I Sold My 9 Year Old Car For RM10K+ Myself Without Using Carsome
Рет қаралды 45,003
Жыл бұрынI just sold my car! Initially I wanted to take the easy way by using a used-car platform like Carsome but they offered me an extremely low price. So, I decided to do it myself! And I got to sell my car for twice the price! This is how I did it.
NOT JUST THAT! Cost of insurance is something we often not take into consideration when buying a car as well! If you are someone who are not driving often, you can actually SAVE MORE on your motor insurance with this policy that I found:
👉 bit.ly/msigv1
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@MrMoneyTV Жыл бұрын
Cost of insurance is something we often not take into consideration when buying a car as well! If you are someone who are not driving often or less travel distance, you can actually SAVE MORE on your motor insurance with this policy that I found: 👉 bit.ly/msigv1
@alvinrodney6229 Жыл бұрын
Mr. Money, didn't this car get slammed into the side by a taxi some months back? Did you mention about the accident? Also I have a feeling you new car is the BYD Ato electric car.
@markgoh8302 Жыл бұрын
When did the new owner pay the balance of 11K? Did he pay via internet banking at the JPJ during name transfer?
@freihy Жыл бұрын
Honestly this is super helpful even to someone who's looking to purchase a used car from a private seller as well! I've always wanted to buy my first used car from an invidivual but had no idea how the process was going to be like so seeing the whole process from the seller's perspective really does help out
@MrMoneyTV Жыл бұрын
Wish u all the best! Yes if can buy directly from seller it can be a pretty good deal but u also gotta make sure the car has no problem la. So if can bring to a mechanic n check it out before buying
@animeanime8907 Жыл бұрын
Hi there, are you still looking to get a used car?
@davehie Жыл бұрын
These kind of videos on "adulting", actually helps a lot.
@RoberttSmithh Жыл бұрын
Love this channel bro. Very helpful for malaysians
@hazelnuts23 Жыл бұрын
Giving this a like. Good job with the tutorial
@isaacchung1826 Жыл бұрын
Good video! Please do more such topics.
@klpj-estate414 Жыл бұрын
For carsome, u can actually reject their direct offer and go for bid, I did that and got more then what I wanted
@user-uw1br3cr8d 11 ай бұрын
True. You can negotiate or try another agent like Mudah to get a better price.
@PalataoArmy Жыл бұрын
I just sold my 2015 saga at 15k. Before that went to carsome they quoted me rm7k, wtfffff. I'm rather sell it myself due to its excellent engine condition even compression above 190 psi for all cylinder, cvt gb performs superb, even at full passenger, can tekan naik genting 100kph easy. So, use mudah, the best way, sold it within one week.
@ZhiKeong6 Жыл бұрын
They offered me 6k for saga manual 2013😂, but they sold at 17-18k on their website,too much profit for them.😆😆😆. I was shocked when I get that low price 😂
@funofboredom Жыл бұрын
1. You can get your original vehicle registration card before settling your loan. 2. You can pass PUSPAKOM with tinted windows if they meet JPJ standards.
@joeysis Жыл бұрын
The buyer pay by cash or loan from bank? What's the procedure will be if loan from bank? Need to wait for bank approval and so on...? Thx
@thefloki1071 Жыл бұрын
Thanks for sharing this.
@raimee81 Жыл бұрын
This was very helpful. However I think the key point here is if you can settle the car loan. If you cannot do so, any deviations from the process you outlined in the video to sell the car yourself?
@michaelleong3052 Жыл бұрын
Will be excellent to understand how the remaining payment was arranged with the buyer. Best practice after accepting deposit
@MrMoneyTV Жыл бұрын
Good idea maybe we’ll do a follow up post
@ahmadfrhn97 Жыл бұрын
@@MrMoneyTV if you need second opinion on this, let me know.. i’m a hobbyist car seller 😂
@kuanty5337 Жыл бұрын
@@ahmadfrhn97 Let me know if u're interested to deal a Mazda 3.
@lividcompiler Жыл бұрын
Up!
@TheUrbanRebel Жыл бұрын
I am thinking of selling my car but when I got to know the quote from carsome...tak jadi lah... this gives me new hope...hahaha Thanks!
