Can I Lease a Car With Bad Credit?

Finance Agreement
 

Car buying and leasing are just two types of financing your next vehicle. You may already be familiar with leasing, the option that lets you pay less on a monthly basis and put less money down, while also being able to upgrade more easily every few years to a new vehicle. But what about bad credit leasing? “Can I lease a car with bad credit?”, you may be wondering to yourself. The answer, in the vast majority of cases, is a resounding “Yes!” Let’s get down to details now so you can get behind the wheel of your dream Alfa Romeo vehicle for less.

 

 

Can You Lease a Car with Bad Credit?

If you’re a Southlake driver and you’re wondering if you can lease a car with bad credit the answer is, “yes.” It is entirely possible to lease a car with bad credit — it’s just not an option at every Keller or Dallas dealership. Luckily, the Momentum Alfa Romeo finance center, home of the Momentum Convenience Lease, is happy to try to work with you to build a deal thats amenable to your needs and your credit situation.

How to Negotiate the Best Terms With Bad Credit

Bad credit car leasing is inherently riskier than leasing to someone with good credit. After all, the entire reason for the credit system is to weed out those lending prospects who are more likely to repay their loan installments on time vs. those lending risks who are more likely to default on their loan and get their vehicle repossessed. But as with anything probability-related, there are no absolute guarantees in the auto lending world, and we here at Momentum Alfa Romeo know that. Furthermore, we do not want you to feel “less than” because of a personal or business bankruptcy, restructuring, divorce, or death that impacted your credit. We know that life happens, and we want to help you rebuild your life with a stylish and sporty leased new vehicle or purchased affordable used vehicle! That said, when you’re looking to get bad credit financing, you’ll likely be facing a higher interest rate and thus, higher payments. Here’s how to negotiate and build a better deal for yourself in spite of your credit circumstances:

  • Make a larger down payment than is required to lower interest and reduce the size of monthly payments. This may require careful saving, but is well worth the effort.
  • Take a few months to pay off smaller debts to get your score in the best shape possible before leasing.
  • If your credit is blemished because of an issue that doesn’t necessarily reflect your financial behavior, bring us pay stubs and proof of your good financial habits!! If, for example, you pay your bills on time, but you took out a large business loan for a business that failed, yet can prove your financial responsibility by pointing to a financial history outside of that one time mistake, you could wind up getting a more favorable financing rate than you’d think!

Lease a New Car With Bad Credit Near Southlake

Ready to lease your next Alfa Romeo at Momentum Alfa Romeo in Hurst? We’re here to help make that happen! To get the process started, view our new inventory online and then apply for financing.

 

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