SunStar
+ April 30, 2021 THE Department of Trade and Industry (DTI) has announced the prohibition of an “installment only” basis as an exclusive mode of payment for dealerships of either motorcycles or cars in a new department administrative order (DAO).
According to Ines Cajegas, DTI-Cebu Consumer Protection Division chief, the new DTI DAO emanated from the numerous complaints nationwide against motorcycle dealers which are offering sale-by- installment only.
“(Some dealers) won’t accept cash basis transactions. This fact reached the Senate, and during the Senate inquiry, the DTI was made to act fast and regulate this,” she said in a text message.