2006-07-18 08:43:57 · 5 answers · asked by curious 1 in Cars & Transportation ➔ Buying & Selling
In general, you have to have far better credit to lease than to buy. With average credit, you would need a deposit, with outstanding credit the deposit would be waived. With poor credit, you can not lease.
Debunking the above: Co-signing does not overcome BAD credit, just NO credit.
Also, credit unions do not lease cars.
2006-07-18 09:06:47 · answer #1 · answered by Manny 6 · 0⤊ 0⤋
To lease a vehicle? I would say above 550! Just "inquire" at a local credit union and go from there. Go to the bank/credit union BEFORE you go shop for the car.
2006-07-18 08:50:05 · answer #2 · answered by Diamonds_4Ever 3 · 0⤊ 0⤋
That depends on what your credit is. If you have any repos on your report. It will be a no go. GMAC does not waive security deposits if your credit is good. They waive them when it is a special, like some security deposits on GM vehicles are being waived now. Depending on credit co-signers can help with poor credit. There are alot of factors involved.
2006-07-18 09:41:41 · answer #3 · answered by gmautobrokers 2 · 0⤊ 0⤋
Doesn't matter if you have a co-signer with good credit... like your mom.
2006-07-18 08:46:37 · answer #4 · answered by Sheriff Liz 3 · 0⤊ 0⤋
What are you leasing?
2006-07-18 08:48:51 · answer #5 · answered by §†êþhåñïê»-(¯`v´¯)-» 3 · 0⤊ 0⤋