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Car Buying Question Please

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    Car Buying Question Please

    i have a very expensive car payment that i cannot afford so i will surrender the car in a bankruptcy... if i put down 5 thousand dollars on a new car lease, is that a problem ?

    will that give me too much equity , i am trying to keep my payments low... ?

    will they say , why did you put 5 thousand down on a car when you were in trouble with bills?

    i have not missed any payments on cc's yet buy i have lost my job and need a car to get another

    i am below the means for a chapter 7

    #2
    I doubt you'll be able to get an auto lease with no job. Where is the $5K coming from?

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      #3
      savings that are getting depleted

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        #4
        My suggestion would be to concentrate on finding a job and use the savings for a downpayment on a reasonably priced used car and, living expenses. Don't sink $5K into a lease when you have no job and are on the cusp of a bk.

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