Throughout our lives, it is quite unlikely for us to own just one vehicle. Factors contributing to this include increasing maintenance cost and reliability of aged vehicles, change of requirements, or as simple as a personal reward or an upgrade. Here is the procedure for a typical private vehicle ownership transfer if you do not intend to engage a runner’s service.
1. If the vehicle to be transferred is still on loan, the owner of the car has to clear the balance with the bank. A bank slip and the grant will be given.
2. Get the below form from any JPJ office or downloadable from their web site. The forms are
- Borang Semak TM-1 (2 copies)
- Borang JPJK3 (2 copies)
- Borang TM-AB (to be signed by both buyer and seller)
3. Have the vehicle inspected at a Puspakom outlet for vehicle inspection. A fee of RM30.00 will be charged and a statement of vehicle fitness (K5) will be issued. Vehicles that failed cannot proceed until it has been rectified and retested.
4. The new owner then needs purchase a new insurance cover.
5. Bring the completed forms, Puspakom K5 result statement, vehicle registration grant (JPJK2), insurance cover letter, certified copy of buyer and seller’s IC, and RM100 transfer fee to JPJ.
6. If the vehicle involved was on hire and purchase but has been cleared, the JPJ officer will stamp a DIBATALKAN mark on top of the finance institution’s name on the grant.
7. The procedure at JPJ office is normally completed within the same day. However, there might be occasions where JPJ detains the documents for verification. That being the case, a copy signed by the officer will be issued for temporary use. The applicant will then be called in on a future date to collect the new registration or vehicle card.
For car sellers, there are a few additional details to keep in eye on. They should make sure the documents for the transfer of ownership are in order before surrendering the vehicle. In addition to that, it is best to inform the bank about the car disposal and clear off remaining debts.
For would-be car buyer, be mindful of the cars previous history. You may run through the car’s registration number in JPJ and traffic police records before hand. This is to prevent any unsettled summons from the previous owner being passed onto you.
