So you have all seen those cars branded from top to toe with “Drive a new car for R699p/m – No residual, No deposit!” and thought to yourselves “that sounds too good to be true!”?

You were right, it is, and those who went for the ‘great deal’ are now in hot water because of it.

Motorists who drive a car displaying advertising that states  ‘Drive a new car from R699’ are up in arms after the company behind the alleged scam, the Satinsky Group, said in a statement on its website that it  dissolved its management agreement with media platform company, Blue Lakes Trading and Promotions Ltd.

This means they will not get paid according to the two options they signed up for.

An aggrieved Fin24 user wrote that “hundreds of people have been cheated out of their money” by Satinsky Group of Companies, which runs the Drive Car Sales business.

Owners of these cars have been left high and dry with no copies of signed contracts to fall back on, breeches of contract left, right and centre and huge outstanding debts that they would probably never have taken on without the false pretence, which many can not actually afford.

The sad moral of the story, folks, is that if it seems too good to be true, it usually is. Be careful with your cash, there are LOTS of people who want to scam you out of it.

More details available on Fin24.