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Author: Subject: Drivng that new truck to Mexico-things I did not know....
Baja Bucko
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[*] posted on 2-12-2016 at 11:32 AM
Drivng that new truck to Mexico-things I did not know....


So my old truck had too many Baja miles and I had to get a new one. Been traveling the peninsula for over 40 years and always drove paid-for trucks. Well, new one is not paid for and I am getting ready to head south to ride mules again. It seems the BIG name car credit company will not allow my truck to go to Mexico for more than 30 days and it will not cooperate with my insurance company over certain things even though I get Mexican insurance and the US is irrelevant. In case of an accident proof of ownership is critical and just the registration is not accepted in Mexico from the folks I have talked to-including a few who had accidents down there. So the lien holder of my unpaid for truck refuses to give ME permission to cross the border. OK-I know most of you would just say screw them...but I like to follow all the rules driving in Mexico so this has me boiling....who woulda thought.....:fire::fire::fire:



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[*] posted on 2-12-2016 at 11:46 AM


Quote: Originally posted by Baja Bucko  
So the lien holder of my unpaid for truck refuses to give ME permission to cross the border. OK-I know most of you would just say screw them...but I like to follow all the rules driving in Mexico so this has me boiling....who woulda thought.....:fire::fire::fire:


Lien holder is owner with you until lien is removed. Not knowing you need permission to go South might be spelled out somewhere that you missed. Since you know what's required now, you need to follow the law. Your lien ''contract'' is probably voidable making your balance due and payable if you get in trouble and they find out about it. (Accident...)

I'd think, but might be wrong, that this stuff is negotiable with the lien holder. I.e., you're only driving 50k into MX, vehicle would be garaged, etc. But it could be black/white too.

An option might be getting another loan that doesn't have the SOB condition.

Nomads would say ''screw them'' and break the law? Nah.




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willardguy
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[*] posted on 2-12-2016 at 12:09 PM


how come nothin can ever be easy :(
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David K
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[*] posted on 2-12-2016 at 12:11 PM


Take the truck back!

Seriously, you got it for Mexico trips.

Many (most of?) of us get 4WDs because of Baja, for Baja. It is your truck and if it has full insurance the lender gets paid!

Even when I leased new Tacomas (from Toyota Carlsbad) I made it clear before signing the truck was going to Mexico right away. They told me, a lease is the same as a purchase and one must be fully insured, that's all.

My third Tacoma is now a purchase (from the lease), from a Credit Union... It is still my truck and fully insured when in Mexico (and here).

Go back to the dealer and cry foul!




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[*] posted on 2-12-2016 at 01:01 PM


maybe that's a Canadian law but not in the usa...

a lien is just that...a lien on the truck

the lienholder cannot tell you where to go with the truck after purchase

as long as you are insured the lienholder has no say in how you use the truck

I just had a similar conflict with a usa state where a worker was making up rules : )

I suggest you contact a lawyer for a free advice session...




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Baja Bucko
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[*] posted on 2-12-2016 at 01:46 PM



I live in the US.




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[*] posted on 2-12-2016 at 02:38 PM


When I purchased my used 2004 Tacoma in 2010 it was financed thru ALLY which I think is formerly GMAC. Anyway I called them and told them I was going to Baja and they told me to fax or email a copy of my Mexican insurance policy, which I did, and everything was OK.

Baja Bucko maybe you should look into financing thru another company.
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[*] posted on 2-12-2016 at 05:02 PM


Get a DL policy. They don't ask for any ownership of the vehicle(s) you are driving

Before I get corrected, this is for liability only. So if your truck is stolen or wrecked, you are out

[Edited on 2-13-2016 by CortezBlue]




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[*] posted on 2-12-2016 at 05:23 PM


I'm thinking that if you buy your insurance through a California excess broker such as Bajabound, you will be covered regardless of what happens, you will be covered simply because when you apply, you will list the legal owner as well as yourself. Geoff ought to chime in on this.
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[*] posted on 2-12-2016 at 05:37 PM


his (Geoff) site says you need a letter...this just isn't true

as long as the truck is registered and you comply with the insurance requirements for the loan and make your monthly payments...
you are good to go

the 30 day thing comes in because in most states in the usa you need to transfer title to the state you domicile the truck in and follow that states rules after 30 days

can't do that in mexico without importing it and the years for import are 2011 to 2007...the title has to be clear too

a bank cannot cross into mexico to repo a truck either
so if you stop paying the monthly bill is almost always a loos for the lender...they don't like that

most people have a lien...its the way it is






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[*] posted on 2-12-2016 at 06:19 PM


Quote: Originally posted by Bob and Susan  
maybe that's a Canadian law but not in the usa...

a lien is just that...a lien on the truck

the lienholder cannot tell you where to go with the truck after purchase

as long as you are insured the lienholder has no say in how you use the truck

I just had a similar conflict with a usa state where a worker was making up rules : )

I suggest you contact a lawyer for a free advice session...


