Transcript

What Lenders Look At · The Lease End Minute

0:00
Joe: This is the Lease End Minute. I'm Joe from Champion Auto Finance.
0:04
Joe: Financing a lease buyout? Here's what lenders usually look at.
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Joe: Your credit history and score. Your income and existing debts. And the car itself: its age, mileage and value compared with how much you want to borrow.
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Joe: Before you apply, pull your free credit reports and check them for mistakes. Know roughly what your car is worth. And have your payoff quote ready. A clean, current application tends to move faster. Approval and terms always depend on the lender, so compare offers and read the total cost, not just the monthly payment.
0:34
Joe: Champion Auto Finance is not a lender. Approvals and terms are subject to lender underwriting.