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Documents to receive upon handing over?

Versatile

By Versatile,
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Galantspeedz

Galantspeedz

Turbocharged
(edited)

Sigh.

 

Damn troublesome. Just called Maybank to check and they said they will get back to me whether OCBC has settled the outstanding balance (28K) for me and also when will they hand over the cheque and how much the cheque amount is.

 

And also sms my broker to pass me sales agreement form, buyer's loan & insurance document and also update me once the transferred is done.

 

yes... it is pretty troublesome...

 

if you can clear the outstanding loan yourself... it would have been much simpler to sell to direct buyer

 

the sales agmt form... my guess is.. he will not pass you a copy.... i have a feeling.. you will see a company name which the buyer agree to buy from.... and that it may be a different price..... just my guess

Edited by Galantspeedz
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Versatile

Versatile

1st Gear
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yes... it is pretty troublesome...

 

if you can clear the outstanding loan yourself... it would have been much simpler to sell to direct buyer

 

the sales agmt form... my guess is.. he will not pass you a copy.... i have a feeling.. you will see a company name which the buyer agree to buy from.... and that it may be a different price..... just my guess

 

Bro,

 

I just called my broker and he says not to worry as he will pass me the sales agreement form, transferred e-copy extracted from LTA website and a copy oof the balance OCBC (Buyer's loan fac) will pay me.

 

As for Loan form, he can't pass to me dued to confidentiality (I believe dued to buyer's name, IC number and misc). This i understand.

 

He also said if i'm worried, he's willing to let me have a copy of his IC.

 

Sufficient enough boh?

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Old-driver

Old-driver

5th Gear

Sigh.

 

Damn troublesome. Just called Maybank to check and they said they will get back to me whether OCBC has settled the outstanding balance (28K) for me and also when will they hand over the cheque and how much the cheque amount is.

 

And also sms my broker to pass me sales agreement form, buyer's loan & insurance document and also update me once the transferred is done.

Looks like that's nothing much u can do at this point and just hope the agent give u all the proper documentation. Cheque wise it will be the finance company to pay you so that will probably be alright unless that chap got some hanky-panky

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Galantspeedz

Galantspeedz

Turbocharged

Bro,

 

I just called my broker and he says not to worry as he will pass me the sales agreement form, transferred e-copy extracted from LTA website and a copy oof the balance OCBC (Buyer's loan fac) will pay me.

 

As for Loan form, he can't pass to me dued to confidentiality (I believe dued to buyer's name, IC number and misc). This i understand.

 

He also said if i'm worried, he's willing to let me have a copy of his IC.

 

Sufficient enough boh?

 

better than nothing i guess......

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Versatile

Versatile

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Looks like that's nothing much u can do at this point and just hope the agent give u all the proper documentation. Cheque wise it will be the finance company to pay you so that will probably be alright unless that chap got some hanky-panky

 

Cheque he will pass me personally on tuesday.

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Galantspeedz

Galantspeedz

Turbocharged

Cheque he will pass me personally on tuesday.

 

tuesday is tmr.. just hope for the best..

 

i guess if the chq is in the bank's name... should be no problem.. but if you see is personal name... you may have to ask him why.. and get him to issue a cash chq instead.. so you can get it immediately

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Calvin79

Calvin79

2nd Gear

I handed my NRIC over when i sold my previous car...

maybe like what u mentioned, he needed it at the LTA desk.

 

for me maybe because i traded in the old ride and used the balance on the new one... hence can consider no money invloved.

I pestered the agent for 1 week to get my NRIC back...

 

officially u will receive a letter from LTA once the veh is sucessfully transfered.

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Versatile

Versatile

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(edited)

The ad is still on SGCM.. still available.. smells fishy?

 

http://www.sgcarmart.com/used_cars/info.ph...978&DL=1000

 

Bro,

 

He normally never put sold or maybe he's too busy to update.

 

Anyway i've recieved the sales of agreement & buyer's insurance certificate.

 

Should be quite safe.

 

As the buyer's IC and full name is on the above mentioned certificates.

Edited by Versatile
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Versatile

Versatile

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I handed my NRIC over when i sold my previous car...

maybe like what u mentioned, he needed it at the LTA desk.

 

for me maybe because i traded in the old ride and used the balance on the new one... hence can consider no money invloved.

I pestered the agent for 1 week to get my NRIC back...

 

officially u will receive a letter from LTA once the veh is sucessfully transfered.

 

Yes bro,

 

That's what he told me. He need the IC for reset of asset PIN. The new regulation doesn't allow him to purely present just photo copied IC.

 

LTA required real IC to reset it.

 

 

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Galantspeedz

Galantspeedz

Turbocharged

Yes bro,

 

That's what he told me. He need the IC for reset of asset PIN. The new regulation doesn't allow him to purely present just photo copied IC.

 

LTA required real IC to reset it.

 

 

this is correct... even passport also cannot.. i kena before... :D

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Versatile

Versatile

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this is correct... even passport also cannot.. i kena before... :D

 

Yeah bro, that is the reason why i trust him with my IC. I think LTA has to be flexible with regards to this matter. Not everyone can just take a leave off just to settle such case where real IC has to be present for PIN reset.

 

But one big question mark that has been going on my mind was how he earn his commission thru this deal. Insurance? Bank Loan? As far as i understand, he don't charge any admin fees. I do ask him before how much do i have to pay for his service such as listing and contacting direct buyer on my behalf but he said don't have to pay him.

 

 

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Galantspeedz

Galantspeedz

Turbocharged

Yeah bro, that is the reason why i trust him with my IC. I think LTA has to be flexible with regards to this matter. Not everyone can just take a leave off just to settle such case where real IC has to be present for PIN reset.

 

But one big question mark that has been going on my mind was how he earn his commission thru this deal. Insurance? Bank Loan? As far as i understand, he don't charge any admin fees. I do ask him before how much do i have to pay for his service such as listing and contacting direct buyer on my behalf but he said don't have to pay him.

 

insurance and bank loan... quite a hefty sum.... 4 figures....

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Versatile

Versatile

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insurance and bank loan... quite a hefty sum.... 4 figures....

 

I see.

 

Guess he earned quite a sum from this deal.

 

The buyer is a FT. He took everything from LOAN. Including transfer fees, insurance, convertion from red to black and also full loan.

 

 

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Civic6228

Civic6228

6th Gear

I would not accept cheque but rather cashier order issued by a bank. And I will not pass my IC before I confirmed that the cheque is cleared and payment is received.

 

I bought a car from direct seller before and he damn "ngeow" but he had some bad experience in the past and he damn kiasu after the incident.

 

Unfortunately, there is nothing that you can do now but to pray hard that the middleman is honest and you will not be taken for a ride.

 

Good Luck.....

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Galantspeedz

Galantspeedz

Turbocharged

I see.

 

Guess he earned quite a sum from this deal.

 

The buyer is a FT. He took everything from LOAN. Including transfer fees, insurance, convertion from red to black and also full loan.

 

 

then he should earn enough from it.....

 

 

erm... can i charge you admin fee? :D

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Galantspeedz

Galantspeedz

Turbocharged

I would not accept cheque but rather cashier order issued by a bank. And I will not pass my IC before I confirmed that the cheque is cleared and payment is received.

I bought a car from direct seller before and he damn "ngeow" but he had some bad experience in the past and he damn kiasu after the incident.

 

Unfortunately, there is nothing that you can do now but to pray hard that the middleman is honest and you will not be taken for a ride.

 

Good Luck.....

 

 

not possible... what if he clear your loan and give you balance but you dun pass him IC to transfer?

 

dun forget... he is as scared of you as you are of him....

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