📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱Finish today's episode for free in the Ramsey Network app. Rachel Cruze & George Kamel answer your questions and discuss: "Should I sell my car to get out from under the payment I can't afford?" "How do I get out from under medical, credit card and personal loan debt?" "We are being told not to pay for a house in cash," "Is opening a 0% interest credit card ever a good idea?" "My husband refuses to plan for retirement. How do I get him on board with a plan?" "I'm currently $234,000 in debt. Should I stop going on family vacations?" Next Steps: 💪🏻 Take George's Side Hustle Quiz ✅ Help us make the show better by taking this short survey! 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or send us an email. 💵 Start your free budget today. Download the EveryDollar app! 🎟️ Dave Ramsey and John Delony are going on tour this month! Get tickets today 🏘️ Find a Ramsey Trusted Real Estate Agent Connect with our Sponsors: 🛒 Stop paying more and start shopping smarter at Aldi 🌱 Get 10% off your first month of BetterHelp 📱Go to Boost Mobile to switch today! 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY ⛨ Find top Health Insurance Plans at Health Trust Financial 💸 To find out more about student loan refinancing, check out Laurel Road 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Explore more from Ramsey Network: 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices
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From the Ramsey Network, this is The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I'm George Campbell, joined by number one bestselling author Rachel Cruz, who's also my co-host on Smart Money Happy Hour, another show on Ramsey Network, and we're taking your calls at 888-825-5225. Amanda's going to kick us off in Tampa, Florida.
Amanda, welcome to the show.
Hey, good afternoon.
Good afternoon to you. How can we help today?
Okay, so I have one of them huge car payments. It's about $900 a month. I owe $34,000 on it. It is a 2022 BMW. So my question is... It's only valued at $34,000. The auto trader value is $25,000. I would get about $2,000 back in warranties if I sold it back to the BMW dealer. I have $10,000 in my savings account. So my question is, should I get rid of the car?
Because it's kind of hurting us financially paying a car payment that high.
Yeah, for sure. I mean, $900, that'd be nice to have, right? Versus it going to a car payment. Okay, so you said it's valued at, I think you said it's valued at $34,000, but then you looked on AutoTrader and it's at $25,000.
Yes. So I owed $34,000. Oh, okay. I'm sorry. I got you. Sorry. I owe $34,000. It's valued at $25,000. Is that like trade-in? Have you? Yes.
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