Can I Lease a Car with Bad Credit?

If your credit score is less than ideal, you may be wondering, “Can I lease a car with bad credit?” Fortunately, the answer to this question is yes. It is possible to lease a new car with bad credit. The finance experts at Alexandria Volkswagen would be glad to explain how. We want you to be able to get behind the wheel of a safe and reliable vehicle you’ll love at a price you can afford.

Is it Easier to Lease a Car with Bad Credit?

If you plan to lease a new car, you will still have to undergo a credit check. Because of this, securing a lease is easier if you have good credit, and with better credit, you will be able to enjoy lower monthly payments and a lower security deposit. While you can lease a car with bad credit, keep in mind that you will have higher monthly payments and a higher security deposit is needed. A bonus of leasing is that leasing is still more affordable than taking out a loan if your credit score is not where you want it to be.

Lower Your Lease Payments with Bad Credit

If you plan to lease a car with bad credit, there are ways to ensure you are getting the best deal possible.

• Set a budget and stick to it. Make sure you are choosing a vehicle that has just what you need. You can use our payment calculator to help determine what your monthly payments could look like.
• Check your credit score before you apply for a lease. There are ways to boost your score, such as making all of your payments in full and on time.
• If you can make a larger down payment, it is a good idea to do so. It could lead to better lease terms.
• Bring several months of pay stubs as proof of income. This lets the dealership know whether you will be able to afford the monthly payments on the vehicle of your choice.

Can You Lease a Car With Bad Credit at Alexandria Volkswagen?

At Alexandria Volkswagen, it is our goal to help you find an affordable auto lease on the vehicle of your dreams. Contact us today if you have any questions. In addition, be sure to take a look at our new vehicle specials to help you save even more.