MANILA, Philippines — Sen. Richard Gordon lashed out on Monday at motorcycle dealers for allegedly refusing or delaying the release of original receipts (OR) and certificates of registration (CR) to buyers paying on installment.
During a Senate blue ribbon committee hearing, Gordon said his office had been receiving complaints from consumers, who said dealers refuse to release their OR and CR until they had made full payment.
The senator lamented the practice, which he said enables dealers to resell the motorcycles as demonstration units.
Further, he questioned why in some cases consumers were made to sign a promissory note, which he said would allow dealers to repossess the m…
Keep on reading: Gordon hits motorcycle dealers for not releasing papers to installment buyers