Police warn public of new car scam

August 24, 2017

The Philippine National Police (PNP) warned the public of a new scam where car owners are duped into selling their vehicles to persons promising to shoulder the remaining loan balance of their vehicles.

This scam has  victimized at least 32 vehicle owners, according to PNP Highway Patrol Group spokesman Senior Inspector Jem Dellantes.

Dellantes advised car owners to coordinate with financial institutions about their loan mortgages.

"They should coordinate with the financing institution or with the bank where the bank was loaned," he said in an interview over dzMM. DMS