Transfer funds, transaction goes through, put down thumbprints at JPJ to tukar milik, hand over the keys. Car buying and selling between individuals is only as simple as that IF it’s a pure ‘cash buy’ and there’s no bank loan involved.
If the buyer requires a hire purchase loan, the seller will soon realise that banks prefer to deal with a used car dealer over an individual. As a seller, you’ll also have to make a full settlement of your HP loan before the car can be sold. Cash solves both cases, but not everyone has access to immediate funds.
It’s not straightforward at all, and this quirk of the car buying-selling process has long been filled by the used car dealer. Often, one will have to pay a fee to the car dealer to process the transfer and obtain a loan for you, even if you’re buying from an individual.
Here’s where paultan.org Private Auto Finance (PAF) powered by Carro steps in. PAF simplifies the process by acting as an intermediary between the buyer and seller, smoothening out all the pain points individual buyers and sellers face. Fees are based on the car price and loan amount, and it starts from just RM700.
With paultan.org PAF, you can sit back and be assured that all the necessary steps are being done. As a buyer, you won’t have to apply for the loan with multiple banks to compare interest rates – PAF will submit to all major banks on your behalf and you simply have to pick one. As a seller, you’ll need to fully settle your existing loan before the sale, and PAF can provide the ‘cash advance’ for upfront loan settlement.
Aside from loan settlement (seller) and loan application (buyer), paultan.org PAF will also handle the necessary procedures required in an ownership transfer – think road tax/insurance, Puspakom inspection and the actual ownership transfer by JPJ.
This convenience is for a fee starting from just RM700, and for every approved application, customers will receive exclusive vouchers from Carro Care, Blueair air purifier (RM500 for P1 model), Xcite Audio Accessories (15% off storewide excluding Kenwood and Nakamichi products), DODO mat (RM500), IROAD dashcam (10% discount, no minimum spend) and Harman Kardon car audio (10% off) to enhance the ownership of your new ride.
Buy/sell your car using paultan.org PAF and you’ll get exclusive promotional rates to refresh and beautify your newly-acquired set of wheels at Carro Care. Enjoy a 15% discount on maintenance jobs, a 20% discount on repair jobs, and a 25% discount on refurbishment jobs, valid one month from the date of ownership transfer.
A one-stop shop for all your car needs, Carro Care builds on decades of experience from Jardine Cycle & Carriage and provides body & paint services (full respray with three-year paint warranty, dent repairs), periodic maintenance and services for tyre and brakes, air con and interior/leather.
If you’re interested, head onto our Private Auto Finance microsite and fill up the form. You can also Whatsapp us your enquiry.
*Terms and conditions apply
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