Can I Lease a Car With Bad Credit?

Is it easier to lease a car with bad credit, or should you buy one? The Lafayette Volkswagen finance department is here to help you make the right decision for your unique situation. Learn more about your options below, and don’t hesitate to contact us online or at 765-446-1948 with any questions. 

Can You Lease a Car With Bad Credit?

If you’re a Avon driver wondering, “Can I lease a car with bad credit?” the answer is yes. In fact, it is easier to lease a car with bad credit than it is to finance one. To top things off, when you lease a new car with bad credit, you make lower monthly payments, don’t have to put as much money down, and pay less sales tax. Still, good credit will only sweeten the deal, but Lafayette Volkswagen can work with you regardless! 

Negotiating for the Best Terms With Bad Credit

You know 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. Now, let’s take a look at how you can obtain the best terms when you lease a new car with bad credit. Here are some tips to keep in mind: 

• Make a larger down payment than requested to lower interest and reduce the size of monthly payments. 
• Take a few months to pay off smaller debts to get your score in the best shape possible before leasing. 
• If your credit is blemished because of an issue that doesn’t necessarily reflect your financial behavior, bring us pay stubs and proof of your good financial habits. For instance, if you reliably pay your bills, but took out a large business loan for a business that failed, and you can prove your financial reliability by pointing to a financial history outside of that one-time mistake, come prepared to paint a picture of your reliability. You may be able to negotiate for better terms! 

Lease a New Car With Bad Credit in Lafayette

Now that you know you can lease a car with bad credit, start exploring our offers and incentives today. When you’re ready, visit our dealership near Indianapolis and Noblesville to begin the leasing process. We look forward to working with you!