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I would like to know what is the possible cost to ship a vehicle that I had bought on STX (still financing through First Bank) to Florida?
Would it more feasible to sell the vehicle, even though I am still financing?
Posted : May 4, 2008 9:34 pm
Can't think of any good reason to ship a car TO Florida. Sell it here. Even if you don't get the price you would like, it will be off-set by saving the cost of shipping.
Posted : May 4, 2008 10:25 pm
Topic starter
I am still financing through First Bank. I am afraid I might not be able to sell it for how much I owe.
It's a 2007.
Posted : May 4, 2008 10:44 pm
Will first bank even let you take it off island?
Posted : May 4, 2008 11:03 pm
Why by a car on island knowing your going to Florida?
Posted : May 5, 2008 9:05 pm
I doubt anybody would buy a new car here knowing that have a firm commitment to return to the U.S. (what with the much higher cost due to lack of aggressive discounting like U.S., extra special charges particularly for non U.S. not make in U.S. cars, and high shipping costs.)
My guess is the original poster didn't know they would be moving when he/she purchased the car.
That said, atc004 you need to check into whether the lien holder will give you a copy of the paper title (or DMV if they have it). Without it you won't clear customs (and these days that probably means the car wouldn't even clear it on this end in STX yet alone in Florida.) Up until a few weeks ago Customs would take a letter in lieu of copy of paper title but apparently this is almost impossible now and they insist on copy of paper title (not a big deal unless you live in one of the states that recently switched to electronic titles only - ask me how I know 🙁 )
Once you get permission you'll also need proof of insurance for the vehicle while it is on the water, copy of current registration, etc.
If you know you will keep your 2007 for at least a few years it's probably worth it considering you're upside down on your loan. If you don't think you're going to keep the car long remember that used values are much higher here in STX plus you save the cost of shipping.
Posted : May 5, 2008 11:07 pm
I am still financing through First Bank. I am afraid I might not be able to sell it for how much I owe.
It's a 2007.
okay, I took the word "financing" as meaning they bought a new car and were in the process of financing it and not yet completed.
What they really meant to say is they are still making payments.
Posted : May 6, 2008 4:40 pm