Can I Lease a Car with Bad Credit?

Lease Agreement

 

When you lease a car for your Waterford drives, you probably know that you’ll make a smaller down payment and lower monthly payments compared to a financed car. But can you lease a car with bad credit in Waterford? You can! However, as with a financed car, your interest rate, terms, and options will depend on the lender. You will have to undergo a credit check and if you have a low credit score you won’t get a deal as good as someone with a higher credit score. That said, sometimes it is easier to lease a car with bad credit. The finance team at Old Saybrook Hyundai has more information about how you can lease a car with bad credit. 

Is It Easier to Lease a Car with Bad Credit?

Unfortunately for Madison drivers with bad credit, it’s not easier to lease a car with bad credit. As with buying a car it’s easier when you have a good credit rating. The better the credit score the lower the down and monthly payments will be. If you want to lease a car with bad credit you can expect to pay more than someone with good credit. However, you’ll pay less than you would if you were to buy a car with a low credit score. 

How to Get a Good Deal When You Lease a New Car With Bad Credit

Branford drivers who need a new vehicle but are struggling with their credit rating have some things they can do to get a better deal when they lease a car with bad credit. Here’s what we advise you to do: 

  • Always stick to your budget. Our payment calculator can help you figure out how much you can afford to spend each month on a lease. 
  • Check your credit score before you start the car leasing process. Take the time to look at your full credit history and make sure there are no mistakes on it. If you find errors, you can dispute them which will make your credit score more accurate. 
  • Make a larger down payment. This can lead to better lease terms. 
  • Bring proof of your steady income to your lender. A couple of months of pay stubs should suffice. If a lender sees that you have a reliable income stream that doesn’t fluctuate, you can often use that to negotiate a better deal. 

Lease a Car With Bad Credit at Old Saybrook Hyundai

At Old Saybrook Hyundai we believe every driver deserves a reliable car they can afford. If leasing is what’s best for your budget, we’re here to help! Take a look at our car-buying tips to learn more about buying, leasing and how to decide which option is right for you.

More from Old Saybrook Hyundai

  • 2022 Hyundai Santa Cruz Interior

    There’s a new truck headed to Waterford, and we can’t wait for you to see it! With its swooping exterior curves, the Hyundai Santa Cruz exterior is bound to be the next great head-turner on Madison streets, and the Hyundai Santa Cruz pickup interior is just as stunning. Packed full of the latest innovations and…

  • 2022 Hyundai Santa Cruz Truck Overview

    It’s been a long time coming for Waterford drivers, but there’s finally a truck that only Hyundai could make. Say hello to the 2022 Hyundai Santa Cruz pickup truck! This midsize truck has style to spare without forgoing any of the capabilities you need. Built on the same base as the Hyundai Tucson, the Hyundai…

  • What Kind of Oil Does a Hyundai Sonata Take?

    The Hyundai Sonata offers sporty sedan style to Waterford drivers, but what kind of oil does a Hyundai Sonata take? Using the correct type of oil is crucial, no matter what make and model of vehicle you drive. The best engine oil for the Hyundai Sonata is easy and versatile—you can choose either the more…

Saved Vehicles

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact Us

860-577-6030

Call Now

235 Middlesex Tpke. • Old Saybrook, CT 06475

Get Directions

Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7:30am-5pm

Open Today! Parts: 7:30am-5pm

Old Saybrook Hyundai 41.2918, -72.37619999999998.