Where to buy repossed cars?

**b_9904** · February 1st, 2015 11:50 AM

Ang alam ko lang na open warehouse at pwede ka mag bid or bumile ay dito:

PSbank open warehouse: Vehicles for Sale - PSBank

Other than sa PSbank, may alam pa po ba kayo na katulad dito?

May mga nakita akong warehouses ng mga banko sa net, pero I am not sure kung open warehouse sila. Sunday ngayon so bukas pa ako makakatawag.

I-update ko nalang dito if open warehouse po ang yun o may schedule lang sila kung kelan ka pwede bumile.

BDO: https://foursquare.com/v/bdo-car-war...c8be4921401ac1 (Will verify at a future date)
BPI: https://www.ebuenamano.com.ph/resour...B_01232015.pdf
RCBC Savings Bank: http://www.foreclosurephilippines.co...y-20-2014-.pdf
East West Bank: EastWest Bank | Utilities | Properties / Cars for Sale - [EastWestBanker.com]
Sterling Bank of Asia: http://www.sterlingbankasia.com/Content.aspx?id=182
Maybank: http://www.topgear.com.ph/news/indus...arage-car-sale or http://www.maybank2u.com.ph/MpiBank/...es06022014.pdf
Unionbank: http://www.foreclosurephilippines.co...rom-unionbank/ (Will verify at a future date)

Discussion about buying repo cars: http://tsikot.com/forums/car-insuran...ed-cars-23875/

**RomeoAlpha** · February 1st, 2015 11:57 AM

^^^toyota financial, metrobank and bpi meron din. Almost all bank madaming ganyan. Mas public lang si PSBank (IMHO, AFAIK). Kadamihan kasi sa ibang bank, diyan na din kumukuha ng carplan nila ung mga employee nila and/or sister companies.

**b_9904** · February 1st, 2015 12:11 PM

Originally Posted by RomeoAlpha

^^^toyota financial, metrobank and bpi meron din. Almost all bank madaming ganyan. Mas public lang si PSBank (IMHO, AFAIK). Kadamihan kasi sa ibang bank, diyan na din kumukuha ng carplan nila ung mga employee nila and/or sister companies.

Ang mahal kasi mag price ng toyota certified used vehicles. 2011 Innova E with 68,000++ KM goes for Php750K.

Thanks bro "D

**b_9904** · February 1st, 2015 02:31 PM

UCPB: https://www.ucpb.com/UCPB_Asset_Repo...hicles_All.php (the location map is at the bottom of the page)
Toyota Financial: It seems it is somewhere along Pasong Tamo. Will call them where exactly since PEACE OF MIND is important to me also.

**linusoft** · February 1st, 2015 03:15 PM

Originally Posted by b_9904

UCPB: https://www.ucpb.com/UCPB_Asset_Repo...hicles_All.php (the location map is at the bottom of the page)
Toyota Financial: It seems it is somewhere along Pasong Tamo. Will call them where exactly since PEACE OF MIND is important to me also.

I checked the price and wondering bakit ang mamahal pa rin considering 2010 models and below na, konti na lang idadagdag mo brand new na. And we don't know it these units were abused by previous owners. Are these price fixed or pwede makipag haggle sa bank?

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Originally Posted by b_9904

UCPB: https://www.ucpb.com/UCPB_Asset_Repo...hicles_All.php (the location map is at the bottom of the page)
Toyota Financial: It seems it is somewhere along Pasong Tamo. Will call them where exactly since PEACE OF MIND is important to me also.

I checked the price and wondering bakit ang mamahal pa rin considering 2010 models and below na, konti na lang idadagdag mo brand new na. And we don't know it these units were abused by previous owners. Are these price fixed or pwede makipag haggle sa bank?

**b_9904** · February 1st, 2015 03:38 PM

Originally Posted by linusoft

I checked the price and wondering bakit ang mamahal pa rin considering 2010 models and below na, konti na lang idadagdag mo brand new na. And we don't know it these units were abused by previous owners. Are these price fixed or pwede makipag haggle sa bank?

May mga 2014 na 50% off nga eh, mas nakakatakot yun.

Alam ko, the floor price means FLOOR.

Sa mga Toyota Certified Used units may nakita ang "negotiable" sa mga mga pricing nila. Dun pwede ka mag kipag haggle.

Re: abused or sabotaged units: Bring a mechanic when you scout the repo cars. After buying the car, check for sand in the fuel tank, anything inside the oil bay, check the registration with the LTO, in other words do your due diligence. Check everything, at least start the car, AND insist on viewing the assessment report ng car, meron ang banko nyan, yan ang basis para mag pricing sila.

Minsan pag yung kotse hindi naiipit ng ibang kotse pwede mong pakiusap na baka pwede i drive around the lot.

I saw an Innova E 2013 with 21,000+ KM on it, Floor is 600K and sells for 720K. GOOD AS NEW SIYA. No dents, nothing missing inside the car, lahat in order. Kaso wala akong pambayad pa ng nakita ko yun. So, sayang.

At the end of the day, it is up to the mechanic, na dinala mo, to assess the car.

TIP: Mag pa pre-approve na kayo sa loan department ng mga banko na balak nyong bilhan ng repo car. Mas mabilis ang processo.