I still have pending loan on my car . But I am just doing soft landing so planning to bring it probably a year later by that time I will have loan cleared on it. So my question is can I declare my car with outstanding loan in gooda to follow ? And bring it with clear title later ?
Listing car in goods to follow.
- Thread starter lakshmanshnny8660
- Start date
Yes, you can list it in the GTF and continue paying off loan before actual move, that is when you need to have loan payed off,.
Hi, I am on the same page as well. Can we not import our car with an outstanding loan here in US. In that case is selling off car here and moving is a good idea. Please let me know your inputs
Thanks,
Anvesh.
Yes, no outstanding loan.
If its a new car or a luxury car, import is worth in terms of saving tax.
I have a similar question, can I declare my car in goods to follow (since I plan to import it at a later time once loan is paid off) but drive that same car across the border for my landing process?
Yes, that's what I meant : the car that I will be driving for landing purposes, I will list in "good to follow" since the car has a loan on it, so not ready to import yet.
Is that what you did? Its awesome if can do that, would hate to have to rent a car just for this landing.