East West bank repo car

[kasmot95]

The rates on USED will be sky high.

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I see. Maybe that's why I can't find any reference. I guess I am stuck with their repo car listings.

I know someone who got his vios from eastwest. The rates were roughly 26.23% 4 years term. So around 6.56% per annum. Are the figures makatao compared to other options? What do you think?


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[travajante]

I see. Maybe that's why I can't find any reference. I guess I am stuck with their repo car listings.

I know someone who got his vios from eastwest. The rates were roughly 26.23% 4 years term. So around 6.56% per annum. Are the figures makatao compared to other options? What do you think?


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I'm not updated w/ current rates here, but that seems really high. I was just discussing w/ a bud in the US who just got approved for less than 5% over the entire 6yrs & he was ranting how rates have risen.[emoji13]

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[papi smith]

I see. Maybe that's why I can't find any reference. I guess I am stuck with their repo car listings.

I know someone who got his vios from eastwest. The rates were roughly 26.23% 4 years term. So around 6.56% per annum. Are the figures makatao compared to other options? What do you think?


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Last time I checked, about less than a year maybe, there are rates published in the bpi website for both brand new and second hand, it also has a calculator, I assume you can use them to finance a 2nd hand car from another seller. And yes, the rates are higher but don't know how they compare with EW

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[JLV]

Ako. Bumili ng 1year old innova 2.5E, with 10k kms nung 2016 for 770k.

Mas mababa presyo kapag malaki down payment ng previous owner. Every 2 weeks bumababa din presyo kapag di nabebenta. Yung sasakyan sa auction pricelist, kapag hindi mabenta after more than 6 months, napupunta na sa pricetag sale.

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hi there, plan ko rin po buy eastwest bank repo cars, however, meron mga ZERO mileage, ano po ibig sabihin nun?

[kasmot95]

hi there, plan ko rin po buy eastwest bank repo cars, however, meron mga ZERO mileage, ano po ibig sabihin nun?

Alam ko may nabasa ako dito na bad move daw bumili ng zero or - na mileage kasi 'di malaman ng bangko kung ano milyahe ng sasakyan dahil sa kung anong dahilan.

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[dr. d]

hi there, plan ko rin po buy eastwest bank repo cars, however, meron mga ZERO mileage, ano po ibig sabihin nun?

1. speedometer tampered with.
2. speedometer or even the entire instrument cluster, replaced.

for whatever purpose it may be of use to them.

[sirkosero]

hi there, plan ko rin po buy eastwest bank repo cars, however, meron mga ZERO mileage, ano po ibig sabihin nun?

Yan yung sasakyan na never nila napaandar. Either sirang sira na engine or wasak yung kotse

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[mdialogo]

Yan yung sasakyan na never nila napaandar. Either sirang sira na engine or wasak yung kotse

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Agree. Eto email reply sa akin ng sales officer ng EW about zero mileage:

"If the unit's mileage is Zero there is a high probability that the units is total wreck vise-versa."

Tawag ata ng ilan sa mga units na ito ay pang "parts-out".

[sirkosero]

Agree. Eto email reply sa akin ng sales officer ng EW about zero mileage:

"If the unit's mileage is Zero there is a high probability that the units is total wreck vise-versa."

Tawag ata ng ilan sa mga units na ito ay pang "parts-out".

Depende. Yung iba nalubog sa baha, yung isa na nakita ko dati, montero daw yun. Pero mukhang crushed tin can na.

Sanay sila sa inquiry about the zero. Mileage car at yung sobra baba na price. Dun nila nalalaman kung first time mo tumingin ng mga repossessed car.

Surprisingly, natuwa ako maghanap ng used car sa eastwest. Mura eh.

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[mdialogo]

Depende. Yung iba nalubog sa baha, yung isa na nakita ko dati, montero daw yun. Pero mukhang crushed tin can na.

Sanay sila sa inquiry about the zero. Mileage car at yung sobra baba na price. Dun nila nalalaman kung first time mo tumingin ng mga repossessed car.

Surprisingly, natuwa ako maghanap ng used car sa eastwest. Mura eh.

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Yeah first timer din kami. Actually nung nakita namin magasawa sa website ng EW ang tag prices nilang mabababa agad kami pumunta sa warehouse nila sa Balintawak, ayun tumambad sa amin mga total wrecked cars nila particularly mga zero mileage sa listahan. Sabi ng security guard karamihan daw ng mga sirang units ng EW ay sa Balintawak tinatapon kaya ni-refer nya kami sa warehouse nila sa Libis. Pinuntahan din namin at tama sya mas maaayos mga units nila doon at very accommodating mga personnel nila. Pina-start pa nga sa akin isa sa mga units nila.

[chronicle]

Yeah first timer din kami. Actually nung nakita namin magasawa sa website ng EW ang tag prices nilang mabababa agad kami pumunta sa warehouse nila sa Balintawak, ayun tumambad sa amin mga total wrecked cars nila particularly mga zero mileage sa listahan. Sabi ng security guard karamihan daw ng mga sirang units ng EW ay sa Balintawak tinatapon kaya ni-refer nya kami sa warehouse nila sa Libis. Pinuntahan din namin at tama sya mas maaayos mga units nila doon at very accommodating mga personnel nila. Pina-start pa nga sa akin isa sa mga units nila.

