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hey man, just disable these comments. youtube isn’t doing anything about them anytime soon and you have a very impressionable audience, hence why these comments are here in the hundreds of thousands.
These comments are awful graham 😞
im on that 40% stay at home rule with my m3 xdrive lmfao
at 3:38, “off” is misspelled. Thanks for the quality content, as always!
According to Mr razzle dazzle it’s best to pay cash for a car.
I pay cash period.
200,000 and only 40,000 damn that’s like a Camry 😅 seems kinda sad tbh but oh well
Just buy a Toyota and drive it till you’re dead. If the car’s still running by then, pass it on to your children.
Clicked on this video thinking how many Toyota comments I could find.
I became a digital nomad and live out of airbnbs in foreign countries. I spend ~$1000-1800/mo on Airbnb and ~$60/mo on Uber in South America and Middle East. No car bill, no car insurance, no house insurance, no electricity bill, no gas bill, no water bill, no internet bill, no gasoline expense. I’m saving thousands. Plus I save ~$50,000 on taxes, too…
Nice try Graham, no one is yours Nancy Pelosi can afford to pay tax and owe on car, full of batteries made in Africa.
What about paying cash for a vehicle?
I previously followed the Ramsey approach. The last few cars cost 3k with higher mileage but were constantly breaking down and costly to fix.
This time I used 3k as a down payment on a 12k car that runs perfectly with low mileage. Cleared the loan in 12 months with overpayments. 100% the best decision for me
Why pay cash for the car when you can borrow at 5-6% (or GMC .09% currently) You can use that money for an investment and get a higher return % than you borrowed at? . Maybe even have the investment make the payment
I bought a 1200 really used pontiac that needed little maintenance and has a good mpg
The used market is really underrated
I felt frugal following the 20/4/10 rule. Now there’s a 20/3/8 rule 😢
Ive been driving a 08 ImpalaSS since 2013. I went and bought a 10 camaro a few months ago and remembered i don’t like bills. I took the car back i lost my downpayment but saved on 6k intrest and a 430$ monthly payment and 180$ for insurance. Ill ride good on the LLC’s dime not mine.
How does one go about calculating that 3rd metric of transportation cost? I know you ran through a scenario, but is there a typical % of total car cost to expect with that?
Rule number 1: A car is something that helps you go from one place to another. Your first car should be reliable, easy to be fixed, easy to find parts, and easy to do maintenance. If you have money to buy a second car, then you can do whatever you want.
Every single person I know makes about the same as me some a little more. I make $800 per months working 48 hours per week. I must walk to any job I work and I’ve worked at every business in walking distance trying to make more money so I can afford a car with no luck. In the last 12 years the most I’ve made per month is $1,200. Every video I watch of yours to me is just giving advice to the people who are already wealthy. Why not make a video on the people who are not wealthy on people who make under $12,000 a year. Because believe it or not there are a lot of us and it’s not because of laziness or unwillingness to make money.
so I need to make 300k to buy a sports car nice. I love it!
Best car video ever! Keep posting car my dude and I’ll keep watching your vidoes
So the take away is unless you earn 300k+, you aint buying a new car
Bro living in 2019.
Pls reply if you’re interested in a Southwest Credit Card. Fiancé and I just one referral away from our honeymoon so it would be greatly appreciated
What’s up graham it’s guys here 😂
I have never owned a new car in my whole life, always owned used. My corrent car is a Ford Focus 2010 nicest car I ever had and I will be sad when it goes.
That being said I have been putting money aside every year to buy a nice new all purpose vehicle.
While cars are definitely a bad “investment” they are just something that is needed in the US to get around and you can’t really work without one for most jobs.
I’m looking at getting a truck personally because it sucks to have to pay someone to help me bring stuff home to my house and a truck would also do better in the winter with all wheel drive and such. There are some safety features I want like a rear view cam, as well as the blind spots sensors. So when I buy a vehicle I will be looking for something from atleast 2019 onwards
That Intro…. What’s up Graham its guys here 😄
I’d pay anything if it gets me the chicks
This video is so disconnected from reality and focuses only the highlighted facts that make their points sound better but do not focus for bring up any opposing sides.
