voluntary surrender

[MD21]

they are confiscating the car, because they feel you do not have the ability to pay for it anymore.
so, no. you do not have to pay them a peso.

but if you can pay for its full contract price now, they will probably give you the car to take home.

Thank you po sa reply.. i’m worry lang po kasi.. another question pa po.. ilang weeks po ang process ng voluntary surrender sa Eastwest Bank..

[ninjababez]

iba iba kasi sa bawat banks
just return the car when they start calling
mas madali yun dahil gawa na paper works by that time
also if youre worried dahil may sira yun auto, dont be wala sila paki if repo nila ay sira or ayos

Sent from my MI MAX 3 using Tapatalk

[MD21]

iba iba kasi sa bawat banks
just return the car when they start calling
mas madali yun dahil gawa na paper works by that time
also if youre worried dahil may sira yun auto, dont be wala sila paki if repo nila ay sira or ayos

Sent from my MI MAX 3 using Tapatalk

Thank you po sa reply.. sorry po kung masyado akong makulit.. hehe

[dr. d]

Thank you po sa reply.. sorry po kung masyado akong makulit.. hehe

i am curious.
they released the car to you last february, without your handing over the down payment?
it's mid-april, you haven't given them any money yet, and the car is still with you?
i'd have returned the car at once, once i realized i couldn't do my part of the contract.
but then, this pandemic has put everything in a state of semi-stasis...

[sirkosero]

Good day po.. do i need to pay parin po ba yung deficiency balance?

No. may batas tayo dyan na once surrendered ang unit wala na dapat bayaran pa

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[MD21]

i am curious.
they released the car to you last february, without your handing over the down payment?
it's mid-april, you haven't given them any money yet, and the car is still with you?
i'd have returned the car at once, once i realized i couldn't do my part of the contract.
but then, this pandemic has put everything in a state of semi-stasis...

Thank you for your concern sir.. what i mean po na hulog is yung monthly amortization.. release po sya last February with the corresponding DP, Chattel Mortgage Fee and LTO registration Fee.. start na sana ng payment k ng MA last march 29..due to some personal reason and also affected by COVID-19 crisis.. i decided na i give up at i voluntary surrender nalang.. at kahit na ma-lift po itong ECQ dto sa pinas hindi k parin siya kayang bayaran kasi crisis din po ang ibang bansa ngayon..

[MD21]

No. may batas tayo dyan na once surrendered ang unit wala na dapat bayaran pa

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Thank you po ng marami.

[ninjababez]

Thank you po sa reply.. sorry po kung masyado akong makulit.. hehe

dont be
so far straight foward naman tanong mo, at so far di ka pa naman makulit LOL

[yapoy86]

No. may batas tayo dyan na once surrendered ang unit wala na dapat bayaran pa

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May collateral kasi...i think it covers the deficiency

[Mr. Ri Crash]

Anong kotse yan isu surrender mo?