Can I Lease a Car with Bad Credit?
Are you interested in leasing a car but find yourself asking: can I lease a car with bad credit? Costa Mesa drivers who have this question are in luck because it is actually easier to lease a car with bad credit as opposed to buying a car with bad credit. It’s important to keep in mind that while leasing may be the best option, you’ll still need to have a credit check. Nevertheless, Weir Canyon Acura in Anaheim is here to help guide you through the process of leasing a car, even if you don’t have the best credit. Keep reading to learn more about how you can lease a new car with bad credit.
Is it Easier to Lease a Car with Bad Credit?
Are you wondering: is it easier to lease a car with bad credit? The answer is yes. However, when it comes to leasing or buying a vehicle, it’s always an easier process to get a new car if you have good credit. A good credit score means that your newly leased vehicle will have lower monthly payments and a lower security deposit. On the other hand, bad credit might result in you spending more money in the long run: you will have to pay a higher deposit and will have higher monthly payments. Ultimately, if you do have bad credit, most of the time leasing will be a more cost-effective option rather than buying.
Steps You Can Take to Lease a New Car with Bad Credit
Tustin drivers with bad credit are not out of luck if they want to lease a new car. Here are some potential steps you can take to lease a new car with bad credit:
- Find a vehicle that falls within your budget to lease.
- Once you’ve found a vehicle, check your credit score before applying for the lease. Knowing your credit score beforehand will give you a sense of where you stand financially.
- Have several months of pay stubs readily available to show proof of income. This will help our finance team determine what kind of lease will work for your budget.
- Once you’ve decided on a vehicle, make a larger down payment. Prepaying for your lease within the first few months of obtaining your vehicle might result in better lease terms.
If you have any more car-related questions, take a look at these car buying tips to gain more insight on the vehicle purchasing process.
Visit Weir Canyon Acura to Lease Your Next Vehicle!
Now that you know that you can lease a new car with bad credit, browse our inventory to find the Acura that fits your budget. Check out these new vehicle specials and national offers and incentives to see if you save some extra cash on your new vehicle. Contact us to schedule a test drive or ask any questions you have about the leasing process. Weir Canyon Acura is here to help Montclair drivers get on the road in a new leased Acura that will make you and your wallet happy.