Hammer: Debtors fiercely resist downgrading expensive cars despite $40,000 net gains
Caleb Hammer · The #1 Money Habit That Separates Winners from Losers | Caleb Hammer · Jul 13, 2026 · at 50:58
Caleb Hammer, host of Financial Audit, discusses with Codie Sanchez the irrational consumer purchases and debt items that audit guests defend most stubbornly.
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“People just like, when I can get them to actually relatively break even on the car, then go borrow for a 10,000 dollar car, and they make like a net gain of 40,000 dollars, they'll fight me to the bone.”
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