Bossman Neutral Newbie February 25, 2012 Share February 25, 2012 Hi, I have a year 2003 Mazda 6 which I am planning to scrap. I understand that I can fetch a higher price selling it to a dealer than scrapping it at a scrap yard. I would like to know what is usual process of selling my to a dealer ? One of the dealer that I have contacted says he plan to export the car. What is the process then ? Do I transfer the car ownership to him and he pays me cash ? Pls advice . Thanks ↡ Advertisement Link to post Share on other sites More sharing options...
Jefkking Clutched February 26, 2012 Share February 26, 2012 (edited) If you intend to sell to dealer, then it's your Paper Value + certain amount for the body value of your ride & that depends on your ride's mileage. (As there's rule for certain mileage export vary from country to country & that depends on which car models in high / low demand) Check a few dealers for your ride's body values and also log into ww.onemotoring.com.sg (For your Paper Value) then search for de-registration and punch in your ride's full registration nos & intend to scrap date & this known as Paper Value if scrap of specific date. (Eg: if scrap on the said schedule was S$ 20K then if dealer take-in the body value at S$ 5K then you can get total of S$ 25K from the dealer of which you intend to sell to -- no admin fees or any other fees incurr and take your S$ 25K along with the Sales Agreement & that's all. Any more question ? Edited February 26, 2012 by Jefkking Link to post Share on other sites More sharing options...
Bossman Neutral Newbie February 27, 2012 Author Share February 27, 2012 Hi, thanks for the advice. The car is still under financing. Do I transfer ownership to the dealer and he will settle with my finance company ? Link to post Share on other sites More sharing options...
Trafficwatch Clutched February 28, 2012 Share February 28, 2012 If you sell to dealer, then they take care f the rest & repay you the balance via cheque. Link to post Share on other sites More sharing options...
genesis22 Neutral Newbie September 6, 2017 Share September 6, 2017 Hi everyone, i am going to sell my car to a second hand dealer. However i have no sense of his background (found the co randomly - Carchope) besides asking for cashier order, what else should i do re my road tax and insurance (which is already paid till next year)? Also, do i demand to see that the dealer has insurance covered on my car before he drives it off? (so that i dont get his traffic fines or any accident caused by him) Appreciate any advice. thanks! Link to post Share on other sites More sharing options...
Volvobrick Supersonic September 6, 2017 Share September 6, 2017 He should come with a hand over/take over form to be signed by both sides. Date and time of handing over is clearly stated, after which not your problem. Make sure you get your cash (best) or cashier order on the spot. Whether you dereg intermediately or not depends on the deal you agree to. Insurance can be cancelled straightaway too. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
COE Bidding - March 2024
COE Bidding - March 2024
Used Car Dealers Feedback (Part 2)!
Used Car Dealers Feedback (Part 2)!
This is why u dont lend car or money to ur friends
This is why u dont lend car or money to ur friends
Xiaomi EV is Coming
Xiaomi EV is Coming
Cars at Expo - Apr 2024
Cars at Expo - Apr 2024
Best way to sell car (aka highest price)
Best way to sell car (aka highest price)
Singapore ‘open to’ idea of one-off rise in vehicle population
Singapore ‘open to’ idea of one-off rise in vehicle population
New car discount/price/promo
New car discount/price/promo