How do u usually make payment? 6 figure amount.

Will kena scammed or not? The account is company account. What do i need to do to verify?

no head no tail, dont know what TS is asking

Split into multiple transaction and on few days.

Got official quotation and invoice?

Don't forget the official receipt and other docs from Puspakom and insurance.

....

This post has been edited by matrix88: Sep 9 2024, 02:00 PM

company acc as in shn bhd?

second hand/ recond car?

.

This post has been edited by netflix2019: Sep 9 2024, 02:09 PM

ya sdn bhd account.

Invoice no car plate...

Ask for banker's check lo.

timing important. buyer and seller go sit in JPJ office together when transferring ownership only pay. sometimes if got saman or letter of release not complete JPJ will not transfer.

It's a new car. First time buy big amount cash only.

Don't skimp on transaction cost coz it is a big amount. Pay a small commission to bank as above to reduce exposure on both parties. Buyer can cancel payment within certain timeframe and seller has assurance that the buyer can pay in full.

The dealer should issue you a receipt for each transfer made. Just reference your NRIC for each payment and send the screenshot over after payment made. Normally full payment is needed before car is registered to you.

This post has been edited by GeekinE90: Sep 9 2024, 02:53 PM

New car, dealer, <under RM200k, is ok. Can make one transfer. If takut sangat, buat 2 transfers 50-50 (after deposit).

Or if exceed 200k, use FD/ASB or reputable sources to finance car-though not advisable.

Better yet, use loan, that 2%, - that balance go invest in fund with higher %. Difference can cover loan cost.

Banker's check only cost few ringgit. I bought car also cash. Last time banker's check only need to pay RM4 if not mistaken. The buyer's put the money into the bank and bank issue a check. So, the money is guaranteed there.

Never pay with cash.

Use a company cheque. Can cancel within 24 hours if the seller play dirty. Banker's draft cannot halt payment it already banked in.

if i am seller and receiving cheque, i will wait for money to clear before handling over the car. will only accept bankers cheque.

if new car pay to company account, just go to bank and ask them to do the transfer.

Bank will ask for car booking form, company SSM and they will process the payment.

few months back did a 170k payment so i just let bank do the transaction.
there are 2 types of transfer method, one is on the same day (Pay RM5), the other one is slower.

This post has been edited by squareballs: Sep 9 2024, 04:32 PM

I paid for my Porsches in Australia by a mixture of cash, bank transfers and credit cards (for the miles). Each transaction was clearly documented and receipts were given every step of the way. No issues.

In Singapore, I’ve only done bank cheques because the Authorized Dealers will not accept cash and the credit card payment is limited to $25,000 only.

New car dealer can do online transfer max RM50k per day. My Nissan Almera was paid through two transactions. Not 6 figure though.