Is it possible to lease a car with less than perfect credit?

Question

I don't owe money anywhere, but in the past I have had problems with paying off my student loan and credit card...

Answer 1

No No and NO, sorry to be very blunt, you most repair you credit here is a link that will help you understand how to get your credit score back.http://www.usedcartips.org/CREDI.html

Answer 2

Yes you can!!! Leases are partially based on credit score, but credit is something that can be worked on. Credit in the auto industry is tiered - the best leases are for Tier 1+ credit, then there's Tier 1, Tier 2, and so forth. If you're working with a good, reputable dealer, they will be able to get a tier exemption and bump you up to at least Tier 2, which can also qualify you for some lease incentives that are available. One consideration to keep in mind if your score is low is that the payments will likely be higher than advertised because manufacturers and dealers often list the monthly payments for the Tier 1+ customers to draw people in on a possible low monthly payment.

So, to answer your question in fewer words - yes it is possible for you to get a lease, just be prepared to either put more money down up front, or pay a little bit more each month than someone with "perfect" credit.

Answer 3

it all depends on the financial institution funding the lease. some are tough, some are easy. only way to know is to apply. you can apply online for many mfgs, such as chrysler, gm, bmw etc. then all you do is bring the approval to the dealer.

But, dealers can work over the bank a little, so sometimes if your credit is shakey, a dealer can get it done when you are told no.

Answer 4

it's harder to lease a car than to get a regular loan. you'll need a credit score above 600 to get either.

Answer 5

You possibly could. Talk to them at the dealership. I would think they have higher rates for people with shaky credit. Good luck.