A couple with zero savings owns three cars: a $35k Supra, an Acura for commuting, and a Toyota Tacoma with 175,000 miles. Ramit Sethi pushes them on why they're holding onto vehicles they don't need while having no emergency fund.
Well, we have three cars. Two adults, three cars. What am I missing?
She got a new car.
What car? A supra. How much?
35.
Her old car, it's an Acura.
I use it.
I commute with it. So it's kind of.
Like the beater car. Okay, what's number three? The Toyota.
Tacoma, which was my primary car. It has 175,000 miles. I just want to use it as needed.
So what's the conclusion? What are you doing with it? I use it to commute.
I want to get rid of it.
How do you make this decision?
This conversation came up, this exact one. Paul speaks in very extreme, like, I need this. I need this other car. And it's like. Doesn't feel like there's room for negotiation.
You guys realize you have three cars for two adults.
