To qualify for a lease to own, you typically need to meet these requirements:
Have a valid driver’s license.

• Provide proof of income, usually 30 days worth of computer-generated check stubs
• Proof of residency is also required and can usually be satisfied with a recent utility bill in your name
• Have a down payment; the amount required usually depends on the vehicle. $2000 is our baseline

You may have noticed there wasn’t a credit score requirement listed. That’s because Right Place Right Price Autohaus may choose not to run your credit.
Borrowers with poor credit, a lease to own could be the way you get the vehicle you need.

The goal with a lease to own car is to own it in the end. The dealer holds the title until you’ve paid everything and at the end of the term, it’s completely yours. Most lease to own contracts typically lasts for around 12 to 36 months. Lease to Own dealers that extend lease to own agreements only sell used vehicles and are usually independently owned, as well.

During a lease to own car agreement, you’re responsible for making every payment on time and maintaining auto insurance. Repairs, regular maintenance, and everything else associated with vehicle ownership are your responsibility, too.

If you break the rental contract, by either lapsing in car insurance coverage or missing payments, it could mean you’re no longer eligible to purchase the car, so be sure to read everything carefully so you know what you’re getting into. We can remotely disable your vehicle if you’re late on a payment, or you tamper with any security
devices on our vehicles. Any violation of the agreement will immediately start the repossession. Right Place Right Price Autohaus will work with our customer and try to resolve any problems that may arise. So, feel free to inform us of any situation that could hinder the ownership process to completion.

Don’t be afraid to ask questions about the details of your rent to own agreement, and about their credit-reporting practices.