Can I Lease a Car With Bad Credit?

2022 Ford F-150 Lightning Charging

 

Worried about how your credit history will affect your chances of a car lease? Going in circles asking yourself: Can I lease a car with bad credit? Cornerstone Ford is here to assist drivers from Elk River and beyond in getting behind the Ford of your dreams! While it’s commonly assumed that you can only secure a lease with excellent credit, our Finance Department will work their magic to determine a financial plan that works for you. Find out how you can lease with bad credit today!

Is It Easier to Lease a Car with Bad Credit?

Unfortunately, it’s not necessarily easier to lease a car with bad credit. Actually, it’s often considered easier to lease a car with good credit, but that doesn’t mean it’s not worth it for Anoka drivers who have less-than-stellar credit reports. Applying for a car lease requires a credit check, and higher credit scores typically come with lower monthly payments and a lower security deposit on the lease. On the contrary, leasing with a lower credit score often means you must pay a higher deposit and higher monthly payments. Regardless, you will still pay less on a lease than you will if you take out a loan to buy a car, and that in itself is a win for many drivers. 

Tips to Lease a New Car with Bad Credit

Bad credit shouldn’t deter you from taking out a lease and getting behind the wheel of the Ford Explorer or Ford F-150 you wish to drive around Rogers. Consider our tips to lease a new car with bad credit:

  • Shop for cars within your budget. Don’t overextend yourself. There are many vehicles within the Ford inventory that are quite budget-friendly. Get in touch to learn more!
  • Before applying for a lease, check your credit score on your own. That way, you won’t be surprised at the dealership.
  • Make a larger payment up front if possible. For example, if you pay for the first few months at the beginning, you may encounter better lease terms overall.
  • Take your pay stubs to the dealership as proof of insurance. That way, we know you can afford your lease, regardless of your credit history.

Can You Lease a Car With Bad Credit at Cornerstone Ford?

So, can you lease a car with bad credit? At Cornerstone Ford, the answer is yes! Our financing experts will do whatever they can to help you qualify for a lease that works with your unique financial situation. Alternately, you can browse our used car selection to determine whether purchasing a pre-owned model makes more sense for you. In any case, feel free to visit us at any time in Elk River!

More from Cornerstone Ford

  • 2024 Ford Mustang Mach-E Performance Overview

      The Ford Mustang has gotten an update, and it’s very popular around Elk River. The 2024 Ford Mustang Mach-E is the all-electric sporty SUV that makes an instant impression on anyone who gets on the saddle of this pony. You’ll be surprised by the Mustang Mach-E horsepower, something this model specializes in. Meanwhile, the Mustang…

  • 2024 Ford F-150 Lightning Performance

      Ready for an all-electric future? Consider one of the best electric pickups on the market with the 2024 Ford F-150 Lightning. You might be surprised how capable the electric version of the F-150 is on Monticello roads.  Prepare to be impressed with the F-150 Lightning towing capacity, which helps you take care of light-duty…

  • 2024 Ford Maverick Specs

      The Ford Maverick delivers an impressive blend of practicality and spirited performance, making it a standout in the compact truck segment. Equipped with a standard hybrid powertrain, it delivers a smooth and efficient ride, while an available turbocharged 2.0L engine provides a more dynamic driving experience with robust acceleration. With its impressive towing capacity…

Get Directions

17219 Highway 10 NW, Elk River, MN, 55330
Cornerstone Ford 45.283530, -093.549550.