Help: Selling my car assume balance

[walangalam]

Mga bossing,

Papatulong sana ako kung pano mag benta ng assume balance car

Vios 1.3G A/T bali 39 months pa at 12.5k

If ever magkano ko po kaya mai bebenta to or may bibili kaya nito sakin?

Gusto ko ibenta kasi di ko na kayang bayaran.

Salamat po sa sasagot.

[MonteroGLSV]

meron naman sasalo nyan sir ingat lang sa mga agreement nyo. but in my case noong nag-benta ko ung sportivo ko with remaining 18months to pay pa.
ang ginawa ko lang sir is benta ko as cash ung unit ko then payoff ko ung balance ko sa bank para cleared na din un name nyo
sa bank.

Mga bossing,

Papatulong sana ako kung pano mag benta ng assume balance car

Vios 1.3G A/T bali 39 months pa at 12.5k

If ever magkano ko po kaya mai bebenta to or may bibili kaya nito sakin?

Gusto ko ibenta kasi di ko na kayang bayaran.

Salamat po sa sasagot.

[walangalam]

July 2012 ko po nakuha yung car, how much po kaya fair price. Pano po ang calculation ng pag bebenta ng kotse. Tulong naman desperado na po ako.

[Balikpinoy]

July 2012 ko po nakuha yung car, how much po kaya fair price. Pano po ang calculation ng pag bebenta ng kotse. Tulong naman desperado na po ako.

Ideally, you want the buyer to reimburse you whatever down payment you put in. Look in sulit or here for current prices of same car with similar mileage and options.


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[1D4LV]

Ideally, you want the buyer to reimburse you whatever down payment you put in. Look in sulit or here for current prices of same car with similar mileage and options.


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but i think this would be quite impossible due to the fact na the new buyer should get the vehicle using current market prices.
siguro add mo muna yung mga DP and MA mo less depreciation.

tapos compare the amount vs. market value..... kung mas mataas pa din yung amount, dun ka magaadjust..... malulugi ka for sure, pero it would be the safest way to sell your car na may assume balance pa....

on selling. you have two options:

a) get PDCs.
b) on cash, bayaran mo yung buong loan mo..... ang matitira is sa iyo (kung may matira pa.)

make sure that the sale is properly documented.... and the documentation is dapat may copy yung bank.... if you can have the bank transfer the ownership to the buyer, much better, otherwise ikaw ang hahabulin ng bank dyan and masisira ang credit record mo.

the problem now is:

a) the actual sale value
b) finding a buyer who would be willing to buy a car with assume balance.

[Syuryuken]

negative ka diyan ibalik mo na lang

[rafmac]

Tama sila check online to see the fair market value then call tour bank if how much to settle the balance then do the math. Lugi ka talaga kasi yung value ng car depreciates while your loan principal remains the same. Accept the fact that you wont recoup the cost. Kung di mo talaga kaya na bayaran I would suggest to voluntarily surrender your car back to the bank by doing this you wint default sa loan and your credit rating will remain the samw


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[ninjababez]

here's an idea,
my officemate, instead of defaulting just gave the car to his dad. dad continued the payment, but officemate can always get the car back (assuming he can continue the payment).

-ninjababez-

[999]

here's an idea,
my officemate, instead of defaulting just gave the car to his dad. dad continued the payment, but officemate can always get the car back (assuming he can continue the payment).

-ninjababez-

agree. better to lend it to your dad or any relative. ask them to help you continue the amortization like pawning your car to them.

[shadow]

Huwag mo na isipin fair price na makukuha mo dahil walang engot na magbabayad ng brand new price for a second hand car.

Ganito lang kung ako kaya ko naman pala I assume yan car loan mo eh di ako na lang kukuha ng sarili kong loan kesa assume ko pa yun balance ng iba


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[tidus1203]

Matatalo ka talaga dito maskin pano mo paikutin...

Best way sa akin is to ask your bank how much it would cost you to pay-off the loan plus any pre-termination fees. For sure mas mataas yun sa market value ng car so kailangan mo mag utang uli via personal loan or something to fund the difference between the market value and the amount you need to pay the bank.

[bugoys]

Pardon my ignorance, but school me on buying assume balance car.

OP said the MA is 12, 500 for 39 months, that's 487,500 to be assumed by the buyer. Now sa olx price range for a vios 2012 1.3G a/t is around 430-480k. So pano pa mabebenta yung kotse ng fair sa owner (ts) sa iba if dun pa lang sa total assume balance eh mas mahal na sa market price?

[Syuryuken]

Pardon my ignorance, but school me on buying assume balance car.

