Hi All Sifu, if say I owned a car and I do have NCD of 55% now, then sell it off next month and did not buy any new car. Few years later and I buy another new car, do I still entitle my previous NCD of 55%?
NCD Transfer, NCD Transfer
NCD Transfer, NCD Transfer
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Jan 18 2019, 09:25 AM, updated 6y ago
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#1
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Junior Member
21 posts Joined: Feb 2012 |
Hi All Sifu, if say I owned a car and I do have NCD of 55% now, then sell it off next month and did not buy any new car. Few years later and I buy another new car, do I still entitle my previous NCD of 55%?
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Jan 18 2019, 09:32 AM
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#2
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Senior Member
1,024 posts Joined: Apr 2005 From: Kuala Lumpur |
it drops to the next bracket for each year you don't use your NCD. until 0
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Jan 18 2019, 09:33 AM
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#3
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Newbie
44 posts Joined: Aug 2012 |
It reduce year by year if you dont tie it to a new car.
1st year - 55% 2nd year - 45% 3rd year - 38.33% and so on.. till zerorise |
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Jan 18 2019, 09:35 AM
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#4
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Junior Member
811 posts Joined: Nov 2017 |
Some people buy a cheap used car to maintain the NCD
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Jan 18 2019, 06:05 PM
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#5
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Junior Member
895 posts Joined: Jun 2015 |
TS sorry to hijack your thread please and thank you.
I was named second driver with my parent's purchased car few years back. The car are under my parent's name and the NCD are 55%. This year im planning to get a car so it's eligible for me to get the NCD discount when i purchase my new car soon? Thanks. |
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Jan 18 2019, 06:35 PM
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#6
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Senior Member
4,502 posts Joined: Jul 2010 |
QUOTE(submergedx @ Jan 18 2019, 06:05 PM) TS sorry to hijack your thread please and thank you. No.I was named second driver with my parent's purchased car few years back. The car are under my parent's name and the NCD are 55%. This year im planning to get a car so it's eligible for me to get the NCD discount when i purchase my new car soon? Thanks. |
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