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Once you¡¯ve found the perfect car,
you will probably be asked to leave a deposit before you pay the full
amount and take delivery. There are some simple rules to follow to help
things run smoothly.
• Remember that a deposit is just that; it removes the car from sale on
the premise that you will buy it. If you cancel because you¡¯ve changed
your mind, or have found another car, you could stand to lose your
deposit.
• The level of deposit required will depend on where you are buying. A
small independent dealer may only require RM 300 against a cheaper car,
while prestige dealers could want RM 3000 against a factory order. When
buying privately, negotiate a sensible amount ¨C RM 200 is fair.
• At a garage, you can pay a deposit with cash, cheque, or credit card.
Personal cheques take time to clear and credit cards offer the highest
level of protection because any payments made are covered by the
Consumer Credit Act. This will give you greater rights if the garage
tries anything underhand.
• Only pay the balance of the deal when you pick up the car. Personal
cheques and bankers drafts are easier but personal cheques take time to
clear, while bankers drafts take just 30 minutes to verify.
• Don¡¯t try and pay large sums of money in cash.
• Credit cards may be the safest way to pay but a dealership may charge
a handling fee on larger amounts due to the commission they have to pay
on every card transaction.