Buying a Repossess Car

**sirkosero** · September 18th, 2019 10:39 AM

Originally Posted by ozzy0408

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** · September 18th, 2019 10:47 AM

Originally Posted by sirkosero

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** · September 18th, 2019 09:38 PM

Originally Posted by chronicle

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** · September 18th, 2019 10:43 PM

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** · September 18th, 2019 11:00 PM

Originally Posted by 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

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** · September 22nd, 2019 12:06 AM

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** · October 7th, 2019 06:57 AM

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 arenÂ’t responsible enough to pay typically but necessarily (radiator stop leak) also donÂ’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** · March 29th, 2021 03:10 PM

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** · March 29th, 2021 03:15 PM

Originally Posted by 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

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** · March 29th, 2021 04:36 PM

Originally Posted by dr. d

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)