Is it possible to lease a car with bad credit?
Leasing is a hassle-free, affordable way of driving a brand new car for a reasonable fixed monthly payment. However, even with car leasing, customers are still required to provide a good credit report in order to be considered for a finance agreement by a funder.
As a customer you must be able to prove that you will be able to afford the monthly payments as well as the initial payment, just as you would with another other type of loan or credit agreement. How do you achieve a good credit score? Well, firstly make sure you’re registered to vote. This may seem odd, but essentially registering to vote links you to a permanent address, which alongside a regular income proves your identity and confirms that you are able to afford the asset. This is further boosted by ensuring that all other credit card and loan repayments are paid on time. All these factors combined will improve your chances of being accepted for finance on a lease car.
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