The Wheels Fall Off The R699 Car Deal

Quick Consolidation Loans can help you with all types of repayments, not just those on your car.

If it’s too good to be true, it usually is. We have all seen the branded cars around town, proudly advertising what seems to be a very attractive car finance deal. Admit it, we all considered it. Thousands of other motorists bought into the “Drive a new car for R699 a month” deal. They paid their monthly fee of R699 that went towards the monthly repayments and got a brand new shiny car. Great deal, right?

Not quite. More like a great scam, it would seem. Satinsky Group were the company behind this deal on behalf of Honk Kong-based holding company, Blue Lake Trading. Suddenly, without warning, they pulled out of the deal – leaving thousands of consumers in financial crisis, as their rebates were not paid out this month, nor are they likely to be. Car owners have been left angry and confused that they are now unexpectedly liable for the full instalment on their cars this month, which for most is a major crisis as their budgets cannot cover this increase.

Some say they had never received the agreed amount back in rebates, since buying their cars on the scheme. Many car owners took to social media to voice their frustration, while others posted up pictures on the web of their branded car with warnings pasted next to the advertisements for potential customers not to buy into the scam. If you are struggling to meet your car or any type of financial repayments, National Debt Advisors can help. Just give us a call or fill our online form and we will call you back within the hour!