Lewis HowesYour Personal 24/7 Greatness Coach

Car Payments Are Destroying Your Wealth

18 Jan 2026 · 0 min

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This content was created by Lewis Howes. This content was uploaded by Lewis Howes. This is a YouTube video titled "Car Payments Are Destroying Your Wealth" (created 2026-01-18T14:01:24Z). The excerpt is a personal-finance commentary by a single speaker (labeled SPEAKER A) warning against financing or paying cash for very expensive, rapidly depreciating cars. The speaker explains the math using a $100,000 car that can lose roughly 60% of its value in five years (dropping to ~$40,000), and cautions that taking payments means paying interest on a depreciating asset and relying on the risky assumption that markets will always rise.

If you have $100,000 in cash and you're going to get $100,000 car, be like, well, I could just take on the payments. If you're actually doing the math, it just doesn't make sense because number one, you're assuming the market's just going to keep going up and up and up. I'll always make money. That's a dangerous game. But on the other side, when you look at that hundred thousand dollar car, in five years it goes down 60% in value. So $100,000 down to $40,000. So you're paying interest on the depreciating asset. You're getting hurt on both ends there.