I just sold my car to a car dealer from a company under CaseTrust and SVTA. He gave me the balance payment, took my car and transaction fee, and I had them write on the purchase agreement that they need to settle my car loan before/on the 8th of June 2016. If he does not do it by then, where do I go to seek legal action? Should I go to the police, the LTA, or should I report it at Case Trust Singapore?
What is the full settlement date they use to check with bank? There is no need to be alarmed. Usually dealers will do settlement in 2 weeks. Also don't worry because dealer will not be able to transfer your car to their company if they did not full settle the car