Is there anybody can tell me how to surrender vehicle to the bank, if I cannot pay for my loan anymore. Do I have to pay something? Because I will be leaving qatar soon.
There will be charges if you surrender the loan directly to the bank. You need to look for someone to took over your loan, but the amount they will be paying will be higher than your current monthly amortization but with less number of months.
no body can help you more then your bank itself,all what you hear is just informations,but no body will know the amount you payed or remaining...so you have to ask the bank!
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why
why u gonna leave?
There will be charges if you surrender the loan directly to the bank. You need to look for someone to took over your loan, but the amount they will be paying will be higher than your current monthly amortization but with less number of months.
You need to visit your bank and check with their Vehicle loan dept.
no body can help you more then your bank itself,all what you hear is just informations,but no body will know the amount you payed or remaining...so you have to ask the bank!
You can surrender the car to the bank which they might put for sale/auction and you will be required to pay the difference and their charges...
One Best way for you is to find a buyer by yourselves. He can (if he is eligible) take a car loan and settle yours with the proceeds.
Tks