Document background
A Letter Of Intent To Sell Car is commonly used in Malaysia as a preliminary step in vehicle sales transactions, whether between private individuals or involving commercial entities. This document serves as a formal written expression of the parties' intention to enter into a vehicle sale transaction, typically used before finalizing the actual sale and transfer documents required by the Malaysian Road Transport Department (JPJ). While not legally binding for the final sale, it helps establish clear communication between parties and documents key terms such as vehicle details, proposed price, and timeline. The document is particularly useful in Malaysian vehicle transactions where parties want to formalize their initial agreement while arranging financing, conducting vehicle inspections, or preparing final transfer documentation. It provides a structured framework under Malaysian law for proceeding with the transaction while protecting both parties' interests during the preliminary stages.
