i do have a job.
i do have money.
but do i need my parents' signature and stuffs in order to lease a car?
thanks
2007-03-29 10:24:49 · 12 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
in order from lowest to highest in gaining a car.
1. free, given to you
2. bought cash
3. buy here pay here lot
4. normal bank financing
5. lease
unless you are an adult, own a home, have at least 7-10 yrs of excellent credit, a beacon score of at least 730 or higher, give up on the lease deals.
they advertise them cause the prices are lower. this is a marketing ploy to make you think all prices are low and to make you come shop at the dealership.
plus a lease car is not for a kid. mileage is very strict and nothing can be altered or added to the car, not even a radio or speaker box. and for every chip, scratch and dent you will be docked big bucks at the end of the lease. and I believe the going rate for miles over is 34 cents per mile. not cheap.
people who lease cars are about 6% of the population. they are older people who are set in their jobs, lives and are what most call "old farts".
2007-03-29 10:33:13 · answer #1 · answered by Anonymous · 0⤊ 1⤋
The bank that extends the lease credit to a potential buyer does care that you are of the age to enter into a legal contract, age 18. Less than that, and your signature and ability to pay mean nothing.
Second, depending on what you want to lease, you need to demonstrate stability in the ability to pay. Many times this is shown by a long, stable job history and a good credit history. Unfortunately ,at age 18, the likelihood that you have both is minimal, but that is not your fault (still young).
You may be able to finance an inexpensive car to build your credit history, but not likely able to lease a car without a co-buyer. However saying all of that, i would encourage you to try, as i have seen many people who i did not think would get approved do indeed get financed. Worst thing that can happen is that they tell you "no".
2007-03-29 17:36:17 · answer #2 · answered by rcm1454 2 · 0⤊ 0⤋
I believe you have to be 21 to lease or rent a car.
2007-03-29 19:10:32 · answer #3 · answered by fisherwoman 6 · 0⤊ 0⤋
At 18 you are an adult and able to enter into contracts on your own which would be binding. I would doubt any manufacturer would lease to you though, unless you have excellent credit.
2007-03-29 17:30:20 · answer #4 · answered by oklatom 7 · 0⤊ 0⤋
Never lease a car, if you are not a business owner.
2007-03-29 21:00:58 · answer #5 · answered by wazup1971 6 · 0⤊ 0⤋
anyone who leaces is dumb you pay for the car 3 years thain give it back and pay for any damages to the car thain you do it all over again buy a 2 or 3 year old car and drive the wheels of it get your moneys worth
2007-03-29 17:32:43 · answer #6 · answered by mobile auto repair (mr fix it) 7 · 0⤊ 0⤋
If your credit is good I think u can lease with out a co-signer
2007-03-29 17:32:20 · answer #7 · answered by ducksausage 3 · 0⤊ 0⤋
depends on what state you live in in mine you can't be on a contract untill you are 19 but you have to have credit b4 you can lease i would imagine this will be your biggest problem being young but call a dealer and ask them they will know
2007-03-29 17:30:22 · answer #8 · answered by mikeyp 1 · 0⤊ 0⤋
I had a friend once who was 15. She had a good job, and she bought her own car. They only care if you can pay for the car or not, they don't care about your age.
It might be different for you where you live, but I don't think it would be.
2007-03-29 17:29:51 · answer #9 · answered by Kristen H 1 · 0⤊ 0⤋
the dealer is gonna wanna see pay stubs from your job and a bank statemen tif you have those you can probaly walk away with a new car.....good luck
2007-03-29 17:41:11 · answer #10 · answered by Anonymous · 0⤊ 0⤋