Returning leased car to the bank

mo_ka wrote:

I have leased a Kia cerato from ANB, I am going on final exit soon, will ANB take the car back? I am having difficulty selling the car
Does anyone know the procedure

You could surrender it to the bank but they will ask huge money from you. An amount which I can't even imagine I could produce (on my part). You are right, it's hard to sell car nowadays. What I did,  I offered the buyer that I will shoulder the down payment in which the buyer should have to pay. So instead of gaining profit from my car, I lost almost 5k riyals for the down payment and administrative fee. Only the bank gained profit.

Go to ANB and tell them you will find someone to continue the payment. They will recompute the car as how much the down payment, monthly payment and how long the lease will be.

Be prepared to wait for a very long time. Been waiting for more than a month now.

Asalam o alaikom,

how much you want to sell your car?

If its ok with you then you can send me pictures & price as well as i am in need of a vehical.

Thank you.

As salaamu alaikum

Firstly I am in Jeddah not Riyadh
The monthly payments are 1045
I have paid for 10 months
The deposit is 3000