New and Used Car Talk Reviews Hot Cars Comparison Automotive Community

The Largest Car Forum in the Philippines

Results 1 to 10 of 107

Hybrid View

  1. Join Date
    May 2014
    Posts
    1,318
    #1
    Quote Originally Posted by dr. d View Post
    sana ganito,
    "either bigyan nyo siya ng current equivalent model, or its money equivalent today, depending on winner's choice, plus 10% interest for every year from 2011."
    why the 10 % ? because he wasn't able to enjoy the use of the car all that time.
    and the interest clock is ticking still, at an additional 0.834% more for every month after nov 11, 2021.

    somebodys should be made to feel that it does not pay to procrastinate.
    Really curious how the renumeration/compensation to the complainant will be computed (initial and final settlement amount). I would assume depreciation might play a factor in the computation. Does the complainant also even own the car still to this day? How will the duration of his ownership play a part in the computation, if at all. Really curious.

  2. Join Date
    Jan 2007
    Posts
    2,452
    #2
    I'm assuming depreciation will NOT be involved, as the law explicitly states that the customer is entitled to a full refund or a brand new replacement.

    Rather, it's going to be Mazda's fault for their own losses because they're the ones who decided on dragging out the case out instead of paying out immediately, or after their loss at the CA.
    Now they have to buy back a 10-year old car for the full purchase price, or replace it with a brand new unit.

  3. Join Date
    Jan 2008
    Posts
    4,726
    #3
    agree.. full refund.. or replace with other unit higher with price difference..

    kung 1M yan, dapat 1M din ang balik..

    sana ma update kung nag comply nga ang mazda

Tags for this Thread