According to the credit experts at Experian, in the fourth quarter of 2021, consumers with a credit score between 601 and 660 made up nearly 14% of the leasing market. Those with a credit score below 600 represented just over 5%. In other words, about 19% of lessees at the end of 2021 posted credit scores of 660 or lower.. Customers leasing a new car in the fourth quarter of 2024 had an average credit score of 737. You'll find the best options above 700, but there's still hope for lower scores.
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To increase the chances that this approach will work, the co-signer should have a minimum credit score of 670 or better, says Sexton. Keep in mind that skipping payments can cause trouble for your.. According to NerdWallet, the exact credit score you need to lease a car varies from dealership to dealership. The typical minimum for most dealerships is 620. A score between 620 and 679 is near.
