Can anyone guide me step by step on how to transfer a company's vehicle to an individual's name?
Hope someone that has done this before can share his/her experience as this topic is hard to find information online.
Thanks in advance.

If Sdn Bhd, u need a resolution from the company secretary together with Form 24, 49 & M&A. The director must sign the resolution plus the transfer form with company chop.

Another note, if the company already defunct and SSM already terminated officially, u cannot transfer the ownership.

Hello. Thanks for the info.
What do I have to do after obtaining those documents?
Any documents that the car recipient need to prepare?
Do I need to bring the car for inspection?

Once u hv the docs, take the car to Puspakom for inspection and later go to JPJ for thumbprint verification. Would be a lot easier if u hv a runner. Reason because the JPJ tend to be full of people at any given time.

You might have to dispose it at market value, which means u need to pay the company or net off any balance the company is owing you.

but if transfers between own company members, should just be just a few ringgit right?
no need to follow market price yeah?

Do you have any information on the cost to settle the transfer, excluding the runner’s fee?
If I were to hire a runner, where do I find them and how much would it cost?
With the runner does it mean I have to pass the car to the runner to deal with the inspection?

Thanks again.

You can't do it with just a runner any longer as you'll need to do a thumbprint.

I've a car that is stuck for that very reason, I was transferring a personal car to the sdn bhd that I owned and I had to leave in a hurry. Only after I left found out about the finger print requirement.

Also do note that such types of transfers are a favorite for IRB audits because it isn't considered an "arm's length" transfer or transaction.

Depreciation to 0 already? Ur company secretary will advice u.. jus tell them ur intention.

It'll be transferred at market value and your company will have to record a gain if market value is above book value. From a tax accountant.