So, you want to sell off your used car yourself without agent? Let me tell you what happened in the last two weeks when I sold off my car and went through all the process.
Case: I sold my car as I am buying a new car. Insurance NCD was transferred from old car to my new car.
1. Advertise your car and get a serious buyer
2. Examine your car at PUSPAKOM, it costs RM30 for ownership transfer. You will get a report
3. Ask the buyer to purchase car insurance policy under his name. He will need your car registration card. At this point, your old car will have two active insurance policy. This is fine
4. Get your money, go to JPJ and fill up a vehicle ownership transfer form, and go to the counter. Both previous and new owner will need to do thumb print verification, and to pay RM40. Be sure to bring the car registration card and PUSPAKOM report. New owner name will be printed on the car registration card
5. Trade done! Now, you can go and cancel your old car insurance policy, they will reimburse the premium. Tell the insurance company that you would like to transfer the NCD to your new car, and they will give you a document. You will hand this document to your new car agent
6. Car agent will reimburse your new car insurance policy discount back to you. For me, they issued a cheque
7. Lastly, I drove my new car to the bank to sign my hire purchase agreement. DONE!
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