Pasalo Cars - Why?

[jut703]

What's the deal with so many cars being posted as "pasalo" in FB groups these days?

Why would I want to buy an overpriced loaned car?

Sample:
Vios 1.3E
6 months paid
17,687/month - 955k for 4.5 yrs
Asking price: 135k

So you're basically telling me to pay almost 1.1M for a Vios that only costs 840k brand new.

Why would anyone want to save a complete stranger's credit standing?

Are the people who buy these the same people that aren't approved by banks for car loans? There's probably a reason why they were disapproved in the first place (hint: it's almost always because of capacity to pay).

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[BlancNoir]

No point in doing salo sa mga ma dedefault na cars.

Seller side, they can earn money na rin pqg may sumalo.

Buyer side, wala talaga ako nakikitang benefit except for the fact na may sasakyan ka na without the hassle of filling out the forms and waiting for CI assuming na hjndi mo ililipat yung OR/CR sa name mo.

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[minicarph]

parang ang hirap naman sagutin nyan juts. pano kung bad credit standing nga pero bigla sinuwerte sa tarbaho, lumaki sweldo. syempre hinde na bibile ng used yun, bago na din. so pano nga ba

at saka baka mas asking price, parang joining fee sa gym, pero i-waive din ang joining fee para lumalabas na ka discount pa pero actually hinde naman kasi nga sinalo na nga may asking price

[istan]

Sa buyer side, kung gusto.ng sasakyan pero di ma approve ng banko.

Anyways, ang tanong ko. Pag natapos ang pasalo, pano mo lilipat sa pangalan ng buyer? Tali ka sa seller ng 5 years.

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[Wh1stl3r]

Can't really fault the sellers for trying to pass off their bad loans to save their own skin. The buyers could have bad credit histories or just plain gullible.

And judging from all these dealers offering a drive home DP of only 5 figures for a 7 figure car, there's probably no shortage of financially illiterate people who would take the bait.

Might also explain why there are so many loan sharks around.

[jaggerx3]

Yung iba dyan mga grab na di na kayang hulugan monthly

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[shadow]

Tapos mga seller gusto pa Kumita. Gusto meron pa cash out for them. Gago ba sila.


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[_Cathy_]

Tapos mga seller gusto pa Kumita. Gusto meron pa cash out for them. Gago ba sila.


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Kalokohan nga e hahaha

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[minicarph]

Tapos mga seller gusto pa Kumita. Gusto meron pa cash out for them. Gago ba sila.


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ang mas tangek yun sasalo ng slightly used chevy sail or yun mga Volkswagen, imagine mo mas mahal nasa brand new, wala na nga bumibile ng 2nd hand dahil wrong buy, lol

[dct]

What's the deal with so many cars being posted as "pasalo" in FB groups these days?

Why would I want to buy an overpriced loaned car?

Sample:
Vios 1.3E
6 months paid
17,687/month - 955k for 5.5 yrs
Asking price: 135k

So you're basically telling me to pay almost 1.1M for a Vios that only costs 840k brand new.

Why would anyone want to save a complete stranger's credit standing?

Are the people who buy these the same people that aren't approved by banks for car loans? There's probably a reason why they were disapproved in the first place (hint: it's almost always because of capacity to pay).

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Bro 955k for 4.5 yrs

May nakausap ako dati, bagong bili ng l300 fb. Sabi ko magkano na ba ngayon ang l300? Sabi nya halos 18,000 per month. Sabi ko, hindi i mean magkano na ang total price. Sabi nya di ko alam e. Basta yun ang monthly ko. Nagulat ako may ganitong buyer pala na basta down at monthly lang tinitingnan

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[dr. d]

why buy a used car at brand new rates?

unless the total price were heavily discounted...

and unless the bank is in on it, "the car remains the property of the owner-seller and not the buyer".

[heavenlee]

There's a sucker born every minute, said P.T. Barnum.

