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)

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.

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?

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.

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

If i sell my car - do i have to pay for insurance for another party? or does he/she need to buy that insurance?

Just covering all angles. So isit right to say that for the sale, the buyer has to bear all the fees associated with the sale?

hi everyone, what happen if i want to sell my car but the road tax already expired since mar 2012?

I am selling the car with outstanding from bank and the buyer is applying loan from same bank. Today the officer ask me for original geran and insurance cover note. And he say that bank will do the name transfer. Is this normal procedure? How will I know I will get my full settled amount before the car ownership change??

Hey Guys,

I am currently purchasing a 2nd hand car from a dealder. He is charging me 600 bucks for registration and 600 bucks for inspection.

Would you be kind enough to advice if I am being taken for a ride?

Warm Regards
Rishi

Hi,
I am buying my company used car. Currently my company has already cancelled the insurance but the road tax still valid until May. My loan is still in progress, the car ownership hasn't changed to me. Please advice can I buy insurance for this car?

Erm, so you mean my company hasn't cancelled the insurance? The road tax is still valid and stick to the mirror. But I am not sure whether is it still insured or not...