Never Pay Your Car Deposit in Cash, Here's Why | EvoMalaysia.com
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- Опубліковано 9 вер 2024
- Big dealerships, because of the need to protect their reputation, are usually honest; but sometimes, you may have the mis-fortune of encountering dishonest salespeople that may cheat you of your money.
When you pay deposit or booking fee of a car, avoid doing so by cash. Write a cheque or do an online bank transfer direct to the dealership's company account - and insist on a receipt in the process.
Ensure that your receipts and order forms are officially stamped by the dealership, and it's best to place your order at the dealership premises.
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Now I understand why my mother told me to never transfer directly to the salesman but transfer to the car company instead and make sure the bank account number is owned by the car company not a personal account.
An advice which saves so much headache...
I did not know that salesman could run away the cash deposit. Thanks for the info.
If you pay cash or direct to him, can.
Kon Wai Luen thanks for advice. Will learn how to use cheque. Haha
Just made a booking through online transfer the other day for a second hand car at one used car dealer. Hoping everything will be alright
Did you get a receipt? But if it's a reputable dealer, you should be fine.
One of my friend place a booking for brand new Myvi. He had to pay some money for booking not downpayment. He waited for the car. No news from the salesman and the salesman gone missing in action. He lost his money and his car is not ready. He is frustrated right now on his decision.
Salesman lari already. Hope wasn't a big amount?
Kon Wai Luen yes sudah lari. He lost around rm500
Did the dealership compensate him her??
Thank you. I learn this
THANKS FOR YOUR INFORMATION AND ADVICE👍👌
Thanks for watching!
Thanks! Great advice
Glad it was helpful!
My advise is anything about money, go the dealership and pay there... Try not to pay outside, only if you have witness or video the the whole transaction
Exactly!
Thanks for the advice. I booked mine last week. So the order form you say is VSO right?
Vehicle Sales Order, that's right.
Yes, I agree with you, thanks for your advice.
Thanks for watching!
Online payment to dealer account is safe and viable too
Yeah. As long as pay to the dealership's official company acct, you're quite safe.
Yep, i paid booking by credit card, down payment direct to the company account via bank transfer.
Good move!
Good advise
I straight go apply bank loan with the car sales person name card and car price list without pay any deposit. After loan approve they will contact you
That works too. As long as you have not paid any money up front, you're fine.
You are rite bro.. I dah kena sekali.. 9 years back.. End up got full loan brand new car.. My deposit kena telan by sales man. Got receipt from this sales man but the manager ask me to put a police report. No action taken after that.
Receipts can be falsified, especially if it's a written one. Sorry to hear about your case.
Something you can explain in 1 minute ended up 6 minutes and 35 seconds.
Have to give a bit of background mah
Mohd Haffiszul Mohd Said you do one then..
bli cash senang (ikut kmampuan)
x perlu hutang
x perlu deposit
x perlu baya interest
Betul pertimbangan ni.
Tak semua orang ada cash RM60k dlm acc bank atau bawah bantal utk beli sebijik proton persona 😅
@@mohseinn dia xpaham tu down payment
Beli cash bnyk negative, dlm bnm listing awak xdak credit references, pengalaman keta pertama saya beli cash Myvi rm55k tahun 2013, bila nk trade in beli Mercedes, bwat dp (value tahun 2017 rm28k sahaja) nk ambik loan x lulus, bukan sebab Tidak Mampu, tetapi Tetapi x pernah ada credit & hire purchase loan references dari bank. So Mmg rugi sgtx2. Jadi klau bnyk Sgt duit berkepulx2 , beli keta ambik loan bwh 3 tahun, mcm tawkex2 . Deposit kluar stgh 50% dari harga keta yg nk beli tu.
good explanation, boss
I was thinking of getting Lancer Sportback second hand. Any suggestions?
Car has no known major issues, but is quite heavy on fuel.
Good advice
Thanks for watching!
Always pay at counter & get official receipt in any transaction..
Yes. That's correct.
those seats looks good
Car parked in shade most of the time.
Exactly. Just issue a cheque/bank draft under the dealership name. Safe or just use credit card, can reverse and dispute payment
Credit card works too, if your limit is high enough. And you're right, can reverse or dispute, although I think you can also cancel a cheque.
