Wahanaya.lk articles
Practical advice on buying, selling, leasing and looking after a vehicle in Sri Lanka.
Showing 110–121 of 121 articles
A higher lease rate raises your monthly instalment and the total interest you pay, and the effect grows with a longer tenure. Check whether your rate is flat or reducing balance, and use a calculator before signing.
Wahanaya.lk team7 min read
Sri Lankan leasing companies check your CRIB credit record, income proof, the down payment you can afford under current CBSL rules, your age, and sometimes a guarantor, before they approve a vehicle lease.
Wahanaya.lk team6 min read
For most private buyers in Sri Lanka, leasing is faster to get and needs less paperwork, while a bank loan gives you full ownership from day one and can cost less in total interest if you qualify. Compare the true reducing-balance rate on both before deciding, not the advertised flat rate.
Wahanaya.lk team8 min read
Price the car firmly, screen buyers on the phone before you agree to a viewing, and take a refundable deposit once someone says yes. Anyone who won't commit to any of these three steps is a time-waster, not a buyer.
Wahanaya.lk team6 min read
You can sell it, but the leasing company is the legal owner until the facility is settled. Clear the lease (or get the finance company's written release) before any transfer at the DMT, or the buyer's money won't get them a clean CR.
Wahanaya.lk team8 min read
You transfer ownership by filling MTA 6 and MTA 8 forms, handing over the CR book and NIC copies, and the buyer lodging these at the DMT within 14 days of the sale, paying the class fee, service charge and 1% stamp duty.
Wahanaya.lk team9 min read
Compare 8-10 similar ads for the same make, model, year and mileage, then adjust for condition, service history and documents. Price slightly above your target so you have room to negotiate, and confirm the transfer fees and stamp duty before you settle on a final figure.
Wahanaya.lk team6 min read
Before you pay, match the chassis and engine numbers to the CR book, confirm the revenue licence, insurance and emission (VET) certificate are valid, and test the gearbox, clutch and suspension on a real road. Never hand over money without seeing the original registration book.
Wahanaya.lk team7 min read
Never pay any money before you see the vehicle and its original CR book in person, confirm the seller's NIC matches the registered owner, and do the money transfer and ownership transfer on the same day, ideally at a bank or the DMT office.
Wahanaya.lk team6 min read
Pick a small, simple car with a small engine and easy parts supply, confirm your licence status first, and budget for insurance and the revenue licence on top of the price — not just the cheapest sticker you can find.
Wahanaya.lk team7 min read
Buy from an established dealer if you want convenience, some paperwork support and light protection; buy from a private seller if you're confident checking a vehicle and documents yourself and want the lowest price. Either way, insist on genuine papers and a fast RMV transfer.
Wahanaya.lk team7 min read
Don't trust the dashboard number alone. Check the car's wear against its claimed mileage, pull its VET emission test history for past odometer readings, and ask for the service book or Japan auction sheet before you pay anything.
Wahanaya.lk team8 min read
