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The car is leased and is a 2015 model. The payoff amount is 40,000$. Upon moving to Canada I want to be able to import the car there and keep paying monthly towards my car loan (to TD USA or TD Canada). I am more than willing to transfer all my savings from Wells Fargo to TD Bank if that makes me more accountable.
The thing about importing the car is to have the title in my possession or a letter from the bank that states that it is okay for me to import the car to Canada. Will TD bank be able to provide me with such a Letter in the event I am approved for the Car Loan? Or will the bank be willing to lend me capital to obtain the title directly? Either way it will solve the problems I might face while importing it.
Please email me the answers.
Udit, Houston, TX
July 17, 2015 08:34:20 PM
In reply to Udit, Houston, TX
Thanks for stopping by TD Helps today, Udit.
You have reached TD Bank in the United States. Your question sounds like it would be best discussed with our friends up north, at TD Canada Trust. We recommend reaching out to TD Canada Trust's TD Helps page here: http://bit.ly/1Mg615b for a similar conversation our friend Marko is having. Additionally, you can reach out to them 24/7 directly at 1-866-222-3456 to speak with a Banking Specialist.
As there are many factors to consider when bringing a car to Canada, we also recommend you to start by contacting Registrar of Imported Vehicles at 1-888-848-8240 to determine the steps.
We hope this helps, Udit, and we wish you all the best on your move.
Justin B, Mount Laurel
July 17, 2015 08:35:07 PM