Auto enhanced score

[asanch12]

Hi all,

So I make my last lease payment today and have about 3 weeks before my car is due.  Will my enhanced score be higher while my lease is still open or should I wait for it to close?

Thanks!

[mross1080]

Do you have any previous closed car loans?

[asanch12]

I had a car loan but after I paid it off the creditor took it off my report.  I have a letter from them that thanks me for financing my veh through them.  I used it when I got my last car.

[mross1080]

Since its your only auto im not sure what the difference would be. Either way I dont think it would be a huge difference either way when the underwriter looks at it theyll see its about paid off if you dont wait. Ive found when I buy a car if my score is close to the higher tier I always end up getting the higher tier. Your experience may vary.