Tag Archives: car

Jackie’s $1000 Beater Car

2 months ago we had Jackie on our live show to help her decide whether or not she should buy a car used from craigslist or a dealer. At the end of the discussion, she decided she wanted to save extra money to buy something a little nicer.

Well things changed and she found a 1995 Toyota Camry for $1000 bucks. It runs great, has newer tires, and had the timing belt replaced.

We video interview her to ask how the transaction went and to shed light on some questions you had from the live show.

Car Payments are NOT OK

Warning: This is a rant about car loans. My sister Jackie has been told her whole life that having a car loan is a normal and acceptable. This video is me telling her it’s not OK to make car payments if you don’t have the money in the bank to pay cash for the car.

UPDATE: Jackie accepted the challenge! Mission accomplished. More to come.

UPDATE 2: Our friend Jim Collins liked this video so much he included it in his own MANIFESTO!! What an honor, thank you Jim. Check it out:
http://jlcollinsnh.com/manifesto

Disclaimer: I don’t mean car payments are never an option. If you have the cash to pay for a car and choose to invest it somewhere else that’s fine.

Here’s a video by Dave Ramsey that explains the “pay yourself car payments” a little more clearly:

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