car question (split topic)

[CanCal2016 21]

Along these lines....

I am planning on hitting a POE by car, with my Mitsubishi when I activate my K1. I am financing it, and am not the title holder of the vehicle. At the time of POE, will I receive any hassle if my car is packed with my belongings? My biggest concern is packing up all my stuff, getting to the border, and being turned around because I'll still be paying for my car while I'm in the US... I'm not entirely sure if I want to sell it in Canada, or if I want to pay it off and keep it... but I don't have the time to do that quite yet. I need to use it to move.

Any and all help appreciated!

[NikLR 13,227]

No, because you're not importing the car at that time. You have a year in which to import the car.

HOWEVER, you need to check your paperwork and make sure you are allowed to move to a new country with the car. This can be an issue and anything related should be in the fine print of your loan contract.

[Ryan H 3,813]

Post split from unrelated thread; please start your own thread with your own questions instead of hijacking threads started by other members.

[CanCal2016 21]

No, because you're not importing the car at that time. You have a year in which to import the car.

HOWEVER, you need to check your paperwork and make sure you are allowed to move to a new country with the car. This can be an issue and anything related should be in the fine print of your loan contract.

Will this be an issue at the border or with my loan contract? Could the CBP officers deny my entry if my loan says I cannot move with the car? How would they even know? Thanks!

[NikLR 13,227]

The CBP don't know and no it's not an issue at POE.

If it's against your loan and the loan provider finds out then they can repossess your car or demand full payment due to contract violation.

Also you need to check with your insurance. You will not be able to insure the car in the US until it can be registered. If something happens, like an accident, will you still be covered?

I personally sold my car to pay for the uhaul.

[morgan.croft 210]

The CBP don't know and no it's not an issue at POE.

If it's against your loan and the loan provider finds out then they can repossess your car or demand full payment due to contract violation.

Also you need to check with your insurance. You will not be able to insure the car in the US until it can be registered. If something happens, like an accident, will you still be covered?

I personally sold my car to pay for the uhaul.

This.

While you can bring it to the US, you will not be able to insure it or register it.

I was in the same situation, and elected to sell my vehicle.

[Ms Hogan 295]

If you decide to actually IMPORT your car later you're going to have to take it back to the border to do so.

You can't register the car in the U.S. without having it paid off as you won't be able to get a title in the State you're moving too without showing there are no liens on it.

You can't get insurance in the U.S. without a U.S. title.

I don't think your Canadian insurance will cover you if you're no longer a Canadian resident.

You won't be able to get proper plates for your vehicle either. You'll still be driving around with provincial plates and you will probably get pulled over eventually. When asked for your license, insurance, registration, are you going to be able to tell them you're visiting?

Lots to think about!

[CanCal2016 21]

If you decide to actually IMPORT your car later you're going to have to take it back to the border to do so.

You can't register the car in the U.S. without having it paid off as you won't be able to get a title in the State you're moving too without showing there are no liens on it.

You can't get insurance in the U.S. without a U.S. title.

I don't think your Canadian insurance will cover you if you're no longer a Canadian resident.

You won't be able to get proper plates for your vehicle either. You'll still be driving around with provincial plates and you will probably get pulled over eventually. When asked for your license, insurance, registration, are you going to be able to tell them you're visiting?

Lots to think about!

Fair enough, however I don't plan on spending months driving around without insurance or Canadian plates. Ideally, I get to my new home and will be paying out the lien pronto. So, pay off lien, import car, which gives me a clear title on the car, then get insurance & state plates... This all makes sense, no?

Thanks for your help!

[NikLR 13,227]

If you can afford to pay off the lien so quickly why not do it now and import the car the first time?

I'm confused.

[NikLR 13,227]

OKay read on the other topic you're going to get a loan with your future hubs to pay off the car. Okay... well hopefully the % on the loan will be less and you get the loan.

Now I get why people shouldn't buy new cars, and be careful what you buy due to depreciation.

Just as a note, take it as you will, but you'll have a hard time selling that car once you're in the US if you ever want to upgrade unless you upgrade/change a few items.