How Does Credit Impact a Buick Lease?

If you’ve been considering a Buick lease for its short-term commitment and other benefits, you might be curious about how your credit score can impact the leasing process. Improving your credit before signing a lease with us will be beneficial. To learn more, visit us at Peruzzi Buick GMC today. 

Why Does Credit Matter? 

After you apply for a lease, the financing company will look at your credit score in order to determine how reliable you will be when making monthly payments. If you have good credit, this lets them know that you’ll likely pay on time – this means you’ll benefit from a lower interest rate.

It’s also important to note that you’ll see a minor drop off in your credit score when you first start the lease period. As long as you keep up with your monthly payments, it will go back to normal. In many cases, your credit score will end up better than it was before you got the vehicle. 

How to Prepare for a Buick Lease 

If you currently have poor credit, one of the best things you can do before signing a lease is improve your credit score. Another way to lower your monthly payments and interest rate is to make as large of a down payment as possible when you sign the lease. We also have a variety of lease offers that may apply to the Buick vehicle you’re interested in. 

You should pay close attention to all of the terms inside the lease agreement to make sure they work with your budget and needs. You’ll be able to negotiate a mileage limit, lease period, and many other terms of the contract before signing it at our Buick finance center. 

Visit Peruzzi Buick GMC For a Buick Lease 

If you’re interested in applying for a lease or want to know more about the car-buying process, stop by our Fairless Hills, PA, Buick dealership today. Once you’ve picked out the ideal model for your lifestyle, we’ll help you with the final steps. Come see us to learn more!