Pasalo Cars - Why?

[heavenlee]

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

[_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.

[jut703]

Pwede ba na "saluhin" mo yung kotse tapos wag mo bayaran? Yung original buyer pa rin naman yung hahabulin ng bangko eh. [emoji23]

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[_Qwerty_]

yes kaya risk din sa seller.. kasi sa kanya pa din nakapangalan.. kaya dapat kung papasalo ka yung kilala mo na hindi ka tatakbuhan.. or to be safe.. ask for PDCs.. para you can sue for bouncing cheque law kung hindi magbayad.. then dapat may contract kayo na pag nag default nang 1 month.. forfeited lahat nang binayad nya and you can get the car back asap.. dapat naka state din sa contract na kailangan na sagot nya ang PMS every 6 months and pati yung comprehensive insurance..

Pwede ba na "saluhin" mo yung kotse tapos wag mo bayaran? Yung original buyer pa rin naman yung hahabulin ng bangko eh. [emoji23]

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[dr. d]

you can sue the buyer.
but if the bank did not approve your "pasalo-sale", the bank will still sue you.

[jut703]

yes kaya risk din sa seller.. kasi sa kanya pa din nakapangalan.. kaya dapat kung papasalo ka yung kilala mo na hindi ka tatakbuhan.. or to be safe.. ask for PDCs.. para you can sue for bouncing cheque law kung hindi magbayad.. then dapat may contract kayo na pag nag default nang 1 month.. forfeited lahat nang binayad nya and you can get the car back asap..

So sinong buyer naman magpapauto dun? Super disadvantage - you're paying way too much for a car that isn't even yours on paper.

The sellers wants to have his cake and eat it too.

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[_Qwerty_]

that's why you need a notarized deed of sale with assumption of mortgage..

So sinong buyer naman magpapauto dun? Super disadvantage - you're paying way too much for a car that isn't even yours on paper.

The sellers wants to have his cake and eat it too.

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[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.