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FAQ

Do you need to consider lower payments for a car lease?

13 April 2019 21:31
Category: FAQ

Lower payments on a car lease definitely sound more attractive than higher interest on a car loan. However, in the case of a bad credit situation, you might reconsider the choices. First of all, do not rely on the chance of leasing a vehicle instead of buying one on a loan when you have bad […]

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How hard is it to lease a car with bad credit?

13 April 2019 21:27
Category: FAQ

The complexity of your case and the path to getting a lease significantly depends on the credit score you have. The rule of thumb says the worse your score is, the worse terms of the lease you will receive. In reality, every leasing company has its own rules and regulations as well as the threshold […]

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How can bad credit affect purchasing or leasing a car?

13 April 2019 21:23
Category: FAQ

Bad credit lowers the chances of getting a car loan, and almost eliminates the possibility for a car lease. Both lending and leasing organizations prefer avoiding high-risk clients and so will significantly restrict the regulations of both loans and lease if you have bad credit. If you have a bad credit score, a car loan […]

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Is there a difference between buying a car and leasing one with bad credit?

13 April 2019 21:21
Category: FAQ

The main difference between buying a car and leasing a car is that in the former case you own a car eventually, while in the latter you are only renting it from someone else. If you consider one of these options, then chances are you do not have enough budget to purchase a vehicle right […]

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How much money do you need for a bad credit car loan down payment?

10 April 2019 14:06
Category: FAQ

The rule of thumb for the bad credit car loan down payment is 10% of the car’s selling price. Very often subprime lenders require the buyers to pay only $1,000-$1,500 even if 10% of the car’s selling price is higher than this sum. However, the actual down payment for a car loan always depends on […]

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