Temporarily import car to Mexico without lien holder permission?

[SouthernBeast87]

I want to bring my car to Mexico. I'm a US citizen currently a temporary resident here. I have all the forms and paperwork and know the process. However, my lien holder said I can only have the car in Mexico for TWO WEEKS MAX. My lien holder is a small credit union. I've heard at the border that many times, they do not ask to see the "permission letter" from the lien holder. I went ahead and requested the letter so at least I have it to enter the country.

- What are the cons of disregarding the lien holder's 2 week max rule? Penalty? Fine? What is the worst that can happen?

- How could the lien holder ever even know I'm living at a temp resident in Mexico?

 

[Zigner]

It's entirely possible that the lien holder will take steps to repossess the car (a civil matter), or even report this as a crime.

#2 is irrelevant to the legal question.

 

[justalayman]

- What are the cons of disregarding the lien holder's 2 week max rule? Penalty? Fine? What is the worst that can happen?

The worst that can happen? It depends on what the contract allows and whether you think the loan being called due in full is a problem if the contract allows for it.

Then, once the loan is called, if you think the lender filing legal actions for the balance in full is a problem

And whether you see the lender seeking to repossess the car is a problem, even after you return to the states

 

[LdiJ]

I would suspect that as long as the payments are made strictly on time that it won't actually end up being an issue. However, I could see all heck breaking loose if the payments are not made strictly on time.

 

[justalayman]

I would suspect that as long as the payments are made strictly on time that it won't actually end up being an issue. However, I could see all heck breaking loose if the payments are not made strictly on time.

Probably so..


I was intending to answer the ops question of “what’s the worst case scenario”

 

[adjusterjack]

my lien holder said I can only have the car in Mexico for TWO WEEKS MAX.

Did it ever occur to you to READ your loan contract to see if taking the car out of the country constituted default?

READ IT NOW.

Come back and tell us what it says.

 

[SouthernBeast87]

@adjusterjack Loan contract has been requested. It is being mailed to me. Currently, I'm working abroad so I do not have the papers.

BE A GOOD HUMAN.

 

[justalayman]

@adjusterjack Loan contract has been requested. It is being mailed to me. Currently, I'm working abroad so I do not have the papers.

BE A GOOD HUMAN.

Look for the requirement that is probably included where the contract obligates you to inform the lender of the relocation of the vehicle or a change of your residence.

 

[SouthernBeast87]

Look for the requirement that is probably included where the contract obligates you to inform the lender of the relocation of the vehicle or a change of your residence.

Great. I will do that @justalayman Thank you for your assistance. I really appreciate it. Today has been wild with a good friend about to lose her dad, to tons of work and figuring out this personal project. Nice to have someone be helpful and considerate. Thanks again.

 

[Just Blue]

@adjusterjack Loan contract has been requested. It is being mailed to me. Currently, I'm working abroad so I do not have the papers.

BE A GOOD HUMAN.

All the VOLUNTEERS of this site are wonderful humans. Don't be snitty.

 

[justalayman]

All the VOLUNTEERS of this site are wonderful humans. Don't be snitty.

I reserve the right to be species fluid.

 

[Just Blue]

I reserve the right to be species fluid.

Of course you have that right. I'm sorry for the insensitive way I wrote my post.

 

[SouthernBeast87]

Using the alien emoji = just won my day.

 

[SouthernBeast87]

Thank you everyone. Apologies for being snitty. Hard day is no excuse for poor behavior, especially given that you're volunteering your time. Thank you each for taking time to respond.

 

[adjusterjack]

Loan contract has been requested. It is being mailed to me
[/QUOTE

Good, because the only thing that counts is what is in the contract, not what somebody tells you on the phone.