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smp115

Can I import my Canadian Car to the US?

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I received my K-1 Visa at the end of September and we just got married this past week. We are about to send in the package to update my status, obtain work permit, and approval to travel. My car is still back in Canada and I don't own it (financing through the bank of Nova Scotia). I am wondering if anyone has had experience with importing a Canadian car while they still owe money on it? What are the steps for this process?

Thanks

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Scotia bank has issues with people exporting cars that they own. When you have a lien on a vehicle, technically the BANK owns it until it's paid off. I suggest selling it and buying a different car in the USA. You could pay off the loan though if you choose.

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Actually, the bank does not own it, the purchaser does. Canada does not title vehicles, it is an asset that is purchased and as such is owned buy the purchaser. What the bank does have is a lien against the asset, the vehicle. Banks don't like you taking cars across the boarder because if the purchaser defaults on the loan, it is very difficult, aka almost impossible for them to recover on the lien. Therefore, unless you have a letter of permission from the lien holder (ie the Bank) allowing you to take the vehicle cross boarder, CBP will not process the import.

**** Sorry one edit (hit enter too soon)*****

I agree with Canadian in Colorado and add that you could (if you have the resources) get an unsecured loan to pay off the car loan, import the vehicle and then pay the unsecured loan per it's terms. Just a suggestion.

Edited by NovaSprings

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