What's the process of buying a car?

[nasscmw]

Hi,

Does anyone know what is the process of buying a car on your own if you don't go through a used car sales person? I was thinking of buying a car from a friend but we're both not sure on wht process..

Thanks!

 

[DanzEterna]

1.get a copy of photostat geran
2.prepare a copy of 3 mths latest pay slip, EA form, 3 mths bank statement, EPF statement, IC & driving licence, water or electicity bill.
3.walk in into any bank, prefered public bank, inform the counter u wanna submit for loan, then they will bring u to the officer for advice.

 

[yeehau86]

check with the bank whether you can get loan for the car you are getting, older cars (mostly more than 10 years car) are harder to get loan from banks.

Get the car for an inspection at PUSPAKOM in order to do the owner transfer. Then settle down at JPJ and also your insurance agent if you decide to transfer your insurance to the newly bought car.

 

[DanzEterna]

if u plan to get a car more than 10 yrs old,
better go for personal loan, same documentation needed.
if below 10yrs, check market rate of the car vs the price of yr fren that selling the car.
if car 5-7yrs old, still can get full loan.