Selling a car second-hand was an on-the-job learning process for me. Here is the sequence as I experienced it:
List car on online auction site. Drive over and have them photograph the car inside and out, and run tests. The car gets advertised on their website along with their report of your car's condition, according to their tests. Open bidding ensues. After 24-hours, bidding closes and the seller is informed of the highest bid. If acceptable, the auctioneer informs the bidder that the deal is on and... that's where I found myself on my own.
The bidder called me to arrange a viewing and a test drive. At this point, it would have been good for me to have had 1) downloaded a sales agreement, and 2) obtained a Transaction PIN (T PIN) from the One Motoring website, to avoid looking like such a greenhorn selling my car. Note that the T PIN is NOT to be handed over to the prospective buyer until the sales agreement is signed -- meaning that the intention to transfer ownership is confirmed.
Since I hadn't yet obtained a T PIN, I went to the LTA branch at Sin Ming. The experience was nothing like the stereotypical DMV staffed by sloths. Instead, it was over so quickly, my head was still spinning when I left, sealed T PIN in hand. Arriving there a half-hour before closing time might have helped. Maybe.
On transaction day (for me today), I exchanged the T PIN for a cheque, signed the transfer of ownership form, and we're done.
Last thing I need to do is to cancel my auto insurance policy for a pro-rated refund since the car is no longer under my name.
Sigh. Hope to see you on the roads again, old boy!
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