Financing options for importing a vehicle

[shandyman]

Are there any financial institutions that will finance an individual importing a Roro vehicle? For example, a vehicle will cost $155,000 landed inclusive of taxes. Are there any financial institutions that will finance this loan even though the vehicle is physically located in Japan?

[eliteauto]

as an individual it depends on your relationship with your bank, you might have to take a loan and buy it afterwards, but if you're using the vehicle as the collateral to secure the loan ( in addition to the down payment) it's unlikely they will finance it unless you're importing via a recognised dealer

[shandyman]

as an individual it depends on your relationship with your bank, you might have to take a loan and buy it afterwards, but if you're using the vehicle as the collateral to secure the loan ( in addition to the down payment) it's unlikely they will finance it unless you're importing via a recognised dealer

Agreed. Most financial institutions will give loans (unsecured) for vacations, medical reasons etc. But unless you have a great relationship with you bank, I highly doubt that they will give an unsecured loan for $100k+. Going through a dealer will mean that you will have to pay the cost of the vehicle + their commission (whatever that might be). Didn't think that financial institutions would finance a vehicle being imported, but was just asking out of curiosity.