Buying/Leasing a car after BK

[tinroofrusted]

Actually, I worked for a car dealership right after high school, and often times they could approve people for a lease, when they couldn't approve them for a loan.... That was just my experience, take it for what you will!

[HHM]

Yeah, it can be tough. The few people I have known who tried it, had to go to these seedy car dealers that would "lease" them a 6 year old used car at payments for which they could purchase the same car.

The odds of leasing a new car will probably be slim, and leasing used cars usually doesn't make sense.

Again, it all depends on what your credit looks like Post BK when you go the dealer. But as a general matter, for new cars, its harder to qualify for a lease than a purchase.

[HRx]

You typically need to have stellar credit to get approved for a Lease. But if you do get approved, right out of BK your money-factor will be insane! Most folks simply side with buying a used vehicle post BK.

Good Luck!

[brokeazz]

Anyone have any experience with this? Is it hard to get approved? I've never leased or purchased a car - but I am really leaning towards leasing.
my BK will not even be discharged when I begin searching for a lease. Any tips? I called one place and they tried to talk me into buying instead. It seems like there are so many different prices out there, and it's almost like you have to go to EVERY DEALER that deals in the car you want to get the best deal.
ao any tips would be great! thanks