Car Leasing for Scandinavians
No credit score needed—For private and commercial
CAR LEASING OPTIONS
NEW CAR
Choose the car, make and model you want. And we will negotiate a good price for you with a dealer near you. Or get your new car customized directly from the factory.
Scandi navi an s can no w g et car and insur ance witho ut a U. S. cr edi t scor e
Without a credit score it can be very difficult to obtain loans, leases and insurances in the U.S. Everyone moving to the US for the first time will not have a credit score when entering the country. The only way to obtain a credit score is by having credit. Not having a credit score usuYou can even order your car before moving to the US, and we will have it ready for your arrival at your destination. Call +1 212 297-5792, E-mail cars@lion-leasing.com or Visit www.lion-leasing.com Lion can offer this service because we are a Scandinavian company and we know how to evaluate Scandinavians on the terms that you are used to from back home.
USED CAR
Choose a used car from any dealership in the US or online from our partner’s website.
I NSURANCE
Get a competitive insurance for your new or used car.
ally is equal to or worse than having bad credit. Lion International Leasing provides car lease and car insurance to individuals or businesses with or without U.S. credit score.
M AIN TENANCE PR OGRA M
Better repair prices, expediting factory assistance claims, and ensuring proper maintenance.
US Office: 205 East 42nd Street, New York, NY 10017, USA Tel +1 212 297-5792 DK Office: Strandvejen 163, 2900 Hellerup, Denmark Tel +45 4587 7287
Ben efits A sso ci ated wi th Fin anci ng throu gh Li on Int.
Leasing / finance program available in all of the U.S. 7 to 9 days processing time from application approval to funding Lease / finance period from 12 to 60 months Minimum finance amount is $ 15,000 New and used cars can be financed Insurance and car maintenance program available
The following information is required to apply:
Completed lease / finance application Copy of passport with photo and visa stamp Copy of valid drivers license (EU or US) Employment contract stating salary, contract length, benefits such as housing and car allowance Proof of U.S. residence (lease agreement, utility bill etc.) Statement from your Scandinavian insurance provider stating your driving record and status (in English)
7 easy st eps t o gett i ng your vehi cl e and m or e
St ep 1 Contact Lion Int. Leasing +1 212 297-5792 or cars@lion-leasing.com for an initial program overview. Together with our partner Enterprise Fleet Management we can locate any vehicle of your choice , anywhere in the country. We will negotiate a price on your behalf and begin to structure the best lease options for your needs. When you have decided on a vehicle contact us with the following information: Make, model, year, sale price and desired finance terms (12-60 months). If used vehicle also include mileage. We contact you with a quote for the lease / finance and goes through the terms and conditions with you. At this point we will also go through your car insurance options. When you have decided on the vehicle and finance terms please complete the lease / finance application and insurance documents together with all the required information listed above. We perform a credit review based on the application, and supporting documents, and provide financing and insurance approval to you. Enterprise Fleet Management will make arrangements for payment of the vehicle to the car dealership and confirm delivery time with you. Now it is time to pick up your vehicle at the dealership. The vehicle will normally be ready for pick up 1 business day after approval from Enterprise Fleet Management and the insurance company. Enjoy your vehicle. And should you have any questions regarding the lease / finance or maintenance program, you can always contact your dedicated service professional.
St ep 2
St ep 3
St ep 4
St ep 5
St ep 6
St ep 7
US Office: 205 East 42nd Street, New York, NY 10017, USA Tel +1 212 297-5792 DK Office: Strandvejen 163, 2900 Hellerup, Denmark Tel +45 4587 7287
FA Q f o r C a r L e a s i n g / F i n a n c i n g w i t h L i o n I n t .
Is the leasing / finance program nation wide? Yes, you can get financing in all U.S. states Are all leases the same? No, there are two different basic lease types. Either type may be customized to fit the lessee’s (yo u the customer) needs; however one may be more favorable than the other based on the situation. A Net or “Walk Away” lease is what most people are familiar with. Your lease rate is based on the amount of miles you will put on a vehicle over a term. As long as the driver is within the predetermined mileage when the vehicle is turned in, they have no further responsibility. If they go over the mileage or there is any abnormal wear and tear on the vehicle, the lessee will be charged accordingly. This is a good lease type for drivers who have a good idea of how many miles they will put on a vehicle and the exact amount of time they will need it. An Equity or “Open End” lease is closer to traditional financing. The lease rate is based on the amount of miles and the length of time the vehicle will be operated, however there or no mileage or wear and tear restrictions. The vehicle is funded and depreciated over the term desired, but unlike financing where the amount owed in the end is zero, the equity lease keeps a residual value. This value is based on the estimated resale value of the vehicle. Your monthly payments are much lower than with financing. This is a good lease type for drivers who need to have a flexible lease structure and want to avoid mileage penalties. Can I terminate the lease / finance contract early? Situations will vary: - With a Net Lease there are early termination penalties. They are based on the remaining length of the initial contract. - With an Equity Lease there are no early termination penalties, but the lessee is responsible for the residual value of the vehicle. If the vehicle can’t be sold for the deprecated value owed, the lessee will be responsible for any short fall. They may however receive the gain if the vehicle can be sold for mare than the depreciated value. Who is Enterprise Fleet Management? Is a division of Enterprise Rent-A-Car and have been providing leasing solutions to their customers since 1957. Through the combined efforts of their national rental and leasing fleet, they manage more than 1 million vehicles. Enterprise’s volume makes them one of the largest purchasers of vehicles in the U.S. Enterprise takes full advantage of all available discounts, rebates and incentives and pass the savings on to you. How is the monthly payment calculated? It is calculated based on several factors, including the term of the lease, a service charge, the capitalized cost which is based, in part, on the purchase price, and the vehicle's projected residual value at the end of your lease. A capitalized cost reduction, similar to a down payment, can help reduce your monthly payment. Do I need to perform maintenance on a leased vehicle? Yes. As part of your lease agreement, you are responsible for servicing your vehicle in accordance with the manufacturer's minimum recommendations and as requested by the manufacturer in connection with any recall campaign. I want to buy a vehicle maintenance contract. Can I include the cost in my lease payment? Yes, Enterprise offers a “Full Maintenance” program that covers all maintenance, major, and minor repairs. You may use almost any local shop or dealership for service. An Enterprise team of accredited technicians will facilitate all service to ensure accuracy and quality of work. Will I build a U.S. credit history as an Enterprise customer? Yes, Enterprise will report to the U.S. credit bureaus What is residual Value? It is an estimate of a vehicle's wholesale value at the end of a lease term. The longer the lease or higher the miles, the smaller the residual value. Your lease payment is primarily determined by the difference between cap cost and residual value, which is the amount that the value of the vehicle depreciates during the lease. Finance charges and sales tax will also be included in your monthly payment. What is “Credit Score”? Credit score is a measure of your credit worthiness used by credit institutes, insurance companies, phone companies, landlords etc. to determine whether you are eligible for a credit. You credit score is based on your past and present credit history, and can range anywhere from 350 to 850. A measure above 720 is considered a “prime score” and will land you the best rates. If you are below 640 or none credit, then you are “sub-prime” and will be considered bad rating by the bulk of credit institutes (in this case leasing companies and banks).