answersLogoWhite

0


Best Answer

In theory, an auto lease is the same as renting an apartment or anything else for that matter. If you stop paying the lease payments and return the car, you may have to pay a penalty, but you have not defaulted on a "loan." However, banks and other financial institutions may not see it that way when considering a loan applicant. They may consider the lease obligation as a "debt" and the payments as a monthly obligation. It will depend on the particular institution.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Does leasing a car increase your debt-to-income ratio?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can you lease a car?

Check online for a local car leasing company.Check online for a local car leasing company.Check online for a local car leasing company.Check online for a local car leasing company.


What is the best place to find car leasing in Ireland for the cheapest price?

The best place to find car leasing in Ireland for a cheap price is Carleasingireland. This is the main place where you can find car leasing information.


Whats the difference between buying a car with a loan and leasing a car?

When you have paid off the loan the car becomes yours. When leasing a car it never becomes yours.


Where could one find information on company car leasing?

The best online site to go on for company car leasing is the official lease guide site. They offer a lease calculator, a car leasing guide, leasing pros and cons, a lease formula, and many other features.


Which financial institutions offer car leasing services in the UK?

There is a lot of choice when it comes to leasing a car in the UK. A popular company is Contract Hire and Leasing, Lease Cars Direct and Car4Leasing.


When taking into consideration the prices to lease a car is it better to buy?

The choice of either leasing or buying a car depends on the original price of the car; depending on the price, either leasing or buying can be the better option. However, buying a car is usually cheaper than leasing it.


Where can one find information about private car leasing?

There are many places where one could find information regarding private car leasing. One could check online sites such as Money Supermarket for information regarding car leasing.


Where can one obtain information on car leases?

What Car dot com offers real in depth information on car leasing from the pros to the cons for different types of leases. Also check out Money Supermarket dot com for a complete guide to car leasing and a directory of car leasing providers.


What are some popular short term car leasing services in the UK?

There are come popular short term car leasing services in the UK. They include Quest Automotive Leasing Services, Euro Auto, Car Lease 4 U, Avis Car Hire, etc.


Does leasing a car build your credit?

Yes.


What are some reliable car leasing companies?

Car Leasing and CRDX are known companies. Usually, one does not have to worry about companies because the dealer will lease the car from a trustworthy source.


What do leasing a car means?

Leasing is essentially a long term rental with an option to buy at the end of the lease.