Pixel18 1st Gear June 1, 2013 Share June 1, 2013 A lesson is to avoid small used car dealers - from experience, none are honest. Those reputable ones that are subsidiary to major car makes should be much more reliable. ↡ Advertisement Link to post Share on other sites More sharing options...
CH_CO 6th Gear June 1, 2013 Share June 1, 2013 (edited) Yes, i will not contact him any more for now. Unless he agrees to return my full sum. Do remember even if he agrees to return , you need consult the lawyers for proper procedures since you have filed with the police , there is certain legal indemnity that needs to be done. That said I am no lawyer , best you consult one. Edited June 1, 2013 by CH_CO Link to post Share on other sites More sharing options...
Kuan9779 Neutral Newbie June 1, 2013 Share June 1, 2013 Do anyone has experience in buying 2nd hand car with this dealer Corsica trading? Thanks for advise? Link to post Share on other sites More sharing options...
Yeshe Turbocharged June 1, 2013 Share June 1, 2013 Do anyone has experience in buying 2nd hand car with this dealer Corsica trading? Thanks for advise? never heard of it, probably wont buy from them Link to post Share on other sites More sharing options...
Wt_know Supersonic June 1, 2013 Share June 1, 2013 (edited) really cannot understand buy direct from seller why still want to go through used car dealer .... the process and steps to complete a transaction is easily available in internet .... just follow it and transaction can be completed within 2 days ... To let others be aware of their next direct owner car purchase and the available options. If buying direct from sellers no need go to middle man car dealers for loan service since not buying cars from them, just call and go to bank referred trusted loan brokers or even sgcarmart connect which provide loan service Edited June 1, 2013 by Wt_know Link to post Share on other sites More sharing options...
ATTB 2nd Gear June 1, 2013 Share June 1, 2013 Do anyone has experience in buying 2nd hand car with this dealer Corsica trading? Thanks for advise? Never heard before. Reliable bo..? Link to post Share on other sites More sharing options...
Ictruall 5th Gear June 1, 2013 Share June 1, 2013 Yes, i will not contact him any more for now. Unless he agrees to return my full sum. If it was my call, in short: I would hear him out at the station in the presence of the IO before taking a stand. "Negotiate towards a settlement", there is a reason why this statement exist and you and only you should decide if you are comfortable with the platform or to accept the eventual settlement laid in front of you. However, please do consider: 1. Recovery/loses $$$$$, how much is your acceptable level. 2. Legal position, how strong is your case. 4. Legal costs, how much is manageable. 5. Time on hand, how much can you spare. 6. MCF advises, are they truly in your interest while you do not know who are actually giving them or if they are also sincere. perhaps yes but on the other hand, perhaps no Do not be mistaken, I am not saying this guy should not be called a SOB or does not deserve to get his bolls super-glued and placed in a deep fryer. What I am saying is your and only your decision should be one that is practical, never in a haste or retaliation and equally important, not one that is driven by emotions, your's or otherwise. I did not elaborate on the above points for obvious reasons and I do hope you think hard to seek them out. Be good or bad as we age, we gather all kinds of experience and some will place us at cross-roads faced with difficult decisions. Decisions then are not about winning or losing but coming to terms and getting the best out of the situation, therafter moving on with life with less aches and stress. Hope things work out comfortably for you. Link to post Share on other sites More sharing options...
D3badge 6th Gear June 1, 2013 Share June 1, 2013 My suggestion to protect comsumer with 50% downpayment. Eg. If 2nd hand car cost SGD$100k, comsumer needs to place a deposit of SGD$50k to bank and earmark before loan is being approve. Bank will than disperse SGD$100k to 2nd car dealer. like that at least safer right? net net still taking a loan SGD$50k. rational since bank need to disperse SGD$50k of loan to 2nd hand car dealer, might as well "services and protect" comsumer by dispersing SGD$100k since comsumer already place SGD$50k deposit to bank. any other idea to improvise? Link to post Share on other sites More sharing options...
Xers007 Supercharged June 1, 2013 Share June 1, 2013 My suggestion to protect comsumer with 50% downpayment. Eg. If 2nd hand car cost SGD$100k, comsumer needs to place a deposit of SGD$50k to bank and earmark before loan is being approve. Bank will than disperse SGD$100k to 2nd car dealer. like that at least safer right? net net still taking a loan SGD$50k. rational since bank need to disperse SGD$50k of loan to 2nd hand car dealer, might as well "services and protect" comsumer by dispersing SGD$100k since comsumer already place SGD$50k deposit to bank. any other idea to improvise? but who is gonna pay for the extra bank charges? Link to post Share on other sites More sharing options...
