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This is the average credit score required to lease a car.

Car leasing is a widely accepted mobility solution and it has taken over the Indian market also. More and more new drivers are choosing to lease a car than purchase one. With leasing, we can get a car without burning out the bank account to the ground. But how much credit history is needed to lease a car? Well, let us see!

One thing to note is credit history might get in the way but car loans and leases are some of the easiest credit to get. Typically you can acquire a car loan or lease with a credit score close to 700 or above without any issues. But you can still get it if you are slightly below, the issue is getting a lease with lower scores means higher interest rates. Here we are talking about individual leasing, getting a company car lease for employees is different. The corporate car leasing program in India is widely accepted and is growing but let's keep it for another time. 


Another important thing is the type of car you are going for. Luxury car leases will need a better credit score but leasing a more average car will be easier. 

If you have a credit score of 700 or above, you will not face a hard time and you may even get to bag a good deal. The basic deal offered for a particular model will most likely be the same across regions, so the idea is to look for a model that will be good for you. 

You will be able to find some attractive deals on some models if you look into them and if the deal remains the same you might want to consider other things that can improve your leasing experience. 


The most important among them is to pick a good leasing partner. We have several leasing companies in the country but it is always smart to go with a trusted company. Companies like ALD Automotive have been in the industry for a long time and have created a name for themselves. It will be in your best interest to choose the best to receive the best. 

Leasing a car is not only about driving but the relationship with the leasing company. ALD brings customers many services that make their leasing experience extraordinary. So, the credit score gets you good cars but it's up to you to select the best experience. 


But what if the score is below 700?


Well, leasing gets a bit more difficult if you have lower credit scores. If it is lower, that means you will have to pay more at signing and it can even increase your monthly payments. If you want to keep your monthly payments where you want them, you will have to spend more money. 


Also the freedom you enjoy with a better credit score like choosing a model you prefer and so on will be absent here. So it is best to check out a few models as the backup before you start leasing processes. 


If you want a specific model, trying used car leasing is a good option. But there will be limitations because the car must be available for used car leasing. 


So it is obvious that a better credit score helps you in leasing but it is not the only thing that they take into consideration. 


For example, things like a good steady job, a decent income, etc. will help leasing companies judge you better. 


And make sure you have a proper understanding of leasing. Ensure you know how it works and that it's significant to avoid common mistakes people make while leasing. Take your time and understand how it works and how to get good deals to make your time worthwhile and avoid mistakes. 


You must keep in mind that a low credit score can still get you a car lease but it will cost you a bit more. Make sure you have a good idea about leasing before you jump into it. Leasing experience depends heavily on who you lease from so make sure you choose the leasing partner that suits your needs. Make it worth your time with ALD Automotive. 
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