APPROVED!!!!

[Anonymous]

Thanks to this forum, I got some great advice, jumped my scores up from the low 500s to the mid/high 500s in just a matter of 3 months.  VW Credit approved me with a TU 576 score for a lease and I got a 2015 Jetta SE 1.8t for $19,500 - $250 a month with $3800 down.  Granted, it's a D-Tier and required a little more down than I had anticipated.  However, with my credit, my interest rates on loans were in the high teens.  Any used car I bought would have had negative equity within months.  With a lease, I can pay it on time monthly for a couple of years while the rest of my credit issues get sorted out and eventually move my way up the scale to an A-Tier and receive much better rates without the worry of negative equity.

Thank you all...all of your advice has sincerely moved me along in my credit journey.  

[ezdriver]

Good strategy. I am surprised that you were approved for a lease as it is generally tougher to be approved for a lease than a purchase loan. Enjoy your new ride.

[Anonymous]

Congrats...

[CreditCuriosity]

Suprised at the lease approval as well as they are tougher... Congrats though on your new car!

[uswala]

Congrats!

[Creditaddict]

Leaseas have become easier than purchases again!

[Creditaddict]

because with $3800 down if OP looses the car to repo in the next several months they will sell it at auction and only take a couple grand loss on the books since it's like "renting"

[Luscher]

Leases are always easy when you put money down, with any score. Either way congrats. Now keep up the good work.

[Anonymous]

Wow with that score? I want the Passat.. I have a 635-650 score. You give me hope!

[surferchris]

Congrats!