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Old 12-01-2015, 01:36 PM
 
28 posts, read 33,457 times
Reputation: 36

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Hello!

Just wondering if anyone had some experiences/tips/information to share about this? I recently just bought a new car on a loan so I don't have the title for it. Our other vehicle is an older car which has been paid off. Have any of you exported and imported a car without a title to it while financing?

Thank you!
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Old 12-01-2015, 01:52 PM
 
Location: Hougary, Texberta
9,019 posts, read 14,303,741 times
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You won't be able to do it.

The lien on the vehicle is virtually unenforcable across the border and there's a 0.0% chance that your lending institution will allow them to be registered in a foreign country.


The one with the title, all the steps required are here www.riv.ca in a simple easy to follow format.
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Old 12-01-2015, 03:38 PM
 
28 posts, read 33,457 times
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Oh wow. I know many Canadians go into the USA to buy their vehicles and import them. Are they just buying their cars in cash? There must be some kind of work around, surely?
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Old 12-01-2015, 03:43 PM
 
Location: Hougary, Texberta
9,019 posts, read 14,303,741 times
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They buy them with financing from a Canadian bank.

You can ask, but there are two issues. 1) The bank won't agree to do it. 2) You can't import without the title.

There's no work around as the lienholder has no way to recover their property if you default. Same goes for leased vehicles.

The only potential work around would to possibly find a Canadian bank to grant you a loan to pay off the current loan, but that would be a challenge, and regardless the vehicle would have to remain in the US until all of that is done.
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Old 12-01-2015, 03:51 PM
 
Location: Canada
6,141 posts, read 3,377,954 times
Reputation: 5790
Quote:
Originally Posted by RichmondGirl View Post
Oh wow. I know many Canadians go into the USA to buy their vehicles and import them. Are they just buying their cars in cash? There must be some kind of work around, surely?
I found an article about this, tho is older ( back when our dollar was worth more than the US greenback....But within it..explains clearly how it can be done and also outline's some of the costs...SMH~~ It appears it's not really worth it..but then again, it all depends on your financial situation..

Buy and Import a Car from the U.S. to Canada

snip~
Quote:
How to Import a Car

If you think that importing a new or used car is the right choice for you, here is a short checklist to keep in front of you from Import Car to Canada:

Find a reputable dealer: It’s important to find a dealer that you trust will know how to help you import your car and ensure it is safe and reliable. To confirm a car is in quality condition, you could order an inspection from Carchex.com.
Check out additional inspection requirements: The RIV is a great resource for helping potential buyers determine what a vehicle needs in order to pass federal inspection requirements.
Secure financing and purchase the car: Since Canadians can’t obtain car financing in the United States, you will need to explore your financing options at home before making the purchase.
Prepare to visit Canada Customs: After you’ve purchased your vehicle, you’ll need to secure your vehicle title, bill of sale and VIN number so that when you reach Canada Customs, they will release your car. Also, don’t forget your driver’s license and passport.
Deciding whether to purchase a vehicle in the U.S. is a considerable decision that requires lots of research. However if you’ve weighed your options and find importing your new vehicle across the border is financially beneficial, it could be the right choice for you.
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Old 12-01-2015, 04:42 PM
 
22,923 posts, read 15,509,919 times
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The other little nuisance is, dealers in both countries have virtually forced manufactures to state warranty coverage will cease upon export or import in a frenzied effort to prevent cross border shopping for vehicles.
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Old 12-02-2015, 02:45 PM
 
2,869 posts, read 5,141,121 times
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Quote:
Originally Posted by BruSan View Post
The other little nuisance is, dealers in both countries have virtually forced manufactures to state warranty coverage will cease upon export or import in a frenzied effort to prevent cross border shopping for vehicles.
This depends on the manufacturer:

https://www.apa.ca/CanadianWarrantyi...ghtintheUS.asp
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