A women taking her new VW keys

Can You Lease A VW With Bad Credit?


Lease VW Vehicles with Poor Credit

Did you know leasing with bad credit is an option at your local VW dealer? While you can lease in Miami, it’s not always easy to do. However, by performing some due diligence ahead of time and understanding your limitations, you can still drive away today. At South Motors Volkswagen, we help customers with their bad credit auto loans and lease in Miami. Schedule your appointment today with our friendly staff in the finance department to see what we can do for you.

How to Lease a VW in Miami

To get started leasing with bad credit, you want to first understand your financial situation. A hard look at your credit history is a must if you desire a new VW lease. Your credit report is a look at your consumer history and shows how reliable you are as a debtor. Your credit score will fall somewhere between 300 and 850, with anything under 620 considered “subprime.” Usually, the lowest credit score to get a lease is around 700. If you have poor credit, it’s important to remember that you might have trouble getting the car of your dreams. It might be necessary to settle for something less expensive and glamorous than what you were initially looking at.

You should also consider the value of a Volkswagen lease at the end of the year. Dealerships are eager to get rid of older inventory to make room for what’s new. In these cases, the financial team is a little more lenient with leasing terms. It’s important that you can prove your income and it also helps if you have a co-signer willing to take the burden with you. If you’ve had a prior lease, you can show a record of paying that on time, which might be enough to throw the application over the edge. It’s also helpful if you save up for a larger down payment. Customers with near-perfect credit don’t need a down payment to drive away in a Volkswagen, but you will. The more you can show upfront, the less of a liability you are.

Pros of Leasing with Bad Credit

VW car leasing isn’t for everyone, but if you are trying to build your credit, it might help. By paying monthly on your leased Volkswagen, you can help restore good credit once again. At the end of the lease, you might even be ready to buy a car if that’s what you want. Of course, leasing with bad credit does mean that you will have a higher interest rate compared with most customers. You might also need to agree to different loan terms. However, there are a lot of perks that come with a lease in Miami.

For example, with a lease, you don’t have nearly as much to pay every month as you would if you purchased the same car. Additionally, you don’t have to worry about selling the car when you are finished with it; simply turn it back in at the dealership. If you need Volkswagen service or maintenance, a lot of times it is going to be covered. All you have to do is bring the vehicle to your VW Service Center and there might be nothing to pay on your end. It might be time to check out a new VW lease today.

Let Us Help You Lease a VW in Miami

Whether you are interested in the 2021 Volkswagen Tiguan or the 2021 Volkswagen Jetta, we can help. Our team is prepared to examine the latest lease specials and auto financing terms with you to see which suits you best. The time has come to lease a VW in South Florida. Schedule your appointment at South Motors Volkswagen to discuss leasing with bad credit today.