There is nothing like the feeling of sinking into new leather, breathing in that fabulous new car smell with a smile on your face and feeling the vibrations of your new car engine roaring to life. You can impress your friends and wow your neighbors with the right car, feeling the the confidence of knowing that you have made it. The following article will outline everything you need to know about bad credit car lease options, so that the dealership approves your new lease on the car YOU want, and ensure you are zipping down the highway, the wind in your hair in spite of your bad financial history.

A car lease provides you freedom, and opens opportunities and for jobs outside of walking distance of your home.

As much as mass transport options can be convenient, noone wants to be seen getting off the bus for the key job interview that can change your life.

Unfortunately low scores can prevent your leasing just any car, but read on if you want to learn how to get around your financial history.

Leasing a Car Pros and Cons

No way around it, low scores make it difficult to get financing, and even more difficult to get a lease approved since most of the car dealers are not interested in letting high risk people simply walk in and drive away. Leasing is similar in that the dealer will check your credit in order to assess your financial capability of meeting your repayment schedule and gauge your overall trustworthiness.

People with a bad FICO report are considered a high risk to the lessor - the risk is that you will not be able to pay on time, will default on the payment or will consistently fall into arrears on your payments.

In the case that you default the dealer will likely repossess the vehicle causes dealers a headache because the condition of the vehicle may devalue its worth.

Your average vehicle lease contract requires an up front deposit for security in addition to the monthly payments.

The key to getting bad credit auto leasing approved is to expect to deposit a higher downpayment, or if you have one, use a cosigner. Dealers will often approve you if you offer terms to compensate for the higher perceived risk.

Used car dealerships often have more flexibility to wheel and deal, and you can offer additional collateral as security to get your lease approved. Contracts are wide open, and almost everything is possible when mutually agreed upon, the collateral will help secure the asset in the case you default on the payments.

Specialized financing dealerships and used car dealers are usually more open to this type of creative arrangement.

Shop around amongst and compare the deals being offered. Check what bad credit Toyota deals are available and compare them against a bad credit BMW dealer rate. Do not focus on one dealer alone, it pays to have dealerships compete. See who is most willing to make it work for you.

You might be as excited as pie and ready to sign on the dotted line to get your keys and start driving, little knowing that the next dealer has even easier qualification standards and a better deal waiting that you missed out on.

Prepare Before Shopping for a New Lease

Before you begin negotiating with the dealers, be sure to get a copy of your free credit report so that you will have an idea of your negotiating position.

How bad are your scores really, at this very moment, you might have a lower risk than you think.

If you are having trouble getting a car lease approved, it might be only a couple of negative items on your report that are preventing you from success. You have the option to go to the three reporting agencies and request to remove negative items that are not factual so that you look your best on paper to increase your approval chances.

In addition to increasing your chances for approval, it will save you money as a good credit score is sure to help you lower your monthly payments and can help lower money down deposits required.

If you have your heart set on leasing a vehicle, dealerships offer options. Reference wikipedia's guide to car leasing for further information. Large auto dealerships and some smaller vehicle dealers can replace the bank and offer their own structuring options.

Don't discount larger dealers in this economy as they might be overstocked and need to lower their inventory. This may make them more willing to provide poor credit car leasing deals which they would otherwise not consider.

The telephone is your friend, and can save you time, but get out and speak face to face with the leasing office personnel, the relationship you build with a salesman could sway the scales in favor of your approval.

Additionally, talk with the head of the financing department of the dealership. Negotiate with them and see what kind of deal can be reached without their needing to check your credit.

Leasing a Car vs Buying a Car

You may be surprised to learn when shopping for a lease that vehicle financing is a possibility for you. They are as interested in selling you a vehicle as you are in getting behind the wheel -- buying a car with bad credit is often easier than leasing.

There is no need to hide your past. Simply state your goals, where you stand financially, and see what can be done. Be genuine to who you are, there is no need to hide anything. Let them work to provide you financing options which can fit your budget.

What To Do If You Still Can't Get Approved?

Take steps to repair your credit, building a history of on time regular payments, while seeing to derogatory items in your report getting in your way. Shift your focus to paying your loans and/or credit cards on time and keep records of your good faith payment history.

We want to build a case for your being a good risk for a car lease and then return to the dealer. Your credit score will mprove with time if your personal finances are sound. Consider working with our recommended credit repair companies to have it done for you. Speak frankly with your car leasing agent, find out what is preventing your approval, address it, and return.

While you are working on polishing your report, you can use the time to start saving up for the deposit for your dream car. If you don't want to wait for your credit to improve, take advantage of a bad credit car lease with cosigner option.

Find out what financing for buying a new car or for used vehicles may be available to you with our recommended offer, see your online quote in minutes...

Flexible Car Dealerships

Look around in your neighborhood to find the flexible dealers. Working with the bad credit auto financing gives you easier approvals, but expect financing costs to compensate.

Be sure to borrow responsibly, avoid entering any agreement that the monthly payments will be a challenge to meet, it will only lead to your facing similar difficulties next time around.

Let them see your financial report and they will determine quickly if you meet their credit score car lease qualification standards. If not, don't worry, try the tips we shared above, and if still no luck, consider bad credit car loans to get you behind the wheel.

When looking to lease a vehicle most of the cards are in the hands of the dealership. Relationships can make the difference, so be charming, smile, meet the people and show them your genuine sincerity in wanting to make a deal.

Getting a bad credit car lease approved requires a little luck, and working with a flexible lessor willing to trust you with a second chance.