Procedure to sell my car having a bank loan, help please!

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

Hi everybody!

I have a loan with my bank for the car I bought. Now I want to sell my car and I wanted some advice from someone who has done it before.

I guess I have to do a registration transfer. I understand this can be done through some showrooms paying some money.
Then I have to cancel my insurance I guess.
What to do with the bank loan? I need clearance from the bank to sell the car and then pay the complete ammount of the loan?
Sorry guys, many questions, Im a bit lost.

Many thanks in advance for the help!

Regards everybody!

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2 comments Sort by rating

By Mandilulur• 3 Jun 2010 00:18

I believe you sell the insurance with the car, so pro-rate it for the amount of time/money left and charge that to the buyer.

By XceptionalGreat• 3 Jun 2010 00:12

You can transfer your Car loan.. place your ad in Classified.

Publish details of your Car like Model, Make, Installments & Bank Name etc..

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Procedure to sell my car having a bank loan, help please!

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