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donkeyking
Guest
Advice would be greatly appreciated on how I can handle below.
I have come up against the "half rule" on lots of threads but I dont think it would apply to me. I took a lease agreement with a bank 2 years ago for a truck worth €125k. I pay €2850 per month and therefore have paid back approx. €68k. It has come to the stage where I am earning less pm than the cost of the truck and getting deeper in quite fast. Is there any "half rule" type clause similar to the HP option that people can look at for leasing? Thanks.
I have come up against the "half rule" on lots of threads but I dont think it would apply to me. I took a lease agreement with a bank 2 years ago for a truck worth €125k. I pay €2850 per month and therefore have paid back approx. €68k. It has come to the stage where I am earning less pm than the cost of the truck and getting deeper in quite fast. Is there any "half rule" type clause similar to the HP option that people can look at for leasing? Thanks.