Wahanaya.lk articles
News, model reviews, advice and plain guides to buying, selling and leasing vehicles in Sri Lanka.
Showing 242–253 of 282 articles
To settle a vehicle lease early in Sri Lanka, ask your leasing company in writing for a settlement figure, pay the outstanding capital (plus any fee or interest they still apply), get a settlement letter, then use it to clear the absolute owner entry on your CR book.
Wahanaya.lk team8 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
Since 25 May 2026, CBSL rules set minimum down payments by vehicle type and age: 60% for new or under-1-year cars, SUVs, vans, three-wheelers and motorcycles, and 40% for new commercial vehicles or any vehicle already registered over a year.
Wahanaya.lk team7 min read
Your monthly lease payment depends on the vehicle price, your down payment, the interest rate (AER) and the lease term in months. Use the reducing-balance EMI formula, or our calculator, then add insurance and RMV costs to get your real monthly outlay.
Wahanaya.lk team7 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
Fix anything that blocks the RMV transfer (revenue licence, VET, insurance) and cheap, visible faults — skip expensive mechanical overhauls, since most buyers deduct less from the price than the repair would cost.
Wahanaya.lk team6 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
The Suzuki Wagon R is a tall, narrow Japanese kei hatchback that suits city driving, first-time buyers and small families in Sri Lanka, with low fuel use and a favourable tax class, but it struggles on hills and highways and some owners report gearbox and belt niggles.
Wahanaya.lk team8 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
After you sell your vehicle, send the RMV's MTA 8 notice within 14 days, keep copies of every signed document, tell your insurer, and confirm the buyer completes the ownership transfer so fines and liability move off your name.
Wahanaya.lk team6 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
A vehicle ad gets calls when the title has the exact model and year, the description gives honest mileage and condition details, the price is realistic, and photos show the odometer and any faults clearly.
Wahanaya.lk team6 min read
