beezus3
Newbie
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Financed Vehicles
We are driving a couple vehicles down to Baja Sur and the vehicles are financed in the US. If you have driven a financed vehicle down, have you been
asked to provide documentation from the financier allowing you to take the vehicle to Mexico? I understand Toyota will be willing to write us a letter
for 30 day trip, however, we are moving to Todos Santos. We'll just have to keep US insurance and also buy Mexican auto insurance. Also, the other
truck was just purchased and we aren't sure it will be registered prior to leaving Colorado - temporary tags...anyone done this either? Thanks for any
input.
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DENNIS
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It's your car and you're responsible for it. Do what you want to do with it.
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CaboRon
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| Quote: | Originally posted by DENNIS
It's your car and you're responsible for it. Do what you want to do with it. |
The vehicles are financed, so belong to the title holder (bank).
If you do not have a letter from the title holder allowing you to take the car out of the usa, then your mexican insurance in invalid.
CaboRon
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DianaT
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| Quote: | Originally posted by CaboRon
| Quote: | Originally posted by DENNIS
It's your car and you're responsible for it. Do what you want to do with it. |
The vehicles are financed, so belong to the title holder (bank).
If you do not have a letter from the title holder allowing you to take the car out of the usa, then your mexican insurance in invalid.
CaboRon |
Never heard that before---interesting. Don't have a car loan now, but in the past, the Mexican Insurance companies never asked for a letter. Only
needed a letter for the car permit for the mainland.
Hope to hear more about this
Diane
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Frank
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Letter? Guess Ill be making a few phone calls on Monday
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BAJACAT
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Baja is a Free zone, you do not need anything,other than Mexican insurance for your car.But Mainland Mexico,you need a letter of concent from the
Bank,or title holder,for you to take the car to Mexico.That was told to me in San Ysidro,when I got my tourist papers for my Cabo trip.It may have
change now, I don'y know.?
BAJA IS WHAT YOU WANTED TO BE, FUN,DANGEROUS,INCREDIBLE, REMOTE, EXOTIC..JUST GO AND HAVE FUN.....
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DENNIS
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| Quote: | Originally posted by CaboRon
The vehicles are financed, so belong to the title holder (bank).
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The debt belongs to the bank. They couldn't care less about the crummy car.
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DianaT
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| Quote: | Originally posted by BAJACAT
Baja is a Free zone, you do not need anything,other than Mexican insurance for your car.But Mainland Mexico,you need a letter of concent from the
Bank,or title holder,for you to take the car to Mexico.That was told to me in San Ysidro,when I got my tourist papers for my Cabo trip.It may have
change now, I don'y know.? |
On the mainland one needs a credit card, the registration and if the registration shows a lien holder, they want a letter from the the lien holder.
They then attach a hologram to your windshield that you need to have removed by them when you leave Mexico.
Of course, don't need this in Baja, or in parts of Sonora, but this idea that the Mexican Insurance is not valid without it is a new one to me ---
hope that is not the case as we may buy another vehicle.
Diane
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bajamigo
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I'm not sure if the practice is universal, but Nissan Finance definitely required a letter of "permission" to bring my car down here (BCN). Without
it, I could not get Mexican insurance. The car was an Infiniti FX45, and I didn't owe much on it, but the letter was still required. Call AAA or some
organization like that and tell them you want Mexico coverage; see what they have to say.
[Edited on 2-4-2008 by bajamigo]
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Bob and Susan
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the letter is required but the plates are not
temporary documentation is OK
mexicans KNOW about "red tape"
i have a new truck right now without plates
this week i get the plates
i did get pulled over once last year for no plates but
the federal officer just looked at the paperwork
to make sure it wasn't stolen
and i was on my way
i've taked several NEW trucks to baja
it's ALWAYS best to have a GREAT vehcile when driving long distances
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DianaT
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We have been buying insurance from different places for years, the last several years through the Discover Baja Club. When our vehicles were
financed, we were never asked about a letter------
Guess I need to ask before we purchase a new vehicle
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David K
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It is assumed that most new vehicles are financed or leased... and like jd, I have been using Discover Baja for annual policies, and a 'letter' has
never been required for obtaining the insurance. Also, my State Farm insurance covers any damage to my vehicle within 50 miles from the border.
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BajaDanD
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When I got my tacoma a few years ago I had it in Baja the first week I got Mex ins at the border with the temp registration that was on the
windshield I had to take it off so they could do there paperwork then put it back on. I asked the finance co. before I went and they said I needed no
letter
DAND
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David K
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| Quote: | Originally posted by BajaDanD
When I got my tacoma a few years ago I had it in Baja the first week I got Mex ins at the border with the temp registration that was on the
windshield I had to take it off so they could do there paperwork then put it back on. I asked the finance co. before I went and they said I needed no
letter
DAND |
Pretty much the same story Dan, when I got my first Tacoma in 2000, it was a lease and I asked about a letter from Toyota Financial for Mexico
travel... The answer was that being financed through Toyota, the lease was "the same as buying" and Toyota Financial knows the Tacoma was desinged for
Baja and expects them to go there! My second Tacoma (2005) went to Baja the SAME DAY I got it! Oh, what a feeling!
I did call Discover Baja so my Mexican insurance would reflect the new truck... as I would get there after 5pm, they were kind enough to tape the
ammended policy to the door for me to have.
Photo of my new truck, the next day at La Bocana beach, west of El Rosario.
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beezus3
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Update for those of you interested: So I spoke to Toyota and they will only write a letter of permission for 30 days (I tried twice). Then, I spoke to
Discover Baja - they said they had never heard of Toyota saying such a thing and they do not require a letter for financed vehicles. Anyway, we are
just going to get Mexican car insurance and wing it without a letter of permission, as it sounds like many of you have not been required to produce
such a thing at the border. Thanks.
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tripledigitken
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The lender cares about one thing.
Your timely payment.
Which would still be due if your car was wrecked or stolen with or without insurance.
Ken
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rts551
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This discussion is almost like "how do I get my FM3?"
 
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