I’m buying a used car from a car dealer. After applying for a loan from the bank and paying the cashier order to the car dealer, how do I ensure that the used car is really under my name? Also, what are the basic ‘must-have’ documents that I should obtain from them to ensure that I can hold them accountable if the deal falls through.
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1 Answer
Damian
You can ask the dealer to transfer the car to you on the spot when you pass him the cashier order upon collection. Car loan will not be disbursed to the dealer if car is not transferred. There is not much documents when purchasing, just make sure the sales agreement is documented properly.
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over 8 years ago
