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Change Of Ownership Without Runner Procedure, D.I.Y / Runner / Home Appointment
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coconutzz
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 Sep 11 2017, 07:42 PM
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Hi I have some questions :
1) buyer agrees to buy in cash
2) car still with outstanding with bank
a)Do I proceed to settle with bank first or puspakom first?
b) assuming buyer agrees to buy , I collect a non refundable deposit, then I settle bank loan and then to jpj to change name ... then only collect full payment from buyer?
C) if buyer pays with cheque, I'll need to wait for the cheque to clear first before handling over the keys? Wouldn't the buyer be worried if cheque cleared and car is notwhere to be seen?
What's the best practices ya
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coconutzz
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Sep 11 2017, 09:02 PM
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QUOTE(Chrix @ Sep 11 2017, 08:46 PM) a) you can get the puspakom inspection done first, no issue, its only the validity period that may expire IF the buyer flakes. b & c) [once u have the ebatal] if cash, just count it when both are at JPJ (discrete la ofcourse), if cheque, it should be bankers cheque, as way less to zero chances of bouncing, as the buyer has paid the full amount to the bank in order to get the cheque. As precaution, while waiting for cheque amount to clear, the owner may take the registration card with his name on it, while you (the ex-owner) keep the car & only send it to him once you see the cash in your account. Just make sure there is black & while on this agreement to prevent any miscommunication/hassle. Thanks bro |
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