Suze Orman says lease it

[cartwrna]

I just lost millions of brain cells while reading through this thread! There is no way that Everytime you lease a vehicle your FICO scores jump by 70pts, maybe the first time if you had 0 previous installment loans. Also, as far as leasing goes you need relatively decent credit from the get go to attain favorable terms or even be qualified/approved. Stick to your day job OP.

[Anonymous]

People want what people want!!!! Sometimes they are willing to pay the price to get what they want!

[Dj4Money]

 I am working out the details but the key is MF or money factor which is your interest rate.

 Right now it's more important I pay down my credit cards which I will pay off another card this week.

 But according to my calculations assuming my pay off for the Accent will be around $12,000 and I get $10,000 or more for the Accent; getting a $20,000 car for less than $200 is more than possible.

 That would leave enough room to get a car just for rideshare without going to Uber's or Breeze's draconican programs. I might have to buy additional mileage up front or pay penalties later for more mileage but I am targeting of being out the ride share business.

 As I said leasing a car for ride share, opening an LLC would be better for building credit than a series of Net 50 accounts.

[Anonymous]

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@Anonymous wrote:
No this is not Suze information. I tried to make a comment on her site.

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Yes this is from several of Suze's books and many speeches to include an Oprah interview and this was taught to me in Finance 101.