Government (MTI) and CASE has jointly proposed changes to this part of the act regarding "Collection of deposits by motor vehicle dealers".
10. Motor vehicle dealers often package the purchase and financing of a motor vehicle together, collecting a deposit (which comprises the down-payment, Certificate of Entitlement bid and financing package) from the consumer. In some cases, the deposit is not refundable if the purchase falls through, upon a failed loan application. There has been feedback that some dealers have been confiscating the deposits, citing a failed loan application as the reason but without providing any documentary proof of the fact. The proposed Consumer Protection (Fair Trading) (Motor Vehicle Dealer Deposits) Regulations addresses this issue.
11.
To enable a consumer to make an informed decision whether to agree to the motor vehicle dealer's terms, it is proposed that dealers should be required to disclose their deposit refund policies clearly in their sales contracts. Where the sales contract involves financing, the dealer will not be permitted to retain the deposit unless he has given the consumer a written statement to prove that he has applied for the financing and inform the consumer of the application?s outcome.
12.
It is also proposed that motor vehicle dealers should have the burden of proving that they have complied with these requirements. This is necessary because it is difficult for consumers to prove a negative fact (that is, the dealer did not make the necessary disclosure or provide a written statement), whereas dealers would be in a better position to safeguard their interests by keeping proper records. Such provisions can be found in other local and overseas legislation.
Source:
http://app.reach.gov.sg/olcp/asp/ocp/ocp01d1.asp?id=4583-_- if you have any comments, u reply here is no use. go to reach.gov.sg (or use this direct link:
http://app.reach.gov.sg/olcp/asp/ocp/ocp01d1.asp?id=4583 ) to leave your comments abt this changes before they approve this change (that means now la)
dont complain when change liao! =/
LINK LINK LINK:::
http://app.reach.gov.sg/olcp/asp/ocp/ocp01d1.asp?id=4583 at the bottom can leave your comments about the proposal.. lalala