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voncrane
post Aug 6 2018, 01:29 PM

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QUOTE(vvip @ Aug 5 2018, 11:30 PM)
is it a must to collect the new car on the same day salesman call?
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No!
voncrane
post Sep 4 2018, 07:03 AM

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QUOTE(ic3kacang @ Sep 3 2018, 04:17 PM)
is there by any chance that the SA will just sell me a showroom car without me knowing?
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Yes.. Chance is very high if one dealt with an unethical salesman. I would know, been there. Don't always trust what they say. There are those who would blatantly lie or misrepresent a vehicle despite you strictly telling you do not want a display vehicle. All to close the sale. Worse than unscrupulous roadside used car salesmen.
voncrane
post Nov 20 2018, 10:59 PM

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QUOTE(JakkReaper @ Nov 20 2018, 10:39 PM)
How to ensure one don't get display car then?

Also, can I apply for loan without 3 mths payslip?
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If you are one easily pleased and won't bother about such.. Then it's better not to bother and not know.. Just continue living in lala land. Else, check everything.. VIN, Tags, look for scratches or wear and tear that shouldn't be there on a new vehicle.. Ask for delivery or factory release docs, etc.. Up to you to know how much fuss you want to put up.. of course, be polite about it, don't be that a$$hole and watch out for signs of deception. Once the SA says he/she doesn't know this or that about the car's origins (things they should know), one too many times? I'd bounce. You can't walk into a showroom and walk out without paying for a car and getting documents.. Similarly, they must have paper trail of the car in question. These are things I know now to do, that I didn't do earlier cuz I trusted too much.. Next time, it's my cash, my rules..

Yes, there are other ways.. but based on your financial profile and the bank. You are not limited to only applying to one bank or through the SA for a loan. You can shop around yourself and try to score a better rate. Going with the SA's suggestions or they run for you, is just to make it more convenient for you..is all.

This post has been edited by voncrane: Nov 20 2018, 11:02 PM
voncrane
post May 18 2019, 11:14 PM

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QUOTE(crusher @ May 18 2019, 02:16 PM)
Hi guys,

Done got my loan application approve.

Just receive the SMS notification from Proton saying the booking request got on the same day.

Banker and car seller asked me sign the loan agreemrnt first before the car arrive.

Is it safe to do so? I scare if sign already car dont know when only arrive..
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While it's fairly "harmless".. I would not sign any such agreement without actually setting eyes on or at minimum a car waiting (at the branch/dealer) to be registered in your name. Just to be safe. Of course, this tactic depends on how sought after the car in question. Cuz, some sales agents will take those who've gotten loan approval more seriously than those that just placed a booking and refused to commit further.

QUOTE(Archemedia @ May 18 2019, 08:47 PM)
Why scared? the car belongs to the bank now... the bank should worry more
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AFAIK, he should be scared.. He could be signing that he must begin loan repayments even without getting the car first. In most cases, yes the car belongs to the bank, but the loan belongs to you. The car is only a collateral in-case you aren't able to continue servicing the loan. This only works if the car is worth more than the loan balance, should any issues occur. Else, must topup the difference to the bank.
voncrane
post May 20 2019, 08:00 AM

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QUOTE(crusher @ May 19 2019, 10:36 PM)
Just being careful and understand better how it works.
Since I have received SMS from Proton itself, i think can verify with proton directly right
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Yes, you can verify from the branch you booked. A car is just a car.. Don't rush it, there's going to be stock today or next year biggrin.gif.. As with any items purchase, when one rushes into things, you tend to overlook stuff and open yourself to being cheated by a dishonest salesman. As long as you have a good financial record, banks will be willing to loan you money anytime. So take your time, double check all is good with the car before they plan to register it in your name. Then only agree. Most loan officers can come to your workplace to get your signature. They want your money after all..

