transfer ownership

[Siao_Liao]

as per topic..do u guys know how long it take? or is it immediate?

[Guest Enjoy]

Immediate if it's done at LTA itself.

[Brook]

Originally posted by Enjoy^83@Sep 19 2005, 12:29 AM

Immediate if it's done at LTA itself.

yeah..confirmed its immediate.

 

juz transferred ownership at LTA today.

FYI, documents required are both parties IC, new owner's insurance and vehicle logcard.

 

[Kele]

do new bikes need to be transfered as well?

[L. Da Vinci]

New bikes needs registration.

[runbird]

do we have to transfer the insurance too?

need to pay?

[True_Atlantean]

Originally posted by runbird@Sep 29 2005, 12:18 AM

do we have to transfer the insurance too?

need to pay?

Hi runbird, yes u can choose to transfer insurance but usually that's a waste of money. More worth the $$ for the next owner to simply buy a new policy of his own.

 

And no, seller don't usually pay for the insurance of the buyer. Its usual for buyer to fork out the $$ for his own new policy.

[Kele]

Originally posted by legend07speed@Sep 28 2005, 09:38 AM

New bikes needs registration.

so registration includes a transfer fee?

[True_Atlantean]

Originally posted by Kele@Sep 29 2005, 03:02 AM

so registration includes a transfer fee?

Hi Kele,

 

New bikes would need to be registered with LTA once, after which it would be legal for it to be ridden on the roads. Once it has been registered, this process usually isn't repeated again, unless the vehicle was de-registered for some reason. The owner would then need to pay yearly road tax to keep the registration valid.

 

Transfer fees r paid only after the the 1st owner had bought it from the shop & decides to sell it to another person, where there is a change of ownership.

[Gallant]

Originally posted by Siao_Liao@Sep 19 2005, 12:14 AM

as per topic..do u guys know how long it take? or is it immediate?

 

Immediate?? at least U must Queue up to be served ,.

[wantonmee07]

how much does the transfer fee for 400cc bikes? doing ownself at LTA & let the bikeshop do.

 

Bike shop do the transfer issit immediate also?

[Gallant]

Originally posted by wantonmee07@Oct 12 2005, 09:26 AM

how much does the transfer fee for 400cc bikes? doing ownself at LTA & let the bikeshop do.

 

Bike shop do the transfer issit immediate also?

The transfer fee is $3.00 , but plus the addition transter fee this will

 

depend the year & the capacity of your bike.

 

When U go to LTA U will know the exact amount U need to pay.

 

 

normally quite low if 400cc. less than a hundren.

[wantonmee07]

Originally posted by Gallant@Oct 12 2005, 12:53 PM

The transfer fee is $3.00 , but plus the addition transter fee this will

 

depend the year & the capacity of your bike.

 

When U go to LTA U will know the exact amount U need to pay.

 

 

normally quite low if 400cc. less than a hundren.

less than a 100? HAHAHAa... me today become carrot head liao. kanna charge 106. lol

 

anyway thks

[Kele]

Originally posted by True_Atlantean@Sep 30 2005, 10:11 AM

Hi Kele,

 

New bikes would need to be registered with LTA once, after which it would be legal for it to be ridden on the roads. Once it has been registered, this process usually isn't repeated again, unless the vehicle was de-registered for some reason. The owner would then need to pay yearly road tax to keep the registration valid.

 

Transfer fees r paid only after the the 1st owner had bought it from the shop & decides to sell it to another person, where there is a change of ownership.

oh no, i had to pay for transfer fee when i got my new bike from the shop. which means im not the 1st owner? thats what my father says.

[True_Atlantean]

Originally posted by Kele@Oct 13 2005, 06:02 PM

oh no, i had to pay for transfer fee when i got my new bike from the shop. which means im not the 1st owner? thats what my father says.

Hmm... u mean the sales guy highlighted to u, that u would need to pay for transfer fee when u were talking over the price at the shop?

 

Sometimes, the case is that the shop wants to keep the new scoot/bike in the shop, out of the warehouse. They were then register the scoot under the name of the shop. Then when buyer comes along, they do a transfer to the buyer's name. Might that b ur case?

 

Can check on ur vehicle registration card (commonly called "log card") & see the previous transfer date. If it's just 1 or 2 days b4 urs, then likely that's the shop's transfer entry. No worries yah!

