Life throws everyone curveballs, especially in the past year. Don’t let poor credit deter you from finding a reliable new vehicle if you are in need of one.
Here at Mac Haik Ford, we can help you find competitive and reasonable financing options with our Ford lease program.
Benefits of Leasing
Have you been eyeing the new Ford Escape? Not only is this capable crossover ideal for commuting to work, but it’s also great for weekend getaways.
By leasing, you can get into this new crossover much more affordably. You’ll still have the reliability and advanced features you crave without the new car price tag. Plus, leases typically require a smaller down payment as well.
Can I Lease with Bad Credit?
Credit can play a big role in financing, particularly when making a major purchase. Mainly, it affects your interest rate, which is the fee you’ll pay to your lending institution each month for loaning you money.
Before buying, you’ll want to make sure your lease payment and interest rate are at a price you’re comfortable paying each month.
Ways You Can Help Your Credit
Feel like your payment doesn’t work for you? There are a few things you can do as a buyer to help, like:
- Considering a co-signor. If someone with better credit can co-sign your lease, you can potentially get a lower interest rate.
- Making a bigger down payment. Increasing your initial down payment can give you less to finance, which will lower your monthly payment. You could also trade in an existing vehicle as well.
- Choosing a different vehicle. If the car you want has a hefty price tag, you could also consider a more affordable model, such as a pre-owned option.
Have more questions? Reach out to our Ford dealers in Georgetown, TX. We want to help everyone get a vehicle they can rely on, so let’s find a great one for you!
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