Jump to content

[Question] Selling a Car


Idaddy88
 Share

Recommended Posts

Hi Bros,

 

I was told by a sales agent that you can't sell your car within six months of purchase. Can I find out if it's true?

 

Thanks in advance.

↡ Advertisement
Link to post
Share on other sites

Hi Bros,

 

I was told by a sales agent that you can't sell your car within six months of purchase. Can I find out if it's true?

 

Thanks in advance.

There is definitely some restriction in selling a brand new car. I think RadX brother is right on 6 months. Try to find out the transfer fee from the following LTA link. If you are able to get an answer, car can most probably be sold.

 

https://vrl.lta.gov.sg/lta/vrl/action/pubfu...uireTransferFee

Link to post
Share on other sites

Semi true.

 

Before 3 months, no transfer is allowed. You can sell, but the "ownership title" can't be transferred.

 

After 3 months & before 6 months, you can sell and transfer. But if the PQP of the respective category is greater than the amount you paid for the COE, you incur additional transfer fee levy for the difference.

 

It is meant to deter speculation from the older days.

Link to post
Share on other sites

You might want to advise what car model and reason of salling ?

 

New buyer might be able to compromise if the price is right.

Link to post
Share on other sites

Semi true.

 

Before 3 months, no transfer is allowed. You can sell, but the "ownership title" can't be transferred.

 

After 3 months & before 6 months, you can sell and transfer. But if the PQP of the respective category is greater than the amount you paid for the COE, you incur additional transfer fee levy for the difference.

 

It is meant to deter speculation from the older days.

 

Seems like on top of the outrageous COE, I'll still have to pay additional fine.. Sianz..

Link to post
Share on other sites

Hyundai Elantra. Kind of small to me as im quite big in size. Looking for a bigger car..

 

u never test drive before u bought....???? after bought it then found it too small for u... [hur]

Link to post
Share on other sites

u never test drive before u bought....???? after bought it then found it too small for u... [hur]

 

Did.. that time still ok.. Guess I have grown fatter over six months..

Link to post
Share on other sites

Did.. that time still ok.. Guess I have grown fatter over six months..

Wow, new reason to change car! Let me go and weigh myself now!

Link to post
Share on other sites

You may sell off the car even after your first day of registered it provided under open COE register.

 

Bro, do you mean cat e?

Link to post
Share on other sites

other than coughing up significant top up amounts any specific reason why cannot sell? Just wanted to fully understand...

Link to post
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...