Transfer of Car Loan

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Mar 19th 2009, 10:13 am

#16

AnotherWorld

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Re: Transfer of Car Loan

I need to clear my car loan but the guy buying my car doesnt want to carry around 90 000 dhs cash. Can anyone suggest the best way to clear the loan immediately without exposing the guy financially for a day or more (IE No cash/no car) and not having him carry 90 000 dhs cash around?

Mar 19th 2009, 10:20 am

#17

TGFKASE

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Re: Transfer of Car Loan

Quote:

Originally Posted by AnotherWorld

Without leaving yourself exposed, no.. Would you hand the keys over without cleared funds?

Mar 19th 2009, 10:26 am

#18

AnotherWorld

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Re: Transfer of Car Loan

Quote:

Originally Posted by TGFKASE

Without leaving yourself exposed, no.. Would you hand the keys over without cleared funds?

I mean i want him to clear the loan then with the clearance letter in hand ill give him the keys and we go to the police station. but he doesnt wanna carry around 90 000 cash...

Mar 19th 2009, 10:30 am

#19

TGFKASE

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Re: Transfer of Car Loan

Quote:

Originally Posted by AnotherWorld

I mean i want him to clear the loan then with the clearance letter in hand ill give him the keys and we go to the police station. but he doesnt wanna carry around 90 000 cash...

Well, if he provides a bank cheque (do they do Bankers Drafts over here?) to your lender, it should be as good as, yeah?

Mar 19th 2009, 12:24 pm

#20

busybee2

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Re: Transfer of Car Loan

cash cheque bankers draft, or go with him to bank account to see the funds etc.

Mar 19th 2009, 1:15 pm

#21

Blue Cat

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Re: Transfer of Car Loan

Quote:

Originally Posted by AnotherWorld

I mean i want him to clear the loan then with the clearance letter in hand ill give him the keys and we go to the police station. but he doesnt wanna carry around 90 000 cash...

why you going to go to the Police station?

Mar 19th 2009, 1:20 pm

#22

busybee2

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Re: Transfer of Car Loan

maybe thats where all the "11" cars are parked now

Mar 19th 2009, 2:02 pm

#23

Ethos83

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Re: Transfer of Car Loan

Because a lot of the laws in this country show complete disrespect to the people who live here?

Quote:

Originally Posted by lionheart

Why do so many people on here show complete disrespect to the laws in this country?

Mar 19th 2009, 2:22 pm

#24

AnotherWorld

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Re: Transfer of Car Loan

Quote:

Originally Posted by Blue Cat

why you going to go to the Police station?

Well the rego place..

Yeah ill see if he can get the bank cheque and confirm that the bank can use it to provide a clearance letter on the spot.

Mar 19th 2009, 5:52 pm

#25

Tockalosh

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Re: Transfer of Car Loan

Dont hold your breath for a clearence letter issued on the spot as soon as the loan is cleared
Emirates say it takes them 7 days to issue a clearance letter from their dubai office
My original buyer on the car walked out of the branch at this point and the sale was kallas

Best check with your bank before it goes pear shaped