Just like having a phone contract or credit card, when you pay monthly for something it will reflect on your credit score. Leasing your new car will also affect credit score. What is great is that if you make your payments on time it will probably help your credit score.
Having a better credit score helps you to get better mortgage and credit cards deals.
Should you choose a leasing broker or a dealer for your next lease car?
Suppose after reading all the articles and looking on line at the offers you have finally decided that leasing is for you. For some people, the fixed monthly payment, which can include tyres and regular maintenance, is suited to how they live.
Yes you may be able to lease your next car from your local dealer, but he is limited to his own franchise rather than being able to supply virtually anything. Conversely he can offer you on-site service for your new car and knowledge of the product.
It perhaps boils down to whether you have a dealer close to you who happens to supply the make and model that you want, or whether you want a new model of another brand that is on offer at the broker.
Clearly it is not always an easy answer, but before you do, there are seven questions to ask.
Learn more about car leasing and bad credit here in our other help and advice articles…