Caller (retired federal employee)
Retired federal employee calling the show to discuss a problematic lease for an HVAC system that carries a large remaining buyout balance and seeking advice on whether to pay it off or leave it until later.
Best podcasts with Caller (retired federal employee)
Ranked by the Snipd community
Nov 13, 2025 • 9min
I Owe $62,000 On A Leased HVAC System
A retired federal employee calls in to discuss his $62,000 HVAC lease, seeking advice on whether to pay it off now or later. Dave Ramsey emphasizes checking the lease for early buyout options and suggests saving for a discounted lump sum instead of making accelerated payments. He treats the lease debt like a mortgage lien in Baby Step 6 and critiques predatory leasing practices, especially how they exploit military families. The conversation reveals hidden high effective interest rates that make long-term leasing a costly decision.
