In about a month I will be moving to the US to work for our Denver office the next two years. This is an exciting opportunity and can hardly wait. I have been advising clients on tax issues of cross-border moves of employees, so many things are not strange to me. However, typically practical issues are new to me, one of which is getting a car.
Unfortunately I cannot bring my current company car to the US, so I have to find an alternative solution. I have no credit history in the US and I understand that my Dutch (very good) credit history is worthless in the US. I have very little savings to buy a car instantly.
With all the people here, I am sure there are some that can help me prepare myself:
[li]My monthly budget (including gas and insurance) is approximately USD 900
[/li][li]I can make a down payment of USD 5,000 - USD 10,000
[/li][li]I have no idea how many miles I would drive during the 24 months I am in the US
[/li][li]Should I lease or buy (advantage of buying is that I can bring the car back to the Netherlands afterwards and make a profit)
[/li][li]Should I buy new (how many weeks before ready) or second-hand (certified or not)
[/li][li]What cars are recommended (Bigmike recommended certified second hand Lexus 350, but a Ford Mustang looks cool too)
[/li][li]The car should be representative of my position as tax lawyer
[/li][li]How much can I haggle (I already understand difference between MSRP and Dealer Invoice)
And I am sure there are other things I did not consider…but any tips are more than welcome. Also tips on other stuff that might be relevant to me.
Many thanks in advance and I appreciate your time and suggestions!