Can I get a lease with old Repo

Anonymous · ‎11-01-2015

I have a repo that is 5 years old and paid off. I have paid off 2 other previous car loans(no missed payments) and have one current car loan with no missed payments ever. My credit scores from myFico are 717 Exq 670 Trans 678 experian. The repo is actually only on Transunion and Experian. Will I have any chance at a lease or should i just look to purchase. And if i can lease which car company would work best for me. I am interested in the Honda Pilot.

Thanks

lincar66 · ‎11-02-2015

Your a shoe in for dcu 717 equifax and no repo reporting there you will get 1.99 w/direct deposit. Be warned they will probably want proof of income. Leasing on the other hand will be a little harder your going to want to find the lender that pulls equifax but it also depends on what car you want

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fury1995 · ‎11-02-2015

Geographic area may play a part in which bureau Honda will pull for you.

Your best action is to call any of your local Honda dealerships and request to speak with a finance manager directly.

Tell them you are considering a Honda and think you may lease the vehicle and you have a couple of quick questions before you go any further with a decision.

It's best to call a dealer you have not been in contact with if you have been shopping for Hondas already.

Ask them which credit report they use and which credit report Honda uses for applications for financing or leases.

Do not give them any personal information other than a name and phone number if they need to return a call.

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Anonymous · ‎11-02-2015

Thanks if i have to finance i will give them a try. My income shouldn't be a problem. So DCU only uses equifax?

Thanks again

Anonymous · ‎11-02-2015

Thanks for the advice I will give them a call and see what i can find out. But does anyone think that i can get a lease with the current scores? Income is approx 100K per year. DTI is about 33%.

Thanks again

Anonymous · ‎11-10-2015

Spoke to the Acura Dealership and they only use Equifax for leases (in Texas). So my other 2 reports (with the repo) won't be a problem. Also he said if the score is about 720 and up there should be no problem. I requested my equifax report from myfico and my auto enhanced is 728. I am looking to lease an MDX in Jan. I will update once I make the sale.

Thanks all for your advice

fury1995 · ‎11-11-2015

Glad you took the advice and got the information you needed. Should make waiting and then the next steps go much easier for you.

August 28, 2023 FICO 8

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August 28, 2023 FICO Auto 8

Anonymous · ‎11-14-2015

Went ahead and went by the Acura Dealership (TX) and got the lease. No issues with TU as they only looked at my EQ score (728). Thanks everyone for your advice as it helped alot. FYI got the 2016 Acura MDX with Tech/Watch packages. Hit me with any questions you like.

Thanks again

Anonymous · ‎11-15-2015

@Anonymous wrote:
Went ahead and went by the Acura Dealership (TX) and got the lease. No issues with TU as they only looked at my EQ score (728). Thanks everyone for your advice as it helped alot. FYI got the 2016 Acura MDX with Tech/Watch packages. Hit me with any questions you like.

Thanks again

Congrats... What's ur amount due at signing.. What's ur monthly payment?? How many months for payment?? What's ur allowed miles per year and how much for miles over the allowed.. Asking cuz I got one too. But I financed it for 60k it's the 925 a month for 72 months with zero down. I got a SH AWD blk/blk advance/tech with factory tow hitch setup

Anonymous · ‎11-15-2015

@Anonymous wrote:
@Anonymous wrote:
Went ahead and went by the Acura Dealership (TX) and got the lease. No issues with TU as they only looked at my EQ score (728). Thanks everyone for your advice as it helped alot. FYI got the 2016 Acura MDX with Tech/Watch packages. Hit me with any questions you like.

Thanks again

Congrats... What's ur amount due at signing.. What's ur monthly payment?? How many months for payment?? What's ur allowed miles per year and how much for miles over the allowed.. Asking cuz I got one too. But I financed it for 60k it's the 925 a month for 72 months with zero down. I got a SH AWD blk/blk advance/tech with factory tow hitch setup

@Due at signing is 4100 ... (I had about 2K in neg equity on my trade in) 36 months @ 605 per month. 15K miles per year. 2WD Blk/Blk tech/watch added LED kick plates.