Buying out my lease with shitty credit

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Old 12-05-2012, 10:33 AM
  #81  
Drifting
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Originally Posted by AnyaBoo
Actually for me it saved me $50 bucks a month which is more than two star bucks runs a month. And I don't think most folks totally their car while leasing so that scenario is worst case. In my case, my $1,000 down is not lost assuming I won't total the car. If the car is totaled, I'm losing more than just my down payment.

The choice to lease or buy and then how to lease (in other words, continue leasing or lease to buyout the car) is based on personal economic factors as well as deals/promotions at the dealer. For me, $1,000 down was a good decision as it lowered my payments by $50 bucks per month which allowed me offset for a maintenance plan, tinted windows, clear bra, and some other things I wanted done to the car. If I bought, I wouldn't have added those things as I don't believe in $700 per month car payments.

It worked for me!
i experienced that worse case scenario and totaled my first 09 tsx lease. originally i did qualify for finance at 650 FICO but the payments were over $590 and i was expecting my first kid. thats why i decided to lease it for $400 with the intention of buying in the future.
Old 12-05-2012, 10:35 AM
  #82  
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Originally Posted by KillerG
They came after me because my thread was too big man, its a conspiracy, I tell you what



Defcon, i am surprised noone has stated the obvious, but have you considered using your guns to shoot your creditors and then receiving your car for free like that?
hahaha im not a thug ;P
Old 12-05-2012, 01:47 PM
  #83  
David_Dude
 
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Defcon, I'm sure you'll have all figured out soon enough. Good luck to you man.

Originally Posted by KillerG
Defcon, i am surprised noone has stated the obvious, but have you considered using your guns to shoot your creditors and then receiving your car for free like that?

Old 12-06-2012, 07:04 AM
  #84  
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Originally Posted by defconskylude
i experienced that worse case scenario and totaled my first 09 tsx lease. originally i did qualify for finance at 650 FICO but the payments were over $590 and i was expecting my first kid. thats why i decided to lease it for $400 with the intention of buying in the future.
Man that sucks! I am glad you and the family are OK after that. I have never been in a major accident but it doesn't mean it will never happen. Leasing higher end cars is a much better value than leasing lower end cars because of the residual value and the lower payments make a big difference. There are many out there that super high end cars for $800-1,000 per month. Not batting them but I couldn't do it. I prefer as much cash flow as enjoyably possible with the understanding that enjoying an new Acura is a joy in itself. My husband wants a TL next year so I had to make room for that. Luckily for me, he wants a 3rd Gen
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