Question: What credit score is needed to lease a new car?

I just got this question about how bad credit affects the way we lease a new car:

Marcus, let me start by saying “GOD SENT YOU FROM CAR DEALING HEAVEN” and I regret dearly not coming across your site before.

I just leased a VW ATLAS and was simply disgusted by the mambo-jumbo tactics and utterly steal I was subject to. As I was hitting my head on the keyboard regarding down payments. However, I still have hope.

I am debating between 2017 Mazda 3 (Sport) vs 2017 Hyundai Elantra GT. Hyundai is making me thirsty for some of these amazing manufacturer incentives which can seriously bring the MSRP down.

My biggest concern is that the rent charge will skyrocket due to credit score. However, under Hyundai website, I was given the mini version of EQUIFAX (BLACKBOOK) and credit score was a lot higher (630 Capital vs 680 EQ black book).

This got me thinking that I wouldn’t be able to get a great deal as I had hoped to. Am I wrong to assume this? I have considered that these car dealers may “approve” my lease by Dec 28 but later calling and ask to take the lease back the first week of January (Read your tutorial on this maneuver as well?)


Thanks for the hat tip. I appreciate the kudos on my KTL Leasing System

And I would not beat yourself up on seeing this blog earlier. The car industry (and their compromised “journalists”) ignore this blog (for obvious reasons).

Yes. The car industry knows the average shopper no longer visits 5 locations like our parents use to.

These days, we have been tricked into “researching” from home and visiting just one dealership. And this is EXACTLY why car sellers treat us with no respect. They have the car we want. They know we are too lazy to shop around. And this is how they hustle us for thousands extra. Evil genius, eh?

Continue reading “Question: What credit score is needed to lease a new car?”

Question: How should I handle my lease return and get a new lease?

I just got this question about what happens when you return a leased car for a new leased car using the same leasing company:

Hello Markus,

I was hoping to get some useful advice regarding a lease return.

I’m currently in the 3rd year of my 3 year lease through Chrysler Capital. I have 6 payments remaining (about $2000). I’m located in Southern Ca.

I’m looking to upgrade into a 2018 of the same make and model. The lease quote I received is:

MSRP: 43,290

SALE PRICE: 38,450




I haven’t yet informed the dealer about my lease return. What’s the best way to ask the dealer for a buyout without being taken advantage of?

What about my current tags, they don’t expire until June 2018, why can’t I keep my tags and save on registration fees?

Any help you can provide would be appreciated.

Continue reading “Question: How should I handle my lease return and get a new lease?”

Question: when is the best time of the year to lease a car?

Bottom line bmw- is it possible to get 0 downpayment?
When is the best time to get the beat deal on a lease? End of year? Certain time of month?

I am always careful when asked these types of questions…

Because the good ‘ol US government does not allow us to make “claims.” We cannot make guarantees of outcomes. Heck, we technically cannot even offer a money-back guarantee… because it implies a claim.

Continue reading “Question: when is the best time of the year to lease a car?”

Question: should I put more money down to lower my lease payment?

Is it possible to lease a car and have a $0.00 (zero dollar) monthly payment if I make a significant down payment? I am trying to lease a car and pay no more than $100.00 a month for 36 months, what kind of down payment should I offer them?

We have been lied to by the car industry so many times – and this includes the idea that we need to put money down on a new car lease.

Continue reading “Question: should I put more money down to lower my lease payment?”

Question: Is turning in a leased car early for another lease worth it?

Hello Markus,

My current lease on a 2015 Nissan Altima is up on 12/01/2017 and my last payment will be automatically debited on 11/01/2017. I have had an inspection and will have a lease end balance of wear/tear charges for a broken fog lamp $230, chipped windshield $55, disposition fee ~$300.

I visited dealerships and test drove 3 different vehicles…

And all the dealers have told me they would pay off the rest of my current lease.

Should I take advantage of this while using your system?

Thank you for your time and help.



Of course, every dealership wants to pay off the remainder of our current lease…

Because this is how dealership owners get RICH.

Here is why:

Continue reading “Question: Is turning in a leased car early for another lease worth it?”