Advice needed - Car caught fire mins after selling off..

[Kopites]

TS sibei heng.. least u were not driving and it caought fire..

Please..we should be glad that no one got injured not only TS. Car sale person though not the saint type but still another fellow human being.

 

Firstly, has the LTA transfer being done (pin number).

 

Second if the insurance coverage under dealer or TS.

[Winson93]

Pulling things out of my backside ok...this advice is worth about as much as you are paying for it...

 

1. Had you cancelled your insurance on the car?

2. Was the transfer formally updated in the LTA database as belong to who at the time of the fire?

 

As to value - isn't an insurance company supposed to pay "market value"?

Wouldn't the purchase agreement at $XYZ be proof that indeed the car is worth $XYZ?

Just because the insurance co says $ABC you don't have to agree - you can dispute if you have good evidence to back yourself up

 

car now at workshop for damage assessment..

 

insurance still under our name, have not been transferred to dealer yet, so most likely the claim will be from our side

 

car has not been updated in LTA database yet, so i guess we still own the car, not the dealership

 

so far the settlement between us and dealer are still going well, but no concrete settlement reached yet as they also will wait for the damage to be assessed and see how much insurance is going to cover

That's right. Check under the bonnet, it could be a fish being fried that caught fire.

 

 

 

 

 

Joking dun serious, k?

hahaha, under bonnet no damage leh everything looks perfectly fine

 

 

dealer who was driving said that a taxi driver passed by right after the fire broke out, lucky the taxi driver had fire extinguisher to put out the fire right away. if not the damage could have been much worse...

 

moral of story : buy a fire extinguisher, keep in ur boot!

Edited June 26, 2015 by Winson93

[Othello]

Get Legal advice.... my point of contention is whose car is it at point of fire. Nothing to do whether insurance cancelled or LTA transfer done. As far as you are concerned, there is (or is there not?) an agreement for the physical transfer(handover) of the car effected on Day - Date. Dealer would have their own insurance and they are bound by LTA guidelines to complete the S&P by doing the transfer within the stipulated time.

 

It's just like exercising an option. House is not legally yours but you re bound by the same law to complete the transaction else you open yourself to lawsuit.

Edited June 26, 2015 by Othello

[Mkl22]

I would tell my insurance company to cancel my insurance as the sales agreement showed that you have sold the car and from that time and date the car is now under the dealer.

[GLZT]

I'm curious what amount would the insurance pay out be. The actual amount transacted? Or the selling market price?

Edited June 26, 2015 by GLZT

[Ladykillerz]

True enough like what some mcfers commented during the point of incident, who is still the right owner?

It is a close call if I am in such situation too.

In my opinion, the previous owner has higher chance of winning since the point of incident is in the midst of transferring of ownership.

I guess have to let the insurance companies from both parties to settle by themselves? Tough luck!

[Bacteria83]

 

 

10462852_985171414850804_7703633294671555155_n.jpg

 

http://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/mercedes-benz-bursts-into-flames-at-tiong-poh-road#xtor=CS1-2

Scary and heartbreaking moment for the owner haizzz.

[So_nice]

Better to get lta transfer done on the very day too. The car dealer should haf enough money to do a full settlement if u still haf outstanding loan and then do transfer at lta. It's no more then a 2 hours job

True enough like what some mcfers commented during the point of incident, who is still the right owner?

It is a close call if I am in such situation too.

In my opinion, the previous owner has higher chance of winning since the point of incident is in the midst of transferring of ownership.

I guess have to let the insurance companies from both parties to settle by themselves? Tough luck!

Got into such situation before like TS. But it's a traffic accident on the very day after handing over to the new owner. Lucky all agreements had been signed. But still quite a shit situation.

[Beehive3783]

Since transfer already completed, then the dealer got to claim from insurance company, none of your business anymore.

 

EDIT: Even if transfer not already done, you should have cancelled your Civic's insurance once the papers are signed and car handed over to dealer. That's what I did once I handed over the car to dealer.

 

 

hi all, need some advice here

 

went to car dealer, bought a 2nd hand golf, exchanged hands (signed documents, payment all settled) today morning approx 1130am. our civic sold to them as a trade in.

 

at about 1230pm, dealer called and say the civic caught fire while he was driving on the road OMG

 

he took photos to show us, luckily no one injured.

