Car Loan Problem, Need advise pls..
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 Jan 13 2017, 04:59 PM
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#1
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Senior Member
4,587 posts Joined: Jan 2003 From: Golden Meadow 
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you are basically screwed both ways, quick check on mudah a 2015 HRV is 90k, second hand dealer maybe take from you 90k(if this will ever happens) - you still owe bank 120k
report the car stolen, retrieve the car and continue the loan urself - u get a new car ... provided u can service the loan and not paying for another car ... weigh the option, if ur other car is an older car which if u have paid up already then good, sell that... use the new HRV |
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Jan 13 2017, 05:01 PM
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#2
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Senior Member
4,587 posts Joined: Jan 2003 From: Golden Meadow
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QUOTE(luvjiajia @ Jan 12 2017, 11:57 AM) i was thinking that if i take back the car, i will pay him back the rm15k deposit that he paid initially. But do i have to pay back the past 1 year installment that he paid off? Or those are consider as the "rental" during his possession of driving the car for past 12 months? nope - offer the help as in u will take over the car ... and the loanIt is my huge mistake when i decided to help him but he seems to taking advantage of my credit rating and causing a serious mess up with my CCRIS... i will take to him and have a clear cut to any financial related stuff from me.   do not offer anything back as in the previously paid installment - u been taken a ride here ... dont do anything dumber |
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Jan 13 2017, 06:16 PM
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#3
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Senior Member
4,587 posts Joined: Jan 2003 From: Golden Meadow
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QUOTE(klthor @ Jan 13 2017, 05:28 PM) mate, i know you are smart, but i would suggest you not to teach people doing 'grey' area things... reporting the car is stolen is silly. the police found the car in possession of her relative how? police take him and charge him? you have to know stealing is a criminal case, its not like you can call off the case just like that. bro (calling you bro with some degree of respect here) dont be silly lahthe fella 2 months never pay(as per TS) and kept on providing excuse ... when the bank comes and tow the car - who will be at loss? the TS lah who else ... ok then just so if the TS is nice - inform the relative - you are taking possession of the car and if this doesnt happen, then make the police report sometimes being nice does'nt pay ... whats the point of being nice when people treat you like shit - in this case - the description from the TS does seem to indicate thats the case ... |
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Jan 16 2017, 12:02 PM
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#4
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Senior Member
4,587 posts Joined: Jan 2003 From: Golden Meadow
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QUOTE(klthor @ Jan 13 2017, 07:23 PM) maybe should let ts to decide. im a soft approach guy, making police report will be an extreme measure which I would not try to use unless i have no choice. you are making your relative become a criminal, maybe you could say its his fault making ts to bankrupt... i have no solid experience in dealing with bank after car being towed, but reporting car stolen is like framing some1. the most will be threaten if he refuse to return thr car. few k vs framing your relative, i will pick paying few to settle. remember, crimincal record never wash away. is what he did enough for you to frame him to have crimincal record? becaus he did not steal the car, he asked ts to help him to obtain loan and he/she agreed on! so go to court he denied stealing the car? butterfly effect.... hmmm it would be damn good to have a friend or relative like you ... you need to weigh your decisions as most people will somehow end up coming for people like you as you could be deemed too nice well some or most ould or might say - give them the beenfit of doubt ... trust them with the good side but this is when people take advantage of your kindness ... for people like you - make sure you draw the line clearly as to how much you want to or can afford to help - dont get yourself in trouble yeah as for the TS - yeah you can weigh all the comments here and pick ur own decision to take but make it very clear as this happens once, it will happen again, say u pay for the dues now ... what happens if next time no calls from bank, car been towed - auctioned off ... and above 70 - you can be made bankrupt ... have fun and kung hei fatt choy |
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