Comments on: Regulating The Process Of Vehicle Repossessing In Malaysia https://driving-school.com.my/driving-in-malaysia/regulating-process-of-vehicle-repossessing/ Writings By a Driving Instructor With 40+ Years Teaching Experience Fri, 21 Sep 2012 12:29:28 +0000 hourly 1 By: Cikgu Yap https://driving-school.com.my/driving-in-malaysia/regulating-process-of-vehicle-repossessing/comment-page-1/#comment-14971 Sun, 22 May 2011 00:25:19 +0000 http://driving-school.com.my/?p=3498#comment-14971 In reply to Michael.

Your opinion is indeed correct. Irresponsible loaners will prevent other loaners the opportunity to get a loan, especially from banks and other financial companies.

]]> By: Michael https://driving-school.com.my/driving-in-malaysia/regulating-process-of-vehicle-repossessing/comment-page-1/#comment-14885 Wed, 18 May 2011 22:33:36 +0000 http://driving-school.com.my/?p=3498#comment-14885 Malaysia is one the few countries in Asia where people feel they can violate the law and yet claim to be victims. This and many other reasons is simply why Malaysia can never achieve the status of a developed nation. Defaulting on a loan is a very serious offense that should not be encouraged by irresponsible laws that bind the hands of vehicle dealers, and repossession companies.

Imagine a situation of what 3 million loan defaulters will do to any bank’s ability to give future loans to worthy customers who deserve to be given a loan just because of the irresponsible behavior of the 3 million defaulters.

The global financial crisis is a stark reminder of the ramifications of the domino effect of how loan defaulters can wreck havoc to any economy.

Politicians on their part need to be more responsible and stop cat and mouse game they play with their electorate by pretending to be protecting them against irresponsible behavior.

If you take a loan you are required to fulfill your obligations based on the agreement made between the receiver and the loan facilitator. There should be zero tolerance of any kind for defaulters.

]]> By: Cikgu Yap https://driving-school.com.my/driving-in-malaysia/regulating-process-of-vehicle-repossessing/comment-page-1/#comment-7481 Mon, 08 Nov 2010 07:54:32 +0000 http://driving-school.com.my/?p=3498#comment-7481 In reply to Chester.

Normally, inspection and transfer ownership borne by buyer. Read the following article for more information ==>How To Transfer Vehicle Ownership In Malaysia

]]> By: Chester https://driving-school.com.my/driving-in-malaysia/regulating-process-of-vehicle-repossessing/comment-page-1/#comment-7428 Sat, 06 Nov 2010 14:16:28 +0000 http://driving-school.com.my/?p=3498#comment-7428 Im abt to sell my car to a person and it’s in the midst of applying loan to finance the car. What should i do next? There are few questions here:

-Normally who should pay for all the fees from inspection till the transfer of ownership?
-Who should arrange for the transfer of ownership?

Pls guide me throughly step-by-step what to do. Your help will be highly appreciated.

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