Does a car lease count on your credit as secured debt or simply a payment?
It's a debt.
Look on your credit reports. They are free once a year.
It will show the amount you would owe if you were to keep the lease the full term.
Get them free once a year at
Annual Credit Report.com
Please do not lease a car. Buy it.
Leasing is consider by Money Magazine to be one of the top financial mistakes a person can make in their lifetime.
Buy something smaller that you can easily afford and run it to the ground.
There is no better feeling than driving a car you own outright.
By leasing - you never reach that goal.
both, leases are debt contracts with payments
Copyright © 2024 QUIZLS.COM - All rights reserved.
Answers & Comments
Verified answer
It's a debt.
Look on your credit reports. They are free once a year.
It will show the amount you would owe if you were to keep the lease the full term.
Get them free once a year at
Annual Credit Report.com
Please do not lease a car. Buy it.
Leasing is consider by Money Magazine to be one of the top financial mistakes a person can make in their lifetime.
Buy something smaller that you can easily afford and run it to the ground.
There is no better feeling than driving a car you own outright.
By leasing - you never reach that goal.
both, leases are debt contracts with payments