Doesn't look good on buying a truck.

Woa man woa! If you are in such great financial shape as not to have a mortgage or a car payment or anything else, then you should be able to save 20 grand this year and any finance company will take you even without credit with that kind of downpayment. Be patient and save some bucks. You are a young man and a year in a company drivers seat will go by fast. You can do this man, just be patient and save.

 

Personally...Dave has a good idea. Too bad it isn't his, and he admits it.

I have to pay cash too. And no way in hell would I be looking for a truck right now, unless I could pay cash.

My credit is hosed, for the same reasons. I haven't bought but one thing on credit in the past 10 plus years. Even then I had to have a co-signer.

I look at my ZERO credit score as a good thing. It prevents me from making stupid mistakes.

Being debt free doesn't mean you can buy what you want, when you want. It simply means your free to buy things when you've saved the money. And you usually save at a much higher rate than someone in debt...or should anyway.

Company driver isn't all bad. At least it isn't if you get with the right company.

 

My credit isn't perfect and I was approved through Selectrucks. I wish I hadn't at this point, but that neither here nor there. They should be able to tell you pretty quicky if it's yes or no.

 

HUHH?!?! being debt free stupid?
i guess you fell off the wagon trying to buy a truck on credit LOL
i admit, dave sets a hard standard to follow but it is a valid plan my friend!

 

EXCELLENT post man! I agree, there is no way in HELL I would try and buy a truck right now UNLESS I had a rock-solid contract with the Government or something. No WAY. Anyway, I really like Dave Ramsey, but I disagree with him on NOT having a credit card. Look, I NEVER buy anything unless I have the cash for it. But, I DO buy it on one of the 3 credit cards I have and THEN pay it off at the end of the month. I can understand why Dave says this as some don't have the willpower I have to do this. But, I have an 820 credit rating and am debt-free. All I owe is $29,000 on my house (no getting away from having a house...even Dave says). I should have house paid off within a year I think...why? Because I live debt-free and don't run around using credit and buying frivolous junk all the time like most Americans. I don't need it! And, if I don't have the cash...I will not buy it, period.

I do not NEED a fancy new car...I bought a great one with CASH. A lady where I work just bought another Yukon yesterday with a freaking $640 monthly payment! A USED one! Amazing! That is lunacy! It never ceases to amaze me the absolute stupidity of Americans. We are FAST going into a depression and what in HELL would make you think to get a $640 payment now???

I am here to tell you...we are coming into a depression and I saw this YEARS ago. I looked around me and said WHOA...I have got to get out of debt and off the road! Shoot, it was all around me and obvious as HELL. And, that was years ago. Yes, I listened to Dave Ramsey and got out of debt...but kept my cards to use, not for debt but for regular purchases and then pay them off every time knowing what I have, etc. I sold my Jeep Grand Cherokee for cash and got a car with 98,000 miles on it for $3500 cash and it was immaculate. I thank GOD he gave me the sense to do this now! And, I thank Dave for pushing the debt-free! I feel GREAT being debt-free ESPECIALLY right now! I see people struggling because of their stupidity right now and I breath free. PHEW!

There is no excuse for being in debt. NONE. Excepting the fact of some emergency health bill or something. Other than that, NONE. You do not need to be in debt.