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  1. Join Date
    Aug 2006
    Posts
    40
    #71
    Sharing my very recent experience with getting a repossessed car: I shopped around in a number of banks for the past month and ended up with a 2004 Sentra GSX with 28k on the odometer. I got it from East-West, nag-walk in ako sa lot nila sa Festival Mall sa Alabang

    Heto mga nangyari
    1. the selling price was marked down from P380,000 to P350,000. Wala akong ginawang tawaran - I only hinted I was looking at other units from others
    2. not only was I allowed to start the unit, I was able to drive it around their parking lot
    3. may tama yung unit sa stepboard sa right side. Yung manager ng bank pinagawa na ito for free
    4. sakto up for registration na yung unit - nilibre na rin ako
    5. walang spare tire yung unit. Kumuha na lang kami sa iba (sorry sa bibili nun)
    6. nilinisan nila yung unit bago ko nakuha
    7. binilihan na rin ako ng bagong battery

    Reservations ko lang are the following:
    1. isang set of keys lang ang meron sila. Nakakatakot kung matiyempo at malaman ng first owner kung saan dati niyang auto - parehas pa naman kaming taga San Pedro (toink). Kaya dapat palit agad alarm
    2. pina-finance ko sa kanila yung unit, kaso medyo mataas ang interest rate. Pero sa lahat ng nagustuhan ko, ito pa rin ang pinakaswak sa budget
    3. pagkakuha ko at pag-park sa building namin, nagkaproblema agad yung clutch. Parang humihina yung pedal, up to the point na di na kumakagat at stuck na yung kambyo. Napansin din nila yung humina, pero not as much as what I saw. After that, sa dalawang beses kong tinakbo, di na humina. Di ko pa sure kung ano meron, kakapasok ko pa lang sa nissan for general checkup

  2. Join Date
    Jan 2007
    Posts
    27
    #72
    Hello everyone!!
    I'm looking for a 2ndhand sedan, I've visit the PSBANK warehouse and wala sila gaanong Toyota sedan doon. could you guys recommend kung saan location/price list nung ibang bank. i understand your concerns and advice regarding buying used cars and bank repo.
    Hope to hear from you guys. thanks and regards.

  3. Join Date
    Nov 2002
    Posts
    837
    #73
    Try checking the Toyota Financial Services wherehouse in Yakal street in makati near SLEX and Buendia. Its usually there that Toyota cars that use their inhouse financing are kept.

  4. Join Date
    Jun 2007
    Posts
    2
    #74
    Pwede ba mag finance bank diyan sa atin kahit resident abroad. Newbie po ako. Thanks.

  5. Join Date
    Jun 2007
    Posts
    11
    #75

  6. Join Date
    Jun 2007
    Posts
    15
    #76
    hhhhmmm.......bakit kayo lang? ako rin please..jhuno007*yahoo.com
    thanksomuchi.

  7. Join Date
    Aug 2007
    Posts
    3
    #77
    Hello guys,

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

  8. Join Date
    Aug 2007
    Posts
    820
    #78
    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?

  9. Join Date
    Jul 2006
    Posts
    68
    #79
    EastWest Finance and Leasing Corporation, affiliate of EastWest Bank. maraming repossessed vehicles dyan; mga bago pa.

  10. Join Date
    Sep 2007
    Posts
    1,456
    #80
    Most banks have a listing of their repossessed units in their websites. try visiting the following websites: www.bdo.com.ph, www.psbank.com.ph, www.mbtc.com.ph, www.eastwestbank.com, www.ucpb.com, www.bpi.com.ph, www.rcbc.com.ph.

    I must warn you tho, most banks offer on an "as-is, where-is" basis their repossessed cars. Kaya better to bring a trusted mechanic when you plan to buy repo cars.

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buying bank repossessed cars