One of the coffee shops talk :
If a person buys 100 very old cars with engine capacity of less than 2000c.c, and register under his name. How much is he going to get?
Lets say each car costs RM 1000. One hundred old cars means a capital of RM 100,000.
He needs not use the cars. Just store it in a rural open space.
He can get a rebate of 100 X Rm625 rebate = RM62500 a year.
In 2 years, he will make a profit of 62500 x 2= 125000 minus 100000 = RM 25,000.
In 4 years, he will make a profits of 62500 x 4= 250,000 minus 100,000 = Rm150,000.
The more vehicles he owns, the more profits he gets. 1000 vehicles means he gets 250,000 in 2 yrs and 1.5 millions in 4 years….
The longer is the scheme , the more profits he gets.
The older are the cars, the cheaper he can buy, and the more profits he gets.
(Third party insurance of Rm 10 per car means he spends an extra Rm1000 a year, a negligible sum compared with his profits).
Who says coffee talks are nonsense??