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i am looking for a short lease but i have poor credit. can get approved if i pay the lease in full?
3 Answers
- insidebuyLv 61 decade agoFavorite Answer
No. Even with a "one pay" lease, you still must qualify just the same as with a standard lease. If your credit is not strong enough for that, you won't get approved. You're a very high risk and no one will take a chance in today's market.
Yes, you're paying the entire lease up front but your credit says you are not a responsible person. And since cars are on 4 wheels and can easily be driven out of state or hidden, that is a risk no lender will take. Sorry.
Source(s): Me. new car sales manager for over 30 years. - Anonymous1 decade ago
Generally, you must have good credit to lease. However, some lease companies relax the rules a little if you take over someone else's lease for a short term. Here's more about it:
http://www.leaseguide.com/Articles/short-term-leas...
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- Anonymous1 decade ago
It takes better credit to lease a car than it does to buy one. With a 493 credit score, you don't have many options.