asked about Sell Car

about 8 years ago

Can i transfer my car loan to my friend who is going to buy over my car?

4,900 Views 1 Answer

How can we
assist you?

1 Answer

0
Damian

Nope, you are unable to do any transfer of the car loan to any individual.

If you are intending to sell your car to your friend, there are a couple of solutions you can do it. The most straightforward way is to pay up the remaining amount of the loan in full, while your friend take up another loan if he require.

Do take note that early repayment may result in an interest result that is calculated based on the "Rule of 78" formula. Early repayment may also result in penalties or fees.

Reply

about 8 years ago