How Credit Affects Chevy Lease Terms in Davison, M

Are you interested in leasing a Chevy in Dexter, MI? Our Chevrolet dealership carries a wide range of new Chevy cars, trucks, and SUVs. Our sales and finance experts stand ready to answer your questions about what leasing a vehicle means and how it can benefit you. 
 
However, you may not have considered how your credit score can impact a Hank Graff lease. How can credit affect a down payment or monthly payments? Hank Graff Chevrolet has the answers.
 

How Credit Impacts a Lease

 
The credit requirements for leasing a Chevy Malibu sedan are looser than if you bought it. However, a higher score means you’ll enjoy better lease terms because it makes you less of a risk to lenders.
 

• A score of 720 or higher, along with a good driving record, your location, and other factors should guarantee the best lease terms.

 

• If your score is between 720-660, you’ll still be considered a “prime” borrower and will likely enjoy good terms.

 

• A score between 660-620 is considered “near prime”, which means you might need to put down a security deposit. 

 

• A score below 620 might make it difficult to find a lender. If you do find one, you could end up paying much more. 

 
If you have no credit history, you could be classified as a “sub-prime” candidate, which means you’ll need someone to co-sign the lease. This is often the case for teens and other new drivers who may not have a credit card or job yet.
 

Ready to Buy or Lease a New Chevy?

 
Whether you want to buy or lease a car, come into your Chevy dealership in Dexter, MI for a test drive. Be sure to check out our complete inventory of 2021 Chevy models, including the Chevy Trailblazer and Chevy Traverse. 
 
The experts in our Chevy finance center will ensure you get the best lease or loan terms for your budget and needs. And if you have lingering questions about how your credit can impact your ability to lease a Chevy, then don’t hesitate to call us!