Idaho dad wants to use a $200K inheritance to buy himself a Harley. Here’s why Dave Ramsey worries he’s beyond help

Financial Situation - The household brings in approximately $85,000 annually but is spending about $1,000 more than their income each month [2] - The couple has a $200,000 inheritance, which is divided between a savings account and a mutual fund [2][3] Motorcycle Purchase Consideration - The motorcycle in question is a Harley-Davidson Low Rider S, priced at around $30,000 [1] - Dave Ramsey advises against the purchase, emphasizing the need to address existing financial obligations first [3] Depreciation and Costs - Motorcycles are depreciating assets, losing 15% to 25% of their value in the first year and an additional 7% to 10% in subsequent years [4] - The estimated value of the motorcycle after one year would be approximately $22,500 [4] - Additional costs include insurance, which averages around $164.23 for a 12-month policy in Idaho, along with gas and maintenance expenses [5] Opportunity Cost - Investing the $30,000 instead of purchasing the motorcycle could potentially yield $59,000 in 10 years at a 7% rate of return [6]