Digicars - another Ponzi scheme

[dreamur]

Hopefully no tsikoteers fell for this scam.

But then again, 31M voted for tallano gold. [emoji23]

Ilang mga nag-loan ng sasakyan, nabiktima ng panloloko ng Digicars Auto Trading Company?! | Resibo | Videos | GMA News Online

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[carxynogen]

Dami pa rin talagang ma uto kahit questionable na yung process.
Also, bat na approve to sa bank?
Nakapangalan ba sa umuutang from Digicars yung loan nila sa bank?
Or is the loan from dealers or dumadaan ba sa bank?
I assume Digicars nagprocess ng loan nila.

[dreamur]

Most likely, digicars have contacts inside the banks who helped them process the loans and car dealer agents who provided the low DP scheme.

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[_Qwerty_]

hindi involve sa bank ang Digicars..

yung bibili ang may contact sa bank parang regular car loan.. sila mag pro process nang loan.. tapos sa Digicars sila magbabayad and Digicars magbabayad sa bank..

pag nalabas mo na yung car.. bibigay mo sa digicars lahat nang papeles.. then magbabayad ka din nang additional down payment sa Digicars.. then mag start na yung low monthly mo sa kanila..

Dami pa rin talagang ma uto kahit questionable na yung process.
Also, bat na approve to sa bank?
Nakapangalan ba sa umuutang from Digicars yung loan nila sa bank?
Or is the loan from dealers or dumadaan ba sa bank?
I assume Digicars nagprocess ng loan nila.

[ice15]

hindi involve sa bank ang Digicars..

yung bibili ang may contact sa bank parang regular car loan.. sila mag pro process nang loan.. tapos sa Digicars sila magbabayad and Digicars magbabayad sa bank..

pag nalabas mo na yung car.. bibigay mo sa digicars lahat nang papeles.. then magbabayad ka din nang additional down payment sa Digicars.. then mag start na yung low monthly mo sa kanila..

ilang beses ko na binasa post mo. di ko pa rin maintindihan issue ng digicars.

[_Qwerty_]

halimbawa vios.. they will ask you to get the lowest d/p or even 0 dp sa bank.. usually mga all in promos.. yan ang pwede ipasok sa digicars kasi mababa ang down..

then you will pay digicars 20% to 30% down.. so don pa lang kita na ang digicars..

ilang beses ko na binasa post mo. di ko pa rin maintindihan issue ng digicars.

[carxynogen]

ilang beses ko na binasa post mo. di ko pa rin maintindihan issue ng digicars.

Yung issue is napakababa ng monthly babayaran mo to digicars.
Example: If bank requires 2k/month, sa digicars 900 lang babayaran mo.

Dito yung probably cause why hindi na ma sustain ng digicars yung monthly payment.

[_Qwerty_]

it's a ponzi scheme nga.. malaki kasi nakukuha nila sa down and supposedly nilalaro nila sa stocks yung pera pinaiikot lang nila.. so habang may nagbabayad nang down may pambayad sila don sa monthly.. hanggang wala nang kumuha.. kaya ayun.. pumutok na..

Yung issue is napakababa ng monthly babayaran mo to digicars.
Example: If bank requires 2k/month, sa digicars 900 lang babayaran mo.

Dito yung probably cause why hindi na ma sustain ng digicars yung monthly payment.

[uls]

digicars is a middle man between buyer and casa (in house or bank financing)

buyer pays digicars, digicars pays casa

ung unbelievably low monthly payment ang nag attract sa mga engot

siguro (o malamang) ginagawa ng digicars they pay the true monthly amount to the financing companies while receiving the low monthly amount from the buyers

how can they afford to pay a bigger amount while receiving a smaller amount?

they use money from newer customers to pay the installment of older customers

that's what makes it a ponzi and it's unsustainable

eventually hihinto sila sa paghulog sa financing companies

lagot ung mga buyer

[BratPAQ]

I don't get it too. When we got our car loan Sa Toyota, sa bank kami nagbabayad ng monthly kahit Toyota nagpa utang sa amin.

Bakit kailangan sa digicars dumaan yung monthly? Bakit hindi nila ibayad straight sa bank?

