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Sold my car through consignment agent but yet to receive my full payment


Johndoezxc7
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  On 2/16/2022 at 2:10 PM, Johndoezxc7 said:

Hi all need to ask for opinion here.

i sold off my car thru a consignment agent last month. Did the transfer of ownership on 28-Jan and was told I will get the rest of payment for my car in about 10 days time. 10 days passed money never come in. Tell me will transfer by 15-Feb cos CNY blah, blah, blah. 15-Feb passed again CNY , COVID blah blah blah..

I am getting a bit worry. I have buy and sell cars before but all thru AD. First time selling thru a consignment agent. Is it normal to take this long for the fund to be release?
 

in case I don’t get my money back any channel I can pursuit to get back my money?
 

TIA for the feedback and comments 

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Money gone, go make a police report for fraud or cbt now, if you havent

Edited by Throttle2
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  On 2/20/2022 at 3:39 AM, BabyBlade said:

Give chance la. I was the same at Flowerpod as I don't login regularly, only when I need information. Sometimes when I read replies, it could be days, weeks or even months later. Not everybody uses the forum like us on an almost daily basis. 

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Not complaining, just find it a bit strange. So eager to ask for advice and yet not interested to read the responses!

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TS should be very concerned. Transferred ownership liao means deal completed. The agent can just say cash was paid on the spot which was why owner transferred. Your words against his.

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  On 2/20/2022 at 3:39 AM, BabyBlade said:

Give chance la. I was the same at Flowerpod as I don't login regularly, only when I need information. Sometimes when I read replies, it could be days, weeks or even months later. Not everybody uses the forum like us on an almost daily basis. 

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but such a question post, wouldnt the TS be anxious!!! since money "lost" post here for advisory

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  On 2/21/2022 at 9:48 AM, Fitvip said:

Not complaining, just find it a bit strange. So eager to ask for advice and yet not interested to read the responses!

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Then he might be the consignment agent? post this question to see what can the "owner" can possible do to him?

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  On 2/16/2022 at 2:10 PM, Johndoezxc7 said:

Hi all need to ask for opinion here.

i sold off my car thru a consignment agent last month. Did the transfer of ownership on 28-Jan and was told I will get the rest of payment for my car in about 10 days time. 10 days passed money never come in. Tell me will transfer by 15-Feb cos CNY blah, blah, blah. 15-Feb passed again CNY , COVID blah blah blah..

I am getting a bit worry. I have buy and sell cars before but all thru AD. First time selling thru a consignment agent. Is it normal to take this long for the fund to be release?
 

in case I don’t get my money back any channel I can pursuit to get back my money?
 

TIA for the feedback and comments 

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Let me share my story, which happened in 2004.

sold my bmw coupe to dealer for export during last year of COE.

price confirmed through phone and sms, then dealer gave me cashiers order short of a few grand and said will pay in a few days.  Ownership transferred
a week later still nothing, called him he avoided, then he ask his wife to call me to say he is overseas.  So i waited 2 more days.  But that passed too, so i went down to his office (reputable preown dealership ) and requested to see the boss.

told him in person what happened. Then he told me to wait and he went into his room. After 5-10 mins, came out with a check, said sorry for his karkia incompetance and passed to me.  Depo check and cleared.  Case closed.

Lesson : better to deal with bigger shops, but whatever it is only money talks , shit walks .  No such thing as anything less than full payment in future.

 

Edited by Throttle2
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  On 2/24/2022 at 8:33 AM, Throttle2 said:

Let me share my story, which happened in 2004.

sold my bmw coupe to dealer for export during last year of COE.

price confirmed through phone and sms, then dealer gave me cashiers order short of a few grand and said will pay in a few days.  Ownership transferred
a week later still nothing, called him he avoided, then he ask his wife to call me to say he is overseas.  So i waited 2 more days.  But that passed too, so i went down to his office (reputable preown dealership ) and requested to see the boss.

told him in person what happened. Then he told me to wait and he went into his room. After 5-10 mins, came out with a check, said sorry for his karkia incompetance and passed to me.  Depo check and cleared.  Case closed.

Lesson : better to deal with bigger shops, but whatever it is only money talks , shit walks .  No such thing as anything less than full payment in future.

 

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You are the lucky few. Anyway, I think TS is a hoax. Not kan cheong at all. Or kena buried alive by car dealer?

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Simple, TS started a thread. Then the dealer ask him go and talk. During the talk. TS kena blanket and bye bye liao. Case closed. 😂

 

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  On 2/24/2022 at 8:48 AM, Achtung said:

You are the lucky few. Anyway, I think TS is a hoax. Not kan cheong at all. Or kena buried alive by car dealer?

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As mention TS is the car dealer himself! Preparing himself for any pattern the victim can do to him 😅

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The transfer is online realtime one.

You see the full amount in your bank account then you do the transfer.

:D

No see full payment no do transfer.

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  On 2/24/2022 at 9:14 AM, Jamesc said:

The transfer is online realtime one.

You see the full amount in your bank account then you do the transfer.

:D

No see full payment no do transfer.

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100% true. Any dealer that cannot pay full just don't sell to them whatever price they offer. 

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  On 2/24/2022 at 9:14 AM, Jamesc said:

The transfer is online realtime one.

You see the full amount in your bank account then you do the transfer.

:D

No see full payment no do transfer.

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This is provided there is no existing loan to be settled.. 

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  On 2/24/2022 at 10:13 AM, Dilemma said:

This is provided there is no existing loan to be settled.. 

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Got existing loan lagi best

Finance company will not release car for transfer until outstanding amount is settled

 

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