Should I Buy A $3,000 Car?

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  • čas přidán 25. 08. 2024
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Komentáře • 1,3K

  • @halvey8518
    @halvey8518 Před 5 lety +3315

    2 jobs? Junior in Mechanical Engineering? Completely debt free? This guy's current situation is as rare as it comes.

    • @halvey8518
      @halvey8518 Před 5 lety +160

      Then again if you're majoring in mechanical engineering as I hope to soon after the military, you should learn how to work on your car on your own. You save so much money.

    • @BombBoy96
      @BombBoy96 Před 5 lety +35

      @@halvey8518 Im not studying mechanical engineering, but I definitely plan to learn how to be able to work on a car on my own

    • @ryandono5721
      @ryandono5721 Před 5 lety +30

      I am in mechanical engineering, I'm also a junior. And i work on my car pretty much exclusively.

    • @jpain97_
      @jpain97_ Před 5 lety +52

      How do you guys have time for homework?

    • @ryandono5721
      @ryandono5721 Před 5 lety +27

      @@jpain97_ i do not work on it everyday. I work on it every 3-4 months for oil (takes an hour or so) and then if something breaks i fix it myself unless it's ridiculously hard. (a month ago my crankshaft position sensor went out and I couldn't take apart my engine)

  • @thomassears4920
    @thomassears4920 Před 5 lety +2972

    "I was thinking Toyota"
    This guy listens to Scotty Kilmer

  • @guitarjag1
    @guitarjag1 Před 5 lety +806

    I'm almost 47 and that kid puts me to shame. Great job, man, keep it up!

    • @animusanima3094
      @animusanima3094 Před 4 lety +17

      Never to late to become better than yesterday self

    • @davematt7
      @davematt7 Před 4 lety +1

      Same here, lol

    • @sdlock83
      @sdlock83 Před 4 lety +2

      He goes to a for-profit school. Plus Grand Canyon University's engineering program is NOT accredited by the Accreditation Board for Engineering and Technology (ABET). So don't give him too much credit lol! Engineering is highly competitive. The first thing employer wants to know if whether the newly-graduate applicant graduated from an ACCREDITED engineering program within a not-for-profit public RESEARCH university.

    • @guitarjag1
      @guitarjag1 Před 4 lety

      @@sdlock83 Everything you just said is very true but besides that he has a great financial head on his shoulders considering his age.

    • @sdlock83
      @sdlock83 Před 4 lety +1

      @@guitarjag1 No, not that he's got a "great financial plan." The issue is most people in America are financially ignorant. My family is by no means wealthy. But none of us, including my cousins, most of us millennials, graduated college with debt. Why? Just common sense to us. We shop out choice of school based on reputation and price, meaning we choose only public research universities with the best rates and ACCREDITED programs--ABET for engineering, AACSB for business (ACBSP accreditation is NOT good enough for us), etc.. Second, we negotiate our aid packages for the lowest final price. We threaten not to enroll and go elsewhere if the school doesn't meet our tuition assistance "demands" (we make it very clear that the school needs the tuition from our enrollment more than we need them). Third, we all chose majors that makes us more employable when we graduate (engineering, accounting, business administration, computer science, etc.) and leave our area of interest to either a secondary major or a minor. None of us graduated with student loan debt, and we're able to purchase our first homes within 2 years after graduating.

  • @edgarjaimes1634
    @edgarjaimes1634 Před 4 lety +172

    I downgraded from a $30,000 car to a $2000 Toyota Corolla. I've had that Corolla for 1 year now and it still drives like a dream. I've only done basic maintenance to it. Really recommend it. Best thing is that I don't owe anything to anyone.

    • @jhguuygbj
      @jhguuygbj Před 4 lety +8

      what year is it?

    • @rasheemthebestfirstone3274
      @rasheemthebestfirstone3274 Před 2 lety +1

      What year is it

    • @trentc1098
      @trentc1098 Před 2 lety +3

      cool you went from a safer car to a less safer car to save money! structurally they are very poor tin cans

    • @PublicNuisance2K24
      @PublicNuisance2K24 Před rokem +5

      I have a Toyota Corolla and I must say, the vehicle is very good. Just the basic maintenance. If you’re looking to start building wealth, start with a Corolla!

    • @edgarjaimes1634
      @edgarjaimes1634 Před rokem

      @@rasheemthebestfirstone3274 2006, I sold it to my sister this year and upgraded to a 2008 Lexus.

  • @InvestingHustler
    @InvestingHustler Před 5 lety +1218

    Worst feeling ever is buying a cheap car thinking you’re going to save money then having that car constantly break down on you. It might cost money up front but always have mechanic inspect a used car

    • @sidharthchand8072
      @sidharthchand8072 Před 5 lety +45

      Investing Hustler best advice ever I’ve been burned badly never again

    • @pao8110
      @pao8110 Před 5 lety +2

      SURE WILL

    • @thisisnotok2100
      @thisisnotok2100 Před 5 lety +74

      You're right, but thats still cheaper than depreciation

    • @EveryStudent
      @EveryStudent Před 5 lety

      Peeeerrrrrrfect.

    • @smithersrob
      @smithersrob Před 5 lety +153

      no, the worst feeling is buying an expensive car because somebody has given you the misconception that expensive cars can't be lemons and then having it constantly break down on you and cost another fortune AND lose you a third one in depreciation.

  • @jasonhowell8
    @jasonhowell8 Před 5 lety +1382

    I wish I was as smart as this young man, at his age. I didn't really wake up until my early 30s.

    • @93mlo
      @93mlo Před 5 lety +117

      Your not that old. It's good you woke up in your 30s then in your 40s or 50s

    • @jasonhowell8
      @jasonhowell8 Před 5 lety +81

      @@93mloThanks, I appreciate your comment and sentiment. I'm actually 46 now, with a 420k+ net worth. Sometimes it hit hits me, if I had only been a bit more mature when I was younger, that I could easily be a millionaire by now and closer to retirement
      I owe much to Dave's teachings. About 14 years ago my net worth was a approximately negative 5 thousand.

