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How to Lease a Car With No Credit History

Member
By garystought
User-Submitted Article
(1 Ratings)

lease a car with no credit history - looking to build up your credit history but no one will give you a lease? the following steps can be taken to build up your credit and allow you to lease a car even with no credit history.

Before looking to lease a car use this link to find the top car sites and pick what kind of car you want to lease http://stought.com/autos.html

Difficulty: Moderately Challenging
Instructions
  1. Step 1

    Find a co-signer - if you are able to the easiest way to lease a car with no credit history is to find a friend or family member who will co-sign on the lease with you. This is a way to improve your credit and get you the lease your looking for. I would advise that you find a co-signer with good credit as this will lower your payment.

  2. Step 2

    Use collateral - If you have a valuable item (house, car, land, expensive tv) you can use this as collateral to receive a lease on a car. By placing this on collateral you are allowing them to take this item if you are unable to pay on the lease. If the item is more valuable than the car the company can file a lein on the item for what you own on the car.

  3. Step 3

    Large cash deposit - Making a large cash deposit is another way to lease a car with no credit history. Supplying a large amount of cash (2k-3k) will ensure that you are of good faith and gives the dealer something to work with.

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