I recently found this listing of AMA Bank repossessed cars for sale. What struck me was this list of of repossessed cars includes cars with a minimum bid price of  Php50K, which is very cheap, considering that one of these is a 1996 Volvo 960 with automatic transmission. Of course, there must be an underlying reason why these foreclosed cars are so cheap, and the most obvious in this case is that they are more than 10 years old.

A similar 1996 Volvo 960. Image Source

If you are interested in buying any of these second hand cars, you better do your due diligence and verify their physical and legal condition. In relation to this, my friend Tyrone of Millionaire Acts recently came out with a very interesting article about repossessed cars and his article includes pointers on buying repossessed cars from banks, which should come in handy. Checkout Tyrone’s article here.

AMA bank repossessed cars

The complete list of AMA bank repossessed cars for sale through sealed bidding, along with the location of their warehouse for inspections, can be seen below.

Source: Manila Bulletin, April 4, 2010 issue, page F-7

As indicated above, please contact AMA bank directly using the included contact details for more information.

Happy hunting!

To our financial freedom!

Jay Castillo

Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Click here to contact me via E-mail
Mobile phone (Call/SMS): +639178843882
Follow me in twitter:http://twitter.com/jay_castillo
Become a Fan in Facebook:Foreclosure Philippines fan page

Text by Jay Castillo. Copyright © 2010 All rights reserved.

PS. Are you a new visitor? Click here NOW to start learning more about foreclosure investing in the Philippines.

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AMA Bank repossessed cars for sealed bidding on April 14, 2010 is a post from: Foreclosure Investing Philippines

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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

Text by Jay Castillo. Copyright © 2009 All rights reserved.

P.S. – If you are a new visitor, please start here to learn more about foreclosure investing in the Philippines.

P.P.S – If you feel that anyone else you know might benefit from this post, please do share this to them and don’t forget to subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. If your inbox is getting full, you may subscribe instead to my RSS Feed.

Car got flooded? Why not consider looking at these bank repossessed cars for sale? is a post from: Foreclosure Investing Philippines

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