Cheques can also be rewritten. So how?
Not many people write cheques these days anyway. So just bank transfer.
@@KonWaiLuen May have to go back to using cheques. Current e-banking system are not secure enough with countless cases of unauthorized transfers from bank customers. Looks like these scammers and hackers are more knowledgeable than most govt's IT departments! The govts are battling a losing war against these people!
Thank you for the info :)
Thanks for watching!
Kon Wai Luen keep up with the good content :D
Thanks for watching!
Plz don't drive too fast in housing roads in pj tq
Thank you Sifu
Thanks for watching
Use credit card better. Get lots of points
Good idea!
Credit card payments have 3% fee :-(
Mine when I bought my car they only accept credit card for amount rm3k. The rest of it I did bank transfer to the dealer company account. If they allow me to swipe cc to pay the downpayment, I will
Credit card lor lg senang.I think it's illegal for a salesperson to collect more then 1 pc based on HP act.Hence most ppl should be able to use CC .
If your CC has high enough limit, that's a good idea too!
Kon Wai Luen Booking fee few hundred ringgit only ma can be swiped at dealers terminal that way the salesman there after can't runaway.Also just for sharing is to get the invoice right the first time.When we wanted to change the colour within three days after we booked the car.Salesman said everything kawtim but after sign lou he gave some BS story.In order to not be charged with SST we settled for a colour which we initially booked for instead of what was revised and agreed upon. Hence it's important to get the documentation right the first time .Not to mention wrong loan amount keyed in by salesman which the bank needs to ammend a new agreement to sign which is cumbersome .Sigh.
I just paid cash deposit for new toyota vios..any chance to track back the deposit...and the document got no chop on it...hmm
Is your SA responsive to your calls?
Hi Kon,
A quick check since ur also new persona owner. Remote to open trunk hold for 3sec opens all doors or just trunk? Mine all doors are open then the trunk when pressing 3sec by holding.
Thanx
Ermm.... in my car, pressing the trunk release button unlocks only the boot. Doors remain locked.
Kon Wai Luen
Thats weird... my persona is indeed weird with many noises & SC cant resolve
Mind sharing the issues you face for the benefit of other owners and potential owners?
Kon Wai Luen
Pls find below issues ive experience for my persona 2017 model (mainly noises)
1. Dashboard rattling (unresolved despites proton installed ip noise kit)
2. Brake noise "tap..tap" (unresolved, brake drum changed...process still on going)
3. Right Front suspension noise "dup..dup" (unresolved, insulator & strut mount installed. Waiting for shocks)
4. Unlocked remote hold 3sec all doors opened instead of just trunk.
5. Left front power window (solved, rubber changed)
6. Head Unit intermitent hang. Poor responsive
As an owner of new saga cvt & bezza too, i strongly recommend new saga cvt, bezza & last is persona. Thats how i rate all these 3 cars.
Despites changed the tire to conti CC6 185/60 stock rim 15", retain the stock shocks i still feel the stiffness which i believe gives the dashboard to rattles when hitting bumper & potholes. Installed the ultra racing strut bar, helps abit but yet stiffness can be felt.
My verdict, if any of buyer looking for comfort ride, go for new saga cvt/bezza instead.
1. Dashboard rattling - Mine has that too, but not significant enough to bother me.
2. Tapping brake noise - Not present in mine
3. Suspension noise - Didn't notice any
4. What spec is yours? Mine Premium CVT, comes with keyless entry, key fob has a dedicated button to open just the boot.
5. No power window issues
6. Have that too. Useless system, but understand the newer ones have an improved unit.
Our car runs on standard size 185/55 R15 tyres. Car feels much more refined after swapping the stock fit Silverstones for Michelin PS3s. I do feel the rear can sometimes be bouncy going over bumps, but the Roda Pusing crew has a much newer unit that seems to drive more refined than mine.
What if the salesperson doesn't want to accept my personal cheque? Should I report to his supervisor?
Buy from another. If the worry is that your cheque will bounce, common industry practice is that the order is understood null and void if the cheque doesn't clear.
Ardent Fan yes, I think I'll do that. At least they will trust the bank. Tq.
