Base assignments, deployment, your credit & available down payment, there are many factors to consider when it comes to leasing or buying a car in the military. What makes the right choice?

Consumers with problem credit typically ask us about auto leasing because they're either looking at more expensive vehicles or they want to keep their car loan payments as low as possible.

One great way to have the latest and greatest innovations of the auto industry is to lease a vehicle. This can be a difficult process if your finances are in less than perfect shape - but still possible!

Consumers with bad credit often either don't know the different types of credit scores, what these numbers mean or even what their credit scores or even what they are before applying for an auto loan.

Applicants for auto loans that have poor credit often pose the question how does auto leasing work and want to know if there is a chance they might qualify for this type of financing.

There is certainly nothing wrong with a lease to own vehicle if a borrower's credit is really bad and they have no other alternative. On the other hand, if they can qualify for a subprime loan, the advantages include newer vehicles with lower miles, vehicle warranties that often cover the entire loan term and the chance to reestablish their credit and improve their credit scores.

A walk-away lease is an old way of simply saying lease. Also called a “true lease,” or a “closed end” lease, it refers to the type of leased vehicle a lessee turns in when the term is up. Just because low credit makes leasing more difficult, it doesn’t mean getting a walk-away lease is completely out of the picture – you just need to work with the right dealer.

How much car you can afford to lease ultimately depends on your own budget and finances. Leasing a car can be costly, and not everyone will qualify.

Leasing has become a popular alternative to car buying. You get a new car, drive it for a few years, and have the option to buy it or turn it back in and lease again.

There’s a lot of enticing advertising out there about leasing a car that often draws consumers into local dealerships. If you're a bad credit car buyer, however, you're likely to walk away unable to qualify for the deals you expected. Don't let that end your new car dreams – there are dealers who can work with you, you just have to know where to look.