How Your Credit Score Impacts Your Ability to Secure a Kia Lease

For many motorists, a Kia lease is an affordable way to get a new vehicle. Whether leasing is a wise move for you depends on various factors, such as your credit score. If your credit score is less than stellar or you've yet to establish a credit history, you may think leasing isn't an option.

That's simply not the case, however, as the experts in our Kia finance center near Sacramento, CA help people with all sorts of credit scores secure affordable lease packages every day.

About Your Credit Score

If you're interested in one of our new Kia cars, you may decide to lease the model that appeals to you. Your credit score will influence the terms that are included in your contract. More specifically, your credit score will impact the lease factor or lease rate, which is basically the equivalent of the interest rate you'd pay if you decided to purchase an automobile instead.

As a general rule, the lower your credit score is, the higher your lease rate will be. If your credit score is "good" at least, it greatly increases the odds that you'll qualify for a lease that has a reasonable lease factor. Lenders typically view a credit score of 670 or higher as good enough for a driver to qualify for a lease.

How We Can Help

Our finance pros work with lenders who recognize that you're more than the three-digit numbers reported by credit agencies. Like us, our trusted lenders look at all the pieces that make up your financial picture, such as your income, debt-to-income ratio, and, yes, your credit score. By looking at multiple pieces of information, including our notes, our lenders will determine the lease deal you qualify for.

Drivers with troubled credit who aren't quite ready to apply for a lease can rely on us for actionable advice to improve their FICO scores. Saving to make a sizeable down payment, lowering your debt-to-income ratio, and recruiting a cosigner are things you can do to increase the chances you'll qualify for a Kia lease.

Ready to apply for a lease? Apply for a Kia lease through our Folsom, CA Kia dealership now! Or to learn more about how your credit score will impact your ability to lease a Kia car, contact or visit Folsom Lake Kia today.