Leaving Qatar; what to do with the car under bank loan?
By sleepless in doha •
I have resigned with a 2-month notice period; kindly advice please on my options with a car bought last December 2006.
Took a bank loan to purchase the car. Can I just hand over the car to the bank; like all my monthly installments were rental payments?
TIA to the good and helpful people in QL :)
c",)
Thanks tt321, sent pm...
mate spoken to Charmed and as you have still 2 months to go this coincides with her run out date with her lease car.
We are more than happy to take over the payments for the Tucson, please PM me and we shall sort out the details between banks etc etc etc
As long as you dont crash the car in the 2 month interim period.
[img_assist|nid=13254|title=Spinning|desc=|link=none|align=left|width=139|height=180]
We came we saw we were Qatarized
Will speak with Charmed as we are looking for a car for her, the price is very good and maybe interested in taking over the payments will PM you and let you know.
[img_assist|nid=13254|title=Spinning|desc=|link=none|align=left|width=139|height=180]
We came we saw we were Qatarized
List price was 66k, but ended up to be around 80.6k for a 4-year loan; paying about 1.7k per month.
I'm working in Ras Laffan, that's why the around 2,750 kms/month.
Thank you for the inputs.
i don't think you can just hand it over to the bank.
you can find someone to take the car and take over the installments.
or can sell the car and use that money to repay the loan, although you might have to pay a little out of pocket depending on the market value of the car.
what kind of car is it? i am looking myself, and know a couple of people who are as well.
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"Even a stopped clock gives the right time twice a day." Withnail & I
on QL for someone to take over the payments, also put up flyers in local supermarkets stating the same.
I dont think the bank will take on the car though but worth a try I guess, by the way what type of car is it?
[img_assist|nid=13254|title=Spinning|desc=|link=none|align=left|width=139|height=180]
We came we saw we were Qatarized