Auto >> AutoSPT >  >> Car Care

What is a limit age of leasing car?

There is no universal limit on the age of a car that can be leased. However, most lessors will not finance cars that are older than 5 or 6 years, and some will not finance cars older than 3 or 4 years. This is because older cars are more likely to need expensive repairs, which can make them a risky investment for lessors.

In addition, many lessors require cars that are leased to have a certain amount of remaining useful life. This is typically expressed in terms of the car's mileage or age. For example, a lessor might require a car to have no more than 100,000 miles or be no older than 5 years at the end of the lease term.

Leasing a car that is older than the lessor's requirements can be possible, but it may be more expensive and difficult to find a lender. You may also have to pay a higher down payment and interest rate.

If you're considering leasing a car that's older than the limit, it's important to do your research and compare offers from multiple lessors. You should also make sure you're comfortable with the risk of potentially having to pay for unexpected repairs.