MANILA, Philippines — The Department of Trade and Industry (DTI) will issue a department order that will address the installment-only scheme of some motorcycle dealers.
Trade Secretary Ramon Lopez disclosed this during a Senate Blue Ribbon Committee hearing Monday after Senator Richard Gordon asked the former about the installment payment scheme in motorcycle dealerships.
“Yun bang pinagbibiling motorsiklo na ang singil ng mga dealer na 36 percent interes makatarungan ba ‘yon?” Gordon, chairman of the Senate committee, asked Lopez.
(Is it right for motorcycle dealers to charge buyers 36 percent interest?)
In response, Lopez said consumers should have…
Keep on reading: DTI set to address installment-only scheme for motorcycle sales