    • @blackbeltfinance4026
      @blackbeltfinance4026 Před 5 lety +19

      Me too, I went all in at the start of my 30s

    • @jasonhowell8
      @jasonhowell8 Před 5 lety +17

      @@MrGetYaAssIt's important to note that we can only start from where we are now. You guys are awesome! I'm honored to know you, and hope all your dreams come true! Keep striving, and know that most of your success will be due to your own effort!

    • @TheSuganthM
      @TheSuganthM Před 5 lety +1

      I am 40.Its too late anyway ;-)

  • @TheSuganthM
    @TheSuganthM Před 5 lety +2023

    For a man who is worth $50Mn, Dave exhibits a lot of patience to consult with a young man on a car with a budget of $3000.

    • @Livesinashack
      @Livesinashack Před 5 lety +283

      I thought that was his job?

    • @notroll1279
      @notroll1279 Před 5 lety +161

      What do you suggest: putting up a sign "Only Wealthy Clients' Financial Worries Welcome"?

    • @paulinekirkwood3423
      @paulinekirkwood3423 Před 5 lety +106

      Dave wants this young man to stay on the path he is on. he is truely wise beyond hs years and handling money better than most people.

    • @gavinhanson9213
      @gavinhanson9213 Před 5 lety +48

      People with big money wouldn’t be calling him in the first place if they earned it then selves. They don’t need logical advise.

    • @josargor8179
      @josargor8179 Před 5 lety +50

      i think he gets excited hearing about young men like him making the right decisions

  • @lovefromdrey
    @lovefromdrey Před 5 lety +468

    This guy sounds so smart and head strong.

    • @ShadaeMastersAstrology
      @ShadaeMastersAstrology Před 5 lety +4

      LoveFromDrey Yeah girl he definitely has it going on!

    • @jasperstojanovski5824
      @jasperstojanovski5824 Před 5 lety +1

      He has a lot of experience in this field.

    • @neilparmar5705
      @neilparmar5705 Před 4 lety +6

      I wish I was that smart when I was his age

    • @bertnl530
      @bertnl530 Před 4 lety +1

      @@jasperstojanovski5824 Perhaps he witnessed others. Learn of other peoples mistakes.

    • @macneoh7418
      @macneoh7418 Před 4 lety +2

      He sounds like a poorly programmed robot.

  • @RK831
    @RK831 Před 5 lety +218

    This guy doesn't need Dave. He's already in control of his money, and if he maintains the same attitude towards money, it will just be a matter of time until he becomes wealthy.

    • @lmv2.787
      @lmv2.787 Před 4 lety +10

      "Doesn't need Dave" even thought he said he has been listening to David and he is the reason his made some of the choices he did.

  • @majestix1230
    @majestix1230 Před 5 lety +1154

    Where's scotty Kilmer😂😂

    • @matthewholz
      @matthewholz Před 5 lety +122

      Probably yelling while reving up his engine!!

    • @majestix1230
      @majestix1230 Před 5 lety +1

      @@matthewholz 😆

    • @Komputar
      @Komputar Před 5 lety +40

      Doing an ad for Toyota but pretending it's his CZcams video.

    • @timbrewer1930
      @timbrewer1930 Před 5 lety +2

      @@matthewholz y'all are a mess lol

    • @villyramos3114
      @villyramos3114 Před 5 lety +11

      Rev up your reliable affordable engines!!!

  • @setevcorker9104
    @setevcorker9104 Před 5 lety +364

    8:32 "Unless he marries poorly." ---This is everything...

    • @BriLoveMusic
      @BriLoveMusic Před 5 lety +40

      You only marry poorly if you date poorly. Standards are nice to have. 🙄

    • @theflightclubworldwide9983
      @theflightclubworldwide9983 Před 4 lety +1

      Maaaan!

    • @Mudoh415
      @Mudoh415 Před 4 lety +14

      Bri Love Having standards can still get you caught up. You generally don’t date the person, but instead their representative.

    • @MGTOWUNIVERSE
      @MGTOWUNIVERSE Před 4 lety +11

      @@Mudoh415 exactly, especially women that know you can upgrade their lives, best not to get married at all.

    • @chevelle1
      @chevelle1 Před 4 lety +6

      Why people still insist on bringing the government into their marriages by getting a license is beyond me.
      Mixing love and commitment (covenant before God if you’re a believer) with a secular power that has no interest in those things, yet has the most power in that marriage, should make people at least pause and question the status quo. Just my .02

  • @Bee-uy2cn
    @Bee-uy2cn Před 4 lety +55

    My first car was 3000$ second was 7000$. (One a jeep, one a toyota) Still have both. Still use both. Amazing cars. All of my friends have beautiful nice car ...debt, they make fun of my car and i make fun of their consumerism and debt.

  • @23ofSeptember
    @23ofSeptember Před 5 lety +297

    Better to drive a $3000 car, than a $40k car just because you get a "stipend".

    • @704ab
      @704ab Před 4 lety +9

      But if I buy the new 3500 crew cab dually, I get a $4000 rebate. WHAT A DEAL! And they are selling it at a loss ;)

    • @moderndayentertainment5812
      @moderndayentertainment5812 Před 4 lety

      Except insurance on older cars is higher

    • @704ab
      @704ab Před 4 lety +3

      @@moderndayentertainment5812 - in my state, liability insurance costs the same, whether the car costs $800, or $80,000. Obviously, you are not going to pay for comprehensive and collision on an $800 car.

