Leasing
Obtaining a lease in the United States can be a major problem for some expatriates, and particularly foreign nationals. Stateside car dealers and leasing companies are reluctant to extend credit to new residents without a recent U.S. credit history.
International AutoSource is able to provide access to preferential leasing rates through the US manufacturers’ finance institutions (Audi, Ford Motor Credit, Chrysler Financial, and Volkswagen) even to foreign nationals with no US credit history. Please remember: that the information provided below is an example, please contact International AutoSource for more details.
What is Leasing?
Leasing is paying for the use of a car, rather than actually paying for the car itself. Very simply, your lease payments cover the cost of the vehicle’s depreciation for the length of the lease, instead of the vehicle’s actual purchase price. When the lease is over, you can either return the car or exercise the option to purchase it.
Leasing Questions & Answers
Q. How long is a lease contract?
A. Lease terms are normally 24 or 36 months. If other lease terms are needed, then please ask one of our consultants for options to non-standard leases.
Q. Who is eligible to lease?
A. You are eligible to lease a new Vehicle directly from these fine manufacturers. These include: All new Chrysler, Jeep, Ford, General Motors, Audi, and Volkswagen products. Please speak to an AutoSource representative to find out about different state regulations.
Q. How much money is needed to start the lease?
A. The first month’s payment and a security deposit are all that is typically required. Please contact us for more details.
Q. Who owns the vehicle?
A. In a lease, the finance institution owns the vehicle rather than you.
Q. Who is responsible for care and maintenance of my leased vehicle?
A. You are responsible for normal maintenance as specified in the owner’s manual. An owner’s protection plan is available to cover additional maintenance concerns.
Q. What happens at the end of the lease?
A. You have two options:
- You can purchase the vehicle as listed in your contract.
- With our assistance You can return your car to an authorized local dealer in your area.
Q. What if I want to cancel the lease agreement early?
A. Early termination of a lease, for any reason, can result in significant added costs.
Q. What happens if the vehicle is stolen or in an accident so severe it cannot be repaired?
A. You are protected by your insurance coverage in the same manner as a financed or cash owned vehicle.