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How does a car lease appear on credit file?
Terryschocorange
Posts: 15 Forumite
Hi,
My partner is considering leasing a car for 24 months. Does anyone know how this will appear on his credit file? He is looking to pay around £200 for 24 months for a car that costs in the region of 18K. Would the total value of the car (18k) show up on his credit file or would it just be the payments that he has agreed to, ie £200 x 24 = £4800. I don''t really want him to have 18k of debt visible on his report if possible.
My partner is considering leasing a car for 24 months. Does anyone know how this will appear on his credit file? He is looking to pay around £200 for 24 months for a car that costs in the region of 18K. Would the total value of the car (18k) show up on his credit file or would it just be the payments that he has agreed to, ie £200 x 24 = £4800. I don''t really want him to have 18k of debt visible on his report if possible.
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Comments
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Hi, I have PCP - Personal Contract Plan (I believe) with Audi - I pay £135 a month and it shows on my credit file as £135 x 48 months but the debt is £17k
Hope that helps0
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