{"id":31013,"date":"2022-07-20T02:00:28","date_gmt":"2022-07-19T18:00:28","guid":{"rendered":"https:\/\/carsome.my\/news\/item\/hidden-fees-when-buying-car"},"modified":"2024-07-12T10:50:37","modified_gmt":"2024-07-12T02:50:37","slug":"hidden-used-car-processing-fee-malaysia","status":"publish","type":"post","link":"https:\/\/www.carsome.my\/news\/item\/hidden-used-car-processing-fee-malaysia","title":{"rendered":"Don\u2019t Be Fooled! Here Are the Common Hidden Fees When Buying a Used Car in Malaysia"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">New cars depreciate the minute they leave the car dealership, sometimes by up to 20 percent in the first year alone. That\u2019s why buying a used car can often save you a good amount of money. That being said, many buyers who buy a used car end up paying a lot more than the listed price, thanks to the hidden fees imposed by the dealer.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These can include the Puspakom fees, car service costs, and processing fees for the used car. And the worst thing is, the fees are often inflated to drive up their profit.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are the common hidden fees you might encounter when buying a car from a used car dealer.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">1. PUSPAKOM Inspection Fee<\/span><\/h2>\n<p><a href=\"https:\/\/www.carsome.my\/news\/wp-content\/uploads\/wp\/175-inspection-featured-2.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-26437\" src=\"https:\/\/www.carsome.my\/news\/wp-content\/uploads\/wp\/175-inspection-featured-2.jpg\" alt=\"\" width=\"2122\" height=\"1412\" srcset=\"https:\/\/www.carsome.my\/news\/wp-content\/uploads\/wp\/175-inspection-featured-2.jpg 2122w, https:\/\/www.carsome.my\/news\/wp-content\/uploads\/wp\/175-inspection-featured-2-300x200.jpg 300w, https:\/\/www.carsome.my\/news\/wp-content\/uploads\/wp\/175-inspection-featured-2-768x511.jpg 768w, https:\/\/www.carsome.my\/news\/wp-content\/uploads\/wp\/175-inspection-featured-2-1024x681.jpg 1024w\" sizes=\"(max-width: 2122px) 100vw, 2122px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Before transferring the ownership of a vehicle from the seller to the buyer, it needs to pass an inspection at PUSPAKOM to certify that it\u2019s in good condition and safe to drive on the road. Below are the two types of inspections.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>B5 inspection:<\/b><span style=\"font-weight: 400;\"> This is the standard ownership of transfer inspection that\u2019s done to determine that the vehicle is safe, lawful, and is not a cut-and-joined or \u201c<\/span><i><span style=\"font-weight: 400;\">kereta potong\u201d<\/span><\/i><span style=\"font-weight: 400;\"> vehicle. The<\/span><a href=\"https:\/\/www.carsome.my\/news\/item\/what-is-a-puspakom-b5-report\"><span style=\"font-weight: 400;\"> B5 inspection<\/span><\/a><span style=\"font-weight: 400;\"> costs RM30.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>B7 inspection:<\/b><span style=\"font-weight: 400;\"> This is a more comprehensive inspection for hire-purchase vehicles, and is required on top of the B5 inspection when you take up a loan to buy the car. It covers additional inspection points including emissions, tire alignment, brakes, and speedometer inspection. The B7 inspection costs RM60.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For most used car buyers, the PUSPAKOM inspection fee should total up to RM90 which includes the B5 and B7 inspection fees. However, some dealerships charge buyers up to RM500.<\/span><\/p>\n<p><b>Read More:<\/b> <a href=\"https:\/\/www.carsome.my\/news\/item\/pre-owned-cars-misconceptions\"><span style=\"font-weight: 400;\">We Bust 5 Misconceptions about Pre-owned Cars<\/span><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">2. Loan Processing Fee<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The used car loan processing fee usually includes document handling fees, the car loan stamp duty, and the cost of dealing with the bank. While the loan stamp duty charged by most banks is only RM20, some used car dealerships charge up to RM600 in loan processing fees. They might also call it an agreement fee, or even charge you two separate loan processing and agreement fees.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To avoid paying an unnecessarily high loan processing or agreement fee, ask your dealer for a breakdown of what\u2019s included in the fee. If it seems exorbitant, you can negotiate it down or consider buying from more reputable dealers such as CARSOME. CARSOME only charges a minimal amount in loan processing fees and already includes it in the price of the car, which means that the price you see on the CARSOME website is the final price.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">3. Ownership Transfer Fee<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The vehicle ownership transfer fee is the fee you need to pay to the Road Transport Department (JPJ) when transferring ownership of any vehicle in Malaysia. In the case of personal cars, the cost is RM100 and applies to individuals who are buying used cars. It\u2019s worth noting that this fee also applies to vehicle ownership transfers that don\u2019t involve financial transactions, such as transfers between family members.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At some used car dealerships, you can get charged as much as RM500 for a vehicle ownership transfer, which is five times the cost set by JPJ. While it\u2019s understandable that they may need to pay their runners to handle the process at JPJ, you shouldn\u2019t be required to pay RM500 for it.