Car got flooded? Why not consider looking at these bank repossessed cars for sale?

Did your car get flooded at the height of Typhoon Ondoy (International codename: Ketsana) or Typhoon Pepeng (International codename: Parma) and now you’re still waiting for advice when it can be brought in for repair? What if your car was already under repair but it turns out you will have to wait for several months for spare parts like a computer box for example to become available? Maybe it’s simply too expensive to have the flood damage to your car repaired because your car insurance doesn’t cover Acts of God or flood damage?

Cheer up! Just remember to count your blessings and I hope the following listings of bank repossessed cars for sale can be of help or at least give you an option just in case you really need to have a car soon and you are looking for cheap cars. Just make sure that these repo cars were not flood damaged as well.

I have compiled listings of bank repossessed cars for sale from Robinsonsbank, United Coconut Planters Bank (UCPB), and Unionbank. Just refer to the details on each respective listing of repossessed cars for sale in case you are interested.

Robinsonsbank repossessed vehicles

UCPB repossessed vehicles for sale

Unionbank repossessed cars

*Source: Manila Bulletin, October 18, 2009 issue, classified ads section

Goodluck and happy hunting!

—–

To our financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Social Network: http://foreclosurephilippines.ning.com
Mobile: +639178843882
E-mail: ph.investor [at] gmail [dot] com

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andrew lagman
just wonderin,,,,, i did bid for a vehicle, my wife called to check out how we did to the bidding, she was informed that we were the highest bidder to it, even though were a bit lower than the suggested price its still a reasonable price for us,for there somethings to be fixed to it, but days later we were informed that our bid is not enough to them, so the unit is now again in the bidding list…. is there really a bidding happening here, or its just hoax!!!!
http://www.foreclosurephilippines.com Jay Castillo
Hi Andrew, may I know which bank did you submit your bid to? As far as auctions are concerned, from what I understand, all bids should start at the minimum bid price or MBP. As you said, your bid was a bit lower than the suggested price which most banks also refer to as the MBP. I suppose the person in charge of the auction just informed your wife that your bid was the highest among bids as per procedure but was later disapproved by management which evaluates all bids, most probably because your bid was still below the MBP.
Janet
Hi Jay. Is there any guarantee from the bank that their repossessed cars didnt experience Ondoy?
http://www.foreclosurephilippines.com Jay Castillo
Hi Janet, unfortunately they can’t give any guarantees. When I wrote this, it was just afer the floods and it would be easy to check if their warehouse got flooded. My theory during that time was that if the foreclosed cars were already inside their warehouses already during Ondoy’s visit and the warehouse was not flooded, then it is safe to assume the cars were not flooded.
I guess this theory is no longer applicable to newly repossessed cars.
http://www.firstcheapcarinsurance.com/ molida
hi, if i do buy/bid that car, do they provide an insurance along with the car purchasing? or is there any way to buy one with a cheap price?