Digicars - another Ponzi scheme

[_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?

[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?

[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

[ice15]

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

wow... kahit yung finance guy ko can only get me 4+%/year. saan nila invest yung pera nila to earn that 8K diff per month?

[_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]

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

tapos ang gagawin ng digi magbabayad ng ilan buwan sa financing company and stop

while the buyer continues paying digi the crazy low monthly

magulat ung buyer irerepo na ung sasakyan

[juanmasipag]

Buti pa sa Bank na sila dumiretso, wala pa problema.

[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

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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]

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

[dr. d]

it's a ponzi planned from the start

yespo.
authorities should take extra pains to catch the perpetrators and jail them.
it's the only way to make would-be ponziers stop and re-think their methods.

[_Qwerty_]

parang yung online paluwagan scam sa news kagabi.. 100K daw ang balik 120K in 5 days.. naka 3 cycle yata sya parati naman binibigay after 5 days.. tapos nag invest sya 5M.. na galing sa pera nang mga kaibigan na na engganyo nya... pagkabigay nang 5M.. ayun nawala na.. eh di iyak..

yespo.
authorities should take extra pains to catch the perpetrators and jail them.
it's the only way to make would-be ponziers stop and re-think their methods.

[dreamur]

The spin here is that digicars will invest the 50% DP in the market where the gain will be used to subsidize the MA. Kaya maliit ang MA na babayaran kay digicars vs bank. Digicars will cover for the difference. Good business model sana kung talagang kikita ang investment.

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[shadow]

Hinde ko pa rin ma gets. Buyer lahat nag process, nag apply etc

0 DP tapos meron pa rin DP na ilalabas pag I dadaan sa digicars? Eh bakit hinde na lang sila directly nag down sa bank?

Approved na eh bakit ko pa ipapasok digicam eh wala.naman sila ginawa?


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[dreamur]

Hinde ko pa rin ma gets. Buyer lahat nag process, nag apply etc

0 DP tapos meron pa rin DP na ilalabas pag I dadaan sa digicars? Eh bakit hinde na lang sila directly nag down sa bank?

Approved na eh bakit ko pa ipapasok digicam eh wala.naman sila ginawa?


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Iba kasi sila mag isip bro. [emoji23]

Here's a sample. You would know that the offer is too good to be true. Pero greedy engot kasi.

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[shadow]

Akala ko digicars ang nag loan sa bank then mas na spread pa nila yun MA kaya mas mababa dahil meron sila special pricing sa banks.

Eh katanghan nga na buyer na nag process lahat magisa, tapos ibigay nila sa digicars mga documents then magbigay pa sila ng DP sa kanila.


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[dreamur]

Akala ko digicars ang nag loan sa bank then mas na spread pa nila yun MA kaya mas mababa dahil meron sila special pricing sa banks.

Eh katanghan nga na buyer na nag process lahat magisa, tapos ibigay nila sa digicars mga documents then magbigay pa sila ng DP sa kanila.


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Hindi lang yan. Ung iba either binigay ATM cards to digicars or sign an auto debit arrangement for the MA. Kaya nga pinakababa sa IQ ranking si pilipinas kong mahal.

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[uls]

Akala ko digicars ang nag loan sa bank then mas na spread pa nila yun MA kaya mas mababa dahil meron sila special pricing sa banks.

Eh katanghan nga na buyer na nag process lahat magisa, tapos ibigay nila sa digicars mga documents then magbigay pa sila ng DP sa kanila.


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ang ginagawa lang ng digi nag babalancing act ng pera

pera pumapasok (downpayments and monthy payments from buyers)

pera lumalabas (paying financing companies)

they need to keep their head above water

so when cash runs low, they stop paying financing companies

repo mga vehicles

[papi smith]

Karamihan dyan hindi qualified sa bank.