    • @sportsMike87
      @sportsMike87 Před 3 lety +2

      not everybody wants to drive an ancient car

    • @AnthonyVasquez17
      @AnthonyVasquez17 Před 7 měsíci +1

      Unless you add back up camera. Thats lowers a bit ​@moderndayentertainment5812

  • @billgateskilledmyuncle23
    @billgateskilledmyuncle23 Před 5 lety +86

    This guy didn't even need to call him. "I'm debt free, learning how things work in school, and stressing over an old car." Just get an Accord for 5k and roll on.

    • @Emma_madison
      @Emma_madison Před 3 lety +6

      How will he flex on you if he didn't call😄

    • @2s_company_
      @2s_company_ Před 3 lety +2

      Everyone needs a little validation, sometimes.

  • @dodgeplow
    @dodgeplow Před 4 lety +276

    This kid doesn't need to talk to Dave. He's made good decisions. This is just a pep talk for him :)

    • @bertnl530
      @bertnl530 Před 4 lety +1

      Car trading is one of the most difficult things there is, for a private buyer or seller. For professionals it is different. They are your friend as soon as you pass the treshold.

  • @CaptainCocaine
    @CaptainCocaine Před 5 lety +280

    Makes $2k/mo making deliveries
    Wants to know if replacing an unreliable shitbox for around $3k is a good idea
    BRUH

    • @PosterizingArtist27
      @PosterizingArtist27 Před 5 lety

      Sadpants McGee 😂😂😂😂

    • @americanpatriot8426
      @americanpatriot8426 Před 5 lety +3

      He isn’t too smart

    • @ajk9420
      @ajk9420 Před 5 lety +63

      Doing deliveries is what's messing his car up. To make that much money you have to put lot of miles. Average pay is $1/mile so he puts 2k a month. Whatever car he gets it's going to be run to the ground with this road warrior mentality and this job is not sustainable for long because the payments start catching up to what you make. Yea the money might be good but you'll literally pay half of it just fixing your car

    • @joecurran2811
      @joecurran2811 Před 5 lety +2

      Especially if you can sell the current car you have.

    • @monaestewart4591
      @monaestewart4591 Před 4 lety

      ha

  • @bluesky5384
    @bluesky5384 Před 3 lety +37

    I didn't think it would be so satisfying to see someone decently financially responsible call in lol.

  • @joshuawebb3337
    @joshuawebb3337 Před 5 lety +225

    Young mans got hustle. Hes gonna do very well.

    • @HHHPedigrees
      @HHHPedigrees Před 3 lety +1

      His hustle is the reason why he had to spend $2000 in repairs. Food delivery service is a ripoff and does nothing but destroys your car.

  • @GunSnob
    @GunSnob Před 5 lety +186

    I bought a '98 cavalier with 90k miles and ice cold AC for $1,400.. still running strong today (2 years and 15k miles later).. Reliable car.
    Also debt free, and a home owner @ 27 years old. Phoenix AZ Represent!!!

    • @ChrisInvests
      @ChrisInvests Před 5 lety +2

      That's awesome! You must be on the path to creating extraordinary wealth!

    • @GunSnob
      @GunSnob Před 5 lety

      @@ChrisInvests I am definitely trying. I have a long ways to go!

    • @GunSnob
      @GunSnob Před 5 lety

      @@ChrisInvests by the way, thank you!!!

    • @ChrisInvests
      @ChrisInvests Před 5 lety +1

      Jonathan Brown You're welcome! I'm on a similar path as you. I just started my own channel on personal finance!!

    • @GunSnob
      @GunSnob Před 5 lety

      @@ChrisInvests got yourself a new subscriber!

  • @MiguelRPD
    @MiguelRPD Před 4 lety +14

    My old 2003 Toyota Camry was $3,000.
    No issues minus replacing a radiator and 3 wheel bearings.
    Sold it for $1,500 after 5 years. Completely worth it.

  • @chrisgirard8281
    @chrisgirard8281 Před 5 lety +74

    3 years ago I bought an old Corolla with not many miles on it. I service it regularly, and it has never let me down. 2 months ago someone side swiped me in heavy traffic, and I had to get an estimate on the damage for insurance. Even though the damage was just cosmetic, it turned out to be worth more than the car itself, which was considered a write off. I was offered a cash settlement for the car or the ability to keep the car with a lesser settlement minus a salvage fee. I thought about all the things I've learned from Dave, and could hear him saying "be weird or be broke" in my head over and over. Instead of going out and buying another car, I hunted down a repair shop that would do the job for the amount I was being offered to keep the car. It was the weirdest thing I've done, but I'm sure I'll look back on this decision and be very proud of it someday.

  • @fanmaxis3004
    @fanmaxis3004 Před 5 lety +61

    When people ask me how in doing I tell them "better than i deserve" now after watching Dave Ramsey

  • @thesophisticatedjellyfish
    @thesophisticatedjellyfish Před 5 lety +54

    What Dave was saying at the end is how I got my car! A daughter of a passed away grandma was selling a $3,500 car for $1,500. It was a 2005 ford focus with about 25k miles. Just fine condition. I bought it cash, currently have it up to 43k miles, andhave had absolutely zero problems with it. I had one light replaced for $12 and that's it lol.

    • @BombBoy96
      @BombBoy96 Před 5 lety +2

      thats amazing. How much are you paying for insurance on it?

    • @thesophisticatedjellyfish
      @thesophisticatedjellyfish Před 5 lety +2

      $100/mo

    • @richl1319
      @richl1319 Před 5 lety

      Nathan Kestner me too, are you with Allstate?

    • @lwilliams4198
      @lwilliams4198 Před 5 lety +2

      You can get over 200++ miles on that car. I have one.

    • @richl1319
      @richl1319 Před 5 lety +2

      lt Williams what about my 03 Ford Explorer? You think my car can reach that mileage ? I’m currently at 151,500 miles

  • @StephanieLeigh83
    @StephanieLeigh83 Před 5 lety +272

    Benjamin is going to be a very very wealthy man. He’s very smart with money and going into a career that has a lot of growth and pays well.

    • @joshualaughlin2385
      @joshualaughlin2385 Před 5 lety +23

      Thanks for telling us! how would we know that without you!

    • @IT-fj1nx
      @IT-fj1nx Před 5 lety +3

      Anything can happen.

    • @frankish5314
      @frankish5314 Před 5 lety +5

      This kid is me back in 1985, except I fixed my own cars, never sent a car to a shop yet!.... You're right though, he will be wealthy..:)

    • @learnteach2learn729
      @learnteach2learn729 Před 4 lety +1

      @@joshualaughlin2385 lol

    • @marywebb9127
      @marywebb9127 Před 4 lety +1

      @BigLBA1 Just because your marriage failed doesn't mean all marriages are bad.

  • @StandYourGrounds
    @StandYourGrounds Před 5 lety +20

    I bought a 2002 toyota corolla for $600 instead of getting a lease which was my initial decision. I'm glad I didn't go with a lease. Saving tons of money every month. In addition corolla is 41 mpg.... cant beat that. Best commuter ever.

  • @Shawn-ho6de
    @Shawn-ho6de Před 3 lety +12

    This kid is killing it. Good job!! Mechanical Engineering is an extremely difficult major. I know from personal experience. Way to go! He has a bright future.

  • @NoeciRocha
    @NoeciRocha Před 5 lety +66

    Oh boy u are doing a great job! Buy a Corolla will be with u for a long time without breaking, this is why u see a lot old folks driving Corolla

    • @Samuelfish2k
      @Samuelfish2k Před 4 lety

      Noeci Rocha
      Yea and those old folks only drive to the supermarket & back. And maybe to play bingo on Tuesday nights... No wonder their Corollas never break down.
      Old folks don’t make deliveries or drive Uber all day or take kickass road trips...

    • @willowandluka5302
      @willowandluka5302 Před 4 lety +1

      Samuelfish I drive a 1997 Toyota Camry and I drive it 30 miles a day and I regularly drive 400 miles there and back to visit my family. And I do all maintenance myself or with the help of my brother or father-in-law. It is an extremely reliable vehicle and I could only assume a Toyota Corolla would be the same story.

  • @Ericbryanmr
    @Ericbryanmr Před 5 lety +762

    Buy a corolla. Or any Toyota....

    • @DisabilityExams
      @DisabilityExams Před 5 lety +178

      Corolla - Toyota's cockroach of the road - nothing kills them.

    • @jaya.0069
      @jaya.0069 Před 5 lety +57

      Corolla rocks!! The last thing to die when the world ends will be an old Corolla!

    • @sweetpotatox1007
      @sweetpotatox1007 Před 5 lety +29

      Honda too!

    • @joshua38410
      @joshua38410 Před 5 lety +31

      I could not agree more, I own a Toyota Camry, but the Corolla is just bullet proof.

    • @ohiojg1230
      @ohiojg1230 Před 5 lety +21

      04 4 runner 200k. still running great

  • @AVPVP
    @AVPVP Před 4 lety +23

    At least I educated myself about money in my early 20s . how the money system works, debt based economy, people in big debt with mortgage, school, credit cards, cars, etc. Been debt free for years and always will be.

  • @OrochiShaka
    @OrochiShaka Před 5 lety +59

    Engineering major and working 2 jobs? This guy is really smart!

  • @user-pq1cj3hy3q
    @user-pq1cj3hy3q Před 5 lety +18

    Engine, transmission, frame, and heating/AC. That’s the most important you gotta look for to get cheap car.

  • @nicojuro
    @nicojuro Před 4 lety +14

    Paid 3400 for my Celica when I was 17, still driving it at 22 with no issues. Love it, can't go wrong with Toyota

  • @regul8or71
    @regul8or71 Před 5 lety +8

    I’m 36-years-old and I’m living proof that you can lead a horse to water but can’t make it drink - I chose not to drink the water when I was younger, and this has come back to bite me in many ways. This kid has chosen to take the drink - The drink that will likely alter the rest of his life (especially if he keeps drinking). Props!

  • @drof2th
    @drof2th Před 5 lety +123

    I saved $12,000 in the 70's while in school to become a Meteorologist and now have 5 houses paid off and zero debt! This guy could be Dave's or my son!!!

    • @marioc7704
      @marioc7704 Před 4 lety +4

      I’m sure u do

    • @jamestuck90
      @jamestuck90 Před 4 lety +3

      N you comment on CZcams videos

    • @jeremy3106
      @jeremy3106 Před 4 lety +1

      Did you end up sticking with meteorology? I'm currently working towards this career, nice to see someone who did the same! :)

  • @animeman197
    @animeman197 Před 5 lety +4

    He is a sharp guy for listening to Dave and taking action. More and more people need to do these types of things and succeed. Much respect to anyone who is on this journey of discipline, hard work, honesty, integrity, and perseverance.

  • @joshuamclean4588
    @joshuamclean4588 Před 5 lety +12

    The way he’s talking about this 21 year old makes this 20 year old VERY happy about the way i’m headed! 😀

  • @natebostrom3137
    @natebostrom3137 Před 3 lety +4

    I bought an '04 Taurus for my kid. $3,250. Had only 38k miles on it. At an estate sale. Deal of the decade for me

    • @JuanJimenez.
      @JuanJimenez. Před 3 lety

      you can easily flip that, but wow that’s a stupid crazy deal

  • @Wat72-
    @Wat72- Před 5 lety +4

    My first car, a 1999 corolla with about 50k miles has never in my family's ownership had to go to be fixed at all. That's about 6 years, only having done the basic oil change etc. It goes for around 1200$ and is the most worth the money vehicle I think I will ever be driving. No rust and drives great, surprisingly much space.
    I'm certainly recommending it for anyone looking for a cheap car.

  • @lizcedillo4602
    @lizcedillo4602 Před 4 lety +109

    This guy is graduating this month. (Todays date is 5/19/20) Wonder if he got the car or what with covid maybe he took classes online or covid hurt him with no work for most.

    • @artemijsstefanovs3465
      @artemijsstefanovs3465 Před 4 lety +8

      Liz Cedillo got the same question

    • @thenman23
      @thenman23 Před 4 lety +11

      probably cashing out on unemployment

    • @lizcedillo4602
      @lizcedillo4602 Před 4 lety +2

      @@thenman23 haha possibly. Dave has another video of that exact situation. Workers refused to go back to work! They're probably on the couch watching the traffic hour on tv says, "glad that isn't me."

    • @littleheddie
      @littleheddie Před 4 lety +11

      I work for GrubHub Corp. out drivers are making good money out of this situation. I’m sure he’s good.

    • @FlaminHotChips
      @FlaminHotChips Před 4 lety +1

      He dropped out

  • @mph5896
    @mph5896 Před 5 lety +40

    Caller is delivering food with his car. He will be dumping money into repairs in any cheap car he drives. There is no way around that.

    • @GEAUXFRUGAL
      @GEAUXFRUGAL Před 5 lety

      admittedly I didn't listen to the entire broadcast I'm just going through the comments thank you for highlighting that if he's using his car for delivery then he needs to go with a hybrid that's all there is to it he's putting in the miles they are selling Toyota Prius all day long too and $3,000 you might have to do a little work with the battery if you got 6,000 you can probably get a generation 3 car easy and we're talkin flawless we're talkin automobiles with hardly anything wrong with them maybe a small door ding or something like that we're talking cars that have good air conditioning and heater decent stereos and it just don't break down you talk to the number two most reliable automobile the only reason it's number 2 is because the number one most reliable automobile that happens to have the same engine is not a hybrid. Hybrids do have a slighter reliability risk but oddly enough with a hybrid the more you drive it the better it helps out that system so if you're delivering pizza or something like that and you really want to have a hybrid.

    • @hbarudi
      @hbarudi Před 5 lety

      @@GEAUXFRUGAL Good to see possible to get used hybrid at affordable prices too.

    • @mph5896
      @mph5896 Před 5 lety +5

      @@GEAUXFRUGAL Prius is a great car, BUT on a $3500-4500 budget he is looking at an older model in the 2004-2008 range. The risk of a $3k battery failure would be to risky. I would stick to a small to mid sized 4 cylinder car. Maybe a Corolla, Civic, Accord, Camry, 2008-11 Focus.

    • @dawnyoung9896
      @dawnyoung9896 Před 4 lety

      I've had several old cheap cars that I had to commute in that didn't give me too much grief. I saved tons on insurance, and interest and payments. I'm very successful now---it really does work.

  • @kylerider7125
    @kylerider7125 Před 5 lety +17

    When my brother and his wife were just starting out in the military in 2005 they bought a 1996 Toyota Camry with around 150 thousand miles for 3500 dollars and drove that thing all over the United States for about three years And turned around and sold it for 3 thousand. The car only required tires and a one day inexpensive shop stay during that time. They got lucky lol. Most used cars would not work that well for that little bit of money

  • @sharmeenmoona2886
    @sharmeenmoona2886 Před 4 lety +4

    being a mechanical engineer recent grad, I can say this guy has his life well planned in every way. Great job stranger.

  • @23ofSeptember
    @23ofSeptember Před 5 lety +34

    Shouldn't be too hard to find a dependable used car for 3k. Used cars these days, especially imports made after 1999, are way more dependable than used cars were say in the 1990s. Toyotas and Hondas are a good choice. I'd say a Corolla, Camry, Civic or an Accord would be a good choice.

    • @Livesinashack
      @Livesinashack Před 5 lety

      I've been scouring Craigslist for this elusive $3,000 Corolla but I'm not having any luck

    • @Livesinashack
      @Livesinashack Před 5 lety +1

      I would think modern used cars would be less reliable because of so many computers and increasing complexity.

    • @EMichaelBall
      @EMichaelBall Před 5 lety +1

      Some Accords and Civics, most notably after 2000, are surprisingly unreliable.

    • @donnaharouff5085
      @donnaharouff5085 Před 4 lety

      I had 2003 civic. It was the best! Someone hit me in 2015 and totalled it. I miss that paid for car.

    • @NFSMAN50
      @NFSMAN50 Před 4 lety

      In my city i've found accords and camrys for a good deal around 3k, and older Nissan cars are great, and some GM and Ford's mostly their full size sedans, suvs and trucks are good

  • @Claire-oq7ut
    @Claire-oq7ut Před 4 lety +39

    He should be graduating soon! Hope he’s doing well.

  • @ChrisInvests
    @ChrisInvests Před 5 lety +200

    This college kid at least has some sense!!

    • @biskitbunch2553
      @biskitbunch2553 Před 5 lety +11

      Jacob Votava he says his senior year should cost $4500. He could possibly have scholarships or his parents might be helping him.

    • @orangeboy97
      @orangeboy97 Před 5 lety +2

      @Jacob Votava uhhhhh he could easily have scholarships

    • @leocardenas5728
      @leocardenas5728 Před 5 lety

      @Jacob Votava it's called Financial Aid Buddy

    • @jasonsharpbucks
      @jasonsharpbucks Před 5 lety

      Mechanical engineering and can't work on his own car?

    • @michaeldalton8374
      @michaeldalton8374 Před 3 lety

      If he had sense, he never would’ve purchased a Mitsubishi. Ever. For any price.

  • @lancercool1992
    @lancercool1992 Před 4 lety +11

    95 Civic for $1500, standard transmission, Hondas run forever.

  • @Txcowboy80
    @Txcowboy80 Před 3 lety +1

    Bought a 6k civic with 81k miles on it, 98k now, best decision in my life after getting rid of stupid truck payments.

  • @trut52
    @trut52 Před 2 lety +1

    Bought a $2000 Toyota and couldn't be happier with it. Starts every morning like a charm. I literally just had to put gas in it and change the oil veery once in a while. Love it.

  • @krogdog
    @krogdog Před 5 lety +11

    As a fellow Grubhub driver, $2000/mo is doing a LOT of driving. This guy must work very long hours If he does this in conjunction with another job and a full-time course load.

    • @musclenpips_8486
      @musclenpips_8486 Před 3 lety

      You can make that working weekends bro of course depending on location

    • @krogdog
      @krogdog Před 3 lety

      @@musclenpips_8486 $2000/mo only on weekends calculates to $250 each Saturday/Sunday which is $20/hr working 12 hrs each of those days year round.
      Idk about you but I would get burned out on that side hustle schedule very quickly 🤮🥵

  • @deltaXna
    @deltaXna Před 4 lety +21

    Dave - when you graduating
    Caller - May 2020
    Me - 😬😬😬😱

    • @insideoutsideupsidedown2218
      @insideoutsideupsidedown2218 Před 4 lety

      deltaX NA he still graduated... None of that walking across the stage and paying for a robe your wear once, but he grduated....

  • @benanderson4639
    @benanderson4639 Před 4 lety +2

    Knowing how to work on cars as a young person can save you so much money. My brother has a Ford ranger that breaks down once a month, but he's never had it in the shop. Even for repairs that take 30+ hr to complete

  • @687805
    @687805 Před 5 lety +2

    This guy is impressive, should feel some pride in the choices he's made and things he's done! And yes, despite common asking prices from dealerships there are good, affordable, used cars out there... if you're not out to impress people at stoplights. My first car I bought for myself- in 2004 was a '78 Bonneville with a bad transmission for $600. Replaced the transmission myself for $150 and it was clean! Loved that thing. Sold it for three times what I paid a couple years later.

  • @Dochorahan
    @Dochorahan Před 5 lety +32

    Toyotas are worth the price even if it's a gently used low mileage. Reliable and you can keep those running for decades.

    • @teev7
      @teev7 Před 5 lety +6

      Know what you mean...my mom has a 95 Corolla with well over 400k miles and still running strong. People ask her all the time if she is planning on selling her car, and she tells them, “No way!” 😆

  • @moriahjohnthejohnsons718
    @moriahjohnthejohnsons718 Před 5 lety +3

    This kid made me so happy. I am sure he had parents so struggled and he had to learn the hard way.

  • @dynodin81
    @dynodin81 Před 5 lety +2

    No CZcams Dave back in the day unless you had someone who knew about him. Glad he's reaching out to a lot more people with this platform - especially younger people - since they are pretty born with social media.

    • @dynodin81
      @dynodin81 Před 5 lety +1

      Also this would be a great platform to have at schools = money smarts. Not everyone is lucky to have that education at home.

  • @delicatessen5670
    @delicatessen5670 Před 4 lety +24

    "That depends. Does it run on beans and rice?"

  • @MiMiOrt
    @MiMiOrt Před 5 lety +3

    I have a 2007 Mitsubishi Galant and let me tell you I have had that car for 6 years . It has 263,000 miles and its still going. I check everything monthly , almost every 3 months I chang the oil . This car has been my life saver and I haven't wasted a lot of money .

  • @migueldecarvalho8012
    @migueldecarvalho8012 Před 5 lety +16

    "Unless he marries poorly." Ahahahahahah!

  • @EdUrichPanFlute
    @EdUrichPanFlute Před 5 lety +15

    Too bad I didn't find this channel long time ago I'm new here and I'm learning a lot thanks Dave

  • @jutde
    @jutde Před 4 lety +1

    If I were in Arizona, I'd be looking for something older than 1985 that doesn't have anything electrical to break except the radio. Fix anything on that vehicle in 15 minutes at any AutoZone or O'Reilly in the country.

  • @mdlm77
    @mdlm77 Před 3 lety +5

    "He may already be a millionaire before hes 30... Unless he marries poorly" lol!

  • @RS-xq4hf
    @RS-xq4hf Před 3 lety +5

    This kid is killing it. Good job Benjamin. Congrats on your graduation!

  • @iviaverick52
    @iviaverick52 Před 3 lety +2

    yes you should. Worst car decision I ever made was to finance a $10k sedan. Best decision I ever made was to sell it 5 years later for $3500 and turn around to buy a pickup truck for the exact same price. Love that truck, and owning it outright is a great feeling.

  • @joelyebb1299
    @joelyebb1299 Před 5 lety +82

    You’d be surprised how many nice cars you can find for 3000 if you just look

    • @roxannescott6956
      @roxannescott6956 Před 4 lety +2

      Really what state because not in NYC state

    • @davem4193
      @davem4193 Před 4 lety +8

      So true. I bought an 05 Grand Marquis with 45K miles for $4000 from an older woman. It now has 61K miles on it and I haven't had to do a single repair on it yet, just oil changes. It averages 26 mpg which is pretty good for a full size car with a V8. The woman even threw in a set of 4 snow tires that only had one season on them. I love not having car payments!

    • @coldpatch124
      @coldpatch124 Před 4 lety +1

      Yes this is true I have a eclipse 01 over 100k miles no problems what so ever.

    • @andreblackaller3560
      @andreblackaller3560 Před 4 lety +1

      Dave M Do you really get 26 mpg? Because if you do I’m getting one too.

    • @SorenHigh
      @SorenHigh Před 4 lety +1

      roxanne scott I have found a ton of nice ones in the Buffalo area.

  • @dhmedia7004
    @dhmedia7004 Před 5 lety +31

    Dave: hello thanks for calling how can I help?
    Me: I think i married a "Princess" what do I do?