<\/span><\/p>\n<p><b>Read More:<\/b> <a href=\"https:\/\/www.carsome.my\/news\/item\/benefits-preapproved-car-loan\"><span style=\"font-weight: 400;\">5 Benefits of Getting a Pre-approved Car Loan<\/span><\/a><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-27823 size-large\" src=\"https:\/\/carsome.my\/news\/wp-content\/uploads\/2022\/07\/GettyImages-1304682104-1.jpg\" alt=\"hidden fees in buying a used car\" width=\"1024\" height=\"683\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">4. Car Servicing Fee<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When buying a used car, you may be asked to pay a car servicing fee to cover the maintenance costs of the car borne by the dealer. This covers things such as the engine oil change, brake pad change, battery replacement, and other <\/span><a href=\"https:\/\/www.carsome.my\/news\/item\/car-service-guide\"><span style=\"font-weight: 400;\">car servicing<\/span><\/a><span style=\"font-weight: 400;\"> costs. While it\u2019s considered the dealer\u2019s responsibility to replace the fluids and consumables in the car before handing it over to the customer, many used car dealers charge up to RM1,000 in hidden car servicing fees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At CARSOME, we put all our cars through a 175-point inspection and carry out a professional refurbishment that covers mechanical and general repairs, as well as paint and body work. Even with the refurbishment cost, <\/span><a href=\"https:\/\/www.carsome.my\/news\/item\/carsome-certified-lab\"><span style=\"font-weight: 400;\">CARSOME Certified<\/span><\/a><span style=\"font-weight: 400;\"> cars are still competitively priced and do not carry any hidden refurbishment costs &#8211; it\u2019s something we take upon ourselves to give you quality pre-owned cars that are above standards.<\/span><\/p>\n<p><b>Read More:<\/b> <a href=\"https:\/\/www.carsome.my\/news\/item\/sell-car-with-an-existing-loan\"><span style=\"font-weight: 400;\">How to Sell Your Car with an Existing Loan<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, every <\/span><a href=\"https:\/\/www.carsome.my\/buy-car\"><span style=\"font-weight: 400;\">CARSOME Certified car<\/span><\/a><span style=\"font-weight: 400;\"> comes with the assurance of quality since we put each car through a 175-point inspection and professional refurbishment process. With CARSOME Certified, you know that each one of our cars is free of major accidents and flood damage while also having safety beyond standards, complete comfort, and refurbished aesthetics.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For even more peace of mind, you can also enjoy a five-day money-back guarantee and a one-year warranty on every CARSOME Certified car.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Check out <\/span><a href=\"https:\/\/www.carsome.my\/buy-car\"><span style=\"font-weight: 400;\">CARSOME<\/span><\/a><span style=\"font-weight: 400;\"> today to find a quality pre-owned car!<\/span><\/p>\n<p><b>Read More:<\/b> <a href=\"http:\/\/www.carsome.my\/news\/item\/carsome-certified-standard\"><span style=\"font-weight: 400;\">CARSOME Certified &#8211; Learn About the New Standard of Pre-owned Cars<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New cars depreciate the minute they leave the car dealership, sometimes by up to 20 percent in the first year alone. That\u2019s why buying a used car can often save you a good amount of money. That being said, many buyers who buy a used car end up paying a lot more than the listed [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":27984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Common Hidden Fees when Buying a Used Car in Malaysia<\/title>\n<meta name=\"description\" content=\"There are a few types of hidden fees such as the used car processing fee when buying a car in Malaysia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.carsome.my\/news\/item\/hidden-used-car-processing-fee-malaysia\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Common Hidden Fees when Buying a Used Car in Malaysia\" \/>\n<meta property=\"og:description\" content=\"There are a few types of hidden fees such as the used car processing fee when buying a car in Malaysia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.carsome.my\/news\/item\/hidden-used-car-processing-fee-malaysia\" \/>\n<meta property=\"og:site_name\" content=\"Carsome Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-19T18:00:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-12T02:50:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.carsome.my\/news\/wp-content\/uploads\/2022\/07\/GettyImages-1186071295-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2121\" \/>\n\t<meta property=\"og:image:height\" content=\"1414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Brian Wong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brian Wong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.carsome.my\/news\/item\/hidden-used-car-processing-fee-malaysia#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.carsome.my\/news\/item\/hidden-used-car-processing-fee-malaysia\"},\"author\":{\"name\":\"Brian Wong\",\"@id\":\"https:\/\/www.carsome.my\/news\/#\/schema\/person\/2af1ecc8d9452325d669dc5bcc365b4b\"},\"headline\":\"Don\u2019t Be Fooled! 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