Are There Certain Criteria An Individual Needs For Getting A Vehicle Lease?

Most vehicle finance companies will have similar minimum criteria for taking out a vehicle lease agreement. Applicants must be 18 years old with no upper age limit  and hold a valid full UK driving licence. Leasing a vehicle will all be subject to a credit check as leasing a vehicle is a credit based product, as such our vehicle finance companies will access an individuals eligibility based on a number of factors. Typically these would include: 

1. 5 years residential history 
2. 3 years employment history (for retired applicants pension and other sources of income will be taken into account) 
3. high level assessment of an individuals ability to pay the lease rentals for their vehicle for the duration of the Hire Agreement, this is typically assessed by reviewing summary income and expenditure for the applicant.