If we do not have cheques to use?
Online bank transfer works too.
what should i buy under 40k car
Used car or a Bezza, take your pick 😅
0.52 " just as liable to being kon" heh punz
Lol
cheque? mine collecting dust since IBG and Instant transfer was introduced.
Internet banking works too, as you can bill the money directly to the dealership's account.
Pros and Kons hahaha
Cash is better.....yeahhh
Well....as a wise man once said... .cash is king.
Come on la, what world are we in today...use AliPay, SamsungPay, KonPay to dealer directly...ok?
Any of these work too, as long as the dealer supports it
Cash deposit always .....
I always buy my aston martin and range rover in cash, so far no problem
Can I be your friend?
Me to. I always buy Bugatti weekly at chow kit no problem.
always buy...? how many cars u have LOL
GTA maybe
yeah can we be friend too?
eyyyy kg tunku
My neighbourhood.
Too long winded for something kinda useless
What can I say, I love to talk, but thanks for watching all the same.
Stop dragging...
You haven't seen real dragging mate.
Kon Wai Luen sorry sir but the Babbling best stop . Pour out some solid facts pls. 🤪
I want to try to pay my fast food using the cheque...can I pay KFC using a cheque?
Erm... go try it.
So far COD. I see the car .... I pay. Talk so much
If it works for you, all well and good.
watching your vids kon me... hu huu
Aiseyman
how abt buying a new car cash?
Well.... in this context, buying a new car cash essentially means paying for the car entirely out of pocket without financing. In such an instance, the payment would still be made by bank transfer, bank draft, or a cheque. You are unlikely to bring a sack with RM50k - RM100k worth of bank notes to the dealership, right?
What I was referring to in the video was people paying the RM500 - RM1,000 deposit / booking fee direct to the salesperson by bank notes. You won't have problems with an honest salesman, but if the fella has plans to abscond with your money, habis la. So, best is to write a cheque or do an online bank transfer to the dealership's company account.
yepp.i understand what u mean.juz wondering if buying a new car cash is suitable in the long term.is it more beneficial in the long run.financially it is but if planning 2 change car every 5 years i wonder
Depends on how you prefer to manage your finances. You need a healthy cash flow to sustain a car loan, but taking loan allows you to keep more cash in hand.
There was a case in Singapore - parallel import salesman ciao with money and even with company receipt issued , the company can claim he wasn't authorised to issue receipt! Luckily the court sided with customer and punish the company. So Kon's suggestion is correct. Non cash payment to company account is best. But then pray company won't go bankrupt lah. Singapore got lots of PIs who easily file bankrupt- money all burnt
worth it if you can afford it
because ultimately you're paying only the price displayed, nothing more
whereas if u take a loan, you're paying for that interest which cost quite alot in the end
Thanks man ;)
Thanks for watching!
dangerous driving. i hope i never come across with u on the road
Feeling is mutual.
I can understand sikit2 english..kalau melayu i faham...😩
Hahaha... sama-sama tingkatkan penguasaan bahasa kita.
Stop talking nonsense k. Who on earth will pay cash and calculate a stack of cash to sales person without giving an official receipt?
You'd think so right... but guess what, there are people who would happily hand over their money without demanding for proper receipts and papers in return. The reason I made this video was because I knew of actual people who kena con
There are many many gullible people in this world, believe me.
Can’t understand you just say it in ur language
Not clever enough!!!!!!!!!!
You should HIGHLIGHT when issue cheque, Payee's name MUST be official company name eg.g ABC Motor Sdn Bhd
I believe that's exactly what I said.
HIGHLIGHT!!! You never highlight but you did mentioned
Are you rich like my parents no, because they paid cash for cars
I'm not even rich to start with. Whoever your parents are.
@@KonWaiLuen won't be if you finance cars , always pay cash unless you own a business
Ben Chesterman dat flex tho
god damn get to the point la bro. wasted 4 minutes talking crap for what
Why? You don't love the sound of my voice?
Kon Wai Luen too much foreplay bro. Hilang stim already. Damn I can't be mad anymore reading your reply.
This kind of complaint..... you kasi saya cukup ya. Jangan complain ini macam kat bini ya.. hahahahaha