Transfer of Car Loan
Hi,
I hope someone can help us with this dilemma! There is a good chance my partner (we are not married) will be made redundant at the end of this month and will consequently lose her work visa and residency. As a British passport holder she will have no problem remaining in Dubai (with the odd visa run required), our problem is her car. I can pay the car loan (HSBC), but with no residency she won't be able to re-register the vehicle when it is due in May. Does anyone know if it is possible to transfer a car loan from one person to another in the UAE? Is there any other way around it? Cheers Steve Bradley |
Re: Transfer of Car Loan
Originally Posted by SteveBradley
(Post 7396282)
Hi,
I hope someone can help us with this dilemma! There is a good chance my partner (we are not married) will be made redundant at the end of this month and will consequently lose her work visa and residency. As a British passport holder she will have no problem remaining in Dubai (with the odd visa run required), our problem is her car. I can pay the car loan (HSBC), but with no residency she won't be able to re-register the vehicle when it is due in May. Does anyone know if it is possible to transfer a car loan from one person to another in the UAE? Is there any other way around it? Cheers Steve Bradley |
Re: Transfer of Car Loan
Thanks BlueCat!
We thought about that but were worried that the registration process actually checks the validity of the residency and would show cancellation!! Has anybody actually done this before? Cheers |
Re: Transfer of Car Loan
Originally Posted by SteveBradley
(Post 7396357)
Thanks BlueCat!
We thought about that but were worried that the registration process actually checks the validity of the residency and would show cancellation!! Has anybody actually done this before? Cheers |
Re: Transfer of Car Loan
Originally Posted by TGFKASE
(Post 7396436)
Have heard of quite a few people (before the crunch..) who, when they sold their cars, simply transferred the loan and re-registered it in the new persons names. Dont see a problem, especially when you tell them she has lost her job. They'll be relieved as heel that it wont be collecting sand at the airport...
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Re: Transfer of Car Loan
Originally Posted by deemi786
(Post 7396544)
what is the process for selling your car over here anyway, ive heard so many conflicting story's?
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Re: Transfer of Car Loan
Originally Posted by admon
(Post 7396556)
you sell the car for whatever you can and get paid?
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Re: Transfer of Car Loan
Originally Posted by deemi786
(Post 7396560)
yeah but what if you have financed the car? get someone to take over the finance payments and then register the car to them?
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Re: Transfer of Car Loan
Hi Guys,
Thanks for all this! I think officially transferring the loan to me and then re-registering in my name sounds the obvious and best option. Thanks for the help! Cheers |
Re: Transfer of Car Loan
Originally Posted by deemi786
(Post 7396560)
yeah but what if you have financed the car? get someone to take over the finance payments and then register the car to them?
|
Re: Transfer of Car Loan
Er I dont think you need to reregister the car on time.... i know a lot of people who have left their reregistration till 6 months+ past its due date.
|
Re: Transfer of Car Loan
Originally Posted by SteveBradley
(Post 7396609)
Hi Guys,
Thanks for all this! I think officially transferring the loan to me and then re-registering in my name sounds the obvious and best option. Thanks for the help! Cheers Any time, Steve....:thumbup: |
Re: Transfer of Car Loan
Originally Posted by AnotherWorld
(Post 7396654)
Er I dont think you need to reregister the car on time.... i know a lot of people who have left their reregistration till 6 months+ past its due date.
|
Re: Transfer of Car Loan
Originally Posted by AnotherWorld
(Post 7396654)
Er I dont think you need to reregister the car on time.... i know a lot of people who have left their reregistration till 6 months+ past its due date.
|
Re: Transfer of Car Loan
Originally Posted by lionheart
(Post 7396715)
Why do so many people on here show complete disrespect to the laws in this country?
...and this is a neverending opinion piece on every blog, forum and expat notice board on the internet. |
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