Please give me some details about leasing a car in the United States with regards to one's credit rating. If possible, please include your own experience of leasing a car.
2007-02-23 14:13:34 · 13 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
leasing is not the most expensive way to purchase a car. if you are like most people in the united states you are going to keep your car for 3 to 5 years and then want a new one. very few people pay their vehicles off in that time frame. therefore if you can lease a car for 2 to 4 years and get a lower payment than a purchase you will be better off, since you are going to have a car payment anyways.
of course if you can buy a vehicle and keep it 10 years, then you dont want to lease. but reality is 75% of the people in the u.s. dont.
as far as the question of whether or not you can lease w/ no credit. yes and no. to get some of the lease specials that manufacturers offer you usually need to have good credit. but cash speaks. if you come to the table w/ enough money down many lenders will overlook bad or no credit, since they will be in an equitable position. therefore, yes you can lease if you have enough money to buy your way in. if you dont have money down, then it will be very hard to lease w/ no credit.
p.s. im currently leasing a $31k car for $370 a month. you can not purchase that car and get the same payments w/ the same money down regardless of the term.
2007-02-24 02:23:40 · answer #1 · answered by ridgwayaz 2 · 0⤊ 0⤋
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2016-10-15 08:12:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you co-sign a loan it affects both people. That is if you have a good history of payment it shows as a positive on both. If you have a negative payment history that shows as a negative on both. So as long as you pay it on time it will help you. Now, if you want to purchase a house in 3-4 years the best thing to do is to purchase a car that gives you the monthly payment you want and a 3-4 year)(or less) loan. So you will have to shop around for price and interest rates to do this. This way at the end of this period you a) have a paid off car loan on your record b) have an asset in the vehicle, which if it was a lease you would have to return it or get another loan to pay off the balance.
2016-03-28 13:26:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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Can you lease a car in the U.S. with no credit?
Please give me some details about leasing a car in the United States with regards to one's credit rating. If possible, please include your own experience of leasing a car.
2015-08-10 11:44:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
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RE Can you lease a car in the U.S. with no credit?
Please give me some details about leasing a car in the United States with regards to one's credit rating. If possible, please include your own experience of leasing a car.
2014-09-10 18:02:23 · answer #5 · answered by Anonymous · 0⤊ 0⤋
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Whichever way you go it will reflect on your credit as a installment loan just like a purchase does. If you Husband co-signs the only thing that will show is either a "J" for joint or a "C" for co-sign. As long as the payments are made as agreed it will help your credit history the most if you make at least 24-payments.
2016-03-28 22:16:01 · answer #6 · answered by Anonymous · 0⤊ 0⤋
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2014-07-05 09:41:46 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Leasing is the absolute, bar none, without exception most expensive way to operate a vehicle. There is no way to obtain transportation that is more expensive than leasing. Taxicabs are cheaper. Limosines are cheaper. Leasing is the stupidest way to obtain a vehicle that exists on the planet.
2007-02-23 14:23:48 · answer #8 · answered by normobrian 6 · 2⤊ 1⤋
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RE :Can you lease a car in the U.S. with no credit?
Please give me some details about leasing a car in the United States with regards to one's credit rating. If possible, please include your own experience of leasing a car.
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2017-04-06 07:51:24 · answer #9 · answered by Alfredo 6 · 0⤊ 0⤋
You're going to have a hard time finding a company to finance you with no credit.
2007-02-23 14:21:13 · answer #10 · answered by Sean 4 · 0⤊ 2⤋