Does application for LTA transfer pin requires settlement?

[JCSL]

Why not settle your loan first. Than settle the rest?

 

Some sellers are cash strapped thats why need to sell car or need to sell car to finance next purchase.

 

If they have the amount to clear their own loan, for cash strapped ones they dont need to sell in the first place.

 

Some even need top ups to sell, eg. those who bought in 2013/2014 era

 

 

Dealers act as a middleman to help to settle the loan and then get the disbursement once vehicle is transferred to the rightful buyer who had their loan approved.

 

Yes, dealers collect a fee for settling loans and paperwork too.