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30 replies to this topic | 57 praises

#1

Posted 11 July 2018 - 08:41 AM

rex73
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Guys, need some advice. Sometime end May i viewed and bought a used car (coe left 1.5yrs at about $27k) from a dealer. Till date in July, ownership has not been completed and i have not paid any installment apart from first installment which i paid together with downpayment when i drove away the car. Brief sequence of events below:
1) Day 1 - View and placed a $500 deposit
2) Day 2 - Sent car to my workshop for checks and negotiated price down further as some repairs needed
3) Day 4/5 - Loan aprroved. Collected car along with a cheque for downpayment and first installment.
4) July - It has been a month plus and dealer kept delaying the transfer of ownership. I have also not received any form of installment advice from approved bank. I have been constantly messaging and calling him but all sort of excuses given and last given yesterday was cash flow problem.

What sort of actions can i take at this point of time ? Very stressful :(
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#2

Posted 11 July 2018 - 08:55 AM

RadX
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another one.

 

Which dealer is this?  


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#3

Posted 11 July 2018 - 08:57 AM

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Its a dealer in Midview. Dealer promised to revert by today. I will post the dealer name again later for benefit of doubt

Edited by rex73, 11 July 2018 - 09:03 AM.


#4

Posted 11 July 2018 - 09:17 AM

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Guys, need some advice. Sometime end May i viewed and bought a used car (coe left 1.5yrs at about $27k) from a dealer. Till date in July, ownership has not been completed and i have not paid any installment apart from first installment which i paid together with downpayment when i drove away the car. Brief sequence of events below:
1) Day 1 - View and placed a $500 deposit
2) Day 2 - Sent car to my workshop for checks and negotiated price down further as some repairs needed
3) Day 4/5 - Loan aprroved. Collected car along with a cheque for downpayment and first installment.
4) July - It has been a month plus and dealer kept delaying the transfer of ownership. I have also not received any form of installment advice from approved bank. I have been constantly messaging and calling him but all sort of excuses given and last given yesterday was cash flow problem.

What sort of actions can i take at this point of time ? Very stressful :(

Better go down to get the transfer done asap. And also your car maybe tow away anytime since the full payment is not made to the previous finance company.


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#5

Posted 11 July 2018 - 09:38 AM

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Guys, need some advice. Sometime end May i viewed and bought a used car (coe left 1.5yrs at about $27k) from a dealer. Till date in July, ownership has not been completed and i have not paid any installment apart from first installment which i paid together with downpayment when i drove away the car. Brief sequence of events below:
1) Day 1 - View and placed a $500 deposit
2) Day 2 - Sent car to my workshop for checks and negotiated price down further as some repairs needed
3) Day 4/5 - Loan aprroved. Collected car along with a cheque for downpayment and first installment.
4) July - It has been a month plus and dealer kept delaying the transfer of ownership. I have also not received any form of installment advice from approved bank. I have been constantly messaging and calling him but all sort of excuses given and last given yesterday was cash flow problem.

What sort of actions can i take at this point of time ? Very stressful :(

Out of curiosity, have you paid for your car's insurance, since you did not mention in your points above?



#6

Posted 11 July 2018 - 09:42 AM

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Yes, i have paid using my credit card and have received the insurance certificate. Wierd part is no deduction done to my card yet.

Edited by rex73, 11 July 2018 - 09:42 AM.


#7

Posted 11 July 2018 - 10:37 AM

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Your dealer told you yesterday that they have cash flow problem??? [sweatdrop]

 

I hope they will really transfer the ownership to you by today as per promise .... and not revert to you with some other excuses again ... [dead]

 

 


Edited by Mzrmazda3, 11 July 2018 - 10:37 AM.


#8

Posted 11 July 2018 - 10:38 AM

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Headache bros..

#9

Posted 11 July 2018 - 10:54 AM

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Yes, i have paid using my credit card and have received the insurance certificate. Wierd part is no deduction done to my card yet.

No deduction from credit card means premium not paid yet.



#10

Posted 11 July 2018 - 11:14 AM

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Yes, i have paid using my credit card and have received the insurance certificate. Wierd part is no deduction done to my card yet.