@MrMoneyTV Жыл бұрын
Go for it man
@interlogicmedia8104 Жыл бұрын
@@MrMoneyTV but the problem is my loan still about 10k. Of course if I sell the car, i can maybe get around 18k. But there is the additional step of settling the loan.
@mielangau2012 7 ай бұрын
Thanks for the tips
@jeromeliew 11 ай бұрын
Hi, I have got question to ask: 1. I am selling a company car, the market is around 95-100k (carlist), should i also be listing at that price or lower? 2. If the buyer is intending to buy using loan for my 7 years old car, what should i be aware of? 3. Do we process all the payment first, before do a proper name transfer at JPJ? or how? Thanks Mr. Money...
@xcjsmith5310 Жыл бұрын
like you say, if no rush, I would probably sell my car personally, but since I am an introvert and not good with people, I would probably hire car selling platform New car is Honda? since you are wise with money, I think fuel efficient and high re-sell value is what you look for.
@MrMoneyTV Жыл бұрын
Actually I think carsome is this bidding thing that allows u to put ur car up for bids. Heard it works well for certain car models. Hmm… maybe it’s a porsche?🤔
@123angelsfromhell Жыл бұрын
Can you do a video on how to buy and apply for a loan for both, new and second hand cars?
@Lalitaditya100 Жыл бұрын
I have a loan with public bank, i payed off the loan early, but I didn’t get any receipt from public bank , what is the next step if I want to sell my car off ?
@YokeMeiNg Жыл бұрын
So the buyer pay u the balance before or after the ownership transfer? I ask this question because I believe both parties are worry whether the other party can be trusted or not.
@FirdausIsmail1 Жыл бұрын
can you share your yearly maintenance cost for that Peugeot my friend?
@obiwankenobi7399 7 ай бұрын
Who should pay the car inspection Puspakom & ownership transfer JPJ fees ? Seller or Buyer?
@ekeongcheah4825 Жыл бұрын
did you get early settlement discount?
@yixinjournal Жыл бұрын
I wonder if I can use the same way to sell my Yamaha G3 grand piano for 18k.
@shaunsttey Жыл бұрын
May i ask when exactly does the buyer pay the balance amount? Is it before, during or after signing the jpj transfer form?
@mas-pt8ym 11 ай бұрын
I don't think in this scenario the buyer helps settle the loan balance. As Mr Money mentioned, if you don't have the means to settle the loan yourself, should opt for the used car platform.
@kheekuanchen1280 Жыл бұрын
I think I saw u in ur ride with registration number of Wxx 777?
@bluishblueblack Жыл бұрын
Thanks for sharing this selling experience. Just curious as you mentioned this is 9 or 10 year old car, did you take out a 9 year loan? Would you do that again? Why or why not? In the end, how much did this car cost inclusive of interest? How much net of the final loan payment did you recover? Hope you can share!
@MrMoneyTV Жыл бұрын
Yes I took out a 9 year loan at that time. My biggest money mistake. I had 7k left as loan balance so I “made” some money I would say.
@r.sakarollsafe1285 Жыл бұрын
@@goalman18 better advise... scout for a great 2nd hand car instead and pay up using cash like in the video. greater value for money. don't be so itchy to buy new car, next year also keluar again better face-lift and what not. If so itchy, then better prepare yourself for the loan payment of a product that will cost only 10-15% of the ori price max. bear in mind, KEYWORD : GREAT 2nd HAND CAR
@Sangsinga682 Жыл бұрын
@@goalman18 I own a 97 Toyota ae111 bought in 2004 for cash 40k. Still driving it because it is cheap to maintain. I do not travel as well. So I am already prepared for early retirement.
@coltrain7 Жыл бұрын
@@Sangsinga682 AE111 for 40k? Are you serious? Can find in mudah less than 10k
@Sangsinga682 Жыл бұрын
@@coltrain7 I mentioned I bought for the price in 2004. Now only worth 5-6k. Worth keeping. Parts still available. Very cheap too. Insurance less than rm 300. I only need a transport. Not a lifestyle. That way you save more $ and build wealth faster and enjoy later (delay gratification).
