While there are no hard minimum credit scores for car loans, your scores matter.
New Minimum Credit Score To Lease A Car
Images. According to nerdwallet, the exact credit score you need to lease a car varies from dealership to dealership. The typical minimum for most.
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Whether it's a lease or a loan, your credit score figures prominently into whether you get financing. Some dealerships specialize in leasing to individuals with bad credit. Leasing a car does affect your credit score, much like buying a car with a loan.
However, if you fail to make your monthly payments, it can damage your credit even further.
The credit score you need to qualify for an auto loan—much like the minimum credit score you need for a all credit scoring models, including those built specifically for auto lenders, use higher scores to indicate greater buy or lease a car: Some dealerships specialize in leasing to individuals with bad credit. See the lowest credit score needed to buy a car. Car commercials give the impression that anyone can walk into a dealership and drive out in a new car.
