 TITLE: What Is a Car Lease and How Does It Work? CONTENT: What Credit Score Do You Need to Lease a Car?\n---------------------------------------------\nAs with taking out an auto loan, leasing may be easier and less expensive if you have good credit. The cars you're allowed to lease may be limited if you have bad credit.\nGenerally, car leasing companies prefer customers who have a FICO® Score☉ of at least 700. Higher scores might also help you qualify for a lower monthly payment. This is because your credit can impact your money factor, the financing charge portion of your monthly payment.\nSome dealers offer leases on used vehicles, which may be easier to qualify for if you have bad credit. However, the lease may have high fees and lack many of the advantages that come with leasing a new car. For example, you may be responsible for all the repairs and maintenance during the lease.\nYou might be better off trying to improve your credit and finances and then looking for a lease. Or consider purchasing a used car that's a better match for your budget. END