For those individuals who have bad credit histories, we introduce to you the greatest resolution to your dilemma: the sub-prime car leasing.
This type of leasing would surely help you by giving you a competitive pricing plan but is reflective of your credit issues.
Sub-prime leasing would allow you to still choose a brand-new car but only that you have fewer choices and that you have to pay higher compared to the ordinary car for the risk taken.
The first thing you need to do in this type of car leasing is to choose the car and the deal you want to avail of, contact the sub-prime leasing company, and submit the following documents for review: pay slip for three months, last three months bank statements, copy of driver’s license, and utility bill dated for ninety days.
All vehicles are from franchise dealers. The balance of the car’s former owner is provided for you to utilize. There are instances though when the financial institution would let you pay a higher initial payment or down payment.
Usually these companies would ask you to give an amount for the processing which is refundable if in case the deal won’t be granted but nonrefundable if the lease is approved.
You are also liable for insuring your car. Insurance is not covered by this type of lease. Mileage is another thing. You need to monitor your mileage. The lower your mileage is, the lower your rental payment. You have a corresponding charge for every mile in excess of the required mileage.
Source: http://www.subprimecarleasing.com/
Monday, August 25, 2008
Having Bad Credits? Here’s a Car Lease Deal!
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2 comments:
nice article..there are some ways to remove your bad credit report however just be careful for those site offering services because this might be a scam..
anyway there some tips on how to improve your credit card
You have mentioned some important points about sub-prime leasing like documents, time frame etc. Sub-prime leasing company is giving us better deal but charging little more money as compared to charges of an ordinary car. And I think little more expense for brand new car is a worth deal.
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