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-   -   Car leasing with no credit history in US? (https://britishexpats.com/forum/usa-57/car-leasing-no-credit-history-us-760256/)

Parisangel May 31st 2012 5:29 pm

Car leasing with no credit history in US?
 
Is it even possible? Any experiences? Thanks :starsmile::starsmile:

rebs May 31st 2012 5:31 pm

Re: Car leasing with no credit history in US?
 

Originally Posted by Parisangel (Post 10093281)
Is it even possible? Any experiences? Thanks :starsmile::starsmile:

We used these back in 2008 http://www.intlauto.com/
Had no problems and were happy with what we sorted out - you have to get it arranged before you leave the UK though.

donna1971 May 31st 2012 5:54 pm

Re: Car leasing with no credit history in US?
 
We used enterprise car sales for a 2 year lease with an option to buy through AIG travel assist who also got us set up with HSBC credit cards within about 4 weeks of arriving in the US without credit history.

AIG helped with our car insurance and renters insurances and have really earned their fee in my opinion. Well worth it!

rebs May 31st 2012 6:02 pm

Re: Car leasing with no credit history in US?
 

Originally Posted by donna1971 (Post 10093331)
We used enterprise car sales for a 2 year lease with an option to buy through AIG travel assist who also got us set up with HSBC credit cards within about 4 weeks of arriving in the US without credit history.

AIG helped with our car insurance and renters insurances and have really earned their fee in my opinion. Well worth it!

+1 for AIG - we did the International Autosource through them as well. We also did the insurance and HSBC credit card - well worth the membership fee.

Pombat May 31st 2012 6:06 pm

Re: Car leasing with no credit history in US?
 

Originally Posted by donna1971 (Post 10093331)
AIG helped with our car insurance and renters insurances and have really earned their fee in my opinion. Well worth it!

+1 from me for AIG as well. We didn't lease with them but they sorted all our insurance.

bilbos92 May 31st 2012 6:18 pm

Re: Car leasing with no credit history in US?
 
We used VW leasing - they only needed a letter from employer ( we were on an L1B)

a quick search should bring up loads of other threads on the subject too..

by the way - where abouts in stafford....( my home town....:thumbup: ) watched the torch go through yesturday wil home sick eyes.....

A

Bob May 31st 2012 6:49 pm

Re: Car leasing with no credit history in US?
 
Yes, it's possible, yes there are plenty of threads on it.

Question really is, why would you want to?

HarryTheSpider May 31st 2012 8:05 pm

Re: Car leasing with no credit history in US?
 

Originally Posted by Bob (Post 10093416)
Yes, it's possible, yes there are plenty of threads on it.

Question really is, why would you want to?

Bob's point here is that leasing a car is perhaps the most expensive way to get a car (or not!) in the long run.

We leased a car through AIG from VW, over 2 years. Very happy, they took care of bank, credit card & car insurance & more than paid for their fee!

I wanted a reliable car covered by warranty. I wanted one that was top safety-rated. I wasn't prepared to pay double the monthly payments in order to own a new car - we could only get a lease or loan that was for no longer than the period covered by our visa (L1). I wasn't prepared to take the risk on buying a used car, and as it happens, used cars prices are more expensive here that I expected. We weren't moving out here with $200K in the bank from the sale of a house etc. So leasing was for us the only option that fitted our requirements.

Bob's wider point (I believe) is look at all the options, what you need & want, what your financial situation (including initial & on-going cash flow) will be etc etc.

Good luck!

markwm May 31st 2012 9:23 pm

Re: Car leasing with no credit history in US?
 

Originally Posted by Parisangel (Post 10093281)
Is it even possible? Any experiences? Thanks :starsmile::starsmile:

Quite a few threads here about this subject. VW, BMW and Audi have special programs that will allow you to lease a car without any credit established here. I used the VW program: it was quite straightforward and I'd certainly recommend it.

fatbrit May 31st 2012 9:31 pm

Re: Car leasing with no credit history in US?
 

Originally Posted by Bob (Post 10093416)
Question really is, why would you want to?

+1

Bob May 31st 2012 10:09 pm

Re: Car leasing with no credit history in US?
 

Originally Posted by HarryTheSpider (Post 10093499)

Bob's wider point (I believe) is look at all the options, what you need & want, what your financial situation (including initial & on-going cash flow) will be etc etc.

Yup.

Lease does make sense for some, those with a definite exit date, those who have a company car expense, those who definitely will drive no where in the car.

You can easily get a highend car that is 1-3 years old that is covered under warranty for the same kind of money as a lease, with the added benefit of a loan to get one will have a positive impact to a credit history.

Bayleaf_01 Jun 1st 2012 5:10 pm

Re: Car leasing with no credit history in US?
 
We have just collected two Fords which we ordered through AIG/International Autosource from the UK.
Ford will lease direct to expats if you can provide an employment letter and copy of visa.

Parisangel Jun 1st 2012 11:17 pm

Re: Car leasing with no credit history in US?
 

Originally Posted by bilbos92 (Post 10093370)
We used VW leasing - they only needed a letter from employer ( we were on an L1B)

a quick search should bring up loads of other threads on the subject too..

by the way - where abouts in stafford....( my home town....:thumbup: ) watched the torch go through yesturday wil home sick eyes.....

A

Aww, my daughter's school had a street party! Ironic to be leaving at a uber patriotic time! We live in Brocton, just outisde Stafford. Thanks for all the great info guys, we're scared but excited!

HarryTheSpider Jun 2nd 2012 2:00 pm

Re: Car leasing with no credit history in US?
 

Originally Posted by Bob (Post 10093712)
Yup.

Lease does make sense for some, those with a definite exit date, those who have a company car expense, those who definitely will drive no where in the car.

You can easily get a highend car that is 1-3 years old that is covered under warranty for the same kind of money as a lease, with the added benefit of a loan to get one will have a positive impact to a credit history.

My lease with VW is reported as a loan, does nicely for the credit score.

Bob Jun 2nd 2012 4:05 pm

Re: Car leasing with no credit history in US?
 

Originally Posted by HarryTheSpider (Post 10096473)
My lease with VW is reported as a loan, does nicely for the credit score.

That's good going...because it usually doesn't, so only late payments appear as dings rather than anything positive.


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