I'm getting ready to lease a car and I am unsure of the truth?

JamesB

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Some of the dealers are telling me that even if my co-signer has great credit, this will not help to lower my monthly payments, but rather only to increase my chances of getting approved. They are saying that my monthly payment will be based on my credit and NOT on the cosigner's credit. One dealer said that if I was buying then the monthly rate would be based on my cosigner's credit but for a lease it's based on my credit. This doesn't seem right to me. Is this the truth or are they just BSing me? I'm getting mixed info and can't get any straight answers from dealers. BTW I live in CA and am looking to get a base model Ford Focus SEL. Thanx in advance!
 
It's certainly a weird system they have in the US.
Here in the UK, leasing rates are fixed in the sense that everyone leasing from that dealer pays the same. Either you get approved or you don't. There is none of this varying rates depending on credit score.
 
Don't lease a car. I leased a car for 2 years once and it feels depressing idk why lol. Limited miles and I can't modify the car... boring.
 
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