Buying a Repossess Car

[sirkosero]

thanks sir, verify ko nalang po sa lto pag meron na po papeles nila

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salamat sir, antayin ko nalang po muna makumpleto siguro yung sinasabi nilang papeles

Dapat naka cancel.na ang mortgage sa registry of deeds. Yan ng pinaka hassle dyan

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[chronicle]

Dapat naka cancel.na ang mortgage sa registry of deeds. Yan ng pinaka hassle dyan

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On the contrary, yan ang pinaka madali kong naiprocess.

Depende ata kung saang munisipyo. Heheheh

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[sirkosero]

On the contrary, yan ang pinaka madali kong naiprocess.

Depende ata kung saang munisipyo. Heheheh

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Lucky you. Ours was bought at a repo yard in las pinas but the registry was in lipa. Had to go to lipa to cancel the encumbrance pinabalik pa

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[sp00nman]

Sorry for the off-topic- pero parang pasok naman query ko -last hulog na namin kay Erti this November. Anu dapat ko gawin, nasa name ko na yung CR? Madali lang ba proseso specifically with EastWest?

TIA

[chronicle]

Sorry for the off-topic- pero parang pasok naman query ko -last hulog na namin kay Erti this November. Anu dapat ko gawin, nasa name ko na yung CR? Madali lang ba proseso specifically with EastWest?

TIA

Bank will give you the docs needed.
1. Release the chattel mortage at your city hall.
2. Go to lto and have the encumbered removed

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[eipeng]

Im a newbie pagdating sa gantong usapan, ano ano po ba yung mga papel na dapat ma cleared galing sa mga aquired repo car?

[luke745120]

Only if you can get a mechanic to look over it first. A lot of times, repossessed vehicles are damaged prior to being taken back by whoever financed them. And people who aren’t responsible enough to pay typically but necessarily (radiator stop leak) also don’t take the greatest care of the vehicles while it's in their possession. So definitely get a certified mechanic to look over every detail first.

[ice15]

been watching YouTube videos of vloggers posting current prices of repossessed cars...

Ako lang ba or ang tataas ng mileage ng cars ngayon?

Pansin ko, most cars lagpas ng 10k kms/year

[dr. d]

been watching YouTube videos of vloggers posting current prices of repossessed cars...

Ako lang ba or ang tataas ng mileage ng cars ngayon?

Pansin ko, most cars lagpas ng 10k kms/year

my suspicion,
perhaps the cars you get to see have already been skimmed over by favored buyers, so that the ones you see are the left-overs?

[ice15]

my suspicion,
perhaps the cars you get to see have already been skimmed over by favored buyers, so that the ones you see are the left-overs?

hmmm. possible

kaso some cars (shown in vlogs) are 2020 model, tapos 15K tinakbo...

Locked down tayo last year, I guess "pumasada" sila using FB (car pool)

[_Cathy_]

been watching YouTube videos of vloggers posting current prices of repossessed cars...

Ako lang ba or ang tataas ng mileage ng cars ngayon?

Pansin ko, most cars lagpas ng 10k kms/year

Isn't 10k the average?

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[shadow]

Isn't 10k the average?

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20k pa nga expected ng mga manufacturers annually eh based sa PMS


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[Ry_Tower]

Isn't 10k the average?

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Actually 33K kasi warranty is 100K kms or 3 years, whichever comes first.

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[_Cathy_]

oo nga 33k ang average per year based on warranty

[ice15]

Isn't 10k the average?

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yes. I'm considering 10K / year as "acceptable"

***
Kaya lang yung mga napanood ko has more than 10K for a 2020 car.

Considering din na locked down tayo last year.

[dr. d]

hmmm. possible

kaso some cars (shown in vlogs) are 2020 model, tapos 15K tinakbo...

Locked down tayo last year, I guess "pumasada" sila using FB (car pool)

if the cars were private-use cars as yours and mine, 10K a year would be feasible.
but if the cars were used on a commercial basis, i.e., they were used to ferry and/or deliver somethings and someones on a daily night-and-day basis, who knows what its odometer reading would be after even one month?