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50 Sterling Bank repossessed cars for sealed bidding this September 2011

Last Updated on by Jay Castillo | Filed under: - 2 Comments

As promised, here’s an updated list of Sterling Bank repossessed cars for sale. This list contains 50 repossessed cars and is updated as of September 1, 2011. The repossessed cars on the list are for sale through sealed bidding and the last day for the submission of bids shall be on Thursday, September 15, 2011, at 3:00 p.m.


Please refer to the complete bidding rules and regulations after the list of repossessed cars below.

Sterling Bank’s list of repossessed properties will be on my next post.

INVITATION TO BID

“as is where is”


as of September 1, 2011

Sterling Bank of Asia is inviting everyone to purchase the following repossessed vehicles:

 

Displayed at Kotse Network, SM North Edsa beside SM Hypermarket:

MakeYear ModelColorPlate No.MileageMinimum Bid Price
1Chevrolet Captiva A/T Diesel2009SilverYHZ 72212,2351,036,000.00
2Chevrolet Trailblazer A/T Gas2005BlackHDK-88853,150662,000.00
3Hyundai Getz M/T Gas2010BlackPHO-43717,141416,000.00
4Hyundai i10 GLS 1.2L A/T Gas2010BlackPXQ-5889,990515,000.00
5Hyundai Tucson A/T Gas2009BlackNVO-90854,808746,000.00
6Isuzu Alterra A/T Diesel2010BlackNOG-35517,4091,128,000.00
7Isuzu Dmax LS 4×2 M/T Diesel2010BlackLGR 38818,941910,000.00
8Mazda 3 1.6L A/T Gas2009GrayYGP-28633,552626,000.00
9Mazda Tribute 2.3L A/T Gas2008BlackYGY-19929,461812,000.00
10Mitsubishi Lancer EX GLX M/T Gas2010BeigePHO-7028,077760,000.00
11Nissan X-trail A/T Gas2008BlackZME-53170,865637,000.00
12Toyota Innova Sport Runner A/T Diesel2010BronzeNQG 52815,310820,000.00

 

Stored in Bagong Barrio, Caloocan City:

MakeYear ModelColorPlate No.MileageMinimum Bid Price
13Kia Soul A/T Gas2010BlackYHN-9557,272975,000.00
14Mitsubishi Lancer EX GT M/T Gas2009BlackNKQ-94213,310895,000.00
15Mitsubishi Lancer EX GLX M/T Gas2010WhitePQQ-9546,934777,000.00

 

Stored in Sterling Bank Caloocan Branch:

MakeYear ModelColorPlate No.MileageMinimum Bid Price
16Chevrolet Aveo M/T Gas2010SilverFGX 2325,212534,000.00
17Ford Everest A/T Diesel2007BlackZLE-75167,664774,000.00
18Ford Focus Hatchback 1.8L A/T Gas2008BlackZNP 40077,688526,000.00
19Honda Civic Vti M/T Gas2004WhiteGTY-67395,830338,000.00
20Hyundai Getz M/T Gas2010SilverPHO-9832,353420,000.00
21Hyundai i10 GLS 1.2L A/T Gas2010GoldPGQ-62714,257428,000.00
22Hyundai i10 GLS 1.2L A/T Gas2009SilverNTI-43322,218400,000.00
23Hyundai i10 A/T Gas2009GoldNQI-67557,577377,000.00
24Kia Carens A/T Diesel2008BlackYHN 70615,234800,000.00
25Kia Rio A/T Gas2010GrayYJG-23626560,000.00
26Kia Rio M/T Gas2010WhiteYHS-4817,006550,000.00
27Kia Rio M/T Gas2010WhiteFGX 23435,170500,000.00
28Kia Rio M/T Gas2009RedZTT-24015,960542,000.00
29Mazda 3 1.6L A/T Gas2007RedZNJ-46864,954455,000.00
30Mazda 3 1.6L A/T Gas2006RedZGK-62825,308380,000.00
31Mitsubishi Adventure GX M/T Diesel2009RedNUI-71278,164560,000.00
32Ssangyong Stavic A/T Diesel2009BlackZTT-40216,582548,000.00
33Ssangyong Stavic A/T Diesel2007WhiteZKY-20467,281469,000.00
34Suzuki Celerio M/T Gas2010BlueNIP-62114,819444,000.00
35Suzuki Swift M/T Gas2009RedYHF 14325,104540,000.00
36Toyota Altis G A/T Gas2009BlackNII-81842,094588,000.00
37Toyota Avanza J M/T Gas2009BlackYJA 499 

