Vehicle owners who pawn their vehicles to a third party to cover their loans without the bank’s approval could be fined or jailed, according to a report by Berita Harian.
The home ministry said that cases of vehicle pawning or sambung bayar are actually against the Hire-Purchase Act 1967, in a written reply to the Dewan Rakyat. “Action can be taken against owners who pawn their vehicles or sambung bayar to third parties without the bank’s knowledge and approval,” it stated.
Answering a question by Segambut MP Lim Lip Eng, the ministry stated that enforcement of the act is under the power of the domestic trade, cooperatives and consumerism ministry (KPDNKK). In Section 38 of the Hire-Purchase Act 1967, an owner who is found to have sold their vehicle while the hire purchase agreement is still in place could be sentenced to a fine of up to RM30,000 or three years in jail, or both.
The ministry elaborated further, stating that it is aware of cases of pawnage or sambung bayar as a way out for vehicle owners unable to pay their monthly instalments to the bank. “A problem arises when monthly instalments for a car that has been pawned or sold through sambung bayar have not been paid, putting the named owner of the vehicle on the bank’s blacklist.
“These cases cannot be categorised of vehicle theft, as there are no elements of theft as stated under Section 378 of the Penal Code. However, if the police has found elements of deception in its investigation, it will investigate the case under Section 420 of the Penal Code,” it said.
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Masa raya Beli kereta,
Lepas raya Sambung bayar..
Suka2 jual tanah
Ini smue hanya kat Mesia.
Should also jail the buyers. This is typical mentality, want to live above your means. Most of the sambung buyers cannot afford the downpayment. The downpayment is there for a reason. It is like a means test to show whether you qualify for the loan.
These buyers are the ones who ask the dealer to jack up the price to 110% to try to get full 100% loan.
This is mostly the case during festive season. Want to show kampung that they have done well in bandar and they have made it big. Especially want to berlagak to Abah and Ibu in kampung.
no need to jack. buy one car 100k, get discount 9k. you pay 1k, can get the car already.
Agreed. Most of those high sales & tarik is during after End-Jan/Feb period. Dunno why. Anything special with these 2 months kah?
Betoi beb. Feb1 Federal Territory Putrajaya Day.
you are right john. the reason is most of unsold cars from previous year need to clear faster before June, or else the company will start to lose money because of depreciation. so, more and more discounts given during that time.
No wonder during CNY so many promo, so may sales, then later so many tarik.
Deswai dis yr balik kampung, i rent a Camry for my whole family. Next yr balik kampung, tink of renting Volvo XC90… upgrade bah. I live a humble Jazz life.
Pls lah
market value, rugi 10k.
jual kat 2nd hand dealer, rugi 20k.
trade-in, kedai tak mau.
last choice, ada orang mau ambung bayar. at least tak payah bayar extra.
sekarang gomen mau jail pulok. aduhai nasib.
Itulah org dah kata: ukur baju di badan sendri. Kalau setakat mampu beli P1, belilah P1 saja. Jgn pulak nak mengia-ia mau jepunis. Dahlah beli low spec, lepas tu salahkan gov kalau tak mampu bayar.
Saman & tangkap all Sambung bayar no problemo
Dah ketagihan, diorang kena dipaksa rehabilitate supaya control kemahuan hidup mereka.
Yes, this should be banned.
Mana ekonomi terjejas? Mana rakyat terjejas? Kan Maslan cakap betul, GST kurangkan kos hidup, makin ramai beli bmw. Terbukti ekonomi semakin kukuh
Dah macam cancer stage 4, baru nak take action? Dah tak heran da pasal sambung bayar, so rampant, da jadi norm da.
Good luck with that.
dulu sambung bayar, sambung aje. skrg sambung bayar kadang2 nak downpayment 30k. giler.
What to do…. if sell off second rugi like hell, since someone want to sambung bayar definitely let them sambung bayar so no rugi. Who know that person sambung bayar will use it to rob bank or do any illegal stuff or not.
Tak mampu jangan beli keta mewah. Tunjuk lagak, inilah padahnya. Lol!
Biar papa asal bergaya yo’
aiyoo..betul ka mau jail ? banyak je dalam CAROUSELL dgn FB…tak kena tangkap lagi pun..alangkah lucunya negriku ini
Pawners, pawnees, and pawn stars (read PPIM ;-)
I can afford to buy a BMW 320i but because i live a humble life, i just drive Civic FC 1.5T.
I can also afford a top end Pinarello road bike, but i just buy a Cervelo.
I can afford Lambo but because i live a humble life, i just ride MRT. Ini barulah…. Gud job!
We are glad u just drive a Civic, if not you’ll be comparing your BMW with Myvi, and boast how fast and superior your stupid car is that makes everybody wanna puke.
Do you know why people with a small “gadget” likes to boast about how good they are on the bed? This is call inferiority complex, and you are one of them.
ABOUT-TIME! effectively a mean to sell a USED or SECOND-HAND car at higher prices.
sambung bayar pun..banyak P1 and P2 laar….
beli seken hen pun…installment serupa beli baru….baik beli baru bila ada diskaun….ekekekekekekeke
Open up muda.my so many ads promoting sambung bayar. it goes to show something is wrong with this economy
High cost of living or high cost of lifestyle? Which one is happening now in Malaysia? Very thin line… one is due to push factor and one is due to pull and it will be easier to push the blame to someone else for the quest of the pull factor.
In Mesia, only when kena tangkap, then case considered illegal. If tak kena tangkap, everything is okey…
If xkena tangkap not illegal. Every country like that what
only after that bmw knock ppl case they start to aware this?
For those car owners, don’t pawn it. Just run it as car for rental, or you moght wanna lease it to car rental company to cover the bad debt you’ve made.
hai & salam to all,
first of all before anything..i would be prepared myself as some of you will definitely KECAM me..but i just try my best to express my opinion in manner way.
Actually SAMBUNG BAYAR ni dah lama..juz dulu its juz between family members, kakak tak mampu bayar then adik tolong sambung..then next..kawan2..atas dasar tolong kawan..dari nama masuk ccriss or blacklisted.
if you serah kat bank..untuk dilelong..and if harga lelongan rendah dr baki dibank..still the balance will be credited into your loan acc..if kereta hutang sikit okla..usually yang nk buat sambung bayar ni majority strive for second chance to build their life..atleast they sell the car to trusted company (company yang ada genuine n good procedures) n they earn some money..then they can rebuild their life..maybe in future when financial got stabil they can buy back the car or buy new one..who knows,,it is possible because their name with bank still maintained ok.
yes sekarang market sambung bayar are blooming..sebab ada DEMAND and as usual semua bidang ada bad culprit yang akan rosakkan the business reputation..these irresponsible fellas ambil kesempatan atas kesusahan orang lain.
Lagi sekali, pemilik dan pembeli kena bijak memilih mana yang ok..
for me..my humble opinion..gov should find solution to help the people..how to preserve n protect them. Nowadays ,ekonomi x berapa ok..bukan di Malaysia saja..it affected whole world..
i wish we can find solution for sambung bayar..im in this business for almost 10 years. we try hard to lower the risks by practising strict procedures.to protect both owner n new driver.
Again..there are cons and pros..but it apply to all business also.
sebelum ni pernah nampak di fb ada seller post ranger raptor baru keluar dari showroom terus jual sambung bayar, mintak 40k deposit… semua netizen kencam, seller terus delete sales posting