Leaving Qatar; what to do with the car under bank loan?

sleepless in doha
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 :)

By spyro• 29 Jun 2007 18:09
spyro

c",)

By sleepless in doha• 21 Jun 2007 18:48
sleepless in doha

Thanks tt321, sent pm...

By the truth 321• 21 Jun 2007 18:28
the truth 321

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

By the truth 321• 21 Jun 2007 18:12
the truth 321

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

By sleepless in doha• 21 Jun 2007 18:08
sleepless in doha

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.

By Withnail• 21 Jun 2007 17:59
Withnail

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.

___________________________________________

"Even a stopped clock gives the right time twice a day." Withnail & I

By the truth 321• 21 Jun 2007 17:59
the truth 321

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

Log in or register to post comments

More from Qatar Living

Qatar’s top beaches for water sports thrills

Qatar’s top beaches for water sports thrills

Let's dive into the best beaches in Qatar, where you can have a blast with water activities, sports and all around fun times.
Most Useful Apps In Qatar - Part Two

Most Useful Apps In Qatar - Part Two

This guide brings you the top apps that will simplify the use of government services in Qatar.
Most Useful Apps In Qatar - Part One

Most Useful Apps In Qatar - Part One

this guide presents the top must-have Qatar-based apps to help you navigate, dine, explore, access government services, and more in the country.
Winter is coming – Qatar’s seasonal adventures await!

Winter is coming – Qatar’s seasonal adventures await!

Qatar's winter months are brimming with unmissable experiences, from the AFC Asian Cup 2023 to the World Aquatics Championships Doha 2024 and a variety of outdoor adventures and cultural delights.
7 Days of Fun: One-Week Activity Plan for Kids

7 Days of Fun: One-Week Activity Plan for Kids

Stuck with a week-long holiday and bored kids? We've got a one week activity plan for fun, learning, and lasting memories.
Wallet-friendly Mango Sticky Rice restaurants that are delightful on a budget

Wallet-friendly Mango Sticky Rice restaurants that are delightful on a budget

Fasten your seatbelts and get ready for a sweet escape into the world of budget-friendly Mango Sticky Rice that's sure to satisfy both your cravings and your budget!
Places to enjoy Mango Sticky Rice in  high-end elegance

Places to enjoy Mango Sticky Rice in high-end elegance

Delve into a world of culinary luxury as we explore the upmarket hotels and fine dining restaurants serving exquisite Mango Sticky Rice.
Where to celebrate World Vegan Day in Qatar

Where to celebrate World Vegan Day in Qatar

Celebrate World Vegan Day with our list of vegan food outlets offering an array of delectable options, spanning from colorful salads to savory shawarma and indulgent desserts.