Wahanaya.lk articles
News, model reviews, advice and plain guides to buying, selling and leasing vehicles in Sri Lanka.
Showing 182–193 of 282 articles
Yes. Leasing companies in Sri Lanka lease to self-employed people every day, but since you have no payslip you must prove income a different way, using business registration, bank statements and your IRD tax file.
Wahanaya.lk team7 min read
When a buyer finances your car through a leasing or finance company, that company — not the buyer — usually sends you the money, but only after its valuer inspects the car and its interest is noted on the new CR book.
Wahanaya.lk team7 min read
The Premio and Allion are mechanically twin sedans with the same engines and CVT gearbox, so the real choice is styling and resale value — Premio usually holds its price better, Allion is often slightly cheaper to buy.
Wahanaya.lk team6 min read
You update the address on your CR book by filing form CMT 72 with the Department of Motor Traffic (DMT/RMV), along with your CR book, NIC, and proof of the new address. As of October 2026 the DMT lists the fee for this change at Rs. 300.
Wahanaya.lk team7 min read
If your leased vehicle is stolen or declared a total loss, the insurer pays out based on market value and that money is used to settle your outstanding lease balance first. You stay liable for any shortfall and must keep paying until the leasing company confirms the facility is closed.
Wahanaya.lk team7 min read
You must lodge the transfer paperwork with the DMT within 14 days of selling your vehicle, and DMT says it will strictly enforce this from 1 December 2026. Miss it, and you stay legally responsible for the car.
Wahanaya.lk team7 min read
The number (S, 6, 5, 4.5, 4, 3.5, 3, R, RA) tells you the car's overall condition at the Japan auction, and the letter (A-E) tells you the interior condition separately. Grade 4 or 4.5 with an A or B interior is normally a safe buy; R or RA means the car had structural accident repair.
Wahanaya.lk team7 min read
The KDH wins on resale value, spare parts and service network across Sri Lanka, while the Caravan is often cheaper to buy and some owners report better fuel economy. Pick based on your use: private family van, staff transport, or a school/tour service with its own licensing rules.
Wahanaya.lk team8 min read
You transfer a gifted vehicle at the DMT using the same MTA 6 and MTA 8 forms as a sale, but the DMT values the vehicle at market value for stamp duty, not the Rs 0 you write on the form.
Wahanaya.lk team7 min read
Selling a company-owned vehicle needs the same CR book and revenue licence as a personal sale, plus company paperwork: MTA 6 and MTA 8 signed with the embossed seal (or a letterhead letter) by two directors, a no-objection letter, and the Business Registration certificate.
Wahanaya.lk team7 min read
Check the seller's CR book for an 'absolute owner' entry, then confirm it free or cheaply through the DMT's online Vehicle Information service before you pay a cent.
Wahanaya.lk team7 min read
Japan-import cars dominate Sri Lanka's market and come with a standardised auction sheet and JAAI certificate that make condition and mileage easy to verify. UK-import cars are rarer, use a V5C logbook and MOT history instead, and need more careful document checks before you buy.
Wahanaya.lk team7 min read
