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If you have good credit and wanted to lease a car would the lease be cheap?
Wiki User
∙ 17y ago
I'd say yes because when you see commercials advertising leases at "$199 a month for 36 months" for well qualified customers, it means exactly that. So if you have a good payment history then yes your monthly lease payment should be low. However, be wary of the mileage clause in your lease contract because if you return a car at the end of lease over a certain amount of miles then you end up paying a hefty fee at so many cents per mile (sometimes $1000+ !).
Wiki User
∙ 17y ago
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Can you lease a car with already having a current car loan?
That would depend on the credit worthness of the person wanting to lease. It is a separate transaction just as if you wanted to buy a second car.
Can you break a lease on a car?
It is possible but not advisable to break a lease on a car. The car would be repossessed, and the repossession would go on your credit report.
Is Tunisia cheap?
No, if we wanted to go to Tunisia it would not be cheap.
From where can one purchase cars with bad credit?
Buying cars that are for sale by owner is a good option for those with bad credit. Some other options are lease assumptions and getting a co-signer on a car loan. A lease assumption is where the seller of a car is no longer able to make their payments and you basically take over the lease for them. The companies that do this still check credit, but it is generally not as strict. A co-signer would be someone with better credit who is willing to be responsible if payments are not made. They act as a backup to the lease.
Does a car lease show up on your credit report as debt you owe?
yes it does because when u get approved for a car lease, they use the same verification as if you were buying a car. They check the three main credit bureaus which are transunion ,experian,and equifax.
You have a tenant that walked out with 9 more months on their lease How can you report this to the credit bureau?
You would have to become a contributing member of the credit bureau in question to contribute information on an individual. This is not always possible (legally), nor cost-worthy. However, if you wanted to sue your former tenant in small claims or civil court; if you prevail and are granted a judgment, THAT legal item would get picked up and eventually show on the person's credit report.
Does breaking a rental lease agreement affect your credit rating?
Not in and of itself. Lease agreements are not typically reported on your credit report and are not normally part of your "rating". However, there are other credit bureaus used by apartment complexes. These agencies, called tenant screening bureaus, have different information than your credit report. They focus on rental payment history, evictions, lease agreements and utilities. It is possible that breaking your lease would be reported on one of these lesser known bureaus. This might impact your ability to rent in the future. Another possibility is that the lease holder can always sue you for the balance due on the contract. If a judgment were granted against you, all the provisions allowed under your state's laws would come into play. These include garnishment of wages, freezing of bank accounts, and reporting the judgment on the public records portion of your standard credit report. That would most certainly affect your credit.
Can you still get credit after a rescission?
Very possibly, but it would depend on how good a risk you are to the lender and what size of credit you wanted.
What are the financial pros and cons of a car lease?
A car lease often has very cheap montly payments. The big negative, however, is that you never truly own the car. You will either have to give it back when the lease ends, or buy it then, which would be more expensive than buying it earlier.
Where would one look for cheap mortgage loans?
Cheap mortgage loans are availabe through your local bank or even credit unions offer different rates on loans. It also depends on your credit and your ratings.
which banks offer cheap equity lines of credit?
There are a number of banks offer cheap equity lines of credit. I would suggest bankofamerica, Chase, Ally bank, Citibank to name a few. There are a lot more.
How would an auto lease be classified in your credit profile will it show up as some sort of loan?
It hits your fico the same way since its credit just less since the term is shorter
