Your credit history is the first thing that a leasing company will check when considering whether to do business with you. Banks use your credit history as a basis for determining the level of risk involved with writing you a loan or lease. With a good credit score, you are a great candidate for a lease. However, with a blemished credit history, you will be less likely to be approved by the leasing company. There are some financing institutions that are willing to write leases for people with poor credit, but these leases typically carry very high interest rates, which can be extremely expensive.
Credit history is typically the most important factor that effects an individual's vehicle purchase decision.
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