Credit Card Forum
  1. #1
    ncl
    ncl is offline
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    Join Date
    Jul 2011
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    Default Can You Use a Debit Card to Lease a Car or truck?

    It's my question. I don't know what else to write in the details section
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  2. #2
    Gold Member
    Join Date
    Jul 2011
    Location
    Florida
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    Default

    I'm not sure if I understand the question?

    You can use it for the down payment, to pay the monthly lease or pay it full with the debit card (most likely not due to the $7,500 spending limit, a check may be necessary).

    Leases is basically a bank letting you borrow the car and you're paying a monthly payment to the bank for that right since the moment a car leaves the lot, it loses value. The bank also collects interest and profit for letting you borrow the money.

    If you mean to rent a car for a week then it depends, some places do, but most usually don't. Credit cards are the norm when it comes to renting a car however you can pay for it with debit cards. Some credit cards also offer insurance free when you pay for it with it (such as Citi Forward).
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