Do I need a good credit rating to lease a car?
How to check, manage and improve your credit score.
Do you need a good credit rating to lease a car?
In short, yes! To lease a car, most leasing companies require a minimum of a good credit rating. That said, each lease company has their own requirements and some requirer a lower score than others.
If you have a bad credit score, this can restrict who you can lease through and some prices you see online might be provided by a leasing company that require an excellent credit rating.
How do I check my credit rating?
Most leasing companies use credit referencing agencies, like Experian, to obtain information on your credit score. If you are unsure of your credit score, you can get a free credit check score on their website (which you can view here).
Once you know your score, you can use it to find the best lease deals available to you. If you see a lease deal online, just enquire and let us know your score and we can advise if you're likely to be accepted or not. This means you can avoid blindly going through any hard credit searches, which in turn can have a negative effect on your credit rating.
Manage and better my score
We're not credit experts, so you're best to speak to your bank or Experian directly to get advice on how to improve your score. Visit their website here.