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scores are often referred to as ?well-qualified.? When it comes to car buying it?s more than just credit challenges newcomers face. Buying a car varies from country to country. It is important to educate yourself on the terminology and processes associated wherever you are relocating. You should pay close attention to items that are usually found in the fine print. For example, in the United States, vehicle advertisements mention ?Estimated Selling Price?which is used to convey an estimated example and does not represent an actual offer that can be accepted by you10. Other terms such as, ?Manufacturer's Suggested Retail Price?(MSRP), showcases a base price that does not include various fees or charges such as destination and delivery, taxes, documentation, title, and registration. Eligibility requirements and the actual availability of the car shown may differ from dealership to dealership. As mentioned earlier, ?well-qualified?is another determinant that may deem you ineligible for the offer. Sounds like a challenge, right? The saying ?not everything you see is what you get?definitely applies. More things to know: · Sales Tax is a percentage of the vehicle cost owed to the state at the time of the sale; this is not included in the vehicle price and will vary by the city and state you reside. · Capitalized Cost Reduction, also referred to as a down payment, is an upfront payment which reduces the monthly cost of financing or leasing the vehicle. · A Registration Fee is a fee paid to the state to register ownership of the vehicle which varies by where you live.

(Figure 2) FICO® Score Chart

· Trim Level distinguishes the different versions of the same manufacturer model including different options and equipment. This changes the cost of the car considerably. · Ultra Low-Mileage Lease refers to the allotment of 10,000 miles per year or even less during the lease term. A helpful tip to avoid paying extra mileage charges at the end of the lease is to calculate the average distance or miles you will travel to and from work and other activities. In summary, an educated buyer is a better buyer. Do your research and contact an expatriate vehicle service provider that specializes in this service. These companies will guide you throughout the entire car-buying process and help you find the right vehicle to fit your needs.

Contact International AutoSource: Email: Phone: +1 516.496.1816

Citations: 1Newsroom, AAA, 2U.S. Department of Transportation, 3National Household Travel Survey, 4National Joint Council, 5Statistics Canada, 6BC News, 7UK Department of Transportation, 8Truth-Out, 9My FICO®, 10Mobility Magazine, U.S. Transportation Challenges.

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Expats World Magazine - Issue 4 - Oktober 2017  

Expats World Magazine - Issue 4 - Oktober 2017