Re: Khang Auto
MW, I like your responses. Always constructive and objective.
Warranty Balance and claims
Guys, for those of you who wants to claim back your warranty balance, you can try. It will be Kar Engineering Pte Ltd that you are targeting. Mostly you will do well through Small Claims (below $10k). You can probably start a class action to get things moving. Bitching on the forums and collecting user-ids doesn't count. I have outstanding warranty with them. But I personally do not care about it. The chances you get anything out of Kar Engineering at this point in time when they are undergoing solvency are second to nil. If they have any money left and brought to court, you will get paid last.
Cars stuck in workshop
For those whose cars are stuck in workshop, trust me, they won't go up to you and try to push the cars back to you. They might. After I taught them a lesson on the liabilities that they are holding. You have to give them pain. And let them know that you are not one to be trifled with. Sure they can use your car (mine too) as betting chips and leverage against Kar Engineering to get their monies back. I can lend them the car. For a fee. And that they take reasonable care of the car while in their possession. But since they are deriving a benefit out of my car, it's only fair that they remunerate me for it. And since they lost parts of my car while it was 'used' by them, I expect them to pay me back.
In short, make noise. Call them (the landlord). Report police. Call newspapers. Call MPs. Tell LTA. Call your finance company. Inform the insurance company. Call your lawyers. Get in touch with Wong Partnership, the landlord's representative lawyers. Demand, demand, demand. Again, bitching on this forum doesn't count. I have had the newspaper cover the news and they have posted photos of my car being towed out of the premises. Let's see if they can take any more...
Can? Ok, I am buying shares of the landlord. The landlord is a listed company. After I buy shares, I will be attending the AGM and questioning them of a contingent liability of $544k. And what steps they are taking to re-cover it. Or to write off. Their response would be in the lines of "engaging a lawyer to sue for recovery of monies", "locking up their customers' cars", negotiating the directors of Kar Engineering...
Wait a minute. Locking up the cars? What cars? Do they belong to you? Or Kar Engineering? Do you think Kar Engineering (a solvent company) would care about it? Did you take into account the face value of the cars locked up and the general liabilities that you are undertaking? Are you weighing the liabilities of "$10m" lockup to secure a $544k bad debt? Did you take fair and reasonable care in ensuring the security of the cars while under your care? Did you consider the impact of the public appearance that you lack proper "public governance" in such a move? No, no, no, no, no, no, no and no. They are in so much shit they don't even realise. Sorry for them that it's my car that happens to be locked up. I am sure there will be a lot of people whom they can trample over and lock up the cars without much of a care. But it's me.
A lot of shares allows me to appoint 2 proxies to attend the AGM. I have 4 lawyers queueing up to take their shot at this case. It's interesting, probably hasn't happened before. And looks good in their portfolio for having handled such an unprecedented civil case before.
I am not trying to be anal here but guys, I can't illustrate how important it is for you to bring your demands to the table and make it known to the landlord. You HAVE to demand. Else their claim will be that you did not care enough to make demands, and thus was of the reasonable assumption that you could have decided to abandon your car in their premises.
Go get them.