surrender or repo?

[zombiebride]

Hi, my car just got repossessed and i want to get it back. Tips on how po sana. Already spoke with the bank and was advised to send a request letter for redemption anyone who has previous experience and actually got their car back?

[cast_no_shadow]

First I suggest

Stop flooding every thread related to your concern.

Second draft that request letter and send it to your bank.

Third wait for instructions from your bank.


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[zombiebride]

Sorry about that. I already sent it to them. Im just panicking atm coz i dont know what to do. I dont know what other fees should i expect to get my car back.

[cast_no_shadow]

Sorry about that. I already sent it to them. Im just panicking atm coz i dont know what to do. I dont know what other fees should i expect to get my car back.

No worries.

Ilan months na ba na repo car mo?

Which bank?

No idea about that, one thing for sure you need to pay the lapsed months na hindi mo nabayadan.

Check mo yung loan documents mo may mga provisions dun kung ano pa mga babayadan mo na penalties/fees

Goodluck


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[zombiebride]

Last thursday lang. And i sent the letter kanina. East west bank. Kabado lang kasi they told me na subject for approval pa daw yum redemption request.

[sfiadawn@gmail.]

hi po, in need of your advise. nag loan ako ng car suzuki swift last year, March. 5 months nako hindi nakaka bayad. Bale 125k yung babayaran ko (including the payment this month). I was able to find 60k to pay for the car. I was advised na much better e surrender nlang daw tas he'll help me get a new car daw. Is it even possible? Wat if po bayaran ko directly sa bank w/o informing the agent. Will they still reposess the car? Salamat po

[jut703]

Kaya nagkakasubprime lending dahil sa mga taong pinipilit magkakotse kahit walang pangbayad. Pag hindi kaya, wag ipilit.

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[lowslowbenz]

The china bank repo-lot along Jupiter here in Makati is filled to the brim with repo-ed small cars.

My take, surrender your car to the bank, and be done with it. Hindi mo kaya. Not that I'm bursting your bubble, but yes, it is still not your time.

What to do with the 60K?

Here's a nice Kia for you: KIA Pride 1997 GTX | *******

[Ry_Tower]

The china bank repo-lot along Jupiter here in Makati is filled to the brim with repo-ed small cars.

My take, surrender your car to the bank, and be done with it. Hindi mo kaya. Not that I'm bursting your bubble, but yes, it is still not your time.

What to do with the 60K?

Here's a nice Kia for you: KIA Pride 1997 GTX | *******

Nice reco, ang dali pa i-maintain niyang Kia Pride dahil madami piyesa at simple i-repair.

[EQAddict]

Goodbye credit rating. You wont be able to get a car loan/housing loan for the next 10 yrs. That sucks big time

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[crazy_boy]

Goodbye credit rating. You wont be able to get a car loan/housing loan for the next 10 yrs. That sucks big time

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Pati credit card hindi na din maka apply for the next 10 years. Kawawa.

Agree with the others. Sell your car at a loss. Pay off the bank and start over again. This way, you only lose money, but long term, makaka loan ka pa sa bank again


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[EQAddict]

Trust me.....when you are finally ready to buy your house/condo and have a stable and good job Yet cannot get a loan from the bank......that will be devastating. Dont think these banks give concessions....they dont. They wont. Your credit rating is supremely.important.

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[istan]

Pa dti mo. Tama yan. Oil change lang yun.
Although, baka sagutin nila na tampered yun drive train because of that.

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