| You may think that you are never going to be able to | | | | possible so there is no need to feel discouraged or |
| have a new vehicle if your credit isn't the best, but in | | | | ashamed of your poor credit rating. |
| fact it is actually easier for a person with bad credit to | | | | Another reason that it is more difficult to get a car |
| buy than to lease. The reason for this is that leasing is | | | | lease with bad credit is because if the person who is |
| considered by finance companies to be a higher risk | | | | leasing the vehicle misses a payment then the leasing |
| than buying with a loan due to the fact that a down | | | | company stands a greater chance of losing money if |
| payment is often not required and that the outstanding | | | | the end car ends up having to be repossessed. |
| amount that is owed on a lease almost always | | | | Even with a good credit score you could still be turned |
| exceeds the worth of the vehicle for most of the term | | | | down for a lease if you have an excessively high debt |
| of the lease, which is a result of the low monthly | | | | load when compared to your income. Lease |
| payments. | | | | companies may not be willing to let you add more debt |
| The downside to leasing with less than perfect credit | | | | as it increases the probability that you will have |
| though, is that you will no doubt be charged a higher | | | | problems making the payments down the road. |
| interest rate than those with perfect credit. You might | | | | If your credit rating is especially poor, another option |
| also have to put down a considerable amount of | | | | may be to get yourself a co-signer. The co-signer |
| money. Also, you may also have to pay a refundable | | | | must be someone with a better credit score who is |
| security deposit, or you may even end up having to do | | | | willing to take over the payments in the event that the |
| all three of the above mentioned things. | | | | primary borrower fails to make the required payments. |
| Leasing credit requirements can vary between | | | | This is an excellent way to restore a good credit rating |
| different banks, dealerships and leasing companies so | | | | and enable you to get a car lease even with bad |
| it definitely pays to shop around when you have a less | | | | credit. |
| than perfect credit score, but just remember, it IS | | | | |