Defaulted on a Car Loan, but Now Live in Another Country

vagus07 · #1 10-11-2007, 07:12 PM

I am from the US and moved to Canada for school a few months ago. Because of financial reasons, I stopped making payments on my car loan. Will the car get repossessed in Canada or only if I drive it back to the US? Will this be considered a stolen vehicle?

aaron · #2 10-14-2007, 03:51 PM

What does your loan agreement provide, in the event that you wish to move to another country?

shannon1025 · #3 10-23-2007, 01:31 PM

If they know your address in Canada, they WILL reposses the car. They will outsource a repo company in canada. This happened to me. The bank tought my car was in New York State, but i had moved to Las Vegas. I fell behind on payments and within a week of the final phone call demanding payment, my car was GONE. They will take the car if they know where it is in Canada.