Selling Brand New Montero 400t cheaper than dealer......

[fireblade]

i will be getting a 2011 GLS V this Monday and finally giving up my 2010 Fortuner. when i was shopping for a unit, there is a seller in sulit selling brand new 2012 GLS VGT with insurance for 1050000 only and paid in cash. the catch is that you get the OR and CR only after two months from a sub dealer. a famous PBA player almost bought one but he was also alarmed. as in nasa loob na sila ng bangko at nagbabayaran na. he just let go of his 5k deposit and cancelled the transaction. i asked people in the car trading business and they said its most likely what they call the "talon" scheme. meaning this pseudo sub dealers buy from Mitsu dealers with minimal downpayment and look for quick buyers. they then disappear and it is now your problem to face the bank as they did not pay the balance. very smart, right?

just be careful everyone.


i posted this in the Mitsu thread just to call the attention of more people. According to the agent, the sub dealers place is along Mindanao Avenue and this is where the turnover happens.

[basti08]

thanks for the heads-up.

[shotgun]

as the saying goes "if its too good to be true..."


i forgot the rest. hehe

[kleavantchu]

"if it's too good to be true.....It's not". :-)

[henyomzky]

Mga sirs tanong lang there's a rumor here in our place that one businessman bought a 2012 fort 3.0V for 900k but or/cr will be given after 6mo. The fort already has a plate number(is it possible to have a plate no. without or/cr?) pero nagtaka ako after ilang days it was covered by a very dark plate cover i mean makikita mo lang if your like a meter away from the fort's front. Pero that's just a rumor, mayaman naman talaga ang bumili nun pero malay din natin gusto makatipid by almost 50%. Lets say the rumor is true, If the authority finds out the car is what the TS is also describing what would happen to the owner and the fortuner?

I've been wanting to post this since before pero im afraid someone would investigate me. Hehe. Pero since opened up na pwede na.

[stavros]

Mga sirs tanong lang there's a rumor here in our place that one businessman bought a 2012 fort 3.0V for 900k but or/cr will be given after 6mo. The fort already has a plate number(is it possible to have a plate no. without or/cr?) pero nagtaka ako after ilang days it was covered by a very dark plate cover i mean makikita mo lang if your like a meter away from the fort's front. Pero that's just a rumor, mayaman naman talaga ang bumili nun pero malay din natin gusto makatipid by almost 50%. Lets say the rumor is true, If the authority finds out the car is what the TS is also describing what would happen to the owner and the fortuner?

I've been wanting to post this since before pero im afraid someone would investigate me. Hehe. Pero since opened up na pwede na.

Kung wala din naman basis talaga, wag maging tsismoso. :D

[dct]

Kung wala din naman basis talaga, wag maging tsismoso. :D

hahaha agree :D give him the benefit of a doubt. malay mo dahil mayaman sya, marami siyang connections kaya nakabili ng ganun kamura

[henyomzky]

Kung wala din naman basis talaga, wag maging tsismoso. :D

Lets say po totoo, assume natin na totoo.

What would happen to him and to his car?

[fireblade]

Lets say po totoo, assume natin na totoo.

What would happen to him and to his car?

bank will go after his car and not him since hindi naman siya ang may utang. bandang Mindanao Avenue din niya nakuha yung unit?

[oliver1013]

Dalawa lang yan..either gusto mo maka tipid pero di masarap ang tulog, o magbayad ng tama pero may peace of mind...alin ka sa dalawa

[niky]

If it's too good to be true, then it's not brand new. My bet is on repossessed secondhands with rewound odometers.

[fireblade]

If it's too good to be true, then it's not brand new. My bet is on repossessed secondhands with rewound odometers.

you are wrong chief as it is really brand new and just released from the dealership complete with authentic multiple sales invoice for coding purposes.

[niky]

Ah. Read more thoroughly. That is nasty.

[Retz]

bagong modus operandi na naman. hayahay !

[OTEP]

Meron din nag pose selling brand new units. Brand new pero nalubog pala sa baha dati.

[tandavid31]

you are wrong chief as it is really brand new and just released from the dealership complete with authentic multiple sales invoice for coding purposes.

2nd hand niyo po nabili Monty niyo sir? Sa sulit rin ba?

[Walter]

as the saying goes "if its too good to be true..."


i forgot the rest. hehe

If it seems too good to be true, it probably is.

[vinj]

This modus has been around for quite a while. I know of one large dealer who got hit by someone who did this (covering several SUVs and mini SUVs). They shelled out quite a sum to get all the units back from the suspects and the unsuspecting buyers (and this involved getting the help of the authorities).

The funny thing is the bank involved (unfortunately i don't know who) even issued a guarantee for all those vehicles and then cancelled those guarantees right after the cars were released. Chances they discovered it was a syndicate and cut it all immediately. The dealer was left to dry so they had to act fast just to track and get all the vehicles back. They were lucky as they got all the cars back and most had only a few hundred kilometers on them. However the end buyers they got the cars from were not so lucky as they incurred losses and had their cars confiscated. Their only resort is to go after the perpetrators to the crime. The dealer took the financial hit and resold the recovered cars as second hand to recover costs. The units were garaged for several months to undergo some court proceedings and when they were clean already, these were resold by the dealer at a discount (300-400K less than brand new).

Caveat emptor indeed!

[fireblade]

This modus has been around for quite a while. I know of one large dealer who got hit by someone who did this (covering several SUVs and mini SUVs). They shelled out quite a sum to get all the units back from the suspects and the unsuspecting buyers (and this involved getting the help of the authorities).

The funny thing is the bank involved (unfortunately i don't know who) even issued a guarantee for all those vehicles and then cancelled those guarantees right after the cars were released. Chances they discovered it was a syndicate and cut it all immediately. The dealer was left to dry so they had to act fast just to track and get all the vehicles back. They were lucky as they got all the cars back and most had only a few hundred kilometers on them. However the end buyers they got the cars from were not so lucky as they incurred losses and had their cars confiscated. Their only resort is to go after the perpetrators to the crime. The dealer took the financial hit and resold the recovered cars as second hand to recover costs. The units were garaged for several months to undergo some court proceedings and when they were clean already, these were resold by the dealer at a discount (300-400K less than brand new).

Caveat emptor indeed!

Were these Montero units also chief?

[vinj]

Were these Montero units also chief?

Nope. This happened in more than five years ago already and i learned of the real story around two years ago only when i got to talk to one of the dealer principals. The units involved were mostly Xtrails and Patrols.