Repo or Colections

Posted by EJ on August 31, 2001 at 15:11:27:

I was over milage on a lease vehicle by $4500. Got taken by a salesman and purchased another vehicle at 18% interest. I can't afford to pay both. I was planning on re-financing the second car next year, but I doubt I'll be able to if lease goes into collections. Which do you think is worse, having the first go into collections or having the new car repo'd?

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