Never Pay Your Car Deposit in Cash, Here's Why | EvoMalaysia.com

[@Zedexization]

Now I understand why my mother told me to never transfer directly to the salesman but transfer to the car company instead and make sure the bank account number is owned by the car company not a personal account.

[@faidhi8877]

Just made a booking through online transfer the other day for a second hand car at one used car dealer. Hoping everything will be alright

[@KonWaiLuen]

Did you get a receipt? But if it's a reputable dealer, you should be fine.

[@Parruen]

One of my friend place a booking for brand new Myvi. He had to pay some money for booking not downpayment. He waited for the car. No news from the salesman and the salesman gone missing in action. He lost his money and his car is not ready. He is frustrated right now on his decision.

[@KonWaiLuen]

Salesman lari already. Hope wasn't a big amount?

[@Parruen]

Kon Wai Luen yes sudah lari. He lost around rm500

[@semileong]

Did the dealership compensate him her??

[@zerokyoz]

I did not know that salesman could run away the cash deposit. Thanks for the info.

[@KonWaiLuen]

If you pay cash or direct to him, can.

[@zerokyoz]

Kon Wai Luen thanks for advice. Will learn how to use cheque. Haha

[@rameshjagaswaren8928]

An advice which saves so much headache...

[@tinoohnono]

Thanks for the advice. I booked mine last week. So the order form you say is VSO right?

[@KonWaiLuen]

Vehicle Sales Order, that's right.

[@iklanpower2998]

You are rite bro.. I dah kena sekali.. 9 years back.. End up got full loan brand new car.. My deposit kena telan by sales man. Got receipt from this sales man but the manager ask me to put a police report. No action taken after that.

[@KonWaiLuen]

Receipts can be falsified, especially if it's a written one. Sorry to hear about your case.

[@leahsweetie01]

Thanks! Great advice

[@KonWaiLuen]

Glad it was helpful!

[@semileong]

Online payment to dealer account is safe and viable too

[@KonWaiLuen]

Yeah. As long as pay to the dealership's official company acct, you're quite safe.

[@naimazwan5952]

I was thinking of getting Lancer Sportback second hand. Any suggestions?

[@KonWaiLuen]

Car has no known major issues, but is quite heavy on fuel.

[@azlandin9911]

My advise is anything about money, go the dealership and pay there... Try not to pay outside, only if you have witness or video the the whole transaction

[@KonWaiLuen]

Exactly!

[@ganeshc951]

Thank you. I learn this

[@madeyzue]

bli cash senang (ikut kmampuan) x perlu hutang x perlu deposit x perlu baya interest

[@KonWaiLuen]

Betul pertimbangan ni.

[@mohseinn]

Tak semua orang ada cash RM60k dlm acc bank atau bawah bantal utk beli sebijik proton persona 😅

[@mai8471]

@@mohseinn dia xpaham tu down payment

[@qazdrivingexperience1205]

Beli cash bnyk negative, dlm bnm listing awak xdak credit references, pengalaman keta pertama saya beli cash Myvi rm55k tahun 2013, bila nk trade in beli Mercedes, bwat dp (value tahun 2017 rm28k sahaja) nk ambik loan x lulus, bukan sebab Tidak Mampu, tetapi Tetapi x pernah ada credit & hire purchase loan references dari bank. So Mmg rugi sgtx2. Jadi klau bnyk Sgt duit berkepulx2 , beli keta ambik loan bwh 3 tahun, mcm tawkex2 . Deposit kluar stgh 50% dari harga keta yg nk beli tu.

[@zakura6666]

THANKS FOR YOUR INFORMATION AND ADVICE👍👌

[@KonWaiLuen]

Thanks for watching!

[@wongcheeleong7190]

I straight go apply bank loan with the car sales person name card and car price list without pay any deposit. After loan approve they will contact you

[@KonWaiLuen]

That works too. As long as you have not paid any money up front, you're fine.

