23 Jul 2008

Three car loans vigilance trap

First, all formalities completed, the dealer has filled prices. In the consumer installment procedures completed after full preparations to car dealers are required on the basis of the original car, then pay a certain amount of cash to mention cars. Under such circumstances, the dealers are given a lot of reasons, such as the first payment from the pay-wide cross from the past few days, the prices of the car, or failed to do within the stipulated time, such as loans under various pretexts.

Second, deliberately charging more money to earn ill-gotten gains. Consumer car loans to be paid in addition to the purchase price of the tax, insurance, management fees, mortgage registration fees, home visits and after-sales service fees for the cost, while loans to do just follow the prices of loans on the line. But in actual consumer loans, some non-bank dealers are using vague provisions, consumers do not understand and loans procedures and method of calculation of the complexity, the prices of the costs are also tied up outside in terms of the loan amount.

Third, deceived consumers to sign a blank contract. Contrary to moral integrity of a small number of commercial distributors, drilling consumers lack the knowledge of law loopholes, deceived consumers to sign a blank contract. Assume that consumers do purchase procedures, orally informed the dealers are paid only 30 percent of the first loan payment only 50,000 yuan on OK, and let consumers blank signed the contract. However, in the loan formalities completed, consumers received a credit contract when the loan amount that the price of previous commitments to much higher

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