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HOW does a car lease appear on your credit? *NOT IF*

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Established Member

HOW does a car lease appear on your credit? *NOT IF*

I earn $200K a year and my 15 year old Corolla finally broke. I will be leasing a new Altima $190 per month but the invoice price is $22 000. 

 

The question is: Will my credit report show ($190 * 36 months) or $22 000, the invoice price?

 

The question is not, IF the lease shows on my report. I know it will show on the report.

 

Thank You

3 REPLIES 3
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Regular Contributor

Re: HOW does a car lease appear on your credit? *NOT IF*


@Mikey41 wrote:

I earn $200K a year and my 15 year old Corolla finally broke. I will be leasing a new Altima $190 per month but the invoice price is $22 000. 

 

The question is: Will my credit report show ($190 * 36 months) or $22 000, the invoice price?

 

The question is not, IF the lease shows on my report. I know it will show on the report.

 

Thank You


$190*36 because that's all you are borrowing

FICO 8 - 849
Message 2 of 4
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Super Contributor

Re: HOW does a car lease appear on your credit? *NOT IF*

It will only report $190 for 36 months and not the invoice price..

Message 3 of 4
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Contributor

Re: HOW does a car lease appear on your credit? *NOT IF*

They're correct. It will show the price your paying for the vehicle not the actual price OF the vehicle. Gm financial reports like 10k on my credit report as compared to the sticker price since that's all I've actually borrowed!
Message 4 of 4
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