It has been revealed that the Financial Services Agency is conducting on-site inspections of two companies, including the operator of the used car dealership Gulliver, on suspicion of fraudulent insurance claims being made to non-life insurance companies. In the used car sales industry, fraudulent billing by the former Big Motor has come to light, and the industry is working quickly to uncover whether such fraud is widespread. The FSA is conducting on-site inspections of idom, the Tokyo-based operator of the used car dealership Gulliver, and Goodspeed, a used car dealership headquartered in Nagoya. Of these, Goodspeed announced last year that it had made inappropriate claims following the issue of fraudulent insurance claims by the former Big Motor. However, according to sources, the Financial Services Agency decided to carry out an on-site inspection, as it has not yet fully clarified the matter. An on-site inspection was also conducted on “idom” due to suspicion of fraudulent billing. Goodspeed’s previous independent investigations have revealed that it had billed insurance companies for work such as bodywork and painting that had not actually been performed. The Financial Services Agency will investigate whether such fraud was widespread in the industry and will work to quickly clarify the situation. nhk news web October 21, 2024 23:09.
>>1 Even if used car dealers are cheating, insurance companies will turn a blind eye. They probably just want to raise insurance premiums. We learned a lot from the Big Motor incident.
Just recently I went to Gulliver to buy a 4-year-old, low-mileage, clean-painted used car for 1.2 million yen including all-inclusive, and they quoted me 2 million yen for coating, inspection, maintenance, etc., and even though I said I didn’t need anything extra, they gave me a lengthy explanation of everything and tried to persuade me to buy it. I thought it was just like Big Motors.
When I went to Gulliver to buy it, I was told, “This is all I can afford,” (which I thought was probably a lie; I’m sure they’d make a big profit from selling it), but I still sold it to them for 2.4 million yen. A while later, I checked Car Sensor and saw that it was being sold for 2.48 million yen. But is that really enough profit?
>>23 Gulliver doesn’t sell cars at the price tag. They have all kinds of weird things, like a coating that costs an extra 50,000 yen. I’ve come home without buying a car I was planning to buy. “See, the quote system doesn’t allow you to choose! You can’t choose without a coating!” I dunno, that’s against the law, so why are you mad? lol
>>23 They attract customers with the low price of the price board, then charge them for coating, washing, cleaning the interior, and pre-delivery maintenance. >>53 When I went there two years ago, it was possible to remove it. Instead, you have to choose a plan that includes a regular car wash for nearly 20,000 yen.
>>23 If someone bought it for 2.48 million yen, I’d say “that’s the profit,” but that’s not the case. I can’t say anything for sure without knowing the warranty fee, inspection fee, coating fee, and how much it cost to drive.
>>27 Unfortunately, it’s true. Banks, insurance companies, and securities companies are no good in Japan. You can’t tell from the outside, but it seems they’ve changed a lot of things inside.
I recently sold a minicar, and Gulliver had a gentlemanly and businesslike clerk, and the valuation was decent.
Apple had a friendly and helpful clerk, but the valuation was a bit low. Next I went to Nextage, and for some reason they were very enthusiastic, but they stayed in the back and made a bunch of phone calls, and gave me an valuation that was 40% higher than Gulliver’s. I guess it was just the kind of car I was looking for. Nextage was good, so I made an immediate decision, and ended up not going to Car Seven, which I had planned to go to last.
Sensei, have they arrested the Ministry of Land, Infrastructure, Transport and Tourism and the Nippon Foundation for the fraudulent orders of 500 million yen yet? They are airing commercials on the Shinichi Hatori Morning Show, which is a violation of compliance. Don’t air commercials for criminal companies.
>>39 Komeito Party monopoly Bullying Toyota Taxi deregulation Traffic accidents are on the rise…! An “unbelievably easy” way for Chinese people to get a “Japanese driver’s license” Subsidies for Chinese EVs You can guess the rest, right?
If Big Motors is allowed to operate and insurance companies aren’t punished, then you can see that the car and insurance business in this country is finished.
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