Can You Lease a Car with Bad Credit?

Credit History Document

Leasing is a wonderful way to get a top-of-the-line new vehicle every couple of years to put in your Cleveland garage. You’ll have lower monthly payments and lower down payments, and you don’t have to worry about depreciation because you simply turn the vehicle back in when you’re done. Eventually, leased cars become the perfect certified pre-owned vehicles on our lot near Northfield.

Can you lease a car with bad credit? Is it easier to lease a car with bad credit than to finance? Keep reading our guide on how to lease a new car with bad credit in the Warrensville Heights area. 

We will answer these questions:

  • Can you lease a car with bad credit?
  • Is it easier to lease a car with bad credit?

Can You Lease a Car with Bad Credit?

As you look over our selection of new vehicles, you may be wondering, “Can I lease a car with bad credit?” Absolutely yes, you can! We also get asked the question, “Is it easier to lease a car with bad credit than it is to finance one?” The answer to that question is also a resounding yes!

What’s more, when you lease a new car with bad credit, it might be surprisingly affordable compared to buying. You will make lower monthly payments, not have to put as much money down, and pay less sales tax. Good credit does make your payment terms more favorable, but you can lease a new car with bad credit easier than you think!

Negotiating for the Best Terms With Bad Credit

Knowing you can lease a car with bad credit and that it is easier to lease a car with bad credit than it is to obtain financing can help you when negotiating terms for your lease. See some tips to keep in mind.

  • Make a larger down payment than what the dealer requests. It will lower the interest and reduce the size of your monthly payments from start to finish. 
  • Before you lease a new vehicle, pay off some smaller debts, like credit cards or personal loans, to get your credit score in better shape. This will lower your debt-to-income ratio.
  • Bring us pay stubs and proof of your good financial habits over the past couple of years. We don’t want a blemish from seven to 10 years ago to prevent you from getting the new vehicle of your dreams! For instance, if you reliably pay your bills but took out a large business loan for a business that failed, it should not prevent you from reliable transportation. If you can prove your financial reliability by pointing to a financial history outside of that one-time mistake, you might still get a great lease with bad credit. You want the dealer to see your reliable payment history in the recent past, not something from a long time ago!

Lease a New Car With Bad Credit in Bedford

Now you know you actually can lease a car with bad credit and that it is easier to lease a car with bad credit than it is to finance. Contact us or call 440-745-7682 to talk to our experts or to set up a test drive. We’ve got several great new vehicles on our lot that you’ll love, including the Mitsubishi Outlander, the Eclipse Cross, or the Mirage!


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