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  1. trojanguy is offline Verified Tsikot Member
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    June 3rd, 2019 08:19 AM #1
    Hi,

    I would like to ask help, im going to buy a 2nd hand car a 2016 xtrail , the owner said (he have business shop) he paid all the balance from the bank and waiting for the release Chattel mortgage. the car is from iloilo and im in cebu. So he doesnt have the documents with him yet.

    From my understanding i will need to get the ROD, Chattel and release frmo bank statement right? Do i need to take note anything?
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  2. sirkosero is offline Tsikot Member Rank 2
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    June 3rd, 2019 08:37 AM #2
    That is not even a repossessed car!

    Wait for the documents to clear under his name first. Save yourself the hassle of buying blind.

    Sent from my MI MAX 2 using Tapatalk
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  3. dr. d is offline Tsikoteer
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    June 3rd, 2019 09:15 AM #3
    i agree.
    hintayin mong mapa-sakanya ang mga dokumento, at nasa pangalan na niya ang sasakyan..
    hintayin mong nasa pangalan na niya ang certificate of registration.
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  4. trojanguy is offline Verified Tsikot Member
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    June 3rd, 2019 05:40 PM #4
    Does it take time to be release? Se are going to eastwest bank . He said to clear my doubts
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  5. Ry_Tower's Avatar
    Ry_Tower is offline Moderator
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    June 3rd, 2019 05:49 PM #5
    Quote Originally Posted by trojanguy View Post
    Does it take time to be release? Se are going to eastwest bank . He said to clear my doubts
    If it is really fully paid then it will not take too much time.
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  6. Egan101's Avatar
    Egan101 is offline Tsikoteer
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    June 3rd, 2019 06:18 PM #6
    Quote Originally Posted by Ry_Tower View Post
    If it is really fully paid then it will not take too much time.
    The bank has to release some documentation to inform the storage facility to release it. I think buyers are given 48 hours to take out the vehicle once cleared.
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  7. Ry_Tower's Avatar
    Ry_Tower is offline Moderator
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    June 3rd, 2019 06:28 PM #7
    Quote Originally Posted by Egan101 View Post
    The bank has to release some documentation to inform the storage facility to release it. I think buyers are given 48 hours to take out the vehicle once cleared.
    Sounds about right sir.
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  8. _Qwerty_'s Avatar
    _Qwerty_ is offline COO - Child of Owner
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    June 4th, 2019 11:24 AM #8
    change the title.. hindi repossess car yan..
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  9. jnsk's Avatar
    jnsk is offline Verified Tsikot Member
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    June 21st, 2019 05:47 PM #9
    How about buying a repossessed car on a bayanseller? Ano need icheck sa documents?


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  10. ptrk is offline Verified Tsikot Member
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    June 22nd, 2019 10:41 PM #10
    Quote Originally Posted by jnsk View Post
    How about buying a repossessed car on a bayanseller? Ano need icheck sa documents?


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    OR/CR,release of chattel,secretary cert, IDs
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