About 8 years ago my dad leased a 2011 Infiniti and leased it for about a year and a half. The lease ran up (he claims someone over the phone said he could pay it each month till it was paid off) and he continued to use it and pay for it monthly. Fast forward to now he was late on several payments and received a 6 week notice that the car will be repossessed. His two options were to buy it outright (for $7k) or turn it in. They also claim that he was not allotted any mileage after the term of the lease and any excess mileage is to be paid for (Approx. $10-18k).
I am 20 and going to college and currently living with him. I don't feel comfortable using student loans/financial aid to pay for some of the car. I currently have $4k for the summer semester after classes are paid for. My school is nearly an hour and a half by bus and a month of my summer classes run past the bus schedule. I am his last option as his credit is horrible and no one else will loan him the money.
Submitted May 06, 2019 at 08:01PM by throwawaymeok12345 http://bit.ly/2WudVjN