Loaning a car to a family member

Not loaning a car to a family member opinion already

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Abc Large. Getty Images The used car buyer's loan eligibility is scrutinised as per the loaning a car to a family member norm. What if you want to sell your car but haven't finished paying off the loan taken to buy it. There's a solution. Banks give an option to transfer a car loan to another person in a situation where you are transferring the ownership of the vehicle as well. Although there is an option to transfer your car loan, however the process is not easy.

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