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Hi, i intend to sell my car and get a used car but I still have loan with the bank abt $40K. if i trade-in and get a used car that is cheaper do i have to pay anything else? coz my main point is to either lower my monthly repayment or no need to pay anything at all.
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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?
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