dkny
Known Member
Recently I sold my car to used car dealer and buy a new car, so something I need to know, hopefully someone could help me clarify some question.
My car sold, and used car dealer sign an agreement that he taken the car effective on stated date.
1. But the dealer didn't made full settlement the bank at that time, so I unable to receive Bank release letter. Anything I can do to get the release letter ? As I know, normally those dealer will continue the instalment until he get new buyer, to save time/cost for admin fees.
2. Since the car sold to used car dealer, and the registration card still under my name, so anything I can do/check, to ensure the old car will not effect me in future ? Example if the my old car still not yet sell, and still under my name.
My car sold, and used car dealer sign an agreement that he taken the car effective on stated date.
1. But the dealer didn't made full settlement the bank at that time, so I unable to receive Bank release letter. Anything I can do to get the release letter ? As I know, normally those dealer will continue the instalment until he get new buyer, to save time/cost for admin fees.
2. Since the car sold to used car dealer, and the registration card still under my name, so anything I can do/check, to ensure the old car will not effect me in future ? Example if the my old car still not yet sell, and still under my name.