The car dealership can definitely see your credit card balances. This information is readily available on your credit report and upon checking your credit, the dealer will have access to all your credit accounts including your credit card accounts. In spite of this, there is no reason to worry about them having access to this …
Can a Car Dealership See Your Credit Card Balances?Read More »
Leasing a car definitely helps build credit. Leasing a car is actually an excellent way to help build your credit because it requires you to make a payment every single month until the end of the lease. As a result of this hefty responsibility, having an auto lease on your credit report is much more …
Some car leasers often wonder whether there is some sort of interest being paid on their monthly lease payments. Technically speaking, there is no “interest” on leasing a car, but that’s only because dealers use a different term for interest or interest rates when it comes to car leasing. You see, for financing the purchase …
There are plenty of reasons why people lease cars or prefer to lease cars instead of buying them. In the past decade or so, car leasing has actually become a popular way to drive a brand new vehicle for several years without the burden of owning it. In fact, according to the Bureau of Transportation …
What is the difference between the MSRP and the invoice price? The MSRP is the manufacturer’s suggested retail price which is also known as the “sticker price.” It is essentially the “suggested” retail price but it isn’t necessarily the price that dealers use as the selling price for their cars. Depending on various factors such …
The rent charge on a car lease refers to the total sum of finance charges that the lessee will pay over the entire term of the car lease. The rent charge is also known as the “lease charge” and it is one of the three components of what is paid for over the term of …
Many people who suffer from bad credit often wonder whether they can lease a car with bad credit. While having bad credit puts you in a risky position from the point of view of the leasing company, it isn’t entirely impossible to lease a car with bad credit. In fact, most banks and finance companies …
The difference between the gross capitalized cost and the MSRP has to do with two things. The first is pricing and the second is the actual price that is used to come up with the monthly lease payment. The MSRP, or the “sticker price” is the price that you’ll find printed on a car’s window …
What is the Difference Between Gross Capitalized Cost and MSRP?Read More »
A lease price is quite often negotiated lower than the MSRP. The lease price, which in technical leasing terms is known as the “selling price” or “gross capitalized cost,” is used to come up with the monthly car lease payment. The lower the selling price of a car, the lower the monthly car lease payment. …
When shopping for a new car to lease, many people tend to visit car dealerships without much prior preparation or knowledge about car leasing and what it entails. Most people will probably have a fair idea of the make and model vehicle they are interested in leasing, but knowing this piece of information by itself …
