How to Build a Solid Credit Profile?

[TrueApe112]

I'm having trouble getting a lease on the car I want (the car is 70,000 USD)

My credit score is good but I don't have any lending history.

I've decided I'm going to buy the car and looking at a partial finance setup. This would keep taxes low and help me build an auto loan history for the future.

I'm trying to figure out how much I should pay cash and how much I should finance in order to get accepted for a lease in the future?

I assume the monthly payments are going to help a lot with my future leasing options but I don't know how much to borrow now to ensure that I would get a lease on an expensive car in the future...

Should I do half cash and half finance?

Can anyone share any advice?

[fredjacksonsan]

Sooo many variables with lease options and your personal situation. I've never leased a vehicle, but worked with a guy that used to do leases. My takeaway?



This will probably take a sit-down with the lease guy. See what they have to offer. I'd first ask him how much down he requires, then go from there asking what better deals you can get with more down.

They should be able to crunch the numbers for you while you're sitting there.


In general, I'd be inclined to not tie up a bunch of money in a lease unless I had to, leaving it liquid for something else.