Dave Ramsey says: Consider net worth when making purchases

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  • conservative scientist Lindon, UT
    Feb. 12, 2014 6:11 p.m.

    The million dollars figure may make sense for buying a $30,000 new car, but you can buy a new car for a lot less than that. I bought a very reliable Toyota, brand new, for $12,000 dollars several years back and I would take it over all the used cars I had previously bought any day. No, it doesn't have all the bells and whistles, but it does the job of a car as outlined by K above. I think that someone with much lower net worth can buy a new car - just get what you need.

  • george of the jungle goshen, UT
    Feb. 12, 2014 7:47 a.m.

    Live on your money not in your money

  • K Mchenry, IL
    Feb. 11, 2014 9:15 a.m.

    A car is not an investment. A car is a way to get to and from work, doctor, store, school.. The newness makes it reliable to get to and from work and less unexpected repair and replacement costs for parts.