How to do car ownership transfer

[Goldenvodka]

Hi,

 

 

I am purchasing a car from my elder brother.

 

Car still has loan and I am taking over the loan/instalments and full ownership of the vehicle.

 

 

Is there any agents whom are experts in handling cases like that?

 

No bankruptcy or bad loans on anyone of us.

[Shibadog]

Hi,

 

 

I am purchasing a car from my elder brother.

 

Car still has loan and I am taking over the loan/instalments and full ownership of the vehicle.

 

 

Is there any agents whom are experts in handling cases like that?

 

No bankruptcy or bad loans on anyone of us.

 

 

I don't think u can directly take over the loan. Need to pay up in full (check prepayment penalty) and then take a new loan. I may be wrong though.

 

maybe this can help http://connect.sgcarmart.com/

[Vid]

Hi,

 

 

I am purchasing a car from my elder brother.

 

Car still has loan and I am taking over the loan/instalments and full ownership of the vehicle.

 

 

Is there any agents whom are experts in handling cases like that?

 

No bankruptcy or bad loans on anyone of us.

Cannot just take over loan. Since he's your brother you might as well pay him monthly. Just don't play him out 😂😂😂

[flashbang]

Impossible to transfer ownership of the vehicle at LTA without repaying the existing loan in full. It will be reflected in the system that the car is still on loan. I also suggest you pay your brother monthly and use the car without transferring ownership.

[Hamburger]

this is not a motor cycle.......

[13177]

Since he is your brother, no need to transfer ownership and just pay him monthly the remaining car loan. Save many trouble. Lol.

[Coltplussport]

Since he is your brother, no need to transfer ownership and just pay him monthly the remaining car loan. Save many trouble. Lol.

 

 

亲兄弟, 明算账. Don't forget, a lot of conflicts all because of money issue.

 

But I trust my siblings and for me, there won't be a need to change ownership. Wonder whats the cost involved?

[F355]

Contrary to what most forumers recommend , I would suggest to do a proper transfer.

 

Its not just the monetary trust involved , but the fact that the elder brother is still the registered insured of the car, he has to take responsibility should anything happens , not to mention that if there are any traffic violations or summons , he will be the presumed offender unless he names another person as driver .

[Laserjet]

Many threads on car ownership transfer already.

 

Refer to existing resources.

 

http://www.mycarforum.com/topic/1853689-question-on-transfer-of-car-ownership/?hl=transfer

 

http://www.mycarforum.com/topic/2670856-transfer-of-ownership/?hl=transfer

 

http://www.mycarforum.com/topic/2693049-transferring-car-ownership-help/?hl=transfer

 

http://www.mycarforum.com/topic/2682235-transfer-of-ownership-while-car-is-under-hire-purchase/?hl=transfer

 

You can also contact connect.sgcarmart.com for ownership transfer services.