The Ramsey Show Highlights I'm $40k Upside Down On An RV
Nov 29, 2025
In this episode, Sean calls in seeking help after finding himself $40,000 upside down on an RV he bought. He shares his attempts to value and sell the vehicle, facing harsh depreciation from $54,000 to just $40,000. The discussion dives into his overall financial health, including $25,000 in credit card debt. Dave Ramsey emphasizes the concept of 'stupid tax' and guides Sean on the importance of aggressive repayment strategies and financial discipline, encouraging him to prioritize becoming debt-free.
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Bought RV As A Substitute For A Home
- Sean and his wife bought a $100,000 fifth-wheel RV when she was a travel nurse and planned to treat it like a house.
- When they tried to sell it after settling down they discovered it was worth only $40,000, leaving them $40,000 upside down.
Sell If Possible And Cover The Shortfall
- Dave recommends selling the RV if someone will take it and paying the difference with a smaller loan if needed.
- He also suggests saving cash to avoid taking another loan when possible.
RVs Depreciate Steeply — A Costly Mistake
- Dave calls this kind of loss the 'stupid tax' and highlights how painful it can be.
- He emphasizes there's no quick fix and depreciation on motorized vehicles plummets compared to real estate.