Where would he get the money for a lawyer???? He made a mistake by going way over his head with this lease. He makes less than half of what the car is worth per year. Not smart.

 

That's possible. The coupe Si holds its' value extremely well. For one, it's much better looking than those ugly new ford focus looking hatchback Si's. It also has an 8000 redline, whereas the new hatchbacks redline at 6500 or something and still make the same power. The coupe is very rare and much sought after. At 11 or 12k, finding a MY00 Si in excellent condition and low mileage really is a great deal.

I still miss mine may it rest in peace

 

maybe I wasn't clear when I stated "call a law firm and see if they think your case is valid." many firms will give you a consultation free of charge and may also be familiar with any similar cases you can reference. the case will likely be referred to small claims where he can represent himself.

Thanks for posting buddy and maybe you can give him some constructive advice next time instead of being a playa hater.

 

I just find it comical that most first reactions are to consult an attorney. Regardless of what his insurance company told him he really should not have leased the car in the first place with how much money he makes. If he didn't read the lease agreement before he signed it, too bad. If he didn't request in writing what his insurance premium and coverages would be, too bad. Why request it in writing? Well if he did that then he would have seen that they put his brothers name as the driver and not his. Yes it is unfortunate that he has to be in this situation but he is the one that made his own decisions and now has to deal with the responsibility of getting himself out of it.

 

I don't think he's in enough trouble to need bancruptcy yet... And it does screw up your credit for 7 years. He may want to buy a house before turning 25...


Dude. If I was you, the first thing I'd be doing is finding a better job. Sounds like you're under $10/hr. I think you can do better than that. But you totally need to stick to school so you won't have these kind of problems in the future. Don't let the car keep you out of school!

As to whether or not to keep it... You could probably swing it. The deal is done and there's probably not much you can do to back out without getting wounded. You really better not get any speeding tickets or accidents though because your rates will just skyrocket. State Farm is probably not your best bet for insurance though. Mine was cut in half when I switched from State Farm to USAA.

 

Geico sucks, they have extremely high rates. If you think you're getting a 'deal' from Geico, you're in for a suprise when you check rates from unitrindirect.com or esurance.com - this all depends on MANY factors, but geico is definitely not a 'cheap' insurance agency. They just spend a ton of money on advertising trying to convince you they do

 

Let's not forget the money they spend on radar guns that they donate to police departments! THE BASTARDS!!!!

 

Agreed.

 

my advice is to talk to the dealer, and explain to them about your reasons. see if you can persuade them to reverse the transaction. be sincere and truthful to the dealer, and hopefully they'll have a heart for you.

i'm sure you have already learned your lesson about buying something you can't afford to pay. if the dealer wont reverse the transaction, then stick it out and enjoy the car. either way, you have a wonderful car.

one way or the other, it always work out somehow. good luck.

 

Hmm... I would guess he (igetpaid11) gets paid $11/hour...