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Latest news from Qatar
All about unpaid CAR Loan?
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.
Answers
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| Mr.Blazer |
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If you don't want a profit from the car and just intend to leave why not turn the loan over in some interested buyer's name? In fact many expatriates turn over the loan outstanding in the name of the new buyer, and require some cash in hand too. If the car is a good make and model you can actually make money on it. Post the details in the classifieds in QL. Answered on Wed, 19/11/2008 - 8:47am
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| proposers |
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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 Answered on Wed, 19/11/2008 - 8:19am
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| a_smaydi |
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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! Answered on Wed, 19/11/2008 - 8:22am
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| DaRuDe |
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You need to visit your bank and check with their Vehicle loan dept. Answered on Wed, 19/11/2008 - 8:45am
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| donald_duc168 |
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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. Answered on Wed, 19/11/2008 - 9:43am
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| abohmaid |
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why Answered on Wed, 19/11/2008 - 9:47am
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