Cops Probe Possible Car Sales Scam

[Chaihot5]

RED ALERT!!!!!!

 

Reports made after couple's Car is repossessed - by firm they had not heard of.

 

Summary

Couple bought a Suzuki swift from P.I., car was repossessed by unknown credit company. Credit company claims that P.I. originally sold the car to them, not to the couple

 

P.I. turns out to be a $2 company!!!!

 

LTA say it could not prevent someone from "Stealing a car and selling it as his."

 

Potential buyers beware, check your P.I. background b4 signing the dotted line.

 

What has become of our local motoring scene????

[Hades]

Sigh ... another toothless tiger ...

[Gary84]

This is simply ridiculous, how can this happen...omg~

[Mubarakrashid]

one is a Suzuki, the other Rush.. could they be in the related scam..?

 

http://www.mycarforum.com/forum/gforum.cgi...1647097#1647097

[Chaihot5]

could be...

 

sigh, hope the owners can recover their car in one piece

[Nine_eleven]

$2 company PI is just one of many reasons not to buy from PI.

 

wah lau, whats more, the Swift is only $1k cheaper than the AD model, and it's only a 1.3l car, compared to a AD 1.5l!!

 

bad deal from the start.

[Ahbengdriver]

I ve said before. We hv no rules to regulate car dealership. Thats why all sorts of monkey business ard. Our authorities r not proactive on this area

Edited November 30, 2006 by Ahbengdriver

[Galantspeedz]

its not we have no rules. the people in L*A only bother to cover their backside and nothing else. Speaking to a piece of wood get more response then speaking to them.

 

if u deal with them often enough... i am sure u will get high blood pressure sooner or later

[Ahbengdriver]

I already dealt with them few times n their kind of replies is like retarded patients replies. They are super good at giving open ended answers which doesnt answer yr questions. All they know is come in at 9am, lunch at 12pm, go home at 5pm. No farking inititiative and dead-wood materials

Edited November 30, 2006 by Ahbengdriver

[Ghostrider]

From a legal point of view...is it possible ?

 

A buys cars from XXX Pte Ltd.

XXX Pte Ltd buys cars from YYY Pte Ltd

 

So A owes XXX Pte Ltd and XXX Pte Ltd owes YYY Pte Ltd

 

Deals was done seperately...so A does not owe YYY anything as there is no sales contract with them.

 

So like dat if say you buy a condo from developer....and developer owes the contractor money. Does it means that the contractor can repo your house ?

 

Does not make any sense...

[Galantspeedz]

u forgot their teabreak at 10am and 3pm.

 

try calling them after 4pm and most likely the CSO will say they cant get the officer and will only get back to u the next day. Makes me wonder they work till 4pm or 5pm

[Blackyv]

RED ALERT!!!!!!

 

LTA say it could not prevent someone from "Stealing a car and selling it as his."

 

Potential buyers beware, check your P.I. background b4 signing the dotted line.

 

What has become of our local motoring scene????

 

typical "help" from the above---> u r on ur own. dont complain since u sign on the dot. period...

[Alanpong]

There is another case in "My Paper" headline today. A chinese guy bought a Toyota Rush from a PI 3 weeks ago & the car was being repossess by a Finance Co. Apparently, the PI still own the Finance Co and is now MIA.

 

Poor guy, now he still need to service his loan from UOB and cannot use his car...

Think i will never buy from PI. so scary

[Ahbengdriver]

can we list the names of these PIs here pls to warn the rest?

[Spiderman]

Maybe now all the AD now laughing and celebrating...

 

But buying a car from $2 company... Hmmmm...

 

A new lesson for all buyers, but just feeling sorry that we learn it off the misfortune of someone else. From now one, I think all the "legitimate" PIs must hang their ROC printout on the wall.

[Nine_eleven]

well, put it this way, you're going to spend tens of thousands of dollars on a new car, and you choose to save $1,000 and risk your car being sourced from one shady dealer to another?

 

penny wise, pound foolish.

[Falc]

They bought from Bellcar which is NOT stated as a $2 company. But Bellcar bought the car from CarZone to sell to consumer and Car Zone is $2 company.

 

I think there's no case for the repossess by Kenso since COE and LTA records show the consumer as the owner and UOB as the financer. Just bl@@dy sianz to have gone thru this kind of ordeal.

[Falc]

Is there a clear way to find out if the dealer is it's own importer or a "reseller"?

 

Bellcar seems quite reputable, at least not the 6-in-1 company but still this kind sh:t happens.

Edited November 30, 2006 by Falc