My parent told me that they wont pay for my lease car anymore, and I am student. I do not know what to do. I do not want to loose my credit which is excellent.
Thank you
2007-12-28 17:22:12 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
Uh, you might want to find a way to pay it. If your credit is that excellent, try refinancing to lower your payment. And get student loans to pay your expenses. But get a job. You may have to go to school part time and work more to pay your bills.
But don't depend on mom and dad to support you. You are an adult now and need to make adult decisions and do adult things. Paying your own way is a big part of that.
2007-12-28 17:31:20 · answer #1 · answered by Meghan 7 · 1⤊ 0⤋
1
2016-09-26 13:51:50 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Sell the leased car and get yourself a beater.
If you can't make the car payments yourself, you have way too much car. Sacrifice a little now, and never be roped into making payments on a car again!
Leasing is an expensive way to rent a car, and you don't even have a car at the end.
Financing is a lousy way to get a car you can't actually afford, and pay interest to boot.
Check out the video below to learn the smart way to buy cars, and never be locked into the embarrasing situation of dumping a car because you can't make the payment.
Do you own the car ... or does the financier own YOU?
2007-12-28 19:23:16 · answer #3 · answered by Jaclyn&Dave 5 · 0⤊ 0⤋
*snort*
Not paying affects your credit. After the car is repoed, the repo can stay on your credit history for 7 years.
2007-12-28 17:28:21 · answer #4 · answered by Anonymous · 1⤊ 0⤋
If the lease is in your name, and you default, it will kill your credit big time.
2007-12-28 17:31:02 · answer #5 · answered by clawedlemew 3 · 1⤊ 0⤋
If the car is in your name then yes. (you must be 18 for it to be in your name) I would suggest weather it is or isn't in your name to get a job if you want to keep your car.
2007-12-28 17:39:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋
first of all is the loan in your name or your parents or both?
If yours. Yes of course it will damage your credit.
If parents it wont affect your credit.
If both your parents would be well advised to take care of it somehow
2007-12-28 17:31:31 · answer #7 · answered by Mike M 4 · 0⤊ 0⤋
you will be screwed try to find someone to take over your lease there are sites for it as well as try craigslist
2007-12-28 18:44:43 · answer #8 · answered by Anonymous · 0⤊ 0⤋