 

on our side, we definitely didnt sell them the car cause we know got problem and going to catch fire.. but i think they feel like we cheated them . (they are a reputable company, and we have good relations before this incident). we still want to keep the good relations but not sure how we can settle this

 

 

so now the question is.... who will bear the costs of this "lemon" car? will insurance do payout for such case? will it be on our side or their company side??

 

thanks in advance all

 

If that was the first and only owner to the Merc, then maybe got hweeling liao...

 

 

I saw the poor chap attending to his burnt mercs
The feeling is sad until unspeakable

 

Edited June 26, 2015 by Beehive3783

[Pinobii]

Logically speaking, the transfer has been executed n the sale documents already signed

 

It's during the transfer process, execution stage that this happens

 

Assuming that it is not a fire n a mechanical fault or accident, the new owner would be responsible

 

Hope everything will be sorted out smoothly for TS

 

Lucky no one is injured

[Beehive3783]

Logically speaking, the transfer has been executed n the sale documents already signed

 

It's during the transfer process, execution stage that this happens

 

Assuming that it is not a fire n a mechanical fault or accident, the new owner would be responsible

 

Hope everything will be sorted out smoothly for TS

 

Lucky no one is injured

 

Huh????? Don't understand.

[Pinobii]

 

Huh????? Don't understand.

Good morning, very paiseh, didn't write clearly

 

the transfer documents were signed, assuming that it's not a fire that happen but an accident.

 

the dealer took the car out and got into accident, who would be responsible for the accident?

 

I would think its the dealer

 

Err....I may be wrong....just my 2 cents

[Leo72]

I'm curious what amount would the insurance pay out be. The actual amount transacted? Or the selling market price?

No.. The insurance payout will be based on the paper value and maybe add a few k more nia... nowhere to be close to the actual amount transacted or the selling market price..

 

That's why I don't understand why people willing to pay so much more than the paper value for a 2nd hand car. The buyers can easily get into debts if shit happens and the authority also not doing anything to address this.

[flashbang]

Since payment and documents all signed, legally the car has been transferred over to the dealer. Just that the dealer hasn't gone to LTA to get the transfer reflected in the system.

 

Like what many others said, if the story was you drove your Golf off, then 1230pm you called dealer say the car caught fire, what do you think the dealer would do? You should do the same :)

[keanie]

Since payment and documents all signed, legally the car has been transferred over to the dealer. Just that the dealer hasn't gone to LTA to get the transfer reflected in the system.

 

Like what many others said, if the story was you drove your Golf off, then 1230pm you called dealer say the car caught fire, what do you think the dealer would do? You should do the same :)

When we buy a 2nd hand car n when d car is handover to us, dealer will give us a signed form with date & time stated tat anything happen to car after tis date & time, new owner is responsible. Likewise, not sure whether TS got reciprocate with similar arrangement. As for transfer of ownership with LTA, it can be done immediate online. Tis is wat my dealer done when I got a resale car last year. Even d new insurance policy already effective, d moment I drove off d car.

As, it is an accident, I suppose d dealer can still claim under d previous owner Insurance, if it's still effective.

Edited June 27, 2015 by keanie

[Chongtse]

maybe the dealer was smoking and driving at the same time. happen to my uncle before, sold the car to the dealer , less than 30 mins call back and say the front passenger seat caught fire. (was a volvo) then start to blame my uncle for selling him a car with defect seats that cause the fire. Demand that my uncle to pay the damage done. When my uncle went down to see the car, he spotted cigarettes ashes and also a cigarettes butt. My uncle wanted to call in police to investigate and the dealer admit that he is smoking. Case closed from there.

Edited June 28, 2015 by Chongtse

[So_nice]

maybe the dealer was smoking and driving at the same time. happen to my uncle before, sold the car to the dealer , less than 30 mins call back and say the front passenger seat caught fire. (was a volvo) then start to blame my uncle for selling him a car with defect seats that cause the fire. Demand that my uncle to pay the damage done. When my uncle went down to see the car, he spotted cigarettes ashes and also a cigarettes butt. My uncle wanted to call in police to investigate and the dealer admit that he is smoking. Case closed from there.

How dumb can one be?? Hahahaha

[Fastfive1]

 

 

10462852_985171414850804_7703633294671555155_n.jpg

 

http://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/mercedes-benz-bursts-into-flames-at-tiong-poh-road#xtor=CS1-2

 

Wah! Why my old W124 never burn like that?