Sunday, February 17, 2008
Bad Credit Car Leases
Auto leasing is gaining popularity among consumers in the US, because it offers them a chance to drive the cars they want -- often better cars than they can afford to buy. Low monthly payments are a big attraction of auto leasing. However, leasing cars could be an expensive proposition in the long term and may not fit everybody's needs. It is advisable for people to determine their priorities and ensure that leasing is the right solution. In line with the aggressive strategies that leasing companies adopt to attract new consumers, there has been a trend in the US of leasing companies being willing to offer bad credit car leases.
Past history as a defaulter or irregular payments of previous loan installments is termed as bad credit. This creates problems when buying or leasing a car or any other asset. However, with increasing competition, banks, finance companies, car manufacturers and dealers are willing to take risks in order to get more customers.
However, this does not mean that it is entirely smooth riding for people with bad credit. Typically, leasing companies charge higher interest rates leasing cars to people who have a poor credit history. Certain specific leasing terms such as a higher down payment or security deposit are designed to reduce the risk of the leasing company. There are many leasing companies in the market who are willing to offer their services to people with bad credit or even a past bankruptcy record.
Car dealers and their associated finance companies are not the only source of loans and leases. For people with bad credit, it's very important to shop for the best rates because banks and finance companies are not consistent in the terms they offer. It is advisable that consumers make personal visits to these institutions, so that they can explain their case face-to-face. This goes a long way in improving their chances of being successful in getting bad credit car leases.
Car Leases provides detailed information on Car Lease Prices, Car Lease vs Buy, Car Leases, How to Get Out of a Car Lease and more. Car Leases is affiliated with Used Car Quotes.
Aflossingsvrije And Lening
