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Financial expert Dave Ramsey: Only buy what you can pay for in cash

Benzinga
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Financial expert Dave Ramsey has a straightforward answer: only buy what you can pay for in cash.

Financing financing a $ 30,000 car for five years at 6.6% interest would add over $5,300 in extra costs.

Ramsey suggests avoiding new cars unless you have a net worth of at least one million dollars .