Buy a Car when Moving to a Foreign Country
Expats moving to a new country cannot buy new cars from traditional dealerships due to the fact that they have no local credit history. This results in many Expats paying cash for pre-owned vehicles because they believe it is impossible to purchase a new car. However, Expats CAN lease or finance a new car. Read the following steps to buying or leasing a new car in a foreign country without a local credit history.
Steps
- Once you decide to make the move to a new country start researching “Expat Car Leasing and Car Buying” companies. Look for companies that offer financing and leasing rates to Expats at competitive local prices. It is smart to find a company that offers Expat Car Financing services as well. Companies such as International AutoSource offer both of these services.
- Contact the Expat Car Service BEFORE you move. Many times there are special offers and exceptional savings the company can only grant you before you enter your new country. While it may not seem like a priority before you move, once you enter the country you will quickly realize how vital a car is.
- Work with the Expat Car Service to decide if financing or leasing is best for you. Keep in mind the amount of time you intend to stay in the country, and the length of your visa.
- Research and choose the best car for you. The available car manufacturers may differ from those in your home country. Research the new manufacturers and compare them to the cars you are familiar with from home. Factor in your new community and your commute when choosing your vehicle. A small commuter car may work best for city areas, while a SUV might best suit life in suburbs
- Work with your Expat Car Service to secure affordable auto insurance without a local credit history. In many places auto insurance is required in order to register your vehicle.
- Schedule a delivery date to receive your new car. If you need transportation before your scheduled delivery date talk to your company about a business rental, or find a local rental company. Your Expat Car Service may offer this service.
- Register your new vehicle with your local Department of Motor Vehicles.
Tips
- Learn the new traffic laws and driving safety tips in your new country.
Warnings
- BEWARE of Companies That Charge High Interest Rates!
