Is it easier to approve for a lease or an auto loan?

I want to lease a vehicle rather than buy one,but which is easier to approve for with less than stellar credit?

Is it easier to approve for a lease or an auto loan?
Get an online auto loan quote. http://www.goodinternetdeals.com/Auto-Lo... The questionaire will let you know if you can be approved. It will only take a few minutes.
Reply:Leases are harder to qualify for. You are essentially renting the vehicle, and have to give it back in a few years. If you bring it back in bad shape, dents, dings, scratches, broken glass, missing parts, and with a ton of miles, the bank is going to charge you. However, you still may not pay (people with less than stellar credit, as you say, have a history of not paying their debts as promised). So if you don't pay, the bank loses a lot of money. Plus, if something happens to the car, such as a total loss (say it gets into a bad accident), and you don't have insurance, the car technically belongs to the bank, so it is ultimately their problem.





This is why it is harder to qualify for a lease. It puts the bank even more at risk.