transfer onwership under finance

Enter into a Hire purchase agreement, and with a condition that the amount should be credited to your existing loan account with the bank, and all responsibilities from that date as an owner should be taken by him.

(  Contact a local advocate and study such possibility though it is illegal to transfer a vehicle when the vehicle is under finance and unless the vehicle is transferred, the other purchaser may not be responsible for the losses through the vehicle  IIn case of accidents to vehicle, self and to the third party).  It is highly risky and not legally proper as you have to take the responsibility to the third party in case of accidents.)