EFTA Document EFTA01839415

To: drsra From: jeffrey eps ein Sent: Mon 3/19/2012 7:19:27 PM Subject: Re: Fw: RE: You are right Sorry for all the typos .Sent from my iPhone On Mar 19, 2012, at 7:43 PM, drsra wrote: Trent's suggestion. My only concern is that if the car is involved in a wreck, because a friend in the car business said then I lose the money prepaid. He advises people to avoid downpayment leases for that same reason. This occurred to me: Why can't my wife and I buy a car from joint money and put it in her name? I could even keep the Lincoln as "my" car. --- On Mon, 3/19/12, Trent Steele wrote: From: Trent Steele Subject: RE• To: "drsra" Date: Monday, March 19, 2012, 10:41 AM I think it would be better to lease and to prepay the entire amount upfront. From: drsra [mailto Sent: Saturday, Marc To: Trent Steele Subject: Tent, I have been putting off getting a new car as we attempted to resolve my various bank debts, and now it seems like we are getting close to the end. If you take the cash the 3 joint checking & savings accounts I have with my wife (both names always on the accounts), we have about $293,000.00 on hand. However, I still have to pay our 2011 income tax, so let's assume the figure is less. My question is this: Should I continue to hold off on replacing my car or is it better to get one now? If so, should I lease or buy? (I traditionally have paid cash because I keep a car for a long time). My current vehicle is a 2001 Lincoln Towncar with 130,000+ miles on it and it is full of problems that will probably cost more to repair that it is worth, but right now it is running EFTA_R1_00223082 EFTA01839415 OK. Will it have any impact on your ability to settle the $200,000.00 debt with Regions either way? I, of course, have no idea. I don't want to do something that looks bad or puts us in a less advantageous position. If we are close to a deal, I'll certainly hold off. Steve EFTA_R1_00223083 EFTA01839416