Hi I was wondering can you lease 2 cars at the same time.?

Question

Like lease 2 cars one for me then one for another person ( another family member) under my name, knowing I have excellent credit.

Answer 1

If you have the income to support both lease payments, you may be able to lease two cars. Depending on the relationship between you and the other driver, they may or may not approve the lease. If you are expecting the other person to pay the payments on one of the leases, but they do not qualify then there is a problem.

If it is a married couple, or parent / child relationship it is easier to do than with a more distant relative.

The leasing company's main concern is to be sure that the person leasing the car is actually going to be the one paying. If you are expecting someone else to pay, then leasing the car may be considered fraud!

Answer 2

Yes you can do it if your credit report says that you can, but I wouldn't advise it. I've seen more people screw up a perfectly good credit record by taking on risk for someone who was less credit-worthy. If you even read Yahoo! Answers carefully, it's filled with sob stories about folks who screwed up their credit when they co-signed a loan for some relative.

Look, the credit system is supposed to determine how risky it is to do business with a person. Why would you want to lease a car for a person when the system says that they're unlikely to fulfill their end of the bargain?

Answer 3

You probably can, but if that family member wrecks the car, you'll be responsible for the remaining car payments I think...I had a friend who's father passed away, and the lease company wanted her to make the remaining lease payments on his car!!...She fought it and won, but be careful and read the fine print!!

Answer 4

yes it is possible with excellent credit.....just like having two loans

Answer 5

If you can afford it.