fbpx

Sterling Bank repossessed cars sealed bidding slated on December 15, 2011

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

Sterling Bank invites all interested parties to submit sealed bids for their repossessed cars for sale on or before December 15, 2011.


sterling bank of asia repossessed cars sealed bidding invitation

The repossessed cars can be inspected at Kotse Network, SM North Edsa beside SM Hypermart, and at the Sterling Bank ShawWarehouse located at No. 412 Shaw Blvd., Mandaluyong City (refer to vicinity map below).

Please keep take note that any bids below the minimum bid price as indicated on the list below shall be disqualified. Please refer to complete bidding rules and guidelines below after the list of repossessed cars.

Complete list of Sterling Bank repossessed cars for sale

Displayed at Kotse Network, SM North Edsa beside SM Hypermarket

Make

Year Model

Color

Plate No.

Mileage

Minimum Bid Price

1

Chevrolet Aveo M/T Gas

2010

Silver

FGX 232

            5,212

470,000.00

2

Chevrolet Captiva A/T Diesel

2009

Silver

YHZ 722

          12,235

829,000.00

3

Chevrolet Trailblazer A/T Gas

2005

Black

HDK-888

          53,150

662,000.00

4

Ford Escape A/T Gas

2010

Blue

FGT-217

13,255

795,000.00

5

Ford Focus Hatchback 1.8L A/T Gas

2008

Black

ZNP 759

          44,651

456,000.00

6

Hyundai Getz 1.1L M/T Gas

2010

Black

PHO-437

          17,141

416,000.00

7

Hyundai i10 GLS 1.2L A/T Gas

2010

Black

PXQ-588

9,990

465,000.00

8

Hyundai Tucson A/T Gas

2009

Blue

NOI-938

          32,805

675,000.00

9

Isuzu Sportivo A/T Diesel

2010

Green

PRO-687

15,173

950,000.00

10

Mitsubishi Adventure GLX M/T Diesel

2010

Red

PBI-596

11,590

600,000.00

11

Mitsubishi Lancer EX GLX M/T Gas

2010

Beige

PHO-702

            8,077

760,000.00

12

Mitsubishi Montero Sport GLS A/T Diesel

2010

Black

PNO-570

            37,455

1,150,000.00

13

Toyota Avanza 1.3 J M/T Gas

2009

White

YGY-827

9,143

420,000.00

 

Stored in Sterling Bank Shaw Warehouse – No. 412 Shaw Blvd., Mandaluyong City beside Liberty Center and in front of Red Ribbon

STERLING BANK REPOSSESSED CARS MANDALUYONG WAREHOUSE VICINITY MAP
Sterling Bank Repossessed Cars Mandaluyong Warehouse Vicinity Map (click to enlarge)

Make

Year Model

Color

Plate No.

Mileage

Minimum Bid Price

14

BMW 116i A/T Gas

2010

White

No plate

5,107

1,500,000.00

15

BMW 530i A/T Gas

2006

Green

ZDA – 584

22,578

2,050,000.00

16

Chery A5 Sedan M/T Gas

2008

Black

YGH 687

            26,845

200,000.00

17

Chery QQ 311 M/T Gas

2009

Yellow

YHN 990

          24,722

180,000.00

18

Chevrolet Venture A/T Gas

2002

Blue

XEN-493

68,142

243,000.00

19

Ford Expedition A/T Gas

2003

Black

XEN-625

odometer not functioning

405,000.00

20

Ford Expedition A/T Gas

2004

Black

XND-717

92,824

650,000.00

21

Honda Civic Vti M/T Gas

2004

White

GTY-673

          95,830

338,000.00

22

Hyundai Accent M/T Diesel

2009

White

YJB-327

90,247

450,000.00

23

Hyundai Getz Gold M/T Gas

2010

Silver

PHO-983

            2,353

420,000.00

24

Hyundai Getz M/T Gas

2010

Silver

NQR-856

            11,186

416,000.00

25

Hyundai Getz M/T Gas

2010

Black

NOR-446

            19,009

405,000.00

26

Hyundai i10 GLS 1.2L A/T Gas

2010

Gold

PGQ-627

            14,257

428,000.00

27

Hyundai i10 GLS 1.2L A/T Gas

2009

Silver

NTI-433

            22,214

400,000.00

28

Hyundai Tucson A/T Gas

2009

Black

NVO-908

          54,808

675,000.00

29

Isuzu Trooper A/T Diesel

2003

Silver

XGN-659

77,233

584,000.00

30

Kia Carens A/T Diesel

2008

Black

YHN 706

          15,234

800,000.00

31

Kia Picanto M/T Gas

2009

Silver

YHH 836

20,495

389,000.00

32

Kia Rio A/T Gas

2010

Gray

YJG-236

                26

560,000.00

33

Kia Rio A/T Gas

2009

Red

ZTT-240

          15,960

542,000.00

34

Kia Rio M/T Gas

2010

White

FGV-461

          25,291

550,000.00

35

Kia Rio M/T Gas

2010

White

YHS-481

7,006

550,000.00

36

Kia Rio M/T Gas

2010

White

YHR-983

28,062

523,000.00

37

Kia Rio M/T Gas

2010

White

YGH-123

                5,242

465,000.00

38

Kia Rio M/T Gas

2010

White

7LU102

(temp. plate)

