How to transfer car finance in Ontario?

Hey everyone, I currently own a 2017 Hyundai Elantra in Ontario and I’m looking to transfer the finance to someone else. I’m paying $194 CAD biweekly, and there are 4 years left on the finance agreement.

Has anyone gone through the process of transferring a car loan in Ontario? How does it work, and what are the steps involved? Are there any fees or credit checks required for the person taking over the finance?

I’m mainly looking for someone to take over the remaining payments and ownership. Any advice, tips, or things to watch out for would be really helpful!

Thanks in advance!