Lease car with GM Financial - current customer

[dannyz21]

Hello, looking for advice - I leased a Traverse through GM financial over 12 months ago with a $812 monthly payment.  I have not been late on this account.  However, my credit is still around the 580 auto enhanced fico score range.  My question is - I would like to lease a Chevy Cruze thru GM financial, will they give me good rates since I'm a current customer, despite my poor credit score?  Does my history with them help me out at all?   I'm not going to trade in the Traverse.  Appreciate any thoughts.   Thanks.

[Anonymous]

They may take your history with them into consideration

What is the story with the $812 lease? That is almost $10k for the year. With A quick search I can find 2015-2016 Cruzes with less then 30k sub 10k. If you have the ability to put out 812 a month maybe it would be nice to wait a year and just pay cash for the car while you work on your credit.

Either way good luck with the car shopping

[JGGM]

I think your bigger problem is going to be GM Financial allowing a second open auto with those scores. I would guess for it to happen you'd need either a co-borrower (thus showing a need for a second vehicle and ideally a second person with an income) or have a combination of high income and large money down (for a lease). Just my $.02

[dannyz21]

Yes, I think the second car with GM Financial might be a stretch.  However, I received a private offer of $3500 off of the purchase of a chevy cruze from GM financial about a month ago.  I figured they must be ok with me getting a second loan since they sent the offer.   Might be wishful thinking on my part, but we'll find out.