Help po - buying thru car financing

[axelross]

hello po, uhmm super baguhan po and trying to research things...question lang po, pano po ba ung proseso pag bibili ng 2nd hand na car thru bank financing? sino po ba magaayos ng papeles? ung seller po ba oh kelangan ako para maayos ng bangko? and may suggestions po ba kayo san magandang bumili ng 2nd hand cars thru financing? or maybe mas maganda cguro na hanap ng car then kausapin ung seller kung pwede thru bank babayaran?

p.s. mas mahal po ba kung sa reposessed cars ng bank bibili ng 2nd hand kesa dun sa mga nakikita kong parang dealer ng 2nd hand cars? although cguro may patong na on both ?.?

advise nmn po sirs/maams

tyvm!

[1D4LV]

normally your dealer helps you and works with the bank on the paperwork. bigay mo lang sa kanila yung mga requirements + coordinate ka with the bank (e.g. opening of accounts, etc.)

imho, most repo cars eh sablay na, although hindi naman lahat. mostly kasi pag alam na ng owner na ma rerepo na yung sasakyan, binabarag na ang paggamit. and the bank does not care na ipaayos yun dahil ang concern lang nila is i dispose yung idle assets.

sa mga dealers naman, mostly inaayos na yung mga nandyan... ang mga nagiging problem lang dyan is may mga dinadayang odometers dyan, kaya onting ingat pa din.

[yebo]

on bank repo cars, make sure you inspect the vehicle very very well. like what 1D4LV said, pinabayan na ng previous owner yan bago ma-repo. also some previous owners do some bad things, like put silicon sealant in the oil to plug the oil lines. or acid in the radiator. so ingat. these are however in the minority, di naman lahat ng previous owners may alam kung ano ang gagawin para mag-sabotage ng kotse. or inclined to do so. o kaya ingat sa kotse na may kasamang MULTO. pag mukhang naaksidente yung car e malamang na-recall ang previous owner nun nung nakasakay sya sa car na yun. mamya nagdra-drive ka meron ka katabi bigla hahahaha! as per warranty, wala na din warranty mga vehicles dun even if the manufacturer's warranty is still valid. let's say 2 year old pa lang ang kotse at 3 years ang warranty ng manufacturer, e di dapat sana may 1 year pa. unfortunately the vehicle may not have been brought for PMS anymore so void na din ang manufacturer's waranty. rememeber it will take 6 months before the bank can legally dispose of the vehicle. di na nga pina-PM nung previous owner tapos nakagarahe pa ng 6 months sa bank.

sa 2nd hand cars, sila na magaayos nyan sa bank kung wala ka pang bank na kausap. ingat sa mga nabaha, madami ngayon. you'll need a good mechanic to be able to tell a car that was flooded. also halos lahat ng odo readings nyan dinaya na. what you can do is just multiply 10k km/year, so kung 2010 ang model then it is safe to assume almost 30k km na ang odo nyan. plus lang ng mga 2nd hand dealers is inaayos na nila ang car bago i-display, pero karamihan ay cosmetic and "just enough to get you out of their garage". pag binigyan ka ng 6 months warranty expect na after that may masisira. para bang reverse guaranty e, pag sinabi nila na may 6 months warranty guaranteed na 1 day after 6 months may sira na. so the longer the warranty they will give you (ask for 1 year kung pwede) the more confident they are on the car they are selling. pag walang warranty then pass ka na lang, ibig sabihin nun may alam sila na sira na hindi nila ginawa.

[axelross]

sir ty both! very helpful!