Buying Cars with Damage from Bank Repo

**yungfrankie** · December 16th, 2019 02:18 PM

Hi, Hingi lang po sana ako dito ng opinion or kung meron may mga first hand experience na bumili ng meron damage/issue from Bank Repo. yung mga ganun po ba is 'As Is' and hindi na triny galawin or irepair ng banko para tumaas yung appraisal value?
I'm planning to buy a 2019 model, 5k palang ang mileage, ininspect napo namin and okay naman lahat maliban sa bangga sa harap and likod, pinaestimate ko po at mga 10k yung gagastusin for repair ng bangga sa harap and likod. And meron din konting bent yung condenser dahil tinamaan, pero sabi naman ng kakilala kong mechanic is di naman daw magkakaproblem yon(see attached).
Since bago pa, I expect na wala pong ibang maging issues pero natatakot padin ako.
I'm still thinking if this is a Good buy or maghanap nalang ako ng unit ng mas maayos and wala ng paparepair.

**chronicle** · December 16th, 2019 02:35 PM

Mahaba process sa pagbili sa banko. Kung kukuha ka lang din, bawasan mo na sakit sa ulo/intindihin.

Daming repo na good buy. Bakit pa magtyaga sa damaged.

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**_Qwerty_** · December 16th, 2019 02:35 PM

as is where is parati yang mga repossessed cars..

anong year ba? wala bang insurance? di pwede i claim?

**sirkosero** · December 16th, 2019 03:29 PM

Bent condenser? Medyo malakas impact nyan. I will only get it if dirt cheap and wait another week before bidding. Mas mura na yan.

Whole process will take you about 4 months (including deed of sale, etc) but car will be awarded to you within the day or the next day aftee you pay your bid amount.

Anong unit ba yan?

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**yungfrankie** · December 16th, 2019 03:43 PM

Originally Posted by _Qwerty_

as is where is parati yang mga repossessed cars..

anong year ba? wala bang insurance? di pwede i claim?

2019. Vinevery ko pa yung insurance pero mkang malabo na maclaim. For repair, pinaestimate ko 10k yung magagastos.

Originally Posted by sirkosero

Bent condenser? Medyo malakas impact nyan. I will only get it if dirt cheap and wait another week before bidding. Mas mura na yan.

Whole process will take you about 4 months (including deed of sale, etc) but car will be awarded to you within the day or the next day aftee you pay your bid amount.

Anong unit ba yan?

Sent from my MI MAX 2 using Tapatalk

Naka attach po yung image nung bent condenser, sa tingin niyo po di po magiging problem yan? Elantra yung unit

**ice15** · December 16th, 2019 03:44 PM

mas concerned ako sa bangga sa harap at likod... kesa sa condenser.

kasi kung mag body repair ka (lalo na sa likod) madaling kalawangin yung part na na-welding na.

**yungfrankie** · December 16th, 2019 03:54 PM

Originally Posted by ice15

mas concerned ako sa bangga sa harap at likod... kesa sa condenser.

kasi kung mag body repair ka (lalo na sa likod) madaling kalawangin yung part na na-welding na.

Yun nga sir. Maliit lang yung bangga sa likod pero meron ng kalawang dapat daw mapaayos agad kasi kakalat kung sakaling kunin man.

**ice15** · December 16th, 2019 07:07 PM

Originally Posted by yungfrankie

Yun nga sir. Maliit lang yung bangga sa likod pero meron ng kalawang dapat daw mapaayos agad kasi kakalat kung sakaling kunin man.

ok... trunk lang naman pala... madaling palitan later... and I think pupukpukin lang yan.

**dr. d** · December 16th, 2019 11:48 PM

Originally Posted by yungfrankie

Hi, Hingi lang po sana ako dito ng opinion or kung meron may mga first hand experience na bumili ng meron damage/issue from Bank Repo. yung mga ganun po ba is 'As Is' and hindi na triny galawin or irepair ng banko para tumaas yung appraisal value?
I'm planning to buy a 2019 model, 5k palang ang mileage, ininspect napo namin and okay naman lahat maliban sa bangga sa harap and likod, pinaestimate ko po at mga 10k yung gagastusin for repair ng bangga sa harap and likod. And meron din konting bent yung condenser dahil tinamaan, pero sabi naman ng kakilala kong mechanic is di naman daw magkakaproblem yon(see attached).
Since bago pa, I expect na wala pong ibang maging issues pero natatakot padin ako.
I'm still thinking if this is a Good buy or maghanap nalang ako ng unit ng mas maayos and wala ng paparepair.

bottomline,
it's a gamble.
how are you at gambling?

these bank folks do not have a mechanic or talyer, and they are not interested in getting one. the "mekanikos" there are just there to keep an eye on the merchandise.
what you see is what you get.
the bank people have no idea of the car's condition.
befriend the katiwala or mekaniko of the impound area. he knows about the car's condition... or at least, its condition when it was first brought in.

good luck.

**grss1982** · December 17th, 2019 12:13 AM

Originally Posted by yungfrankie

2019. Vinevery ko pa yung insurance pero mkang malabo na maclaim. For repair, pinaestimate ko 10k yung magagastos.

Naka attach po yung image nung bent condenser, sa tingin niyo po di po magiging problem yan? Elantra yung unit

What car is this? You only said a 2019 model? If that your go to mechanic checking the unit out? Might want to seek a second opinion from another mechanic just to be sure.

Just bought a 2007 Starex repo from Wealthbank and I'm having problems with transferring ownership and it's been 8 months since I maid my final payment. Make sure it's in writing that transfer of ownership will be done by the bank if that's even possible I guess. I just went with a verbal promise and here I am year later with the hassles.