Chat with us, powered by LiveChat
top of page

The Pitfalls of Leasing a Car When You Have Bad Credit


If you have bad credit, leasing a car may seem like a good option. However, there are several pitfalls that you should be aware of before signing a lease.

First, most leases require a large down payment, which can be difficult to come up with if you have bad credit. Additionally, your monthly payments will likely be higher than if you were to finance a car purchase.


Another downside of leasing is that you will never own the car outright. At the end of the lease term, you will need to either return the car or finance the purchase. If you decide to purchase the car, you will likely end up paying more than its original value due to depreciation.


Finally, it is important to remember that if you default on your lease payments, your credit score will take a hit.




The Law Offices of Omar Zambrano has already helped thousands of people and businesses in the past to get out of debt and start over.



Our goal is to help you find a fresh start FAST!


Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706







Comments


Featured Posts
Recent Posts
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
bottom of page