Is here any possible way to lease a car if u have no credit?

Question

lets say ur an 18 yr old college student, have money saved up and u want to lease a safe and reliable car (i dont wanna buy a junk car because i have to drive around 2 hrs a day to reach the university (and livign there is not an option).. so is there any possible way to lease a car if u have no credit ?also if u have no cosigner

Answer 1

If you can drop a nice down payment on it and/or have a trade in, sure.

Answer 2

The saying "If there is a will there is a way" still is true, but it will require YOU to do allot on your part. Also make sure that you know that almost all leases will require a substantial cash down at inception. You also still have to pay sales tax and fees similar to buying. At most dealerships they have a person specially trained to help low or no credit people. I would start there and just be as flat honest as you can be right from the start. In the end all the dirt comes out anyway, so you might as well walk in with it (if it exists) and save the guy the drill. If he gets a "good feeling" he might go to bat for you more. Some dealers (rare) will carry the down so that you can buy instead of lease. That would free you from end of lease fees (mileage,wear/tear,damage,maintenance etc. These type of charges at the end of a lease can be substantial. So in the end it might be possible, but it won't be easy. Just some info to ponder.

1. There is no substitute for a down payment. The larger you have the more it carries weight to your benefit.

2. There is no substitute for time on a single job.

3.There is no substitute for good credit (Don't mess this up!)

Answer 3

If you have NO credit it will be tough without a cosigner. Putting a VERY large downpayment might work but you dont really want to put a big chunk of cash down on a lease because you will probably return the car when its done. You do have the option of buying the car when the lease is up. That being said I dont think leasing is for you, if your driving so much everyday your going to need extremely high milage limit on your lease in which case your payment will go up so much it wont be worth leasing.

Find a good used car, there is tons of them out there, and you can easily get a used car that will last for years even if you drive alot everyday.

Try a honda or toyota, the last forever, even the older ones, you can run those cars for 200,000 miles easily if they are well maintained

Answer 4

Some 3rd party lessors may work with you, but I doubt any of the major guys will.