WTA: BMW E46: Continue installment preferable

[azuree]

Looking for BMW E46 2002 & above. Continue installment is much prefereable.

Sincere and honest buyer. Please contact me at

012-3103879 for any info. Thanks

Azuree

 

[123]

tak paham la

 

[azuree]

Hi!

I would want to continue installment payments for the owner of BMW E46's if the owner wanted to let go early of their car payment. I will also include downpayment if applicable.

Thanks

 

[Turbo676]

Soree. Noob Question. How is this different to going out and just picking an E46 that you like and buying outright?

 

[azuree]

Meaning that I dont have to deal with any bank loans anymore. I'm just dealing with the seller direct. But with clauses of course

 

[netracer]

Dun u think it's weird someone ever would allow this?! Either u r blacklisted by finance or perhaps disqualified in terms of document, else what other reasons can u provide for this continue payment scheme? Summons? Lots of issues to handle...

 

[techie]

I've always wondered how such deals would work. There has to be a contract between the owner and the "so-called buyer". Unless its a family member I think it would be tough for any owner to agree to such a deal as you're still the legal owner of the vehicle and you're still liable to whatever happens to the vehicle.

 

[netracer]

i know such deals always go down the drain. y?

1. new owner not bothered much after a while esp when vehicle is down with repairs, accident, out-of-budget to service instalment as 'hirer' is not the new owner at all
2. any document signed with stamping does not hold much should u proceed to court as both parties need to actually attend hearing and may take months or even years to justify any legal action
3. finance still has the right to repo the vehicle and new owner would be in despair to beg the original hirer to redeem the vehicle
4. in due time, finance company may just auction off the abovementioned vehicle and new owner gets nothing but document to shout around
5. legal binding is between hirer and finance, new owner in other words - siapa lu?

Above all, CIMB is now exercising an old sideway regulation. Both new owner and hirer would need to meet up with CIMB officer, to get the final settlement figure and re-finance on that figure (although market value is way below) and new owner would have the necessary liability and existing hirer would be deemed settled. Sounds good eh? Rush to CIMB for details... I am not attached to CIMB but was aware of the 'new' loophole.

Bear in mind, loan eligibility still required. Interest rates may vary. But used car dealers are out of the scene. Full loan? Yes. Immediate delivery ? Yes. Cheap price? No. As hirer would definately owed higher than current market value, or he would have sold it ages ago for a song.

Wake up guys, there's no free lunch anyway. Or rather free toilets... PLUS? U paid the toll remember? Except motorcyclist....

 

[techie]

Exactly, the cons by far outweigh the pros for the owner of the car. But still I do see some posting for such deals, perhaps there are some people who would consider such a "deal", after all willing seller and willing buyer will cut the deal, right? :)

 

[iz282]

i know such deals always go down the drain. y?

1. new owner not bothered much after a while esp when vehicle is down with repairs, accident, out-of-budget to service instalment as 'hirer' is not the new owner at all
2. any document signed with stamping does not hold much should u proceed to court as both parties need to actually attend hearing and may take months or even years to justify any legal action
3. finance still has the right to repo the vehicle and new owner would be in despair to beg the original hirer to redeem the vehicle
4. in due time, finance company may just auction off the abovementioned vehicle and new owner gets nothing but document to shout around
5. legal binding is between hirer and finance, new owner in other words - siapa lu?

Above all, CIMB is now exercising an old sideway regulation. Both new owner and hirer would need to meet up with CIMB officer, to get the final settlement figure and re-finance on that figure (although market value is way below) and new owner would have the necessary liability and existing hirer would be deemed settled. Sounds good eh? Rush to CIMB for details... I am not attached to CIMB but was aware of the 'new' loophole.

Bear in mind, loan eligibility still required. Interest rates may vary. But used car dealers are out of the scene. Full loan? Yes. Immediate delivery ? Yes. Cheap price? No. As hirer would definately owed higher than current market value, or he would have sold it ages ago for a song.

Wake up guys, there's no free lunch anyway. Or rather free toilets... PLUS? U paid the toll remember? Except motorcyclist....

You're damn right man... I totally don't agree with the Sambung Bayar!

 

[netracer]

And beware of the scam of so-called willing seller showing/letting go documents involving jpj k3 forms signed with thumbprints, letter of indemnity, grant, and surat sumpah with endorsement with photocopy of i/cs.

