Can You Lease a Car with Bad Credit?

November 7th, 2018 by

Investment broker meeting with a young couple in her office to discuss their financial needs, view from behind the agent of the couple

Can you lease a car with bad credit? With a little help from Rallye BMW, the answer is yes! Car leases will require a credit check, and having great credit certainly helps, but Roslyn drivers can take advantage of leasing because it often comes with a lower monthly payment than financing. Find out how you can start taking advantage of our lease and finance offers at Rallye BMW today!

Contact Us

Is It Easier to Lease a Car with Bad Credit Than Good Credit?

Because a new car lease requires a credit check, it’s usually easier to lease with good credit. It results in lower monthly payments and a lower security deposit. Bad credit can require a higher deposit and higher monthly payments. However, you’ll still have to pay less than if you take out a car loan to buy a car.

Tips for Lower Lease Payments with Bad Credit

You may have bad credit, but Jericho drivers can still get a great lease deal. Follow a few simple tips:

  • Find a car within your budget to lease. Contact us to find out just how much you’ll have to pay on a monthly basis.
  • Check your credit score before you apply for a lease. That way you can have a better idea of your overall financial situation.
  • Make a larger down payment. If you prepay for the first few months, you may be able to get better lease terms.
  • Bring several months of pay stubs as proof of income. That way we know you can afford the lease you’re looking for.

Can You Lease a Car With Bad Credit at Rallye BMW?

For more information on leasing with bad credit, contact us! Our financial experts can help you qualify for that BMW 5 Series or BMW 3 Series lease offer.  If you have any questions about refinancing, we would be glad to answer them. We can also work with you to help you decide whether leasing vs financing is a better option.

More from Rallye BMW

  • Pet Adoption Event

    Saturday, June 8th 12 PM – 5 PM On Saturday, June 8th, Rallye BMW will be hosting its 2nd adoption event in partnership with North Shore Animal League America – the world’s largest, most comprehensive no-kill rescue and adoption organization. Come out to support this great organization with us – you might even find a…

  • 2019 BMW 3 Series Performance

    The 2019 BMW 3 Series once again sets the standard for the segment. All new for 2019, you can still expect the dynamic driving performance the 3 Series is known for, but this updated version has been enhanced to deliver more power, agility, and excitement than ever before. Rallye BMW is delighted to share the latest…

  • 2019 BMW 5 Series Performance

    Shopping for a 2019 BMW 5 Series in Syosset but not sure what performance options are out there? Take a look at each 5 Series engine offering and performance features to decide what trim level and specs are right for you. Then contact your local authorized BMW retailer to schedule a test drive and get…