[@ridzwanzainal2529]

Yep, i paid booking by credit card, down payment direct to the company account via bank transfer.

[@KonWaiLuen]

Good move!

[@othchothch]

Yes, I agree with you, thanks for your advice.

[@KonWaiLuen]

Thanks for watching!

[@dachee]

Cheques can also be rewritten. So how?

[@KonWaiLuen]

Not many people write cheques these days anyway. So just bank transfer.

[@dachee]

@@KonWaiLuen May have to go back to using cheques. Current e-banking system are not secure enough with countless cases of unauthorized transfers from bank customers. Looks like these scammers and hackers are more knowledgeable than most govt's IT departments! The govts are battling a losing war against these people!

[@chaiyya345]

Hi Kon, A quick check since ur also new persona owner. Remote to open trunk hold for 3sec opens all doors or just trunk? Mine all doors are open then the trunk when pressing 3sec by holding. Thanx

[@KonWaiLuen]

Ermm.... in my car, pressing the trunk release button unlocks only the boot. Doors remain locked.

[@chaiyya345]

Kon Wai Luen Thats weird... my persona is indeed weird with many noises & SC cant resolve

[@KonWaiLuen]

Mind sharing the issues you face for the benefit of other owners and potential owners?

[@chaiyya345]

Kon Wai Luen Pls find below issues ive experience for my persona 2017 model (mainly noises) 1. Dashboard rattling (unresolved despites proton installed ip noise kit) 2. Brake noise "tap..tap" (unresolved, brake drum changed...process still on going) 3. Right Front suspension noise "dup..dup" (unresolved, insulator & strut mount installed. Waiting for shocks) 4. Unlocked remote hold 3sec all doors opened instead of just trunk. 5. Left front power window (solved, rubber changed) 6. Head Unit intermitent hang. Poor responsive As an owner of new saga cvt & bezza too, i strongly recommend new saga cvt, bezza & last is persona. Thats how i rate all these 3 cars. Despites changed the tire to conti CC6 185/60 stock rim 15", retain the stock shocks i still feel the stiffness which i believe gives the dashboard to rattles when hitting bumper & potholes. Installed the ultra racing strut bar, helps abit but yet stiffness can be felt. My verdict, if any of buyer looking for comfort ride, go for new saga cvt/bezza instead.

[@KonWaiLuen]

1. Dashboard rattling - Mine has that too, but not significant enough to bother me. 2. Tapping brake noise - Not present in mine 3. Suspension noise - Didn't notice any 4. What spec is yours? Mine Premium CVT, comes with keyless entry, key fob has a dedicated button to open just the boot. 5. No power window issues 6. Have that too. Useless system, but understand the newer ones have an improved unit. Our car runs on standard size 185/55 R15 tyres. Car feels much more refined after swapping the stock fit Silverstones for Michelin PS3s. I do feel the rear can sometimes be bouncy going over bumps, but the Roda Pusing crew has a much newer unit that seems to drive more refined than mine.

[@mhaffiszul]

Something you can explain in 1 minute ended up 6 minutes and 35 seconds.

[@KonWaiLuen]

Have to give a bit of background mah

[@babailew982]

Mohd Haffiszul Mohd Said you do one then..

[@zedfly6396]

Use credit card better. Get lots of points

[@KonWaiLuen]

Good idea!

[@jetdin9400]

Credit card payments have 3% fee :-(

[@shauntan2266]

Mine when I bought my car they only accept credit card for amount rm3k. The rest of it I did bank transfer to the dealer company account. If they allow me to swipe cc to pay the downpayment, I will

[@doraibas]

Exactly. Just issue a cheque/bank draft under the dealership name. Safe or just use credit card, can reverse and dispute payment

[@KonWaiLuen]

Credit card works too, if your limit is high enough. And you're right, can reverse or dispute, although I think you can also cancel a cheque.

[@YA_CreativeSoul]

What if the salesperson doesn't want to accept my personal cheque? Should I report to his supervisor?

