Follow us on Twitter      |   Join us on    

Central Government, Connected Government, E-Government

Malaysia enables online car-ownership transfer

Ministry of Transport, Malaysia yesterday launched the online Interim Ownership Transfer System (STMS) to allow car owners to transfer the ownership of their vehicles temporarily to used car dealers.


View photos

The system will prevent car owners from getting fines and summonses, and instalment notices from financial institutions after them selling their cars to used car dealers, said Transport Minister Datuk Seri Kong Cho Ha.

Kong also explained that the fines and summonses issued for cars that were still registered under the owner’s name before being sold to a new buyer had caused many problem in the past.

With the STMS, people who sell their cars through used car dealers will be able to register their vehicles and obtain a receipt as proof that they have transferred the ownership temporarily to the dealer.

If the vehicle is not sold after six months, the used car dealer will be given permanent ownership. This is done after the used car dealer has paid the seller the agreed amount for the car and taken over the seller’s outstanding loan.

Both the seller and the dealer will be authenticated by the system by their MyKad and thumbprint. The vehicle will then be registered under STMS, which is monitored by the Road Transport Department.

“We are not making it mandatory for all used car dealers yet as we are still awaiting feedback from consumers and the dealers,” said Kong.

Kong said the STMS might be extended to used motorcycles.

Rate this article

Add your comment


July - August

Subscribe to the printed version of FutureGov


Most highly rated

Rajasthan to start online application process for driving licences

In a bid to ensure transparency in the application process for obtaining a driving licence ...

Saakshar Bharat Mission portal launched

In a bid to ensure efficiency and accountability in Saakshar Bharat (Literate India) mission, the ...

India’s govt performance guru delivers key speech

It is nine months since the Government of India announced a plan to overhaul the ...