Singapore Expats Forum

Found a buyer and got the LTA PIN number Now what?

Discuss anything relating to automotive here, from car leasing to buying a vehicle.

Sponsored by:
Image
AVIS Car Rental
User avatar
QRM
Manager
Manager
Posts: 1831
Joined: Mon, 17 Oct 2005
Location: Nassim hill

Found a buyer and got the LTA PIN number Now what?

Postby QRM » Fri, 25 Jun 2010 9:26 pm

This is the first time I have sold a car in Singapore. I was told I need to get a transfer Pin from LTA. This I now have in an envelope. I have already bought my new car.

The Guy buying the old one is a dealer and he said he will run through it all. Hes a nice bloke but what I have learnt in my stint in Singapore, no disrespect to any of the locals, but if theres a chance of making a fast buck and taking the piss, integrity and morals go out the window.

Just checking to see what the procedure are, Googling doesn't help, I still cant get my head around all this ESA (Electronic Service Agent) PARF, Barf, COE, Open Cat 5 COE, OMV, Quota premiums and redemptions etc.

Thanks

revhappy
Editor
Editor
Posts: 1067
Joined: Wed, 10 Jun 2009

Postby revhappy » Sat, 26 Jun 2010 2:54 pm

If you are selling your car to an individual, it is very easy. Both buyer and seller go to LTA and transfer is done in 5 mins flat!

Dealer I guess slightly complicated as you will not tfr it in the name of the dealer, so until the dealer finds a buyer, not sure whos name the car will be.

If you have gone to a reputed dealer you should be ok. If you are still worried, go to car/bike specific forum and you should get all the info you need.


  • Similar Topics
    Replies
    Views
    Last post

Return to “Cars & Motorcycles”

Who is online

Users browsing this forum: No registered users and 2 guests