Can you lease a car with bad credit? This is one of the questions we hear most often from car buyers in Duluth and Lawrenceville. While bad credit can certainly make it more difficult to get a low-interest financing loan, the answer is yes — you can lease a new car with bad credit. Leasing is a great option if you have bad credit, because their lower monthly payments make it easier for buyers to get approval. To learn more about how you can lease a new car with bad credit in Suwanee, read on for helpful car buying tips from the finance professionals at Rick Hendrick Chevrolet Duluth.
Is it Easier to Lease a Car with Bad Credit?
Is it easier to lease a car with bad credit? When customers come to our finance experts with this question, we’re happy to tell them that yes, you’re more likely to be approved for a lease plan than a finance plan if you have bad credit. Keep in mind that a new car lease still requires a credit check, and a bad credit score may mean a higher deposit and higher monthly payments. Check out our Chevy lease offers and financing incentives for limited time discounts, and read up on the following tips for buyers with bad credit:
Find a car within your budget to lease. Contact us or utilize our monthly payment calculator to find out just how much you’ll have to pay on a monthly basis.
Consider leasing a used vehicle. Even a low-mileage vehicle from a recent model year will cost you significantly less than a new vehicle, so it’s worth looking at used or certified pre-owned vehicles. You can also find plenty of higher-mileage vehicles that are in great shape, at a terrific value for the price.
Check your credit score before you apply for a lease. That way you can have a better idea of your overall financial situation, making it easier to negotiate your lease.
Make a larger down payment. If you prepay for the first few months, lenders might be lenient about your credit score and give you better lease terms.
Bring pay stubs as proof of income. If your low credit score is due to past financial hardship or outstanding debt from schooling or medical bills, but you currently have stable income, you’re a great candidate for a bad credit lease. Several months’ pay stubs will show lenders you can afford the lease you’re looking for — so when you’re asked, “Can you lease a car with bad credit?” you can say “yes” with confidence.
How Can I Lease a Car with Bad Credit at Rick Hendrick Chevrolet Duluth?
Our team of financing professionals can work with you to find a lease that fits your budget. If you decide that financing is the best route for you, we offer flexible plans to get you the lowest interest rates possible on your auto loan. For more info on loan terms and conditions, contact our finance center or apply for financing online today.
Rely on Rick Hendrick Chevrolet Duluth for Lease Offers to Fit Your Budget
So, can you lease a car with bad credit? The answer is yes, but there’s a lot to keep in mind! Bad credit doesn’t mean you’ll never be able to lease or finance a new car in Johns Creek. If you have any more questions, don’t hesitate to get in touch!
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