buying bank repossessed cars

[jay_c]

Tanong lang, when buying bank repossessed cars, may taxes pa bang babayaran like capital gains tax similar sa pagbili ng foreclosed properties? I am seriously considering this kasi napansin ko maraming lumalabas na auction announcements lately from BPI, Unionbank, RCBC Savings Bank, etc. tapos a friend of mine tried to buy and sell bank repo cars at kumita naman siya.

Last Sunday lang sa Manila Bulletin dalawang auction announcements ang nakita ko from BPI and RCBC.

[Altis6453]

Tanong lang, when buying bank repossessed cars, may taxes pa bang babayaran like capital gains tax similar sa pagbili ng foreclosed properties? I am seriously considering this kasi napansin ko maraming lumalabas na auction announcements lately from BPI, Unionbank, RCBC Savings Bank, etc. tapos a friend of mine tried to buy and sell bank repo cars at kumita naman siya.

Last Sunday lang sa Manila Bulletin dalawang auction announcements ang nakita ko from BPI and RCBC.

No capital gains tax. But, I think there is VAT due on the sale of the vehicle, even if it is repossessed.

[jay_c]

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?!

[Pro Staff]

sa BPI nga po pala ito

[lakay77]

sa BPI nga po pala ito

salamat.merong bang bago?he he he

[lakay77]

ako interesado pwedeng pa email?j2sev*yahoo.com thanks

[ozcity]

i know someone from BPI din....minsan nga daw meron na talagang parokyano sa mga repo cars nila..nasa financing kasi sya.....

300+ daw ang linya ng fortuner sa kanila

[dove]

ako den papa, plis. Tnx. Dove

[Sayara]

Hello guys,

Meron ba kayong updated list ng mga repossessed cars (any bank) pahingi naman ng kopya? Thanks (jsbd_2003*yahoo.com)

[DonT]

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?

[grid]

EastWest Finance and Leasing Corporation, affiliate of EastWest Bank. maraming repossessed vehicles dyan; mga bago pa.

[jjmd3_787]

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.

[ryeji]

i know someone from BPI din....minsan nga daw meron na talagang parokyano sa mga repo cars nila..nasa financing kasi sya.....

300+ daw ang linya ng fortuner sa kanila

Sir baka naman pedeng pakilala mo ako don sa kilala mo sa BPI, I planning on buying a repossessed car. Pano ba ang steps?

[Pro Staff]

caday and lakay,

you may check now your yahoo mail box

[CLAVEL3699]

ako din po. clavel3699*yahoo.com

[Pro Staff]

clavel, you may check your mailbox now

mods, pwede ko ba ipost scanned copy? thanks

[russpogi]

clavel, you may check your mailbox now

mods, pwede ko ba ipost scanned copy? thanks

I'm not a mod here though but here's my suggestion:

Upload the list to a photo server (Photobucket, multiply, etc.) then just post the link to the forum para di kumain ng bandwidth. You may ask MazdaMazda as well.

[basti08]

uy kuya ako din paki ko sa mom ko...hehehe

baka bigyan ako sariling ride pag oki price dc_basti08*retardsrule.com...

tnx.

[van_wilder]

uhmm pa email sa paocristobal*yahoo.com... sana may murang bimmer hehehehe

[ozcity]

yap pls post the link...para may access lahat...thanks