Credit Score To Lease A Car Canada. A score at or above 680 is likely to help you gain approval for a lease. According to experian data, the average credit score for a car lease in the second quarter (q2) of 2020 was 729, putting it right in the middle of the prime borrower category—those with credit scores of 661 to 780.
According to experian, while car lease customers in the second quarter of 2020 had an average credit score of 729, car purchasers who borrowed a loan to finance the vehicle had an average score of 657. All a customer needs in hand is their proof of identity, residency or citizenship, proof of income, and occasionally proof of insurance.
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And you might be required to put down a security deposit. Anything below that is considered subprime.