Sunday, September 12, 2021

Selling Our Car in Malaysia

 As I promised in the previous post, I will try to share my stories on how to sell a car in Malaysia.

As a background, we had a car in Malaysia. We bought this car as we need a car to mobilise from one place to another in this pandemic. Previously we used to grab and public transportation, which we found that they are very convenient. 

So, long story shorts, we bought a new car in December 2020. We bought a new car as, after considerations, a new car is the best option. We are foreigners, we have not known about the maintenance and so on in Malaysia. We also found that the new year manufactured car has a slightly different price from the used car. So we looked for a Perodua Bezza, a manufactured year that is not older than 2017. surprisingly, the price is not much different with a new Proton Saga.

Comparing our cash flow, needs, and availability, we chose a new Proton Saga Premium 2019. It is a brand new car. We had a sales agent contact and conducted all the transactions and paperwork online. After we paid the booking fee and paid the price of the car a week after, we received the car in three weeks. I still remember it was on 12 December 2020, the sales agent contacted us that the car was ready. We were happy with the car and the quality of the car. 

After 7 months, we have decided that we are moving to Bangkok to taking an opportunity to work there. Selling the car is the only option. It was very challenging as the car is under hire purchase. Not many banks can provide a hire purchase for a used car proton to the buyer. The best option for the buyer was a personal loan. However, it will be slightly more expensive to have a personal loan compared to the hire purchase. So because of this reason, the first potential buyer cancelled the deal.

Alhamdulillah, on the same day of the cancellation, a new potential buyer would like to see the car. And I do believe that finding a car is like destiny. You have to be destined to own the car. Alhamdulillah the second potential buyer agreed with the price, and the best thing he agreed to buy it with cash payment. Once the payment had been made, I did the settlement for hire purchase in the Bank. It was an instant procedure. I went to the bank on Wednesday, and on Thursday, the JPJ e-battle was confirmed. I did ask the bank through an email.

Before the settlement, on Monday, I went to the Puspakom to obtain the B5 form (Transfer of Ownership). I did fail the first test as the windows film was too dark. Please do follow the regulation from JPJ. I removed the front windows films (inc the windshield) by myself. It was a fun thing to do, but I really care about the sticky residue left on the surface. If I know this may happen, I prefer not to install any windows film in front of the car and the windshield. But the options are from your preference. I asked guarantee from the Shop who installed the windows film. They only guarantee if the car stopped on the road, not in the puspakom. This is a new thing for me as a foreigner who has a car in Malaysia.

Source: https://paultan.org/2019/05/07/new-window-tint-ruling-for-malaysian-vehicles-darker-rear-windows-now-allowed-rm5k-fee-if-complete-car/


Then, we also need to go to JPJ to transfer ownership. This has to be easy work; however c, we need to arrange an online appointment only in this pandemic. With the new feature of the scheduling, the system was so intuitive. The buyer and I chose the earliest slot available, and it took us to do the transfer in Cheras. It is quite far from our place, but it is all right as we need to wrap it asap. We got a week to wait until the appointment. It was an instant process and very fast. Bring your passport and a copy of it. That's it. The buyer should pay the transfer of ownership. Once everything is settled, all done. The car is now in the buyer's possession. We do have to return the tax tag, and the insurance is cancelled as well. 

So if we are willing to buy a used car, we have to be prepared with insurance on hand before buying the road tax. 

So that is how it has been done if I could summarise the process:

1. Obtain a B5 Puspakom

2. Settle the hire purchase in the Bank

3. Set the appointment date with JPJ

4. Transfer Ownership in JPJ

I hope this may help. Alhamdulillah, in my case, Allah sent me a potential buyer that willing to pay the car in cash. So it had been an easy process for me. 

Extra: Our previous Proton Saga

source: https://www.instagram.com/p/CTZ62jAp2vpXODBocQfiQlZgp96mSk48DQAA9Q0/


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