Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
A San Francisco Uber driver thought bigger vehicles would lead to bigger paydays. Instead, the strategy left him buried under two car loans, falling behind on payments and asking personal finance expert Dave Ramsey whether voluntarily giving the cars back was the least painful option left.
During an episode of “The Ramsey Show,” Ramsey and co-host Jade Warshaw spoke with Joseph, a 29-year-old gig worker who financed nearly $144,000 worth of vehicles while trying to increase his Uber earnings during the post-pandemic rideshare boom.
The trouble started after Joseph financed a Honda CR-V for nearly $60,000 during the inflated…