New Car Scam?

[skinndeep]

Hi guys, so this morning on my way to work I saw something I haven't seen in a while. It's that buy a car for a fraction of the price deals, now surely people can't fall for this again? Or am I jumping the gun here regarding the issue?:what:

 

[Kloofvreter]

Interesting

 

[deweyzeph]

Of course people will fall for this. There are so many idiots around.

 

[HunterGR]

probably a rent-to-own scheme with a ridiculous monthly rental over lets say 72 months, where the re-payment by the actual person who has taken the finance for the vehicle pockets about 20-30%

 

[Colin62]

Either that or it's just a premium rate SMS scam. There's no website to check T&C show on the stickers.

Edit: I did like the "While stocks last". They stock the cars themselves?

 

[geezer]

If I google that SMS number, the first hit points to the Satinsky Group, which orchestrated the "R699" car scheme. I would steer clear of this!
https://www.facebook.com/satinskycarrentals

 

[XennoX]

Haven't we already been down a similar road before? Oh yes we have ...

 

[Colin62]

If I google that SMS number, the first hit points to the Satinsky Group, which orchestrated the "R699" car scheme. I would steer clear of this!
https://www.facebook.com/satinskycarrentals

Thanks for that.

 

[skinndeep]

Haven't we already been down a similar road before? Oh yes we have ...

Just letting the forum know that it's out again. Under a different name

 

[zululami]

If it sounds too good to be true...

 

[Heisenborg]

"While stocks last"

Read: Whilst the ponzi scheme is still active and fools are signing up

 

[XennoX]

Just letting the forum know that it's out again. Under a different name

It's not an attack on you. It's just a statement that we're seeing the same **** again.

 

[Bismuth]

I have seen these "rent-to-own" schemes before, they charge you a R15-20k (or so) deposit, then some inflated premium over a certain period, after which you apparently own the car. They claim not to require credit checks as it is a "rental" and not a "purchase", is that even legal?

Regardless of the above, would steer clear of anything to do with the "Satinsky Group"!

B

 

[skinndeep]

It's not an attack on you. It's just a statement that we're seeing the same **** again.

I know just saying. I actually couldn't believe it when I saw it. Did people sell all the other cars?

 

[Sonic2k]

Can't keep a good scam down it would seem.

 

[FiestaST]

If people cant/understand this scam the second time around they might deserve to be scammed then & still with the crappy Tata ma chance cars.

 

[satanboy]

Anyone seen "Pawn your car and continue driving it"?

 

[Bismuth]

Anyone seen "Pawn your car and continue driving it"?

Yeah, that fascinates me, first saw the billboards around Joburg, and have now seen one or two in Pretoria. I presume they keep the title like any finance company, and send a couple of big guys to "repo" if you don't pay.

Come to think of it, how is this different to refinancing?

B

 

[Wyzak]

The Satinsky group was the best scam I was ever involved in. Received R20,000 for the advertising on my car.