Automobiles

It's okay to buy the car

Brandon and his wife are in good shape financially, but they're worried about retirement. They ask Dave if they should use $22,000 they saved for a newer car, or hang on to some of it for when they retire. Dave assesses their overall situation, and gives them his opinion.

Toggle Show Transcript

Should I Pay Off My Car or Build Up Savings?

Dave learns that Kendall from Midland, Texas, has a bigger problem than the Baby Steps. He has almost $90,000 in debt from two cars he's upside down on.

Toggle Show Transcript

When Is It Time to Buy a New Car?

Dave is driving a 10-year-old car with 195,000 miles on it. It needs $1,500 in repairs and is worth $4,000 or $5,000. Should he put $2,000 in the car to keep it running or buy something else?

Toggle Show Transcript

Upside Down and Selling

Jay wants to know how to get rid of a car when he is upside down on it and it is worth less than what he owes.

Toggle Show Transcript