Kelangan pa ba mag book or sabihan sila na pupunta ka?

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[mdialogo]

Kelangan pa ba mag book or sabihan sila na pupunta ka?

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Sa tingin ko hindi na kaylangan mag book kasi kami nagpunta lang kami magasawa at wala naman naging problem. May mga ilang customers din kami nakita doon nagi-inquire.

Sabi din ng guard may cases din na hindi binibigay ng original owner ang susi kapaag ni-'repo' ng bank kaya zero mileage at hindi mabuksan. One time daw may bago dating repo new model Honda Fit na walang keyless fob at isang customer sa tapat ng warehouse nila ang nakakuha ang ginawa lang ay nagpagawa sa dealer worth 20k na fob. Swertihan lang siguro or mas maganda kung may contact ka sa loob? hehe...

[sirkosero]

Yeah first timer din kami. Actually nung nakita namin magasawa sa website ng EW ang tag prices nilang mabababa agad kami pumunta sa warehouse nila sa Balintawak, ayun tumambad sa amin mga total wrecked cars nila particularly mga zero mileage sa listahan. Sabi ng security guard karamihan daw ng mga sirang units ng EW ay sa Balintawak tinatapon kaya ni-refer nya kami sa warehouse nila sa Libis. Pinuntahan din namin at tama sya mas maaayos mga units nila doon at very accommodating mga personnel nila. Pina-start pa nga sa akin isa sa mga units nila.

Tignan mo din sa fmc sa laspinas at sa sanford warehouses. Dami dun at ang laki ng fmc warehouse

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[ceeesss]

I'm planning to acquire repossessed car from Eastwest Bank considering na mas mura mga units nila compared to other banks. I need po your opinion bilang newbie lang po ako sa ganito.

Unit cost around 370,000. Kung magdown po ako ng 20% ano pa po ang mga ibang mga fees na icoconsider at gaano po katagal ang process?

Unit po is 2017 model with 25,000 mileage.
Okay po ba to or bad choice?

Thank you po sa sasagot.

[dr. d]

I'm planning to acquire repossessed car from Eastwest Bank considering na mas mura mga units nila compared to other banks. I need po your opinion bilang newbie lang po ako sa ganito.

Unit cost around 370,000. Kung magdown po ako ng 20% ano pa po ang mga ibang mga fees na icoconsider at gaano po katagal ang process?

Unit po is 2017 model with 25,000 mileage.
Okay po ba to or bad choice?

Thank you po sa sasagot.

that depends.
is it an altis V, or is it a MT wigo?
heh heh.

then there is the mortgage release fee. ask about it, as "it ain't really that cheap sometimes".
also, inquire if the car might be part of a collateral of sorts, as the previous owner still has debts to pay the bank. i know it is obvious, but hey! so's we can truthfully say, "...i asked, and you said 'no' "...

lastly, this is a bank, po. they make no claims at all regarding the condition of the vehicle. strictly "as is, where is" po yan. if a part breaks in two as you drive the first 5 meters out of their bodega, "you own both pieces" is all they can say..

good luck.

[ceeesss]

2017 Ford Fiesta Trend MT po yung unit. Hehe. Hindi po ba nakadeclare if may sira yung unit kapag nakadisplay for bidding? No idea po kasi.

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that depends.
is it an altis V, or is it a MT wigo?
heh heh.

then there is the mortgage release fee. ask about it, as "it ain't really that cheap sometimes".
also, inquire if the car might be part of a collateral of sorts, as the previous owner still has debts to pay the bank. i know it is obvious, but hey! so's we can truthfully say, "...i asked, and you said 'no' "...

lastly, this is a bank, po. they make no claims at all regarding the condition of the vehicle. strictly "as is, where is" po yan. if a part breaks in two as you drive the first 5 meters out of their bodega, "you own both pieces" is all they can say..

good luck.

[dr. d]

2017 Ford Fiesta Trend MT po yung unit. Hehe. Hindi po ba nakadeclare if may sira yung unit kapag nakadisplay for bidding? No idea po kasi.

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the managers inside the airconditioned bank have no idea regarding the cars' conditions.
befriend the mekanikos that tend or look over them. they are the people in the know.
to re-iterate, unless written on paper and properly documented, banks' auctions offer no warranty of any type.
good luck.

[carwhacko]

I’m also planning on checking out some repossessed car units from Eastwest Bank. But can I bring my own mechanic? Do they allow test drives? Or do they allow that we start the engines for checking?


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[carwhacko]

2017 Ford Fiesta Trend MT po yung unit. Hehe. Hindi po ba nakadeclare if may sira yung unit kapag nakadisplay for bidding? No idea po kasi.

[/FONT]

Bilhin mo na lang Fiesta ko. Joke! Hahaha!


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[dr. d]

I’m also planning on checking out some repossessed car units from Eastwest Bank. But can I bring my own mechanic? Do they allow test drives? Or do they allow that we start the engines for checking?


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you can bring your mechanic, but the things you are allowed to do with the car are "limited".
in some instances, the battery is so dead, you can't even check if the busina works.
"as is-where is" condition, literally.

my thoughts are,
go and see how much kutingting they will allow you, po.