He is young, so in order to get approved he probably needed that amount as well. typically credit criminals have to put a lot of money down on a lease in order to get approved.
Quote:
Originally Posted by thill
My advice:
- Never ever put down more than $1K max on a lease. I still don't understand why you put $5K down (I am guessing to lower the monthly payments). You could have put down under $1K and used the rest of the money to cover 12+ months of payments or things like your insurance going up.
- If the only way you can afford a car is to lease it, don't. Period.
- If you have a history of accidents and tickets, don't buy/lease a sports car until you can clean up your record.
- If you have to work two jobs just to drive a certain car my opinion is that your priorities are off.
- This car is like having a ball and chain strapped to you now. You need to find a way to get out of your lease and, as other mentioned, try some public transit for awhile until you can save up some money and get a used safe car. No matter what you drive your insurance is going to be crazy expensive, but at least buy a used car that you can pay cash for and not make payments on. You also wont need nearly as much insurance coverage.
- You clearly need to take more driving classes. I know you are in denial that the problem is not you, but it really is you. Talk to the insurance companies and the DMV and see if there is a way to get some points taken off if you take certain classes.
- If you do all the above and focus on finishing your school there is no reason why you cannot get a car like the FR-S later down the road. Now is clearly not the right time based on your past driving history and current income.
- Lastly, you need to be more humble and man up. You made the mess, you can clean it up. There is no easy solution here to keep your current car. You made some mistakes and you can correct them. It is just a damn car.
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