LTA's fast and secure online process from July is expected to cut down to car scams
Car buyers will soon have to go online to complete the sales transaction and vehicle transfer - a move that is expected to eradicate car scams.
They can do so as early as July, by logging into the Land Transport Authority's (LTA) vehicle-related digital platforms using their SingPass or CorpPass accounts.
In a two-step authentication process, the buyer can ensure the vehicle is transferred to his name by electronically accepting the transfer.
The new method will be faster and save manpower cost, the LTA told The Straits Times.
But more importantly, it will eradicate scams that have hit motorists periodically.
In these scams, the seller does not transfer the car to the buyer after receiving payment, or even after the buyer has collected the car. The usual reason is that the seller has not paid the financier, who has legal right to the car.
As a result, the buyer faces the rude shock of having the car repossessed.
The new secure and seamless access also offers vehicle owners "the flexibility to perform a range of vehicle-related transactions online, any time and anywhere", an LTA spokesman added.
Currently, car dealers send people to LTA's Sin Ming office to wait in line for various transactions, including vehicle transfers, to be processed by counter staff. This can take hours as there are usually long queues, dealers said.