Shariot pauses vehicle rental services, citing 'internal business restructuring and service review'

[Hmv]

https://www.channelnewsasia.com/sin...-paused-business-restructuring-review-5771446

 

[ftan42]

Not sure if members need to pay a fee to join the car-sharing scheme. If so, what happens to their $$$?

 

[cockie]

Not sure if members need to pay a fee to join the car-sharing scheme. If so, what happens to their $$$?

Member is still a small issue… the bigger issue would be those who paid a deposit and rent the car for PHV driving… now with the car reprocessed, no car to earn money and the deposit may not be able to get back… double whammy

 

[Iceberg]

Banks has stopped providing additional credit to the car leasing industry. These are the people who bidded our COE sky-high despite lower paper value to enslave our population. Even Toyota Financial Services got conned over $40 million. Now, even Hong Leong Finance also stopped financing new cars for these companies.

If you are a car leasing company, where are u going to get the money to bid for a new COE? They may even have to offload their ex-stock vehicles in exchange for business cash-flow. COE prices will drop, resale prices will drop.