Is It Easier to Lease a Car with Bad Credit Than Good Credit?
It’s usually easier to lease with good credit because monthly payments and the security deposit on a lease go down when the lessee is qualified, and go up when the lessee has bad credit. A new car lease does require a credit check to verify the lessee’s credit history. However, even if you have bad credit, a lease’s security deposit will be less than a down payment on the same vehicle, and monthly payments will be lower, even when you look at zero down car lots.
Tips for Lower Lease Payments with Bad Credit
Nashville customers can always find great lease deals at Bob Frensley Chrysler Jeep Dodge Ram FIAT regardless of their credit history, including bad credit zero down cars. But it’s best to review a few items to get the best price:
Review your budget, and determine the monthly payment you can afford.
Check your credit score to get a better idea of your overall financial situation.
Gather as large a sum as possible for your security deposit, and remember to value your trade. Even if it’s more than necessary for the vehicle you select, covering your first few monthly payments right way can allow for better lease terms.
Gather several months of pay stubs as proof of income.
Contact us to find out what kind of vehicle you can afford.
Can You Lease a Car With Bad Credit at Bob Frensley Chrysler Jeep Dodge Ram FIAT?
Bob Frensley Chrysler Jeep Dodge Ram FIAT’s finance experts can help you qualify for a lease that works for your budget. We’re the best among zero down bad credit car dealerships! In addition, if you decide that financing is a better option than leasing, we can help you avoid high-interest rates on your auto loan. For more information on loan terms and conditions, call us at 615-528-5104 or apply for pre-approval online! You can also stop by our lease and finance center near Old Hickory.
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