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Are there any age limits to lease a car?

Leasing is becoming the most popular way to drive a brand new car in the UK due to affordable monthly payments and flexible contracts. You will find that you can afford better cars when leasing in comparison to other types of car finance because the contract is based on the depreciation of the car rather than the actual value of the car so there some fantastic special offers to find which change on a regular basis.

Here at Lets talk finance we specialise in finding the best lease deals on the market so that you don't have to. Over the years we have built up strong relationships with UK main dealers and finance companies which allows us to have access to fantastic deals along with a quick efficient order process for all makes and model of vehicles.

We are frequently asked about age limits on leasing so thought it would be useful to write an article to outline any restrictions you might not be aware of when leasing.

How old do you have to be to lease a car?

When you pass your driving test at 17 you might be eager to get a fancy new set of wheels. Some finance companies will accept a 17 year old for a lease with a guarantor however it is a more common requirement of 18 years of age.

This is mainly because finance companies conduct a credit search before you can be accepted for a lease and the younger you are, it is more likely that you will not have anything on your credit file. It isn't likely that a younger person will have any debts as they have had no responsibilities such as credit cards, loans or Mortgages to pay which are all factors to build up a credit score.

What is the oldest someone can be to lease a car?

Being too old to lease a car might not have sprung to mind however it is a question frequently asked by our customers. There are no age limits to car leasing providing you have a full UK driving licence and can provide proof of income along with a good credit score.

If you are retired the finance company will take your pension information and expenditures to make sure that you will be able to afford the lease for the full term of the agreement. When you reach the age of 70 the law requires you to renew your licence every 3 years so if you are planning on leasing a car it is important to check your licence is up to date before hand as this will only delay the process of you getting a new vehicle.

The law is in place to check on medical conditions which keeps you and others safe on the roads.

If you would like to discuss our excellent lease deals then our team of experienced experts are on hand to find competitive leases. We will patiently guide you through the quick and easy order process as customer satisfaction is very important to us. Our number is 01625 568 612 or you can email sales@letstalkfinance.co.uk

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11th of April 2020

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