QUOTE(Icehart @ Jul 9 2023, 12:05 PM)
Do you get the payment first only thumbprint?
Between seller & buyer, agree on the payment method before hand.
Bankers cheque:Safest, as the funds HAVE to exist & paid to the bank, then the bank issues the cheque to the named/buyer. Thus from buyer perspective, its confirmed funds available unlike personal cheque. But some not so up-to-date people dont even know this exist, so as seller, they also not aware. Then you can ask them go inquire with their bank of choice about what is a bankers cheque.
If cash:Agree on a meeting place, prefer bank ATM as immediately deposit into machine. However due to this being a manual & not immediate process, both party need agree this is done before or after JPJ.
Actual experience:
a) Buyer gave cash at ATM, I deposit into ATM. I give him keys & reg card immediately, so as seller I have the $, and as buyer took the valued property (altho from eyes of the insurer, you willingly gave your keys & property to others). I immediately go JPJ while he drives back to his state, once I thumbprint, I give him the slip and he can complete the transfer at any JPJ within 7 days. New owner details need match with what seller gave at form.
b) Buyer gave cash, I was surprised as back then I assumed he meant bank trx, never the less, we counted the cash in Tesco(?) at gombak IIRC... this was 2007-2009. As buyer he confident can do JPJ with runner (this was before thumbprint, just isi form last time) without me there.
c) Most recent, bought a vehile from foreign national, now this cant be done at UTC, must be JPJ branch. I upped my online limit, daily limit, FPX limit & ATM limit.....but somehow someway the damn bank still enforce the default limit. At this time I had to explain to seller, I am sorry I have the proof that credit increased but bank side dont reflect. We agreed, while in line at JPJ, we do first. He keeps the keys & reg card & car. We meet at closest bank to take out $ over the counter.
d) A fisherman's son came from Kedah to purchase my car on Sunday, I assuemed he will look at car Sunday, then Monday we go puspakom/JPJ la. Mana tau, we meet at restaurant, he have not even seen the car with his eyes, he already gave me cash in his bag. I was taken a back, I told him come lets see the car first, he was satisfied, we go Maybank bandar baru ampang & took the $. He drove back to Kedah. The car was KP plate anyway, I believe its Kedah plate?....not sure. It was an restomoded 80's car. Each nut & bolt changed, chassis full antirust done.
Bank transfer:Easiest, just before your turn at the counter, trx the $.
Personally, as seller I will want get $ first, so I make it easy for buyer I portray & give them all the confidence in the car, they can test & even bring family/foreman come see.
The MPV I sold, he brough his friend & they did the famous unreel the seat belts to see signs of water/flood. I told him if he knows, then I will also know & I will clean it. Instead I lifted the big carpet, till can see chassis, I told him look how dusty it is... if flooded, it will be sqeeky clean haha.