How to Lease a Car in the U.S. as an Expat

How to Lease a Car in the U.S. as an Expat

ExpatRide’s car leasing program was designed specifically with the needs of the foreign professional in mind. No U.S. credit history needed.

ExpatRide offers a wide variety of makes and models to fit any style and budget.

1. Personal Car Shopper Service

With the “Personal Car Shopper Service”, you will get personalized advice from a knowledgeable and skilled contact person who perfectly knows the expat auto market in the U.S. Your Personal Car Shopper will guide you throughout the car leasing process. He will discuss, recommend, find and negotiate your best vehicle options. You will receive tailored quotes including taxes and delivery costs.

1. Personal Car Shopper Service: How to Lease a Car in the U.S. as an Expat

2. How to Apply

Receive a non-binding quote to get an idea of pricing, even before you receive your U.S. work visa. In many cases, you can receive a quote by only providing your employment letter up front.

The following documents are needed to finalize an agreement:

  • Passport, photo page only
  • Offer Letter or Employment Contract – a document from your company stating your salary, length of the assignment, length of employment, and allowances related to your U.S. relocation.
  • U. S. work visa stamp and I-94 (after arrival). You will receive a quote without the visa; however it is needed to finalize the process.
  • U.S. bank account
  • Permanent address/proof of residence (e.g. a utility bill)
  • Social Security Number

3. Obtain your U.S. Driver’s License

ExpatRide does not require a local U.S. driver’s license to provide a quote. However, if you decide to proceed with an agreement, in most cases, the local driver’s license is needed for final approval and car registration.

Additionally, without a U.S. driver’s license, your insurance rate will likely be higher. Having a local driver’s license should lower insurance rates significantly.

4. Payments

When you lease a car, the down payment is the money you pay upfront. The down payment is interest free money which goes towards the price of your car and will help lower your monthly car payments. Many times, the down payment could be 10% of the value of the car, or higher if the customer prefers.

The monthly car payments will be withdrawn automatically from your U.S. bank account.

4. Payments: How to Lease a Car in the U.S. as an Expat

5. Secure Auto Insurance

Car insurance is required to drive or own a car in the United States, even if you are not a resident of the U.S. Unlike some other countries, auto insurance is not included in your lease agreement and is paid for separately.

Many factors influence the rate for auto insurance: the make and model of car, city, state, and zip code to name a few.

To lower your insurance rate, it may be beneficial to present a document from the auto insurance company in your home country outlining your driving history for the past 5 years.

Let us know if you would like to be connected with our insurance partners.

6. Car Registration and Car Delivery

Car registration is part of the Personal Car Shopper Service. Again, most states will require you to have a U.S. driver’s license. In addition, you will need proof of auto insurance, and the title of the vehicle.

After the registration has been completed, it is time for car delivery. In many cases, you could pick up the car at a local dealership or it may be delivered to your home.

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Need assistance with leasing a car? Let ExpatRide lead the way

Contact us at CARS@ExpatRide.com for more information

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Leasing in the United States for an employer or through an EOR

If the company pays for the car, the Corporate Billed Lease is the simpler route: the employee still chooses the car with a Personal Car Shopper, but the lease is approved on the financial standing of the employer, not on the employee’s credit history in the United States, and one invoice goes to the company, the RMC or the Employer of Record. No local entity is needed, which is why a growing number of EOR hires in the United States are set up this way. The United States is one of the 67 countries where the program runs. Details for the United States, including what the lease covers, how personal use is taxed and the request form, are on the Corporate Billed Car Leasing in the United States page; the assignee can forward this guide to HR with that link.

Related: Corporate Billed Car Leasing in the United States, Consumer Car Leasing, Corporate Billed Car Leasing and the driving license rules by country.

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