Friday November 2, 2012
Duo stuck with loans after buyers fail to settle bank’s outstanding payments
By YVONNE LIM
KUALA LUMPUR: Zaid Kasim is wary of doing business with others after a salesman bought his car without settling the outstanding loan.
The issue caused Zaid, 63, to be blacklisted by the banks and he also received RM300 in summonses for the car which he no longer owns.
Zaid's trouble began when the retired civil servant wanted to sell off his Proton Satria seven years ago.
He was introduced by his cousin to a man named Daud Idris who claimed to be a part-time car dealer.
Daud had offered to pay RM30,000 for the car which Zaid had bought in 2005 for RM35,000. Daud also said that he would settle the outstanding loan of RM26,000.
“He gave me an initial payment of RM3,200 and said that he would continue paying the monthly instalments.
“Daud also said that he would handle the paperwork involving the transfer of ownership,” he said.
Zaid said a few months after he handed over the car keys to Daud, he received a call from his bank informing him that he had failed to submit the car payments for a few months.
“When I confronted Daud about this, he said that his business had been doing badly and that he did not have enough money to pay the instalments.
“I felt sorry for him and gave him some time to settle the payment. However, things did not change.
“He admitted that he had sold the car to someone else without repaying the outstanding loan,” Zaid said.
“I cannot trace the car's whereabouts as it has changed hands several times,” he added.
Zaid, who lodged a police report in 2009, realised Daud had taken advantage of him and met MCA Public Services and Complaints Department head Datuk Seri Michael Chong at his office yesterday.
With them was Lim Kok Gin, who also lost his Toyota Harrier in the same manner as Zaid.
Chong said his department had received 25 other similar cases since last year.
He urged anyone who has seen Zaid's car with the number plate JGN 4019 or Lim's car with the number plate WJX 9331 to inform the department at 03-2203 3888.