Can You Lease a Car with Bad Credit?

Finance Documents 

Can you lease a card with bad credit? Regardless of your credit history, the Auffenberg Ford Belleville Finance Center makes it easy to lease a new Ford! Leasing can be a strong option for Waterloo drivers with bad credit, especially because leases typically come with lower monthly payments than buying. Learn more in this guide from our finance team!

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

Just like taking out a car loan, leases require a credit check, and in both cases, it's often considered easier to finance or lease with good credit. That's because a strong credit score leads to lower payments, lower security deposits, and better lease terms overall. Leasing with bad credit often requires a higher deposit and higher monthly payments. Still, no matter your credit, you will pay less to take out a car loan than to buy a car in the Mascoutah area.

How to Lease a New Car with Bad Credit

Don't let your bad credit deter you! Customers from Columbia and beyond will find a great lease deal at Auffenberg Ford Belleville. Here are some tips on how to lease a new car with bad credit:

  • Browse the Ford lineup to find a car within your budget to lease. Get in touch for further information on how much you will have to pay on a monthly basis.
  • Get a sense of your overall financial situation before applying for a lease.
  • Factor a larger deposit into your budget if possible. Paying more upfront may allow for better lease terms.
  • Gather several months of pay stubs as proof of income, and bring them to the dealership. This way, we know you can afford your desired lease.

Lease a Car with Auffenberg Ford Belleville

Still asking yourself, "Can I lease a car with bad credit?" The financing experts on staff at Auffenberg Ford Belleville can help you qualify for a lease that works for your unique financial situation. Remember, you can always trade in your current vehicle, too, to offset the cost of your lease. For more information on lease terms and conditions, don't hesitate to reach out. We look forward to working with you!

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