The minimum age to lease a car is typically 18 years old in most U.S. states. However, successfully qualifying for a lease is a different matter. Most leasing companies require you to be at least 21 years old, and some may even set the bar at 25 due to insurance and risk assessment policies. The primary hurdle isn't just your age, but your credit history and income. Leasing companies need assurance you can reliably make payments for the entire lease term, which is usually 2-4 years.
If you are under 25, expect closer scrutiny. Companies view younger drivers as higher risk, which can lead to higher costs. You'll likely need a stronger credit score and a higher income-to-debt ratio to qualify. A common workaround for younger individuals is having a co-signer—a parent or guardian with an established credit history who agrees to take responsibility for the lease if you default. This can significantly improve your chances of approval.
The table below outlines the general requirements from different types of lenders.
| Lender Type | Typical Minimum Age | Common Credit Score Requirement | Key Considerations for Younger Applicants |
|---|
| Major Dealerships & Captive Lenders (e.g., Toyota Financial, GM Financial) | 21 | 680+ | May require a co-signer under 25; proof of stable income is critical. |
| Credit Unions | 18 (if a member) | 660+ | Often more flexible with members; may have lower money factor (interest rate). |
| Banks | 21 | 700+ | Strictest requirements; high focus on credit history length and income. |
| Specialized Lease Companies | 21 | Varies Widely | May cater to different risk profiles but often at a higher cost. |
Before applying, check your credit report for accuracy. A solid credit history and proof of stable employment are your greatest assets when approaching a lease, regardless of age.
