Leasing a car with no past credit history can be difficult. Car dealers typically want to lease vehicles to individuals who are most likely to make their lease payments on time every month and who are least likely to default on their monthly payments. When you have no credit established, it isn’t as easy to …
The car dealership can definitely see your credit card balances. This information is readily available on your credit report and upon checking your credit, the dealer will have access to all your credit accounts including your credit card accounts. In spite of this, there is no reason to worry about them having access to this …
Can a Car Dealership See Your Credit Card Balances?Read More »
Leasing a car definitely helps build credit. Leasing a car is actually an excellent way to help build your credit because it requires you to make a payment every single month until the end of the lease. As a result of this hefty responsibility, having an auto lease on your credit report is much more …
The rent charge on a car lease refers to the total sum of finance charges that the lessee will pay over the entire term of the car lease. The rent charge is also known as the “lease charge” and it is one of the three components of what is paid for over the term of …
Many people who suffer from bad credit often wonder whether they can lease a car with bad credit. While having bad credit puts you in a risky position from the point of view of the leasing company, it isn’t entirely impossible to lease a car with bad credit. In fact, most banks and finance companies …
A lease price is quite often negotiated lower than the MSRP. The lease price, which in technical leasing terms is known as the “selling price” or “gross capitalized cost,” is used to come up with the monthly car lease payment. The lower the selling price of a car, the lower the monthly car lease payment. …
When shopping for a new car to lease, many people tend to visit car dealerships without much prior preparation or knowledge about car leasing and what it entails. Most people will probably have a fair idea of the make and model vehicle they are interested in leasing, but knowing this piece of information by itself …
Yes, car leases do appear on your credit report! They typically appear on your credit report as “installment loans” or “installment accounts.” An installment loan refers to a type of loan that requires you to pay a certain amount of money in a fixed amount of time. A car lease is listed under the installment …
If you watch television or listen to the radio often or regularly, you most likely have heard automobile commercials use the phrase “tier 1 credit.” For example, a commercial on TV or the radio may specify a particular lease deal on a particular make and model of car and subsequently mention that the deal is …
In this video, learn the secret formulas that dealers use in order to calculate car lease payments from start to finish. By learning the formulas that dealers use, you will fully understand what a lease payment consists of, which allows you to better negotiate a good deal on any future car leases.
