Ano maganda isoli o ipabatak ang car?

**noelcanlas** · August 8th, 2011 04:44 PM

Hi guys here,

Please, i need advices. I have defaulted in paying my monthly amortization, and I confessed that this is due to my fault. My car was seized by a sheriff from Pasay RTC at around 4:30 AM, of course with writ of replevin and summons. Summons was for taking the property and has no pay for damages nor pay sum of money.

1. If the car was seized thru a writ of replevin, can I still renegotiate with the bank so I can have the car again, but I cant pay the full amount. Is there a possibility that the bank may give me a refinancing scheme?

2. If i can not have a refinancing with the bank, can I just ignore the summons and not to submit answers to the court?

3. Will the bank issue statement that I'm cleared of my debt becuase the got the car anyway?

4. Can I still buy a car under financing, let say at toyota financial services? How fast can the bank place my name in the list deliquent borrowers?

Please....Thank you very much

**noelcanlas** · August 8th, 2011 04:45 PM

Hi guys here,

Please, i need advices. I have defaulted in paying my monthly amortization, and I confessed that this is due to my fault. My car was seized by a sheriff from Pasay RTC at around 4:30 AM, of course with writ of replevin and summons. Summons was for taking the property and has no pay for damages nor pay sum of money.

1. If the car was seized thru a writ of replevin, can I still renegotiate with the bank so I can have the car again, but I cant pay the full outstanding amount. Is there a possibility that the bank may give me a refinancing scheme?

2. If i can not have a refinancing with the bank, can I just ignore the summons and not to submit answers to the court?

3. Will the bank issue statement that I'm cleared of my debt becuase since they got the car anyway?

4. Can I still buy a car under financing, let say at toyota financial services? How fast can the bank place my name in the list deliquent borrowers?

Please....Thank you very much

**scorpio_la11** · August 31st, 2011 08:55 AM

sir ask lang po sana matulungan nyo ako tungkol sa auto loan ko... gusto ko sana i-swap un kotse ko kaso meron pa ako remaining balance 1year ko pa lang nahuhulugan un kotse ko. sabi kasi ng agent ng honda magagawan daw na paraan para sa swap.. kaso hindi ko masyado naintindihan... paano kaya un remaining balance ng kotse ko? papayag ba ang banko para sa swap? tnx sa mga magrereply..

**Quint** · August 31st, 2011 05:16 PM

Sabihin mo sa SA mo na bigyan ka ng step-by-step process in writing. Yung pirmado niya at ng boss niya para claro lahat. Otherwise, huwag kang maniwala. Pero, ang tanong ko sa 'yo, bakit di mo tapusin yung isang taon para bayad na ang oto mo. Talaga nga bang nangangati ka nang bumili ng bago at kailangan mong kamutin? Marami pang offer yan next year. Hindi ka mauubusan.

**scorpio_la11** · September 1st, 2011 12:55 AM

bro kausap ko kanina un agent ng honda ang sabi kasi nila sila na bahala makahanap ng buyer lahat ng transaction sa banko ( east west bank) east west bank din daw sila nakikipgdeal kaya wala na daw C.I kasi east west bank ako na approved un auto ko ngayon... ililipat un remaining balance sa bagong owner. 1 year ko pa lang nahuhulugan un auto ko.. pagkakaintindi ko kanina SWAP lang mangyayari sa kia rio 2010 model sa brand new honda city 1.3AT. wala na ako cash out or DP... pero un hulog ko sa honda magstart ulit ako ng bago..

mga boss magandang deal kaya to? pwde kya mangyari nun sinasabi ng agent? gusto ko sana malaman sa inyo kung meron na gumawa ng ganitong transaction? salamat...

**cauli** · January 11th, 2012 02:32 PM

please i need advice ...re my toyota innova 2011 pina aasume balance ko po kase sa friend ko last sept dahil 1 month ko lang nahulugan from date na nakuha ko plus un DP ko sa bank..and ngkaproblem ako financially kaya di ko sya nahulugan ng 3 months ..kaya namn sya na pinagbayad ko ng 3 months incl my penalties po sa bank..iyon lang po at wala nako hininge sa kanya kahit anu..and maayos namn sya kausap ,nabyaran nya din ang 1 month para sa month ng sept..and after that di na sya nkapaghulog sa bank 3 months na sa ngayon kaya my mga penalties na din...problem ko now is hindi na sya nkikipag usap at umalis na dn sya sa dati nila house ,bt he still txting me lang na settle namn dw nya as soon na mgkapera sya,pero never na sya nkipag usap sken as in txt lang po..gusto ko san makuha nlng ulit sa kanya ng sasakyan ko but ano best thing ko gawin dahil parang bayd na dn ako sa kanya sa di nya paghulog ng 3 months at paggamit ng car ko..para masurrender ko nalng voluntary nlng sa bank..pls di ko alm gagwin ko po sa para mkuha ko sasakyan ''hope you can help me asap..thanks alot in advance

