surrender or repo?

**delacrlv** · July 8th, 2013 06:08 PM

Hello.

For personal reasons, ayoko ng ituloy iyung monthly amortization nung car na kinuha ko.
Ano ba magandang gawin? hayaan ko na lang ma-repossess or ako na mismo ang magsurrender nung car sa bank?

thanks in advance.

**jresperanza** · July 8th, 2013 06:41 PM

Originally Posted by delacrlv

Hello.

For personal reasons, ayoko ng ituloy iyung monthly amortization nung car na kinuha ko.
Ano ba magandang gawin? hayaan ko na lang ma-repossess or ako na mismo ang magsurrender nung car sa bank?

thanks in advance.

hmmm my idea is

Repo = black listed ka + penalties ???
surrender = quits na kayo???

**ghosthunter** · July 8th, 2013 06:42 PM

Originally Posted by delacrlv

Hello.

For personal reasons, ayoko ng ituloy iyung monthly amortization nung car na kinuha ko.
Ano ba magandang gawin? hayaan ko na lang ma-repossess or ako na mismo ang magsurrender nung car sa bank?

thanks in advance.

Given your bank a call and hand over the keys.

**Mikemike07** · July 8th, 2013 06:48 PM

If you have any sort of decency, surrender your car. Its good to know that you at least have a dilemma about it.

**MonteroGLSV** · July 8th, 2013 06:49 PM

yes sir that will be better surrender na lang po,
anyway sir what is your unit?and how long na po sa inyo? baka pwede mo pasalo sa iba mapakinabangan pa nila kesa bank na ang makinabang hehe.
kasi po pag bingay mo na sa bank wla kang makukuha if not mistaken.

pwede din natin pagusapan yan sir hehe.

**Balikpinoy** · July 8th, 2013 07:14 PM

What's the car model and year? Which bank? What's the monthly amortization?

**yebo** · July 8th, 2013 07:39 PM

the best thing to do is sell it at "assume balance" deal. this way you at least get some of your money back and you also keep your credit record clean.

btw, surrendering the car will also give your credit record a black mark.

**smarxist** · July 8th, 2013 07:53 PM

Originally Posted by yebo

the best thing to do is sell it at "assume balance" deal. this way you at least get some of your money back and you also keep your credit record clean.

btw, surrendering the car will also give your credit record a black mark.

^ This po.

**leodawesome** · July 8th, 2013 07:55 PM

interesting :D

**brainmafia_310** · July 8th, 2013 07:56 PM

Originally Posted by yebo

the best thing to do is sell it at "assume balance" deal. this way you at least get some of your money back and you also keep your credit record clean.

btw, surrendering the car will also give your credit record a black mark.

IMHO mas better if you will just let the buyer assume the monthly amort para mabilis, same din naman kasi kung surrender o hatak wala ka makukuha, black listed ka pa sa lahat ng banko.