Navigating Car Costs and Generosity

This chapter addresses a listener's dilemma about giving away their car amid unexpected repair costs just before an expanding family. The discussion explores the emotional and financial ramifications of vehicle gifting, dealership profit tactics, and the challenges of modern car ownership.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

📈 ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠ 📱 Watch the full episode for free in the Ramsey Network app.

Dave Ramsey and Dr. John Deloney answer your questions and discuss:

"How do I protect myself and my children financially while going through a divorce?"
"Should we buy an investment property with my daughter's settlement money?"
"Am I being selfish if I don't pay for activities for my family at a destination wedding?"
"How do I convince my husband that work isn’t the only thing that matters?"
"My parents did not prepare for retirement, how do I help them?"
"My husband hid debt from me and now he wants to get a debt consolidation loan. Is this a good idea?"
"We committed to giving away a car, but it now needs expensive repairs. What should we do?"
"We have $200,000 in debt, should we sell our home to pay down our debt?"

Next Steps:

✅ ⁠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.⁠ 🎟️ ⁠⁠Dave Ramsey and John Delony are going on tour this month! Get tickets today⁠ 💰 Hurry—Your chance to win $5k is almost over! Enter the Ramsey Cash Giveaway today!

💵 ⁠⁠⁠Sign up for a free training with our EveryDollar team!

Connect with our Sponsors: