✉news BusinessPersonal Finance first seen 1 d ago, last 1 d ago, peak #14
Dave Ramsey Blasts Teen's $24,260 Car Loan Deal
Original: 'Honey, You Got Screwed': Ramsey to 18-Year-Old Who Traded a Paid-Off Car for a $24,260 Loan on $2,200 a Month
Personal finance personality Dave Ramsey told an 18-year-old caller 'Honey, you got screwed' after she revealed she had traded in a paid-off car and taken on a $24,260 loan while earning about $2,200 a month. Ramsey argued the dealer took advantage of her youth, and the blunt assessment is drawing wide attention as a cautionary tale about car financing for young buyers.
Why now: Ramsey's blunt reaction to a young buyer's unfavorable car deal resonates with ongoing concerns about predatory auto lending.
Evidence
- 'Honey, You Got Screwed': Ramsey to 18-Year-Old Who Traded a Paid-Off Car for a $24,260 Loan on $2,200 a Month · 24/7 Wall St.
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