Opinions on my idea...

[Neika17]

never mind

[Navylove10]

I think it makes sense. Enjoy Hawaii

[Kris]

I am not a big fan of leasing cars, would you be able to buy a beater car that will get you from A to B for cheap that way you don't have the restrictions of a leased car?

[Roboto]

I'm not a huge fan of leasing either, but if that's what you want to do than go for it. Other than that your plan sounds great! I would definitely cut up the credit cards or freeze them in a big block of ice so that they stay paid off.

[**Jamie**]

I think it all sounds good, except for leasing a car. have you thought about buying an older used car for while your there? You could sell it when you leave it get some money back.

[Neika17]

Ill think about what you all said about the leasing. I have never done it before. We can get a hooptie till then.

[carolinagirll]

Everything sounds like a good idea but....I would not lease. Your throwing your money away.

Here some web sites that give some info on leasing:

http://www.carbuyingtips.com/lease5.htm

http://www.leaseguide.com/lease03.htm

http://www.automotive.com/auto-loans...ar-buying.html

http://www.automotive.com/auto-loans...ar-buying.html

another idea would be to buy something cheap. A older honda, toyota or Acura that you know would last.

[llove12]

I've never heard of a 24 month lease, but if they have them, it sounds like a good idea to me. My best friend's dad sells cars and he says that people with the most money lease cars because they don't want to purchase something that depreciates. I'm no money whiz, but that makes sense to me.

[ArmyCupcake]

I heard from a friend who just traveled to Hawaii to visit a friend that no one has a decent car there. She said that when you leave your car you take EVERYTHING with you or lock it in your trunk. She said the people with the "nice" cars are those who are quickly targeted as tourists who are renting a car. For that reason, I don't think it would be a bad idea to sell it and pay off your debt. Her friend got a car that used for a few years for $500 bucks and just moved back to NJ and sold it for the same $500 he paid for it. Good luck!

[Songtan Sally]

Originally Posted by Neika17 Hey ladies!! I am moving to Hawaii in the next few months to be with my DH. Well, I am in debt around 7,000 dollars. For a wedding gift my mom gave me her paid off 2002 Honda Accord. I did some research and the car is worth anywhere from 7,000-9,000 dollars to sell. Sense its going to cost me almost 2,000 dollars to ship it to hawaii, I was thinking about selling it. Taking the money and paying off atleast 5,000 on my high interest credit card debt. That would only leave me with around 2,000 dollars in debt. Whatever is left over I was going to put into savings and buy some used furniture with it from other military members who are leaving hawaii. We are only going to be in Hawaii for two years so I was thinking about doing a 24 month lease on a car. What do you all think about this?

Sell the car, pay off all of your debt and buy a cheap used car in Hawaii. Leasing is IMHO ridiculous. You are making car payments for a vehicle you will never own.

Also, how does your mom feel about you selling her gift to you?

Another also - cut up your credit cards.