@johannazulkifli4 Жыл бұрын
My brother bought a car from Carsome and they didn’t check the odometer tampering part and sold it anyway to him T__T apparently the original owner tampered with the mileage…was lower than the real mileage…my bro went to check with Proton to confirm…but unfortunately my brother also didn’t do his due diligence prior to purchase…for those who may fall prey to this…demand mileage report or sthg from the service centre or sthg to validate so u won’t get scammed T_T
@Sangsinga682 Жыл бұрын
Used car industry in need of regulation. In the UK there is a website where you can find out about the history of the car including accidents.
@liewchean7487 Жыл бұрын
When the new owner see this video Owner: Aiyaa....sudah beli mahal😂😂
@donovanmix Жыл бұрын
Hi how can I reach out to you for advertisement or video shooting for my client ?
@MrMoneyTV Жыл бұрын
Hey Stanley can email us at mrmoney@mrmoneytv.com
@taehyundong2273 Жыл бұрын
Same here tho. They only sell lower than the insurance value
@aaron5014 Жыл бұрын
Feel like you are kinda dissing Carsome/Other platforms, but happy for you Mr Money for selling it at a higher price 😂!
@MrMoneyTV Жыл бұрын
Haha no la. They also have to make money wei. It makes no economical sense for them to offer me to buy at market price for consumersz
@aaron5014 Жыл бұрын
@@MrMoneyTV make sense !
@iLoveMelakaCars Жыл бұрын
Habis lah. Rahsia runner terbongkar 😢 😂
@waihong7880 Жыл бұрын
if I sell personally through mudah, is it possible to keep the car plate number?
@MrMoneyTV Жыл бұрын
Yes you can. But u need to first transfer the number out to another vehicle like a bike first
@mas-pt8ym 11 ай бұрын
@@MrMoneyTVonce transferred, then the initial car would be plateless no?
@Jjames126 Жыл бұрын
May I know do you need to settle the car loan before JPJ name transfer?
@user-uw1br3cr8d 11 ай бұрын
If you do not settle your car loan, how are your to transfer it to the new owner./
@mas-pt8ym 11 ай бұрын
The video shows that Mr Money went to the bank first to settle the loan before going to puspakom.
@markgoh8302 Жыл бұрын
When did the new owner paid the balance?
@sataylou91 Жыл бұрын
Sooo when would you receive the rest of the 10,500? Straight after you transfer ownership?
@MrMoneyTV Жыл бұрын
Yes. I asked the new owner to transfer it over in JPJ itself during the name Transfer.
@ryanchong6215 Жыл бұрын
@@MrMoneyTV Your sum was small , I am wondering what if the sum was higher say 50k and above?
@mas-pt8ym 11 ай бұрын
@@ryanchong6215 also wondering this as well. How to go about if the owner needs to take out a loan to pay for our car?
@BalvinderSingh-ps7mi Жыл бұрын
I hope you withdrew your NCD from the Peugeot and transferred it to your new car
@ngeamtw89 Жыл бұрын
You bought A NEW PEUGEOT 408 !!
@HuntaKiller91 Жыл бұрын
Im a wee bit worried the price is too low aswell Carsome quote my wife's kenari for 6.5k,a bit low than my expected 8k lh I still hv my kia spectra now,bought 6k in 2015 hopefully i can get 5k out of it tho with ur tactic😂
@marcuschai9823 Жыл бұрын
Wait how is the 408 depreciation that bad. I’m looking to sell my Peugeot 208 2014 for like 20k
@MrMoneyTV Жыл бұрын
Thanks to NAZA. Bought the car in 2014 Jan at 110k NAZA decided to reduce the price by April to 68k for new car. 👍🏻 instant 40% offf for new car and used car value died.
@JohnDoeTheFirst Жыл бұрын
'Carsome has left the chat'
@SiroccoSeven Жыл бұрын
Bought the new byd atto 3?
@avaxis Жыл бұрын
Surprised Mr Money had a Peugeot. Was expecting you to be savvy with money and drive a Toyota.
@MrMoneyTV Жыл бұрын
Haha bought this when I was still young n stupid 😂
@jenchino1924 Жыл бұрын
Buggatti Veyron, Mr Money will be the next Top G
@MrMoneyTV Жыл бұрын
If I can buy that car…. I think I won’t be making this video. 😂😂😂😂
@ngsk6839 Жыл бұрын
Who paid the puspakom and transfer charges,seller or buyer?