  • @sethbingo
    @sethbingo Před 4 lety +33

    *"Rev up your engines!"*

  • @ngregerman
    @ngregerman Před 3 lety +1

    Great video. So much wisdom and grace from this guy and so kind. We need that in the world right now and always

  • @starlitopensky1
    @starlitopensky1 Před 5 lety +13

    One problem, hopefully he doesn't have: Just because a person gets a degree in mechanical engineering doesn't mean a job has been created for him. At least he won't have debt unlike a lot of engineers who had found jobs in engineering.

  • @leocardenas5728
    @leocardenas5728 Před 5 lety +7

    I'm 20, debt free also, Graduate 2021, Studying Administration of Justice /Accounting, going into Law Enforcement. This helped very much me and a newer Thanks Dave!

    • @neoncity1557
      @neoncity1557 Před 5 lety +4

      Leo Cardenas good to see so many fellow 20ish year olds here

  • @salvatorepuccini4261
    @salvatorepuccini4261 Před 5 lety +3

    I actually learned something on this. He always talks about you buying used but he expanded upon it to include easy to work on

  • @Mandan...77t
    @Mandan...77t Před 2 lety +1

    Good man, love the way how patient with him and eager just to give wisdom. I don't know him but I hope him best of luck

  • @AutoXela
    @AutoXela Před 5 lety +15

    I spent 2,500 on my 1998 Toyota Camry about a year and a half ago. The only thing I have had to do to it was put on some new brakes and buy about 50 of interior parts. I have since then put about 15,000 miles on it. The point is... buy a Toyota

    • @westoncaldwell4155
      @westoncaldwell4155 Před 5 lety

      Xela yeah i bought a 99 camry with 140k miles for 2700 and its never gonna die

  • @flipvdfluitketel867
    @flipvdfluitketel867 Před 5 lety +7

    In 10 years time he is sitting in his modern soulless car thinking back of ol' Pockmark and how much he misses that car. Enjoy the lack of luxury in your younger years so that you can appreciate luxury more when you can finally afford it

  • @mrdigital30000
    @mrdigital30000 Před 4 lety +9

    Dave told him he would be making big bucks immediately after college. Not knowing what would be going on may of 2020

  • @ivankulya8291
    @ivankulya8291 Před 5 lety +1

    I got a 2006 corolla, 126k miles. Bought it for 2,000 dollars, excellent mechanical condition. No repairs needed for the past year. GET A COROLLA

  • @nelbmahs
    @nelbmahs Před 5 lety +44

    $4,500 a year for college including housing? Where is this?

  • @jayc4715
    @jayc4715 Před 5 lety +18

    Studying mechanical engineering..buys a Mitsubishi Galant..and then puts $2000 into it..😐

    • @jayc4715
      @jayc4715 Před 5 lety +1

      @M-Engi Mike everything

    • @duncancox7341
      @duncancox7341 Před 5 lety +2

      A good lesson for a new mechanical engineer.

    • @Silidons91
      @Silidons91 Před 4 lety

      Hey, I thought I was smart when I bought a 97 4Runner 4x4 with 165k miles for 5000.. At 206k, the engine grenaded (I am meticulous about maintenance too, I think previous owner didn't upkeep oil changes...). 1800 for a JDM engine, 500 for a rack and pinion, 400 for an exhaust manifold, 1000 for brake master cylinder/booster/etc. Now I feel like an idiot LOL but I figure it's cheaper to fix than buy another one....

    • @ramboxlegacy14
      @ramboxlegacy14 Před 4 lety +1

      Being a mechanic and mechanical engineer are two completely different things.

    • @TOXIXIFY
      @TOXIXIFY Před 4 lety +1

      @@ramboxlegacy14 We can all agree the best MEs have the ability to actually be a mechanic as a prereq.

  • @tannergreenwald9497
    @tannergreenwald9497 Před 5 lety +5

    This has to be one of Dave's best show.

  • @jbone79
    @jbone79 Před 5 lety

    One important variable about this story is the timing of this young mans ambition and his access to this type of info. Like he said he grew up listening to Dave. I'm 39 and have been listening to Dave for the past couple years and have learned so much. Wishing I had You tube and immediate access to this very important message at 18 rather then a Walkman with cassette tape. The way we can access this information today is huge. Not taking away from this young man who is in fact a rockstar, but we cant ignore the statement from Dave sayin he is kicking our 42 year old butts.

  • @wkdravenna
    @wkdravenna Před 5 lety +3

    It's so weird I bought a Mitsubishi Galant V6 for $1,800 it had tree damage as in a tree dented the roof and couldn't open the sun roof. Man I drove that thing for 3 years all over from Midwest to NYC to the Carolinas and back. I was truly sad when I had to finally decide to let it go. I put 200k of my own miles on it. Had only minor normal issues. It was my favorite car just due to the price.

  • @garys.1415
    @garys.1415 Před 3 lety +3

    “Unless he marries poorly” 😂😂😂💀💀💀💀💀😂😂😂⬆️💀😘😘

  • @kcroeder
    @kcroeder Před 5 lety +103

    Buy a Honda Civic or Toyota Corolla. Don’t be stupid!!!!

    • @stevemorelli1451
      @stevemorelli1451 Před 5 lety +1

      KC Roeder... those are some of the worst cars to buy they might be somewhat reliable but the parts are very expensive for them not to mention your insurance

    • @BlueBalloon97
      @BlueBalloon97 Před 5 lety +45

      @@stevemorelli1451 Hondas and toyotas are actually known to be one of the cheapest to maintain.

    • @BlueBalloon97
      @BlueBalloon97 Před 5 lety +13

      Definitely honda civic. I can confirm

    • @gabrielc2125
      @gabrielc2125 Před 5 lety +4

      Steve Morelli , this is false

    • @rickdesertfox
      @rickdesertfox Před 5 lety +2

      @@stevemorelli1451 Honda is up there in quality and Toyota is at the top. Regarding ease to work on, depends on what exactly you're working on, it's about average to easy.

