Shutter Asia Forum  

Home Forum Shoutbox Mark Forums Read
Go Back   Shutter Asia Forum > Shutter Asia Others > Car Lovers
Register Facebook Flickr Rules

Thread Tools Display Modes
Old 04-23-2009, 10:42 AM
t4lruum t4lruum is offline
New Shutter User
Join Date: Mar 2009
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
New car loan process

Hi guys, just want to ask.

When taking car loan for new car, Is it correct that we sign all those bank loan forms empty?

When is the best time to give the bank draft to dealer? I ask to give bank draft upon delivery, and they say can not.

Thanks for your help.
Reply With Quote
Old 04-23-2009, 11:27 AM
leslie's Avatar
leslie leslie is offline
Shutter Council
Join Date: Mar 2007
Location: City of Smog
Posts: 766
Thanks: 1
Thanked 3 Times in 3 Posts
NEVER SIGN ANY EMPTY FORMS....AT ALL. Especially if its Money related

ONLY sign in front of the Bank officer in the Bank's premises which is releasing the loan for you.

DO Not sign in dealer or salesman shop.

Always photostat your documents and insert wordings on it with example " "For xxx - name of Bank LOAN USE only"
Understand your life backwards but live forward
Reply With Quote
Old 04-23-2009, 12:44 PM
icyages icyages is offline
Shutter Fan
Join Date: May 2007
Posts: 109
Thanks: 0
Thanked 1 Time in 1 Post
IMHO, a std procedure for most of the car dealers. reason, save the trouble of running to & fro. Some of these documents are a sequent of events, like bank draft is needed to pay for the car then only get registered with licence then bank loan processing so on & so forth. it would not be possible to deliver the car to you and you COD. Unless its a 2nd hand car.

True, signing blank form is extremely dangerous!!! You have to weigh the cost & benefit yourself.
Reply With Quote
Old 04-23-2009, 01:13 PM
desaintlights's Avatar
desaintlights desaintlights is offline
Join Date: Mar 2008
Location: Penang
Posts: 1,029
Thanks: 0
Thanked 0 Times in 0 Posts
if u are buying from reputably shop, then no worries.
DeSaint Lights
I am a NOOB. Please don't shoot me.

My photos at SMUGMUG.
Reply With Quote
Old 04-23-2009, 01:22 PM
yoamikutdare yoamikutdare is offline
New Shutter User
Join Date: Nov 2008
Posts: 17
Thanks: 0
Thanked 0 Times in 0 Posts

Signing any car loan agreement must be done in-front of bank officer... please choose a date to sign... because that date is the date for you to pay monthly installment. Make sure you done it wisely... or they call you every month on the time period... But now salesman are trying to generate more income by saying that we can approve your loan faster... old trick... you call bank directly... no more under table issue... one more thing... spend a little bit of cash for nice registration no...
Reply With Quote


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Anyone using ACR to process 40D raw images? orionmystery Philosophy & Technique of Photography 2 12-17-2008 03:38 PM
HDR process in CS2 shorinji Digital Imaging & Photo Art 16 08-10-2008 03:25 PM
Help me to process this pic !! anion_gti Shutter Fix My Pic 13 07-11-2008 06:46 PM
Loan a lense kelv Canon Equipment 4 11-07-2007 11:33 AM

All times are GMT +8. The time now is 07:24 PM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Site Content and Design Copyright 2007-2013 Shutter Asia - All Rights Reserved
Inactive Reminders By Icora Web Design