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Auto - Lease vs Buy

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Anonymous
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Auto - Lease vs Buy

I'm sure this question has been answered before, but I'm trying to find out quickly for a friend. How does an auto lease affect your credit score? Is it categorized as an installment loan? Would leasing generally have a good or bad effect on a credit score? Thanks!
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2 REPLIES 2
fishbjc
Senior Contributor

Re: Auto - Lease vs Buy

my purchase and lease both show up as installment
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Takunda1
Established Contributor

Re: Auto - Lease vs Buy



TracyFace wrote:
I'm sure this question has been answered before, but I'm trying to find out quickly for a friend. How does an auto lease affect your credit score? Is it categorized as an installment loan? Would leasing generally have a good or bad effect on a credit score? Thanks!

 
Purchase and Lease affect your credit scaore exactly the same . On my CR my lease reports as an installment loan.

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