Home buying in 8 months - need to buy out auto lease

[Susan Steele]

Will an unsecured lease buyout cause any issues on my credit (other than the hard pull), as we are preparing for a home purchase within the year? I have 95K in cash and do not really wish to pay cash for the auto. Bought it below market and has 10K miles so I figured best to keep it. I didnt want to have both husband and my credit ran and I may be able to just use my credit thus the reason for no traditional bank. Its through SunTrust. 

[David Kelly]

Buying out your lease is not a problem. If you do buy it out however, will it be paid in cash? If so, this will exclude a monthly payment and will help your DTI. If you do it along the process, all you would need to do is a rapid rescore to show that the lease has been paid/closed and no longer has a payment on the credit report. If you finance the car that would mean you have a payment and will need to be included in the DTI. @Caroline Gerardo Does this sound correct to you?