Need to lower lease payments...Ideas???

[InMyDreams]

I have 11 months more to go on a lease and desperately need to lower the payments. I have excellent credit and don't want to ruin it. I am even willing to keep the car, trade it in etc., whatever it takes. I owe roughly $15k on a 2004.. Suggestions please, I am in a bad financial situation..thanks!

[TinaP]

What's happened in your situation?

 

11 months really isn't that long to go.

[TinaP]

You can probably trade it in for a cheaper vehicle.

[InMyDreams]

Got divorced and living on my own without any child support.

[mk_378]

Do you have positive equity now? If so you could trade in now for something cheaper. Otherwise either struggle to make the remaining payments so you can return it.

 

Or go to a CU and refinance it to a 4 or 5 year purchase. After the refinance, hope that it lasts for a long time because you will be upside down for years though. Should you have extra money in the future, pay it off early.

[MarvBear]

Who is the leasing company?