Hi Expats,
I have a question , i bought a car with a car loan from ANB Bank, since am going for a final exit, I tried to move my car loan to my friend who is interested to buy my car, but when I enquired the bank they said he need to pay the down payment of 7000 SAR again to transfer on his name (treating as a new car loan)?
Is it true?
I heard only there will be a transaction fees of 1500-2000 SAR only.
But the bank guy is telling like this.
Is this correct?
Any help or experience like this