For moving a car whether for personal or business reasons, many car owners ask the question, “Can you ship a financed vehicle out of state?” The answer is yes, you can ship a financed vehicle across state lines, though there are some key factors to keep in mind. If you ship a financed vehicle out of state, it requires a little extra attention to detail because there may be specific requirements or restrictions imposed by your lender or the vehicle’s financing terms.
This post is one that will walk you through the process for shipping a financed vehicle out of state and also the steps involved. 1st Car Shipping helps ensure the experience remains smooth and hassle-free.
Why Shipping a Financed Vehicle is Different
A financed vehicle is technically owned by the lender until the loan is fully paid off. This addition makes shipping of your car out of state more complex. A financed vehicle may require the lender to approve its shipment across state lines unlike a car someone paid off. Some financial institutions, additionally, may want to ensure their interest within the car is properly protected during the shipping process or may have vehicle transportation restrictions.
Prior to shipping of a financed vehicle out of a state, consider some key factors now. Before shipping, reviewing these factors is important.
- Lender Approval: Many of the financing agreements specify to notify the lender or for the lender to approve of car transport outside of the state, especially when it is involving vehicle shipping by trailer or a move of long distance.
- Insurance Coverage: The lender still owns the car so they also may require proof for insurance. This is for ensuring adequate vehicle coverage during transport. If you do use an auto shipping company, ensure that they do have insurance. Their insurance should protect your vehicle throughout the adventure.
- Outstanding Loan Balance: Be aware also of what the outstanding loan balance is if you move the vehicle because of relocation or some reason. If they sell or transfer the car, someone may need to pay to the lender first, or someone may need to settle the loan before moving the car.
- Title and Registration: The vehicle’s title is quite an important document. This is true especially within the shipping process for financed cars. It is important to understand just how to handle all of this documentation because the title may not yet be in your name depending on certain loan terms.
Steps to Ship Your Financed Vehicle Out of State
Shipping of a financed vehicle out of state is certainly possible even though it can require a little bit more paperwork and coordination. Here is a list involving things that you have need of doing.
- Contact Your Lender
Contacting your lender comes first prior to any shipping arrangements going forward. It is important to confirm their requirements about the car’s shipping and to get their approval. Though some lenders may require specific forms, insurance coverage, or additional checks, others may allow shipment of the vehicle out of state without much paperwork.
Also, you must then verify the necessity of involving the lender within transport. A shipping contract or a confirmation may need to be provided, or specific parties may be required by some lenders for the car to transport it.
- Choose a Reliable Auto Transport Company
After lender approval occurs, you should choose an auto transport company that is reliable. Because not every transport company is a specialist, selecting a business with experience shipping financed vehicles is vital.
At 1st Car Shipping, we do professionally transport all of the types of vehicles in a secure way. We also finance cars. Our team is experienced at working with the specific requirements of financed vehicles. Therefore, the car arrives safely, and the lender’s guidelines are met.
- Provide Necessary Documentation
Documentation that is required will need to be provided. After this confirmation regarding the shipping company, this action will be necessary. This includes:
* Proof of Insurance: Be sure that your vehicle is covered: Proof of Insurance during the transport. Your insurance must meet lenders’ standards, because some lenders might require particular coverage.
* Loan Agreement: Give the loan agreement copy to aid the shipping company’s comprehension of your financing’s terms. This helps in avoiding misunderstandings. The car’s ownership thus can be clarified now.
* For Title and for Registration: You can provide the title. You can alternatively register the vehicle. You may need to arrange for the lender to release the title if they hold it or you may need to work with them so the transport goes smoothly.
- Prepare Your Vehicle for Shipping
When the paperwork is in order, prepare your vehicle for its shipping. Shipping a financed car involves a few more considerations, though this process is like preparing any vehicle.
* Car Cleaning: For inspection reasons, it is necessary that you clean your car before shipping. Documenting of any pre-existing damage can help the shipping company to avoid disputes later on.
* Take Out Private Things: You must take all private things from the auto. A lot of transport companies do not allow for personal belongings in the car during transport time. Damage or loss could occur from them if they are left inside.
* Check the Vehicle’s Condition: Check the vehicle’s condition before shipping ensure that your vehicle is in good working order. Give to the shipping company notice in advance if your car is inoperable because this allows for special equipment to be arranged.
- Schedule Pickup and Delivery
With the transport company, schedule the pickup and delivery. Your vehicle will be ready in advance. 1st Car Shipping schedules options to meet your needs with flexibility. Our team ensures a timely and efficient shipping process when arranging long-distance transport or shipping a car across a few states. Our team will work alongside you.
- Inspect the Vehicle Upon Delivery
When it arrives at its destination, perform a thorough inspection of your financed vehicle. This will ensure it arrived within the same condition it was in when it left. Record damage right away, then tell the transport firm and the lender if needed.
Why Choose 1st Car Shipping for Shipping Financed Vehicles?
At 1st Car Shipping, we understand about shipping a financed vehicle. So we therefore treat it with added care. Moving of your financed car across some state lines is now best done with us because of these reasons:
- Expertise and Experience: Dealing with financed cars and with all of the vehicle types is something that our team has done for some years. We do understand the specific requirements involved here. Handling of each and everything is ensured by each of us properly.
- Thorough Insurance: We offer thorough insurance coverage for all of the vehicles we transport, in addition to this coverage offering peace of mind during the shipping process.
- Timely Delivery: We value on-time delivery and strive to make sure vehicles get there as expected. We are able to ship vehicles regardless of the destination.
- Transparent Pricing: Our pricing is still quite competitive, and so we have absolutely no hidden fees at all. Our quotes are clear and direct so you know what to expect exactly.
- Our Valued Customers: Because we care, we are always ready to help you. We also guide you through the shipping process plus answer your questions. We are here just for you at every step on the way from start up to finish.
Final Thoughts: Shipping Your Financed Vehicle Out of State
Yes, shipping a financed vehicle out of a state is possible, but a few more of the steps are what is needed for seamlessness. You can rest assured that your car will be safely transported to its destination by way of choosing a trusted auto transport company like 1st Car Shipping, in providing the necessary documentation, also working with your lender.
Today, contact 1st Car Shipping if your financed vehicle is ready to ship across state lines. Our experienced team is here for helping you navigate the process, and they will ensure your car is transported safely and efficiently.
