What does your credit score have to be at in order to qualify for a car lease? What numerical number

Its for a BMW 3 series?

What does your credit score have to be at in order to qualify for a car lease? What numerical number?

Unless your credit score says you%26#039;re a horribly untrustworthy person, you%26#039;ll always %26quot;qualify%26quot; the question is how much are they going to screw you on interest based on your credit rating.

The formula that generates your score is a trade secret, and the criteria that lenders have to grant and term your loan is secret as well, so you can%26#039;t really know the factors it takes for any one company to grant/deny you a loan and the terms. They figure their numbers out, and you need to make an informed decision on whether you can afford it, and by shopping around.

What does your credit score have to be at in order to qualify for a car lease? What numerical number?

Based on the excerpt that I found for you below, I%26#039;d imagine for a BMW lease you%26#039;d have to have exceptional credit, and if the dealer does not require this then you may find that the lease payment will be very high.

I will attach a link where I found this information and other great information about leasing!

Good luck!

Your Credit Score Makes a Big Difference

When you lease or buy a car, the dealer and his finance company check your FICO credit score from one or more of the three national credit reporting companies 閳?Equifax , Experian, and TransUnion. Your score determines what interest rate (lease money factor) you%26#039;ll pay, or if you%26#039;ll be approved at all. Each reporting company can have a different score for you 閳?you need to know them all. Scores above 700 get you the best rates. Below about 640, you%26#039;re in trouble.Your score also affects your car insurance rates, your ability to get a mortgage, or even your ability to get a job. Credit history reports are now free to most consumers in the U.S., but credit scores are not.

What does your credit score have to be at in order to qualify for a car lease? What numerical number?

I found The best info about your Question HERE:

(VERY good loans - c.cards - credit repair %26amp; score; info)

http://new-loans-center.blogspot.com

Good luck!