Comments on: Making Use Of The Malaysian Motor Insurance Pool https://driving-school.com.my/auto-insurance/malaysian-motor-insurance-pool/ Writings By a Driving Instructor With 40+ Years Teaching Experience Thu, 20 Sep 2012 14:30:31 +0000 hourly 1 By: Cikgu Yap https://driving-school.com.my/auto-insurance/malaysian-motor-insurance-pool/comment-page-1/#comment-32697 Thu, 13 Sep 2012 08:44:05 +0000 http://driving-school.com.my/?p=5056#comment-32697 In reply to Darren.

Your suggestion is correct. Arrange for bank to settle seller’s loans and pay seller the existing balance. In such cases, I assume bank would be in charge of transfer procedures.

]]> By: Darren https://driving-school.com.my/auto-insurance/malaysian-motor-insurance-pool/comment-page-1/#comment-32662 Tue, 11 Sep 2012 09:42:05 +0000 http://driving-school.com.my/?p=5056#comment-32662 Hi Cikgu Yap,

If one (A) want to sell a car which still under bank loan to an individual (B), B got the approved loan from Bank already. What is the next step for both seller and buyer ?

Is it the buyer’s bank need to settle to seller’s existing bank loan and pay all the remaining to the seller then only do transfer of ownership ?

Is the transfer of ownership to be done by buyer’s bank ?

Very much appreciate your advice on the process. Thanks in advance.

]]>