Had Perfect credit, Leased new Vehicle 11/2006- Lease 39 months, 515 a month.
Life happened, BK 7 Filed 11/07 - discharged 05/08- Kept leased vehicle throughout BK process, and payments have been kept up. I make good money, I have good steady employment 6years and throughout BK. Only other thing I have besides Rent/Utilites is a RV loan that has been kept current and survived the BK.
My Vehicle lease is up 02/2011 {39 months} I would like to keep the vehicle and I'm preparing to speak to my dealer in November to discuss my options. The risidual will be about 16k left at lease end. I can easilly afford the current monthly payment and even a little more. Of course I would like a seamless transaction in February but I understand that may not happen.
I'll be about 1k over mileage and the vehicle is in good returnable condition. I should have about 2k in savings for this event in February 2011 in case I need it
I'm looking for anyone who has gone through the same situation and their results Good and bad. I already know what could and couldn't happen so please hold those. Thanks much !
K
Life happened, BK 7 Filed 11/07 - discharged 05/08- Kept leased vehicle throughout BK process, and payments have been kept up. I make good money, I have good steady employment 6years and throughout BK. Only other thing I have besides Rent/Utilites is a RV loan that has been kept current and survived the BK.
My Vehicle lease is up 02/2011 {39 months} I would like to keep the vehicle and I'm preparing to speak to my dealer in November to discuss my options. The risidual will be about 16k left at lease end. I can easilly afford the current monthly payment and even a little more. Of course I would like a seamless transaction in February but I understand that may not happen.
I'll be about 1k over mileage and the vehicle is in good returnable condition. I should have about 2k in savings for this event in February 2011 in case I need it
I'm looking for anyone who has gone through the same situation and their results Good and bad. I already know what could and couldn't happen so please hold those. Thanks much !
K