Toyota manila bay scammer

[shadow]

Wow. I didn't know there's such an option with TFS na lease lang. I'm from Toyota Global btw... All I know is lease-to-own lang ang inooffer ng TFS, and that's what we use with our TFS promos. With Lease-to-Own, You're basically paying the same monthly like with a Bank's Chattel Mortgage contract which ofcourse you also get to keep your vehicle once you complete your term. Only Advantage to the customer is lower Downpayment since we don't pay for Chattel. The Difference on the ORCR? TFS leasing is like this: TFSPH leased to: Juan Dela Cruz You can only change this once you complete your lease contract. Now on the contract, it is indicated that it's a LEASE agreement, BUT there is this ADDENDUM to the main lease contract stipulating that the ownership of the vehicle will be transferred to the client once term is complete. IF you don't have this, you can actually request it from TFS. Better go to TFS directly to clarify things, I'm sure di na alam yan ng agent mo. If he/she knew it there won't be any problem in the first place. So wag ka kabahan, just pay the proper monthly dues & you'll surely get to keep your vehicle.

So if it's a lease, sino magbayad ng insurance, PMS? Lease lang pala so Ang owner is Toyota pa so kayo rin gagastos Sa mga maintenace?

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[Syuryuken]

may ganito pala ang toyota. i mean may ganitong offer ang toyota. kahit sinong matinong tao hindi kakagatin ito eh, babayadan mo yun buong halaga tapos isosoli

sa government lease lang talaga yung ibang sasakyan nila yung mga brand new na crosswind dito puro naka lease sa ilang dealer ng isuzu wala ng problema ang LGU sa PMS at insurance.

[victorevolution]

Very good explanation -

wow. I didn't know there's such an option with tfs na lease lang. I'm from toyota global btw... All i know is lease-to-own lang ang inooffer ng tfs, and that's what we use with our tfs promos. With lease-to-own, you're basically paying the same monthly like with a bank's chattel mortgage contract which ofcourse you also get to keep your vehicle once you complete your term. Only advantage to the customer is lower downpayment since we don't pay for chattel. The difference on the orcr?

Tfs leasing is like this:

Tfsph leased to: Juan dela cruz

you can only change this once you complete your lease contract.

Now on the contract, it is indicated that it's a lease agreement, but there is this addendum to the main lease contract stipulating that the ownership of the vehicle will be transferred to the client once term is complete. If you don't have this, you can actually request it from tfs. Better go to tfs directly to clarify things, i'm sure di na alam yan ng agent mo. If he/she knew it there won't be any problem in the first place.


So wag ka kabahan, just pay the proper monthly dues & you'll surely get to keep your vehicle.

[radz15]

scan ko nalang guys pag nakuha ko na sa uncle ko yung contract. pero wala talagang nakalagay na "You can only change this once you complete your lease contract." kung may ganyan sana edi wala na sanang argument at di na namin inaway pati yung manager. Nakalagay talaga dun na isosoli ni lesse sa lessor yung auto after the contract in good condition

[xagent_orangex]

scan ko nalang guys pag nakuha ko na sa uncle ko yung contract. pero wala talagang nakalagay na "You can only change this once you complete your lease contract." kung may ganyan sana edi wala na sanang argument at di na namin inaway pati yung manager. Nakalagay talaga dun na isosoli ni lesse sa lessor yung auto after the contract in good condition

so nakalagay dun yung clause na isosoli after the contract...binasa o nabasa ba ito ng tito mo bago siya pumirma?

[xagent_orangex]

Guys nakausap namin yung manager. Ayaw talaga nila iconvert sa lease to own.

Sa mga naguguluhan contract for lease lang talaga nakalagay eto pa nakasaad dun "after fulfilling the contract the lesse must surrender the item to the lessor in good condition" etc etc. scan ko na lang bukas yung contract for full details.

Nakakabwisit talaga. Sayang naman yung downpayment at ilang monthly payment para isoli nalang yung auto... eh kung pa chop chop nalang kaya tas sabihin na car nap?tutal wala pa naman plaka. Bahala sila maghabol sa insurance hahaha :D

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well, it can be named also as "5-year car rental"

READ again the contract, or better, bring a lawyer with you at kausapin yung toyota na kinuhanan ninyo.

