Leasing question with Tiers?
#1
Driver School Candidate
Thread Starter
Leasing question with Tiers?
I'm kind of a bit confused with tiers and am maybe considering getting rid of my car and leasing a car hopefully before the end of december, if possible. I'm curious about something the sales assistant told me at the dealership though. He said due to my age it'd be better to have a parent cosign for me. Is that really necessary when I technically qualify for tier 1+ with my credit score? My parents would most likely help me with my monthly payments but I just don't see how if I already qualify for the top tier in financing why it'd be necessary to have a cosigner. Is it that I just odn't have enough history?
All help would be appreciated so I don't sound stupid when I go to look for a car.
All help would be appreciated so I don't sound stupid when I go to look for a car.
#3
Driver School Candidate
Thread Starter
I'm curious how much do MSDs actually work out to? Like is each MSD a percentage of the car or a certain payment amount? I understand that it is basically a security deposit that is held for the duration of your lease but how do you determine how much to put down?
#4
Driver School Candidate
Join Date: Jan 2008
Location: Texas
Posts: 29
Likes: 0
Received 0 Likes
on
0 Posts
I'm kind of a bit confused with tiers and am maybe considering getting rid of my car and leasing a car hopefully before the end of december, if possible. I'm curious about something the sales assistant told me at the dealership though. He said due to my age it'd be better to have a parent cosign for me. Is that really necessary when I technically qualify for tier 1+ with my credit score? My parents would most likely help me with my monthly payments but I just don't see how if I already qualify for the top tier in financing why it'd be necessary to have a cosigner. Is it that I just odn't have enough history?
All help would be appreciated so I don't sound stupid when I go to look for a car.
All help would be appreciated so I don't sound stupid when I go to look for a car.
Thread
Thread Starter
Forum
Replies
Last Post