Do I need good credit to take over a lease?


Each Lease Buyer applying for lease transfer will go through a credit approval process with the leasing company that owns the vehicle.

All leasing companies have their own standards for decision making on credit approvals, and for this reason it is difficult to say what type of credit history is required in order to gain approval on a lease transfer.

However, in general has found that a relatively high level of credit is necessary to successfully take over a lease. Note, does not facilitate any credit checks on behalf of the lease seller or lease buyer.

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