One pay lease v Credit report/DTI Ratio

Off-Ramp
#1

Sorry if in wrong section mods please feel free to move

Wife and I are considering moving, to lower our DTI we are trading in our higher payment vehicles for a lower payment lease. My question is on a one pay lease, does it show that the lease is paid off, or does it show that the lease is $xxx/ mo for 24 months which still appears as a monthly expense

#2

i dont think it shows as paid off but it shows as $0 payments.

#3

I have seen it reported with regular lease payment as if you’re paying each month on time

1 Like
#4

My current one pay GMC lease was listed as ‘closed’ second month into a lease contract.

#5

Maybe it depends on which co handles the lease then…
Thanks all