Reposession of Crashed Car

[cast_no_shadow]

Grabe. Sorry to hear sir. Bracing na din ako for worst case scenaio.

Ako na lang siguro babaldado sa driver namin... :D

Again bro patience and understanding a lots of it mahabaang proseso at kulitan yan.

At fault ba si driver?

Yes really awful yan, wala ka oto tapos uncertain pa tapos huhulugan mo pa.


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[markvilla21]

Probably the best advice so far. Yes sir driver ko ang at fault. binangga dump truck sa likod.

YSalamat po as advice.

Again bro patience and understanding a lots of it mahabaang proseso at kulitan yan.

At fault ba si driver?

Yes really awful yan, wala ka oto tapos uncertain pa tapos huhulugan mo pa.


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[markvilla21]

Ano pala ending nung inyo sir? inayos pa ng accredited auto shop?

Again bro patience and understanding a lots of it mahabaang proseso at kulitan yan.

At fault ba si driver?

Yes really awful yan, wala ka oto tapos uncertain pa tapos huhulugan mo pa.


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[cast_no_shadow]

Ano pala ending nung inyo sir? inayos pa ng accredited auto shop?

Total loss bro.

They got our car then binayaran na lang ako.

Matagal talaga unless makita at macost na nila lahat ng damages. Complicated talaga pag ganyan.



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[dr. d]

Probably the best advice so far. Yes sir driver ko ang at fault. binangga dump truck sa likod.

YSalamat po as advice.

doesn't matter.
compre insurance usually does not discriminate.
basta hindi illegal yung activity ng driver nung nangyari ang nangyari.

[markvilla21]

doesn't matter.
compre insurance usually does not discriminate.
basta hindi illegal yung activity ng driver nung nangyari ang nangyari.

Yes sir. Wala naman daw kaso na fat ng driver ko.

[mda]

Picturan ko pag napadaan ako sa Ford mamaya sir. Personally di ko masyado tinitignan medyo mabigat sa loob.

No need na sir kung ganun hehe.

At the very least, as you said, at least walang major injury or worse.

I wonder if you can have a meeting lang with your lawyer/BPI/BPIMS on this. Medyo matagal din pag tumengga ng 6+months, and you have the incoming excise tax to worry about if you will need to buy a new vehicle pa talaga after.

[markvilla21]

No need na sir kung ganun hehe.

At the very least, as you said, at least walang major injury or worse.

I wonder if you can have a meeting lang with your lawyer/BPI/BPIMS on this. Medyo matagal din pag tumengga ng 6+months, and you have the incoming excise tax to worry about if you will need to buy a new vehicle pa talaga after.

Exactly sir. Medyo naipit ako at the worst time possible. Although worse comes to worse, I can get a new vehicle under the name of my company. Para at least aabot bago excise tax.

Actually god idea na din na picturan ko. Para may visual evidence of sorts.

Salamat sir.

[SidCoronel]

[QUOTE=markvilla21;2896418]Grabe. Sorry to hear sir. Bracing na din ako for worst case scenaio.

Ako na lang siguro babaldado sa driver namin... :D[/QUOTE



This is a bad joke

[markvilla21]

[QUOTE=SidCoronel;2896817]

Grabe. Sorry to hear sir. Bracing na din ako for worst case scenaio.

Ako na lang siguro babaldado sa driver namin... :D[/QUOTE



This is a bad joke

You can watch My Little Pony if this is too graphic for you.

[markvilla21]

UPDATE: Problem solved.

We took the following steps and got the total loss affirmed:

1. Had a lawyer represent us in all dealings with BPI MS. My cousin happens to be the lawyer.
2. We old BPI that unless the case is resolved within 2 weeks, my entire family would pull out all our accounts.
3. Told them we'd report the case to the insurance commission and have this horror story published across the internet. My brother owns a digital PR firm which can do the task.

They sent an inspector within 2 days and declared the total loss on the 3rd day. Looks like BPI can move rapidly when it wants to.

[bishop]

Picturan ko pag napadaan ako sa Ford mamaya sir. Personally di ko masyado tinitignan medyo mabigat sa loob.

