| zesun |
| I just bought Rage Rover 2005 6 months back by taking a loan from the bank. Unfortunately, I have to leave dubai within few days forever. Can anyone suggest what i should do with the car? how to sell and pay off the bank. |
| M! |
| How much is the car? Sell it and pay back the bank Or leave the car in the streets and say good bye for ever |
| cheap_Deal |
| put up some ads in gulfnews, autodealer.ae and other sites. pray that the next buyer pays the whole amount in cash, if he/she wants to finance the car then things get complicated. |
| hamadl |
| Things do not get complicated, either the other person (buyer) pays the bank in cash or you can transfer the loan to his/her name.. Its that simple |
| cheap_Deal |
| what if the buyer wants to get a loan from another bank? |
| onetickin |
How much are you selling for? pm with the details, I might be interested. |
| hamadl |
Then the loan gets transferred to the other bank, the procedure is done by the buyer not the seller, its an easy procedure anyway.. |
| DDastardly |
| is the transference procedure only availiable on car finance loans or can you do it with a personal loan. |
| bonk |
| I don't think you can transfer a personal loan, but you don't have to pay it off when you sell the car either. For selling, also try supermarket noticeboards. Or go to a car dealer - you'll probably only get offered half what it's worth though. |