Quote Originally Posted by kantoboy View Post
well am speculating, but assuming the differences between banks rates arent so big, he must have paid off 8 months or less. which comes out to about 220k. Since he is originally asking for 250k, he must be thinking of recouping the money he paid monthly, and be forgoing the intial downpayment of 100k or whatever the minimum downpayment was (plus chattel / registration / insurance).

parang na-curious lang ako, its the first time i've heard of assume balance.
Matagal ng practice yung "assume balance" na yan. Scan the ads for used cars, madami dun ganun ang gustong terms.

When I was in the market for used cars in 1996, marami din akong nakausap na assume balance ang gustong terms. Most of them said hindi na nila kaya ang monthly payments (due to some misfortune), eh ayaw nilang ma-remata ng banko, kasi sayang naman yung downpayment & paid amortizations nila.

In the end, i got myself a new Sentra.

BTT: Mejo mataas ang asking nya, haggle down some more. He should also take a hit.