How to get a lease with bad credit?

What to Do to Get Approved for a Lease If You Have Bad Credit A large down payment on a lease may help. A trade-in vehicle might offset some upfront risks, making you slightly more appealing to the lender because you’ll be adding more money toward your lease.

Are car leases subject to credit approval?

Much like auto loans, leases are typically subject to credit approval. When you apply for a lease, a car dealership or leasing company will usually consider your credit history and other factors, including your credit scores.

Can you lease a car with bad credit?

But if you want to lease a car and have bad credit, it could be difficult to get approved. And if you are approved, you’ll likely be charged a higher financing cost. Depending on your financial situation, it might make sense to consider alternatives, like buying a used car or taking over someone else’s lease.