1 reviews | Active since Jul 2011

04 Jul 2016, 12:36

Car Valulation before approval

<p>I purchased a BMW 320d in 2014 with the following details. 2011 model, 89 000km(NO EXTRAs). Total price of vehicle R296k. Total price included interest R415k. My question to your office, the person who approved this deal from your organisation, did he/she valuate this vehicle before granting apprvoal? I strongly belive that something very funny went on with this deal between the dealership & your organisation. I signed the contract because I trusted MFC(as I was previously had like 3 diffrent contracts with them) & I am not clued with market value etc. I tried to phone the dealer to enquire about this, but discoverd that they were forced to close down. Now, I wonder if there was some malpractise?</p>

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Replies (1)
Motor Finance Corporation
Motor Finance Corporation's reply05 Jul 2016, 05:53
Official

Good morning Mr Moonsamy

Please note that I will refer the matter to our credit department to investigate. I will revert back to you as soon as they come back to me.

Kind regards

Louis Masilo