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Sterling Bank of Asia repossessed vehicles for sale on August 11, 2011

Last Updated on by Jay Castillo | Filed under: - 0 Comments

Sterling Bank of Asia invites interested parties to bid for their repossessed vehicles for sale on an “As is where is” basis. The deadline for submission of sealed bids will be on Thursday, August 11, 2011, 3:00pm. I would like to acknowledge and give thanks to Junie Jamero  for sending us this invitation to bid. Junie is also from the Acquired Assets Mgmt. Department of Sterling Bank of Asia. Please continue reading to see the complete list of repossessed cars for sale, bidding guidelines, and pictures of the vehicles.


INVITATION TO BID

“As is where is”

As of July 29, 2011

Sterling Bank of Asia is inviting everyone to submit sealed bids for the following repossessed vehicles:

Stored in Bagong Barrio, Caloocan City
MakeYear ModelColorPlate No.MileageMinimum Bid Price
1BMW 116i A/T Gas2010Whiteno plate5,0251,517,000.00
2Chevrolet Captiva A/T Diesel2009SilverYHZ 72212,2351,036,000.00
3Chevrolet Trailblazer A/T Gas2005BlackHDK-88853,150662,000.00
4Hyundai Tucson A/T Gas2009BlueNOI-93832,813747,000.00
5Isuzu Alterra A/T Diesel2010BlackNOG-35517,4091,128,000.00
6Isuzu Dmax LS 4×2 M/T Diesel2010BlackLGR 38818,941910,000.00
7Isuzu Sportivo M/T Diesel2010RedYJV 9314,870964,000.00
8Kia Soul A/T Gas2010BlackYHN-9557,272975,000.00
9Mazda Tribute 2.3L A/T Gas2008BlackYGY-19929,461812,000.00
10Mazda 3 1.6L A/T Gas2009BlackNBO-11817,971530,000.00
11Mitsubishi Lancer EX GT M/T Gas2009BlackNKQ-94213,310895,000.00
12Mitsubishi Lancer EX GLX M/T Gas2010WhitePQQ-9546,934777,000.00
13Mitsubishi Lancer EX GLX M/T Gas2010BeigePHO-7028,077760,000.00
14Nissan X-trail A/T Gas2008BlackZME-53170,865637,000.00
Stored in Sterling Bank Caloocan Branch
MakeYear ModelColorPlate No.MileageMinimum Bid Price
15Chevrolet Aveo M/T Gas2010SilverFGX 2325,212534,000.00
16Ford Everest A/T Diesel2007BlackZLE-75167,664774,000.00
17Ford Focus Hatchback 1.8L A/T Gas2008BlackZNP 40077,688526,000.00
18Honda Civic Vti M/T Gas2004WhiteGTY-67395,830338,000.00
19Hyundai Getz M/T Gas2010SilverPHO-9832,353420,000.00
20Hyundai Getz M/T Gas2010BlackPHO-43717,141416,000.00
21Hyundai i10 Gold A/T Gas2010BlackPXQ-5889,990515,000.00
22Hyundai i10 GLS 1.2L A/T Gas2010GoldPGQ-62714,257428,000.00
23Hyundai i10 GLS 1.2L A/T Gas2009SilverNTI-43322,218400,000.00
24Hyundai i10 A/T Gas2009GoldNQI-67557,577377,000.00
25Hyundai Sta Fe CRDi A/T Diesel2008White7C1289D37,634865,000.00
26Hyundai Tucson CRDi A/T Diesel2009SilverNHI-7449,800813,000.00
27Hyundai Tucson A/T Gas2009BlackNVO-90854,808746,000.00
28Kia Carens A/T Diesel2008BlackYHN 70615,234800,000.00
29Kia Rio A/T Gas2010GrayYJG-23626560,000.00
30Kia Rio M/T Gas2010WhiteYHS-4817,006550,000.00
31Kia Rio M/T Gas2010WhiteFGX 23435,170500,000.00
32Kia Rio M/T Gas2009RedZTT-24015,960542,000.00
33Mazda 3 1.6L A/T Gas2010WhiteYJQ 2053,031694,000.00
34Mazda 3 1.6L A/T Gas2009RedYGP-31618,854626,000.00
35Mazda 3 1.6L A/T Gas2007RedZNJ-46864,954455,000.00
36Mazda 3 1.6L A/T Gas2006RedZGK-62825,308380,000.00
37Mitsubishi Adventure GX M/T Diesel2009RedNUI-71278,164560,000.00
38Mitsubishi Fuzion GLX A/T Gas2008SilverNQI-83624,588680,000.00
39Ssangyong Stavic A/T Diesel2009BlackZTT-40216,582548,000.00
40Ssangyong Stavic A/T Diesel2007WhiteZKY-20467,281469,000.00
41Suzuki Celerio M/T Gas2010BlueNIP-62114,819444,000.00
42Suzuki Swift M/T Gas2009RedYHF 14325,104540,000.00
43Toyota Altis G A/T Gas2009BlackNII-81842,094588,000.00
44Toyota Avanza J M/T Gas2009BlackYJA 49922,487470,000.00
45Toyota Hiace Commuter Van M/T Diesel2003Light GreenXNC-255152,056446,000.00
46Toyota Innova Sport Runner A/T Diesel2010BronzeNQG 52815,310820,000.00

 

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.  Pictures of the vehicles offered for bidding can be viewed at the Bank’s website, www.sterlingbankasia.com. (you may also click on the image below to view the PDF file which contains pictures of the repossessed cars for sale)

Click to view/download pictures of the repossessed cars for sale (File size: 5.31MB)

3.       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 02-982-9343) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-982-9377 or 02-217-6780) or Resnel (0917-534-2697 or 0932-691-1608 or 02-982-9388 local 2781) or Adrian (0927-394-8279 or 02-982-9388 local 2718). 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 of submission of bids shall be on Thursday, August 11, 2011, 3:00 p.m. The prices quoted above shall be valid only up to the last day of submission.

8.       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.

9. 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.

10. 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.

11.   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.), OrtigasCenter, Pasig City.

12.   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.

13. 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.

14.   For further inquiries, you may call Resnel (0917-534-2697 or 0932-691-1608 or 02-982-9388 local 2781) or Adrian (0927-394-8279 or 02-982-9388 local 2718) or Junie(0917-878-6540 or 02-982-9343) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-982-9377 or 02-217-6780).  They may also be reached through acquired.assets@sterlingbankasia.com.

~~~

Happy hunting!

~~~

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
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.




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