@MrMoneyTV Жыл бұрын
Seller. In this case myself 😁
@ngsk6839 Жыл бұрын
I think that is the way, I was put off from buying from a seller because she insisted I must pay for puspakom fee.I told her that as a buyer I can only buy if seller's car is certified fit for sale.
@ckphanchannel4822 Жыл бұрын
you know what? is a great video for those who dont have this kind of knowledge. but in another way, everyone want to sell their car at higher price , so you are making the used car dealer to buy your car at high price & sell it with low price? Certain brand comes with demand but some doesnt. Used car cant sell the car with the same condition as you sell to them, they have to at least paint it, as you know paint job will be around 3k, they have to include all these cost when they give you a quot. so it mean, all used car dealer can close their shop. throw away their rice bowl.
@ect8565 Жыл бұрын
i will go for mudah also though i must say answering low ballers/flippers are darn annoying. what car you bough? i guess not a french anymore
@elvinayapp765 Жыл бұрын
Becareful when dealing with Carsome. They are known to sell badly damaged cars n passing them off as accident free. I guess the accident was given free ....
@samng67 Жыл бұрын
Oh no, another scamming n con company on the prowl.😬
@praveenmarkandu Жыл бұрын
The biggest take away from this video is......................... don't buy a Peugeot. LOL. RM110K to RM11K in 9 years? Also don't get 9 year HP loans.
@MrMoneyTV Жыл бұрын
U are right my friend
@urmomisnice2276 Жыл бұрын
Ya the resale value sucks.. I bought a Volkswagen Passat 2013 for 160k and sold it in 2018 for rm20k.. stupid me.. now I only buy Honda or Toyota..
@BigMik388 Жыл бұрын
Peugeot used car price 😅consider ok la. We sold ours 12years old at 2k+
@kasimpatalon4648 Жыл бұрын
I don’t buy cars for their resale value😂
@hansared8668 Жыл бұрын
Any tips for buying a good used car?
@barryshung 10 ай бұрын
I can help to look for good used car . Depend on your choice
@nafisalsahmi Жыл бұрын
Toyota cross or honda crv ..i can imagine u use this car
@rex-ov4bi Жыл бұрын
I guess you will buy back perodua
@hazelnuts23 Жыл бұрын
Tesla 3?
@MeteorX11 10 ай бұрын
Life is short bro. Just enjoy your money with something that you like.
@francispua3210 Жыл бұрын
So mafan, I rather sell it to selling car platform😆
@SkyVergil83 Жыл бұрын
wow... i thot Carsome will give better offer then other 2nd hand car seller...
@idealoptique Жыл бұрын
not anymore
@incisor78 Жыл бұрын
I think Alphard suit your uncle look 🤣🤣
@MrMoneyTV Жыл бұрын
Hahaha executive lounge? 😂 need to hire a driver
@Dasani31 Жыл бұрын
@@MrMoneyTV haha me is driving a 2004 alphard that my family pass down to me. Still reluctant to buy a new car. But that alphard is solid. Parts is easy to get original, oem or halfcut.if you want a reliable car just get a toyota especially the recond made in japan. You could only notice the quality after 15 years owning it. It just doesnt break.
@dannyharridz Жыл бұрын
💪
@hakimasyraf1191 Жыл бұрын
fyi, carsome / mytukar both are used car 'centre', same as all used car u can see anywhere. both will offer higher price compare to other used car not 'market' price/ direct owner price.
@MrMoneyTV Жыл бұрын
Yes. That’s right they also need to earn money 😀
@Mr360attack Жыл бұрын
From 110k to 10k in 9 years is crazy. Japanese car 9 years 80k to 40k 😂🤣
@Lawz1993 Жыл бұрын
Buy what you can afford or feel right~ Not follow majority or old thinking reliable Toyota mindset~ I bought a used 2012 K5 for sometime and almost finish my payment~ From 60k mileage to 130k now~ Didnt give me any problem. Normal wear and tear no need mention la~ It did not broke my bank like what my friend told me. In the end is his 2019 Vios that broke before mine. My other friend BRV didnt have much problem than his Vios~ Maybbe he unlucky haha and another 5years for him~
@hsheuw Жыл бұрын
You have serious guts to purchase such an unreliable car 😮.
