2007-08-01 12:38:20 · 3 answers · asked by MICHAEL P 2 in Cars & Transportation ➔ Buying & Selling
Yes, but better do it fast because a dealership with bad credit won't last long.
If you meant you are the one with bad credit, they will look at your credit rating when you apply for the lease. It is almost the same as buying, except that in a lease you are renting miles rather than buying the vehicle. They may approve you, depending on various factors, tell you that you need a co-signer, or tell you to go away. You won't know until you try.
2007-08-01 12:53:53 · answer #1 · answered by oklatom 7 · 0⤊ 0⤋
To qualify for a lease you generally need to have good credit. It's easier to get a loan with weak credit than a lease.
Dealerships do not lease vehicles. They are leased by banks and other finance companies such as the captive finance arms of the manufacturers, such as GMAC, Ford Credit, etc. The dealer facilitates the lease but is not a party to the transaction other than that of supplier.
2007-08-01 12:53:50 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
There is nothing to worry about bad credit if you need to lease just a vechile, however i would suggest you to clear your bad credit first. Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved onarrange loans or other finance, and usually means you will pay more interest on any loan you take out.
2007-08-01 13:36:36 · answer #3 · answered by Anonymous · 0⤊ 1⤋