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Advantages of auto lease assumption (taking over a car lease) Purchasing a car is one of the biggest investments that you will ever make, apart from purchasing a property. This is why it is highly important that you select the best method and ensure yourself that you got the best deal possible. Considering all those facts, why should you take out a new car lease when you have the possibility of car lease transfer? Secured or unsecured bad credit auto loans Bad credit auto loans can be of two types: either secured or unsecured. A secured loan means you provide some sort of collateral as a guarantee that you will be paying everything back, while an unsecured loan implies no collateral whatsoever.

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