My friend is about to sign a car lease that she absolutely cannot afford and which also charges a 25% interest rate.
I know this is a terrible idea but she insists she wants to do it because it will "help her credit".
The car is a 2018 Nissan with 80k miles for $400 a month with 25% interest for 24 months.
Can anyone help me with some resources or information that will help her understand how bad of an idea this is? I am not personally savvy enough to fully understand or explain to her the implications of what she's doing, but I really want to help her understand what she's getting into BEFORE she gets tens of thousands of dollars in debt for an overpriced car.
Submitted July 01, 2021 at 08:46AM by do_u_hav_warrant https://ift.tt/2ThOG8l
