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Benzinga
Benzinga
Business
Ivy Grace

Dave Ramsey Says 'I Drive Very Nice, Very Expensive Cars' Now —But After Going Broke, Drove A 'Borrowed' Cadillac With 400,000 Miles And A Torn Roof

Dave Ramsey Cadillac EA SPORTS Instagram
Dave Ramsey Slams America's Obsession With 800 Credit Score

Most people see a new car as a milestone. For Dave Ramsey, it's a money pit that can swallow an entire fortune. And he's not speaking as someone who never made mistakes. In an Instagram post from 2023, the financial coach reminded his followers how easy it is to lose decades of wealth one car payment at a time.

"If you insist on driving new cars with payments your whole life, you will literally blow a life's fortune on them," Ramsey wrote. "If you are willing to sacrifice for a while, you can have your life's fortune and drive quality cars."

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