Does having any number of car leases impact one's credit score?

Does it count towards amount of credit debt I have and impact credit usage ratio?

1 Answer 1


In the US, a car lease is pretty much the same as a car loan for credit scoring purposes. Since payment history is the largest contributing factor to your credit score, timely lease payments are important.

  • Does it count towards amount of credit debt I have and impact credit usage ratio?
    – trusktr
    Aug 10, 2019 at 16:21
  • 1
    @trusktr Utilization is based solely on revolving credit accounts (credit cards/lines of credit), so any loan/lease/mortgage that has a specific end-date does not factor in to utilization.
    – Hart CO
    Aug 10, 2019 at 16:33
  • @HartCO: That's not accurate. Installment loan utilization is computed separately from revolving utilization, but it is computed and it does have an effect.
    – Ben Voigt
    Aug 10, 2019 at 18:00
  • @BenVoigt According to all the sources I looked at, including Experian, only revolving credit accounts factor into credit utilization: experian.com/blogs/ask-experian/credit-education/score-basics/… It does say installment loans do factor in 'another way', just not credit utilization rate.
    – Hart CO
    Aug 10, 2019 at 20:06
  • I'm not sure what this is if not a version of utilization rate specific to installment loans: "Proportion of loan balances to loan amounts is too high FICO® Scores weigh the balances of mortgage and non-mortgage installment loans (such as auto or student loans) against the original loan amounts shown on a person’s credit report. Your score was impacted because your proportion of installment loan balances to the original loan amounts is too high."
    – Ben Voigt
    Aug 10, 2019 at 20:19

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