their financial lifestyle.

[GoodSteward]

I am going to sound like a jerk but I think Dave failed here.

Where I live I can get 0% financing on a Nissan Sentra.

While Dave got you where you are today (a terrific financial position that I will never achieve) if you cross over to the Bogleheads way I bet they would have told you to take the 0% loan and Invest some of that money instead.

Just sharing this perspective for other readers on here. I know tripods is a diehard Dave fan so paying in cash makes complete sense for their financial lifestyle.

Just depends on your goals, and your luck. For one, 0% on a car isn't really 0% because they charge financing fee's. Might not be much, but it isn't free to finance. The bank isn't going to give money away for nothing.

Also, investing against a loan isn't a 100% win unless you win. YOu can also lose by investing at the wrong time or wrong place, which you won't really know for sure until you are into it. You also would have debt looming over your head and a payment to remember to make. Forget that thing just once and your credit takes a hit.

Just some thoughts on it. Like I said just depends on your goals. Someone else put it about right. For most of us you are always either paying for a car, or saving for a car. lol

[disneysteve]

Congrats on the car! Enjoy it.

Doesn't Dave Ramey also say not to buy a brand new car unless you're a millionaire?

http://www.daveramsey.com/blog/saying-no-to-new-cars

I don't know if you are or not but I know I've heard him say that many times.

[GoodSteward]

Congrats on the car! Enjoy it.

Doesn't Dave Ramey also say not to buy a brand new car unless you're a millionaire?

http://www.daveramsey.com/blog/saying-no-to-new-cars

I don't know if you are or not but I know I've heard him say that many times.

That's right.

[tripods68]

Congrats on the car! Enjoy it.

Doesn't Dave Ramey also say not to buy a brand new car unless you're a millionaire?

http://www.daveramsey.com/blog/saying-no-to-new-cars

I don't know if you are or not but I know I've heard him say that many times.

I've heard him say that.

I also heard him say, If you have 6 months of EF outside your car fund as long you can afford to pay cash and debt except mortgage. But then he also have a rule where the value of your car cannot be more than 50% of your household take home pay. If we add our total car value is about $24K, but our take home is over 120K+, no where near the 50% of take home pay. I guess we meet are 2 out of 3. That's close enough

[tripods68]

I am going to sound like a jerk but I think Dave failed here.

I ask myself, what would I do if I have $100K sitting in a bank with 6 months of EF. Would I borrow money to buy a car? My answer: NO WAY!



It was an easy decision to make...BTW you are not a jerk for bringing that up

[Joan.of.the.Arch]

Enjoy the wheels! And before it gets to rickety and squeaky, put it out on the market again for me to buy, second hand.

But, uht-oh, was this a Freudian slip of some sort? "I guess we meet are 2 out of 3. That's lose enough."

[Matan526]

Congrats on the car

[bjl584]

congrats.

sounds like you made a sound financial decision.

[disneysteve]

I've heard him say that.

I also heard him say, If you have 6 months of EF outside your car fund as long you can afford to pay cash and debt except mortgage. But then he also have a rule where the value of your car cannot be more than 50% of your household take home pay. If we add our total car value is about $24K, but our take home is over 120K+, no where near the 50% of take home pay. I guess we meet are 2 out of 3. That's close enough

Just to be clear, I'm not a huge DR fan. I think a lot of his teachings are spot on and help thousands of people but I also think he goes overboard and off the rails in a few spots.

I also think there is a huge difference between buying an 18K new car and buying a much more expensive car. We live near a Land Rover dealer. Just last night, we passed the lot on the way to dinner and I noticed the big red "sale" tags on the cars. The one that caught my eye was "only" $47,300. What a bargain! Now if you came here posting that you bought one of those, I'm sure you'd get a lot more flack than buying a car for 18K. Heck, I bought my car used and paid about the same as you paid for your brand new car. Mine was 16K plus taxes and stuff and it was 6 years old.

[LivingAlmostLarge]

Is that an electric car? Congratulations.