How long should I wait to lease a car after getting approved for first credit card?

Don't ever pay for credit using credit. That's just asking for massive amounts of debt In any case, if you've only just gotten your first credit card, odds are your credit score isn't nearly high enough to get financing or a lease on a car. Buy a car in cash, and work on building a credit history.

You don't know a thing about car financing and credit. It's obvious from your question. First things first.

There is NO WAY that you would ever qualify for a new car lease. So as far as your original question is concerned. How long should I wait.

The answer is about 5 to 7 years. Your $300 credit limit on that card is the TOTAL amount of debt you are allowed to carry on your card. Buy two things worth $150 each and you are at your credit limit and you can no longer use that card until you pay the balance down.It is not based on the monthly payment of the car.

Buying a car on a credit card (even if you had a $30,000 limit) is a terrible idea. Interest on all credit cards is much higher than a car loan and the method of calculating that interest is completely different on a credit card than it is on a car loan.It would take you 40 years to pay off a $20,000 credit card balance if all you did was make the minimum monthly payments. With a car loan the balance is paid off in 5 years.

Get some financial advice. Learn a few things about credit, how to use it properly and how to avoid debt before you do anything else. If you don't you will regret it.

LOL You might be able to lease a car a few years after you have bought & paid for something worth $5000+ on credit and also have a full time job earning at least $25,000 per year. No new leases are $120 a month and you cant lease a car on a credit card. Most people who qualify to lease are at least 25 but just because you are 25 does not mean you can qualify to lease.

Leasing=REALLY BAD IDEA.

$300 limit will barely make a bleep on your credit. If it were $3000 then yeah. You need excellent credit to lease, talking about 730+ Fico which most 18 year olds do not have.It takes 5-10 years to build great credit.

You sound like someone who doesn't even have a job, let alone credit. Just go buy yourself a Sony Playstation and a driving game with that credit card, cause that's the only way you'll be driving a new car.

1. Do not lease. 2.

Try not to put the car on your card. 3. Where is the job to pay for all of this?4.

You need to factor insurance,fuel & other costs.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

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