When thinking about buying a car and a house, there are a few essential factors that you should keep in mind. 1. Your Credit Score 2. Your Debt-to-Income Ratio (DTI)
Being a responsible homeowner can indeed help you build your credit score over time, in the short term, your credit score can drop quite significantly up to 14 points!
The main difference is that you will make mortgage payments amortizing. Car payments will typically be towards simple interest add on loans.
If you make all the payments on time, leasing a car can positively impact your credit score.
The amount of time you should wait to buy a house after buying a car depends entirely on your financial situation.