I agreed to buy a 2nd car from private seller. Car rd tax & insurance expired so car will be at his home.

Seller agrees to go together to do name transfer at JPJ, then go to bank to give him cash over the counter.

My concern is if :-

1. I can get the insurance immediately after name transfer

2. car is stolen from the time the name transfer is done, money given but haven't gotten the physical car in my hand, worse if I haven't gotten it insured

If car rd tax/insurance not expired, he can hand me the car while we go to the bank to do transfer.

Am I over thinking this? How can we protect each other?

likely seller taking risk on the road to do Puspakom w/o rd tax & insurance

This post has been edited by trinity3: Nov 9 2023, 11:16 PM

Thx.

That's a good idea. Good thing the seller lives nearby.

I will ask the seller to bring the car in front of the bank & hand him the cash at the bank.