UCPB repossessed cars for sale

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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.

vios_pageA 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)

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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: http://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.

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

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About Jay Castillo

Jay is the founder of Foreclosurephilippines.com where he shares real estate investing tips and foreclosed property listings. He was an I.T. Manager that loved to make things work, which is exactly what he did when he crossed-over to Real Estate Investing and Internet Marketing. He is also a licensed real estate broker with PRC License # 3194 ... [Continue reading]

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  • CedrixCrisostomo

    Hello I’m a OFW I would like to inquire for Auto Loan can I avail

  • http://www.autoplan.co.uk jim

    Wow,,almost new cars at 60-70% of normal price.That is amazing.Shame i missed it but better luck next time.

  • http://www.web2carz.com/bad-credit-car-loan used car loans

    So you actually foreclose on a car in the Phillipines? Sounds like a different process than here in the states.

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    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.

  • http://www.motoring.co.uk Clifford McCarthy

    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.

  • Pingback: Posts about Foreclosures as of September 17, 2009

  • http://www.foreclosurephilippines.com Jay Castillo

    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).

  • Walskie

    Nice one….

    • http://www.foreclosurephilippines.com Jay Castillo

      Thanks Walskie!