Can I Buy a Tesla Before I Buy a House? episode artwork

EPISODE · Aug 12, 2020 · 7 MIN

Can I Buy a Tesla Before I Buy a House?

from The Ramsey Show Highlights · host Ramsey Network

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Can I Buy a Tesla Before I Buy a House?

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TRANSCRIPT · AUTO-GENERATED

It's Wednesday and this is the Ramsey Call of the Day. Part of the Ramsey Network. Joining me today is Ramsey Personality, Rachel Cruz. Brandon is with us in Seattle.

Hey, Brandon, how are you? Hey, I'm good. Thanks for taking my call today, Rachel. Hey, what's up?

Hey, so my question is if I should buy a Tesla, if I don't... Are you there? Oh, no, Brandon. Oh, okay.

Oh, wait, you're cutting in and out. You're cutting in and out. You're still there? Yes, I'm still here.

Can you hear me? Okay. I'm worried about your buying a high-tech Tesla when your phone doesn't work. Okay.

Um, so... So... Alright, your question is, can you buy a Tesla? What?

Can I buy a Tesla if I don't have a house? So I can have a house and in a few years, probably one have a house. Okay. Well, what's your financial situation?

Uh, yes. My financial situation is, I guess, income is around 240K a year. Uh, maybe 40% of that is in company stock. Um, currently, like, my debt is paid off.

So I have about 30 of that or maybe a little over in a truck that I can sell to the poor at that. Okay, so you're going to pay cash for a Tesla? How much is the Tesla? You're looking at it.

Uh, so if you just, so it would probably be, uh, maybe around 60. Okay. Well, I don't think it matters whether it's a Tesla or not. Can I make $240,000 a year, I'm single and I'm completely debt free and I have the cash to buy a $60,000 car.

Is that okay? Yeah. That's the question. Yeah.

I think so. Yeah. I do have a girlfriend but I'm not here. Yeah, what's wrong with me?

But again, for a while, so it could be like, I guess what I do. I'm just saying, you know, you don't have, uh, you don't have children, you don't have a bunch of responsibilities, you don't have something else going on. You make a ton of money, you're buying a $60,000 car and you make $240 a year, right? Yes, that's it.

Right? I'm a little jealous. Tesla's kind of my, I'm not a car person. I'm impressed with Tesla's and I'm gonna lie.

So I, I'm, I'm all for you. Financially, 100% but I also think it's a really cool car and I'm not a car person. So I think it's great. Yeah.

Most Tesla people aren't car people. What does that mean? It's the fastest car on the road. Do you know what they're not car people?

I mean, it's a battery. Have you been in a Tesla for? No, have you been in one? It's a battery wheel.

I'm being a real right now. Have you been in one? Have you been in one? Have you been in one?

Have you sat in one drive one? No, I have not. I have to hear something running. No, I'm in a car.

It's a run. Definitely. Definitely. I don't know that.

You get in one and it's just, there's nothing. You might have known that mufflers. You might have known that mufflers. It's pretty impressive.

I'm not gonna lie. So I think that's, I think that's, you know, most of the guys that I know that love them are, they're tech guys. So, and he's Seattle, so I don't doubt it. Get your Tesla run.

Yeah, I see them all. Rachel, Rachel, highly. Rachel's endorsing testing them. They're really cool.

Hey, you cannot, hey, if you've not set and drove in one, they come. It's listen, if you want one, I'll get you one. I'm gonna go get back to calls. We'll get back to calls, but they're the thing.

Oh, man, I forgot it now. They call it some kind of mode. Oh, shoot. Rocket mode.

Yeah, it's called, it's something. You turn it on and you put your foot on the gas. You did it? You did it.

You literally, you did the demo drive where they sell you. No, no, no, no, no. I was completely sold you. Shoot.

It's called a phrase. I've read it. I've heard of this. It's part of the demo.

It's insane. You literally have like vertigo. You literally feel like you're on a road. I was with a guy that's not the new Porsche, the new battery Porsche.

Not a Tesla though. No, no. I'm providing free fuel to some team members but not to others. We'll onboard that.

Everybody in the booth wants a new gas bank install. We'll work on the EPA on that. That's going to work. It's much more expensive to charge up the car.

It is where they are. No, it's either way. No. No, I just think it's interesting how that works culturally that I know whatever thought that there was anything wrong with me paying for that.

It can cause that much though. No, but I'm not right about it. It's just interesting to me that I'm supposed to do that culturally as owner of the building. I'm supposed to provide electric for electric cars, but the poor gas people, you know, I don't get it.

It's just very interesting. So yeah, get your Tesla dude. Rachel highly recommends and put it in whatever that mode is that she's talking about. I know all the Tesla.

I'm sure they'll be tweeting. Oh, I'll give one out for days over this. All right. Give you one more thing to be pissed off at the most.

Listen, I want something with a muffler and a big engine. I can't even stand the fact that that Raptor has a little tiny six cylinder in it. It's a tiny little six. I had to put booster.

I don't really. Yeah. See until you sit in one and drive one. I have to admit that is a valid argument.

I have not sat in one and I've not driven one and I do have good. I have good friends who are totally geeked out about them. It's fine. I did love that Malloy when he spoke the guy's president Ford called him a battery with wheels.

Thank you Kelly. That's it. Sounds like a rapper. Yes.

Thanks for tuning in to the Ramsey call of the day. Check out all of our podcast. Just search Ramsey Network on Apple Podcast Spotify or wherever you listen.

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This episode is 7 minutes long.

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This episode was published on August 12, 2020.

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The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey...

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