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Leasing a car
Question: Our bankruptcy is finished at the end of June. I start a new job in May that requires me to travel 5 out of 10 days. Our family vehicle is a 96 Windstar with 302000 km on it. It is in sad need of repairs. The question is whether or not it is worth it. I am wondering if, while in bankruptcy, we are able to lease a car? I would question the saftey of our van when I am doing extensive traveling.Answer: Yes, it is possible to lease a car while you are bankrupt. In most cases you will pay a lower rate of interest if you wait until you are discharged from bankruptcy before leasing car. Your other options are to purchase an inexpensive car, or to ask a friend or family member to co-sign on your behalf. Either way, be sure you read all of the fine print and understand what you will be paying before you agree to lease or finance a car.
posted by Questions @ 10:23 PM
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