Posts: 14,062
Registered: ‎04-15-2011
Re: So I got Approved, but have some questions on the best direction I should take (finance vs lease

I've never done a lease, however I"ve actually been looking into it for DW's next vehicle.  What's the redisual after the 3 years?  Would you want to keep the vehicle after that the lease is up?  Leasing ususally gets you into a bit more vehicle a little cheaper, however you have no equity in the vehicle.  You would also look at how much you drive and ensure you don't go over the miles of the lease, that could get expensive.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!