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Discussion in 'Credit Talk' started by molly, Apr 29, 2001.
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One warning...OVER MILEAGE CHARGE IS BIG $$$
I only drive 7500 miles a year. I had my old car 3 1/2 years and only drove it 19,000 miles. Actually, thats only about 5500 but I transfered to a different school so it will be a little more. I am figuring on 7500 -8000. Thanks for the warning.
Maybe it does. All I know is the total value of your lease is submitted and each monthly payment brings it down until the last payment equals zero. How that helps your score, I don't know for sure. This was the case with Toyota.
My last car was a lease. It showed on my CR's as an Installment account. Although the name of the company was "FIRSTAR NA RETAIL LEASE". Other than that it looks exactly like my current car loan.