Caleb put $10,000 down on a lease to reach $240 monthly payments, then drove 4,000 miles over the cap with 13 months left.
Kamel explains leases charge you for a car's steepest depreciation years, leaving a large cash down payment with zero recoverable equity.
Kamel recommends a lease buyout as the best exit if the contract residual falls below market value, letting you sell the car for a profit.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
A caller named Caleb opened a recent Ramsey Show Highlights segment with a bit of a shocking statement: "I hate myself now after listening to you guys."

#caleb #lease #highlights