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  1. #1
    Tsikoteer alwayz_yummy's Avatar
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    Default how to sell "assume balance" car-- safely

    para makabawi man lng kahit konti...pandagdag sa down payment. rather than surrendering the car itself--wala ako makukuha, pero assured ako na free na ako.

    is having "deed of absolute sale" enough para ma-free ka sa wrong doings ng buyer mo?in event mag default siya/ gamitin sa crime/naka-aksidente, para mafree ka sa liabilites kahit in writing man lang?

    may additional clauses ba akong idadagdag sa deeds of sale?

    wanna be sure... as per experience ko--kahit kamag-anak mo, kaya kang trydorin.

    although gusto ko etong current ride ko, it still lacks the space i need. and while on promo ang urvan, will try to grab their sale...until may 31 nga lang...

    pero will sell first muna before i get the replacement... and get approved before letting go of the car.

  2. #2
    Certified MB Addict
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    Default Re: how to sell "assume balance" car-- safely

    In my experience, mas maganda kung i-payoff ng buyer yung remaining balance mo sa banko and then get whatever is remaining of it for yourself towards DP for a new car. Once or twice na ako nakabili ng sasakyan na may outstanding balance, the last was an 06 Vios that was acquired thru Toyota Financial Services, after agreeing on the price with the seller we altogether went to the head office of TFS in Ayala Ave to pay off the remaining balance after that wait ka for mga 2-3 weeks siguro para ma-release yung cancellation of chattel mortgage saka OR/CR.

  3. #3
    Tsikot Member Rank 2
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    Jan 2008
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    Las Pinas
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    2,150

    Default Re: how to sell "assume balance" car-- safely

    Quote Originally Posted by alwayz_yummy View Post
    para makabawi man lng kahit konti...pandagdag sa down payment. rather than surrendering the car itself--wala ako makukuha, pero assured ako na free na ako.

    is having "deed of absolute sale" enough para ma-free ka sa wrong doings ng buyer mo?in event mag default siya/ gamitin sa crime/naka-aksidente, para mafree ka sa liabilites kahit in writing man lang?

    may additional clauses ba akong idadagdag sa deeds of sale?

    wanna be sure... as per experience ko--kahit kamag-anak mo, kaya kang trydorin.

    although gusto ko etong current ride ko, it still lacks the space i need. and while on promo ang urvan, will try to grab their sale...until may 31 nga lang...

    pero will sell first muna before i get the replacement... and get approved before letting go of the car.
    bebenta mo na carens mo?? ang bilis naman ah.. sayang...

  4. #4
    Tsikoteer alwayz_yummy's Avatar
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    May 2004
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    Default Re: how to sell "assume balance" car-- safely

    Quote Originally Posted by yapoy86 View Post
    bebenta mo na carens mo?? ang bilis naman ah.. sayang...
    pinagiisipan ko palang e...masya ako sa carens ko, space wise lang ang down ko ngayon...pero tignan ko kung ano mangyayari.

  5. #5
    Verified Tsikot Member
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    25

    Default Re: how to sell "assume balance" car-- safely

    Eto din po ang gusto malaman. Gusto ko din mag-upgrade ng kotse kaso wala ko alam sa "assume balance". Sana may makatulong. Salamat!

  6. #6
    Tsikoteer reactor's Avatar
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    Default Re: how to sell "assume balance" car-- safely

    bro mahirap ang assume balance kasi kung mag fail yung "buyer" mo sa obligation, ikaw ang masisira sa bank. kung magamit sa "hindi maganda" ang car mo ikaw ang hahabulin. kaya nga ang mga nagba buy n sell pay off nila sa bank para alam nila kung legit din ang owner / seller kasi iwas problem

  7. #7
    Verified Tsikot Member
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    dskyismyroofgroundismybed
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    Default Re: how to sell "assume balance" car-- safely

    car for sale PHP xxxxxx.00 plus take over payments.
    or sell the car back to the bank to resell which is probably the safest way to get out of liability. may not be the best price for your car but eliminates the third party to your car loan

  8. #8
    Verified Tsikot Member
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    Nov 2003
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    Pakalat kalat
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    Default Re: how to sell "assume balance" car-- safely

    Pasakay TS. pwede bang ibenta ulit ang sasakyan sa banko then use the current loan mo para mag upgrade ka?

  9. #9
    Tsikoteer reactor's Avatar
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    Default Re: how to sell "assume balance" car-- safely

    bros, a friend of mine who is a BM of BPI told me before that it is safe to surrender the car back to the bank however, you might have difficulty in applying for future loans. kaya siguro kahit talo ka better ibenta mo na lang ang car mo as long as i pay off ng buyer ang balance mo at least clear ka sa anumang liabilities sa bank.

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