International AutoSource’s programs are created specifically for Expats relocating to a new country without a local credit history. Through our partnerships with various manufacturer financial institutions and the largest fleet leasing companies in the world, we are able to bring you a variety of cost-effective financing and leasing options. Financing and/or leasing a vehicle through IAS will actually help you build that much needed local credit history. Here are some of the most frequently asked questions about IAS and the service we provide:
Does my home country credit score carry over to my new country?
No, the credit score from your home country will not carry over into the United States.
I don’t have a U.S. drivers license, can I still order a car?
Yes, you can certainly order a car without a U.S. drivers license. However, depending on the state you’re moving to and the laws of that state, you may or may not need to acquire your license before you take possession of your car.
What is the difference between renting a car and leasing a car?
Renting a car, you are only paying to use the car. At the end of your rental term you return the vehicle. The car is not in your name and therefore you do not establish or build any U.S. credit history. Typically renting a vehicle is a short term solution (less than 1 year).
Leasing a car you are also paying to use a car but have multiple options at the end of the leasing term. When leasing, the car is in your name and you are establishing and building your U.S. credit history.
Option 1: You can purchase the vehicle at the end of the term
Option 2: You can return the vehicle at the end of the term
Option 3: You extend your current lease
I will need insurance for my new car, can you help?
Yes, we have resources to help you obtain insurance. Having a clean driving record in your country can be helpful in obtaining a lower rate. IAS partners exclusively with providers who insure Expats. Our partners are able to offer comprehensive insurance options at very competitive rates even without a driving or local credit history.
Do I need my visa in order to place my order?
No, you do not need your Visa to place an order. If your Visa is denied, and you have placed an order, your deposit would be returned to you.
Can I lease a used car?
No, you cannot lease a used car. Used cars do not have full warranty protection. Similar to how finance rates for used cars are higher than new cars, a lease rate on a used car would be very high because the anticipated value for the car at the end of the lease would be very low.
Can I customize my car?
Yes, you may custom order your car; however, please note the lead time for a custom order can be between 3 and 5 months.
Do I need a social security number to lease or finance a car?
Yes, in order to be approved for a lease or finance you will need a social security number.
What if I want a car that is not in the IAS preferred program?
You may or may not qualify. This depends on your visa type, your income and the state you are moving to.
Can I order more than one car?