What is the procedure?

Name: Qatar Living Classifieds
Rating: 4.1 (228 reviews)
Author: Qatar Living

Currently, I have a car which I loaned for 4 years in the bank. I had finished paying for 12 months already and would want to change to another vehicle. Considering I still have pending payments, is it possible for me to pass the loan to another person which is willing to continue paying the monthly amortization and would take the vehicle as his. My questions are:

1. Is it possible to make certain arrangements or I have to finish my loan first and then sell the car after?

2. If possible, what are the requirements and procedures for the loan transfer?

Waiting for your answers....

Thanks!

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What is the procedure?

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