[@KonWaiLuen]

Buy from another. If the worry is that your cheque will bounce, common industry practice is that the order is understood null and void if the cheque doesn't clear.

[@YA_CreativeSoul]

Ardent Fan yes, I think I'll do that. At least they will trust the bank. Tq.

[@Johnmith626]

Credit card lor lg senang.I think it's illegal for a salesperson to collect more then 1 pc based on HP act.Hence most ppl should be able to use CC .

[@KonWaiLuen]

If your CC has high enough limit, that's a good idea too!

[@Johnmith626]

Kon Wai Luen Booking fee few hundred ringgit only ma can be swiped at dealers terminal that way the salesman there after can't runaway.Also just for sharing is to get the invoice right the first time.When we wanted to change the colour within three days after we booked the car.Salesman said everything kawtim but after sign lou he gave some BS story.In order to not be charged with SST we settled for a colour which we initially booked for instead of what was revised and agreed upon. Hence it's important to get the documentation right the first time .Not to mention wrong loan amount keyed in by salesman which the bank needs to ammend a new agreement to sign which is cumbersome .Sigh.

[@Haijugas]

good explanation, boss

[@dvdklcc]

Good advise

[@jdheng]

Always pay at counter & get official receipt in any transaction..

[@KonWaiLuen]

Yes. That's correct.

[@ahmadjohan6571]

those seats looks good

[@KonWaiLuen]

Car parked in shade most of the time.

[@NasirCrazyguy]

Thank you for the info :)

[@KonWaiLuen]

Thanks for watching!

[@NasirCrazyguy]

Kon Wai Luen keep up with the good content :D

[@KonWaiLuen]

Thanks for watching!

[@philiptanchingleong3532]

If we do not have cheques to use?

[@KonWaiLuen]

Online bank transfer works too.

[@sxernder4]

I just paid cash deposit for new toyota vios..any chance to track back the deposit...and the document got no chop on it...hmm

[@KonWaiLuen]

Is your SA responsive to your calls?

[@spdnizam]

Good advice

[@KonWaiLuen]

Thanks for watching!

[@yeowwa2416]

Come on la, what world are we in today...use AliPay, SamsungPay, KonPay to dealer directly...ok?

[@KonWaiLuen]

Any of these work too, as long as the dealer supports it

[@TonyStark-ey8dt]

what should i buy under 40k car

[@KonWaiLuen]

Used car or a Bezza, take your pick 😅

[@bieight8]

I always buy my aston martin and range rover in cash, so far no problem

[@KonWaiLuen]

Can I be your friend?

[@naimazwan5952]

Me to. I always buy Bugatti weekly at chow kit no problem.

[@richiechun]

always buy...? how many cars u have LOL

[@muhamadfadzlyshaharani5787]

GTA maybe

[@wiraperang]

yeah can we be friend too?

[@stephenho888]

Plz don't drive too fast in housing roads in pj tq

[@bryanwcp1]

cheque? mine collecting dust since IBG and Instant transfer was introduced.

[@KonWaiLuen]

Internet banking works too, as you can bill the money directly to the dealership's account.

[@Sunset13118]

Thank you Sifu

[@KonWaiLuen]

Thanks for watching

[@adkan1995]

0.52 " just as liable to being kon" heh punz

[@KonWaiLuen]

Lol

[@mataharimau8415]

Cash is better.....yeahhh

[@KonWaiLuen]

Well....as a wise man once said... .cash is king.

[@countdracool1348]

Stop dragging...

[@KonWaiLuen]

You haven't seen real dragging mate.

[@countdracool1348]

Kon Wai Luen sorry sir but the Babbling best stop . Pour out some solid facts pls. 🤪

[@Hazemann]

I want to try to pay my fast food using the cheque...can I pay KFC using a cheque?

[@KonWaiLuen]

Erm... go try it.

[@mangg0]

Thanks man ;)

[@KonWaiLuen]

Thanks for watching!

[@cezrok5405]

Cash deposit always .....

