Warning - Toyota In-House Car Financing

**renzo_d10** · May 9th, 2012 03:50 PM

And kaya naman pala mag-shell out ng 408k, bakit yung monthly dues hindi kaya i-shell out?

**Altis6453** · May 9th, 2012 03:55 PM

Originally Posted by renzo_d10

Complaint niya, bakit biglang finorclose yung sasakyan without his consent at inundergo bidding agad. Nameet niya na naman daw yung requirement na 400k++ pero hinde na binalik sakanya yung sasakyan.

AFAIK, baka kaya hindi na tinanggap pa ang payment na Php 408k is precisely because na-foreclose na. Malamang, extra-judicial foreclosure ang ginawa which is done thru the Office of the Clerk of Court and Ex-Officio Sheriff. Ang mga standard na Deed of Chattel Mortgage e iyan ang nilalaman at malamang meron clause na notice to the mortgagor (car owner/borrower) is deemed waived.

Mahirap maibalik ang sasakyan kung sinunod ng financing company ang lahat ng alituntunin sa pag foreclose ng chattel mortgage at bihira na silang magkamali sa dami na rin ng karanasan nila sa bagay na yan.

Isa pa, kung wala ring ebidensya ng fraud or bad faith sa panig ng finance company sa pag-foreclose, wala ring kahihinatnan ang kaso.

**uls** · May 9th, 2012 03:59 PM

baka pinadala naman yung pang hulog pero yung kapatid/kamaganak dito hindi nagbayad

meron hindi na-i-kwento si TS

**vinj** · May 9th, 2012 04:38 PM

Originally Posted by uls

baka pinadala naman yung pang hulog pero yung kapatid/kamaganak dito hindi nagbayad

meron hindi na-i-kwento si TS

This happens in the real estate industry. Poor OFWs toil to make the payments only to learn the "katiwala" did not pay. That's why direct remittance channels are much, much better.

**Noel Salisipan** · May 9th, 2012 04:39 PM

With sympathy to TS, pero financing kasi yan. May rules na sinusunod, the fact na 3mos ng 'di nakapagbayad, probably 1mo pa lang ay inalam na agad ang percussion or in the first place na di makapagbayad ay inalam na agad para hindi mahila yung car.

Alam naman natin na mahihila talaga ang car na hulugan pag nagkaroon ng lapses sa payment(s), pero mayroong tolenrance, grace period... yun e prerogative ng taong kausap mo at pwede ring i-void ng sistema nila lalo na kung may ground.

Lesson learned talaga, masakit man ay responsibilidad na alamin din ang rules, sa "financing" o dito sa "Tsikot".

**Noel Salisipan** · May 9th, 2012 04:45 PM

Originally Posted by vinj

This happens in the real estate industry. Poor OFWs toil to make the payments only to learn the "katiwala" did not pay. That's why direct remittance channels are much, much better.

"Katiwaldas" tawag dun.hehehe