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How Lease End Protects Your Credit Score When Applying for Loans
Published 3/12/25
Applying for a loan can be stressful—Who will fund my loan? How do I get the best rate? Will upcoming credit inquiries hurt my credit score?
Thankfully, Lease End is here to handle the more stressful aspects of buying out your lease. Their process is designed to keep your credit intact while finding you the best financing options.
To better understand how they do this, let’s take a peek under the hood of their process, starting with the basics: soft pulls and hard pulls.
Soft Pull vs. Hard Pull: What's the Difference?
Most people have heard of credit inquiries—the request made by a company to review your credit report—but not everyone knows there are two types of credit inquiries: soft pulls and hard pulls.
- Soft Pulls: Think of a soft pull as a friendly check-in on your credit without leaving a mark. This happens when companies, or even you, want to get a general sense of your credit situation. It doesn’t affect your score at all and isn’t visible to other lenders. Soft pulls are standard for things like pre-approvals or when you're checking your own credit score.
- Hard Pulls: A hard pull, or hard inquiry, happens when a lender is making a more thorough assessment of your credit to decide whether to extend a loan or line of credit. A hard inquiry might slightly lower your credit score, but the effect is typically temporary. As long as hard inquiries are spaced out, they generally don’t negatively impact your credit score.
Lease End's Soft Pull Approach: No Credit Score Hit
When you work with Lease End to finance your car lease buyout, they run a soft pull to pre-qualify you for a loan. This means Lease End can assess your credit situation without actually affecting your credit score.
This soft pull is like window shopping for a loan. You get a feel for what's available without having to commit or risk any damage to your credit. It’s the perfect way to explore financing options and feel confident before making any big decisions.
When a Hard Pull Is Necessary (And Why Your Credit Is Still Safe)
If you decide to move forward and complete your loan application, Lease End will need to perform a hard pull.
But here’s the good news: Lease End only does one hard pull. And, as mentioned, a single hard pull has only a minimal and temporary impact on your credit score.
A common misconception is that each individual loan inquiry will result in a hard pull, but that’s not the case with Lease End. We streamline the process by consolidating multiple loan checks into one hard inquiry. This way, your credit score remains as high as possible while we work to find you the best loan.
Plus, having one hard inquiry as part of your record can actually help in the long run. It adds to your credit mix and shows that you're capable of managing different types of credit responsibly.
Final Thoughts: End Your Stress with Lease End
When you work with Lease End, you get to explore your loan options without hurting your credit, thanks to their soft pull process. And if you decide to move forward with a loan, the hard pull is minimal and only happens once. It’s all designed to make sure you get the best deal possible—without unnecessary stress.
So, if you’re nearing the end of your car lease and thinking about a buyout, take a deep breath. Your credit is in good hands with Lease End. Go ahead and explore your options, worry-free!
Lease End's mission is to empower auto lease owners with the technology to easily exit their lease. If you'd like to learn more about the lease-end options available to you, please don't hesitate to contact us. Our expert advisors are always prepared to answer your questions and are committed to finding the right plan for your individual needs.
©2025 Lease End
©2025 Lease End
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(844) 902-2842