Comments on: 7 Things To Consider When Buying A Used Car In Malaysia https://driving-school.com.my/auto-insurance/7-things-to-consider-when-buying-a-used-car/ Writings By a Driving Instructor With 40+ Years Teaching Experience Wed, 13 Jun 2012 15:48:17 +0000 hourly 1 By: Cikgu Yap https://driving-school.com.my/auto-insurance/7-things-to-consider-when-buying-a-used-car/comment-page-1/#comment-30064 Wed, 13 Jun 2012 15:48:17 +0000 http://driving-school.com.my/?p=4029#comment-30064 In reply to Melvin.

It all depends upon the type of agreement you have made with the car agent. There is not much you can do now. It’s a little too late. Full payment, as you said has already been made.

]]> By: Melvin https://driving-school.com.my/auto-insurance/7-things-to-consider-when-buying-a-used-car/comment-page-1/#comment-29989 Tue, 12 Jun 2012 02:46:26 +0000 http://driving-school.com.my/?p=4029#comment-29989 I’m trying to buy a car off a company directly. I now already have the loan approved and the car inspection done. My bank has also already settled all
Outstanding loans with the seller’s bank. Now pending is the transfer of ownership which I was told may take longer since its a company car. My question is really when is the most appropriate time for the seller to pass me the car?? They are requesting the bank fully pays up the full sum before releasing the car. I feel that I’m getting the short end of the stick here since I have no visibility of the vehicle and not sure what is the condition of the car since I last saw it a month ago. Please help advise

]]> By: Cikgu Yap https://driving-school.com.my/auto-insurance/7-things-to-consider-when-buying-a-used-car/comment-page-1/#comment-25421 Wed, 11 Jan 2012 08:14:18 +0000 http://driving-school.com.my/?p=4029#comment-25421 In reply to Liew.

My son sold his car to a used car dealer recently. If there is no bank outstanding loan, the process is quite simple. When you’ve agreed on a selling price, the used car dealer will issue a cheque to you. In addition, there is also a Letter Of Sale which both you and the used car dealer has to sign. After that, you hand over your car registration card.

The car registration ownership will not be changed immediately. In case you get a traffic summons note after the date you sold the car, you can use the Letter Of Sale as the supporting prove that you’ve already sold your car. The police will then transfer the summons to the used car dealer.

]]> By: Liew https://driving-school.com.my/auto-insurance/7-things-to-consider-when-buying-a-used-car/comment-page-1/#comment-25420 Wed, 11 Jan 2012 08:07:37 +0000 http://driving-school.com.my/?p=4029#comment-25420 How is the selling procedure to a used car dealer be done correctly? Would there be additional forms involved?

I hv decided to sell off my car to a 2nd hand car dealer. My car was bought without any loans involved. Hence, i assume that my transfer of ownership to the 2nd hand car dealer will be easier? Please advise…

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