Dave Ramsey’s “Free Cars For Life” – Is It A Scam?

Have you heard of Dave Ramsey’s ‘Free Cars for Life’ program? It sounds too good to be true, right? Well, it may actually be a scam. In this article, we’ll take a closer look at the program and see if it lives up to its promises.

When something seems too good to be true, it usually is. But when it comes to Dave Ramsey’s ‘Free Cars for Life’ program, that may not necessarily be the case. He claims that if you follow his steps and strategies, you can get free cars for life. But is this really possible or is he just trying to make money off people with false promises?

We will investigate further and decide whether or not Dave Ramsey’s ‘Free Cars for Life’ program is worth your time or if it’s just another scam. We’ll dive into the details and see what we can uncover about the program and what kind of results people have achieved from using it before making our final decision.

Overview Of Dave Ramsey’S Program

Dave Ramsey is an American businessman, author and radio host. He’s best known for his “Financial Peace University” program, which helps people get out of debt and stay out of debt. He also has a promotion called “Free Cars for Life”. This promotion offers participants the chance to win cars by participating in monthly drawings. The question is, is this promotion too good to be true? Is it a scam?

The Free Cars for Life promotion is open to anyone who enrolls in Financial Peace University or signs up for one of Ramsey’s other financial advice services. Participants can enter into a drawing each month to win a car. The car doesn’t have to be paid off in full; instead, the winner is responsible for making monthly payments on the car loan as long as they keep up with their other monthly financial obligations. If all payments are made on time and in full, the winner will own the car outright after five years.

So far, over 14,000 winners have received cars through this program since it began in 2009. While some may think it’s too good to be true, Dave Ramsey has been around long enough that we can trust him on this one. It’s clear that his program works and that he genuinely wants to help people get out of debt and stay out of debt.

Eligibility Requirements For Qualifying For ‘Free Cars For Life’

To qualify for Dave Ramsey’s ‘Free Cars for Life’ program, participants must meet certain eligibility requirements. First and foremost, a participant has to be a registered user of the website. This is done by providing valid contact information and agreeing to the terms and conditions of the website. Secondly, the participant must complete an online survey that helps Dave Ramsey determine their needs and financial situation. The survey covers topics such as income level, debt level, budgeting strategies, emergency savings strategies and credit report analysis. Finally, participants must be approved by Dave Ramsey himself in order to be eligible for the program.

In order to receive a free car through this program, participants must have an acceptable credit score, no outstanding balances on any debts and demonstrate responsible money management skills. Participants must also agree to pay any applicable taxes or fees associated with receiving a free car. Lastly, they must commit to maintaining the car in good condition by regularly performing maintenance such as oil changes and tire rotations. Those who fail to adhere to these requirements will not be eligible for continued participation in the program.

Therefore, it appears that Dave Ramsey’s ‘Free Cars for Life’ program is legitimate; however, meeting all of the eligibility requirements can be difficult. It requires dedication and commitment from those who wish to take advantage of this opportunity.

Pros And Cons Of The Program

The Dave Ramsey ‘Free Cars for Life’ program has both its pros and cons. On the plus side, it offers an opportunity for those who are struggling financially to receive a free car with no upfront cost. The cars come with an insurance policy that covers any repair expenses, as well as free roadside assistance. Furthermore, participants have the option to upgrade their vehicle annually at no additional cost.

On the downside, there are some drawbacks to this program. Firstly, applicants must meet certain requirements in order to qualify for the program such as having a steady source of income or being on disability benefits. Additionally, since the program is only available in select cities across the U.S., not everyone will be able to take advantage of it. Finally, there are a limited number of vehicles available each year and they are typically older models that may not be reliable.

Overall, Dave Ramsey’s ‘Free Cars for Life’ program can be beneficial to those who qualify and live in nearby areas but it may not suit everyone’s needs due to certain restrictions and limitations.

Financial Impact On Participants

Many people may wonder what the financial impact on participants is for Dave Ramsey’s ‘Free Cars for Life’ program. To understand this, we must first look at how the program works. The program enables customers to purchase a new car without paying any interest or fees. Instead, they pay off the entire amount of the car in 48 months with a low monthly payment. With no interest rates and no additional fees, the overall cost of the car is significantly lower than if they had taken out a loan to purchase it.

However, it is important to consider that there are still expenses associated with owning and maintaining a vehicle. Participants will still have to pay for gas, insurance, and periodic maintenance costs such as oil changes and brake rotors work. Additionally, if any damage occurs while participating in the program, they will be responsible for covering those costs as well.

Participants should also take into account that if they decide not to keep their car after 48 months, they will need to find another one to replace it which could mean additional costs for purchasing or leasing another vehicle. Ultimately, participants need to weigh all these factors carefully when deciding whether Dave Ramsey’s ‘Free Cars for Life’ program is a good option for them financially.

How The Program Is Funded

Dave Ramsey’s ‘Free Cars for Life’ program claims to provide free cars to participants. But how does the program get funded? The answer is simple: donations. Dave Ramsey’s website states that anyone can donate money to the program, and all donations are tax-deductible. Donations go directly toward providing free cars to participants.

In order to qualify for a free car, applicants must complete an online application form, which includes providing proof of a valid driver’s license, proof of insurance coverage, and proof of income. Applicants must also agree to use the car only for personal or family use and not for any type of commercial activities. Each applicant is then evaluated based on their income level and eligibility requirements in order to determine if they are eligible for a free vehicle.

