Poll of the Day > My friend is getting a new car, which is pretty cool

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I feel like somebody should remind him he has no job therefore no income. This isnt even one of those Im going to get a car so I can be an Uber driver scenarios, theres no plan for that.

Legit dont know how you lease a brand new car with no income. But money is usually a touchy subject soo idk how you even bring that up

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"you have no money and no job why are you leasing a car that's going to get repo'd in two months"

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FatalAccident posted...

Legit dont know how you lease a brand new car with no income.

Decent credit history, at least enough to secure a loan? Granted I recall being asked what my current income is and I would imagine that is a factor as well. What good is a high credit history if one has no income at the moment.

FatalAccident posted...

But money is usually a touchy subject soo idk how you even bring that up

If you fear this can potentially financially cripple said friend, I would consider just being blunt about it. I can agree finances can be a touchy subject but some folks may not have basic grasp bout finances.

EDIT: Ugh. I just remembered one particular PotDer. Over a dozen PotDer were giving advice regarding college, finances, etc. and said PotDer seem to want to stay on a fixed plan despite how impractical it was.

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I once bought a 30k car with no income, just had a really high credit score.

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CarefreeDude posted...

I once bought a 30k car with no income, just had a really high credit score.

Interesting. I can understand a high score helps but am surprise listing no income would not affect the chance to get the loan. Credit scores, to my knowledge, just shows how financially responsible/trusting one is. Granted I guess no income does not mean no savings. I assume the bank assume one will still be able to pay somehow.

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Credit scores are weird. Really early in life I managed to get a home loan on a house I definitely couldn't afford (mortgage was like 60% my monthly income) because I had a good credit score. In the end I had to lease out rooms in the house to afford the place


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