If you manage to get personal loan rate lower than HP, yea sure why not.. this type of question need to refer to forum?
Give chance la... Not every person is knowledgeable like you....
No hard feelings ya...
I bought and sell cars directly before with cash, very simple process.
1. Inspect the car and papers, then deal on the price.
2. Pay DP, usually between rm500-1000. Best using transfer so got proof of receipt.
3. Seller go do Puspakom inspection, only around rm35, takes just roughly 1hr.
4. Buyer either prepare a bank draft/banker's cheque for the sellers name, or can choose to do online transfer (but don't transfer yet).
5. Both go to JPJ to do title transfer. Meet at the parking lot for buyer to have a final check on the car before going into the jpj office. Inside the JPJ office, if use bank draft then show it to seller first then seller do the title transfer (who pays depends on agreement, only around rm100). If buyer prefer transfer then buyer transfer the balance first right before doing title transfer. Once money in, then seller do title transfer.
6. When title transfer, road tax also get cancelled within just 1 day to enable buyer to arrange new insurance and road tax.
7. Once done, buyer gets new title and the car.
8. Seller arranges for own refund of road tax and insurance balance.
That's it all done!
This is very good example.... We can learn from it...