                5,285

465,000.00

39

Kia Rio M/T Gas

2009

White

YGM 596

                19,096

445,000.00

40

Kia Rio M/T Gas

2009

Red

YHN 358

                10,558

437,000.00

41

Mazda 2 1.3L M/T Gas

2011

Black

YJU-993

          15,449

580,000.00

42

Mazda 3 1.6 S A/T Gas

2011

Red

PQF-408

          12,926

625,000.00

43

Mazda 3 1.6 S A/T Gas

2010

White

YJB-942

          16,931

611,000.00

44

Mazda 3 1.6 V A/T Gas

2009

Black

7CD800 (temp. plate)

          30,671

470,000.00

45

Mazda 3 1.6 S A/T Gas

2007

Red

ZNJ-468

          64,953

405,000.00

46

Mazda Tribute A/T Gas

2008

Black

YGY-468

          64,953

405,000.00

47

Mitsubishi Adventure GLS Sport M/T Diesel

2009

Red

NFQ-408

          35,830

586,000.00

48

Mitsubishi L300 FB M/T Diesel

2008

White

ZSG-549

          88,943

386,000.00

49

Mitsubishi Lancer EX GLS A/T Gas

2010

White

NQJ-283

            92,468

786,000.00

50

Mitsubishi Lancer EX GLX M/T Gas

2010

White

PQQ-954

            6,931

750,000.00

51

Mitsubishi Lancer EX GT-A A/T Gas

2010

Blue

NKK-88

            9,625

897,000.00

53

Nissan Urvan Shuttle M/T Diesel

2010

Green

PCO-570

            46,027

820,000.00

54

Suzuki APV GLX Gold M/T Gas

2010

Red

PBO-469

10,192

645,000.00

55

Suzuki Celerio A/T Gas

2010

Blue

PUI-332

18,242

424,000.00

56

Suzuki Celerio M/T Gas

2010

Blue

NIP-621

14,819

364,000.00

57

Suzuki Swift A/T Gas

2009

Red

YGX-135

22,443

570,000.00

58

Toyota Avanza J 1.3 M/T Gas

2009

Black

YJA-499

22,469

395,000.00

59

Toyota Innova J M/T Diesel

2010

Red

PUQ-598

21,555

640,000.00

Source: Resnel Laquindanum of Sterling Bank of Asia

INVITATION’S RULES AND GUIDELINES:

  1. This invitation is open to the public.
  2. THE INDICATED PRICES ARE ONLY VALID UNTIL DECEMBER 15, 2011.
  3. 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.  Pictures of the vehicles offered for sale can be requested from Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780) or Resnel (0917-878-6540 or 0917-534-2697 or 0922-851-8070).  They may also be reached through acquired.assets@sterlingbankasia.com
  4. Visits to the vehicles’ storage areas and photocopies of the ownership documents can be coordinated with the same personnel of Acquired Assets, mentioned in No. 2.
  5. The indicated floor prices are the minimum bid prices, thus, any bid below the floor price would automatically be disqualified.
  6. 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.
  7. 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.
  8. The last day of submission of bids shall be on Thursday, December 15, 2011, 3:00 p.m.  The prices quoted above shall be valid only up to the last day of submission.
  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 intentions, to waive any formality therein and to accept the offer 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 floorWynsumCorporatePlaza,F. Ortigas Jr. Ave. (formerlyEmerald Ave.),OrtigasCenter,PasigCity.    
  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 Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780) or Resnel (0917-878-6540 or 0917-534-2697 or 0922-851-8070).  They may also be reached through acquired.assets@sterlingbankasia.com
Downloads:
Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: https://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.




FREE CHECKLIST: IDENTIFY AND AVOID PROBLEMATIC FORECLOSED PROPERTIES BY DOING PROPER DUE DILIGENCE!

Avoid losing money, wasted time and effort caused by buying foreclosed properties that have too many problems, with our free 60-item Property Due Diligence Checklist. Grab your free copy now.



Related Posts

Jay Castillo

A lot of people encounter problems and challenges when buying real estate like foreclosed properties. I encountered a lot of challenges myself, which is why I started this blog in 2008 to serve as a guide where I share lessons learned, and how to overcome challenges with real estate investing in the Philippines … [Read more]
Close Menu