Lease odds?

[SteveUrkel]

Im looking to lease a 2013 cadillac escalade or a 2013 chevy camaro. Fico scores are EQ688 TU 699 and fako ex is 673. My current util is 30% and i can give a down payment of $2000 on either car. Do i have any chance?

[SteveUrkel]

Forgot to add that i make $35,000 and my current job history is 1 year and 6 months at the same job

[SteveUrkel]

Dont have any late payments on my cards And i have over a year of credit history

[Ditovera]

It really becomes an issue of your debt to income ratio. Your income might not support the cost of the vehicles you are considering. But def get that utl dwn to under 15% min. Also be mindful if you have not had any auto loans in the past/ installment loans your auto enhancedfico score might be lower than your fico here. 

[SteveUrkel]

I only pay my cell phone bill Live with parents. I make 3,000 a month. I could pay $700 a monthly

[Ditovera]

Knowing you don't pay rent, that does play a big role in your DTI. But there is a big price difference in a base Camaro and an escalade.  with $700 a month say 60 months your looking at a $42000 vehicle interest included if you were buying. But you want to lease so .... 

[SteveUrkel]

Uea i want to lease

[Creditaddict]

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@CarlosC88 wrote:
Im looking to lease a 2013 cadillac escalade or a 2013 chevy camaro. Fico scores are EQ688 TU 699 and fako ex is 673. My current util is 30% and i can give a down payment of $2000 on either car. Do i have any chance?

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The lease on an escalade is $700 or $800 and that's probably with $5k down... Don't do it!!!

trust me, I purchased a 2006 Infiniti QX56 (in 2006 btw) I went in to trade in my 30 day old G35 for an FX35 because of needing towing for new business and the manager told me for $40 more he could put me into the QX because of APR special.... of course my eyes about fell out and I said but approval with the special apr... and he simply said, it's done.... I was saying yes and signing so fast I didn't want him to change his mind.... I can tell you that $972 payment is something I don't think I want on a car again even if I had a million  bucks in the bank.... 

buy something that doesn't depreciate faster than you bank account just looking at the car not to mention GAS!!! I don't know where you drive or what you currently drive, but an escalade will be OVER $100 to fill and you won't get more than 250 miles a tank or so... you will sink $500+ a month in gas into it... you can't afford it! (I say it because I have done it!)

SUZE ORMAN IS CRYING RIGHT NOW!