You may be asking yourself, “Can I lease a car with bad credit?” Yes, you can! In fact, getting a vehicle from our St. Louis dealership is the perfect time to rebuild your credit. However, the exact rates and options you receive will vary by the lender. To decide if you should lease a new car with bad credit, review our guide from the Suntrup Automotive Group finance team!
Is it easier to lease a car with bad credit than it is to buy? Yes! Leasing also requires a credit check, which means that having excellent credit can help you achieve a better financing offer. However, leasing can also be a strong option for customers with bad credit, as leases usually offer lower monthly payments than financing. While you may have a larger down payment, you’ll still have lower monthly payments than if you were to take out a car loan.
If you can’t afford a new vehicle, leasing can allow you to drive away in a newer car that may not be within your budget. In addition, the lower monthly payments can help you rebuild credit faster through consistent automatic payments. When considering how to lease a car with bad credit, keep in mind these following tips:
Are you wondering, “Can I lease a car with bad credit at Suntrup Automotive Group?” You can find a variety of models available at our dealership near St. Louis, as well as a finance team that’s ready to help you secure the lease you need to drive your new vehicle home. Connect with us today, or pay us a visit when you’re on your way to St. Charles!
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Quick Answer Yes. Bad credit does not disqualify you from financing a vehicle in St. Louis. Subprime auto loans exist specifically for buyers in this situation, and dealership finance departments like Suntrup Automotive work with low-credit buyers regularly. You will likely pay a higher interest rate, and a down payment will improve your chances. The…
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