{"id":7587,"date":"2017-05-05T06:48:47","date_gmt":"2017-05-04T22:48:47","guid":{"rendered":"https:\/\/x.www.carsome.my\/news\/selling-your-car-the-documents-required\/"},"modified":"2024-03-22T12:38:30","modified_gmt":"2024-03-22T04:38:30","slug":"selling-your-car-the-documents-required","status":"publish","type":"post","link":"https:\/\/www.carsome.my\/news\/item\/selling-your-car-the-documents-required","title":{"rendered":"How to Sell Your Car Fast: Here are the Steps &#038; Selling A Car Documents You Need"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">There comes a time when you will bid farewell to your current car, to either trade it in or pocket some cash. However, the traditional process of selling a car isn\u2019t as clear cut as getting paid and handing over your keys &#8211; there are various items involved including the dreaded paperwork.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, before you kick start the process, you\u2019ll need to understand how to <\/span><span style=\"font-weight: 400;\">sell your car fast<\/span><span style=\"font-weight: 400;\"> and what documents you will need.<\/span><\/p>\n<h2><b>What is the car-selling process like in Malaysia?\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The process is much simpler if you have settled your car loan fully. But if you haven\u2019t, it can be quite a tedious process if you are going the traditional route.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Of course, nowadays, there are easier solutions to sell your car such as selling it to us (CARSOME), where we handle everything for you. So, we\u2019ve listed both options below and have summarised the steps for your consideration.\u00a0<\/span><\/p>\n<h3><b>The traditional way of\u00a0 Selling<\/b><b>\u00a0Your Car Fast<\/b><\/h3>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Set your selling price: <\/b><span style=\"font-weight: 400;\">You will need to find out how much your car is worth &#8211; this depends on factors such as your car\u2019s model, make, year, condition, any refurbishments, and other factors. You can estimate the price using online evaluators, or find out how much other sellers are listing a car that is similar to yours. However, do note that the price varies between cars despite being the same model, make, and year as it takes into account your car\u2019s current condition as well.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Find a buyer: <\/b><span style=\"font-weight: 400;\">Once you\u2019ve determined your selling price, you have to understand that this may not be the final price you will sell it for as it depends on your negotiations with the buyer. You can look for a car dealer who can also check the value of your car (but this might be risky as he or she could undervalue your car\u2019s worth), or you can advertise your car online or put up a \u2018For Sale\u2019 sign up on your car.<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Check your car loan:<span style=\"font-weight: 400;\"> If you haven\u2019t settled your car loan, you will need to check the outstanding balance with the bank. In the best case scenario, the agreed price between you and the seller should cover your outstanding balance otherwise you would have to fork out the additional cost. For example, you sell your car for RM30,000 but have an outstanding balance of RM40,000 with the bank. Therefore, you will need to fork out RM10,000 to settle your bank loan.\u00a0<\/span><\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Get the car inspected:<\/b><span style=\"font-weight: 400;\"> Once you and the buyer have agreed to a price, you will need to get your car inspected at Puspakom. This is to make sure your car is safe to drive and legitimate to avoid stolen or cloned cars. They will also check to make sure your car abides by the legal standards and are free of any illegal fittings, such as over-tinted windows. <\/span><span style=\"font-weight: 400;\">However, take note of how the buyer intends to pay as cash payments are much easier to process and require the <\/span><a href=\"https:\/\/www.carsome.my\/news\/item\/what-is-a-puspakom-b5-report\"><span style=\"font-weight: 400;\">B5 Puspakom Ownership Transfer Inspection<\/span><\/a><span style=\"font-weight: 400;\">, while the <\/span><a href=\"https:\/\/www.puspakom.com.my\/hire-purchase-inspection\/\"><span style=\"font-weight: 400;\">B7 Puspakom Hire Purchase Inspection Report<\/span><\/a><span style=\"font-weight: 400;\"> is required if the seller intends to take a car loan to cover the cost. For more information on this, you can refer to our \u2018<\/span><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><span style=\"font-weight: 400;\">\u2019 article.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b style=\"font-style: inherit;\">You will need the following <\/b><b style=\"font-style: inherit;\">Documents For Selling Your Car<\/b><b style=\"font-style: inherit;\">:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Both parties\u2019 IC<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Original Registration Card<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">B5 or B7 Inspection Report (Puspakom)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">JPJ K3 Form<\/span><\/li>\n<\/ul>\n<h3><b>Sell Your Car Fast <\/b><b>within 24 <\/b><strong>hours* to CARSOME<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Selling a car the traditional way will have multiple back and forths that can drag on for days, if not weeks. This is provided the seller doesn\u2019t back out.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because of this, many opt to sell their cars to platforms such as CARSOME because everything, including the paperwork, is handled for you and your car will be off your hands in less than 24 hours. Plus, you can get paid in less than one hour*!<\/span><\/p>\n<p><b>Here is how you can <\/b><b>sell your car<\/b><b> to CARSOME:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Book an appointment &amp; get your car valued<\/b><span style=\"font-weight: 400;\">: You will need to get your car valued by our trained inspectors &#8211; don\u2019t worry, it\u2019s free. All cars go through a 175-point inspection before we can determine how much your car is worth. All you need to do is head over to CARSOME&#8217;s website <\/span><span style=\"font-weight: 400;\">and click on \u201cSell Your Car\u201d. Just fill in the details and wait for our call to book your appointment at the nearest CARSOME center. The inspection only takes about 30 minutes of your time.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Get offered<\/b><span style=\"font-weight: 400;\">: Once our inspector has valued your car, they will then communicate to you how much your car is worth. You can choose to accept our offer on the spot, or choose to put it up for bidding where dealers will bid for your car &#8211; there may be a chance where you\u2019ll get 20 percent higher than the market trade-in value.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Get paid in one hour*<\/b><span style=\"font-weight: 400;\">: If you decide to take the offer or bidding price, just let us handle all the paperwork and you can get paid promptly after the selling process is completed*. You also don\u2019t have to go through the hassle of the Puspakom inspection checks!\u00a0<\/span><\/li>\n<\/ul>\n<p><b>But before you head to your CARSOME appointment, make sure you have these<\/b><b> documents for selling a car <\/b><b>prepared:\u00a0<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Owner\u2019s IC<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Original Registration Card<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Approved Permit (AP) Forms (for Recond cars)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purchase Invoice (for cars purchased by cash)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Outstanding hire purchase loan statement (if any)\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Also, if you are a non-Malaysian and want to sell your car through CARSOME, we do that too! <\/b><a href=\"https:\/\/www.carsome.my\/news\/item\/selling-your-car-for-non-malaysians-and-police-army-id-registered-vehicles\"><b>Click <\/b><b>here<\/b><\/a><b> for more information.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">So, we do hope you have a seamless car-selling experience, which is possible if you sell your car to CARSOME!\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">*This subject to terms and conditions. <\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There comes a time when you will bid farewell to your current car, to either trade it in or pocket some cash. However, the traditional process of selling a car isn\u2019t as clear cut as getting paid and handing over your keys &#8211; there are various items involved including the dreaded paperwork.\u00a0\u00a0 So, before you [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":12179,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Sell Your Car Fast: Here are the Steps &amp; Selling A Car Documents You Need<\/title>\n<meta name=\"description\" content=\"How to sell your car fast is one question that many people still don&#039;t know the answers to. 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