This post has been edited by voncrane: May 20 2019, 08:01 AM
voncrane
post Aug 31 2019, 12:48 PM

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QUOTE(kogilah93 @ Aug 31 2019, 12:08 PM)
hi , i have signed public bank car loan agreement on 2 july 2019. And i still not pay deposit because i have told to the car finance im in a hard situation and i need time to settle down and will come and pay the deposit , so he said alright no problem . My question is when will  the car loan expire if i didnt pay the deposit ?
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AFAIK, that loan offer would last for about 3 months. And as you've experienced.. You can back out of it. Return when you are ready again. Can reapply again with the same or different bank if the current offer has expired.
voncrane
post Jul 12 2020, 10:23 AM

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QUOTE(Holidae @ Jul 12 2020, 01:49 AM)
I already sign bank loan. So when should i pay the depo? Before or after receive car. The car got no stock. Have to wait. Help me please.. because before this, the sales advisor ask me to thumbprint with usedcar BEFORE my loan is approved-saying that already approved only pending boss sign. And i fall for that. After a while, used car come kacau me to get my car. So i cannot trust this SA anymore. Need ur advice pls.. depo before or after receive car?
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QUOTE(Holidae @ Jul 12 2020, 01:53 AM)
What if my car got no stock and i have to wait? So when to pay the deposit?
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TLDR: You must pay and or sign all before car can be registered in your name. No reg? no car to receive either.

Try to relax.. Loan OFFER signed is just loan offer signed. There's a time period which you can back out freely. I think it's around 3 months or could be longer. but last I checked, it's at least that much. Provided no disbursements or heck car registered in your name yet. You can back out of any such deals with no penalties. Branch A no stock? Branch C has? Just terminate and go deal with Branch C. Depending on the bank, you may or may not be required to resubmit supporting documentation. Me? I only paid booking fees, saw the car to be reg in person.. Confirmed it'll be mine.. Then only submit loan docs, la etc.. Once that approved, return to branch to make further payments and meet with used car dealer same time.. They checked the car, all okay.. we agree price, they agree to pay the dealer.. Balance I paid.. Bank loan officer also came and docs signed, etc.. Couple days later, car was reg and can zoom off d.. I told USed car fella, must wait till my car's ready.. then only I relinquish. He agreed.. So same day new car was ready? used car fella was there too. So I drove in with the old and drove out with the new.. No fuss, no hassle.. Oh yeah, people can request the same thing with home delivery. But then, you can't get to inspect the car in the showroom before you sign the delivered docs.

I'm sorry to hear that you got tricked into selling your current wheels before there's even stock for your new ride. Sucks, cuz legally...The used car fella owns your car d and can demand it. Your SA messed up. Should never have allowed the transaction to complete without having a physical car on site marked for you. I would switch SAs..
voncrane
post Jul 13 2020, 10:13 AM

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QUOTE(Holidae @ Jul 12 2020, 10:32 AM)
SA is so confident that my loan will be approved after 2 3 days. Thats why ask me thumbprint with usedcar. I know nothing (ya i know dumb) and trust this lady. Unfortunately it took almost a month for me to sign with bank. Sigh. Usedcar cannot wait anymore

Toyota sri rampai motozoom.
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Nah fam, you aren't entirely to blame. Typically, when we want to buy a new vehicle..There's that excitement of owning a new "toy". So we overlook a few things. Regardless if expert or not, the SA should have envisioned this. Loan confident to be approved slow or fast doesn't matter if there isn't any car on site ready to be registered to you. Definitely knowing such info, she should not have asked you to finalize the sale of your current ride with the used car dealer. At most, it's meet up, they check the car out.. You discuss and agree on a price and shake on it. Then when all's good and ready? You meet up again to thumbprint all. The SA has failed you the buyer and unless you can come to some agreement with the new owner about delayed delivery. IMO, nothing much can be done..Dealer has been patient for a month..That's long d. So try talk with the dealer about that, perhaps pay a small fee as rental?. Meanwhile, I strongly suggest you at least call up other branches in your state or state close by. You've already decided on the car model and variant, loan approved too. I'm sure another branch with a ready car will have a competent SA willing to get your car to your asap.

Lastly, we all learn. Now you know better and won't kena next time.. Can advice others in future too.

 

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