Our Tesla is 0.083% of our take home, powered by our solar, so we are not excessive I guess.
Love u graham
Graham, I’m suprised you’re not providing ebikes or transit as an option! Especially to people that commute <5mi a day
I think your depreciation schedule is a pre-covid relic. If I could find a 5 year old diesel one ton (for my farm) for ~45% of its new value I’d buy one this week.
The car you can afford is the car you don’t have to finance
“What’s up Gram, it’s guys here” 😂
I haven’t made a car payment since 2007. I’m going to have to agree with Dave R. on this one. Paying cash for used cars and driving them into the dirt for 10-20 years has given me the ability to invest in other opertunities. Even with the cost of repairs and maintenance its far less then I’d pay over time with a new car + insurance etc.
my family hold Mr. Steve Banks in high esteem because of the $ 21,000 weekly profit we’re receiving trading with his strategies
wow!! I thought I was the only beneficiary of Mr. Stephen Banks trading services. His techniques and strategies are the best
Good luck trying to find a car for less than 10k that ain’t falling apart. Car prices are still marked up just like housing
wow!! I thought I was the only beneficiary of Mr. Stephen Banks trading services. His techniques and strategies are the best
I also invest with Mr. Banks and I get $10,000 monthly
Well that sure puts the “brakes” on EV’s
This is tough in detroit when plpd (minimum no coverage insurance that is required to drive on the roads) on a 1000 car is $286 per month
Love the money Guys! Glad they’re getting some recognition
I love this format Stephen!!
My first Tesla fell into that 20/3/8 but I sold it after a year for more than I bought it for (dumb luck). My second one is more into that 20/4/10 but I needed a third row. Honestly the cost per mile with electricity vs what I was paying for gas in the 13mpg sequoia it replaced is insane. It cost $80 per 300 miles for gas in the sequoia and that 300 miles is less than $8 on the tesla. Some of these “rules” are more guidelines and he is right you really need to look at the total cost of ownership not just loan payment.
Great video!!!
Why not pay cash up front?
Would the rule be the same for a truck? One that would be used as a daily and for work?
Gear heads usual pay less across the board.
A “car guy” doesn’t worry about mall the,points you raise. A Car Guy wants a given car, and makes all the necessary financial moves to afford it and keep it. Never goes into debt he can’t handle. When I fought my new 1986 Corvette.
Thanks for this video Graham you the man!
up to 72 months? lol tell that to Navy Fed w/ their 96mo terms SSSHHHHEEEESSSSSHHHH
“What’s up Graham, it’s guys here”
If you have a 2% interest rate on your car loan it’s not so bad lol.
So those of us living in poverty, will never afford a vehicle. Ever. ????
You know the economy is doing better when finance Youtubers stop putting out doom videos
My payment is 0 dollars a month with 60 dollars a month insurance, my dream car is a tacoma trd pro but that will have to wait until after I get my next property
The keyword I noted was “reliable.” Saving longer to put down more on a reliable car is worth it as a cheap car that breaks down all the time is extremely expensive. Been there, done that, never again. Last time I financed for two years longer than I would have liked to get a payment I could afford and it was worth it. It’s paid off now and still running great.
GRAHAM STEPHAN I’VE IVE DRIVEN A 1992 GEO METRO OVER THE LAST 20 YEARS NOW !!!! LOL !!!!! YOU MY FRIEND ARE A MINDLESS CONSUMER DRONE AND SHOULD BE EMBARRASSED OF YOUR OVER SPENDING HABITS !!!! LOL !!!!
I SPENT $1200 FOR MY 1992 GEO METRO 20 YEARS AGO AND NOW ITRS WORTH $5000 !!!!! YOUR KILLING ME GRAHAM !!!! LOL !!!!
Just wish the car market isnt where it is today.
