DAVE RAMSEY: Use road warrior rule, buy better car with cash

Q. I’m trying to get out of debt. I make good money and do consulting for a living. I put about 4,000 miles a month on my car. It’s a 2012 model, and I currently owe more on it than it’s worth. I’ve considered selling it, but I’m concerned about reliability since I’m on the road so much. Do you have any advice?

A. Rule of thumb No. 1 when it comes to your finances is you don’t want too much of your financial picture tied up in things that are going down in value. Specifically, no one needs to have more than half of their annual income tied up in things that go down in value.

You’re a road warrior, so whatever you drive you’re going to destroy. From a business perspective, you need a relatively low-mileage vehicle with good gas mileage that’s reliable and safe. You also want something that’s reasonably comfortable. Having said that, I would advise doing a lot of research and getting the least in car that meets all those criteria.

Since whatever you drive is going to be worth nothing………..