Hi! I am new here...just had our 341 meeting on March 8th. Officially in the 60 day club...yahoo!!
I have a leased Honda Accord which we have decided to not keep because we are over the mileage and I would prefer to own a car. I have a year left on it and have been making payments on time. I have a dealership nearby that is willing to get us in a car before our discharge letter, but their interest rates are 15-17%!!! I am disgusted. So, do you advise that I wait until I get my discharge letter and go to a dealership and will Honda come and repo the car if I don't sign a reaffirmation agreement? Do any of you have experience with buying a car right after the discharge letter and what type of rates were they offering?
Thanks for your help!!
I have a leased Honda Accord which we have decided to not keep because we are over the mileage and I would prefer to own a car. I have a year left on it and have been making payments on time. I have a dealership nearby that is willing to get us in a car before our discharge letter, but their interest rates are 15-17%!!! I am disgusted. So, do you advise that I wait until I get my discharge letter and go to a dealership and will Honda come and repo the car if I don't sign a reaffirmation agreement? Do any of you have experience with buying a car right after the discharge letter and what type of rates were they offering?
Thanks for your help!!
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