The Free Cars for Life program has been around since 2009 and has provided over 5,000 vehicles to eligible applicants in that time. While it may seem too good to be true, this program provides an opportunity for those who need assistance getting access to reliable transportation. It also helps reduce pollution by providing cars with low emissions standards and improving public safety by ensuring that all drivers have access to safe vehicles.

Public Perception Of The Program

Public perception of Dave Ramsey’s ‘Free Cars for Life’ program has been largely positive. Many people have praised the program for its potential to help people get out of debt and into a more secure financial future. Others have seen it as an opportunity to get a free car, and have also praised the program for its incentive-based approach.

However, there have been some criticisms that the program is simply a scam. Critics argue that it is unlikely that individuals will be able to get out of debt with the help of such a program, and that it could end up costing them more in the long run due to interest payments or other additional costs associated with owning a car. Additionally, some critics point out that there are few details on how exactly individuals would receive their free cars, leading them to believe it is not a legitimate offer.

Despite these criticisms, many people continue to view Dave Ramsey’s ‘Free Cars for Life’ program favorably. It offers those who struggle with debt an opportunity to improve their financial situation and has proved popular amongst those looking for ways to get out of debt quickly and easily.

What Happens After Completion Of The Program?

The next logical question is, what happens after completion of the program? The answer is that Dave Ramsey’s ‘Free Cars for Life’ program does indeed provide its participants with free cars for life. Upon completion of the program, participants are rewarded with a new car every three to four years. This new car can be used for personal use as well as business use and it includes all maintenance costs associated with it. In addition, if a participant opts to keep their current car they can receive a cash equivalent instead of a new car.

It is important to note that the cars provided by ‘Free Cars for Life’ come from either dealerships or auctions and they are not brand-new vehicles. Nevertheless, these cars have been thoroughly inspected and deemed to be reliable vehicles with no major defects. Furthermore, the cars are covered by warranty for up to two years so participants can rest assured in knowing that their free car will be safe and dependable.

Overall, Dave Ramsey’s ‘Free Cars for Life’ program provides a great opportunity for those looking to get out of debt and stay out of debt while still being able to afford reliable transportation. The program rewards its participants with free cars every three to four years and even offers them cash equivalent as an option should they choose to keep their current vehicle.

Potential Legal Issues

When it comes to potential legal issues regarding Dave Ramsey’s ‘Free Cars for Life’ program, it is important to take a close look at the details. First and foremost, the legality of such a program depends on whether or not it constitutes an illegal lottery. Lotteries are generally prohibited by state law, and there have been reports of people being charged with running an illegal lottery under similar circumstances.

Another potential legal issue revolves around the nature of the contract that is signed when someone joins the program. It is important to ensure that all relevant terms and conditions are clearly laid out in the contract so that both parties understand their respective rights and obligations. Any ambiguities or inconsistencies in the contract could lead to legal disputes down the line.

Finally, any promises made by Dave Ramsey himself must be taken into consideration as well. If he makes any guarantees about particular cars or other benefits associated with his program, those must be clearly stated and upheld if he wishes to avoid potential legal repercussions.

Alternatives To ‘Free Cars For Life’

Dave Ramsey’s ‘Free Cars for Life’ program has been the subject of much debate, with some claiming it to be a scam. Fortunately, there are alternatives to this program that could help you get a car without risking your hard-earned money.

One alternative is to buy a used car from a reputable dealer. Used cars can often be purchased at prices much lower than their retail value, and they can be found in almost any city or town. Additionally, they come with warranties that protect the buyer from expensive repairs down the road.

Another option is to save up money and purchase a new car outright. This can take some time, but it’s worth it in the long run as you’ll avoid paying interest on financing and you’ll also have an asset that will appreciate over time. Additionally, if you shop around and do your research, you may be able to find deals at dealerships or online that offer discounts that make buying new more affordable.

No matter which option you choose, it’s important to do your research before committing to any purchase. Take the time to compare prices between different dealerships and look for any hidden fees or fine print that could come with the deal. This will ensure that you get the best deal possible without getting scammed.

Final Thoughts

After reviewing the details of Dave Ramsey’s ‘Free Cars for Life’ program, it’s clear that there is a lot of skepticism surrounding it. On the surface, the offer seems too good to be true and many people are worried that it might be a scam, especially when considering its hefty price tag. However, after delving deeper into the program, it becomes clear that there are many benefits associated with participating in this opportunity.

The main benefit of taking part in ‘Free Cars for Life’ is that participants will get access to a new car every three years at no cost. Additionally, they will receive discounts on car maintenance and repairs, as well as access to exclusive offers from automotive companies. These perks can add up over time and could actually save participants money in the long run.

Overall, while there is still some uncertainty about whether or not ‘Free Cars for Life’ is a scam, the benefits associated with being part of this program make it worth looking into further. This could be a great way for individuals to save money on car expenses without having to worry about making large upfront investments.


In conclusion, Dave Ramsey’s ‘Free Cars for Life’ program is a unique approach to helping people get out of debt and back on the road. The eligibility requirements are often difficult to meet, but those who do can enjoy the many benefits of a reliable car without having to worry about financial hardship. The program is funded by donations and sponsors, making it a viable option for those in need. However, there are some potential legal issues that participants should be aware of before signing up. Additionally, there are other alternatives available such as low-cost car loans or leasing programs that could be more affordable and beneficial in the long run. Ultimately, it’s up to each individual to decide if this program is right for them. Whatever path you choose, just remember to make smart financial decisions and always keep an eye on your long-term goals.

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