I mean, I’ve posted on this topic so many times.
- They are not looking to add all debt, subtracts from funds and say here is your net funds.
- They are looking for overall financial profile.
- Do you not intend to take your car with you up north?
- Did you get you landing visa already? If not just don’t mention the car.
- While applying I mentioned one of my cars. Before landing I took up a loan for a new car, and didn’t mention it during the soft landing. Nothing happened.
In the end, rule of thumb. Mentioning car and other debt shows your financial profile. It does not count against you. I believe the other person might have gotten into trouble because of omitting the loan not cause of net funds.