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Leased car turned in 8K more to pay.

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phil.ellis63
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Leased car turned in 8K more to pay.  Reply with quote  

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?
Post Mon Dec 03, 2012 12:54 am
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oldguy
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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?
Post Mon Dec 03, 2012 1:33 pm
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littleroc02us
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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)
Post Mon Dec 03, 2012 2:25 pm
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galvestonloans
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Live within your means. Surprised
Post Wed Dec 05, 2012 10:24 am
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