Have you recently pulled yourself out after a terrible downfall in credit? Are you having trouble leasing a car due to bad credit? If you have experienced problems due to a low credit score or a poor credit history, don’t worry. Bad credit doesn’t have to prevent you from getting a leased car!
Yes, you can lease a car with poor credit history in the UK without worrying about getting rejected by the provider. Read along to find out how the process is carried out.
How Can I Lease a Car with Bad Credit?
Like normal car leasing, you can lease a car with bad credit in the same way. The process is quite simple, keeping in mind the ease of booking one through the company’s website. Fill in the details required in the application form and submit it for the company to perform a short credit check.
For companies that consider credit scores as important, having a score of 600 or more increases the chances of your car lease approval. If you are aware you have a poor credit rating, let your car rental provider know this ahead of time, so they can do their best to bring you options that suit your situation.
Bad Credit Car Leasing in the UK
Bad credit shouldn’t stop you from driving a car to work, shopping, or any other place you wish to travel. There are multiple car rental agencies across the UK, some of which will lease you a car without scoring your credit.
Most companies, however, will perform a credit check on you to make sure that you will be able to pay back the monthly lease of the car that you hire.
About Bad Credit Van Leasing
Similar to car leasing, you can lease a van with bad credit in the UK. Keep in mind that your options might be limited as compared to the individuals with a higher credit score, but that doesn’t mean you can’t drive the van that you wish to.
Personal Car Leasing For People with Poor Credit
If you are wondering how you’ve ended up with poor credit, it is because you might have delayed certain lease payments or missed them with another leasing or rental company. Or had a recent bankruptcy, which directly impacts your credit history.
It isn’t permanent and will not stop you from leasing or renting in the future. Companies today, give due respect to people who are trying to get up on their feet again and are willing to lease a car to people with a bad credit history, only if their current record shows signs of improvement.
Corporate Car Leasing With Poor Credit
Corporate Car/van leasing options for companies with bad credit are also available in the UK. You might have to look over some rental agencies, may have to compromise on used or older vehicles, but you will find a good fit for your requirements.
To ensure that you will pay back the prefixed monthly lease, the leasing company may ask to look over some of your financial statements to know if you are worth the risk. Don’t fret! The check is for their safety and not to judge you in your hard times.
Bad Credit Leasing Contracts
Giving confidence to the people or businesses with poor credit, is essential. Leasing companies have to report to lenders, who are often looking to support startups and small businesses. This makes it easier for the corporate leasing personnel.
With so many leasing companies, finding the best agency to rent your car with bad credit becomes a bit of a hassle. This is where you are in luck! We have the best rental agency that will not only make your rental experience smooth but also stress-free.
RAM Automotive: Why Choose Car Lease and Go?
Worried about your credit score? Well, you have found the right place to lease your car even with a bad credit history. RAM automotive offer various car options for you to choose from according to your budget and affordability.
With a prefixed monthly lease, you will know what you have to pay at the end of each month. We assure you, there are no hidden charges associated with any of our car leasing deals.
However, keep in mind that we do perform a light credit check to make sure that you aren’t bankrupt currently and will be able to pay off the monthly payment easily.
Got Bad Credit? No Problem We Can Help. We Offer Excellent Bad Credit Leasing Deals, Contact 01442 793 124.
Frequently Asked Questions About Leasing a Car with Bad Credit
Can you lease a car with a 500 credit score?
You may least a car wih a 500 credit score, however the recommended industry average is 600 or higher. Having a positive credit score of 650 or more increases your chances to get your lease approved faster. However, each dealer has a different credit value at which they approve or decline the leasing request. You can even choose a rental company that doesn’t score your financial credits to avoid any troubles.
What kind of credit score is needed to lease a car?
Typically a credit score of 600 is needed to lease a car in the UK. However, each provider offes different terms, so check in more detail with your chosen provider first. Depending on your selected leasing agency, you can get clear information about the credit score requirement. Commonly, having a higher score has a positive impact on your lease request.
Is it easier to get a lease with bad credit?
It is not easier to get a lease with bad credit if compared to someone with a good credit rating. Having bad credit doesn’t mean you can’t lease a car or van though; however, your options might be limited. As the leasing company may see you as a potential risk, you have to prove that your bankruptcy period is over and you are now employed.
Is it better to lease or finance with bad credit?
It is generally better to lease a car with bad credit, rather than finance. Having poor credit reduces your chances of getting a loan from any bank or lender as they doubt your ability to pay it back. In times with bad credit, it is easier to lease a car than finance it as leasing companies have lesser risk associated as compared to a bank.