[Kele]

yup its 2 days apart! thanks for answering! :thumb:

[Gallant]

Originally posted by True_Atlantean@Sep 29 2005, 12:43 AM

Hi runbird, yes u can choose to transfer insurance but usually that's a waste of money. More worth the $$ for the next owner to simply buy a new policy of his own.

 

And no, seller don't usually pay for the insurance of the buyer. Its usual for buyer to fork out the $$ for his own new policy.

How to tranfer Insurance? The insurance company usually get the existing

owner to surrender his insurance, will refund the remaining money, & the new owner have to get the new insurance under the new owner name.They don allow tranfer, also the NCB.

[Gallant]

Originally posted by True_Atlantean@Sep 29 2005, 12:43 AM

Hi runbird, yes u can choose to transfer insurance but usually that's a waste of money. More worth the $$ for the next owner to simply buy a new policy of his own.

 

And no, seller don't usually pay for the insurance of the buyer. Its usual for buyer to fork out the $$ for his own new policy.

It is Not necessary to be in this way, when I buy my TA200 from the owner,

 

agree that he pay 1/2 year of road tax & insurance, I only setter for the transfer

 

fee. We did that.

[Gallant]

Originally posted by wantonmee07@Oct 12 2005, 11:07 PM

less than a 100? HAHAHAa... me today become carrot head liao. kanna charge 106. lol

 

anyway thks

I think They R correct, the additional tranfer fee r based on U bike cc &the year

they will work out the market value of the bike , they will charge by the

percentage of the market value ( may be 10% of the market value). so they

charge U 106 should be the correct amount.

[Gallant]

Originally posted by Kele@Oct 13 2005, 06:02 PM

oh no, i had to pay for transfer fee when i got my new bike from the shop. which means im not the 1st owner? thats what my father says.

I think the bike has been registered under the shop name before they sell the bike.

[Shawn--]

Wad about Adding Sub rider?? Where can be done.?? Also immediate wan right?

[ermintham]

so if i walk into a shop.....buyin my first bike...then i pay for the transfer of ownership and price for the bike...ok settled...the bike is mine...wat abt insurance? is it immediate if we apply thru shop..if not, means we cannot ride our bike home once we buy it is it?

 

 

and if buy frm private seller then go lta and do transfer of ownership..the insurance how? muz do b4 hand ar?

[d0n]

Originally posted by Shawn--@Oct 17 2005, 11:16 PM

Wad about Adding Sub rider?? Where can be done.?? Also immediate wan right?

to be done at respective insurance company branches

[d0n]

Originally posted by ermintham@Oct 17 2005, 11:29 PM

so if i walk into a shop.....buyin my first bike...then i pay for the transfer of ownership and price for the bike...ok settled...the bike is mine...wat abt insurance? is it immediate if we apply thru shop..if not, means we cannot ride our bike home once we buy it is it?

 

 

and if buy frm private seller then go lta and do transfer of ownership..the insurance how? muz do b4 hand ar?

if u buy 1st hand bike

normally the final price the shop quote u will include insurance premium and all the LTA registration fees

usually u need to wait for a few days before u can collect yr bike after paying deposit for it

 

 

if buy frm pte seller

1. take logcard of the bike from seller and purchase insurance yrself frm those insurance office branches....insurance paper w/ yr name etc on it can be obtained on the spot

2. proceed to LTA HQ at Sin Ming area to do the ownership transfer....new logcard w/ yr name etc on it can be collected on the spot as well

 

step 1 and 2 can be done in a single day within office hours

[ermintham]

Originally posted by d0n^@Oct 18 2005, 01:15 AM

if u buy 1st hand bike

normally the final price the shop quote u will include insurance premium and all the LTA registration fees

usually u need to wait for a few days before u can collect yr bike after paying deposit for it

 

 

if buy frm pte seller

1. take logcard of the bike from seller and purchase insurance yrself frm those insurance office branches....insurance paper w/ yr name etc on it can be obtained on the spot

2. proceed to LTA HQ at Sin Ming area to do the ownership transfer....new logcard w/ yr name etc on it can be collected on the spot as well

 

step 1 and 2 can be done in a single day within office hours

thanks for the info...cleared my doubts liao