2007-07-07 02:28:59 · 9 answers · asked by desperado1019 1 in Cars & Transportation ➔ Buying & Selling
Yes. As long as you make your payments on time. If not it will mess it up pretty bad.
2007-07-07 02:31:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A lease deal means you will never own the car, but you still have to replace the things that break on it. Plus if you have problems down the road you will have a hard time getting rid of it. One reader states it gets reported the same as a normal car loan. they are correct. Anything you make an agreement on to make payments is look at the same. Lease cars also have a low mileage clause . Most are 12000 a year. divide that by 52 weeks a year means you can only go 230 miles a week. You can not go over that mileage or they will add most cases .25 cents per mile you go over. Sometimes that could mean 2500.00 to 3000 dollars when you lease is up. Leases are nothing more than a contract and the wording in it will always be on the side of the dealership.
2007-07-07 09:47:20 · answer #2 · answered by FireWalker6 2 · 1⤊ 0⤋
As long as you stay up on the payments yes it will help you build.
But as for renting a vehicle for 36 months - I would never even consider it. It makes no sence.
You have seen the commercials for why rent when you can own your home - well apply that same thing to the car.
You make say 400.00 per month payment for 36 months:
14,400.00 - and that snot including the 1500 down or the amount of interest 6.3%APR normal.
So you could spend over 15,000.00 and only get a higher credit score, and still no car owned.
2007-07-07 10:30:05 · answer #3 · answered by cgriffin1972 6 · 1⤊ 0⤋
DO NOT I REPEAT DO NOT FLEECE A VEHICLE! It is a bad deal all around for the purchaser. There is NOTHING good about a vehicle lease.
Don't fall into the trap of living up to a credit score. Live within your means. Buying a vehicle on credit will not help your life it will only hinder it. Pay cash.
For a brighter future in your life please check out the website below.
2007-07-07 09:34:11 · answer #4 · answered by noobienoob2000 4 · 0⤊ 1⤋
Whether leasing will help or hinder your credit score depends on how you pay your bills. Be late with payments or terminate the lease early and it would have a negative effect.
2007-07-07 09:32:25 · answer #5 · answered by oklatom 7 · 1⤊ 0⤋
Not much, and leasing today, with minimal miles per year is dumb.
Most leases allow 10,000-12,000 miles per year.
With the advance and payments to drive 30,000-36,000 miles,
dumb.
2007-07-07 09:35:57 · answer #6 · answered by ed 7 · 1⤊ 1⤋
It will help just as much as a purchase, assuming you make all the payments on time.
2007-07-07 10:35:49 · answer #7 · answered by jay 7 · 0⤊ 0⤋
depends on if you make your payments on time or not. it gets reported just like a regular car loan.
2007-07-07 09:30:42 · answer #8 · answered by New rider-- again 3 · 0⤊ 0⤋
Not sure.
2007-07-07 09:31:59 · answer #9 · answered by J~Me 5 · 0⤊ 0⤋