my lease is up in june
01-12-2007, 02:05 PM
#33
Registered User
Thread Starter
thanks for the advice everyone. the HELOC sounds like a good idea!FYI. i put 3k down on a 48 mo lease. my payments AFTER taxes each month is 340.28. I have 784 credit score, so that helps a lot.
Anyone know about talking down the residual?
01-12-2007, 02:08 PM
#34
Community Organizer
Originally Posted by r_duff,Jan 12 2007, 03:05 PM
thanks for the advice everyone. the HELOC sounds like a good idea!FYI. i put 3k down on a 48 mo lease. my payments AFTER taxes each month is 340.28. I have 784 credit score, so that helps a lot.
Anyone know about talking down the residual?
BC
01-12-2007, 02:13 PM
#36
Registered User
Thread Starter
more info: my home is worth about 460k, and i owe about 120k on it. my credit score still good. do u think the rate on the HELOC would be less that the bank's offer of 6.49%? My buddy's dad just took a 2nd, and his rate is 8%...
01-12-2007, 02:17 PM
#37
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Join Date: Aug 2002
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Originally Posted by r_duff,Jan 12 2007, 03:13 PM
more info: my home is worth about 460k, and i owe about 120k on it. my credit score still good. do u think the rate on the HELOC would be less that the bank's offer of 6.49%? My buddy's dad just took a 2nd, and his rate is 8%...
we have two programs at our bank depending on credit score and debt to income ratios. 10 year draw period with interest only, then 15 year amortization.
01-12-2007, 04:06 PM
#39
Registered User
Originally Posted by Back-cracker,Jan 12 2007, 02:15 PM
Don't mess with the FRUGAL Crew.. Jay-Patrick and me, We are FRUGAL to the max
We're poor kids.. Wish we had rich parents
We're poor kids.. Wish we had rich parents
01-12-2007, 04:07 PM
#40
Registered User
Originally Posted by asiantrick,Jan 12 2007, 02:08 PM
Let ask him, i guarranted there's NO way POSSIBLE his monthly payment is $349/monthly for a LEASE car....If you go to honda site and do a lease calculation for the 06/07 model, there's NO SUCH monthly payment that is less than 500/mnthly. I know that is the 06/07 model i'm talkin about but when he lease his brand new 03 model back in 2003, i'm assuming it should be the same. But if his monthly is less than that then good for him.
