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  1. Join Date
    Feb 2007
    Posts
    13
    #1
    Hi,

    I would like to ask help, im going to buy a 2nd hand car a 2016 xtrail , the owner said (he have business shop) he paid all the balance from the bank and waiting for the release Chattel mortgage. the car is from iloilo and im in cebu. So he doesnt have the documents with him yet.

    From my understanding i will need to get the ROD, Chattel and release frmo bank statement right? Do i need to take note anything?

  2. Join Date
    Jun 2005
    Posts
    3,762
    #2
    That is not even a repossessed car!

    Wait for the documents to clear under his name first. Save yourself the hassle of buying blind.

    Sent from my MI MAX 2 using Tapatalk

  3. Join Date
    Mar 2008
    Posts
    52,517
    #3
    i agree.
    hintayin mong mapa-sakanya ang mga dokumento, at nasa pangalan na niya ang sasakyan..
    hintayin mong nasa pangalan na niya ang certificate of registration.

  4. Join Date
    Feb 2007
    Posts
    13
    #4
    Does it take time to be release? Se are going to eastwest bank . He said to clear my doubts

  5. Join Date
    Nov 2010
    Posts
    24,727
    #5
    Quote Originally Posted by trojanguy View Post
    Does it take time to be release? Se are going to eastwest bank . He said to clear my doubts
    If it is really fully paid then it will not take too much time.

  6. Join Date
    Jan 2006
    Posts
    12,608
    #6
    Quote Originally Posted by Ry_Tower View Post
    If it is really fully paid then it will not take too much time.
    The bank has to release some documentation to inform the storage facility to release it. I think buyers are given 48 hours to take out the vehicle once cleared.

  7. Join Date
    Nov 2010
    Posts
    24,727
    #7
    Quote Originally Posted by Egan101 View Post
    The bank has to release some documentation to inform the storage facility to release it. I think buyers are given 48 hours to take out the vehicle once cleared.
    Sounds about right sir.

  8. Join Date
    Sep 2005
    Posts
    15,326
    #8
    change the title.. hindi repossess car yan..

  9. Join Date
    Feb 2019
    Posts
    228
    #9
    How about buying a repossessed car on a bayanseller? Ano need icheck sa documents?


    Sent from my iPhone using Tapatalk

  10. Join Date
    Jun 2018
    Posts
    5
    #10
    Quote Originally Posted by jnsk View Post
    How about buying a repossessed car on a bayanseller? Ano need icheck sa documents?


    Sent from my iPhone using Tapatalk
    OR/CR,release of chattel,secretary cert, IDs

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Buying a Repossess Car