Buying out my lease with shitty credit
#81
Drifting
Thread Starter
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!
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!
#82
Drifting
Thread Starter
hahaha im not a thug ;P
#84
Racer
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.
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