Shipping a Financed Vehicle?

Trying to decide on what car to get. Anyone ever send a financed vehicle to PR? I could imagine sending a leased one would not be OK because you have to return the vehicle. But what about a financed car? I don't see why this would be a problem, but maybe it is? Anyone ever done this before?

Doubtful that you will be able to do this.  You would need the permission of the lender, and I'd be surprised if they would permit it.  If you were to default on the loan, they would have to repossess the car from PR -- an unwelcome prospect.

Talk to your bank if they are willing or not to give you clearance in writing. Likely not but it does not hurt to ask. Typically the shipper wants you to bring the car tittle but you do not get that until the car is payed up. I plan to pay off my car before I ship it.

Thanks for the info. I could also likely get a loan from a PR bank and buy the car here perhaps. I may just buy one cash though.

Depending on the timing of the purchase you may be able to get zero percent or some low low percentage. In that case why buy cash if no interest?

Hi! I recently moved out here due to my husband getting a job out here. We were able to ship out his financed vehicle with a letter from the bank/lienholder stating it was ok to ship the vehicle & we had to provide a letter from the car insurance company stating the vehicle was fully covered from port to port and that they would be receiving the check if the car was a total loss if an accident were to happen during transport. In our case it was Wells Fargo & geico, it was a hassle but we were able to get it.

Hope it helps!

When it is my time I will try the same as you justpeachyy. I knew it was doable but I was not aware what the process would be. This is helpful.

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