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  1. Join Date
    Feb 2007
    Posts
    12
    #1
    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?

  2. Join Date
    Oct 2002
    Posts
    15,525
    #2
    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.

  3. Join Date
    Oct 2002
    Posts
    17,335
    #3
    Better to have it processed to avoid any future inconveniences.

  4. Join Date
    Feb 2007
    Posts
    12
    #4
    thanks mga bro. medyo nawalan ako ng alalahanin. Well siguro pag nakapagbakasyon ako aayusin ko na para totally problem free.


    Thanks....

  5. Join Date
    Oct 2002
    Posts
    2,069
    #5
    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?

  6. Join Date
    Oct 2002
    Posts
    2,069
    #6
    Up lang up lang

  7. Join Date
    Jan 2010
    Posts
    497
    #7
    Quote Originally Posted by Mguy View Post
    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

  8. Join Date
    Sep 2007
    Posts
    1,456
    #8
    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.

  9. Join Date
    Jul 2008
    Posts
    351
    #9
    Quote Originally Posted by CrosswindxT View Post
    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.

  10. Join Date
    May 2011
    Posts
    1
    #10
    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?

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Chattel mortgage