Can You Lease a Car With Bad Credit?

If your credit score is not currently where you would like it to be, you may be wondering if your dream car is out of reach. A common question we receive is, “Can I lease a car with bad credit?” For many drivers in the Larchmont area, it is possible to lease a new car with bad credit. Dealerships like Mercedes-Benz of New Rochelle have established excellent relationships with local financial institutions to help each customer find a vehicle that meets their needs and budget. Learn more in the guide below. 

How to Lease a New Car with Bad Credit

Are you a Mamaroneck driver wondering, “Can I lease a car with bad credit?” The answer is likely, “yes.” Is it easier to lease a car with bad credit than to finance one? For most Bronxville drivers, it is easier to get approved for a new car lease than for new car financing. What’s more? When you lease a new car with bad credit, you make lower monthly payments, don’t have to put as much money down, and you pay less in sales tax. We’d be happy to work with you today. 

How to Get the Best Possible Lease Terms 

How can you lease a new car with bad credit and get the best possible lease terms? The steps below can help. 

• Make a larger down payment than requested if you are able to do so. This helps to lower interest and reduce the size of monthly payments. 
• If you do not need a new car immediately, take a few months to pay off smaller debts and give your credit score a boost. 
• Your credit report may have blemishes that do not reflect your current financial behavior. If this is the case, you can provide pay stubs and proof of your good financial habits. If you are prepared to demonstrate your reliability, you may be able to negotiate for a better offer. 

Lease a New Car With Bad Credit Today

The car of your dreams can be a reality when you work with the finance experts at Mercedes-Benz of New Rochelle. Reach out to us today if you have any questions, or begin the pre-approval process online from the comfort of your home.