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Can I Lease a Car with Bad Credit?

happy woman with car

If you’re wondering if you can lease a new car with bad credit, the answer is yes! Keep in mind that to get a car lease, you will need to undergo a credit check. To get the best deal possible, you will want to boost your credit score as much as you can. A benefit to leasing for customers with bad credit is that monthly payments are usually lower than they would be with traditional financing. Drivers from Louisville, KY and beyond can find out about leasing with bad credit today.

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

As with traditional financing, it is easier to lease a car when you have good credit than it is with bad or no credit. The better your credit score, the lower your monthly payment and security deposit will be. Bad credit can require a higher deposit and higher monthly payments. However, you’ll still have to pay less than if you take out a car loan to buy a car.

How to Achieve Lower Lease Payments with Bad Credit

Even if your credit score is less than ideal, it doesn’t mean a great lease deal is out of reach. The following tips can help you find the best offer at Don Franklin Auto:

  • Make sure you stick to your budget when choosing a car. Contact us to find out just how much you’ll have to pay on a monthly basis.
  • Before applying for a lease, remember to check your credit score. That way you can have a better idea of your overall financial situation.
  • If you can make a bigger down payment, it is a good idea to do so. It can possibly help lower your monthly payments.
  • Bring several months of pay stubs as proof of income. That helps the dealership know if your monthly payments will be affordable.

Can You Lease a Car With Bad Credit at Don Franklin Auto?

An affordable lease with bad credit is possible at Don Franklin Auto. If you have any questions about the financing process, do not hesitate to contact us. We would be glad to assist you. We can also address any questions you have about liability insurance.

 

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Don Franklin Auto 37.996606, -84.442716.