I’ll keep this short and sweet. I have just found this new listing of repossessed cars from RCBC Savings Bank and I just had to post it immediately because the deadline for submission of bids is on September 9, 2009, 1:00 PM, at the 18th floor, unit 1806-A Tektite Bldg., West Tower, Ortigas Center, Pasig City, Philippines. This auction of repossessed cars is through sealed bidding.
Inspections can be done at their Pasig warehouse which is located at #8516 A. Sandoval Avenue, Pinagbuhatan, Pasig City, Philippines, on September 7 to 8, 2009, during office hours.
Registration fee is Php5,000.00 per unit and is refundable.
For inquiries, please call Cris and Che through the following Telephone No”s during office hours:
- 687-0839
- 687-1365
- 6385032
- 687-5430 loc. 4382
Or call Rene Lopez: 0918-9903626
The fine print
Misprints should not be construed as a misrepresentation of the property. All transactions are subject to bank approval. The bank reserves the right to withdraw any property for whatever reason.
What repossessed cars did I find interesting on the list? Well, I have a bias for Hyundai cars as I currently own a Hyundai Getz. On the list I can see that there is a 2008 Hyundai i10 with a minimum bid price of Php425K. FYI, just like my car, the i10 has a 5 year warranty, and if it is still valid, then I suppose that would make it worth looking into right?
For Honda fans out there, a 2008 Honda Civic 1.8V is also available with a minimum bid price of Php637K.
Don’t forget to bring along your trusted mechanics when inspecting these bank repossessed cars.
Happy Hunting!
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To our financial freedom!
Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: https://www.foreclosurephilippines.com
Social Network: http://foreclosurephilippines.ning.com
Mobile: +639178843882
E-mail: ph.investor@gmail.com
Text by Jay Castillo. Copyright © 2009 All rights reserved.
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Hi,
I am looking an SUV ( toyata fortuner, revo, Mitsubishi or innova ). pls email me if you have any repossessed suv.
Thank You,
Armida
Hi just passed by actually em looking for 2nd hand car called Suzuki Jimny say 2005 and above models JLX (Matic or Manual)
do you have a suggestion on banks offering this car in auction….. well I was thinking coz em in a budget plus a possible loan might as well look into bank repos…..
have any suggestions where to look?
Your site is great and I really find your suggestions enlightening actually em surprised on your devotion…. your great I pray that you get more energy and drive for this site.
Hi i am dexter from suzuki shaw if you are interested to buy a jimny car we have here a brand new suzuki jimny car. please email me if you are interested here is my email address dexter_08131990@ymail.com thanks.
Their Pasig warehouse is quite near to our place. But for now, I think that I won’t be needing a car anyway. It’s more of a liability. It’s best to have it when I already have my own family in the future.
Hi Tyrone, thanks for dropping by! Yup, if you’re still single, you can still do without a car. But once you have a child, it becomes a necessity. You can also explore buying and selling cars, just like real estate investing, I have often heard of a lot of people doing it and with much success. In my case, I really need a car because I often have to find and visit foreclosed properties I need to inspect all over the metro and its much easier with a car and it’s well worth it.