Transfer of car loan (loan take-over)
Hi everyone...
Would anyone know if i can transfer my car loan from Doha Bank to the potential new buyer to just continue with the remaining amount?
Otherwise....please advise how else could i do it so that the buyer can get the car without having to re-finance.
Many thanks in advance.
He was refering to Doha Bank. I was refering to How the procedures of Doha Bank. Standard Chartered Bank is irrelevent here.
lucky, i was just stating the fact that it depends on the bank. and if you would like to read the context of the comment i just set an example... i just sold my car and thats what i have learned from the bankers recently. JUST AN INFO!!!
He is talking about Doha Bank and I was clarifing on my experience with Doha Bank not Standard Chartered bank
it depends on the bank policy. like in Standard Chartered bank, before they have this kind of service but now they dont have it.
It depends on the financial stability of the new owner some documentation is required by the bank. But the answer is yes you can….
I also worked for KBR / Halliburton before :)
I bought a Car with Doha Bank Loan after 6 months of registration by the previous owner. 4 1/2 years remaining and I continue to pay the remaining balance.The car was re-registered under my name.
So answer is yes provided bank accepts the financial stability of the new owner. ( They ask for 3 months bank statements.)
I agree with Kashtowolf.
Dear newbie,
Generally, lease agreements are non-transferable but u can do it as personal(un-officially). Sure, thr can b the way but u should had give more info. like car model, color, how much u've paid, how much is left & most imp. ur cell#.
hpe this would solve much prob.