My car is costing me too much money...
2006-08-06 00:47:51 · 6 answers · asked by petethefootman 1 in Cars & Transportation ➔ Car Makes ➔ Ford
Liquidate it! It will end up costing you something up front but it will save you in the long run. Lease's are designed to keep the vehicle's current value even with it's depreciation over time. Call the dealer and see if they will be willing to get you into something cheaper and take in your current vehicle. Check with multiple dealers! Good Luck!
2006-08-06 00:56:15 · answer #1 · answered by melvin m 3 · 0⤊ 0⤋
You might want to see if there are any programs that allow you to "pull ahead" on your lease. Domestic automakers were pretty receptive to this idea for awhile; but I haven't heard of any as of late. As some others have pointed out and what you might have already guessed; leasing is not a cost-effective way to have wheels.
I went to a dealer to buy a used car and he tried to rook me into leasing a Chrysler Pacifica (a vehicle that screams excess), for about $600 a month. This is approaching my rent payment. Needless to a say, my wife and I went to another dealer and got her a used car with under 20,000 miles and an extended warranty.
If you can't get out of the lease; you may have to chalk it up to experience. You may percieve the dealer and manufacturer as evil and I can't blame you. But the truth is that many people get into a lease with the wrong idea. It's because they have little money in the first place and see that "low" payment.
Leasing is really more for people of means; and a good rule of thumb is if you can't afford to buy the car, than you can't afford to lease it either. Pay it up if you can't get out of it. If this is a real burden, than I would consult an attorney or credit counseling firm (do your research this time) about getting into a debt management program to protect your credit rating.
This sounds to me like you're having some other financial difficulties as well, and looking for ways to cut the expenses.
When you get out from under that car, get a used one that's truly within your budget. Buy an extended warranty from the manufacturer. This will help ease the reliabilty concerns of a used car, as there are no cheap repairs anymore. Mine has saved me $8000 dollars in one year of driving. Hope this helps.
2006-08-06 08:39:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Get yourself out of the lease rut.
That's the only way.
Find a vintage automobile that gets you cheap, reliable transportation that you will actually own.
Yeah, imagine that, you can own something that you can touch!
Leave the leasing to somebody else, or maybe if everyone stopped leasing, we could see the whole automobile indrustry collapse and we can start over again with vehicles that don't use gas.
Now, ain't that a good thought.
Wish I thought of that one.
2006-08-06 08:00:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Maybe you can change the lease to someone else, if they are willing, and the lease company will allow it.
2006-08-06 07:53:01 · answer #4 · answered by pa69oldfart 4 · 0⤊ 0⤋
Leave it parked in a dark alley with the keys in the ignition…
2006-08-06 07:53:51 · answer #5 · answered by psychoticlawnjockey 4 · 0⤊ 0⤋
nop
2006-08-06 10:15:03 · answer #6 · answered by jyd9999 6 · 0⤊ 0⤋