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> Buying Car procedure?

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TSunemployed
post Jun 6 2011, 01:15 PM, updated 11y ago

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Joined: Jul 2009
Whats the procedure of buying a car?

What i know is

1. booking
2. SA help to apply for loan


When do we pay for downpayment ?
when to sign the Hire Purchase Agreement?
What to check before pay for DP ?
What details to check before sign the HP agreement?
How and when i can check the chassis no and the engine no?

What is LOU? Letter of Undertaking?
Do you crossed your copies of your IC when giving to SA to apply loan? How did we cross it?

Please Help please!



TSunemployed
post Jun 6 2011, 03:39 PM

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QUOTE(kenji1903 @ Jun 6 2011, 01:25 PM)
for my case...
1. find an SA
2. go to showroom, meet up, ask for discounts and promo
3. everything ok, pay partial/full downpayment (i paid partial)
4. give 3 months payslip and photocopy IC (ask SA to strike)
5. bank will contact you and do verification, a lot of questions...
6. few days later, bank will call saying loan approved/not
7. SA will call to notify you on your allocation and tentative delivery date
8. choose a number plate
9. SA will give you your loan docs to sign, pay remaining downpayment if not, give 2nd driver for insurance if needed
10. wait for car...
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why paying dp so early?

I heard ppl paying DP when the car chassis no and engine no is ready and sign HP, proceed to registeration.
TSunemployed
post Jun 6 2011, 04:08 PM

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QUOTE(overfloe @ Jun 6 2011, 03:55 PM)
1. Book
2. Apply loan
3. If loan approved, sign doc etc
4. Pay d/p
4a. You may give your number plate doc if you buy your own
5. Wait for car & registration at JPJ
6. After registration complete, check condition before sign doc
7. If car is ok, sign doc, key handover etc.
8. Drive home

only pay d/p after your loan has been approved. otherwise, SA might give a lot of excuses to give back ur money if loan not approved.
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What doc to sign after registeration completed? Order Delivery form is it?

If SA say chassis no and engine no is ready, then only we go sign the HP agreement by checking the chassis no and engine no match in the HP document right?


 

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