Retired lorry driver duped into paying more for car

Discussions General
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JOHOR BARU: He sold his Toyota Camry for an Avanza due to cheaper maintenance but found himself having to pay more.

Retired lorry driver Chan Ah Kaw, 57, had approached a second-hand car dealer who told him he could sell the Camry and settle the RM100,000 bank loan by mid-August.

In September, when I checked with the bank, I was shocked to find that the loan was still not settled, Chan said, adding that he had even paid the dealer RM8,000 as commission for disposing of the car.

He went to the dealers office in Taman Nusa Bestari, Skudai, but it was closed.

I even tried to call him but the number was no longer in service, he told a press conference organised by Bandar Baru Tampoi MCA branch chairman Michael Tay.

Chan claimed that he trusted the dealer and handed over his car after signing the invoice for the sale. He even cancelled the cars insurance policy.

Chan managed to track down the new buyer, named Chin, who claimed to have paid RM53,000 to the dealer for the Camry.

I told the man that the car is still under my name as the ownership had not been transferred but he refused to listen.

He told me to refund the money if I wanted the car back, he said.

When contacted, Chin said he bought the Camry from the dealer in mid-August.

Chan, meanwhile, has to continue paying the RM1,800 monthly instalment for a further seven years.

Johor Baru (North) OCPD Asst Comm Ruslan Hassan said Chan and Chin had lodged reports.

http://www.thestar.com.my/news/story.as … sec=nation

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I’ve always laughed at people who sell their better cars for a ‘cheaper, newer’ one because of ‘costs’, especially if the older car has not been fully paid up. If you really add it up, it’s not worth the time and money, and then you owe the bank longer.

A friend of mine sold his Camry for a Vios. His costs are still pretty much the same, only that now he renews his debt with his bank, and his ‘new’ car has less power and less room than his original.

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That’s really sad for things like that to happen to anyone…imagine if you are left off paying a car which you don’t have…That is a nightmare happening to some for years now…so be aware of the rules in purchase and sales coz this ever happen to a friends of mine who is working his days off to pay a car which he didn’t even have himself because of cases like this…

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haiya… should be a nightmare for him. a good lesson to ppl out there. careful while dealing with this kind of mid-person. if got extra money, go for a new car.

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It’ll be interesting to find out what happens next. Chan still owns the Camry unless ownership has been transfered so Chin is the one that should be more worried. Like ian says it’s good to be cautious when you asked to spend money to save it.

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Hahaha just realised how funny the article sounded;

Retired lorry driver Chan Ah Kaw, 57, had approached a second-hand car dealer who told him he could sell the Camry and settle the RM100,000 bank loan by mid-August.

Chan managed to track down the new buyer, named Chin, who claimed to have paid RM53,000 to the dealer for the Camry.

When contacted, Chin said he bought the Camry from the dealer in mid-August.

Chan, meanwhile, has to continue paying the RM1,800 monthly instalment for a further seven years.

Johor Baru (North) OCPD Asst Comm Ruslan Hassan said Chan and Chin had lodged reports.

…speaking of which - I see LOTS and LOTS of used car dealers all over town now. Outside houses, by the drain, on empty plots of land, etc. etc. etc.

Then I see alot of cars being repossessed by the bank. At one plot of land, I counted up to 80 cars! The used car market seemed as if it’s gonna collapse.