Just some car info

[Gigglesngrins 0]

Hey All!!!

Just wanted to share some good news with everyone who is moving to the US. I called GM today to find out if I need to pay off my car before I move. Just in case anyone else is in the same situation as I am, if you are financing your vehicle, you do not need to pay off the entire remaining amount on the car. You can continue to pay for the vehicle through a Canadian account. If you are leasing, you must vehicle off....at least according to GM.

Hope it helps!

[SENKA 0]

That's a good news, I guess you are lucky it was financed through GM, my Mazda was financed through Bank of Nova Scotia and they said it has to be paid off. I was also told that I have to show title in my name at the border, not sure how true is that. Lots of hassle around the car...

[Flames9_RN 358]

Nissan Canada, (nissan Finance Canada) stated mine ahd to be paid off prior as well. Glad GM allows you to do that

[Leafgal 3]

Well I am with TD-Canada Trust I guess I will have to ask them what I have to do. I am hoping I can take it with me I will need it when I move in order to work.

[neiks 19]

That's is good news. I had not looked into it myself yet. I have GM financing at 0% on a $40,000 vehicle.....so like I want to pay that off with a US loan at 8% or higher.

[Mephys 2]

Currently i have a lease with Toyota credti canada. I called them up to ask if my car was meeting the requirements to bring it in the US before buying it, and all they said was that i had to be the owner of the car and that everthing else was ok. So then i called my dealer to know what was the buy back on it and they even offered me to refinance my car with an interest rate cheaper than my bank. But nobody ever told me that it had to be paid off before leaving there so i guess i cant just keep paying it throught my canadian account...

Well im not sure about that again maybe i should ask. And without going off the subject, anyone knows if its easy to make money transfert from USA to a canadian account without getting too many questions from the US bank?

mephys

[Flames9_RN 358]

Transferring money: http://www.customhouse.com/

Much better rates than what Wachovia was giving me.

No fees what so ever, they make there $$ off the exchange rate difference

Takes a bit to set up. Apply online. Once has to send them proof --2 or 3 pieces of ID. You can mail, fax or email (if you have a scanner) that in. They have a secure email addy they wil send you. Plus they set up a short telephone interview, again for security purposes. Plus you have to send them info regarding your Cdn bank acct, and USA bank acct. Its not that difficult, really it isnt.

Once you complete a basic trade- which is super easy to do, takes 3-4 business days to complete the transaction. During the exchanging of $$$ you can back out if you do not like the exchange rate.

I have used it many times, and never had a problem. If you have any questions, shoot them an email or cal them, excellent customer service. Cheers

[Mephys 2]

Transferring money: http://www.customhouse.com/

Much better rates than what Wachovia was giving me.

No fees what so ever, they make there $$ off the exchange rate difference

Takes a bit to set up. Apply online. Once has to send them proof --2 or 3 pieces of ID. You can mail, fax or email (if you have a scanner) that in. They have a secure email addy they wil send you. Plus they set up a short telephone interview, again for security purposes. Plus you have to send them info regarding your Cdn bank acct, and USA bank acct. Its not that difficult, really it isnt.

Once you complete a basic trade- which is super easy to do, takes 3-4 business days to complete the transaction. During the exchanging of $$$ you can back out if you do not like the exchange rate.

I have used it many times, and never had a problem. If you have any questions, shoot them an email or cal them, excellent customer service. Cheers

Thanks, added in my bookmarks

Mephys

[Mephys 2]

Hey All!!!

Just wanted to share some good news with everyone who is moving to the US. I called GM today to find out if I need to pay off my car before I move. Just in case anyone else is in the same situation as I am, if you are financing your vehicle, you do not need to pay off the entire remaining amount on the car. You can continue to pay for the vehicle through a Canadian account. If you are leasing, you must vehicle off....at least according to GM.

Hope it helps!

Well thinking about it, it takes the title to cross the border, i guess, and I just called one of my friends and he told me that there is no way Toyota is gonna give me the title if the car is not paid off ( still have to confirm) but he also said that usually, any banks and/or car company wont give you the title until its paid because they can always come back and take the car if you are not doing your payments as a guaranty. Unless you get lucky to get a loan that is not related to your car to buy it, so that they cant take it back.

Means I will have to get rid of it , cause there is no way i can pay 15 000$ before the end of the year

Is GM gonna give you your car title, that is my question.

Mephys

[zyggy 9]

Hey All!!!

Just wanted to share some good news with everyone who is moving to the US. I called GM today to find out if I need to pay off my car before I move. Just in case anyone else is in the same situation as I am, if you are financing your vehicle, you do not need to pay off the entire remaining amount on the car. You can continue to pay for the vehicle through a Canadian account. If you are leasing, you must vehicle off....at least according to GM.

Hope it helps!

Well that may work for your bank.. but that won't work when you register your car... if you have a lein, it must be held by a US Financial institution...

So you'll have to get a car loan in the US and use that to pay off your Canadian loan...

[Gigglesngrins 0]

I did speak directly with GM and they said since my financing was with General Motors, I will have no problems with it at all. Since it's a North American company and financed directly through them, I tend to believe that it won't be a problem. I am thinking that if you are financed through a bank, it would be different.

[iceyspots 0]

Thanks for the info:)

[Mephys 2]

Called Toyota up today...

As I thought it would be, I cant bring my in the US if Its finance by Toyota credit Canada, it that can help those who may want to bring a toyota....

Has to be paid off!! ( like I got 15000$)

Getting a personnal loan to buy it without having the bank keeping my title, I'll forget about that because the interest rates are way too high compared to a car loan.

Only options here: sell my car to whoever, transfert the loan to whoever, and at the end when I move if I havent found anybody yet, I can give back my car to the dealer and pay for the difference between the balance and what they are gonna give me ( about 2000$). So I guess I can buy a little piece of quiet mind and know that I wont be "stuck" with the car. Thats about it.

Sad sad girl here (after getting rid of a lot of things to be able to move, just added the car on the list)

Mephys

[ILoveMephys 0]

i cant wait for three weeks to take care of my sad girl in my arms.....its soon baby <3

[cmartyn 0]

I dont get this. You have the registration papers, (What Americans refer to as title) and the title, when you get it, will say MAY BE SUBJECT TO UNDISCLOSED LEAN on it or something..