ghostwriter

Not sure why Toyota wont put a tachometer on a entry-level hatches, I'm always imagining whether my idle sounds the same

These entry level cars, such as the Vitz and Axio are produced as fleet cars. So a small cost saving done by removing a small feature will end up as huge cost saving for companies which are buying cars in large numbers for their fleets. I only see this in Toyotas. They are still producing vitz/axios with no power shutters in the back and without no power mirrors. shame

Oh alright that makes some sense, were cars like Starlets also fleet cars back then? They too came without a Rev Counter.

What about car alarm, doesn't go off?

Too bad. Saw a wagonr which had the same fate. Even the front buffer was stolen. 

Vitz 130 doesn't come with a factory fitted alarm unfortunately. And I wasn't interested in installing one as it would interfere with the factory wiring. Might change the idea soon. 

1. Agree on a price with the buyer and get an advance and a letter written in the buyer's handwriting on the terms and conditions

2. Do a valuation. Ask the buyer to pay for it and hand the valuation over to the buyer. Get a duplicate key done, if you don't have one. 

3. Buyer will ask for a copy of the CR and a copy of the NIC. You can either give it to him or ask the finance company to contact you and give the copies to the finance company directly

4. Wait

5. Wait more if the facility is taken from a bank or People's Leasing

6. If the finance company is LOLC, wait even more

7. If the finance company is LOLC, tear your hair off around about now

8. Suddenly you will get something called a Delivery order. At this point, go to the finance company with your car and its papers, get the balance money from the buyer, get the delivery order from the finance company, hand over the original CR, original revenue license, original VIC (if applicable), original luxury tax reciepts (if applicable), sign the transfer papers provided by the leasing company AND THE CAR. If you don't have a duplicate key yet, just take any key in your house.

The moment you sign the transfer papers and get the delivery order, your dealing with the buyer is over. The car belongs to the buyer and the leasing company is duty bound to hand you the balance money. The Delivery Order is only issued after the buyer obtains full insurance and if the buyer crashes the car, the finance company is still legally bound to pay you.

However, if you sign the transfer papers but don't hand over the car and if you crash the car, the insurance company can refuse to settle and the leasing company will refuse to pay.

9. You will get the balance as a cheque from the leasing company on the next working day or two days later, if its LOLC.

wow thanks alot crosswind for taking so much of your time. I have a good idea about the process now. The buyer gave me an advance but didn't ask me to do a valuation. I will wait and see then. At least now I know what happens. Thanks alot again for you valuable time. He said it was CDB Finance he's arranging it with. 

Appreciate Crosswind. This was really helpful. Thanks for spending your time to share your experiences.