Quote:
Originally Posted by cudvig
Why would I take out a loan, worsen my credit, pay 300+ a month, and then who knows in 3 years if that car will be worth the same amount as the loan. Then try and buy a house, oh wait my credit sucks, back to square one.
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Quote:
Originally Posted by cudvig
I realize it will go on my credit report, but once I return the car on lease it will then go off, Correct?
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Are you under the impression that a loan hurts your credit rating? Unless you plan on being late on your payments constantly, an auto loan will help you BUILD credit if you are responsible and make your payments on time. Simple really...
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