johndsouza Posted February 10, 2020 Report Share Posted February 10, 2020 Hi , Recently my H1B extension was denied and need to go back to my country . I had bought a car recently and have made only few payments on it . when i went to the dealer for selling it , the quote presented to me states that i need to pay a hefty amount after considering the value of the car. That amount equates to 10 months of EMI payment. have completed 4 years on H1B with 2 years left . Planning to file HNSC after returning to home country . Which of the below option Would be ideal in this scenario. 1) Sell the car to the dealer by paying the hefty difference amount and get rid of the car and loan (Please note that i have no time to sell it to a private party) 2) Make a power of attorney of the car to my friend and park it in his place and make payments from my country and return and get back the car assuming the HNSC will get approved. Please suggest Quote Link to comment
care_candidate Posted February 10, 2020 Report Share Posted February 10, 2020 10 hours ago, johndsouza said: Hi , Recently my H1B extension was denied and need to go back to my country . I had bought a car recently and have made only few payments on it . when i went to the dealer for selling it , the quote presented to me states that i need to pay a hefty amount after considering the value of the car. That amount equates to 10 months of EMI payment. have completed 4 years on H1B with 2 years left . Planning to file HNSC after returning to home country . Which of the below option Would be ideal in this scenario. 1) Sell the car to the dealer by paying the hefty difference amount and get rid of the car and loan (Please note that i have no time to sell it to a private party) 2) Make a power of attorney of the car to my friend and park it in his place and make payments from my country and return and get back the car assuming the HNSC will get approved. Please suggest How is this an immigration problem? Quote Link to comment
pontevecchio Posted February 10, 2020 Report Share Posted February 10, 2020 What is HSNC? Maybe post this in the FICO forum? Quote Link to comment
gopalakrishnach Posted February 10, 2020 Report Share Posted February 10, 2020 How this is related to H1B related issue? I can understan your scenario and might have posted same in many forums. This is not correct place... Quote Link to comment
johndsouza Posted February 11, 2020 Author Report Share Posted February 11, 2020 4 hours ago, gopalakrishnach said: How this is related to H1B related issue? I can understan your scenario and might have posted same in many forums. This is not correct place... 23 hours ago, johndsouza said: Hi , Recently my H1B extension was denied and need to go back to my country . I had bought a car recently and have made only few payments on it . when i went to the dealer for selling it , the quote presented to me states that i need to pay a hefty amount after considering the value of the car. That amount equates to 10 months of EMI payment. have completed 4 years on H1B with 2 years left . Planning to file HNSC after returning to home country . Which of the below option Would be ideal in this scenario. 1) Sell the car to the dealer by paying the hefty difference amount and get rid of the car and loan (Please note that i have no time to sell it to a private party) 2) Make a power of attorney of the car to my friend and park it in his place and make payments from my country and return and get back the car assuming the HNSC will get approved. Please suggest Apologies for posting here . This post can be taken down . I am unable to do that Quote Link to comment
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