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<blockquote data-quote="gendong" data-source="post: 603598" data-attributes="member: 22402"><p>Yes it is true that there's a system in place by JPJ for the temporary transfer of ownership once a car is sold to the car dealer, but i believe (i may be wrong) quite a number of car dealers are not doing so as it would also transfer some degree of 'liabilities' to them. Hence, your situation where even though the car has been sold, with all the letters (indemnity, bill of sale etc) in place, it is still legally yours until the dealer finds a buyer, and only then will the change of name/registration takes place. I learned it the hard way, sold off a car and it was still under my name a year later on. Only found out about it when i received a letter from the bank. But thank god got the dealer to settle the balance loan once and for all and change ownership.</p><p></p><p>Hope you'd be able to solve the issue with the dealer bro...</p></blockquote><p></p>
[QUOTE="gendong, post: 603598, member: 22402"] Yes it is true that there's a system in place by JPJ for the temporary transfer of ownership once a car is sold to the car dealer, but i believe (i may be wrong) quite a number of car dealers are not doing so as it would also transfer some degree of 'liabilities' to them. Hence, your situation where even though the car has been sold, with all the letters (indemnity, bill of sale etc) in place, it is still legally yours until the dealer finds a buyer, and only then will the change of name/registration takes place. I learned it the hard way, sold off a car and it was still under my name a year later on. Only found out about it when i received a letter from the bank. But thank god got the dealer to settle the balance loan once and for all and change ownership. Hope you'd be able to solve the issue with the dealer bro... [/QUOTE]
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