Can I Lease a Car with Bad Credit?

car finance paperwork

Columbia drivers with less than ideal credit may be considering alternatives to car financing. If that’s the case, you’re probably wondering if you can lease a car with bad credit, or if it is even easier to lease a car with bad credit. The answer is: absolutely.

While having a great credit score can help you get a lower monthly rate, leasing presents a good opportunity for drivers with tarnished credit. That’s because, in most cases, a loan with high interest rates will cost Irmo drivers more every month than a monthly payment for a lease, regardless of how your credit has affected your lease payment. Read on for specifics, and then if leasing sounds ideal for you, explore the unique advantages of leasing further.

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

It isn’t difficult to get a lease with bad credit, however, West Columbia drivers will be subjected to a credit check. So, can you lease a car with bad credit? Yes. Will your credit score affect your monthly payments when you lease a new car with bad credit? Yes. But, as we mentioned earlier, it will probably be less expensive each month than paying high interest rates on a loan.

Tips for Lower Lease Payments with Bad Credit

Now that Aiken drivers have an answer to the question, “can I lease a car with bad credit?”, and you know that, in most cases, it is easier to lease a car with bad credit, it’s time to see how you can get the lowest payment possible on your next lease.

  • Find a car within your budget.
  • Check your credit score before you apply to lease a new car with bad credit. That way you can have a better idea of your overall financial situation.
  • Put together a larger down payment. The bigger your down payment, the more leverage you’ll have when negotiating for your lease terms.
  • Do you have bad credit but overall financial stability? Prove it. Bring pay stubs and bank statements to show them that you’re in a position to make your payments. That can give you more leverage when it comes to lowering rates.

Can You Lease a Car With Bad Credit at Honda of Columbia?

If you’re still asking yourself, “can I lease a car with bad credit?”, give the finance department at Honda of Columbia in Columbia a call. Our number is (803) 461-0185. We’re happy to answer any questions you might have about how to lease a new car with bad credit. If you have other questions related to the car buying process, consult our car buying tips for informative reads on topics like how to calculate interest on a car loan and an overview of the car finance process.

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4333 Sunset Boulevard, Lexington, SC, 29072
Honda of Columbia 34.020301, -81.155003.