Questions regarding de-registration

[So_nice]

To be honest, fark the $500. It buys u no shit but may bring u shit load of problems.

 

Can share who is this dealer?

[Amazon777]

Hi all.

I just called Lta his morning to clarify.

After I submitted the D01 form to de-register my car,

the dealer who took the car away has to submit the required documents within one month otherwise the parf may be forfeited.

In his case, I'm at his mercy whether he gonna complete the de-registration putting my five figure parf at risk le.

Have you try SGCarMart QUOTZ? Did they offer anything for your car body? Someone offer me the same proposition for my car body at $3k. In the end, for peace of mind, decide to sell at $2.5k + PARF $29k in cash to a dealer last Nov Edited March 9, 2015 by Amazon777

[flashbang]

Don't be penny wise pound foolish. Dealer offer you $500 for body, but I think most scrap yards will give you at least $100 for it. You only earn $400 more but risk your 5-digit PARF.

[Kevin613]

sounds like the dealer will drive your car up north, and try to look for buyer there.

[Ake109]

Mind telling us what car it is? So we can give an idea if 500 for the body is worth it?

 

In any case, as mentioned by the others, don't play play, if the Bengster Dealer cock up (even unintentionally), and you don't get the paperwork done by 20th, you forfeit your entire PARF. LTA not going to give chance.

[Rogersk8ter]

Have you try SGCarMart QUOTZ? Did they offer anything for your car body? Someone offer me the same proposition for my car body at $3k. In the end, for peace of mind, decide to sell at $2.5k + PARF $29k in cash to a dealer last Nov

Did chk with them... They take in at paper value.

Thanks for the replies.

I asked dealer if he can put in a clause in the agreement that in the event the car is not properly exported or scraped, I hv the right to claim lost in parf from him.

He seems reluctant.

 

Btw car is Mitsubishi grandis.

[So_nice]

Just tell him if he wanna export it to Malaysia, go thru the proper channel else no deal.

 

If he gets nasty, make a police report and refer to LTA for such under table practice

[Mkl22]

Did chk with them... They take in at paper value.

Thanks for the replies.

I asked dealer if he can put in a clause in the agreement that in the event the car is not properly exported or scraped, I hv the right to claim lost in parf from him.

He seems reluctant.

 

Btw car is Mitsubishi grandis.

 

seems reluctant? alarm bells should be going off here!!!

 

listen to advice here.. forget it! really not worth the agony.

Edited March 9, 2015 by Mkl22

[Reo]

I just de-reg. my car last week, and went through the same as what you do now.

 

The dealer who bought my car for export is a good dealer and doing proper business.

 

We agreed to a price, PARF + body. I later changed my mind because I can save some few hundreds if I en-cash to my account by myself instead.

 

But due to my own cautiousness (and paranoia you can say), I was wondering if the dealer would to be shady and did not do the proper paper work follow up, I'll be screwed with my PARF of 30k.

 

So in the end, in order not to loose a forest for a tree, I reverted the deal to PARF + body and forwent the few hundred bucks I would have saved.

 

On the LTA side, the difference with PARF + body is the car ownership is transferred, just like a normal sale. When the transfer is done, the car of course no longer belongs to you and de-reg is not your business.

 

LTA website is a bitch. You can read it a hundred times but still you won't get the exact answer you need. Calling them is another bitch - some one will call you back but still you will not get the straight and direct answer you are looking for.

 

For your case, your dealer is pretty honest, who told you he's going to drive up north (lol). From my account above, it should be rather easy for you to decide. I hope your deduction is no deal.

 

Good luck.

[Galantspeedz]

Did chk with them... They take in at paper value.

Thanks for the replies.

I asked dealer if he can put in a clause in the agreement that in the event the car is not properly exported or scraped, I hv the right to claim lost in parf from him.

He seems reluctant.

 

Btw car is Mitsubishi grandis.

Mai gong lar... put clause so what... if he fail to do it.. you gonna spend few thousands or more to sue him?

I just de-reg. my car last week, and went through the same as what you do now.

 

The dealer who bought my car for export is a good dealer and doing proper business.

 

We agreed to a price, PARF + body. I later changed my mind because I can save some few hundreds if I en-cash to my account by myself instead.

 

But due to my own cautiousness (and paranoia you can say), I was wondering if the dealer would to be shady and did not do the proper paper work follow up, I'll be screwed with my PARF of 30k.

 

So in the end, in order not to loose a forest for a tree, I reverted the deal to PARF + body and forwent the few hundred bucks I would have saved.

 

On the LTA side, the difference with PARF + body is the car ownership is transferred, just like a normal sale. When the transfer is done, the car of course no longer belongs to you and de-reg is not your business.

 

LTA website is a bitch. You can read it a hundred times but still you won't get the exact answer you need. Calling them is another bitch - some one will call you back but still you will not get the straight and direct answer you are looking for.

 

For your case, your dealer is pretty honest, who told you he's going to drive up north (lol). From my account above, it should be rather easy for you to decide. I hope your deduction is no deal.

 

Good luck.

Honest meh? It is smart.. means you do it knowingly and in cahoots with the dealer more likely

[Kevin613]

Just tell him if he wanna export it to Malaysia, go thru the proper channel else no deal.

 

If he gets nasty, make a police report and refer to LTA for such under table practice

there's no proper channel to export the car to malaysia, as far as i know, and those cars that are exported there illegally will only be sold in cash term, no loans, and will have problem reselling later..

[recayong]

If car COE expires 20/03/2015, I shd de-register the car on 20th or 19th March?

I will go to LTA to submit the form.

 

There is a dealer who want to buy car for $500. Ask me to meet him at LTA 2pm.

So that I will submit the de-registration form on 20/03/2015.

But said I only submit it at 4pm cos driving car to Malaysia.

I will be given a letter for purchasing the car for $500.

Is this a gd arrangement?

If car is not exported I will lost parf right?

Hi I'm looking for Toyota Altis left with 1 to 6 months COE for my own use. if you have car to let go please let me know. Thanks

Edited March 18, 2015 by recayong

[Reo]

There's a report today on average one car is stolen every day. I was taken aback at first but it said the thefts happened mostly in JB.

 

I tie it back to this thread. Are these car thefts de-registrations in disguise ?

[Kevin613]

There's a report today on average one car is stolen every day. I was taken aback at first but it said the thefts happened mostly in JB.

 

I tie it back to this thread. Are these car thefts de-registrations in disguise ?

 

possibly sold to malaysian with a new malaysian registration plate.

[Kevin613]

this is probably where those "stolen" SG cars end up

https://www.facebook.com/pages/SGcars-Scrap-KING-Malaysia/863981630331928?sk=timeline