Someone offered to buy my car through financing. Anyone experienced this?

**dplgngr** · March 1st, 2020 12:22 AM

So has anyone experienced this? Will the financing company pay me the amount in full and cash?

What other things to note for? Hassle ba?

**dr. d** · March 1st, 2020 12:38 AM

Originally Posted by dplgngr

So has anyone experienced this? Will the financing company pay me the amount in full and cash?

What other things to note for? Hassle ba?

i think, the financing company will pay you in full.
ask them, po.
inquire about the payment (to you) schedule.
put it in writing.
"the contract is a memory aid, in case the signatories forget..."

**travajante** · March 1st, 2020 12:59 AM

Originally Posted by dplgngr

So has anyone experienced this? Will the financing company pay me the amount in full and cash?

What other things to note for? Hassle ba?

You won't be handing the car over w/o full payment.

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**dplgngr** · March 1st, 2020 01:12 AM

Thanks!

I have yet to receive from the buyer kung anong financing company aapplyan niya and kung cash or check ba.

But yeah i wont hand it over pag di full payment.

One thing im worried baka idadaan pa nila sa appraisal at babaratin.

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**dr. d** · March 1st, 2020 01:31 AM

Originally Posted by dplgngr

Thanks!

I have yet to receive from the buyer kung anong financing company aapplyan niya and kung cash or check ba.

But yeah i wont hand it over pag di full payment.

One thing im worried baka idadaan pa nila sa appraisal at babaratin.

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sir!
you're the owner!
you set the price, not them.
unless you agree to lowering your asking price, it's a "take it or leave it" thing.

**dplgngr** · March 1st, 2020 01:35 AM

Originally Posted by dr. d

sir!
you're the owner!
you set the price, not them.
unless you agree to lowering your asking price, it's a "take it or leave it" thing.

Got it sir.

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**SidCoronel** · March 2nd, 2020 10:12 AM

Originally Posted by dplgngr

So has anyone experienced this? Will the financing company pay me the amount in full and cash?

What other things to note for? Hassle ba?

Yes, super hassle.

1) Buyer pays you cash down payment
2) Bank inspection of car
3) Bank issues letter of guarantee
4) CR is transferred to the buyer
5) You get the balance from the bank

IF you have a cash in full buyer, ditch the other.

**_Qwerty_** · March 2nd, 2020 10:20 AM

lilipat sa pangalan nang buyer.. nang hindi pa fully paid.. hmmm parang mahirap yun..

**shadow** · March 2nd, 2020 10:52 AM

Originally Posted by _Qwerty_

lilipat sa pangalan nang buyer.. nang hindi pa fully paid.. hmmm parang mahirap yun..

Meron letter of guarantee from the bank or financial institutions.

Meron na gumawa sa akin dati nun sa AMA bank yata niya na loan,

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**dplgngr** · March 2nd, 2020 10:58 AM

Originally Posted by SidCoronel

Yes, super hassle.

1) Buyer pays you cash down payment
2) Bank inspection of car
3) Bank issues letter of guarantee
4) CR is transferred to the buyer
5) You get the balance from the bank

IF you have a cash in full buyer, ditch the other.

This is from bank financing sir? How about the non banks like Asialink?

Kukunin na nila ang unit before pa mag fully paid?

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