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Leasing question

contractor
Established Contributor

Leasing question

OK, I searched, really I did. Can't find the answer but sure it has been asked a thousand times. Sorry.

I am new to leasing vehicles. How does a car lease code on CR's? Is it an installment just like if I had bought it?

TIA
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"No good deed goes unpunished"




There is nothing more simple, nothing more complex than the relationship between Country Boy and Dog.
Message 1 of 6
5 REPLIES 5
WhirledPeasPlease
Moderator Emeritus

Re: Leasing question

Mine looks like this:
 
-
- - - - -
- Account No.: **** ****  **** 
- Condition: Open Open Open
- Balance: $1XXXX $1XXXX $1XXXX
- Type: Auto Lease Lease Auto Loan
- Pay Status: Current Current Current


And yes, it is an installment loan.  Smiley Happy

Message Edited by WhirledPeasPlease on 08-05-2008 12:37 AM
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Message 2 of 6
contractor
Established Contributor

Re: Leasing question

Thanx Peas
/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\

"No good deed goes unpunished"




There is nothing more simple, nothing more complex than the relationship between Country Boy and Dog.
Message 3 of 6
WhirledPeasPlease
Moderator Emeritus

Re: Leasing question

You're very welcome!
 
(Now I'm just waiting for it to show PIF..  lol - can't wait to see if my scores change!)
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Message 4 of 6
cobra19
Valued Contributor

Re: Leasing question

If the lease is your only installment account, you will see a little drop in score. Otherwise, no.
New York Yankees - 2009 World Series Champions. 27... and counting.....
Message 5 of 6
WhirledPeasPlease
Moderator Emeritus

Re: Leasing question

Nope, not my only installment -- I still have about 17 other installment accts on EX and TU.
 
Both EX and TU have updated tho -- EX +4, TU +7 -- I'll take it!
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Message 6 of 6
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