What is a temporary transfer?

General 14/11/2016 124 Views

1 Answer

Motor Dealers on the Temporary Transfer of Vehicle Scheme
1) Motor trade users on the Temporary Transfer scheme are reminded that from 28 February 2006:
They must use their Electronic Service Agent (ESA) account (i.e. login to LTALink with their Netrust Token) to temporarily transfer a vehicle to their name in order to enjoy the exemption from ATF.
This requires a Transaction PIN from the vehicle owner;
The transfer of a Temporary Transfer scheme vehicle out of their account does not require a Transaction PIN.
They can merely login to LTALink with their Netrust Token and transfer the vehicle to the buyer. This also applies to rebates registered to their account.

Under the Temporary Transfer of Vehicle Scheme, licensed motor trade dealers or hire purchase companies could, for a transfer fee of $10, assume temporary ownership of 3 months for vehicles that were bought for resale or were repossessed from hirers respectively. Such dealers or hire purchase companies have up to 3 months from the first temporary transfer date to effect a permanent transfer of vehicle to a buyer; otherwise an extension of another 3 months of temporary ownership will be granted at an extension fee of $30 (deducted from the dealer's nominated GIRO account). Upon expiry of the 6-month temporary ownership period, a further 3-month extension in the temporary ownership period will be granted with a payment of a fee of $60 (deducted from the dealer's nominated GIRO account). A further 3-month extension in the temporary ownership scheme with a payment of a fee of $60 (deducted from the dealer's nominated GIRO account), up to a maximum of 12 months, will be granted to vehicles:
i) whose temporary ownership start date is on or after 7 March 2013; or
ii) whose 9-month temporary ownership period expires on or after 7 March 2013

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