Auto Leasing with Bad Credit
This is because there are some lending companies that will not look at a consumer if they have a score below 620.
This means that you can lease a new car, even if you have a 500 credit score.
Another option you can take is a lease to own vehicle, or sometimes called rent to own.
Can I lease a car with 600 credit score?
A Credit Score Below 600 is Considered a Subprime Lease
According to most experts in the field of auto financing and leasing, the best lease terms are reserved for those with credit scores above 700.
Can you lease a car with poor credit?
If your car lease application is turned down because of your poor credit score, there are still some alternatives that can put you behind the wheel. Leasing companies typically require a credit check on the drivers taking over the lease, but requirements may be less stringent than those for an original lease.
Can I lease a car with a 550 credit score?
Credit Scores Below 550
Have a score of 550 or lower? You are generally out of luck unless you can bring your score up. Even if you do get approved, it will require a large down payment. You would be better off using that money to buy a used car than to take on monthly payments with an extremely high interest rate.
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