If I want to sell my car but the rear window itself is original black from japan recon car, do we need to change it to clear rear windscreen?

hi Bros, i wantto ask about the procedure how u all sell the car yourself. it's regarding the payment part between the buyer n seller. when do you get the full payment from the buyer? before u go jpj transfer name or after? how about the buyer if he wants to take bank loan? how do we go about it? anyone have experience can shed some light?

last time my experience is cincai n based on trust.
1. i post on mudah, buyer come test drive.
2. buyer ok n pay the deposit. but i dont have any receipts or document. buyer is good n trust us with the deposit.(but if i am on buyer side i wont pay lo cause worried seller will disappear)
3. get all the jpj n puspakom forms let new buyer sign. ask for balance before tranfer name. this round buyer not willing to pay say after transfer only pay. (we understand their concern but we also worried after transfer they dont pay. we go ahead n transfer based on trust)
4. after transfer deliver car to buyer house. buyer pay full in cash. thank god whole process everyone is good ppl.

but this world is full of conman either seller or buyer. i am just wondering what is the correct procedure if we dont really trust each other n make sure this transaction safe for both party? what are the procedure if buyer is taking loan frm bank? really hope someone can clarify

Yes. I'm also wondering if the buyer takes loan to purchase your car. What about if seller also have outstanding bank loan??

Any sifu like to comment?

Just done transfer car ownership without runner in this morning. Below is the procedure (no loan involved).

1. Call to Puspakom to book the date for inspection.
2. Obtain B5 form after pass inspection (Cost RM30), please remember to bring car cert together.It is better for seller to bring the car for inspection. If not, need to prepare referral letter.
3. Seller and buyer go to JPJ together with car cert, B5 form, one photocopy IC from seller, one photocopy IC from buyer & ROADTAX
4. Seller need to fill up terminate ROADTAX form.
5. Seller & buyer need to fill up JPJK3 & TM-AB form.
6. Buyer need to fill up TM-1 form.
7. Wait for your turn and pass all the form together and road tax. Cost is RM100 for transfer name.
8. After done the name transfer, buyer need buy the car insurance.
9. Buyer pay the new road tax after car insurance issued.

This post has been edited by khorheong: Oct 9 2013, 02:59 PM

Hey guys. Please do help me out here. I'm buying a car and the seller and I are to meet at jpj tomorrow at 9am.
What I don't understand is the role of the buyer.
What do I need to do and prepare? And do I need to go to PUSPAKOM? It's my first time doing it, so a few pointers would be helpful.
Thanks in advance!
Edit: Oh, and how about the insurance? Where do I get it and when do I get it. After or before the ownership transfer? A lil confused. And how much is the 1st party insurance. tq

This post has been edited by LaiFany: Oct 9 2013, 04:30 PM

ok i have a case here.
Am buying a 2nd hand car from direct owner.

car priced at Rm46500 and Loaning 27k from the bank.

that is RM19500 balance which i need to pay to the car seller?

Im abit worried if its safe to just give him the money..

any idea guys?

fyi seller's car is still on loan..

(well actually same concern with the few questions above me)

This post has been edited by nig3l: Oct 14 2013, 10:20 AM

Anyone care to enlighten here

The new rule now is that seller cannot accept deposit i.e. the RM19,500. Buyer will need to buy bank draft and hand it over to the loan processing officer. Bank will issue one lump sum cheque to the seller.

As for the loan...I'm not too sure either. I sold my car without any loan balance

***double entry...deleted****

This post has been edited by summeracres: Oct 23 2013, 09:39 AM

yes that's right.
my transaction proceed on without any deposit / cash given to the seller..

everything has to be given to the bank.

any extra amount out of the entire amount given will then be credited back to seller's account.

Yes. Glad you managed to get around it

Basically, if the buyer take loan, and let say if you still owe bank with car loan, then either one of the bank will act like the middle man, inform them how much is the car, and after deduct your loan balance, the bank will return it back to you. that was my experience, hope it helps

Just to add on my experience, i did my change of ownership yesterday. Went to the maju junction after lunch n they can tell u "nombor habis". Immediately went to the wangsa maju outlet n managed to get it done over there.

Summary, its quite a straight forward process but do remember to bring only few things over as u can get the forms there at JPJ:
- Puspakom cert.
- make sure u buy ur insurans edi (its shown online n u need not bring a copy).
- cash RM100 for passenger cars.

Have a good day!!

Hi I'm new here in Malaysia and i want to ask about insurance.

I think before going to JPJ we need to secure the insurance already right?

if so how do you do that? do you just bring the grant or certificate of ownership to the bank or insurance agent?

do you also then pay the road tax with the insurance?

what insurance company do you recommend?

thanks for your inputs.

anyone knows what is the latest car reg number in JPJ?

I've been reading many posts and news, so I just like to get some confirmation before dedicating time to get the ownership transfer errand settled. I want to transfer from my father-in-law's to my wife's name.

1) Someone stated that during Puspakom inspection, it's best to have the original owner bringing the vehicle, else you have to cook up some referral letter? I think Puspakom doesn't really care about this, as long as you have the grant. That means I can just do this by myself, by having both the car and grant. Correct?

2) For someone who has successfully done an inspection at Puspakom Wangsa Maju recently. Can I call say today for booking, and expect to get one in two days time? In short - just want to get some feel on the 'lead time' for Wangsa Maju Puspakom.

3) Say it is the day of the appoinment / booking at Puspakom Wangsa Maju. How early is early enough, to be among the first in queue? Be there 6 am?

4) My wife and father in law will not be around. Effectively, I am the runner. Is this possible? I guess I need to get TM-AB form done for both? Anything else?

5) I need to buy insurance first, and then go to JPJ to initiate the transfer. Correct? I can just do this at any post office right? I'm staggering the inspection, insurance and transfer to different days so that I could skip taking leave.

6) With the latest MySikap system and its issues, how bad is the experience going to be, or is it ok now?

Right now still able to do the "runner" thing till 2014.. Booking wise, u call n see what they say, normally bout few days after ur call that u will get the inspection done..

O, do refer to my post above as its really that straightforward.. yes. those forms u mentioned are enough edi, but provided JPJ dont last minute change its requirement.

Its really easy for now before the full throtle of my-sikap kicks in but do bear with some bugs of the system for now...

Worse come to worse, just bring all the necessary things there n ask the ppl there, those seasoned runners will be happy to help as every1 is bored waiting..

This post has been edited by tangtang22: Nov 18 2013, 09:06 AM

thanks man... it seems like i just need to do the inspection, and my father in law will take care of the title transfer in the home state.... phew...

anyway, called puspakom, and they do prefer some referral letter + copy of owner ic, along with the grant, when bringing the car, if you're not the owner.

Hello guys,

I have a question, I'm quite new in this. Let's say if the buyer still has a sum of outstanding balance with the bank and he is selling me the car at a lower price from the outstanding. Should owner settle the outstanding first and only then I apply for the loan or ?????

What are the steps needs to be taken. Really lost.

Would appreciate if anyone can assist me on this.

I'll be trading in my car to Honda (still with loan) and will be purchasing another car (loan approved).

the question I have here is the car I'm trading in will be sold to another 2nd hand dealership, whom my SA told me that they will pay to Honda directly and Honda will then settle the outstanding loan for me. So how will I know if the 2nd hand dealer will pay to Honda, and Honda for settling my outstanding loan amount? anything i should be wary off from this arrangement? (i will be handing over my car on wednesday & I have the car registration card with me)

I'll be transferring the existing number plate to the new car

This post has been edited by psyeo: Nov 25 2013, 01:24 PM