dr_zito

Hi, we have just arrived in Spain and I would like to purchase a car with the financing system known as "renting". However without a credit score or. banking history it seems difficult. Does anyone know a way to finance your car? Using a credit card and paying monthly instalments? Showing tax returns from abroad?

Thanks!

missile

What car, new or 2nd hand, and where are you? Audi dealer I used in are very easy to deal with. https://www.gruposala.com/audi

dr_zito

New or used
Madrid

What I would like is to have the option of leasing/renting.

Will check, thanks!

missile

Good luck :-)

dmu

Hi from the France forum. When we leased a new car 3 years ago, we had to provide a thick dossier (Bank Statements proving our joint income (both Pensioners, but workers would have to show payslips, too), as well as the official Income Tax Notice for the year before as a double check; proof of domicile (Utility Bills, Property Deeds or rental receipts, the French equivalents of Council Tax (property and occupancy). And, of course, our Bank's references to set up the monthly transfers. You wouldn't be able to do this in France.
You must surely first open a Bank Account and discuss the financial side with the Manager before you approach a garage/dealer? I obviously don't know whether a Spanish lessor would sign a lease with some one who has just arrived in Spain. Unless you want guaranteed coverage for repairs during the 3 years, wouldn't it be simpler to buy outright, negotiating a loan with your new Bank? I'm a bit sensitive on this subject, as I bought our leased car this year and it was a nightmare to get the lessor's name taken off the car registration document (although a lot of hassle was caused by Covid-19). As there were no repairs, I regret not having bought it outright at the time, it would have worked out much cheaper....
HTH, although things might be different in Spain....

dr_zito

Great info! thanks!!

Fred James

Assuming you are a resident, expect to be asked for a copy of your padrón, last year’s Spanish tax declaration and possibly official details of the actual income declared ie. pension statements etc.