This is it... It is your truck Teddi.. the lender just needs it to be insured so they get paid if you wreck it or lose it to theft, no matter where in the world it is.




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[*] posted on 2-12-2016 at 07:02 PM


regardless of what some say here about full coverage...your vehicle will only be covered up to the assessed value. You owe more than that...you pay!
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[*] posted on 2-12-2016 at 07:12 PM


Full coverage also means legal representation, bail bond .......and in some cases a rental car while the insured car is repaired


Quote: Originally posted by rts551  
regardless of what some say here about full coverage...your vehicle will only be covered up to the assessed value. You owe more than that...you pay!
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[*] posted on 2-12-2016 at 07:36 PM


Quote: Originally posted by Bob and Susan  
his (Geoff) site says you need a letter...this just isn't true

as long as the truck is registered and you comply with the insurance requirements for the loan and make your monthly payments...
you are good to go

the 30 day thing comes in because in most states in the usa you need to transfer title to the state you domicile the truck in and follow that states rules after 30 days

can't do that in mexico without importing it and the years for import are 2011 to 2007...the title has to be clear too

a bank cannot cross into mexico to repo a truck either
so if you stop paying the monthly bill is almost always a loos for the lender...they don't like that

most people have a lien...its the way it is




The loan contract is the agreement entered into by lender and purchaser. Bobby's advice to hire an attorney is silly. The op should read the contract, it probably has conditions re taking car out of country. If that is unclear, then op should ask the insurance salesman what the typical process is for auto loans, cars and travel in Mexico,...

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[*] posted on 2-12-2016 at 08:44 PM


lein holder's permission is required for temporary import to mainland...have never heard of it being required for Baja.



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[*] posted on 2-12-2016 at 10:39 PM


I have talked with two people who have had accident issues in Baja...each said they eventually were asked to show the proof of ownership and the registration would not work....that said IF there is an issue and every thing is not kosher, the insurance is invalid and there are serious judicial issues there.



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[*] posted on 2-13-2016 at 08:44 AM


Teddi, people drive new trucks to Baja ALL THE TIME and they are either financed or leased. I have taken all my new vehicles into Baja, while financed or leased.

Baja Bound or Discover Baja Travel Club both sell the same brand of top rated Mexican Insurance. Neither one will lie to you as they are people we know well for many years. TALK TO THEM.




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[*] posted on 2-13-2016 at 08:52 AM


Quote: Originally posted by rts551  
regardless of what some say here about full coverage...your vehicle will only be covered up to the assessed value. You owe more than that...you pay!


if you're upside down on a car loan you buy "gap insurance"
...it isn't that much money

then you are covered for the loss is totaled




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[*] posted on 2-13-2016 at 08:58 AM


Quote: Originally posted by mtgoat666  

... Bobby's advice to hire an attorney is silly....


I didn't say that...
I said...
"I suggest you contact a lawyer for a free advice session..."

I think that's probably the BEST idea

everyone everywhere makes up different "rules"
get the real rule




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[*] posted on 2-13-2016 at 09:00 AM


Quote: Originally posted by Baja Bucko  
It seems the BIG name car credit company will not allow my truck to go to Mexico for more than 30 days ......


Baja Bucko, thanks for posting this. I'm considering a new vehicle. Decided to do a little Inet research. Found these:

"It is also important to note that many companies will not allow you to travel in Mexico with your financed vehicle for a period longer than 30 days."

https://www.bajabound.com/before/permits/lienholders.php

This page has a lot of info. Folks with financed cars should read it. It contains information specific to the various large lending institutions.

----------------------------------

If a vehicle is financed, then it is also subject to a loan agreement that was originally signed by you. If you are still making payments, or if there is a lien holder listed on your vehicle registration, then the lender also maintains some ownership of the vehicle. Because the lender maintains a financial interest in the vehicle, they also legally have a say in whether or not you can take the vehicle outside of the country.

https://www.mexpro.com/blog/driving-financed-vehicles-mexico

-------------------------------------------------------


[Edited on 2-13-2016 by SFandH]
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