| Leased car turned in 8K more to pay. |
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phil.ellis63
First Time Poster
Cash: $ 0.25
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Joined: 03 Dec 2012
Location: Seattle Area
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| Leased car turned in 8K more to pay. |
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My wife leased a Mercedes then turned that one in for another piling debt on top of the new car. Now the car has been turned in early and we still owe over $8000.00 This was a corporation but she is personally guaranteed for the debt. How do I negotiate with Mercedes to pay this debt that is another car's worth of payments for...nothing?
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Mon Dec 03, 2012 12:54 am |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
How do I negotiate with Mercedes to pay this debt that is another car's worth of payments for...nothing?
lol - you don't have anything to offer in a negotiation, you borrowed $8000 from them, I would assume that they will want you to pay it back?
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Mon Dec 03, 2012 1:33 pm |
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littleroc02us
Moderator
Cash: $ 384.35
Posts: 1891
Joined: 09 Feb 2009
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Stop the bleeding, stop leasing, pay the bill. Leasing is the worst way to own a vehicle. I pay cash for used vehicles and don't have payments. Let's say you rent (lease a vehicle) for 3 years for $400 a month, if you invested that money for 30 years instead of constantly renting then you'd have $500k if you had returns of 8%. So why would ya rent???
Risk comes from not knowing what you're doing. (Warren Buffet)
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Mon Dec 03, 2012 2:25 pm |
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galvestonloans
First Time Poster
Cash: $ 0.20
Posts: 1
Joined: 05 Dec 2012
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Live within your means. 
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Wed Dec 05, 2012 10:24 am |
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