[victorevolution]

...

di lang nagkaitindihan yung uncle mo at yung ahente(most probably di naintindihan ng uncle mo yung ahente) then nag kinwento ang uncle mo sayo at di kayo nagkaintindihan tapos kulang kulang pa ang pagbigay ng uncle mo ng facts(mga detalye ng pangyayari) at habang nagkwekwento siya sayo syempre feeling niya siya ang bida na inaapi ng malaking korporasyon.

most likely it is a lease to own vehicle: why? -since your uncle is still paying for the monthly.

i do not work for toyota or any auto industry

this is a simple idiotic(do not mind my word) misconception(who wasn't able to understand) by the one who took the lease (lessee)

chattel mortgage- you own the car, but your car is the collateral
pros- aside from mentioned above

1. you are the owner of the car
2. they cannot reposes the car for any cause except when you miss payments(with an s)

cons

1. when the car is lost, you still need to pay the mortagage OWNER BEARS THE LOST NOT THE bank
2. registration to the civil registrar(DIFFERENT FROM LTO REGISTRATION) hence a chattel mortgage fee(misnomer and doc stamp ay mura yung registration plus processing fee ng banko na pinatong ang nagpamahal)
3. YOU PAY FOR THE PMS SINCE IT'S YOUR CAR

lease to own

1 you never own the car on the first place but is guaranteed to be transferred to your name when the amount no. of time lease is completed
2. if the car gets lost, you will not bear the lost hence they cannot ask for you to keep paying the lease contract
3.since you are not the owner, they can reposes the car once you violated the terms of the lease
4.they will answer for your pms(bmw leasing does this no idea about toyota)

NEXT TIME MAGISIP MUNA NG MABUTI AT HUWAG PADALOS DALOS

[xagent_orangex]

...

lease to own

1 you never own the car on the first place but is guaranteed to be transferred to your name when the amount no. of time lease is completed
2. if the car gets lost, you will not bear the lost hence they cannot ask for you to keep paying the lease contract
3.since you are not the owner, they can reposes the car once you violated the terms of the lease
4.they will answer for your pms(bmw leasing does this no idea about toyota)

iba pala terms ng lease sa atin sa Pinas...dito sa akin sa Saudi, i leased my car:

1. i own the car (my name is on the car register, printed)
2. in-house financing, monthly payments, PMS on my own
3. i have the COPY of the "rehistro" (original stays with the dealer), the "copy" is accompanied by the dealer's letter that i am leasing the car to them.
4. they have a duplicate of the car's key
5. car is registered 3 years, yung remaining 2 years, sila pa din ang magbabayad ng registration. also the insurance, they will renew it yearly.
6. after 5 years (or upon fulfilling the remaining amount), of course sa akin na yung kotse (bayad na e)..yung original rehistro ay ibibigay na sa akin as well as the duplicate car key.

siguro maluwag sila dito, oras na takbuhan mo, madaling mahanap...at alam nyo na, malupit ang parusa.

but then, parang bago sa akin ang clause na "after fulfilling the contract the lesse must surrender the item to the lessor in good condition" --sabi nga nila sa previous post, "5 year car rental" ang labas nito.

[nyvlem]

naloko sya ng ahente sabi kc LEASE muna para makuha agad yung car and after 1 month papalitan na ng lease to own. Eh loko din yung ahente di naman pinalitan at di na pwede palitan kaya muntik na masapak ng tito ko e.

Ang lupit nga ng contract eh. nakalagay pa eh lahat ng accessories na ilalagay ni lesse sa kotse ay mapupunta sa lessor afrer the contract.

Kung ganun ang nangyari eh null and void yung contract kasi nung pinirmahan ng tito mo yan eh wala syang kaharap na lawyer. Kung notarized na yung contract pati yung notary public eh sasabit. Kasi diba " subscribe and sworn before me" kung ganun pati sila damay..

[radz15]

ang ayoko lang kasi sa sobrang dark na tint, ang hirap po sa gabi. tapos i also drive at night most of the time ... hirap na ... i'll stick to my dashield. i guess nasanay na siguro ako sa hitsura nya kasi yung lite ace namin dati meron din ...

Wala talaga. Kya nga napunta na sa inaway namin pati yung manager kasi walang nakalagay na ipapangalan sa lesse after ng contract. At sabi namin palitan at ganun ang gawin pero ayaw nila

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[shadow]

If it's lease, you will never own the car. Refundable lang yun deposit (down payment) na binigay mo, but all maintenance, insurance, registration wala kang ng ilalabas.


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#retzing

[brainmafia_310]

ahhh, alam ko na ung sinasabi ng TS yung stipulation sa item 11 ng lease contract.

meron din ako niyan sir. pero standard nila yan at siguro naman hindi lang ikaw ang nagavil ng TFS so lahat ng contract nila ganyan at wala naman naging problema.

[jigs_xix]

ahhh, alam ko na ung sinasabi ng TS yung stipulation sa item 11 ng lease contract.

meron din ako niyan sir. pero standard nila yan at siguro naman hindi lang ikaw ang nagavil ng TFS so lahat ng contract nila ganyan at wala naman naging problema.

