Pardon me if I may have been bombarding you with a lot of listings of repossessed cars for sale from a number of banks lately. It just so happens that a bunch of them came out this week and the deadlines for the submission of bids are already next week so I really need to post them here quickly. I’m also quite sure that there are lots of people out there searching for bargain second hand used cars and I really hope that by posting these listings of repossessed cars here, I am able to help in my own little way.
Anyway, this is the last one I will post (for now) as this is the last one remaining. This list of repossessed vehicles is from United Coconut Planter’s Bank (UCPB).
I saw this listing in last Sunday’s copy of the Manila Bulletin and also at UCPB’s website when I was searching for updated listings of foreclosed properties. Last year, I wasn’t able to buy any of the bargain foreclosed properties (yes, there were a lot of them) from UCPB as described in my post about pre-auction bids – another lesson learned and I don’t want to miss the same opportunity this year. This is why I am keeping a close watch for any new listings of UCPB foreclosed properties. I have observed that they (UCPB) only conduct auctions of foreclosed properties once a year.
Before I digress too much, please see below the complete list of UCPB repossessed cars for sale. One item that caught my eye was a 2008 Toyota Vios 1.3E being sold for only Php 415, 800.
A similar 2008 Toyota Vios (not actual unit)
The cheapest 2008 Toyota Vios 1.3E with manual transmission that I was able to find at sulit.com.ph was being sold for Php490,000. So does that make this repossessed Vios a bargain? It depends on the physical and legal condition of the car. I also noticed that the mileage for this particular car was stated as “not seen” on the list below. What the heck does that mean?! Anyway, if you are interested, you may contact UCPB’s Asset Management & Disposition Division through the contact numbers below.
UCPB REPOSSESSED CARS FOR SALE
|
TYPE |
Floor Price |
Mileage / Fuel |
| 2008 Cherry QQ311, Hatchback, Green, ZPA –870
Manual |
P223,200.00 |
14,854 kms / Gas |
| 2005 Hyundai Starex GRX, Van, Green, FFP-382
Manual |
P604,800.00 |
66,684 kms / Diesel |
| 2008 Toyota Vios 1.3E Sedan, Black, FGF -610
Manual |
P415,800.00 |
Not seen / Gas |
| 2006 Toyota Innova J, Wagon, Red, FGC -796
Manual |
P540,000.00 |
45,203 kms / Diesel |
| 2006 Hyundai Tucson Wagon, Blue, ZGB -300
Manual |
P507,600.00 |
47,092 kms / Gas |
| 2005 Isuzu Truck Ambulance, White, ZCD – 821
Manual, |
P693,000.00 |
Diesel |
| 2001 Nissan Patrol 4X4 Wagon, Gray / White,
WSW – 822, Manual |
P723,600.00 |
71,434 kms Diesel |
| 2007 Honda Civic 1.8V, Sedan, Black, FGG -381,
Automatic |
P556,200.00 |
29,745 Gas |
| 2008 M. Adventure GLS Sport, Wagon, Aspen
While / Verona Silver, ZSG – 443, Manual |
P641,700.00 |
8,595 kms Diesel |
| 2009 M. Adventure GX Wagon, Monzar Silver , ZTY – 642 Manual |
P568,800.00 |
7,472 kms Diesel |
| 2008 Mitsubishi Outlander 4X4, Wagon, Gray,
ZSR-953, Automatic |
P1,280,000.00 |
3,778 kms / Gas |
| 2004-Mitsubishi Outlander GLS 4X4, Wagon,
Silver, XNM- 155, Automatic |
P533,000.00 |
43,796 kms/Gas |
| 2008 Chevrolet Captiva, Wagon, Silver,
ZNY- 570,Automatic, |
P877,000.00 |
24,576 kms / Diesel |
| 2008 Mitsubishi Strada GLX, Pick – up, Blue,
ZNJ- 172, Manual |
P658,000.00 |
58,586 kms / Diesel |
| 2008 Mazda 3.6S, Sedan, White, ZNT-201
Automatic |
P580,000.00 |
24,640 kms /Gas |
| 2007 Mitsubishi L-300 FB, White, ZLV-429,
Manual |
P425,000.00 |
53,728 kms / Diesel |
| 2006 Mitsubishi L-300 FB, White, VDZ-223,
Manual |
P362,000.00 |
34,496 kms/ Diesel |
DEADLINE FOR SUBMISSION OF OFFER IS ON September 23,2009 4:00 PM.
Opening of sealed bids is on September 23,2009 4:30 pm.
Units can be inspected at 1 Vitales Compound, Paranaque City from 8:30 to 5:00 p.m. Monday to Saturday. For inquiries, please call Asset Management & Disposition Division at tel Nos. 8119963 / 811-9000
Disclaimer:
All units are on an “AS IS WHERE IS “basis. Units and prices are subject to change without prior notice. The Bank has the right to withdraw any vehicle before the auction. Inadvertent misprints shall not alter the vehicle’s factual condition nor shall be deemed as misrepresentation on the vehicle.
FINANCING AVAILABLE – For inquiries, please call Auto Loans Department
at tel No. 811-9000 loc 9044
Source:http://www.ucpb.com/(click on Assets For Sale at the bottom of the left side bar)
Some of you may be wondering if I have already started buying/selling bank repossessed cars. Aside from the fact that I believe I still have lots of things to learn, I really can’t venture into other stuff at the moment as I still have a real estate deal to close. Wish me luck!
Happy hunting!
—
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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Hello I’m a OFW I would like to inquire for Auto Loan can I avail
Wow,,almost new cars at 60-70% of normal price.That is amazing.Shame i missed it but better luck next time.
So you actually foreclose on a car in the Phillipines? Sounds like a different process than here in the states.
Find lots of 4x4s for sale in Dubai at Offroad-Zone.com – Dubais leading 4×4 specialists. We also offer a whole range of modifications to your 4×4 in Dubai.
I think that everyone should consider buying a used car before purchasing a new car. Not only will it save you money but your never guaranteed that your new car will be 100% reliable. Plus there are a lot of different ways to browse for used cars such as, auctions, newspapers, online you could simple purchase from an individual or even see how used car leasing suits you.
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Hello catrosinfo, in terms of price, second hand or used cars are of course worth looking into, it just depends on the condition of the car(physical and legal).
Nice one….
Thanks Walskie!