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7 Mar 2009
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Registered Users
New on the HUBB
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Join Date: Mar 2009
Posts: 2
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financed vehicle to mexico?
i was wondering about driving a financed moto to copper canyon and then to mazatlan in mexico and have read that some lending institutions require a Letter of Authorization. is this required by the country of mexico or just by the bank? just trying to get it straight.
if so does the letter need to be notarized?
thanks sam
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7 Mar 2009
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Registered Users
Veteran HUBBer
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Join Date: Oct 2005
Location: Norwich,Ontario,Canada
Posts: 1,058
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Pat's right, the Mexicans do not care about lien holders, but they do want to see your name on the registration and ownership. For that reason you may need to bring some form of documentation if there can be some doubt as to who actually owns the bike. You may wind up having to post a $400US cash bond which will be returned to you when you cancel the documents when leaving Mexico at end of trip.
The lien holder's agreeement may be the cause of problems for you at home if it forbids taking the vehicle out of the country without permission.Get clear on the rules and limitations in your financial agreements.
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8 Mar 2009
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Registered Users
New on the HUBB
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Join Date: Mar 2009
Posts: 2
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thanks
great thanks guys for the info, i checked with the bank and am all set to leave in regards with them. ya i just wasn't sure if the registration worked by looks like i'm all right
thanks again
sam
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12 Mar 2009
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Contributing Member
New on the HUBB
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Join Date: Dec 2008
Location: Northern Minnesota
Posts: 3
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Hi folks, good info here, I appreciate it. I will be traveling to Mexico from California this spring as well. I am the "owner" of my bike, but I also have a loan on it.
Just to be darn clear, if there is a loan on the bike, state vehicle registration will suffice in place of a title? Assuming, the state vehicle registration and bike owner/rider all match. Correct?
Thanks for the help! (don't mean to hijack)
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