I must pay $6k to purchase the residual of my leased vehicle and am a student with little income. Any ideas?

January 13, 2008 – 6:40 pm
Elder asked:


I do work, but the American Bar Association only allows me to work 20 hours a week. I can make monthly payments with savings and loans, but can’t qualify for financing because my income is too low. What should I do?

Durwin
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  1. 5 Responses to “I must pay $6k to purchase the residual of my leased vehicle and am a student with little income. Any ideas?”

  2. Get your parents to co-sign.

    By soaplakegirl on Jan 14, 2008

  3. Try a bank or credit union. A credit union did my most recent car deal, on favorable terms. If that fails, return the car and buy something cheap; financing is available.

    By rhsaunders on Jan 17, 2008

  4. Uh, turn it in and lease another car!

    By Shaq iz Phat on Jan 20, 2008

  5. Give the car back to the lease company.

    By mccoyblues on Jan 21, 2008

  6. A CO-SIGNER IS YOUR ONLY WAY AROUND THIS BUT DON’T LEAVE THE CO-SIGNER HOLDING THE BAG IF SOMETHING GOES WRONG.

    By UCANTCME on Jan 22, 2008

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