Leasing a car can be a great way to save on your next car purchase, but having a strong credit score can be a huge asset in getting a great deal. If you don’t have the best credit, you may be wondering: “Can I lease a car with bad credit?” There are still ways you can lease a car with bad credit, as you’ll have a lower monthly payment instead of financing. Learn more from the automotive finance experts at Courtesy Acura.
Is it Easier to Lease a Car with Bad Credit Than Good Credit?
So, is it easier to lease a car with bad credit over good credit? Not necessarily, as good credit will ensure you a lower monthly payment as well as a lower security deposit. As a result, having bad credit will require you to pay a higher deposit and monthly payments. Nevertheless, leasing no matter your credit score will have lower overall payments than if you were to take a loan out to finance a car.
Tips for Lower Lease Payments with Bad Credit
Even if you have bad credit, there are plenty of ways you can score a fair deal on a car lease. These are just some quick tips to help you get your finances in order and land a great lease price:
- Find a car within your budget to lease. Reach out to your local dealer to find out just how much you’ll have to pay on a monthly basis.
- Check your credit score before you apply for a lease. That way, you can have a better idea of your overall financial situation.
- 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. That way we know you can afford the lease you’re looking for.
Save More On Your Next Vehicle Purchase at Courtesy Acura
Now that you know more about how you can lease a new car with bad credit, you can find even more car-buying tips from Courtesy Acura such as trading in a financed car and how much is GAP insurance. And, our finance team is always on hand to answer all your questions and show you more ways you can save on your next vehicle purchase with our various lease specials. Contact us today to learn more and to schedule a test drive near Highlands Ranch.
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