Introduction
Moving from one country to another is a monumental task, especially if said country is halfway across the world. One of the major challenges expatriates face before heading back home is selling the car they bought in Malaysia. While selling the car online might seem like a quick solution, it comes with the risks of scams and cumbersome paperwork. This blog post outlines the five essential steps to sell your car as an expatriate in Malaysia.
Step 1: Settle Any Outstanding Loans and Summons
Before selling your car, ensure that any loans associated with the vehicle are fully paid off and there are no outstanding summons with the traffic police. You can check for any unpaid summons via the Jabatan Pengangkutan Jalan (JPJ) portal. Settling these issues beforehand will streamline the selling process.
Step 2: Gather Necessary Documents
To facilitate a smooth transaction, prepare the following documents: a valid copy of your passport or permanent residence card, the original vehicle registration card/grant, the vehicle’s original and spare keys, and a B5 Puspakom report if you accept our offer after the car inspection. Puspakom, Malaysia’s national vehicle inspection company, conducts mandatory inspections to ensure the vehicle’s legality and condition.
Step 3: Vehicle Inspection
Schedule an inspection for your car with Puspakom. The B5 report from Puspakom is crucial as it details the condition of the vehicle and assures the new owner of a legitimate purchase. This step helps in avoiding any legal complications down the line.
Step 4: Receive and Evaluate Offers
Once your vehicle has been inspected and all documents are in order, you can start receiving offers. Evaluate each offer carefully, considering the market value of your car and any additional benefits included in the offer. Choose the offer that meets your expectations and proceed with the sale.
Step 5: Finalize the Sale
After accepting an offer, finalize the sale by completing any remaining paperwork and transferring ownership. Ensure that all documents are signed and copies are kept for your records. Hand over the keys and documents to the new owner, and your car selling process is complete.
Conclusion
Selling your car as an expatriate in Malaysia can be straightforward if you follow these five steps. By settling outstanding loans and summons, gathering necessary documents, conducting a vehicle inspection, evaluating offers, and finalizing the sale, you can ensure a smooth and hassle-free transaction. Safe travels as you embark on your next adventure!
