New and Used Car Talk Reviews Hot Cars Comparison Automotive Community

The Largest Car Forum in the Philippines



Page 10 of 15 FirstFirst ... 67891011121314 ... LastLast
Results 91 to 100 of 149
  1. Join Date
    Jan 2008
    Posts
    9
    #91
    Quote Originally Posted by Altis6453 View Post
    No capital gains tax. But, I think there is VAT due on the sale of the vehicle, even if it is repossessed.
    ^Thanks for the info!

    By the way, di ba nga ang common concern is "as-is where is" yung mga repo na kotse. What if yung natipuhan mo is still within the warranty period(example, 3 years ang warranty pero 2 years pa lang narepossess na), valid pa kaya yung warranty kahit na narepossess na nga yung car?

    Naisip ko kasi na jackpot pag nakabili ka ng repo tapos may valid pa na warranty, as long as hindi naman winasak ng previous owner/hindi hot car/maayos according to a trusted mechanic/etc. right?!

  2. Join Date
    Jan 2008
    Posts
    9
    #92
    One more question guys, what if I buy a repossessed car and choose to pay through bank financing, then I decide to sell the car afterwards, can the buyer just assume the balance or do I have to pay the whole loan amount before I can sell the car to my buyer?

    By the way, I found this auction announcement from RCBC Savings Bank, share ko na rin dito kasi bukas na(September 9, 2009 at 1:00pm) yung deadline of submission of bids. I uploaded the list on my blog and you may download it from this link: http://www.foreclosurephilippines.com/2009/09/buy-bank-reposessed-cars-at-rcbc-savings-banks-dream-buys-car-auction.html

    Meron na ba ditong nakabili from RCBC? Any feedback would be appreciated. Thanks!

  3. Join Date
    Mar 2009
    Posts
    993
    #93
    Quote Originally Posted by DonT View Post
    I just noticed...di ba ang mga banks are only financing cars which are not older than 5 yrs..bakit ang daming vehicles na lampas 5 years and sometimes up to 10 yrs old na..Anu yun..matagal nang walang bumibili?
    Dumadaan kasi yan sa bidding bro. Baka sobrang taas ng asking price nila kaya walang bumibili.

  4. Join Date
    Sep 2009
    Posts
    5
    #94
    Mga Bro,
    I'm planning to buy a repossesed car worth 100K thru bank's financing (preferably toyota, mitsubishi & nissan)... Meron kaya? Pls. let me know kung meron.
    Thanks.

  5. Join Date
    Jan 2008
    Posts
    9
    #95
    Quote Originally Posted by miles-goer View Post
    Mga Bro,
    I'm planning to buy a repossesed car worth 100K thru bank's financing (preferably toyota, mitsubishi & nissan)... Meron kaya? Pls. let me know kung meron.
    Thanks.
    ^^^Wala akong nakita na 100K na toyota, mitsu, or nissan, pero may nakita akong 100K na 1999 Honda City sa auction ng RCBC Savings bank. yung nga lang sa Pampanga yung auction, sa September 18, 2009. Check it out here: http://www.foreclosurephilippines.co...-for-sale.html

  6. Join Date
    Jan 2008
    Posts
    9
    #96
    *miles-goer, nakakita ako 1997 Nissan Sentra, 100K lang. Meron nga 40K na Nissan Sentra pero 1994 model pa. Not sure kung ano condition nung mga yon. Check mo na lang itong Invitation to bid from Unionbank

  7. Join Date
    Nov 2009
    Posts
    75
    #97
    mga pards, tumawag ako sa psbank para mag inquire. then nalaman ko hnd na pala pwede ung test drive.

    pag ung nabili mo bang auto dto nagkaproblema after at most 1 week, sorry ka n lng. ganun ba dto?

  8. Join Date
    Feb 2011
    Posts
    6
    #98
    This is the process to which we also say luck by chance. and Buying bank repossed cars is being good or it might be bad as well. becuase the owners of such a cars, drive very badly which gives problems to those cars. actually my one of frnd taken that bank repossed car and he is still facing many problems related with that car. anyway thanks for posting. used cars

  9. Join Date
    Apr 2010
    Posts
    235
    #99
    buying thru bidding is usually "as is where is" or in other words, bahala ka sa buhay mo! thats why you have to inspect them thoroughly before purchasing.

  10. Join Date
    Apr 2011
    Posts
    14
    #100
    un mga ganito ba pano ang presyuhan pede ba dito ung auto loan ng bangko? sobrang interested din ako makakuha ng chikot d2

Page 10 of 15 FirstFirst ... 67891011121314 ... LastLast
buying bank repossessed cars