Seller Loan settled; Cash Buyer


STEP 1:
PUSPAKOM - Test Car
B5 Form
Remove Tinted
Inspection Fee: RM30

STEP 2:
Commissioners of oath - SUMPAH
Chop & Sign
Both Seller and Buyer
Sumpah for Buyer: http://portal.jpj.gov.my/c/document_librar...c&groupId=10157
Sumpah for Seller: http://portal.jpj.gov.my/c/document_librar...6&groupId=10157


STEP 3:
Seller to call insurance request for NCD transfer
Insurance Company will send statement to seller

STEP 4:
Buyer buy new insurance

STEP 5:
JPJ
Car Geran
2 x K3 Form
2 x Sumpah paper (Both seller and buyer)
2 x Photocopy of IC for Buyer and seller
Photocopy of Insurance Policy
PUSPAKOM Test Paper
Fee: RM150
K3: http://portal.jpj.gov.my/c/document_librar...d&groupId=10157

===============================================================

This is my research, I have some confusion with highlighted statement

1. How can new buyer buy insurance without engine chassis number?
Do I need to provide to the new buyer?

2. When go to JPJ counter, need to cancel roadtax, which insurance policy i need to show them?

3. When do I need to cancel my existing insurance? After ownership transfer or before?

4. Where to go Sumpah? JPJ has the service?

This post has been edited by Sylph818: Sep 1 2014, 01:09 PM

[quote=youngman28,Sep 1 2014, 02:12 PM]
This is my research, I have some confusion with highlighted statement

1. How can new buyer buy insurance without engine chassis number?
Do I need to provide to the new buyer
Yes, u need provide new buyer the photocopy of car reg card

2. When go to JPJ counter, need to cancel roadtax, which insurance policy i need to show them?
Existing insurance

3. When do I need to cancel my existing insurance? After ownership transfer or before?
Before and after also ok, or u can call yr insurance co to cancel it after change of ownership

4.Currently, the part of sumpah letter had been discontinue, both the seller and buyer need attend during name transfer. If the seller not able to attend, they need to go to nearest jpj branch to sign-up a document with yrs ic and biometrix thumprint, then you will issue a note/slip called" surat perjanjian jual beli kereta" which have the detail on seller/buyer name, ic no, and also the car reg no, this note/slip will be valid for 7 days. After that, u can bring buyer to do the name transfer.( i just do my name tansfer last week)
4. Where to go Sumpah? JPJ has the service?

[/quote]

[/quote]
so no need sumpah anymore?
that's great!
I heard that new insurance only can purchase after the road tax has been cancel, is that true?
thank you!

This post has been edited by Sylph818: Sep 1 2014, 02:15 PM

[quote=youngman28,Sep 1 2014, 02:27 PM]
so no need sumpah anymore?
that's great!
I heard that new insurance only can purchase after the road tax has been cancel, is that true?
thank you!

[/quote]

For my case, no, they allow buyer to use my existing r
/tax, but buyer need come with their own insurance.

[/quote]

Hi,

thank you for ur reply
one more thing to ask
I found that under K3 form, it is require to fill insurance company name and the policy number for new owner
is that means that new owner need to buy insurance first before change ownership？

I have completed tukar milik kenderaan today successfully
thanks all for the guidance

i did puspakom and go jpj to change ownership on the same day

share my exp

condition
owner loan cleared and geren stated hak milik bank dibatalkan
new buyer buy with cash


step 1
provide photocopy of geren for your buyer to buy insurance

step 2
inform your buyer prepare the following items:

1. photocopy of ic
2. buy insurance insurance
3. payment (i request for bank draft)

step 3
call up your buyer to make a date of deal at jpj (2.30pm) then place booking for puspakom at the same day (early morning 8am)

step 4
call to remind ur buyer a day before and ensure he has prepare the items needed

step 5
remove tinted and all illegal items from ur car such as HID or illegal number plate
move all your personal belongings from the car, prepare spare key

step 6
go to puspakom and make sure u get LULUS. RM30 is charged

step 7
meet ur buyer at jpj, collect all documents and register at counter, get form K3 and nombor giliran

step 8
fill up form K3 by owner and buyer, signature is required.

step 9
submit all the documents at the counter
scan thumb print for both owner and buyer
new name printed on geren
pay RM100
DONE

step 10
get payment from buyer, handover the key

after that, call your insurance agent to cancel insurance and transfer ncd to new car

u can call to puspakom ask abt this