: Offering 10%–20% upfront reduces the lender's risk and can help you qualify for better terms.
: Some manufacturers' financing arms, such as Hyundai Capital and Nissan Motor Acceptance, are known to be more flexible with lower credit scores than premium brands like BMW or Lexus. how to buy or lease a car with bad credit
Buying or leasing a car with bad credit is possible, though you should expect higher interest rates—often called a "money factor" in leases—and potentially larger upfront costs. Generally, traditional leasing is more difficult to qualify for than buying, as many lessors prefer scores above , while some subprime buyers can still secure a purchase loan with scores in the 500s . Strategies for Success : Offering 10%–20% upfront reduces the lender's risk
Experts from CNBC Select and NerdWallet recommend the following lenders for subprime borrowers: Can You Lease a Car With Bad Credit? | Capital One Generally, traditional leasing is more difficult to qualify