THINGS YOU NEED TO KNOW
WHEN LOAN APPLICATION IS SUCCESSFUL
Bank will disburse payment after completion of registration and delivery of car to buyer
DURING CAR SEARCH
Information such as condition sheets and pictures of cars will be provided including analysis of price range so that buyer can have better understanding.
Buyer is liable to the payable duty should there be duty adjustment announced by customs Malaysia.
BIDDING IS UNSUCCESSFUL
In the event bidding is unsuccessful, RM15,000 deposit will be refunded fully.
10% downpayment is calculated as followed: for example, Toyota Alphard's final bid price is RM280K, 10% of it is RM28k. Deposit RM15k is paid upon bidding, balance payment RM13k to be made subsequently with 2 days, making a total of RM28k.
20% downpayment of purchase-car-price is applicable to sport cars and luxury cars that range beyond RM400k
BILL OF LADING
Bill of lading is a document that proves the car is departing to Malaysia. It will be also provided to bank for update to the details of loan agreement.
Shipment take approximately 4-6 weeks to arrive in Klang, North Port, Malaysia.
AP application will be processed as soon as the car has boarded ship. The car can only be transferred to showroom from custom terminal when AP is approved.
Final payment should be made within 3 days after the car has arrived to showroom.