I am looking into a lease for a 2007 Lexus ES 350 for $38,000.
FICO's are as follows:
2 derogatory issues on my credit reports. Bankruptcy (chapt 7) discharged 6/02 and a judgement in 2/02 from a repo from 1999 from Wells Fargo.I have been working extremely hard to raise my scores and such. Don't want to bore you with the details:)
I have had 3 car loans in the last 2 years (all perfect payment histories) and all 3 paid off. I currently have an auto loan (a re-fi) with WFS for $25,000.
My accountant wants me to lease, says better benifits. But I want to be realistic. Should I bother with a lease or just finance again? I do not want to have an unneccesary inquiry on my report. Also, according to Myfico.com and their simulator, if I pay off all my credit card debt ($3000) that would bring my score to around 700.
Income varies, I sell Real Estate. Ranges from $56,000 last year and should clear around $80,000 this year.