Can I Lease a Car with Bad Credit?

January 17th, 2019 by

Key from the car and the calculator on money.If you’re wondering if you can lease a new car with bad credit, you are not alone. Car leases do require a credit check, so if you are looking to get the best lease deal possible in White Lake than excellent credit can help. However, leasing can also be a great option for customers with bad credit, as leases usually offer lower monthly payments compared to financing. Drivers from Walled Lake and beyond can find out about leasing with bad credit today with the finance team at Szott M59 Dodge Ram.

Is It Easier to Lease a Car with Bad Credit Than Good Credit?

Since leasing a new vehicle does require a credit check, having good credit is preferred. Good or excellent credit often results in lower monthly payments and a lower security deposit. Bad credit can require a higher deposit and higher monthly payments. However, even with bad credit, you’ll still pay less than if you take out a car loan to buy a car.

Tips for Lower Lease Payments with Bad Credit

Even if you have bad credit, customers from Commerce and beyond are able to find a great lease deal at Szott M59 Dodge Ram. Secure the best price possible with these tips:

  • Find a car within your budget to lease. Use our online payment calculator to find out how much you’ll pay on a monthly basis.
  • Check your credit score to a better understanding of your overall financial situation before you apply for a lease.
  • Make a larger down payment. If you prepay for the first few months, that might allow for better lease terms.
  • Bring several months of pay stubs as proof of income to help us know you can afford the lease you’re looking for.

Can You Lease a Car With Bad Credit at Szott M59 Dodge Ram?

At Szott M59 Dodge Ram we have finance experts on staff who can help you qualify for a lease that works with your budget. In addition, if you decide that financing is a better option than leasing, we’ll assist you with avoiding high interest rates on your auto loan. For more information on loan terms and conditions, feel free to contact us or apply for financing online! Thinking about leasing a Dodge Durango? Explore the towing capacity and tech features you’ll get from this family-size SUV.

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