Mike Minor Signed
November 20th, 2004 | 
Author: Mike Minor Signed Currently For Sale On eBay
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Mike Minor Signed
Age to lease car?
So right now i am only 17 and have a job which pays a good amount so that i can afford to lease/buy a car. Since i am a minor any car used/new can not go in my name since i plan on buying it or leasing it. So my question to you is my sister who is 22, can she co-sign with my aunt, who has very good credit, on a lease for a brand new car and what are the chances of finding a bank willing to let this go through? My sister's credit is ok, but is there a certain age requirement to lease a car?
Thanks in advance,
Mike
The only age limit is that you be old enough to sign a legally enforceable document (lease contract), which in most states is 18 years old. In some states the age is higher.
However, having your sister actually lease the car would require that it be registered and insured in her name. She would have to make the payments. You could be listed as a regular driver on her insurance. Furthermore, the car would have to be "garaged" in the same general area as where your sister lives -- which gets a little tricky. You see, the lease company wants to always know where their car is -- just in case they have to come repossess it. I would suggest you check with the lease company or finance company before you enter into this questionable arrangement.
Same goes with a loan.
Mike Minor Highlight Reel - Vanderbilt Baseball
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