Many lenders will not let you move your vehicle overseas. Make sure before you sign the loan contract that your lender will allow the vehicle you intend to buy to be taken out of the country. Get it in writing that the lender will allow you to move your vehicle overseas.
Can I buy a car in the US from abroad?
It is possible to purchase a car without being a US resident. But, you are usually required to produce a driver’s license showing an address in the state that you are making the purchase as well as show proof of insurance.
Can you go to another country and buy a car?
Why Buy Overseas? Despite the complexities, buying a car in a foreign country can have several advantages: Overseas dealers often have special arrangements with manufacturers and often offer low, no-haggle military pricing and discounts you can’t get stateside.
Can you ship a financed car?
Having a vehicle that has an auto loan on it generally doesn’t prohibit you from shipping it. You can take it anywhere in the contiguous United States in most cases. However, if you are shipping to Hawaii, Alaska, that may change. So, be sure to make a quick call to your lien holder / bank and ask if it’s ok.
Can you finance a car and ship it to another country? – Related Questions
Can I take my financed car to Mexico?
Can I take my financed car to Mexico? Yes, you can venture into Mexico with your own financed car, if you get a letter of permission from your auto lender and the appropriate insurance coverage (in addition to the other required documents).
Does selling a financed car hurt your credit?
Sell the vehicle.
If your car is worth as much as or close to the balance on your account, selling it could enable you to pay off the loan without harming your credit.
Can you ship a financed car to Hawaii?
Yes, shipping a financed car to Hawaii is possible as long as you have an authorization letter from the financier.
Can I ship a financed car from Puerto Rico?
Loan on the Vehicle: If you have a loan on your vehicle or are renting it, you must have a Lien Holder letter authorizing the export of your POV from Puerto Rico. Engage the lien holder (bank) and shipper early to determine their process and if they have any specific requirements.
Can I ship my leased car to Hawaii?
Can I Ship a Leased Car to Hawaii. Having a Financed car generally doesn’t disallow you from shipping it. You can take it anywhere in the United States, however, if you are shipping your car to Hawaii or Alaska you’ll need a copy of the authenticated letter and possibly more information provided by the lien holder.
Can you take a leased car out of country?
You can in fact take a car which you have leased abroad, provided that you have the correct documents, approval from your leasing provider and insurance company before going, as well as some essential onboard items which ensure your vehicle meets European requirements.
Is it better to finance or lease a car?
In general, leasing payments are lower than finance payments. When you lease, you’re not paying for the entire vehicle but rather the value you use up for the time you’re driving it. In the short term, based solely on monthly payments, it’s typically cheaper to lease than to finance.
Can I take my leased car to Mexico?
Rented vehicles: If a rental car company allows you to drive one its vehicles into Mexico, you will need a notarized letter of permission from the rental car company. Leased vehicles: If the vehicle under lease, you will need to show the lease contract and a notarized letter of permission from the leasing company.
Can I take my US leased car to Canada?
If the car or vehicle is leased, the driver should have written permission from the rental company to drive the car in another country.
How long can a US car stay in Canada?
Declaring a vehicle as a temporary import
You don’t have to declare your vehicle as a temporary import if you’re considered a visitor, or travelling through Canada to get to another country. However, we recommend doing so if you’re staying over 3 months. This allows you to licence your vehicle in Canada.
Can I drive my financed car to Canada?
What is this? Driving to Canada in a financed vehicle places no additional restrictions. As long as all legalities are met, you’re free to drive into and through Canada with no issues. You do not need to contact or notify your lender of your travel plans.