Can I Lease a Car with Bad Credit?
“Can I lease a new car with bad credit?” Yes, you can! Keep in mind that car leases do require a credit check, so the better your credit score, the better your lease deal will be. The benefit of leasing for customers with bad credit is that your monthly payments will likely be lower than if you financed the car. Allen Samuels Auto Group has details about leasing with bad credit.
Is It Easier to Lease a Car with Bad Credit Than Good Credit?
Because a new car lease requires a credit check, leasing with good credit always easier. When you have a good credit score, you will be able to take advantage of lower monthly payments as well as a lower security deposit. Your deposit and monthly payments will be higher if you have bad credit or have yet to establish credit. If you financed your vehicle, however, you would still have even higher monthly payments.
How to Enjoy Lower Lease Payments with Bad Credit
If your credit is less than ideal, don’t worry. Our finance team would still gladly work with you to secure an affordable lease on the car of your dreams. Keep the tips below in mind to get the best deal possible.
- When choosing a car to lease, be sure to stick to your budget. Don’t select a car with features you don’t need.
- Check your credit score before applying for a lease, so you can have a better idea of your overall financial situation.
- If you are able to make a bigger down payment, it is a good idea to do so. This can help you save on your payments each month.
- Bring several months of pay stubs as proof of income. This helps us see if the lease you want is within reach.
Can You Lease a Car With Bad Credit at Allen Samuels Auto Group?
It is possible to lease a car with bad credit at Allen Samuels Auto Group. Stop by the dealership today to speak with one of our financial experts. We can walk you through the car-buying process, so you know you are getting a great deal. Contact us today with any questions. We also have details on lease buy-outs.
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