Yes, it is possible to lease a car with bad credit. Although typically your credit score is an important factor in determining whether or not you can lease a car with bad credit, other factors may be taken into account as well such as income, employment stability, and affordability. Bear in mind that for car leasing as well as other activities involving a credit score, taking small steps to improve your score over time such as paying off bills on time and reducing existing debt, can also open up better opportunities in the future.
Below, we’ve listed some steps you can take to have more success when leasing a car if your credit rating is on the low side.
How to lease a car with bad credit
- Find an underwriter who will consider not just your credit history but your current situation.
- The underwriter will need to be satisfied that you can afford the agreement and that you are now in control of your finances.
- They will want to be sure that you are unlikely to repeat the actions which resulted in you acquiring a history of bad credit.
At Flexed, we assess customers on an individual basis. If you have a bad credit history then it may still possible to lease a car with us.
Give us a call on 0800 311 8290 to discuss if this is a possibility for you. Alternatively, you can fill out our online contact form and we’ll get back to you as quickly as possible.