For those over 18, while your age doesn't directly affect your eligibility to lease a car, it will be collected as part of your lease application and may be taken into account by the finance provider in terms of affordability and your ability to repay any borrowing.
Younger drivers may find it trickier to be approved for car leasing because they typically have little to no credit history, making it difficult to obtain finance. This is because lenders tend to prefer lending to established borrowers who they can better assess the risk of paying back debt.
Younger drivers are also less likely to have a continuous source of income, with many working part-time around their studies. In the eyes of a finance provider, this may hinder their ability to make regular payments.
As we explained earlier, older drivers may also find it harder to be approved for car leasing finance if they're retired. A steady wage reassures lenders, and as many older customers aren't as likely to still earn a salary, many view this as a higher risk of non-payment.
That said, it is worth noting for both age groups that no lender uses your age alone to approve or decline you for finance. Other factors also come into play, such as your ability to make regular payments on time and any other debts you may have.
Still unsure if you're eligible for car leasing?
Still unsure if you're eligible to lease a car? Check out our comprehensive motoring and leasing guides for helpful advice and guidance or call Nationwide Vehicle Contracts on 0345 811 9595.
We are one one of the UK's largest car leasing brokers, offering a range of car lease deals from used car leasing to in stock car leasing.