QUOTE(minde @ Jul 10 2010, 09:47 PM)
Hi , I'm in the middle of selling of my car to someone . The car is registered to my dad's company and the seller is a private individual . Can anyone advise me the normal procedure and what should I take notice to avoid being conned ? I'm new to this .
What documents do I need for a transfer from company to private name ? Thanks
taken from source : http://bbs.lelong.com.my/bbs/showthread.php?t=35154
below are the content..easy reference
For those who's interested to sell their car personally or trade in or sell to 2nd hand dealer, i hope this info might give you some direction on the process to sell your car...
General JPJ transfer car ownership. (both owner/buyer must be there)
1. Get the forms ready for transfer. You can download the forms from JPJ website. Forms you need as follow: JPJK3, TM-1, TM-AB (photocopy both buyer/seller IC).
2. After form complete, just go to JPJ and submit all the forms together with car original registration card and also new buyer insurance cover note.
3. Pay RM100 (you can buy postal order from JPJ itself).
4. Wait for the transfer name to complete and collect back the transferred ownership of car registration card.
When selling a car directly to buyer/bank loan:
1. Buyer/seller need to be at the bank with the car registration document in order to apply the loan. If buyer is from outstation, then seller need to fax over the car registration.
2. Upon approval, the bank will issue an undertaking letter and after that the seller need to transfer the car ownership to the buyer's name.
3. Upon completion, bank will release the fund to the seller.
4. Any additional fees in loan/transfer ownership shall be paid by buyer. hehe...
When selling a car to 2nd hand car dealer:
1. Owner/2nd hand car dealer agree on the price.
2. 2nd hand car dealer pays the owner a downpayment fee. At the same time, provide information on selling price + downpayment + balance. For my case, it was just written on a white piece of paper with my IC photocopied and also the car number written down. Owner at this time hand over the car but keep the registration document (geran).
3. Seller and 2nd hand car dealer meet up at JPJ to complete "penyaksian pengesahan identiti pemunya berdaftar". This is for JPJ to certify that the actual owner of the car agree on the sales. I heard this need to be done so the car can proceed for inspection as well.
4. After JPJ process completed, owner handover the registration document of the car to the 2nd hand dealer and at the same time owner received bank draft cheque for payment of remaining balance owed. You can arrange with dealer to get cash or direct deposit to savings acc etc, at your own arrangement. But before that I was offered a personal cheque which i declined to be on the safe side.
5. For final precaution, I prepared a letter of indemnity for the 2nd hand car dealer to sign, which they duly obliged.
This is as far as i can remember for the whole process and i hope the cheque doesn't bounced... but should be ok since it's a bank draft and not a personal cheque.
Sample for Indemnity Letter. You may change/edit accordingly.
Date: (insert date here)
(Buyer/2nd hand dealer name)
Dear (Owner's name here),
Letter of Indemnity
This is to acknowledge that you, (Owner's name, IC No.), have already handed over the posession of your car to us at (insert date here).
Car No Plate:
We hereby undertake and agree to indemnity you in full against all consequences, liabilities of any kind whatsoever directly aarising from or relating to the car.
(2nd hand dealer name)
Hope the information above will be useful to some of you because i went through a bit of hassle cause no guide to follow previously...