I need to sell my car as I am leaving the country. My car hasn’t been paid off yet. I finance my car through Nissan not the bank. Assume the new owner will pay by monthly installment. Is it possible to transfer the loan to the new owner?
What are the alternatives?
Share to others or bookmark :
4 Comments
The buyer must secure their own financing. You cannot just have someone “take over the payments”.
The buyer must secure their own financing. You cannot just have someone “take over the payments
No. A loan is a contract between two parties (lender and buyer). They are not transferable.
Nope. You sell the car to someone, the seller gets his own loan and uses the money to pay you. you then use the money to pay off your loan.
Post a Comment