I have a question. My car got repossessed on the last month of my lease and now I’m forced to buy the vehicle but I don’t have 12,000 to buy the car in full. I was only late one month and they basically screw me over. I can’t get approved for a loan to buy the car and they will auction it at the end of this month and I will be liable for whatever remaining balance? This is unethical and so unfair! If I choose to pay, will this affect my wife’s nursing license? Will this prevent her from re-newing her license? I am so worried and do not want to file for bankruptcy. Is there some sort of loop hole here? Why am I being forced to pay for a car that I don’t have and have only ONE month left on my lease!?!? any advice would be helpful.

Yes both our names are on the contract. I tried but they said since my contract is in default I don't have the option of paying off the lease. Only option is to find 12k for the car plus repo fees or wait til they auction the car and be stuck with the remaining balance. They won't work with us to sort this out.