Life Church shares this sermon and message by Pastor Dave Ramsey titled “How to Take Hold of Your Money” and it is not a message you will want to miss. The personal finance advisor and author in this session teaches that money can be awkward to talk about and difficult to understand. He said that how we spend our money often determines how we spend our lives. According to the Pastor, herein you will learn what the Bible says about finances and gain some practical tools that will give you the freedom to say, “Keep the Change!”
Teaching on “Car Lease” , Dave Ramsey wrote o Instagram:
“When you give the leased car back, you will have paid the car company more than the car has depreciated during that time. During the lease, you’re also maintaining the car as if you owned it, but you’ll get charged fees for excessive wear and tear, or if you put too many miles on it. For example, if you paid $24,000 over the life of the lease, and it went down $15,000 in value during that time, then it cost YOU an extra $9,000 to lease the car for that period of time. That’s their profit.
Another thing is that the interest rates on a vehicle lease are not disclosed because the Federal Trade Commission doesn’t define a lease as a debt, so there is no federal disclosure required. Therefore, you have no truth in lending disclosure sheet provided. The interest rates you get charged are unbelievably high. That’s where you’ll realize you got screwed over.
People get sold automobile leases because they are told that it’s what sophisticated people do.
Don’t fall for it! Pay cash for a car you can AFFORD.”
Watch and learn from this message by Pastor Dave Ramsey – How to Take Hold of Your Money – and not forget to always check in for the latest sermons from pastors around the globe daily.
Credit – Life Church YouTube / life.church