 

 

insurance takes a while

 

what is worrying is the transfer of ownership.  you passed them the t-pin and all?

 

go down with them immed to do the transfer

 

no excuses.  LTA is next door


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#11

Posted 11 July 2018 - 11:24 AM

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insurance takes a while

 

what is worrying is the transfer of ownership.  you passed them the t-pin and all?

 

go down with them immed to do the transfer

 

no excuses.  LTA is next door

 

he buy car not sell car... got t pin meh?


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#12

Posted 11 July 2018 - 11:25 AM

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he buy car not sell car... got t pin meh?

 

hahah..oh yah hor...he no existing car

 

my bad....


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#13

Posted 11 July 2018 - 11:26 AM

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Guys, need some advice. Sometime end May i viewed and bought a used car (coe left 1.5yrs at about $27k) from a dealer. Till date in July, ownership has not been completed and i have not paid any installment apart from first installment which i paid together with downpayment when i drove away the car. Brief sequence of events below:
1) Day 1 - View and placed a $500 deposit
2) Day 2 - Sent car to my workshop for checks and negotiated price down further as some repairs needed
3) Day 4/5 - Loan aprroved. Collected car along with a cheque for downpayment and first installment.
4) July - It has been a month plus and dealer kept delaying the transfer of ownership. I have also not received any form of installment advice from approved bank. I have been constantly messaging and calling him but all sort of excuses given and last given yesterday was cash flow problem.

What sort of actions can i take at this point of time ? Very stressful :(

 

you say loan approved.... which bank or finance company or in house?

 

If bank or finance company, call them

 

if in house... rush to your religion place of worship  now and pray


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#14

Posted 11 July 2018 - 11:39 AM

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you say loan approved.... which bank or finance company or in house?

 

If bank or finance company, call them

 

if in house... rush to your religion place of worship  now and pray

call him bo?

 

 

_73560406_bomohaircraft.jpg


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#15

Posted 11 July 2018 - 11:58 AM

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call him bo?

 

 

_73560406_bomohaircraft.jpg

 

hearsay he went thailand


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#16

Posted 11 July 2018 - 05:12 PM

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you say loan approved.... which bank or finance company or in house?

If bank or finance company, call them

if in house... rush to your religion place of worship now and pray

Yup, called bank and confirmed approved. Now everyday pray :-)

Edited by rex73, 11 July 2018 - 05:13 PM.


#17

Posted 11 July 2018 - 10:50 PM

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Siao liao, dealer dunno lost how much this World Cup. I feel you bro!



#18

Posted 12 July 2018 - 01:00 PM

2016fxt

Guys, need some advice. Sometime end May i viewed and bought a used car (coe left 1.5yrs at about $27k) from a dealer. Till date in July, ownership has not been completed and i have not paid any installment apart from first installment which i paid together with downpayment when i drove away the car. Brief sequence of events below:
1) Day 1 - View and placed a $500 deposit
2) Day 2 - Sent car to my workshop for checks and negotiated price down further as some repairs needed
3) Day 4/5 - Loan aprroved. Collected car along with a cheque for downpayment and first installment.
4) July - It has been a month plus and dealer kept delaying the transfer of ownership. I have also not received any form of installment advice from approved bank. I have been constantly messaging and calling him but all sort of excuses given and last given yesterday was cash flow problem.

What sort of actions can i take at this point of time ? Very stressful :(

 

in a typical car sales agreement, it is usually stated that before collect car, you need to do a full payment (typically in cashier order)

then upon handing over the cashier order, dealer immediately on the spot shall activate the transfer of ownership (key in system with LTA pin), before u sign the handing over agreement and drive off

 

i wonder on day 1 deposit paid, did you even know what kind of sales agreement you signed with this dealer, such that he is now allowed to delay the transfer for so long



#19

Posted 12 July 2018 - 01:49 PM

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Yup, called bank and confirmed approved. Now everyday pray :-)

 

have they disbursed the loan?


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#20

Posted 12 July 2018 - 05:08 PM

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have they disbursed the loan?

Dont think so because car not under my ownership yet according to bank.

Edited by rex73, 12 July 2018 - 05:09 PM.



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