Saturday, June 7, 2008

A loop-hole to profit in these seemingly hopeless times.

While we are still in the fever of fuel prices(at least that's what i think), i would like to share a conversation i just had with my father over the dinner table just now. My dad was saying that there's gonna be many people who will get rich...n get rich fast. And yeah, its because of the fuel price hike that occurred recently.

The government will be giving a rebate of RM625 to those who own a low c.c. car, which basically means those with tiny, economic cars are going to receive Rm625. That's why you can see that smile on the faces on drivers of Kancils, MyVi's and etc. Good for them.

However they aren't the only ones who are smiling because of the rebates. Car dealers have come up with a brilliant scheme to loot of the government by buying a shit load of second hand, low c.c. cars which are in the same condition as those cars we see in Mtv's Pimp My Ride before they get "pimped", for dirt cheap prices(I'm talking about Rm300 to Rm450 per car). Lets say a car dealer grabs 1000 units of such cars. Cost: RM300,000 to RM450,000 and they leave those cars in a junk yard and get it scrapped but continue paying road tax for them. Hence when they pay the road tax, they get that sweet rebate of RM650 per ride. So that would come up to RM650,000 for those 1000 cars. This would mean that they could collect a rough profit of RM150,000 to RM300,000. Not too shabby aye...hahah.

This just makes me laugh. Its not only the government who's looking for ways to pick off the tax-payers money but even the tax-payer has ways to loot of the tax-payer's money...a somewhat entertaining scenario i would say.

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