How To Pay Off Bank Loan Against Car

Topic locked
  • Reply
how to pay off bank loan against car Nov 01, 2007
I just bought Rage Rover 2005 6 months back by taking a loan from the bank. Unfortunately, I have to leave dubai within few days forever. Can anyone suggest what i should do with the car? how to sell and pay off the bank.

zesun
Dubai Forum Guest
Posts: 2

  • Reply
Nov 01, 2007
How much is the car? Sell it and pay back the bank
Or leave the car in the streets and say good bye for ever
M!
Dubai forums Addict
User avatar
Posts: 211

  • Reply
Nov 01, 2007
put up some ads in gulfnews, autodealer.ae and other sites.
pray that the next buyer pays the whole amount in cash, if he/she wants to finance the car then things get complicated.
cheap_Deal
Dubai forums Addict
Posts: 268

  • Reply
Nov 01, 2007
Things do not get complicated, either the other person (buyer) pays the bank in cash or you can transfer the loan to his/her name..

Its that simple
hamadl
Dubai Forums Talker
User avatar
Posts: 192
Location: Dubai

  • Reply
Nov 02, 2007
what if the buyer wants to get a loan from another bank?
cheap_Deal
Dubai forums Addict
Posts: 268

  • Reply
Re: how to pay off bank loan against car Nov 02, 2007
zesun wrote:I just bought Rage Rover 2005 6 months back by taking a loan from the bank. Unfortunately, I have to leave dubai within few days forever. Can anyone suggest what i should do with the car? how to sell and pay off the bank.


How much are you selling for?

pm with the details, I might be interested.
onetickin
Dubai Forums Frequenter
Posts: 117

  • Reply
Nov 04, 2007
cheap_Deal wrote:what if the buyer wants to get a loan from another bank?


Then the loan gets transferred to the other bank, the procedure is done by the buyer not the seller, its an easy procedure anyway..
hamadl
Dubai Forums Talker
User avatar
Posts: 192
Location: Dubai

  • Reply
Jan 21, 2008
is the transference procedure only availiable on car finance loans or can you do it with a personal loan.
DDastardly
Dubai Forums Member
Posts: 34

  • Reply
Jan 21, 2008
I don't think you can transfer a personal loan, but you don't have to pay it off when you sell the car either.

For selling, also try supermarket noticeboards.

Or go to a car dealer - you'll probably only get offered half what it's worth though.
bonk
Dubai Master of Thread Hijackers
User avatar
Posts: 1511
Location: Dubai Zoo

posting in Dubai AutoForum Rules

Return to Dubai Auto


cron