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Smart Shopper Owe more than it's worth... I'm upside down and I can't get up!
1160 messages, Last post on Oct 22, 2009 at 7:11 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: a5driver (Sep 01, 2007 11:15 am) Why? Why do you need to trade? Why do you NEED a lease? And what exactly is "enough room"? |
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Replying to: a5driver (Sep 02, 2007 5:57 am)
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Replying to: johnnyvolvo07 (Sep 04, 2007 10:54 am) |
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A friend's ex has hit the wall on this "let me use negative equity and...." scenario. Been doing the leases for years and managed to blow through his inheritance with it. Of course the next thing you hit is the house and do some real nice sub-prime borrowing. It's taken several years but they lost the house now and as near as I can tell are still digging. Choose to keep creating mountains of debt that you'll take care of eventually at your own risk. |
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Replying to: fezo (Sep 04, 2007 2:55 pm) But you don't understand... I WANT a new car! I NEED a new car! I DESERVE a new car. And by golly, I'm worth it! So don't try and confuse me with rational financial arguments; I NEED A NEW CAR!!!
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Replying to: roadburner (Sep 04, 2007 3:55 pm) |
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Replying to: roadburner (Sep 03, 2007 5:49 pm) 
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Replying to: fezo (Sep 04, 2007 2:55 pm) Wow, crash and burn, just like a lot of lottery winners (the paradigm also applies to other recipients of sudden wealth)... Can you even lease/finance a car (other than at a BHPH lot) with a foreclosure on your credit report?
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Replying to: corvette (Sep 18, 2007 12:56 pm) These folks managed to find a house in the next town over to rent. I can't imagine being the landlord. I feel sorry for their kids. They are adults - late 20s and early 30s - but that's gotta leave a mark seeing your dad go through that. The younger one still lives with my friend - her mom. Said mom is doing OK and paying off her house in the next couple of years and making a nice life with good credit on less money. It's all in the decisions. |
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Replying to: corvette (Sep 18, 2007 12:56 pm) Short term.. 24-30 month financing as well.
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