“cheap reliable used car” is an oxymoron
Dave Ramsey is a fucking clown lol
How many $200k income out there drive a $26k car? Very very few lol
My car was 850 euro’s in the begin of 2020 it’s a VW Golf from the year 2000. The maintenance over the time till now was 325 euro’s. So not even 100 a year. Still a great car. You don’t need a new one just buy a good one. Greetings from Holland
Grahmn I always hit the like button seconds before you ask
Not sure why but I really liked this video Grahmn but I did. I bet it will help a lot of people trying to be as frugal as yourself. Thanks man
I work for the gas company and inspect everyone’s gas meters in my area. Came across an allotment with all 1-2 million dollar homes. With a few exceptions, they all had Hyundais, Kia’s, Toyota Camrys, ford focus’ etc… in the driveway. It was eye opening
I think I did that math wrong I someone came to the conclusion I can afford 200000 car
Graham, what if I bought a car with 3.4 percent interest rate six months ago and in my savings account I am getting 4+ % ?
Hey Graham. I am really into finance, business, real estate and world economy. Do you have any good book recommendations.
Graham would you please pay off my mortgage? Only $139K left on it and then I can really FIRE.
“Never say you cannot afford something. That is a poor man’s attitude. Ask HOW to afford it.” – Robert Kiyosaki
I don’t know if anyone ever told you this, but Kiyosaki is a moron. Nothing against you, just want you to have sound financial advice, that’s all.
This video is another reminder of the stark economical reality we currently live in. With stagnant wages and increasing inflation and debts, there are little people in this country that can responsively finance a new or used car. We have a median income in the United States of 31k, meaning the average American could realistically buy a 8k car which right now is almost unheard of.
In Israel 10 year old car with 100k km cost minimum of 10 grand US dollar
separate your needs from wants basically
Obviously a brand new car is a bad idea for the average buyer. but with a salary of $50,000, what am I supposed to buy that is reliable for $5,000 lol
200k a year to “afford” a 40k car. Wild times.
Sound advice, I have a car that is worth less than $3000 with 180,000 miles on it. I just rebuilt the transmission and now I need new cv axles. However, I can do the work myself, the cars cosmetic condition is like BRAND NEW due to my constant vigilance in keeping it cleaned, protected, and waxed at proper intervals. Every time is has some minor issues, my “friend” says something along the lines of “you should just go buy a new car.” I Iike to come back and say things like “there is a reason you’re in your mid 30s and living at home while I have lived alone since I was 20. I’ve been an avid follower of Dave Ramsey for many years. My financial success is not ‘lucky,’ it’s calculated delayed gratification.
“What’s up Graham it’s guys here” 😂
Omg I can’t believe I never understood. What what’s up Graham meant until now 🤣
Someone making 200k a year driving a 40k car 😂
Great video B
I just do whatever graham tells me to do tbh
What about a mustang GT ot the dark horse mustang on 100k a year
$0 down – 72 months at 3%-4% interest. Put the cash in the S&P 500 or ETFs. Dave Ramsey doesnt want you to be rich.
How about, not buying cars with debt, and only with what you have ? Since when do we have to buy cars like we do houses ? I don;t get it.
The real trick is to buy a reliable car that is well within or under your means and stick with THAT while you save up for the car you think you really want. Then, when you have enough to fully or mostly buy it outright you can either decide to do that (showing you REALLY wanted it) or decide that you didn’t need it that much afterall and then have the extra money. As an avid car enthusiast I have always decided to finally buy the cars at that point, but it was also the best way to not have to worry about expensive payments, if any at all
You got the Ramsey recommendation a bit wrong. His rule includes the cost of all things with wheels. That means the cost of your boat, lawnmower, motorcycle, camper, and even your wife’s car COMBINED need to fall under 1/2 of your household income.
I appreciate you sharing those cars that keep their value. Everyone says spending extra money on a car is a bad move, but driving up a mountain road with the top down is one of my favorite things so it’s hard for me to think of a better use of money.
Buying a big fat SUV on credit just to commute to work every day is something else.
My insurance on my old mustang was $1750 a month FOR LIABILITY!!
Does he always say “What’s up Graham, it’s guys here” or…………… am I the only person that noticed lol