New Auto Lease - Fico Needed

Discussion in 'Credit Talk' started by GVieve, Apr 10, 2003.

  1. GVieve

    GVieve Well-Known Member

    anyone know what the Fico needed for a new car lease is???

    Thanks
     
  2. FlpnGino

    FlpnGino Active Member

    I'm interested in this as well. I'm looking at leasing either a nissan or a honda. looking at leasing a 19k car with 3k down for 3 years so I was wondering what I should be shooting for my FICO to reach before trying.
     
  3. swajames

    swajames Well-Known Member

    Well, I'm only going by an ad I heard for Toyota on the radio the other day but they were looking for a score of 660 or above (NB Northern California, they described 660 or above as "premium credit"). Others can contribute here but I think there is sometimes a special scoring model specifically for auto loans and the factors that determine the score are different from those that make up a FICO score etc (probably looking more at the performance of previous auto finance etc).
    Best of luck
     
  4. Luke

    Luke Well-Known Member

    I leased a 2003 chevy venture with a fico of 546. Gmac was having a credit rebuilder sale advertised in my local paper. They advertised a score of 550 or above, but I got one.

    Luke
     
  5. GVieve

    GVieve Well-Known Member

    Thanks for the info. I guess it just depends on the dealer.
     

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