Does leasing a car build your credit?

If you use your car for business and deduct car depreciation as a business expense, leasing may offer a bigger tax break. Consult your tax advisor first. Before you leave your opinions on the buy or lease debate in the comments (and I hope you do), remember there are always exceptions. read more

Leasing a car can be a good way to improve your credit score. However, credit score improvement takes time, and getting a new lease may actually harm your score at first. If you can demonstrate to lenders that you can handle your lease payments responsibly, your lease should reflect well in your credit report over time. read more

We are sometimes asked whether leasing a car can help you build credit and the answer is, yes it can. In terms of credit reports and credit scores, the effect is the same whether you choose to purchase or lease your vehicle. read more