Auto Loans and Financing
Credit Reports

Will it affect your credit if a car is repossessed after the lease has ended?


Top Answer
User Avatar
Wiki User
2003-12-29 07:22:17
2003-12-29 07:22:17

YES - the fact that the original term of the lease had past has nothing to do with it since the payments weren't made.


Related Questions

User Avatar

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.

User Avatar

Late Payment on Apartment LeaseA lease will not show on your credit report; unless there was a judgment against you.

User Avatar

Yes, and even your ability to get a lease. Because of the lower down payment, a lease may be harder to get than normal car financing.

User Avatar

The vehicle will be repossessed and the leasor will be held responsible for the unpaid balance of the lease.

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.