any input would gladly be appreciated. Anyone happen to know how GMF would evaluate a potential lessee with old charge-offs? I have 10 charge offs. 5 of which are paid in full and the other 5 which were settled in less than full. However these charged off accounts are about 5-6 years old. But they are $0 out. My TU AUTO 9 is a 582. It will take a least a month or 2 to reflect the $0 balances on the charge- offs.
I would be looking to lease a caddy for like $62k. Money down isn't a problem.
Why is the score so low if the charge offs are paid?. High debt?. Anyways you'll never know till you try but with a under 600 not sure you see an approval
Is there a reason why you need a Caddy ?
With your profile, a dealer may steer you in the Chevy or GM line.
With a large enough down, any dealer would lease a car to you.
Be aware with your scores, your MF (lease interest rate) will be high and may be subject to subprime rates.
Since a vehicle is secured against your lease, most deals can happen due to the bank that owns it but be aware that you are in a position to be taken advantage of by the dealer (ADM, price over MSRP, high MF, security deposit, less favorable miles/year).
idk about leases but it was tough to get financing with GM under 600 with huge DP........