Chattel mortgage

**CrosswindxT** · February 1st, 2010 11:34 PM

Ask ko lang kung problema yung di ko naayos na chattel mortgage ng unit ko? Pero fully paid na sya sa bangko mga 2 years na. Nasa akin na nga ang OR/CR.

Advise naman sa nakakaalam nito.

Just in case ano ang magiging problema ko dito pag di ko pa rin inayos?

**1D4LV** · February 2nd, 2010 06:25 PM

actually wala naman magiging problem kung nasa iyo ang oto.
pero pag nag decide ka na ibenta yan, you need to remove it out of the chattel mortgage bago mo ibenta para clean paper.

**vinj** · February 2nd, 2010 07:03 PM

Better to have it processed to avoid any future inconveniences.

**CrosswindxT** · February 3rd, 2010 12:52 PM

thanks mga bro. medyo nawalan ako ng alalahanin. Well siguro pag nakapagbakasyon ako aayusin ko na para totally problem free.

Thanks....

**Mguy** · May 9th, 2010 05:06 PM

Patanong lang. May tips ba dyan to reduce the amount to be paid sa chattel mortgage. Yes, i know by paying cash or lowering the terms will either eliminate or reduce the amount to be paid. Any other suggestion?

How would I know kung tama ba yun amount na kailangan bayaran?

**Mguy** · May 10th, 2010 02:41 PM

Up lang up lang

**kishAn** · May 12th, 2010 08:27 PM

Originally Posted by Mguy

Patanong lang. May tips ba dyan to reduce the amount to be paid sa chattel mortgage. Yes, i know by paying cash or lowering the terms will either eliminate or reduce the amount to be paid. Any other suggestion?

How would I know kung tama ba yun amount na kailangan bayaran?

usually sir may table yan eh. the higher the amount to be finance, the higher the chattel fee. pano mapapababa? 1.pwedeng paaprubhan o abonohan ng branch manager kung desperado na syang makabook 2.sa dealer mostly free chattel pero if you compute yung total investment mo talo ka 3. kung sa province ang residency mo and you apply sa metro manila bank normally mataas ang CM Fee kasi per region din ang computation so ang magandang gawin bili ng bahay sa metro manila para bumaba ang CM Fee.

Pano malaman kung tama? yung quote ng branch personnel pwedeng magkamali pero yung sa Promissory note na pipirmahan mo hindi. kaya minsan may mga cases na nagaabono yung ng branch personnel na nagquote.

http://www.carcamp.com.ph/global/index.php sir eto link para sample computation.HTH

**mazingerZ** · May 13th, 2010 01:03 AM

Ballpark figure, multiply your computed monthly amortization by the number of months of your term (say 24 months for a 2 year term) by 3%. Rough estimate makikita mo kung magkano babayaran mo.

**phezthie** · May 13th, 2010 07:50 AM

Originally Posted by CrosswindxT

Ask ko lang kung problema yung di ko naayos na chattel mortgage ng unit ko? Pero fully paid na sya sa bangko mga 2 years na. Nasa akin na nga ang OR/CR.

Advise naman sa nakakaalam nito.

Just in case ano ang magiging problema ko dito pag di ko pa rin inayos?

itago mo lang yung release of chattel from the bank, you needed it to remove the annotation sa CR.

**myace77** · May 15th, 2011 10:08 PM

I recently bought a van. naka finance for five years. want to convert it to some sort of tourist or for hire vehicle. i checked the chattel mortgage agreement bawal daw. kasi nga nakamortgage pa yung van. has there been a case na nadefault ang mortgagee sa agreement because the vehicle was converted for public use without the bank's knowledge? How bad can this be?