Just out of curiosity, and I apologize if I missed this elsewhere... is there any difference on how a FICO score is affected by getting an auto lease (e.g. 36 month) as opposed to an auto loan (e.g. 60 months) and assuming all payments are made on time? Does getting a loan make a bigger impact than getting a lease?
Timothy wrote:I don't think is is scored any different- Auto, InstallmentI only liked leases when I was self-employed -I supose they are great for someone that wants a new car every 3 years though-
cobra19 wrote:WPP.............My Toyota lease shows up simply as "Toyota". It shows up only once. And the word "lease" is no where to be found.Like you, leasing is the way to go. A new car every 36 months is terrific. I am getting ready to turn in my RAV and will move up to an '08 RX-350, with $0 down and I will need $0 to drive it out the door.