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 Car loan "trick"?

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dares
post Jul 7 2017, 04:16 PM

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very common. You see those "special edition" variants of a model with leather seats and bodykits, that is exactly 10% more expensive than the normal model? that's what they are used for.
dares
post Jul 11 2017, 06:33 PM

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QUOTE(Ginny88 @ Jul 9 2017, 12:13 PM)
Don't take the risk. The bank has the right to cancel the loan if it finds any irregularity. The original car card will be lodged with the bank so they will see that it doesn't tally with what they are supposed to be financing.
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That's why they usually markup the financing by including the price for bodykit lah, leather seat lah, tinting lah etc.etc..... things that are not reflected in the car registration.

For example, last time Preve Limited Edition was selling at 80k, where as the normal Preve was 72k. But on the car registration they are all just refered to as Proton Preve. The dealer apply RM72k loan for the Preve LE, but actually sold a normal Preve, the bank wouldn't know just by looking at the car registration card.

This post has been edited by dares: Jul 11 2017, 06:36 PM

 

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