Hello, Reddit friends. So basically, my mom bought a Chevy Cobalt a really long time ago. She went through a rough financial period and got a debt consolidation loan - my understanding is that she rolled the car into the loan as well. Fast forward about 5 years, and her car is starting to brick out. Things are going bad faster than she can fix them, and now she’s having problems getting it started. She went into a dealer to look at trading it in but since she’s still so upside-down on the car, there’s nothing they could do.
I want to help get my mom into a new car, but I’m not sure where to start or what my options even are. I have an average credit score, and pay about $310 a month for my current car. I could very comfortably fit a couple extra hundred dollars into my monthly budget, so I thought perhaps leasing something for her might be a good idea, but I don’t know if they’d let me take on a lease if I’m already making a car payment, even if I could completely afford it. I have around $3,000 in savings that I could dip into if need be to facilitate immediate costs.
I need help. I need to know what my options are for helping my mom get into a new car, even if it’s a cheap, temporary lease. If appreciate any input :)
Submitted July 28, 2018 at 10:35PM by themachine407 https://ift.tt/2LvcQXQ
