Dave Ramsey Warns Against Financing Cars, Trucks, RVs And Boats. 'Don't Let Debt Trap You,' He Says, While Most Americans Do The Opposite

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(D))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),U=function(){function e(t,n,o){L(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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n=e.getConfig();"smartphone"===n.device&&("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=ae())&&(ne[n]||(ne[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");ee("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){Ft(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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t,n=e.getConfig(),o={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(jt["sa-btn-bar"])),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(jt["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(jt["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(jt["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x"),searchGradientBorder:document.querySelector(".".concat(jt["search-border-gradient"]))};if(function(e,t){var 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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Adrian VolenikSat, September 27, 2025 at 5:08 PM GMT+2 3 min readPersonal finance expert Dave Ramsey is once again sounding the alarm on one of his biggest financial pet peeves: car payments. In a recent post on X, he urged followers to stop financing anything with wheels or a motor.“Cars, trucks, RVs, boats, and everything that has motors and wheels go down in value,” Ramsey wrote recently. “NEVER finance them, because they go down in value and you get stuck in them. Don't let debt trap you in something that's losing value every day. Save up, pay cash, and own it outright.”Don't Miss:A Battery That Lasts 100 Years? Paladin's Solid-State Graphene System Is Changing How Homes and Businesses Store PowerIf there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?Ramsey’s position is straightforward: buying vehicles with borrowed money is one of the biggest reasons Americans struggle to build wealth. On an episode of “The Ramsey Show,” he told a caller, “If you want to be middle class the rest of your whole life, keep a car payment. Mathematically, it'll just hold your butt right there, it'll just keep you from succeeding.”His tone might be harsh, but his message resonates with many who want to stop living paycheck to paycheck. Ramsey often says the goal is to get to a point where “they don't own us; we own them,” referring to vehicles.Still, his advice doesn't go unchallenged.Trending: Microsoft's Climate Innovation Fund Just Backed This Farmland Manager — Accredited Investors Can Join the Same FundAfter Ramsey posted his car advice, some users on X pushed back, saying it’s unrealistic. One reply read, “Most people don’t have $15k in cash.” Another commenter wrote, “Such a boomer take. For some people it is literally the only option. I had to finance a work truck, without it wouldn't be able to make money, and slowly paid it off just fine.”Others argued that not all vehicles lose value, citing used Jeeps and boats that were sold for more than the purchase price. One user quipped, “Cash also goes down in value. That’s why we have never-ending inflation.”Ramsey stands by his view, insisting that car payments are a middle-class mindset and a major obstacle to financial freedom. His long-standing advice is to never buy a new car unless you have a net worth of at least $1 million.See Also: The ECG Hasn't Changed in 100 Years — This AI Upgrade Could Help Detect Heart Disease Years EarlierRamsey encourages buyers to plan ahead and save. A recent blog post on the Ramsey Solutions website recommends skipping the car loan entirely: “The car you can afford is the car you can pay cash for up-front. Not only is it possible, it's also the best way to buy a car, hands down!”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,711.50 +15.00 (+0.22%)Dow Futures46,647.00 +91.00 (+0.20%)Nasdaq Futures24,798.00 +71.25 (+0.29%)Russell 2000 Futures2,455.40 +5.00 (+0.20%)VIX15.29 -1.45 (-8.66%)Gold3,803.20 -5.80 (-0.15%)PortfolioSign in to access your portfolioSign inTop gainersCRNX Crinetics Pharmaceuticals, Inc. 45.91 +10.02 (+27.92%)QMMM QMMM Holdings Limited 119.40 +19.40 (+19.40%)EA Electronic Arts Inc. 193.35 +25.03 (+14.87%)SRRK Scholar Rock Holding Corporation 38.75 +4.26 (+12.35%)PPTA Perpetua Resources Corp. 21.16 +2.16 (+11.37%)Top losersCNXC Concentrix Corporation 47.66 -7.33 (-13.33%)MP MP Materials Corp. 68.63 -8.50 (-11.02%)KC Kingsoft Cloud Holdings Limited 15.64 -1.83 (-10.48%)IREN IREN Limited 41.86 -4.43 (-9.57%)OKLO Oklo Inc. 110.53 -8.60 (-7.22%)Most activeINTC Intel Corporation 35.50 +1.51 (+4.44%)OPEN Opendoor Technologies Inc. 8.81 -0.28 (-3.08%)SNAP Snap Inc. 8.27 -0.06 (-0.72%)NVDA NVIDIA Corporation 178.19 +0.50 (+0.28%)F Ford Motor Company 12.01 +0.39 (+3.36%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNQ=F Nasdaq 100 Dec 25 24,798.50 +71.75 (+0.29%)OXY Occidental Petroleum Corporation 47.47 +0.48 (+1.02%)BMNR Bitmine Immersion Technologies, Inc. 50.50 +0.93 (+1.88%)BETRW Better Home & Finance Holding Company 0.5800 +0.0430 (+8.01%)BTC-USD Bitcoin USD 111,884.44 +2,467.75 (+2.26%)Top economic events