  • @michaelwalsh90
    @michaelwalsh90 Před 5 lety +1

    What a guy! I found a major in mechanical engineering hard enough with only summer jobs. Well done Ben. Bossed it

  • @jeffjackson9679
    @jeffjackson9679 Před 4 lety +1

    The caller points out the issues (which Dave often ignores) about buying too cheap of a used car clunker) in one year you dropped $1400 plus $2000 in repairs...so you are paying about $300 a month for a POS and the headache of it breaking down on you constantly. If you can afford it, buy something a few years old with under 30k miles on it. Should still have a few years of factory warranty on it, and will be, depending on the vehicle, about 30-40% less than what the original MSRP is. Not cheap, but at least you will have piece of mind and not having the headache of constantly taking it to the shop, and then constantly explaining to your boss why you will be late for work.

  • @tealcoconut
    @tealcoconut Před 5 lety +20

    Ohhhhhhhhh SNAP. Benjamin from Phoenix, I agree with Dave that you are very impressive. ...Marry me? Lol
    I graduated with a degree in Chemical Engineering last year - we could geek out over higher-order differential equations, laugh at how Kirchhoff's law is simply an energy in = energy out energy balance, and discuss those amusing (and often artistic) phase diagrams demonstrating the relationship between composition and temperature of materials from materials courses.
    Sighh yeah but in all seriousness, where was my Benjamin when I was in college?? 😂 Best wishes to this one!! He's already doing amazing things!!!! You GO, boy!!!

    • @wendymcbridemarinecorpscom8811
      @wendymcbridemarinecorpscom8811 Před 5 lety +5

      Oh, my Sweetie. I'm gonna pray God sends you someone wonderful to love and that loves you back even more!!❤🌷😍

    • @tealcoconut
      @tealcoconut Před 5 lety +5

      @@wendymcbridemarinecorpscom8811 Wow, I wouldn't have guessed such sweetness still exists on the internet. ^__^ Thanks, Wendy. Should have known Dave's channel would have a different type of people than is normally found on CZcams : )

  • @entensevibez
    @entensevibez Před 5 lety +8

    "Theres a lot of under the hood even tho the hood is messed up" -Dave Ramsey

  • @bowzeyyylove
    @bowzeyyylove Před 4 lety +1

    ‘Unless he marries poorly’ 🤣 He’s got to be too smart for that

  • @elindigeno1215
    @elindigeno1215 Před 5 lety +1

    I bought a 1992 Chevy 1500 for 500, and now I'm working on it. I can't wait for it to be ready. It runs well, it just needs registration, and tires. Some people called me "stupid" I said, " wait until it runs everyone will call me to borrow it." This college student put me to shame. 🙂

  • @ThisBerg
    @ThisBerg Před 4 lety +30

    It’s July 2020, I hope he’s doing well now

  • @howlbeast
    @howlbeast Před 5 lety +8

    This kid is a legend!! Keep on track man don’t get sidetracked by chicks man

  • @zacharybrooks9053
    @zacharybrooks9053 Před 5 lety +2

    Dave said “good food!” When the guy said he was a driver for Grub Hub. I think he assumed it was an actual chain of restaurants, lol.

    • @DjR6307
      @DjR6307 Před 5 lety

      He said "Good for you." I thought it was "Good food." myself at first also lol.

  • @facortez
    @facortez Před 5 lety +1

    I’m at the Honda shop now with my 11 year old Odyssey with 150,000 miles and plan to drive it another 50,000. She gets the job done. Buy a good car, with a good service record and single owner if possible. You can still find good deals out there.

  • @radhikadunn7647
    @radhikadunn7647 Před 5 lety +6

    Just saw a youtube ad for a credit card before this video! made me laugh so hard! cz it's Dave Ramsey

  • @kobeherbo39
    @kobeherbo39 Před 5 lety +4

    3:24 imagine if all he heard was plain Jane and bought a Rolex 😂

  • @Jacob-ir6zi
    @Jacob-ir6zi Před 5 lety +3

    I live in phoenix and can confirm that hail is transported to the desert

  • @willsommervil6141
    @willsommervil6141 Před 5 lety +2

    YES!!! 👏👏👏 God bless this man! I hope he keeps it up. Much love to Dave R for always gives great advice.

  • @herbiehusker1889
    @herbiehusker1889 Před 5 lety +13

    A Mitsubishi, breaking down? I'm shocked!

    • @duncancox7341
      @duncancox7341 Před 5 lety

      Lol!

    • @mekon1971
      @mekon1971 Před 4 lety +1

      I had a 96 Mitsubishi Gallant drove it to 197k miles, never had to do more than change the tires, oil, and belts and battery.

  • @miketucker3571
    @miketucker3571 Před 4 lety +3

    My hooptie: I have a 2001 Toyota Echo that I refuse to sell. It always starts and gets great gas mileage. I am 60 years old.
    My Dave's car is a 2007 Dodge Ram 2500 4 wheel drive, diesel. My wife's Dave's car is a 2011 Toyota 4runner. All debt free.

  • @1439smoke
    @1439smoke Před 4 lety

    I've purchased vehicles from auctions for great deals. Just bought a 2017 Hyundai Elantra SEL with 30k miles for $5,087 out the door with fees just needed a front bumper cover, driver airbag and front seatbelts that locked up during a very small minor front end collision. Cost me in airbag, seatbelts and airbag module $600 in parts and was able to ziptie my front bumper for now, no fender damage, hood damage nor frame damage litterally just front bumper/grille. Vehicle came with window sticker msrp in glovebox with a couple dealer add ons was $23k just 2 years ago and im under $6k into it and have a very nice reliable car for many many years so don't overlook unconventional places like auctions

  • @greensnmachines
    @greensnmachines Před 5 lety +1

    Dave's advice at the end is how I got my Crown Vic. A bit beat up, but the previous owner took great care of it. Plus it's fun to take photos of.