The feels, sir.

[bishop]

UPDATE: Problem solved.

We took the following steps and got the total loss affirmed:

1. Had a lawyer represent us in all dealings with BPI MS. My cousin happens to be the lawyer.
2. We old BPI that unless the case is resolved within 2 weeks, my entire family would pull out all our accounts.
3. Told them we'd report the case to the insurance commission and have this horror story published across the internet. My brother owns a digital PR firm which can do the task.

They sent an inspector within 2 days and declared the total loss on the 3rd day. Looks like BPI can move rapidly when it wants to.

Glad to hear na okay na, sir. Cut losses na lang and still thankful no one was seriously hurt. I got into a similar scenario when I got into an accident 3 weeks ago. Total loss din ang labas. We're still waiting for the insurance's estimate for the fair market value of the car. May I ask sir, how long did your insurance company process the market value of the car as well as the total loss offer? We're also looking to buy another car using the money from the total loss claim. Any input would be appreciated.

[mda]

UPDATE: Problem solved.

We took the following steps and got the total loss affirmed:

1. Had a lawyer represent us in all dealings with BPI MS. My cousin happens to be the lawyer.
2. We old BPI that unless the case is resolved within 2 weeks, my entire family would pull out all our accounts.
3. Told them we'd report the case to the insurance commission and have this horror story published across the internet. My brother owns a digital PR firm which can do the task.

They sent an inspector within 2 days and declared the total loss on the 3rd day. Looks like BPI can move rapidly when it wants to.

At least ok na.

Is another everest in the cards? hehe

[EQAddict]

Glad ayos na your problem.


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[markvilla21]

Glad to hear na okay na, sir. Cut losses na lang and still thankful no one was seriously hurt. I got into a similar scenario when I got into an accident 3 weeks ago. Total loss din ang labas. We're still waiting for the insurance's estimate for the fair market value of the car. May I ask sir, how long did your insurance company process the market value of the car as well as the total loss offer? We're also looking to buy another car using the money from the total loss claim. Any input would be appreciated.

Sorry to hear about the accident sir. Hopefully nobody was hurt. In my case, the vehicle was 5 weeks old and madali ang calculation ng FMV. -20% ng SRP ng sasakyan. Still, it took seven weeks to declare a total loss. Yung actual na pag stop ng payment and reimbursements matatagalan pa. But I'm just relieved na medyo may closure na po.

[markvilla21]

At least ok na.

Is another everest in the cards? hehe

I love the Everest. Great value for money. Di naman sa superstitious ako pero medyo traumatic na sya sa akin. Fortuner na muna. Sa next Everest na lang uli kami hehe.

- - - - - - - - - - - - - - - - - - - - - -

Glad ayos na your problem.


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Thank you sir!

[mda]

Sorry to hear about the accident sir. Hopefully nobody was hurt. In my case, the vehicle was 5 weeks old and madali ang calculation ng FMV. -20% ng SRP ng sasakyan. Still, it took seven weeks to declare a total loss. Yung actual na pag stop ng payment and reimbursements matatagalan pa. But I'm just relieved na medyo may closure na po.

So in this case, how does the math work out?

Example: to make things easier let us assume the price of the vehicle was 1M, and you made a 20% DP of P200,000, and owe the bank a total of 1M (factoring in interest na)

You have paid approx 2 months worth of amortization already...

Ano yung irrefund sa inyo?

[JJB]

Have you asked ford why the airbags didnt deploy? Baka may habol ka rin sa ford if ever i guess


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[markvilla21]

So in this case, how does the math work out?

Example: to make things easier let us assume the price of the vehicle was 1M, and you made a 20% DP of P200,000, and owe the bank a total of 1M (factoring in interest na)

You have paid approx 2 months worth of amortization already...

Ano yung irrefund sa inyo?

I'll povide an update when the final numbers are in. But basically, the bank manager explained that the amortizations will be written off. Magkakatao pag binawas sa insured amount yung depreciation and total of all amortizations+interest. Yung sumobra ang rerefund pag meron.