I must pay $6k to purchase the residual of my leased vehicle and am a student with little income. Any ideas?
I do work, but the American Bar Association only allows me to work 20 hours a week. I can make monthly payments with savings and loans, but can’t qualify for financing because my income is too low. What should I do?
Tagged with: american bar association • savings and loans
Filed under: Residual Income Models
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Get your parents to co-sign.
Try a bank or credit union. A credit union did my most recent car deal, on favorable terms. If that fails, return the car and buy something cheap; financing is available.
Uh, turn it in and lease another car!
Give the car back to the lease company.
A CO-SIGNER IS YOUR ONLY WAY AROUND THIS BUT DON’T LEAVE THE CO-SIGNER HOLDING THE BAG IF SOMETHING GOES WRONG.