Dave Ramsey
👤 SpeakerAppearances Over Time
Podcast Appearances
What do you make?
Okay.
How quick can you pay the truck off?
So you can pay it off in like six months?
I would pay it off.
On trading it in or— You don't have equity because whatever you drive, you're destroying its value.
You've expedited the depreciation, so you're way underwater.
Yeah, you're going to—you really have—whatever you drive, you're destroying it, and that's a cost of doing business.
So you want to destroy the least expensive thing that will get the job done.
Now, get the job done means you live in it.
It's got to have some comfort.
And get the job done means to be reliable.
But other than that, you don't need a truck.
I mean, you don't need to spend money on it.
All you need is reliable and comfortable.
That's it.
You don't need to be impressive.
If you buy a $100,000 truck, you're going to destroy it.
If you buy a $30,000 truck, you're going to destroy it.
If you buy a $20,000 truck, you're going to destroy it.