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Old Jun 29, 2020, 11:27 AM
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Have Hope Have Hope is offline
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Member Since: Dec 2017
Location: Eastern, USA
Posts: 9,741
Quote:
Originally Posted by Bill3 View Post
I'm just thinking out loud.

I think maybe it might be good to discuss the car situation with a lawyer or a consumer finance person.

Obviously I'm not in favor of refusing to pay a lease, but on the other hand I'm not in favor of him getting two years worth of free car use at your expense. Definitely not in favor of that!

I'm not familiar with leases. But with a purchased car, the bank would repossess and sell, and you would owe whatever is left on the loan. That would be considerably less than simply paying off the loan. I am wondering how it would work with a lease.

All I am suggesting is taking some time to look at pros and cons of all options.
Thanks Bill.

I will discuss it with a lawyer for certain. I already spoke with the car lease company.

IF he somehow refuses to pay the car lease, I can threaten to ruin his reputation with all his friends and tell them all that he's done, and share screenshots online of texts from him that I've saved. Not my style to do such a thing, but I WILL threaten him if I MUST and if it comes down to that. If he plays dirty, then I can fight fire with fire in that case.

There's no way I can pay his lease for two years. I COULD potentially try to purchase his car outright, get a loan and get the car from him IF he refuses to pay. But I think threatening him alone will do the trick.

All he would have to do is get a job once he moves to Florida so he can make the car payments each month. It wouldn't be that hard because he'd be living rent free.
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Bill3
Thanks for this!
Bill3