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Can I Lease a Car with Bad Credit?

car finance paperwork being signed


Wondering if you can lease a car with bad credit near Palmetto? The answer is yes. However, you’ll want to keep in mind that rates and options vary by lenders. You will need a credit check, but do not be discouraged if you have bad credit or no credit. Often, it is easier to lease a car with bad credit than it is to finance, and leasing offers lower monthly payments than financing, as well. At Cox Mazda, we are here to help you. No longer worry if can you lease a car with bad credit? Instead, contact us to see how we can help you get back on the road.

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

Like anything else, good credit also makes it easier to lease a car. There will be a credit check, and if you have good credit, you can lease a car with lower monthly payments and security deposits. While you can lease a new car with bad credit, your deposit and monthly payments will be higher, but you will pay less each month than you would if you were to obtain a car loan to buy a vehicle.

Tips for Lower Lease Payments with Bad Credit

Is it easier to lease a car with bad credit than to finance? Yes; however, the rates will determine how high monthly and down payments will be, and they may not always fit the budget of every Tampa driver. With that said, customers with bad credit can still find excellent lease deals. Here are some tips for lower lease payments for those who have bad credit:

  • You will need to find a car, truck, or SUV that fits your budget. You can always check with us about how much a car you would like will cost you to lease each month.
  • You should check your credit score before you apply for a lease. If you can hold off, see if you can spend a few months building up your score.
  • Save money to make a larger down payment, as well as prepay for the first few months. It shows stability to lenders and could allow for better lease terms.
  • You will need proof of income, so bring several copies of pay stubs for the past few months. Therefore, lenders can know that you can afford your lease.

Can You Lease a Car With Bad Credit at Cox Mazda?

Now that you know that you can lease a new vehicle with bad credit, we hope you choose us the next time you lease a car. Talk with us about whether it is easier to lease a car with bad credit than to finance, or to walk you through all the steps of how to lease a car with bad credit. You can talk with us Sarasota drivers about your leasing options based on your credit; we can work together. Visit our dealership in Bradenton and take a look at our new vehicle inventory and our new vehicle specials!

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Cox Mazda 27.4618091, -82.5926101.