Dave Ramsey
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Appearances Over Time
Podcast Appearances
Let's pretend that when you get the early buyout on the lease, $1,250 a month for 36 months?
Okay, that's different information, hon.
Your insurance is a different thing, okay?
It's not your car payment.
Your insurance is not in your car payment.
You said you had a $1,250 car payment.
You have a $750 car payment.
Now, that makes the numbers better.
It makes them worse.
It makes me understand the numbers.
I didn't understand them at $1,250.
I couldn't figure out what Toyota had done to you.
All right, so anyway...
You find out what the early, if the car's worth $38,000, you find out what the early buyout is.
If I write you a check in full today, okay, then let's pretend that's $34,000.
You could simply go to the credit union and get a car loan for $34,000 and pay off the lease.
Then you would owe $34,000.