Hi,
I am in a bit of a pickle at the moment and need to take a big slice off my mortgage , I was telling a guy and his advice was for me to sell my 07 Hyundai Santa Fe and put the 35k approx straight off my mortgage (stay with me I know this is not the mortgage forum)....
.....heres the thing ,I told him I need the car , he told me then to get the same vehicle out on a lease agreement , essentially pay money each month but never own it ?
Give it back whenever you want etc etc .
Now I have never heard of any arrangment like this but it would suit me !
Anyone got any pointers or insight .
Ta
L.
I am in a bit of a pickle at the moment and need to take a big slice off my mortgage , I was telling a guy and his advice was for me to sell my 07 Hyundai Santa Fe and put the 35k approx straight off my mortgage (stay with me I know this is not the mortgage forum)....
.....heres the thing ,I told him I need the car , he told me then to get the same vehicle out on a lease agreement , essentially pay money each month but never own it ?
Give it back whenever you want etc etc .
Now I have never heard of any arrangment like this but it would suit me !
Anyone got any pointers or insight .
Ta
L.