Will I get refunded my car leasing deposit?
In most cases, a leasing deposit is only refundable at the end of the lease. This presupposes that all of the leasing contract terms have been met. Please remember that a deposit (also known as a security deposit) is not the same as a down payment. Down payments are normally non-refundable, while security deposits are. In addition, it’s worth noting that certain rentals require non-refundable deposits. As a result, before signing on the dotted line, carefully study your lease agreement and ask as many questions as you can.
Is it possible to lease a car with bad credit and no money down?
While it is not impossible, leasing a vehicle with bad credit and no money for a down payment is challenging. Most zero-down lease offers to necessitate a good credit score. But don’t fear, there are lots of options for car buyers with less-than-perfect credit. Contact our lending staff to learn more about your leasing possibilities.
What is the minimum credit score required to lease a car?
Generally, a credit score of less than 619 is considered “subprime.” While this form of credit isn’t automatically denied, a credit score below 619 usually indicates you’ll have to pay a higher interest rate and down payment. Making on-time payments, a regular employment history, and requesting loans too frequently are all ways to boost your credit score.
Is it possible to return my leased vehicle to a different dealership?
You can trade in your leased vehicle at a different dealership in most cases. It must, however, be a vehicle manufacturer-authorized dealership. It should go without saying, but you can’t turn a leased car into any other dealership brand. You can, however, take your rented Hyundai to any approved Hyundai dealership in the United States. But, again, presuming that all of your lease contract responsibilities have been met.
Is maintenance included in the cost of my car lease?
Maintenance perks are often the most popular of all the advantages of leasing an automobile. Of course, specifications will differ between leasing contracts, but most leases will cover your leased vehicle’s routine maintenance and service requirements. For example, fluid and filter replacements, regular tune-ups, and regularly scheduled maintenance are normally free to the lessee.