OP said the MA is 12, 500 for 39 months, that's 487,500 to be assumed by the buyer. Now sa olx price range for a vios 2012 1.3G a/t is around 430-480k. So pano pa mabebenta yung kotse ng fair sa owner (ts) sa iba if dun pa lang sa total assume balance eh mas mahal na sa market price?

cash price kumpara sa utang na may interes

[1D4LV]

Pardon my ignorance, but school me on buying assume balance car.

OP said the MA is 12, 500 for 39 months, that's 487,500 to be assumed by the buyer. Now sa olx price range for a vios 2012 1.3G a/t is around 430-480k. So pano pa mabebenta yung kotse ng fair sa owner (ts) sa iba if dun pa lang sa total assume balance eh mas mahal na sa market price?

tama computation mo bro.... kaya nga luge yung nagbebenta ng assume balance eh. may risk pa dun sa buyer dahil baka hindi ibayad ni seller yung binayad nyang pera.... lalabas nyan, magiging hot car yung oto.

kung talagang hindi na kayang bayaran ng TS, i give up na lang.... tatlong taon pa yan eh.... or as i've read here, a previous suggestion is ipasa kay papa.... sya magtuloy ng bayad..... yun eh kung afford din ni papa, o kung gusto nya yung oto.

not to blame the TS ha? but yan din ang hirap sa mga car buyers natin eh.... pinipilit ng loan and kumuha ng brand new, pero in long term, hirap na palang hulugan..... much better kung nakaipon muna ng onti and bumili maski lumang second hand.... cash naman, walang iniisip monthly.

wala pa dyan cost of maintenance and cost of fuel ha?

[Syuryuken]

nakakaengganyo kasi yung "LOW DOWN" hindi iniisip yung MA, insurance, fuel, maintenance.

[_Cathy_]

Pardon my ignorance, but school me on buying assume balance car.

OP said the MA is 12, 500 for 39 months, that's 487,500 to be assumed by the buyer. Now sa olx price range for a vios 2012 1.3G a/t is around 430-480k. So pano pa mabebenta yung kotse ng fair sa owner (ts) sa iba if dun pa lang sa total assume balance eh mas mahal na sa market price?

Nalilito din ako dito.

Kapag assume balance ba ico continue niya yung payment ng 1st owner? Luging lugi ata yung buyer based on that computation nga na P487,500 to assume plus cash payment pa for the 1st owner???

[bugoys]

Nalilito din ako dito.

Kapag assume balance ba ico continue niya yung payment ng 1st owner? Luging lugi ata yung buyer based on that computation nga na P487,500 to assume plus cash payment pa for the 1st owner???

Exactly! Dapat ata si seller pa ang magbigay kay buyer ng "pampalubag loob". Hahahah.

Kidding aside TS, ang hirap ng situation mo. But think about what I said sa "pampalubag loob". Ano bang proper term dun?

Example: Just to sell the car, entice your buyer say with a 20k upfront payment (whatever is "reasonable" because the total balance per se is already high to begin with), and he/she will continue the balance. I think its a win-win situation for both of you.

1. Buyer gets to pay only 12,500 monthly w/o shelling a lot of cash when buying the same unit (cash) or bank loan for a used car (dp). All they got to do is issue pdc's as stated sa previous post.

2. TS got rid of his/her burden, and just move forward and learned a lesson re finances.

Because honestly, I won't buy a car na sobrang taas sa bracket 480ish thousand, when I can get a better deal on a much lower price, given the same condition. Sa ibang seller, you can still haggle, pero in your case fix na.

Hope you don't take my 2 cents against me. It's a desperate move, but you sounded like one. I think its a thought to ponder.

[Syuryuken]

Huwag mo na isipin fair price na makukuha mo dahil walang engot na magbabayad ng brand new price for a second hand car.

Ganito lang kung ako kaya ko naman pala I assume yan car loan mo eh di ako na lang kukuha ng sarili kong loan kesa assume ko pa yun balance ng iba


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sakto brand new pa

[[archie]]

Di bale Sana kung less than 1 year to pay na lang pero halos buo pa loan.

Lahat ng ginastos sa monthly and down payment, yun na depreciation cost.

Kung ako yan bibigyan ko 5k pangpalubag loob na lang sa owner.

[eminem6480]

Ask ko na din:
Kung sakali naman ang reason is gusto lang magupgrade to new car, tapos yung owned car is may remaining pang 3 years to pay, ano ang mas maganda para sa seller? - Ibenta na agad yung car na may assuming balance or kumpletuhin na lang na mai full payment bago ibenta yung car?