Here’s a list with 459 repossessed cars from EastWest Bank, as of August 25, 2023. Details below.
Table of contents
- Auction vs Outright Sale
- View EastWest Bank Repossessed Cars List
- EastWest Bank Repossessed Cars Warehouse list
- Can you test-drive the repossessed cars for sale?
- What are the payment terms? Is financing available?
- How to buy repossessed cars from EastWest Bank
- Eastwest Bank guidelines
- Eastwest Bank Contact Info
I found this list of pre-owned cars for sale when I was searching for the latest list of foreclosed properties from EastWest bank.
Auction vs Outright Sale
I noticed they sell these cars via auction or outright sale.
For the cars/vehicles for sale via auction, the deadline for bids is on August 30, 2023 (Wednesday) at 5:30pm.
For the rest of the cars that can be purchased via outright sale, you don’t need to bid, you just have to submit an offer. This is on a “first-come, first-served” basis.
View EastWest Bank Repossessed Cars List
For easy searching and filtering, you may view the entire EastWest Bank inventory of repossessed cars in my “Classifieds Database” below:
EastWest Bank Repossessed Cars Warehouse list
To check the actual condition of the cars for sale, you will have to personally visit EastWest Bank’s warehouses, located all over the Philippines.
You must first identify the car(s) you are interested in, and then take note which warehouse it is located at. Or, you can just choose from the available cars in the warehouse you can visit.
If you are interested in a car that is in a warehouse located far away from you, you will really have to spend time/money/effort to go there.
The list of warehouses and their corresponding locations (with links to google maps) and schedules for viewing are included with the guidelines below.
Can you test-drive the repossessed cars for sale?
No, you cannot test-drive any of the repossessed cars from EastWest Bank. However, you are allowed to inspect the car which includes starting the engine.
Let me quote the guidelines from EastWest Bank below:
“During inspection, viewers may get inside the car, check trunk, hood, compartment box, and start the engine.”
“Viewers are allowed to bring their own fuel and/or battery in case the chosen unit’s tank is empty or battery is discharged.”
“In case of refueling, ensure that the correct fuel type (gas/diesel) is used”
I highly suggest that you bring a trusted mechanic with you when you inspect the car to help you check if the car is in good condition.
What are the payment terms? Is financing available?
As usual, you can either pay in cash or get financing through a car loan, which they also offer to winning bidders as mentioned on this page on EastWest Bank’s website.
You can also check the auto loan interest rates and requirements on this page, which also states that the minimum downpayment required is 20%.
How to buy repossessed cars from EastWest Bank
What you see above is just a summary. See below complete info for viewing and how to avail.
Eastwest Bank guidelines
Source: EastWest Bank website
Eastwest Bank Contact Info
|Contact Nos.||0999-8857507 / 0998-5844940|
|Note: Monday – Friday, 8:30AM to 5:30PM, excluding holidays|