Ahh.. so very tricky pala talaga yung contract. Let's say in practice nagkakaroon talaga ng deed of sale after 5 years. Pero kapag nagkaipitan, talo talaga ang consumers kasi hindi iyon ang nakalagay sa papel.

[brainmafia_310]

Ahh.. so very tricky pala talaga yung contract. Let's say in practice nagkakaroon talaga ng deed of sale after 5 years. Pero kapag nagkaipitan, talo talaga ang consumers kasi hindi iyon ang nakalagay sa papel.

tama, pero talo padin ang TFS dahil sa "buying in good faith ka". ang lamang lang nila is in case na hindi ka makabayad madaling ireposes ang kotse at madaling ibenta kasi nakapangalan sa kanila.

kasi why would TFS need to register the car to TFS leased to (NAME), rather than TFS alone kung lease lang talaga?

[radz15]

Update lang guys. Galing uncle ko kanina sa TFS office sa makati. Ang sabi nung nakausap nya after nya mabayaran ng 5 years gagawan daw ng deed of sale at ililipat sa pangalan nya yung auto. Tas sabi ng tito ko sige sulat nyo sa papel at pirmahan nyo na ganun nga gagawin nyo. Ayaw naman gawin ng mga ungas. Nadala na kami sa verbal. Kaya ang plano isosoli na lang sa toyota yung auto. Sabi pa ng nakausap nya. Sir ok lang kahit isoli nyo na may gasgas, walang battery, walang spare tire. Ok lang ke toyota un. Eh kung pa chop chop nalang kaya namin tas body nalang itira tutal ok lang naman daw ke toyota. Ungas talaga.

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[jigs_xix]

Wow! Very surprising response from TFS. *Radz, can you all do us a favor by scanning the contract and upload it here? As far as I know, that kind of product (5-year rental) is not sold by Toyota nor its affiliates. Even though, may pagkukulang yung tito mo na pinirmahan yung contract without reading it, I still believe that Toyota should not sell in bad faith, respecting consumer rights. Hindi yung may sasabihin na kung ano-ano, makabenta lang.

Thinking out loud, why don't you raise this to DTI as well?

[Altis6453]

Update lang guys. Galing uncle ko kanina sa TFS office sa makati. Ang sabi nung nakausap nya after nya mabayaran ng 5 years gagawan daw ng deed of sale at ililipat sa pangalan nya yung auto. Tas sabi ng tito ko sige sulat nyo sa papel at pirmahan nyo na ganun nga gagawin nyo. Ayaw naman gawin ng mga ungas. Nadala na kami sa verbal. Kaya ang plano isosoli na lang sa toyota yung auto. Sabi pa ng nakausap nya. Sir ok lang kahit isoli nyo na may gasgas, walang battery, walang spare tire. Ok lang ke toyota un. Eh kung pa chop chop nalang kaya namin tas body nalang itira tutal ok lang naman daw ke toyota. Ungas talaga.

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I may be wrong, but there's a reason they can't sign something like that now. I think it'll be deemed as a sale transaction and this will make TFS liable for tha VAT and CWT on the entire cost of the car outright. Eh paano kung hindi na makabayad yung kumuha ng car?

Unlike in a pure lease arrangement, you pay the CWT and VAT only as the rentals fall due.

Those who are tax experts here may have a different opinion though.

[e2romo]

Sana nirecord mo yung latest verbal conversation tapos patulong kayo sa xxx o tulfo brothers para ma expose yung kalokohan nila. Kung di pwedeng convert sana di sinabi ng SA na pwede, misrepresentation.

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[[archie]]

I would feel the same betrayal from Toyota if they did that to me. Niloko ka na sa verbal at first then may opportunity to revive the trust and they would not sign... Still verbal agreement ang binibigay. In my mind, iisipin ko naloko na ko nung una, papayag pa ba ko paloko sa verbal agreement?

I would not blame the uncle of the ts for it to be written and signed.

[brainmafia_310]

I would feel the same betrayal from Toyota if they did that to me. Niloko ka na sa verbal at first then may opportunity to revive the trust and they would not sign... Still verbal agreement ang binibigay. In my mind, iisipin ko naloko na ko nung una, papayag pa ba ko paloko sa verbal agreement?

I would not blame the uncle of the ts for it to be written and signed.

tama, amateur yung naghandle na sales agent ng TMB kaya dapat ireklamo pa din siya.

pero regarding ownership, wala magiging problema uncle ni TS at in the end magiisue ng Deed of Sale ang TFS.