[@neutrallise229]

Too long winded for something kinda useless

[@KonWaiLuen]

What can I say, I love to talk, but thanks for watching all the same.

[@screamao8841]

how abt buying a new car cash?

[@KonWaiLuen]

Well.... in this context, buying a new car cash essentially means paying for the car entirely out of pocket without financing. In such an instance, the payment would still be made by bank transfer, bank draft, or a cheque. You are unlikely to bring a sack with RM50k - RM100k worth of bank notes to the dealership, right? What I was referring to in the video was people paying the RM500 - RM1,000 deposit / booking fee direct to the salesperson by bank notes. You won't have problems with an honest salesman, but if the fella has plans to abscond with your money, habis la. So, best is to write a cheque or do an online bank transfer to the dealership's company account.

[@screamao8841]

yepp.i understand what u mean.juz wondering if buying a new car cash is suitable in the long term.is it more beneficial in the long run.financially it is but if planning 2 change car every 5 years i wonder

[@KonWaiLuen]

Depends on how you prefer to manage your finances. You need a healthy cash flow to sustain a car loan, but taking loan allows you to keep more cash in hand.

[@zedfly6396]

There was a case in Singapore - parallel import salesman ciao with money and even with company receipt issued , the company can claim he wasn't authorised to issue receipt! Luckily the court sided with customer and punish the company. So Kon's suggestion is correct. Non cash payment to company account is best. But then pray company won't go bankrupt lah. Singapore got lots of PIs who easily file bankrupt- money all burnt

[@alien13579]

worth it if you can afford it because ultimately you're paying only the price displayed, nothing more whereas if u take a loan, you're paying for that interest which cost quite alot in the end

[@jamestan8112]

So far COD. I see the car .... I pay. Talk so much

[@KonWaiLuen]

If it works for you, all well and good.

[@denniswongcc]

Stop talking nonsense k. Who on earth will pay cash and calculate a stack of cash to sales person without giving an official receipt?

[@KonWaiLuen]

You'd think so right... but guess what, there are people who would happily hand over their money without demanding for proper receipts and papers in return. The reason I made this video was because I knew of actual people who kena con

[@pakdolan]

There are many many gullible people in this world, believe me.

[@aidantan1586]

Pros and Kons hahaha

[@limcharles9730]

watching your vids kon me... hu huu

[@KonWaiLuen]

Aiseyman

[@ArisSharif]

eyyyy kg tunku

[@KonWaiLuen]

My neighbourhood.

[@kelmen02]

dangerous driving. i hope i never come across with u on the road

[@KonWaiLuen]

Feeling is mutual.

[@superpooper_2030]

Not clever enough!!!!!!!!!! You should HIGHLIGHT when issue cheque, Payee's name MUST be official company name eg.g ABC Motor Sdn Bhd

[@KonWaiLuen]

I believe that's exactly what I said.

[@superpooper_2030]

HIGHLIGHT!!! You never highlight but you did mentioned

[@kinggrimlock35]

Can’t understand you just say it in ur language

[@MsSeekers]

I can understand sikit2 english..kalau melayu i faham...😩

[@KonWaiLuen]

Hahaha... sama-sama tingkatkan penguasaan bahasa kita.

[@coopsnz1]

Are you rich like my parents no, because they paid cash for cars

[@KonWaiLuen]

I'm not even rich to start with. Whoever your parents are.

[@coopsnz1]

@@KonWaiLuen won't be if you finance cars , always pay cash unless you own a business

[@GhastUnity]

Ben Chesterman dat flex tho

[@rembeable]

god damn get to the point la bro. wasted 4 minutes talking crap for what

[@KonWaiLuen]

Why? You don't love the sound of my voice?

[@rembeable]

Kon Wai Luen too much foreplay bro. Hilang stim already. Damn I can't be mad anymore reading your reply.

[@KonWaiLuen]

This kind of complaint..... you kasi saya cukup ya. Jangan complain ini macam kat bini ya.. hahahahaha