It’s possible to lease a motor vehicle with bad credit, however it’s perhaps perhaps perhaps not typical. Even when a leasing company provides credit that is bad, they might need extra money at the start. This can be known as a safety deposit, and unlike a car loan deposit, you will get it right right back during the end associated with rent.
Bad Credit Leasing Skills
Most of the time, leases are reserved for customers with good credit (a FICO rating with a minimum of 660). Nevertheless, some car that is major, such as for instance Kia, offer lease discounts to individuals with very poor credit.
If you’re considering leasing, are you aware the required steps to have authorized with bad credit?