Raymond
Appearances
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
Hi, Ramsey. Thanks for having me. Sure. I was wondering, would it be worth for me to finance a vehicle? My vehicle is in the shop right now. It has a blown head gasket, and it also has a timing chain that needs to be replaced. It's going to cost me $4,000 to replace, and they can't find an engine for that vehicle because it's so old.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
Nope. 2012 Chevrolet Colorado. They said the engines are discontinued.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
They said they can find one, but it's going to be a used one.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
Right now, it's probably worth $4,000. Oh, I see.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
Probably the same thing, $4,000. That's what he's saying.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
Right now, I got $600 in savings. I got $10,000, or no, $11,000 in retirement.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
Yeah, I got $600 in savings, and then I got just a little over, right now, just right about $1,000 in checking.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
Well, the thing with this vehicle is I have a warranty on it. I bought a warranty package when I bought the vehicle. The vehicle is paid off cash. I have the title in hand. But I have an extended warranty on it. And right now they're going through to verify if they will cover anything on the vehicle under that warranty. Okay.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
And then once we have enough money to... What I have the problem is, is if they're going to say it's going to need a new engine, and they tell the warranty company that, where are they going to get an engine from? I don't know.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
Nope, I put oil in it. I do my regular maintenance on it.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
I've been living paycheck to paycheck since I was born.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
I'm actually on your guys' system right now.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
I have a mortgage. I bought a house for the first time. My mortgage is $342,000. What's the payment on that? $2278 a month.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
I got my mom helping. She lives with me. She co-signed the house with me. And she's paying her portion. She pays me $1,000 a month for her portion. I pay the rest.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
Well, come back to the work part. I have a problem with that because my mom works too. She works on the days that I don't work. And then she goes to work on the days that I don't work.
The Ramsey Show
Draw a Line in the Sand and Say “I’m Done!”
Yeah, so when I'm at work, she watches her, and then when she's at work, I watch her.