roulax Posted December 27, 2017 Share Posted December 27, 2017 Hello Everyone, I just purchased last month a new HONDA car with a financing (from KasikornBank Leasing) over 4 years, and 2 weeks later time my company just informed me that I will be entitled to get a compnay car starting from next year... Bad timing ... so I have to sell that new car that I just bought (and probably loose a few hundred thousands)... Anyhow, my question is: how does it work in regards to that financing if I want to sell the car? Can that financing contract be transfered? Anyone with experience could share what's the best to do to avoid loosing too much money? The car and credit financing contract are both in my name Thanks ! Link to comment Share on other sites More sharing options...
Crash999 Posted January 5, 2018 Share Posted January 5, 2018 Yes the financing can be transferred to the buyer. It's actually a fairly straightforward process. They need to be approved by the financing company then the buyer pays you some cash (assuming you have some equity) and you go with the buyer to the financing company to complete the paperwork. As another option maybe you can negotiate with your company to provide you an amount in cash instead of the company car. Link to comment Share on other sites More sharing options...
MrJ Posted January 5, 2018 Share Posted January 5, 2018 2 hours ago, Crash999 said: 2 hours ago, Crash999 said: As another option maybe you can negotiate with your company to provide you an amount in cash instead of the company car. yes - ask for a montly transport allowance, this should cover your finance and after 4 years the car is yours and you still get the allowance I choose that option with my company instead of the rental car Link to comment Share on other sites More sharing options...
speedtripler Posted January 5, 2018 Share Posted January 5, 2018 Which Honda car did you buy? Link to comment Share on other sites More sharing options...
MrJ Posted January 6, 2018 Share Posted January 6, 2018 CRV 2.4 2WD Link to comment Share on other sites More sharing options...
roulax Posted January 8, 2018 Author Share Posted January 8, 2018 Thanks for the replies - I am checking with my company to replace and get an allowance. I bought an Honda CRV 2.4 4WD - Excellent car. Link to comment Share on other sites More sharing options...
speedtripler Posted January 10, 2018 Share Posted January 10, 2018 On 06/01/2018 at 10:44 AM, MrJ said: CRV 2.4 2WD Not my cup of tea but I'm sure you will have no trouble finding someone who wants one.. They seem to be v popular Link to comment Share on other sites More sharing options...
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