Normally used car dealers collect this and settled within weeks if not by next calendar month, hence most documents are valid esp the surat sumpah. However, they are 'fake' irresponsible pesuruhjaya that will stamp anything for money as long as the 'runner' shows a photocopy i/c without the actual person appearing. Thus, we can cases of dead man ability to transfer ownership or vice.

Just always remember - there is no easy/free way to get a car by sambung bayar. You are at risk if u r the sambung bayar person as u have no entitlement at all on the vehicle. Showing those documents does not proof u being the next owner at all. Infact the original owner can always lodge a report quoting his vehicle is lost and u need a lenghty time to convince the PDRM that u r the sambung bayar person. Matter worst when argument arise between u two - most of the time skipped instalments and finance + repo guys showing up demanding to take in the vehicle.

So, it's like a gamble and treat it like rental. The only pro that I can notice is the inability of hirer to service instalment and outstanding settlement is higher than market value, thus letting 3rd pty to service the instalment and continue using the vehicle. But the cons outweigh the pros no matter how. Might as well, surrender the vehicle to the finance and settle the balance with another readjusted figure. I'm sure most finance allow this.

 

[iz282]

BuHp........
BuHt........
Bring Up Hot Thread......!
Bravo Bro.. Complete Explaination!

 

[azuree]

Real reason for this was that I do not want to be binded with loans and giving me the freedom in terms of my finance management. I realize the cons in this however like you said if there is a willing seller, we can talk :)

Currently I have a company car but would like to have this as my weekend car.

Cheers

 

[netracer]

well, let's put it this way.

I am willing to 'sambung' bayar a BMW preferably E46, E90 and E60. No worries, I 'sure' will pay the instalments. I will pay the summons, I will pay for the maintenance. I have no blacklisting in credit cards or any hire purchase. Infact, look me up in CCRIS - a system used by bank to trace individual finance history. In fact, I have no names on hire-purchase. Well, it's not because I use other names or 'sambung bayar' cars. I just buy them in cash. End of story. So, any individual interested to allow me for sambung bayar? I also want to be like azuree - not to be binded with loans and freedom in terms of finance management - what crap is that? and bring worries to the actual hirer? freedom means only service instalments when u feel comfortable in paying while drag the instalments when tight in budget? hmmm.... sounds good and win-lose 3pty-hirer situation?

What has this world turn into lately? Willing to let go and risk being blacklisted? Or is it because the upfront cash offer to part with documents too true to push away?

Alright, I will pay upfront RM10K cash to any willing let go sambung bayar E46, RM15k for E90 and RM20K for E60. I will 'sure' pay the instalments.... if not go report me to PDRM. Better yet, get the papers ready and signed by Commissioner of Oath. Whatever... come.



C'mon...

 

[Capex]

well, let's put it this way.

I am willing to 'sambung' bayar a BMW preferably E46, E90 and E60. No worries, I 'sure' will pay the instalments. I will pay the summons, I will pay for the maintenance. I have no blacklisting in credit cards or any hire purchase. Infact, look me up in CCRIS - a system used by bank to trace individual finance history. In fact, I have no names on hire-purchase. Well, it's not because I use other names or 'sambung bayar' cars. I just buy them in cash. End of story. So, any individual interested to allow me for sambung bayar? I also want to be like azuree - not to be binded with loans and freedom in terms of finance management - what crap is that? and bring worries to the actual hirer? freedom means only service instalments when u feel comfortable in paying while drag the instalments when tight in budget? hmmm.... sounds good and win-lose 3pty-hirer situation?

What has this world turn into lately? Willing to let go and risk being blacklisted? Or is it because the upfront cash offer to part with documents too true to push away?

Alright, I will pay upfront RM10K cash to any willing let go sambung bayar E46, RM15k for E90 and RM20K for E60. I will 'sure' pay the instalments.... if not go report me to PDRM. Better yet, get the papers ready and signed by Commissioner of Oath. Whatever... come.



C'mon...

Yesss.. your right bro... 110% agreed...

 

[techie]

netracer,

I'll top ur offer by a bit more , RM11k, 16k and 21k cash for a E46, E90 and E60 respectively and I am willing to sign any binding documents and "promise" to pay the montly installments promptly. So any takers out there?

Come on 2 good offers here

 

[netracer]

hmm.... somehow the 'sambung bayar' scenario will definately end up being 'sambung pakai', eventually sold as 'kereta piang' to outskirts areas or perhaps being exported illegally to north border. On the other hand, few may end up in 'kereta potong' outlets too.

What a world!