Getting a car lease is almost impossible if you have bad credit and even worse if you have no credit at all. Although it is a little bit, you still have hope. The following article is a guide to getting a car lease even with really bad credit. You just need to follow the steps outlined here.
The leasing processes
When you lease a car, it is similar to renting except that you pay a monthly deposit for the duration of the lease. You sign a contract for the lease of the car with the option to buy the vehicle or you can sign another lease on a new car.
There are some limitations to lease a car and you need to be aware of that. Some of the limitations include:
- Mileage restriction: This ranges from ten to twelve thousand miles annually. A set amount is charged for each mile
- Required maintenance: This includes oil changes when needed regularly and rotating the tires. It is a violation of the contract if these requirements are not fulfilled
- It is required in each state to have the minimum insurance on a car that has been leased
- Any repairs that are not covered by the vehicle’s warranty is paid out of pocket