fafit
Can someone please tell me what kind of penalties or charges would be imposed if the car was sold prior to the end of the financing period. eg selling the car in year 2 under a 4 year bank finance.
Thank you in advance.
KeithL
You can transfer the balance liability to the buyer
fafit
transfer the liability assuming the buyer will finance the purchase as well?
what if the new buyer pays cash and I need to repay the bank?
ahamed
yes, you may then repay the bank, which excludes the charges of change of ownership & the same @ tasjeel when you go for a name transfer