The following are general guidelines. However, all final credit decisions will be made by Don L. Leasing in its sole discretion.
A complete financial profile and history of an individual who demonstrates high quality credit background with no history of derogatory credit items.
Applicants meeting the "A" qualification criteria enjoy the benefits of discounted rates, aggressive credit advances, and residuals. Custom tailored leasing options exist for these prospects considering highline and exotics up to 15 years old.
Area of Credit History:
5 years successful maintenance and/or repayment pattern of all credit accounts
Positive repayment history of comparable balances (60%) of the amount now being considered.
Area of Stability:
2 year history of residing in the same geographical area.
3 year employment history with same employer.
3 years in same industry.
Area of Income:
30% debt-income ratio, demonstrate sufficient income to support additional debt load.
Legitimate substantiation of income through provision of income documents such as; Current year US income tax returns, Employer pay stubs, Bank references, Corporate or Personal financial statements, Investment account statements, or CPA prepared letters of income.
Area of Equity:
The borrowed amount does not exceed the vehicle's market lease value as established by market indicators, published value/depreciation guides, and Don L. Leasing credit analyst's assessment.
BCredit Criteria
The following are general guidelines. However, all final credit decisions will be made by Don L. Leasing in its sole discretion.
A complete financial profile and history of an individual who demonstrates high quality credit background with no history of derogatory credit items.
Applicants meeting the "B" qualification criteria enjoy the benefits of competitive rates, aggressive credit advances and residuals. Specialized leasing options exist for these prospects considering highline and exotics up to 15 years old.
Area of Credit History:
2 years successful maintenance and/or repayment pattern of all credit accounts.
Positive repayment history of comparable balances of the amount being considered.
Credit profiles that indicate having recovered from slow or derogatory repayment patterns.
Former bankruptcy acceptable with reestablished credit and no derogatory items since the discharge.
Area of Stability:
2 year history of residing in the same geographical area.
2 year employment history with same employer.
2 years in same industry.
Area of Income:
35% debt-income ratio; demonstrate sufficient income to support additional debt load.
Legitimate substantiation of income through provision of income documents such as; Current year- US income tax returns, Employer pay stubs, Bank references, Corporate or Personal financial statements, Investment account statements, or CPA prepared letters of income.
Area of Equity:
The borrowed amount does not exceed the vehicle's market lease value as established by market indicators, published value/depreciation guides, and Don L. Leasing credit analyst's assessment.
CCredit Criteria
The following are general guidelines. However, all final credit decisions will be made by Don L. Leasing in its sole discretion.
A complete financial profile and history of an individual who demonstrates high quality credit background with no history of derogatory credit items.
Applicants meeting the "C" qualification criteria enjoy the benefits of competitive rates, aggressive credit advances and residuals. Specialized leasing options exist for these prospects considering highline and exotics up to 15 years old.
Area of Credit History:
1-year successful maintenance and/or repayment pattern of all credit accounts.
Positive repayment history of comparable balances - 50% of the amount being considered.
Credit profile that indicates having recovered from slow or derogatory repayment patterns.
Former bankruptcies acceptable with re-established credit and no derogatory items since the discharge.
Area of Stability:
2 year history of residing in the same geographical area.
2 year employment history with same employer.
2 years in same industry.
Area of Income:
* 35% debt-income ratio; demonstrate sufficient income to support additional debt load.
Legitimate substantiation of income through provision of income documents such as; Current year- US income tax returns, Employer pay stubs, Bank references, Corporate or Personal financial statements, Investment account statements, or CPA prepared letters of income.
Area of Equity:
The borrowed amount does not exceed the vehicle's market lease value as established by market indicators, published value/depreciation guides, and Don L. Leasing credit analyst's assessment.
DCredit Criteria
The following are general guidelines. However, all final credit decisions will be made by Don L. Leasing in its sole discretion.
A complete financial profile and history of an individual who demonstrates high quality credit background with no history of derogatory credit items.
Applicants meeting the "D" qualification criteria enjoy the benefits of aggressive credit advances and residuals. Specialized leasing options exist for these prospects considering highline and exotics up to 15 years old.
Area of Credit History:
1-year successful maintenance and / or repayment pattern of all credit accounts.
Positive repayment history of comparable balances - 50% of the amount being considered.
Credit profile that indicates recovery in progress from slow or derogatory repayment patterns.
Former bankruptcies acceptable with re-established credit
Former Repossession acceptable with no outstanding balance
Area of Stability:
1 year history of residing in the same geographical area.
1 year employment history with same employer.
2 years in the same industry
6 verified references
Area of Income:
40% debt-income ratio; demonstrate sufficient income to support additional debt load.
Legitimate substantiation of income through provision of income documents such as; Current year - US income tax returns, employer pay stubs, Bank references, Corporate or personal financial statements, Investment account statements, or CPA prepared letters of income
Area of Equity:
The borrowed amount does not exceed the vehicle's market lease value as established by market indicators, published value/depreciation guides, and Don L. Leasing credit analyst's assessment.