[_Qwerty_]

I think latter part nang 2020 sila nag start.. madami na engganyo.. so ang laki nang pasok nang pera nila na galing sa down payment nang mga customers..

so wala pang 3 years pumutok na.. ibig sabihin walang natapos nag loan.. so lahat nang kumuha sa kanila nahatak yung sasakyan..

same modus nung Ark.. na nag start namang mga 2017.. tapos pumutok din..

digicars is a middle man between buyer and casa (in house or bank financing)

buyer pays digicars, digicars pays casa

ung unbelievably low monthly payment ang nag attract sa mga engot

siguro (o malamang) ginagawa ng digicars they pay the true monthly amount to the financing companies while receiving the low monthly amount from the buyers

how can they afford to pay a bigger amount while receiving a smaller amount?

they use money from newer customers to pay the installment of older customers

that's what makes it a ponzi and it's unsustainable

eventually hihinto sila sa paghulog sa financing companies

lagot ung mga buyer

[_Qwerty_]

because Digicars promised you lower monthly vs sa bank.. example ang monthly nung loan mo sa bank eh 10T.. sa digicars 8T lang ang monthly..

I don't get it too. When we got our car loan Sa Toyota, sa bank kami nagbabayad ng monthly kahit Toyota nagpa utang sa amin.

Bakit kailangan sa digicars dumaan yung monthly? Bakit hindi nila ibayad straight sa bank?

[uls]

ponzi schemes are planned from the start

they just shut down and disappear with what's left of the money

parang ung nagbabayad ng unbelievably high interest rate

andami pera naatract nila

they use money from later investors to pay interest to earlier investors

nakaka cash out pa nga mga earlier investor with 2X the original investment

then they disappear

newer investors lose their money

[H1Tman]

Hindi ba ganyan din usually sa motor? Low down, low monthly kaya lahat ng tao nakaka-acquire ng motor.

[uls]

I don't get it too. When we got our car loan Sa Toyota, sa bank kami nagbabayad ng monthly kahit Toyota nagpa utang sa amin.

Bakit kailangan sa digicars dumaan yung monthly? Bakit hindi nila ibayad straight sa bank?

because sobra liit ng monthly payment sa digicars compared sa bangko

that's what attracted buyer to purchase thru digicars

[ice15]

because sobra liit ng monthly payment sa digicars compared sa bangko

that's what attracted buyer to purchase thru digicars

guess ko lang... so longer magbabayad car ownder sa kanila para mabawi nila yung low monthly nila?

if 10K/month sa bank for 5 years
8K/month sa kanila for 6 years?

[dr. d]

Hopefully no tsikoteers fell for this scam.

But then again, 31M voted for tallano gold. [emoji23]

Ilang mga nag-loan ng sasakyan, nabiktima ng panloloko ng Digicars Auto Trading Company?! | Resibo | Videos | GMA News Online

Sent from my SM-S908E using Tsikot Forums mobile app

i watched the video, and this is what i remember.

some costumers spoke.
they got a motorcycle worth 80K.
they put in a 40K downpayment to digicars, and were made to believe that their monthies thereafter would be only 932 pesos a month x 24 months.
the difference between digicars and the usual banks daw, would be generated by digicars by investing their down payment somewhere.

an industry authority was interviewed,
digicars is registered, but not as a car financier.
they do not have the required license to do that.

[uls]

guess ko lang... so longer magbabayad car ownder sa kanila para mabawi nila yung low monthly nila?

if 10K/month sa bank for 5 years
8K/month sa kanila for 6 years?

no not like that

the difference is massive

kunwari 10K per month hulugan sa legit

sa digi baka 1k or 2k per month lang

it's crazy

[_Qwerty_]

5 years din.. kaya nga madami sila na engganyo.. kaso ayun 3 years pa lang pumutok na..

guess ko lang... so longer magbabayad car ownder sa kanila para mabawi nila yung low monthly nila?

if 10K/month sa bank for 5 years
8K/month sa kanila for 6 years?

[uls]

i watched the video, and this is what i remember.

some costumers spoke.
they got a motorcycle worth 80K.
they put in a 40K downpayment to digicars, and were made to believe that their monthies thereafter would be only 932 pesos a month x 24 months.
the difference between digicars and the usual banks daw, would be generated by digicars by investing their down payment somewhere.

an industry authority was interviewed,
digicars is registered, but not as a car financier.
they do not have the required license to do that.

it's a ponzi planned from the start