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Strange Position Maybe Someone Can Give me Some Advice..

Established Contributor

Re: Strange Position Maybe Someone Can Give me Some Advice..

but trust me its because of my zip code LOL zip code definitely matters i actually just practiced with quotes LMFAO its amazing put in zip code 07106 and then put in zip code 07653 for NJ Cure you will be amazed...
CH7 Filed (3/29/17) - 516 EQ, 517 TU, 483 EX -- Discharged (5/31/17) - 538 EQ 501 TU 559 EX
PenFed CLOC $500 - NFCU nRewards $1k - CreditOne $500 - VS $250 - Overstock $250 - KingSize $250 - Macys $5.8K (AU) - AmEx $1k (AU)
Message 21 of 36
Regular Contributor

Re: Strange Position Maybe Someone Can Give me Some Advice..

lol , I typed that zip on google and got Newark and Paramus , please tell me those arent correct? I live in Toms River , one of the nicest and more expensive places in NJ. Newark is probably almost bad as camden and paramus im not too familiar with. Trust me , your zip code is irrelevant

Message 22 of 36
Established Contributor

Re: Strange Position Maybe Someone Can Give me Some Advice..

Where you live definitely makes a difference. Some areas just have more accidents, theft, or vandalism. Those rates are still crazy to me... 


Message 23 of 36
Established Contributor

Re: Strange Position Maybe Someone Can Give me Some Advice..

OP it seems like you got gagged all around. Why are you paying $656 for a lease on an Accord?


Starting Score: 515
Current Score: EQ08 711 EX08 731 TU08 735
Goal Score: 740+

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Message 24 of 36
Established Contributor

Re: Strange Position Maybe Someone Can Give me Some Advice..


Simply827 wrote:

OP it seems like you got gagged all around. Why are you paying $656 for a lease on an Accord?



I'm wondering that same exact thing ... idk what happen here i was asking myself that same thing....maybe because i traded a vehicle in with it that ended up with negative equity but only of 3K but i still cant see that 3k hiking my payments up to that much but also because the fact that they pulled my auto fico and it generated no score...

CH7 Filed (3/29/17) - 516 EQ, 517 TU, 483 EX -- Discharged (5/31/17) - 538 EQ 501 TU 559 EX
PenFed CLOC $500 - NFCU nRewards $1k - CreditOne $500 - VS $250 - Overstock $250 - KingSize $250 - Macys $5.8K (AU) - AmEx $1k (AU)
Message 25 of 36
Established Contributor

Re: Strange Position Maybe Someone Can Give me Some Advice..


lionsfan20 wrote:

lol , I typed that zip on google and got Newark and Paramus , please tell me those arent correct? I live in Toms River , one of the nicest and more expensive places in NJ. Newark is probably almost bad as camden and paramus im not too familiar with. Trust me , your zip code is irrelevant


u have to try it with a quote not just google the zip code its newark yes which is my zip code which is horrible rates i did a quote with my newark zip the premium was 3,800 then i went back changed the city and zip dropped to 2300 for the year and this is with Plymouth Rock ...so sadly zip code is very relevant ...

CH7 Filed (3/29/17) - 516 EQ, 517 TU, 483 EX -- Discharged (5/31/17) - 538 EQ 501 TU 559 EX
PenFed CLOC $500 - NFCU nRewards $1k - CreditOne $500 - VS $250 - Overstock $250 - KingSize $250 - Macys $5.8K (AU) - AmEx $1k (AU)
Message 26 of 36
Regular Contributor

Re: Strange Position Maybe Someone Can Give me Some Advice..

I'm wondering that same exact thing ... idk what happen here i was asking myself that same thing....maybe because i traded a vehicle in with it that ended up with negative equity but only of 3K but i still cant see that 3k hiking my payments up to that much but also because the fact that they pulled my auto fico and it generated no score...


What is your lease money factor?  At $656 per month for an Accord, it looks like you got a very high MF.

Message 27 of 36
Established Contributor

Re: Strange Position Maybe Someone Can Give me Some Advice..

The negative equity will hurt you, but it shouldn't have hurt you that much. I also don't think you can have a zero Auto Enhanced if you have a FICO. Your AE might have just been a little lower than your FICO. Assuming you have a 36 month lease, you're going to make 23k in payments on this car!! I don't know what money factor, cap cost, and residual they stuck you with, but they got you good, sorry to say. I don't know what your residual is so that you could buy the car at the end of the lease since you might as well considering how much money you'll be putting into it.

 

In the future, if something doesn't seem right about a deal, just walk away. Sorry you got robbed like this. 


Starting Score: 515
Current Score: EQ08 711 EX08 731 TU08 735
Goal Score: 740+

Amex BCP $25k | Discover IT $15.7k | Cap 1 QS $10k | PSECU $10k | Citi DC $9300 | Citi DP $6800 | Barclay Ring $6500 | PayPal Extras MC $5045 | DCU $5000 | Chase Slate $5000 | Barclays AA $4100 | Chase Freedom $4000 | Union Plus $1000 | Target $500
Message 28 of 36
Established Contributor

Re: Strange Position Maybe Someone Can Give me Some Advice..


Simply827 wrote:

The negative equity will hurt you, but it shouldn't have hurt you that much. I also don't think you can have a zero Auto Enhanced if you have a FICO. Your AE might have just been a little lower than your FICO. Assuming you have a 36 month lease, you're going to make 23k in payments on this car!! I don't know what money factor, cap cost, and residual they stuck you with, but they got you good, sorry to say. I don't know what your residual is so that you could buy the car at the end of the lease since you might as well considering how much money you'll be putting into it.

 

In the future, if something doesn't seem right about a deal, just walk away. Sorry you got robbed like this. 


yea i think they got me also ... basically my residual after the lease is up is 14K but the buyout amount is 34K as of right now im confused as to how all of this adds because the car actually cost 24.9K

CH7 Filed (3/29/17) - 516 EQ, 517 TU, 483 EX -- Discharged (5/31/17) - 538 EQ 501 TU 559 EX
PenFed CLOC $500 - NFCU nRewards $1k - CreditOne $500 - VS $250 - Overstock $250 - KingSize $250 - Macys $5.8K (AU) - AmEx $1k (AU)
Message 29 of 36
Established Member

Re: Strange Position Maybe Someone Can Give me Some Advice..

edited for stupid


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Message 30 of 36