To get the best lease deals you want, it is useful to understand what lenders look for and improve your credit history.
1. It is important to minimise the number of credit applications you make. As a guide, 1 quarter yearly is a comfortable number
2. Register to vote so you can be sure to be on the electoral role, this helps lenders confirm your identity which is essential for a successful application.
3. Get a copy of your Experian Credit Report to be certain your credit information is accurate and up-to-date. It is important that you check your report regularly for any changes and to keep track of progress.
4. Consider building up your credit history with smaller forms of credit. By paying off credit on time and in full, you can show lenders you’re a responsible borrower. Remember, you should only take out credit you can comfortably afford
Have a question about vehicle leasing?
Top 10 benefits of vehicle leasing >LEARN MORE
Your simple 5-Step guide to getting started >LEARN MORE