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Dave Ramsey says a millionaire calling his show tried to justify taking out a loan for a $223,000 McLaren while earning $200,000 a year ​Caller: "Looking to purchase a McLaren 600LT Spider. The car is 223,000." ​Dave Ramsey: "Well, that's just a couple hundred grand. Good for you!" ​Caller: "The cost is 223,000. I think I'm in a good financial position to afford the car." ​Rachel Cruze: "What's your net worth?" ​Caller: "Around 1.4 million right now." ​Rachel Cruze: "Are you paying cash for the car?" ​Caller: "I can, but I know that there's also benefits with a leasing structure. I own a small tech company, and I'm earning about 5.3% right now on my high-yield interest savings account. I've got $15,000 on another auto loan, but that's locked in at 3.5% right now." ​Rachel Cruze: "Did you say you have a $15,000 loan laying around? Why?" ​Caller: "The big reason why I'm not paying it off is because it's locked in at 3.5%." ​Rachel Cruze: "But it'd be locked in at zero!" ​Dave Ramsey: "Have you factored in the depreciation? You're taking a 5% count against your 3.5%, but your car is going down in value. You're a millionaire! You have a $15,000 car debt? What are you doing?" ​Rachel Cruze: "What's your income every year?" ​Caller: "Salary with my company is about 110,000 a year, and then I pull a bonus between 90,000 and 120,000 a year." ​Rachel Cruze: "Okay, so that puts you at about 200,000 a year." ​Dave Ramsey: "You're going to spend that in a day!"

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