Hi, got a question

I actually am going to buy a 2nd car from a sale agent, and so he told me that, once the car everything settle, inspection is done, b5 report is out, and transfer the name to me everything, the car road tax and insurance must be change to a new one, cannot use the existing one, they say it's a rule applied by JPJ, how true is this?

Hi all sifu,

This is my scenario:

My car still under finance with ambank. There is a direct buyer wish to purchase my car via bank loan.

But after asking few banks, they said didnt provide finance for direct seller car which is still under loan.

So now some banker told me one of the way is ask the buyer go back to ambank to get his loan.

My question: 
1) Why no bank wanted to even take his loan application?
2) if he try to loan at ambank, the same bank as my current financier, is it confirm they will accept his application (subject to approval for sure).
3) will the buyer know how much my loan amount due to ambank now.? As i wish to keep my loan balance P&C..

Plz advise .

If your buyer used the same bank as yr current loan bank, you just need to go to the buyer branch then do a myeg thumbprint. Then you need to go yr home branch get your original grant for puspakom inspection and get B5 and B7. Then pass to buyer's branch. They will then call you to topup if buyer's loan is insufficient to settle yr loan. Then everything just wait for them to setoff your loan!