I’ll be 21 in a couple weeks (June 6) but planning on signing before end of May… 750 Credit Score. 4 solid yrs credit history. Revolving credit of about 25k… Employed… It’s a very cheap lease too. Does anyone have experience or issues with trying to lease at 20? I can’t get a cosigner. Specifically looking at TFS or US Bank leases.
You shouldn’t have an issue with what you described above.
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We had a 19 year old looking for a m340xi with no auto history. Everyone’s got to start somewhere, and if it’s low cost as you said, as Ethan said, no problem (probably).
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I leased my first vehicle at 19 with no credit history. I was able to get approved via a one-pay lease.
Misreading things tonight 
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Mercedes? its a toyota
Us bank requires at minimum 5 lines of credit. 3 years on the bureau. Even then they might not approve you if you haven’t had an auto.
Tfs is easy for approval
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Seems you won’t have too much issues leasing but have you checked what insurance is going to be on the car? 21yo that requires min 100/300 full coverage on a lease… that ain’t gonna be cheap…
Didn’t you just have your bar mitzvah? You’re on a lease aren’t ya?
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They were asking the question … were they ever approved?
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It’s gonna be extremely close then… I have enough lines of credit but only just at 3 years now that I look… even with the high score - they still might not? Kinda sucks.
Hopefully MSDs can replicate the deal with TFS but I was really trying to avoid that…
While we’re at it… Anyone know how lenient they are with the college grad documentation? I can make it look like I’m graduating in 6 months based on credits and I have job offers. Will that be sufficient?
They want a transcript that shows you will graduate within 6 months
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I leased my first car when I was 18 (Toyota Corolla S) credit was good had only 3 credit cards no debt no credit history. Approval wasn’t an issue with TFS. You got to start from something small and build your history. Now I got 3 auto loans under my name not a problem.
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Nope, 3 credit cards though… I’m Buddhist so no rights of passage till marriage/buying a home.
@max_g good question, he never did follow up.
Should not be an issue at all, and I am sure you can get approval with most banks. Worst case scenario, be ready to put down 2-3k.