Buying Cars with Damage from Bank Repo

**dr. d** · December 17th, 2019 09:06 AM

Originally Posted by grss1982

What car is this? You only said a 2019 model? If that your go to mechanic checking the unit out? Might want to seek a second opinion from another mechanic just to be sure.

Just bought a 2007 Starex repo from Wealthbank and I'm having problems with transferring ownership and it's been 8 months since I maid my final payment. Make sure it's in writing that transfer of ownership will be done by the bank if that's even possible I guess. I just went with a verbal promise and here I am year later with the hassles.

is the problem about who's gonna spend the money, legwork, and suwelas ng sapatos, in having the car transfered to your name?
or is there some other problem?

**yungfrankie** · December 18th, 2019 03:34 PM

Thanks po sa mga nagreply and sa tips. Decided not to get the unit muna. Baka pag naging discounted na and di padin makuha, kunin ko na. haha Pero for now tingin tingin muna ako sa mga bagong dating sa bank repo. Medyo hassle lang talaga. 4 na nainspect ko pero puro panget condition kahit sobrang baba ng mileage.

**dr. d** · December 19th, 2019 02:10 AM

Originally Posted by yungfrankie

Thanks po sa mga nagreply and sa tips. Decided not to get the unit muna. Baka pag naging discounted na and di padin makuha, kunin ko na. haha Pero for now tingin tingin muna ako sa mga bagong dating sa bank repo. Medyo hassle lang talaga. 4 na nainspect ko pero puro panget condition kahit sobrang baba ng mileage.

yung good condition cars are sold faster. the bad-condition cars get to grow roots in there.

errr... why are you limiting your windows to remated cars?
consider buying from actual owners (not bayan sellers!). they will probably agree to give you discount. some of them are even nice to talk to.

**grss1982** · December 19th, 2019 03:44 AM

Originally Posted by dr. d

is the problem about who's gonna spend the money, legwork, and suwelas ng sapatos, in having the car transfered to your name?
or is there some other problem?

No. They just need me to be at LTO when they call me. My point of contact with the bank kept telling me that he is waiting on another department of theirs to complete some other stuff like paper work and such. No mention at all of me spending money.

Maybe that should be the questions I'm asking instead of just taking them on their word that they'll call me. I not really the type to make a scene or be confrontational. :|

**yungfrankie** · December 19th, 2019 09:48 PM

Originally Posted by dr. d

yung good condition cars are sold faster. the bad-condition cars get to grow roots in there.

errr... why are you limiting your windows to remated cars?
consider buying from actual owners (not bayan sellers!). they will probably agree to give you discount. some of them are even nice to talk to.

Also looking for unit from actual owners. pero sa pagtingin tingin ko kasi sa marketplace and other apps/websites 95 percent ng nakikita ko bayan sellers.

**Gian Paulo** · December 28th, 2019 10:35 AM

Regarding sa mga display sa yard, puede ba paandarin or irquest marinig yung engine roaring before deciding? Ano na update sa Hyundai mo?

**dr. d** · December 28th, 2019 10:39 AM

Originally Posted by Gian Paulo

Regarding sa mga display sa yard, puede ba paandarin or irquest marinig yung engine roaring before deciding? Ano na update sa Hyundai mo?

the rules vary, po.
ask them. kung pumayag, fine. kung hindi pumayag, sorry ka na lang.
some of these cars don't have strong batteries.

errr...
an insider once told me, the better buys may already have been driven out by "friends of the management".

**sirkosero** · December 29th, 2019 11:40 AM

Originally Posted by Gian Paulo

Regarding sa mga display sa yard, puede ba paandarin or irquest marinig yung engine roaring before deciding? Ano na update sa Hyundai mo?

Pwede istart. Thats it. Bawala galawin from the current parking. Not even an inch

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**Egan101** · December 29th, 2019 11:58 AM

Marami diskargado yung baterya. Kung ma start man, check for error warning lights - check engine, ABS, etc.

As for the external damages or blemishes, you be the judge.

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**yungfrankie** · December 29th, 2019 11:04 PM

Di ko napo kinuha, hanap nalang ako ng mas konti yung problema. Target ko ngayon is Suzuki Ciaz. Gustong gusto ko talaga yung Elantra kaso parang andaming issues kahit bago palang sa pagcheck ko sa mga groups sa facebook and sobrang baba nung resale value, not sure why, halos kapresyo na niya yung 2nd hand accent.