Who Leases best for Tier 2 Credit?

Ask the Hackrs
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1

Hi guys,

I have a pal with a 610 credit score and he’s wondering who penalizes least or actually offers similar deals as tier 1 for a tier 2 score.
Anyone recommend any manufacturers in specific?
Personally, I’ve had some luck with VW in the past, not sure if its still the case. Wondering what you guys might know.

Many thank!!

2

Mazda’s current money factor for leases is .00002 (.01% APR) so to my knowledge it seems like they are the best option for Tier 2 credit from the deals I’ve done for people in the past.

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3

Tier ranges vary by finance company, and not everyone uses the same score model.

That 610 could be a 500 and Tier 77 at one place and 675/Tier 2 somewhere else.

Focus less on the tier/score and more on who will lease most affordably to someone with bad credit.

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4

And now I have a friend that just moved here from Venezuela and has no credit history. Anyone friendly to new credit applicants to your knowledge?

5

If you have a history of auto loans/leases wit ha certain lender, they typically weigh that history higher than things like late credit card or mortgage payments. Of course this assumes your auto payments have been perfect

6

With a co-signer it can definitely be done pretty easily. PM me if you want to discuss further

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7

Assuming their visa also lasts the term of the lease.

8

Yep, Exactly! A little tricky, but can be done.

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