Question on new auto lease?

[ReaSar12]

I just leased a 2013 Honda Civic with the help of a family member as a cosigner. I had a fico score of 696 they had 825. Problem was my current income is too low (layed off from high paying job a year ago).  Will we both have equal reporting by the credit bureaus? I currently have student loans as installment. Will the auto lease count as a new installment loan with the amount owed the full price of the car on the credit reports? As a result, will my credit take a big hit if they count the full retail value of the car(18k) as new debt?

Thanks!!

EQ 658 EX 696 TU 670

[Luscher]

1. The lease will show up as what ever the lease amount is. So say your monthly payment is going to be 250 a month for 36 months. Your report will say installment loan: $9000 and will go down every month.

2. You both will benefit equally from this trade line. Assuming you pay in full and on time EVERY TIME!