Car Appraisal Website?

[canadavisa22 202]

We currently live abroad and are using one of our vehicles as an asset to qualify.

 

I have the original bill of sale and a letter from the financing company showing there is no lien on the vehicle.

 

However, is a print out of a car valuation website enough to assess the appraised value? 

[Boiler 45,476]

Probably easier just to sell it and show the cash.

[canadavisa22 202]

5 minutes ago, Boiler said:

Probably easier just to sell it and show the cash.

That'd be easiest but we need the vehicle until the visa is approved. 

[Boiler 45,476]

That will be an issue.

[Nitas_man 3,100]

9 hours ago, canadavisa22 said:

We currently live abroad and are using one of our vehicles as an asset to qualify.

 

I have the original bill of sale and a letter from the financing company showing there is no lien on the vehicle.

 

However, is a print out of a car valuation website enough to assess the appraised value? 

 

We attached titles and printouts of the KBV, trade-in, and private sale values assuming average condition to justify their asset value.

https://www.kbb.com/whats-my-car-worth/

[canadavisa22 202]

7 minutes ago, Nitas_man said:

 

We attached titles and printouts of the KBV, trade-in, and private sale values assuming average condition to justify their asset value.

https://www.kbb.com/whats-my-car-worth/

Did you take the average of the trade of in and private sales values and explain how you came to that total in a written explanation on a separate "proof of asset ownership" letter?

 

I'm actually wondering if I can combine my bank letters and the car appraisal into one letter/pdf or if I should upload those things separately. It's a bit confusing what they mean by don't combine multiple files into one in cases like this.

[carmel34 3,624]

14 hours ago, canadavisa22 said:

That'd be easiest but we need the vehicle until the visa is approved. 

From the I-864 instructions on using assets:

 

"Only assets that can be converted into cash within one year and without considerable hardship or financial loss to the
owner may be included. The owner of the asset must include a description of the asset, proof of ownership, and the basis
for the owner’s claim of its net cash value."

 

Sounds pretty straightforward, if you choose to include the car as a qualifying asset, submit proof of ownership and the basis for your claim of net cash value.

 

Good luck with your visa application.

 

 

[canadavisa22 202]

2 minutes ago, carmel34 said:

From the I-864 instructions on using assets:

 

"Only assets that can be converted into cash within one year and without considerable hardship or financial loss to the
owner may be included. The owner of the asset must include a description of the asset, proof of ownership, and the basis
for the owner’s claim of its net cash value."

 

Sounds pretty straightforward, if you choose to include the car as a qualifying asset, submit proof of ownership and the basis for your claim of net cash value.

 

Good luck with your visa application.

 

 

Yes, I am asking specifically about the "basis for the owner’s claim of its net cash value." in this thread. I'll just use KBB.com as was suggested above.