Can I move to Canada with a financed car?

Can I keep my car if I move to Canada?

Visitors and temporary residents. You can bring your vehicle into Canada temporarily as a visitor or temporary resident. Your vehicle doesn’t have to meet Canadian standards and must be only for your own use. You can also bring your vehicle for personal use while you’re in Canada on a work permit or student visa.

Can you move with a financed car?

If you possess a financed vehicle, you can generally move the car across state lines as long as your loan contract doesn’t state otherwise. However, you might run into problems when titling and registering the vehicle in your new state because of different insurance and title requirements.

Can I move out of the country with a financed car?

There are rarely restrictions in finance agreements on permanently moving the vehicle out of state. However, a creditor may include such a condition. Most vehicle finance agreements do not allow the consumer to move the vehicle to another country.

Can you lease a car in the US and bring it to Canada?

If you buy, lease, rent or borrow a vehicle while outside Canada, Transport Canada and customs legislation does not allow you to bring it into Canada for your personal use, even temporarily, unless it meets all Transport Canada requirements and you pay the duties and federal taxes that apply.

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How much does it cost to import a car to Canada?

RIV fee: In order to process a US vehicle, the Canadian Registrar of Imported Vehicles collects a fee of $195.00 + GST in all provinces except Quebec where it is $195.00 + GST and QST immediately when you bring the car over the border. This fee applies to all vehicles imported into Canada.

What happens if I don’t want my financed car anymore?

Ask for a Voluntary Repossession

If you simply can’t afford your car payments any longer, you could ask the dealer to agree to voluntary repossession. In this scenario, you tell the lender you can no longer make payments ask them to take the car back.

What happens if I sell a car with outstanding finance?

If you sell an automobile with outstanding finance on it without informing the buyer of the situation, it is likely that the finance company will track them down to repossess it.

Will a dealership buy my car if I still owe?

You can trade in your car to a dealership if you still owe on it, but it has to be paid off in the process, either with trade equity or out of pocket. Trading in a car you still owe on can be a costly decision if you have negative equity.

Can I ship my car if it’s not paid off?

Usually, as long as you’re in good standing with them and not behind in payments, they’ll agree to the transport. Aside from the lien agreement and other relevant documentation from the lien holder, you’ll need proof that the vehicle is fully insured.

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What happens if I lease a car then move?

If the terms and conditions are clearly outlined in the lease agreement between you and the lessor and they allow the leased car to be moved across the country, then you have nothing to worry about.