22,487

470,000.00
38Toyota Hiace Commuter Van M/T Diesel2003Light GreenXNC-255152,056446,000.00

 

Stored in Cebu Warehouse:

MakeYear ModelColorPlate No.MileageMinimum Bid Price
39Chery A5 Sedan Gas M/T2008BlackYGH-68726,845200,000.00
40Chery QQ 311 Gas M/T2009GreenYGH 44637,325210,000.00
41Kia Rio Sedan Gas M/T2010WhiteYGH 1235,242465,000.00
42Kia Rio Sedan Gas M/T2010White7LU102    (temp plate)5,285465,000.00
43Kia Rio Sedan Gas M/T2010WhiteYHH-69413,206465,000.00
44Kia Rio Sedan Gas M/T2009RedYHN-35810,558437,000.00
45Kia Rio Sedan Gas M/T2009WhiteYGM-59619,096445,000.00
46Kia Rio Sedan Gas M/T2009WhiteFor dropping90,706437,000.00
47Kia Picanto Gas A/T2009BlueNot SeenYFZ 275399,000.00
48Kia Picanto Gas M/T2009Silver20,495YHH 836389,000.00
49Kia Picanto Gas M/T2008Orange37,601YHD 800349,000.00
50Toyota Corolla Altis 1.6E Gas M/T2010White28,421YJD 631 / GXK 631580,000.00

 

BIDDING RULES AND GUIDELINES:

  1. This invitation is open to the public.
  2. The vehicles are offered on an “as is, where is” basis, thus, prospective buyers are advised to personally visit, inspect and verify them and their pertaining document/s of ownership to ascertain their actual condition and status.
  3. Pictures of the vehicles, visits to the vehicles’ storage areas and photocopies of the ownership documents can be coordinated with the personnel of Acquired Assets, specifically Junie (0917-878-6540) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785) or Resnel (0917-534-2697 or 0932-691-1608). They may also be reached through acquired.assets@sterlingbankasia.com.
  4. The indicated floor prices are the minimum bid prices, thus, any bid below the floor price would automatically be disqualified.
  5. All interested parties may submit their bids in sealed envelopes to the Office of the Audit Group Head, 2nd Flr. Sterling Bank of Asia Corporate Center, Ortigas Ave., Greenhills, San Juan.
  6. All bids must be submitted in the prescribed bid form and must be accompanied by a deposit in the form of a check payable to Sterling Bank of Asia amounting to 10% of the bid price.  It would form part of the purchase price in case the bidder wins.  In the case of a losing bid, it would be returned to the bidder.
  7. The last day for the submission of bids shall be on Thursday, September 15, 2011, 3:00 p.m.
  8. The indicated prices are only valid until Thursday, September 15, 2011, 3:00 p.m.
  9. The bids would be opened and evaluated by the Office of the Internal Audit Head together with a representative from Acquired Assets on the next banking day following the last day of submission. The properties shall be awarded to the highest bidder.  In the event of a tie, the same shall be settled by the drawing of lots.
  10. Sterling Bank reserves the right to reject any or all bids, to waive any formality therein and to accept the bid most advantageous to the Bank.  The decision of Sterling Bank would also be final and binding.
  11. Winning bidders would be notified by Acquired Assets after the results of the bidding are approved by the Bank’s management. Notified winners would have five (5) working days from receipt of notice to complete the purchase price either in cash or through an approval for an auto loan facility from Sterling Bank.  Failure to fully settle the bid price within the prescribed 5 working day period shall revoke the winning bidder’s right to purchase the subject vehicle and forfeit his/her bid deposit in favor of the Bank.
  12. Losing bidding participants would also be notified of the results the following day after the Bank’s approval of the bidding results.  Bid deposit checks of the losing bidders can be claimed upon receipt of notice at Acquired Assets Department 26th floor Wynsum Corporate Plaza, F. Ortigas Jr. Ave. (formerly Emerald Ave.), Ortigas Center, Pasig City.
  13. Upon full settlement of the winning bid price or purchase price, the Bank would execute a Deed of Sale in favor of the winning bidder and release all pertinent documents of the property within five (5) working days subject to the documentary requirements of the Bank.
  14. The winning bidder must pull out the vehicle/s from the Bank’s premises within two (2) working days from date of full payment, otherwise, ONE THOUSAND PESOS (PhP 1,000.00) per day shall be charged as storage fee.
  15. For further inquiries, you may call Junie (0917-878-6540) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785) or Resnel (0917-534-2697 or 0932-691-1608). They may also be reached through acquired.assets@sterlingbankasia.com.

Official bid form for repossessed vehicles

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker Registration No. 3194
Blog: https://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
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Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.



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