Slow Payment by CA

[Ommph]

Hi,

 

I have read that CA is rather slow in doing payment to purchasers of their cars.

 

Did anyone else encounter this, beside the 1 bro that I know?

(I do not have the patience nor the means to wait for 6 mths before payment comes)

 

Any advice on how to avoid this?

[Fortress]

Do you mean that you are getting your new car late because of that...

[Ommph]

No...from wat i heard...you will still get ur car on time..but the cash dat they owed to u....will be late.

 

MY SE told me dat i will get the cash rebate about 2 weeks from the collection of the car. But seems like some pple get them much much later.

[Rickster]

Sound like it spells trouble for the cashflow of CA...hmmm

[Fortress]

Pardon me, do you meant from the loan or from the COE...

[Ommph]

Hi.

 

I m not veri sure as this was what i read from the forum and also from one of the friends. He told me that CA was supposed to give him the cash rebate and deposit...but he waited for about 3 months before getting anything.

 

N one of our bro here waited for 6 mths before payment...though i dunno his payment is for which one.

 

that's y i just wanna clarify this up.

[Fortress]

Sounds like a cash issue. Deposit of car not returning means they did not get the COE, COE & cash rebate has financial implications. Sounds like a PI

[Ommph]

Sori...maybe i din make myself clear..my friend is taking a full loan, so he actually asked CA for the return of the deposit.

 

Anyway, I m going down to CA for clarification and see what I can do to prevent such incident to happen.

 

Will update again.

[Try_conti]

aiyah ... enjoy ur new ride lah .... the payment will come, just a matter of time.

 

not a good idea to attribute issue to cash-flow ... have a lot of implications, u know .... . could just be administrative procedures or red-tapes etc. Who don't want to keep more $$$ in bank to earn more interest ?

 

don't want to end up another ford forum ....

[Ommph]

Oops!! I din know this could lead to that.......

 

Ok ok....then this discussion shall stop here.....anyway, i have alrdy sorted things out with CA.

 

Thanks

[Fluffy]

Hi,

 

I have read that CA is rather slow in doing payment to purchasers of their cars.

 

Did anyone else encounter this, beside the 1 bro that I know?

(I do not have the patience nor the means to wait for 6 mths before payment comes)

 

Any advice on how to avoid this?

 

after i got my COE and my loan had already been approved, i still had to wait more than a week before they could register my car with LTA, and it wasn't anything i could do on my part or anything that concerned me that caused the car not being able to be registered

 

sorry, i can't say anymore...........

[Beanoyip]

What car did you book anyway? I got the rebates 3wks after i got the car. So pretty ok on that part.

[Ommph]

A5. I have talked to CA and everything is sorted out liao.

 

Thanks for all the sharing and advices.

[Limlien]

Ur old car sold?? U got a good offer for the old car?? Need help?

[Ommph]

I have traded in my 3yrs sunny (with mileage of 110K) at 36K.

 

Thanks for offering to help though.

[Limlien]

My Sept 2003 Corolla is traded in at around $42k plus.

 

CA offer is lower!

 

keke.. if you haven traded in then you still got chance!

[Try_conti]

depend also on your pro-rated COE also mah ....

 

his is 3yrs old which means early 2004 leh ....

[Limlien]

I know lah.. BUT i am saying indirectly that the price i am given for the trade in differs and there is an OPPORTUNITY for (me) you to try to get a better options price (Not being too specific least i get into problem).

 

Cannot be like this meh??