Procedures on Selling, Buying and Trading in Used Cars

[Supra_Fanatics]

Of course cannot loh! Release letter is from the bank and on the grant the ownership is claimed by the bank so the bank have to issue you the release letter. If can transfer without release letter then no need repay loan also can....

Looks like you got to sell it in Ipoh then.....

Ipoh I think the price will be even lower then. Anyhow, roadtax expired, I can't drive the car back to ipoh to ask the used car dealers there. I doubt will be high price.

So, now the car just sit at home. Can only drive to pasar malam

 

[twistedpotato]

Can you give me your runner's phone number? Or if you could check with him for me? Cuz owner is in Ipoh and Buyer is mostly gonna be in KL. If he can get it done with certain documents, I'll let him do it. Cuz is a hassle for me now.

Want to sell car later if really need owner to come then I really gonna get even worse headache.

I just asked my runner. He said both owner need to give thumbprint authority. However, you can do separately also with certainty you have to transfer the name in 1 week. So i assume in your case your car owner in Ipoh go to jpj ipoh and get thumbprint then after that you insert your thumbprint here in kl. The thumbprints are valid for a week only. If you want the runner's number i can pm you.

Of course cannot loh! Release letter is from the bank and on the grant the ownership is claimed by the bank so the bank have to issue you the release letter. If can transfer without release letter then no need repay loan also can....

Actually if the bank update the ownership title in online system no need to collect the release letter also. I think the system is called e-tukarhakmilik IINM . Only way must check with jpj if updated in the system.

 

[Supra_Fanatics]

I just asked my runner. He said both owner need to give thumbprint authority. However, you can do separately also with certainty you have to transfer the name in 1 week. So i assume in your case your car owner in Ipoh go to jpj ipoh and get thumbprint then after that you insert your thumbprint here in kl. The thumbprints are valid for a week only. If you want the runner's number i can pm you.

Actually if the bank update the ownership title in online system no need to collect the release letter also. I think the system is called e-tukarhakmilik IINM . Only way must check with jpj if updated in the system.

Thanks bro, will call and ask him. If my friend side cant do it.

 

[ExceL]

Actually if the bank update the ownership title in online system no need to collect the release letter also. I think the system is called e-tukarhakmilik IINM . Only way must check with jpj if updated in the system.

When I did this two years ago, although there is a online system. The JPJ officer still needs a copy of the release letter. But you will need the bank to amend the registration card anyway so why don't collect release letter as well, they release all documents on the same day you settle.

Release letter give on the spot (when settle final payment), e-tukarmilik took couple days to update. In all took me 30mins to settle at the bank.

But again, 2 years ago so I guess they COULD have changed to be more efficient now..:hmmmm:

 

[Supra_Fanatics]

When I did this two years ago, although there is a online system. The JPJ officer still needs a copy of the release letter. But you will need the bank to amend the registration card anyway so why don't collect release letter as well, they release all documents on the same day you settle.

Release letter give on the spot (when settle final payment), e-tukarmilik took couple days to update. In all took me 30mins to settle at the bank.

But again, 2 years ago so I guess they COULD have changed to be more efficient now..:hmmmm:

If cash then might be on the spot but bank draft or banker's cheque will need at least 3 working days to clear. Then can only collect release letter after 5 working days. This is Ambank.

 

[vr2turbo]

I just asked my runner. He said both owner need to give thumbprint authority. However, you can do separately also with certainty you have to transfer the name in 1 week. So i assume in your case your car owner in Ipoh go to jpj ipoh and get thumbprint then after that you insert your thumbprint here in kl. The thumbprints are valid for a week only. If you want the runner's number i can pm you.




Actually if the bank update the ownership title in online system no need to collect the release letter also. I think the system is called e-tukarhakmilik IINM . Only way must check with jpj if updated in the system.

The new Mysikap system.....Bad for bro. SF.....

What bro. Sf means transfer first, but what I mean was Bank must release first whether with letter or online but still the bank must release ownership claim if not no way can transfer...

 

[Supra_Fanatics]

The new Mysikap system.....Bad for bro. SF.....

What bro. Sf means transfer first, but what I mean was Bank must release first whether with letter or online but still the bank must release ownership claim if not no way can transfer...

That's why now I forget it. Gonna do full settlement and transfer ownership to me. Then easier for me to deal in KL. No hassle since now they need both buyer and seller to present during ownership transfer. Is good in a way. But troublesome for me this time round.

 

[vr2turbo]

That's why now I forget it. Gonna do full settlement and transfer ownership to me. Then easier for me to deal in KL. No hassle since now they need both buyer and seller to present during ownership transfer. Is good in a way. But troublesome for me this time round.

Oh! means confirmed? Then Used car how? Have to learn all new procedure liao....

 

[Supra_Fanatics]

Oh! means confirmed? Then Used car how? Have to learn all new procedure liao....

I ask a friend that doing used car also. But she say is the new rule that she also not sure whether still can or not but most probably have to have both buyer and seller together for ownership transfer. So, next week hope the uncle is back from outstation work and do JPJ on friday morning. Puspakom doing next thursday morning.

 

[twistedpotato]

The new Mysikap system.....Bad for bro. SF.....

What bro. Sf means transfer first, but what I mean was Bank must release first whether with letter or online but still the bank must release ownership claim if not no way can transfer...

ohh i misunderstood. Ampun

 

[vr2turbo]

I ask a friend that doing used car also. But she say is the new rule that she also not sure whether still can or not but most probably have to have both buyer and seller together for ownership transfer. So, next week hope the uncle is back from outstation work and do JPJ on friday morning. Puspakom doing next thursday morning.

Just wonder how Used Car will do it now. If car not sold, then after sell look for owner or means they have to transfer to Used Car as owner...:hmmmm:

---------- Post added at 08:55 PM ---------- 6 hour anti-bump limit - Previous post was at 08:55 PM ----------

ohh i misunderstood. Ampun

No problem, brother....

 

[Supra_Fanatics]

Just wonder how Used Car will do it now. If car not sold, then after sell look for owner or means they have to transfer to Used Car as owner...:hmmmm:

No problem, brother....

I also dunno man. Seems they also having headache.

Btw, is it possible to do ownership transfer without renewing the insurance and road tax?
Cuz I don't plan to drive the car, just wanna transfer the ownership to myself since I'm gonna sell it anyway.

No point for me to renew.

 

[vr2turbo]

I also dunno man. Seems they also having headache.

Btw, is it possible to do ownership transfer without renewing the insurance and road tax?
Cuz I don't plan to drive the car, just wanna transfer the ownership to myself since I'm gonna sell it anyway.

No point for me to renew.

I think cannot, must have valid Insurance and that is in new owners name. Well, buy 3rd party then..

 

[Supra_Fanatics]

I think cannot, must have valid Insurance and that is in new owners name. Well, buy 3rd party then..

3rd party also at least RM300 :( but can drive the car at least lol

 

[vr2turbo]

3rd party also at least RM300 :( but can drive the car at least lol

Well, cannot be help if you need to get it transferred to save on further future problems...

 

[Supra_Fanatics]

Well, cannot be help if you need to get it transferred to save on further future problems...

Ya, since this is the problem an issue of ownership transfer. Already settled. Next week inspection then off to ipoh for ownership transfer.