Many first time buyers, have no credit. Leasing can be a great alternative to establish credit and drive a car you may not otherwise be able to afford. Request a FREE Car Quote, and find the top leasing deals in – for consumers who need to establish credit.
Leasing vs. Buying for Consumers with No Credit History
If you do not have a credit history, leasing a new vehicle may be the best choice for you. When you lease a new vehicle you pay only for the amount the vehicle is expected to depreciate over the length of your lease term. Instead of financing the entire cost of a new car (minus your down payment), you can finance a fraction of the price. Additionally, getting financing for a smaller loan amount may be easier for a person with no credit history. The shorter length of the loan will also allow you to pay off your debt and build credit more quickly!
Top 10 Models for Consumers with No Credit to Lease:
Kia Spectra5:
The low rollover risk and impressive safety features make this a great first car. It offers a comfortable, quiet ride with great fit and finish. Its hatchback design is also a popular and practical choice for first time car buyers. You can feel stylish and secure in this affordable first time car option. Kia offers the best warranty in the industry: 10 years or 100,000 miles – no matter if you lease or buy, having a Kia will save you on repair costs down the road.
Mitsubishi Eclipse:
This nimble automobile has the look of an expensive sports car making it a popular choice among teenage drivers. Don’t worry, parents! With available side airbags, this car matches in safety what it offers in style. With above average fuel economy this car will also save money on fuel. For a first car purchase, the Eclipse will give you a comfortable interior combined with great breaking safety, leaving you cool, calm, and collected even if you aren’t an experienced driver.
Toyota Tacoma:
This cars rugged look often appeals to teenage car buyers, but its safety scores keep parents happy too. Its strong frame has done well in crash safety tests making it a safe, affordable choice. This truck has competitive fuel economy and secure handling combined with high safety ratings. It is a perfect first car; and according to several car review sites most owners would purchase it again. Toyota trucks and SUVs are well known for having high residual values, making them great lease deals in this category.
Toyota Corolla:
This trustworthy car won’t let you down. Its great gas mileage, low price tag, and high safety scores make it a popular choice for new car buyers year after year. This model has one of the best fuel economies in an automatic for not being a hybrid. It will take you farther, on less gas, making it a very economical choice. It handles bumps well, has a comfortable cabin and is considered by many auto review sites to be one of the best small cars available. Low priced, and popular the Corolla is a great option for a first time buyer looking to lease for less.
Dodge Charger:
This spacious cabin is furnished with beautiful materials and has quick steering capacity. It has great break response, stopping quickly on both wet and dry surfaces. The front seats are firm and well-spaced, making your ride smooth and comfortable in any weather. With safety and comfort, you can’t go wrong with a Charger.
Chrysler 300:
This car not only looks great, but has a low chance of rolling over. Again, parents need not worry. It has strong acceleration, comfortable seats and a beautiful fit and finish. It looks strong and luxurious all at the same time. It handles responsively making this a great car for a first time driver and purchaser.
Honda Fit:
This 4-door hatchback has an amazing amount of interior room and has several seat folding capabilities. The fuel economy is excellent and it feels very responsive. It comes well equipped and has comfortable seating. Any passengers will feel like they are riding in much larger car. With the great fuel economy and low price tag, you’ll be saving money all year round.
Mini Cooper:
This fun and flirty car makes up for its lack of size with great safety features and precise steering. On the outside, it may seem small, but the cabin is surprisingly roomy with plenty of front seat leg room for you and your passenger. The fuel economy is excellent. Not only is this car fun to look at and drive, it has some of the highest owner satisfaction results on the market. Additionally, Mini Coopers have some of the best overall resale values on the market, making them a smart choice to lease.
Scion xD:
This easily customized car is a popular choice for a first vehicle. Its high quality and safety features will let you drive with confidence and security, even if you are a new driver. It has comfortable front seating and a very spacious rear for your backseat passengers. The hatchback is a popular choice for new drivers and with the xD being cheaper than other similar makes, you will not regret your purchase.
Jeep Cherokee Liberty:
Excellent off-road conditions make this a fun and rugged car for first time buyers. Its strong frame and modern independent front suspension makes the handling of this Jeep easy no matter the road conditions. Whether you need to travel on the highway or back country roads, this vehicle can handle it. Parents and drivers will feel sure they are being protected by the strong frame, for a first car you can’t go wrong with a Jeep.
Request your FREE car quote today and see the best cars with no credit leasing deals in your area in -.
No Credit? Get The Best Possible Lease Deal
First, obtain a copy of your credit report and score. Dispute any mistakes you may find. Review your finances and determine how much you can afford for a down payment on a new car. You will get a better deal if you provide a down payment. Keep in mind, a lower APR (annual percentage rate) will give you lower monthly payments, but you will pay more interest over the life of the contract.
Bring the following items when applying for leasing or financing:- Proof of employment. This includes paystubs for the past 6 months, or a job offer letter stating the salary. This is especially important if you want to buy a car but have no credit history.
- References. Include names and contact information for up to 6 people who can speak highly of you. This helps alleviate the dealers’ fears of selling you a car with no credit.
- If you are a college student or graduate, bring your transcripts or your degree.
- Copies of your credit report and make sure it is accurate.
- Your car research, including local leasing offers in -, price quotes, special offers, rebates and insurance quotes. This will show the dealer you have done your research and are knowledgeable about your options for best deals.
