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Credit for a lease is no different than that of a purchase. However, it's important you don't freely share your social security number with more than one agency be it a leasing company or a car dealer. Inquiries are as bad for your credit as a slow pay or non payment, if there are too many of them. Unbeknownst to you, car dealers take your credit application and pull your credit themselves. They then blanket your credit application to all their lenders looking for the first approval and can literally put ten to thirty inquiries on your credit in a single day. Leasing companies (more often than not) do exactly the same thing. They do not seem to care it takes months, sometimes years, to remove this from your credit report. They just want the quickest most profitable deal. At Trophy Leasing we have experience as lenders and credit professionals. Many of us come from finance departments at dealerships. This gives us the unique ability to deduce from your credit score, debt ratio, assessed payment, and any possible fees, which lender is uniquely suited to provide your loan at the best rate and terms possible for your individual needs. Thereby minimizing the amount of people seeing your private credit information - and helping you to maintain your hard earned credit score. There are times you'll need your credit soon after a car loan and you will want it every bit as high as when you bought the car.At Trophy Leasing we use:
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