[Yatta]

Matagal na itong mga "assume balance". Pero noong 90s madalas mga gipit talaga ang nagbebenta. Ngayon, with the advent of FB, ginawa nang MO at negosyo.

[ice15]

Matagal na itong mga "assume balance". Pero noong 90s madalas mga gipit talaga ang nagbebenta. Ngayon, with the advent of FB, ginawa nang MO at negosyo.

Yup, IMO its the easiest way if...

1. after XX years, nag-sisi ka sa car na binili mo (you want a better one)
2. bitin ka sa pera

Sa buyers point of view naman, either...

Di talaga ma approve car loan mo or maganda offer ng nagpapasalo.

[jut703]

Yup, IMO its the easiest way if...

1. after XX years, nag-sisi ka sa car na binili mo (you want a better one)
2. bitin ka sa pera

Sa buyers point of view naman, either...

Di talaga ma approve car loan mo or maganda offer ng nagpapasalo.

Lahat ng nakita kong nakapost ang tanga ng offer eh. Mas mahal pa sa brand new.

So malamang target market is yung hindi approved ng banko. Edi mataas chance na wala rin silang pangmonthly.

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[_Cathy_]

Bro 955k for 4.5 yrs

May nakausap ako dati, bagong bili ng l300 fb. Sabi ko magkano na ba ngayon ang l300? Sabi nya halos 18,000 per month. Sabi ko, hindi i mean magkano na ang total price. Sabi nya di ko alam e. Basta yun ang monthly ko. Nagulat ako may ganitong buyer pala na basta down at monthly lang tinitingnan

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That's appalling. No wonder so many people are in credit card debt.

Allergic ako sa interest talaga

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[n_spinner06]

Imho partly to blame din ang dealers/sales people. They put emphasis on low down/monthly payments to make it appear that the vehicle is affordable and i daresay intentionally understate the total cost/interest rates. Ending is the buyer is not fully informed on the total cost of the purchase and if not savvy enough yung customer in financial matters, mabibiktima talaga ng ganitong schemes.

Bro 955k for 4.5 yrs

May nakausap ako dati, bagong bili ng l300 fb. Sabi ko magkano na ba ngayon ang l300? Sabi nya halos 18,000 per month. Sabi ko, hindi i mean magkano na ang total price. Sabi nya di ko alam e. Basta yun ang monthly ko. Nagulat ako may ganitong buyer pala na basta down at monthly lang tinitingnan

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[_Qwerty_]

yung iba kasi hindi din naman kaya bumili nang cash.. so mag lo loan din sila to get a brand new car.. pero kung 6 months paid pa lang masyadong maliit pa yun nababayad.. kung mga 2 years paid na yan worth it sa buyer.. kasi 3 years na lang babayaran nila.. basta straight salo lang.. better to kesa kukuha sila nang brand new and they have to pay downpayment pa and 60 months installment (same monthly don sa 3 years)..

meron naman nagpapasalo.. gusto babayaran pa yung binayad nila.. yun ang sa tingin ko disadvantage na si buyer..

madami din naman reason bakit hindi na kaya bayaran nung original owner.. pwedeng at the time na kumuha sya ok pa yung finances nya.. tapos pwedeng may nagkasakit sa family.. nawalan nang work si misis.. or sya mismo nawalan nang work.. kaya let's not judge these people.

[heavenlee]

meron naman nagpapasalo.. gusto babayaran pa yung binayad nila.. yun ang sa tingin ko disadvantage na si buyer..

Yes sir, this is the one that is really unfavorable to the buyer. Aside from what you said, the buyer will also save on chattel mortgage fees.

[17Sphynx17]

Hindi ba kaysa sa pasalo ka kumuha, better na lang as bank acquired car na lang for sale tingnan mo? Or even certified pre-owned para at least wala ka na kinalaman sa dating may utang?

Just curious. Kasi yung sa pasalo, wala talagang advantage. Damay ka lang sa kamalian nung previous owner sa loan.

My two cents.