What should I do if my lender won't let me ship my car overseas to Germany, even if I'm deployed?

"I'm in the Army, and I just got notice I'm being deployed to Germany. I want to take my car with me, but the lender won't allow it.

What are my options?"

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Eric Schad
Answered on Jun 18, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“Most lenders won’t let you take a financed car overseas simply because they have zero recourse or ability to repossess the car if you stop making payments.
Essentially, you have three options:
  • Give the vehicle to a trusted friend or family member and continue to make the payments until you get back to the U.S.
  • Sell the car, pay off the loan, and buy a vehicle in Germany.
  • Find out if you can get a German lender to take over the loan.
One of these options should work for your needs. Keep in mind that shipping a car to Europe is going to cost you thousands of dollars, so it might not be worth it. Weigh the pros and cons for your finances and for the sake of convenience.”
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