Buy car steps

[escaflowne]

Hi bro

Buying my first car actually...so i do have a question,sure many of u can answer.
Sorry for my noobness...

Well..just want to know...after loan approval,you pay the downpayment when the car is registered and deliver to you that time OR,after loan approval,you pay dealer the downpayment and dealer will take ur car for registration and deliver car to you at the time agree by both party.

Coz i heard some say is after registration that means pay downpayment is last steps,some pulak pay b4 that then only registration and deliver.

Anyone can actually tell the REAL proper steps of it or any personal experience can share here?

Btw today go sign loan doc ...

Thanks in advance.:regular_smile:

 

[BlackSamurai]

haha, can't recall the process. Just now that tonnes of documents to sign, sign here, sign there.

happy motoring.
PS: Esca, what new car are you getting?

 

[zan]

whichever way goes...as long as there are trusts between seller and buyer.

the dealer just want complete payment before they release the car to the new owner.

for example

car price 100,000.
booking fee 1,000

balance 99,000.

finance available 85% @ 85,000.

balance to pay 14,000.

it is every car company's rule that they received letter of undertaking (LoU) from any party bearing the financial loan.
so, once they received the LoU letter the car company are willing to register the car already.

of course, to play it on the safe side they will demand full payment to be made before proceeding with registration.

 

[escaflowne]

ah thank you abang zan..

samurai bro..myvi la..my old saga gonna spilt into two already.kakaka