For residents intending to live and work on-Island for anywhere from one to four years, leasing may be a better option. Some banks do not give credit within your first year on Cayman and this can pose a problem when wanting to purchase a car with credit.
There are a few companies that can help. If you are thinking of leasing, we recommend you bring a letter from your insurer saying you have been claim free for five years or more so you can save up to 60% on your car insurance.
The leasing companies listed below will usually require your most recent credit report or a bank reference, a letter of employment saying how long your contract is for and your monthly salary, your driving licence and your passport. The following companies offer leasing:
An independent car dealer in the Cayman Islands that sells a wide range of new and pre-owned vehicles, providing long and short-term leasing options.