**greatauror28** · January 11th, 2012 03:08 PM

Originally Posted by cauli

please i need advice ...re my toyota innova 2011 pina aasume balance ko po kase sa friend ko last sept dahil 1 month ko lang nahulugan from date na nakuha ko plus un DP ko sa bank..and ngkaproblem ako financially kaya di ko sya nahulugan ng 3 months ..kaya namn sya na pinagbayad ko ng 3 months incl my penalties po sa bank..iyon lang po at wala nako hininge sa kanya kahit anu..and maayos namn sya kausap ,nabyaran nya din ang 1 month para sa month ng sept..and after that di na sya nkapaghulog sa bank 3 months na sa ngayon kaya my mga penalties na din...problem ko now is hindi na sya nkikipag usap at umalis na dn sya sa dati nila house ,bt he still txting me lang na settle namn dw nya as soon na mgkapera sya,pero never na sya nkipag usap sken as in txt lang po..gusto ko san makuha nlng ulit sa kanya ng sasakyan ko but ano best thing ko gawin dahil parang bayd na dn ako sa kanya sa di nya paghulog ng 3 months at paggamit ng car ko..para masurrender ko nalng voluntary nlng sa bank..pls di ko alm gagwin ko po sa para mkuha ko sasakyan ''hope you can help me asap..thanks alot in advance

Since the agreement was done between the two of you, then you should talk to your friend about having your innova back.
It might cause a lot more problems in your part (having to default the loan: bad record for you) because your friend, unfortunately like you, doesn't have ways to sustain the monthly payments for the vehicle.
Find a serious buyer and let him shoulder the loan ASAP to mitigate risks.

Pardon me but I just don't understand why people with money for DP automatically loans a car without foreseeing the effect of having one in the future (i.e monthly payments, maintenance, insurance,etc.)

That is just plain wrong

just my 2cents.

**fourtheboys96** · January 12th, 2012 09:16 AM

Originally Posted by greatauror28

Pardon me but I just don't understand why people with money for DP automatically loans a car without foreseeing the effect of having one in the future (i.e monthly payments, maintenance, insurance,etc.)

That is just plain wrong

just my 2cents.

I agree. Ang dami promo ngayon na naka advertise - Low DP pero sobrang taas ng monthly.

Kaya sabi ko kay misis kung bibili kami ng sasakyan, ang terms na gusto ko yung maliit lang monthly payment. Pag-iipunan na lang yung at least 50% DP. Kasi in addition sa retail price ang dami pang additional payments like insurance, LTO reg, etc.

**fjoseph** · January 30th, 2012 11:49 PM

Good Day.

Q: Just want to ask if how many months po ang binibigay ng bank or grace period if hindi nakabayad on time? Within 2 months po ba, if ever hindi nakabayad ng monthly payments babatakin agad?

Q:My SA told me na pag nag advance payment ako specially pag malaki ang advance payment ko, possible bumaba din daw interest ng binabayaran ko, or they called them "rebate", my question po is how does it work or process?? E.G for 5years term.

Many Thanks.

**KIANTOT** · January 31st, 2012 03:07 AM

Originally Posted by fjoseph

Good Day.

Q: Just want to ask if how many months po ang binibigay ng bank or grace period if hindi nakabayad on time? Within 2 months po ba, if ever hindi nakabayad ng monthly payments babatakin agad?

Q:My SA told me na pag nag advance payment ako specially pag malaki ang advance payment ko, possible bumaba din daw interest ng binabayaran ko, or they called them "rebate", my question po is how does it work or process?? E.G for 5years term.

Many Thanks.

Depende sa bank sir, in 2 months delayed payment they will send you notice, may ibang bank 4 months bago ka nila iadvice na voluntary surrender yung unit at bibigyan ka nila ng grace period para isettle yung delayed monthly payment, kung hindi mo mabayaran sa grace period nila, yung total remaining balance na ipa settle sayo, regarding naman sa rebate mas ok kung 1 year up yung advance payment para mas malaki yung discount