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Someone with a poor credit score should be able to lease a car.

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Wiki User

13y ago

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Related Questions

Will sharing a lease with someone that has bad credit bring your credit score down?

Yes


Does a car lease reflect on your credit score?

Yes.


Does breaking a lease on an apartment show on a credit score?

yes


How do you lease a car in Toronto?

You can usually pick the manufacture, apply with a credit application, assuming your credit score is higher than 650 you should be able to lease a car A.S.A.P. If you have lower credit scores you can try http://www.autocreditfinancial.ca good luck


Is a 648 credit score good enough to lease a car?

yes


Is there an effect on your credit score if your break a rental lease?

Not unless you are sent to collections


Will your lease help build your credit score?

No. A lease is not a credit or "trade line" and therefore is not reported monthly. They will inquire on your credit but will not show up on your report other than in the inquiries and address fields.


How does a car lease impact your credit?

A car lease can impact your credit in both positive and negative ways. Making on-time lease payments can help build a positive credit history, showing lenders that you are responsible with your finances. However, missing payments or defaulting on the lease can harm your credit score and make it harder to get credit in the future.


What effect does a credit score have on a mortgage?

The credit score can effect mortgage rates in a lot of differnt ways. If someone has a high credit score he get a lower mortgage rate and if someone has a low credit score he gets a higher mortgage rate.


How does failure on a business car lease agreement affect personal credit?

Failure on a business or car lease agreement will still be attached to your name and social security number. It will lower your total credit score unless these leases were only attached to the business or someone else's number.


Can someone with a low credit score lease an apartment?

Yes as long as their income and deposit meet the landlord's requirements. Remember, every landlord is different so it depends.


How do you get a car lease with bad credit?

If is difficult for you to get a lease with bad credit, due to the fact new car dealers require a much higher credit score, usually 650 and higher to qualify for a lease. But you can always finance a used car relatively easier.