women in drivers seat of Dodge Charger 

Wondering if you can lease a new car with bad credit? While good credit will get you a better deal on your lease, you can still lease a car with bad credit. Leasing a vehicle with bad credit would probably be better than financing, as the monthly payments are typically cheaper. Let the financial experts at Elgin CDJR tell you more about leasing a vehicle with bad credit below.

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Leasing a Vehicle with a Bad Credit Score

While South Elgin drivers can lease a car with bad credit, it will be more difficult than leasing with good credit. Since leasing a new car requires a credit check, having good credit will land you a better lease offer with lower monthly payments and lower money required upfront. Still, even if you have bad credit, you may be able to get a lease on a car at a higher monthly rate. Find out what credit score is needed to finance a car. 

At Elgin CDJR, we understand how important credit is for leasing a car and how even more important that drivers near Elgin deserve a second chance to improve their low credit score. That is why we are proud to introduce our Elgin Chrysler Dodge Jeep Ram Challenged Credit Center to you! We are committed to helping all drivers, regardless of their credit history, get an auto loan. 

How To Lower Lease Payments with Bad Credit

If you have bad credit but still want to get a new or pre-owned car as your next Streamwood ride, leasing might be your best bet. Here are some tips you should follow in order to get a lower monthly payment when you lease:

  • Before you even apply for a lease, check your credit score. This way, you will have a better idea of your financial situation in Bartlett.
  • Choose a car that is within your budget and use online tools like payment calculators to see how much you can expect to pay on a monthly basis.
  • When you go to any Elgin car dealership, bring some pay stubs as proof of income to show how much you can afford and to seek suggested possibilities for your situation.
  • Do your best to make a large down payment on the car. This can help you to get lower payments every month going forward and score you better lease terms.
man getting out of Dodge Durango

Lease a New Car with Bad Credit at Elgin CDJR!

When you come to Elgin CDJR, you can try and lease any of our new or used vehicles regardless of your credit score! If you want an even lower monthly payment, consider leasing a used car to better manage your finances and to steadily rebuild your credit history. You can also apply for financing online right from our website, and contact us if you need more information on what the requirements for an auto loan are.