Can I Qualify for a Zero-Down Car Lease?

A lot of people are looking for zero-down leases when they are in the market for a new car or SUV. Car dealerships and manufacturers may offer no down payment on a lease to pull in prospective customers, and highlight cars and SUVs they have on their lots. Prospective buyers may want one for a number of reasons, but typically to save money up front.

Considering a non-refundable payment of $1,500, $2,500, $4,000 or more at the start of a lease, it makes sense that you may want to spend less when you sign on the dotted line. If you are looking to lease a car but don't have cash for a down payment, you may want to find a 0-down lease. But "zero-down" does not mean that you can simply go to Sheehy INFINITI of Annapolis (or another dealership in Annapolis) with an empty wallet and drive away in a new car without paying. Even with a zero-down lease, you will still have to pay fees, sales tax, and commonly the first month’s lease payment. 0-downs are more of a risk for the leasing company if you default. That is why, normally, no-deposit car leases are only available to customers with the best credit rating, or what we refer to as "Tier 1". Call us at (888) 257-6979 if you want to find out if you qualify or to talk about the best option for you for leasing a new car.