The owner name is Peter. They usually eye on people desperate to sell their car. They will pretend to be kind people trying to help out and then put you further into deep shit.
One recent case. My friend wanted to sell his car. The full settlement of the car is $20,000 above the selling price. They offer to buy over the car and take over the installment. Since the seller need to pay the $20,000, they allow the seller to pay by installment. So instead of paying the bank installement of say, $800.00. The buyer will pay $400.00 and the seller to top up $400.00. This will go on until the $20,000.00 is fully paid and they will do a transfer of the car. But after 3 months, they find some silly excuse like the seller did not produce the receipt for the bank installment so they don't want to continue with the arrangement.
Imagine paying $1200 for three months use of the car. FYI, the car is 1 year old. My friend found out this bast ard actually team up with an agent who collect commission for introducing the buyer. Now the car is return with damages to the car and no installment paid !!! Call my friend stupid but he is driven by desperation...
Anyone wishes to contribute, please do so constructively. DO NOT SPAM. I hope this serves to remind other like minded people around to be careful of such crooks around.
So anyone with similar experience to share ???