I must pay $6k to purchase the residual of my leased vehicle and am a student with little income. Any ideas?

I must pay $6k to purchase the residual of my leased vehicle and am a student with little income. Any ideas?

Elder asked:


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?

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This entry was posted on Saturday, April 11th, 2009 at 10:45 pm and is filed under Income Ideas. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

5 Responses to “I must pay $6k to purchase the residual of my leased vehicle and am a student with little income. Any ideas?”

1. soaplakegirl Says:
   April 13th, 2009 at 2:08 pm

   Get your parents to co-sign.

2. rhsaunders Says:
   April 15th, 2009 at 2:10 am

   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.

3. Shaq iz Phat Says:
   April 16th, 2009 at 8:59 am

   Uh, turn it in and lease another car!

4. mccoyblues Says:
   April 16th, 2009 at 5:42 pm

   Give the car back to the lease company.

5. UCANTCME Says:
   April 17th, 2009 at 11:28 am

   A CO-SIGNER IS YOUR ONLY WAY AROUND THIS BUT DON’T LEAVE THE CO-SIGNER HOLDING THE BAG IF SOMETHING GOES WRONG.