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Learn everything about the car loan transfer

Are you planning to sell your financed vehicle? You must first learn about a car loan transfer.<br><br>https://www.herofincorp.com/blog/car-loan-transfer

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Learn everything about the car loan transfer

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  1. Learn everything about the car loan transfer 01

  2. Understanding car loan transfer • It means transferring the existing car loan balance to a new lender.

  3. Car loan balance vs Car loan transfer Balance transfer means moving your outstanding debt to a different lender for a better interest rate.  Loan transfer occurs when you sell your financed vehicle and transfer the outstanding debt to the new owner. 03

  4. Car loan transfer process • Transfer the insurance documents  • Look over the loan contract. • Find the borrower • Verify the legitimacy of the purchaser • Transfer the car's registration certificate  04

  5. Things to consider when buying a financed used car • Avoid a deal if the car is in a poor running condition • Verify the borrower's history of timely repayment. •  Avoid recently financed vehicles because the EMI will include more interest than the principal. 05

  6. Finding a buyer with a solid credit history and respectable income makes transferring a car loan considerably simpler.  06

  7. Thanks! Would Love to hear from you. Hero Fincorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel : 18001024145 Email : customer.care@herofincorp.com Website :https://www.herofincorp.com/ • Know More : https://www.herofincorp.com/blog/car-loan-transfer

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