@MrMoneyTV Жыл бұрын
Hahaha it’s called courage. When I was young and stupid. But have to say it’s nice to drive
@whybotherha1021 Жыл бұрын
i think this one better than 508 wor.
@edhirxtrastrange 7 ай бұрын
Sold my 1.6 THP and they asked for 5k lmao
@rameshgnasegarah5641 Жыл бұрын
He bought a Vios 2023
@kirkchua Жыл бұрын
Perodua to Peugeot to?? I guess proton S50 or x90? 🤭
@wolger 11 ай бұрын
Back to Perodua lol
@yle3002 Жыл бұрын
this guys so happy selling his 100k+ car for 10k 🤣
@aqinari Жыл бұрын
i think yr new car is Tesla Model 3 😁
@alextks93 Жыл бұрын
C300
@NovakR546 Жыл бұрын
Just try not to go to carsome,these ppl treat u like u r so desperate for the money n will give u ridiculous price,try to sell urself instead of going to them
@ngwengsheng5571 Жыл бұрын
Wow u from Klang?
@MrMoneyTV Жыл бұрын
No la 😂 just nearer to my place
@ngwengsheng5571 Жыл бұрын
@@MrMoneyTV icic find one day eat bkt hahaha
@deepankannan9758 Жыл бұрын
Puspakom is a must? Can skip?
@bigbang20091 Жыл бұрын
Cannot
@BBoyZaii Жыл бұрын
Can. Pay to skip.
@MrMoneyTV Жыл бұрын
NOPE
@Lawz1993 Жыл бұрын
????
@z3ro941 Жыл бұрын
Bad reputation company, after agreed and confirm, settle off my bank loan, this so call carsome company cancelled my deal anyhow, the agent said company just decide not buying any car for the year. 😡
@donnyyeo Жыл бұрын
Toyota Vios 2023
@alibaba-ez7mm Жыл бұрын
buy honda high seken hen value 😄
@ThAsSq30 Жыл бұрын
millionaire next door book - financially literate only buys toyota
@eddyloh5888 Жыл бұрын
Lesson learn don't buy the lion logo car.
@MrMoneyTV Жыл бұрын
Hahahahaha that’s a good one. It’s a beautiful car but if I were to buy it again, I would go for second hand one straight
@incisor78 Жыл бұрын
@@MrMoneyTV More important question is how much did you spend on average in maintainance per year over the 9 years of ownership?
@alanteoh146 Жыл бұрын
@@incisor78 Interested to know as well 😄
@Ckzz27 Жыл бұрын
Electric car? haha
@Akemisherilyn Жыл бұрын
Vios?
@georgelockhart6335 Жыл бұрын
tesla
@helloguysssss Жыл бұрын
VW
@amirism91 Жыл бұрын
i think you buy a ferrari
@yy-3732 Жыл бұрын
New car peugeot 3008
@ledarmband Жыл бұрын
Conclusion don get conti car xD
@Vanguardkl 11 ай бұрын
money guru buying a Peugeot? gosh.
@dragonport6132 Жыл бұрын
buying european car, bad investment ever ? haha
@hhujan69 Жыл бұрын
when is a vehicle ever an investment? 🤔🤔 even japanese vehicle loses value
@Lawz1993 Жыл бұрын
Car is not investment~ Property is~
@brandenburg2388 Жыл бұрын
Carsome really sucks..........
@harithhadi5886 Жыл бұрын
Mercedes Benz AMG
@MrMoneyTV Жыл бұрын
Haha I wish
@blablabushz Жыл бұрын
Carsome price sucks lar
@handgunzig3742 Жыл бұрын
tesla, for more content
@goalman18 Жыл бұрын
Proton x50? Hahahahahh
@MrMoneyTV Жыл бұрын
Nice car. But too claustrophobic for me 😂
@madxp9668 Жыл бұрын
If the interior were good enough Adjust the mileage to 80+k, car wash all the oil and stain, 1 layer body paint Sell the car for 14k
@PCDC924 Жыл бұрын
Carsome quote are horrible 🥲🥲
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