Hi guys, I am now aiming for an used Fortuner, but from a private seller. Can anyone guide me on what is the procedure to go through? I'm gonna loan from bank for this car, do I need to go through agent to do all the documentation?

1) agreed on the trade detail
2) get owner go to jpj get the ownership detail form
3) get a copy of the above doc + pink slip (grant) go to bank submit loan
4) when loan approve, get owner send the car for puspakom check for transfer owner and hire purchase
5) go to bank, sign the loan, pay whatever amount (such as insurance and up front) and do e-hak milik transfer with the owner, and the car is yours

I see, so no need to go through any car dealer to help me right? And I can just go find the bank and apply loan myself?

yes, why want let other cut a portion. just you need to dedicate some time
even puspakom check also can be done yourself/the seller

As a buyer, your task will mainly be getting the loan application approved and buying auto insurance. Seller is usually responsible for clearing puspakom and bearing the charges. Come to agreement on expectation of cleaning the existing window tint. some seller will do a shady job.

Instead of car loan (which the rate is higher for used vehicle), TS can also consider personal loan.

I see, because I was told that I need the invoice from car dealer in order to apply the car loan. Haha

Ohh, OK, thanks for the advice!

Hmmm, I don't get your TS bro haha, please illustrate further.

Just go to or call a bank branch with hire purchase service and they'll guide you. Most banks have a database on the current market value of different cars. So that might determine how much is the bank willing to loan you

Afaik, many banks don't entertain direct buy/sell cases.

Make sure the seller already paid off the loan, this could be one of the reason bank don't allow direct case.

This post has been edited by jameslow: Jan 29 2018, 10:43 PM

Depends on the bank. Some don't want to do loans for direct deals.


This post has been edited by Ginny88: Jan 29 2018, 10:49 PM

forget about the personal loan, even the car too old to get a loan. (if you can't buy it cash, go to next newer car)
personal loan EIR will be much higher than car loan, because of unsecured loan nature.

unless want save the hassle, then go ahead. if so, puspakom check, just do change ownership test

Existing loan settled, then easier

Wanna clarify a bit since I never have such experience.
3) the pink slip also get from jpj? By seller right?
5) the amount of money for insurance, road tax and such cannot be covered with the loan? Coz actually I'm planning to loan more to cover my current car balance. With dealer, I can loan more which included all the fees like insurance, road tax, and cover my current cars outstanding. Can I do the same with buying from direct owner? Do I have to clear my current car loan before proceed to apply loan for new car? And is the seller must has cleared all the balance of the loan?
Thank you and much appreciated.

Also I wanna ask, as the car is dated Nov 2011, can I loan for 8 years from bank?

pink slip = geran kereta or new VOC. as your car is old one, should come with geran

you panlai panlai with the seller. example:
if seller owe 50k, seller want sell you 60k, you intend to put 0% dp + cash out, you are actually looking to loan at 70k sticker price* with 90% margin (loan amount 63k)
if this the case, the bank required you or the seller pay them 7k (as down payment) and the bank will disburse 20k to your seller (minus the 50k outstanding)

*provided the car actually worth that much from the bank valuation, if bank value the car at lower price, then no luck d

This post has been edited by hiansitt: Feb 4 2018, 08:59 PM

This question you have to ask the bank. Different banks have different policies. If you have an existing car loan it is not necessary to clear it first but your eligibility for the new loan will depend on your ability to service all your loans including any housing loan or personal loan.

The pink slip grant, must it be the original one or can be a copy only ya? If still got loan with bank, can they let you hold the grant?