Spurman Supercharged June 1, 2013 Share June 1, 2013 PArt of the car sales price. Say 50k. Bank charges 1%? Pay for safety? Link to post Share on other sites More sharing options...
Dreamgear Neutral Newbie June 1, 2013 Share June 1, 2013 Why need to pay 50% downpayment before transfer? I an thinking that the buyer can place a deposit of maybe $500 to $2k, and the balance of the 50% downpayment by cashier order upon transfer at LTA. Workable? Link to post Share on other sites More sharing options...
Wt_know Supersonic June 2, 2013 Share June 2, 2013 (edited) really depends on the used car dealer as there is no regulation to control them if you want the car that is available by this used car dealer ... the dealer will tell you it's our company policy that you need to downpayment to them so that they can proceed ... the question is who is more hungry ... the dealer or the buyer ... unless there is clear regulation to dictate the process Why need to pay 50% downpayment before transfer? I an thinking that the buyer can place a deposit of maybe $500 to $2k, and the balance of the 50% downpayment by cashier order upon transfer at LTA. Workable? Edited June 2, 2013 by Wt_know Link to post Share on other sites More sharing options...
Blackyv Turbocharged June 2, 2013 Share June 2, 2013 really depends on the used car dealer as there is no regulation to control them if you want the car that is available by this used car dealer ... the dealer will tell you it's our company policy that you need to downpayment to them so that they can proceed ... the question is who is more hungry ... the dealer or the buyer ... unless there is clear regulation to dictate the process Why need to pay 50% downpayment before transfer? I an thinking that the buyer can place a deposit of maybe $500 to $2k, and the balance of the 50% downpayment by cashier order upon transfer at LTA. Workable? There are many regulation on properties agents but none on car agent... Link to post Share on other sites More sharing options...
Wt_know Supersonic June 2, 2013 Share June 2, 2013 (edited) ban the mother father gentlemen dealer from bidding coe ... that's the LEAST govt can do ... but until now still no action even if buyer-vs-buyer bidding the coe is >$100K ... i got no complain as it's a true fight dealer should focus on selling car ... the decision of bidding coe should be on the hand of the buyer again, there is a conflict of interest for dealer to sell car and bid coe ... isn't the govt is always look into conflict of interest? There are many regulation on properties agents but none on car agent... Edited June 2, 2013 by Wt_know Link to post Share on other sites More sharing options...
Yeshe Turbocharged June 2, 2013 Share June 2, 2013 ban the mother father gentlemen dealer from bidding coe ... that's the LEAST govt can do ... but until now still no action even if buyer-vs-buyer bidding the coe is >$100K ... i got no complain as it's a true fight dealer should focus on selling car ... the decision of bidding coe should be on the hand of the buyer again, there is a conflict of interest for dealer to sell car and bid coe ... isn't the govt is always look into conflict of interest? have lah, looking at conflict with their own pocket $$$$ Link to post Share on other sites More sharing options...
Wt_know Supersonic June 2, 2013 Share June 2, 2013 (edited) imagine that dealer CAN only sell new car to buyer who had already secured a coe buyer walk into a showroom with a coe on hand ... he is king ... that makes the car market competitive now buyer walk into a showroom ... dealer is king ... tell you go flykite if you don't like what is offer ... and the same old same old is offer among all dealer ... they set the coe rebate ... they decide how many bids ... whatever i am not asking to buy a car dirt cheap or dealer making a loss ... i am just saying at least a fair play Edited June 2, 2013 by Wt_know Link to post Share on other sites More sharing options...
Tiger1 6th Gear June 2, 2013 Share June 2, 2013 The relevant ministries are already MONITORrrrrING the situation. Let them do their job, might be able to finish monitorrrring in another 20 yrs. Link to post Share on other sites More sharing options...
Wt_know Supersonic June 2, 2013 Share June 2, 2013 (edited) 20 years? that's fast ... The relevant ministries are already MONITORrrrrING the situation. Let them do their job, might be able to finish monitorrrring in another 20 yrs. Edited June 2, 2013 by Wt_know ↡ Advertisement Link to post Share on other sites More sharing options...
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