Amir, a businessman, took possession of a second-hand car under a hire-purchase agreement with Sinar Finance Ltd.
The total hire-purchase price of the vehicle was RM20,000. Amir paid a deposit of RM2,000, with the balance to be paid by 36 monthly instalments of RM500 starting from January 2006. Amir paid the first two instalments as and when due. Due to a downturn in business, Amir did not pay the third instalment, but he managed to pay for the fourth instalment which was due on 25th April 2006. After that Amir was only able to pay the rest of instalments alternately. In August 2006, he received a 4th schedule notice which specified that he had three months arrears that should be paid within 14 days. When Amir failed to pay by the date specified in the notice, a representative of Sinar Finance Ltd. called at Amir's home. The representative advised him that he was obliged in law to allow him to repossess the car. Amir allowed him to do so but he was very unhappy with the whole events. Advise Amir.
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