Your credit score is part of the leasing decision. When you apply for a
lease, your lease company will typically look at your credit score to
decide whether you to approve the application.
The leasing contract stipulates that you make regular, monthly payments
over your lease term. The credit score you lease company requests
identifies how likely you are to make such payments. It is simply a number
calculated according to a model that takes into account your payment
history, any amounts you owe and credit currently in use.
It is very important to keep a good credit-score, usually above 700, to
qualify for a lease or any other lending decision. Start by ordering your
credit report from Fair Isaac Corp, the company that creates your credit
score. If erroneous data is held about you, then contact the creditor
responsible and get such information corrected.
Your payment history is the single most important factor in determining
your credit score, so get in the habit of paying everything you owe on time
and keep the balances low in your credit cards.
Latest news and information
 ABC News | For Car Companies, It Was a Year to Forget BusinessWeek - But the credit squeeze that dried up lending and leasing from the car companies' finance subsidiaries, plus the recession and stock market collapse, ... Video: Chrysler, Toyota, Lead Declines in Auto Sales Area auto dealers hope for rebound Automakers weather sales declines for 2008 |
 WCBD | Hyundai Gives Distressed Consumers Ability To Return Cars Times of the Internet, Ohio - This offer is complimentary for one year after leasing or financing a Hyundai at a participating dealer. Automakers have been struggling to sell cars in the ... Lose Your Job? Return Your Hyundai with Few Strings Recession insurance: lose your job, return your Hyundai Hyundai To Nouveau Pauvre: You Can Return Car |
 Telegraph.co.uk | Thousands of drivers who bought cars on hire purchase face ... Telegraph.co.uk, United Kingdom - ... Leasing Association, the trade body representing finance houses which handle the business, admitted that thousands of drivers were returning the cars ... Now spectre of negative equity stalks thousands of CAR owners |
Drivers resisting allure of new cars Toronto Star, Canada - "You're not going to work up bills around $3600 on a three-year-old car, but you will by leasing a brand-new car." Meanwhile, a high number of used cars are ... |
Consolidation…for a low-carbon age Automotive World (subscription), UK - Many of the SUVs and large pick-ups that have become the bugbears of environmental campaigners were bought on cheap finance or easy leasing deals, ... |
 National Post | Canadians prefer cars from Asia, Europe Financial Post, Canada - The perception that Detroit offers fewer fuel-sipping cars than its international rivals has played a role in the mindset change among buyers, ... Auto loan business in full gear: Experts |
 ABC News | GM Aims To Drive Sales With Incentives Washington Post, United States - As the economy improves, GM said in a separate statement, the company would consider returning to the leasing business. Automakers have scaled back their ... GM's LaNeve Eyes Leasing,Aggressive Dealers,Sales GM offers 0-percent financing to boost sales GMAC, GM make it easier to buy cars |
Edmunds.com Reports True Cost of Incentives: Highest December ... istockAnalyst.com (press release), OR - Interestingly, leasing has become more popular since the financial industry collapse in September. Before the implosion, leasing represented only 10 percent ... |
Auto sales plunge hits Kentucky, too Kentucky.com, KY - It has ended many leasing opportunities, too, which were also hurt by concerns about trade-in values. "That has probably cost our dealership 15 to 20 deals ... |
Capital allowance changes: time to prepare for new rules Fleet News Online, UK - All these changes will affect cars that are put on to the fleet after April 1, 2009. According to British Vehicle Rental and Leasing Association figures, ... |
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