Page 1 of 3 123 LastLast
Results 1 to 10 of 21
  1. #1
    Tsikot Member Rank 1 Aero13's Avatar
    Join Date
    Dec 2010
    Location
    Cavite City
    Posts
    26

    Default Selling an "Assume Balance" car

    may car loan kami from Eastwest bank sa kotse namin na Hyundai Getz. i already paid almost a year din sa kotse. ang tanong ko. Paano ang process sa pag bebenta ng kotse nato, ang plan ko is ibebenta nalang then let the buyer assume the remaining balance.

    paano ang transaction like sa deed of sale, paano ma transfer yung sa loan from me to the seller, kailangan ba na nandun kami sa bank mismo? and allowed ba na any branch of eastwest bank kami pumunta? thanks


  2. #2
    Tsikot Member Rank 1 Aero13's Avatar
    Join Date
    Dec 2010
    Location
    Cavite City
    Posts
    26

    Default Re: Selling an "Assume Balance" car

    up! ko lang po itong question ko.

  3. #3
    Tsikot Member
    Join Date
    Feb 2009
    Posts
    108

    Default Re: Selling an "Assume Balance" car

    Quote Originally Posted by Aero13 View Post
    may car loan kami from Eastwest bank sa kotse namin na Hyundai Getz. i already paid almost a year din sa kotse. ang tanong ko. Paano ang process sa pag bebenta ng kotse nato, ang plan ko is ibebenta nalang then let the buyer assume the remaining balance.

    paano ang transaction like sa deed of sale, paano ma transfer yung sa loan from me to the seller, kailangan ba na nandun kami sa bank mismo? and allowed ba na any branch of eastwest bank kami pumunta? thanks
    You may or may not notify the bank with regards to your plan on selling your car as assume balance. karamihan hnd na nila inform ang bank for easy and fast transaction and mostly preferred by the buyer. You should have contract to sell agreement with assume balance and summarize your terms and conditions likewise, in deed of absolute sale, dont forget to include that it is governed and covered by the terms and condition stipulated in the assume balance agreement that in any infringement act on the terms and condition will consider your deed of absolute sale of your car to the buyer will be void and not valid.

    In addition, you should provide authorization letter authorizing the buyer to get all document in the bank upon full payment.

  4. #4
    Tsikot Member Rank 1 Aero13's Avatar
    Join Date
    Dec 2010
    Location
    Cavite City
    Posts
    26

    Default Re: Selling an "Assume Balance" car

    thanks for replying sir.

    ang problem ko po ngayon is WHAT IF hindi nagbayad itong si buyer ko ng Monthly Amortization niya? ako parin ang hahabulin right? and just incase po kailangan hatakin yung sasakyan due to non-payment ang mangyayare po ay ako po ang ma-babad credit?

    thanks po

  5. #5
    Tsikot Member
    Join Date
    Feb 2009
    Posts
    108

    Default Re: Selling an "Assume Balance" car

    Quote Originally Posted by Aero13 View Post
    thanks for replying sir.

    ang problem ko po ngayon is WHAT IF hindi nagbayad itong si buyer ko ng Monthly Amortization niya? ako parin ang hahabulin right? and just incase po kailangan hatakin yung sasakyan due to non-payment ang mangyayare po ay ako po ang ma-babad credit?

    thanks po
    Si buyer hnd sya nag e exist sa bank kaw parin ang naka front at check mo pa din ang naka issue sa bank. Buyer will issue pdc sayo then yon naman ang pang pundo mo for your check. in case of default in payment malalaman mo agad since sayo naka deposit check payment nya. If you have extra fund, shell-out first para wala kang default record sa bank.

    Sa contract to sell lalagay mo naman yung term and conditions mo like 2 months default payment ng buyer kukunin mo ang car. Kaya dapat all documented and notarized.

    Minsan mahirap ang assume balance lalo na pag ang ka deal mo hnd marunong mag bayad...sakit sa ulo.

  6. #6
    Tsikot Member Rank 1 Aero13's Avatar
    Join Date
    Dec 2010
    Location
    Cavite City
    Posts
    26

    Default Re: Selling an "Assume Balance" car

    wow.. maraming salamat sa pag reply. na-experience niyo narin ito sir na magbenta ng assume balance na auto?

    ill try this. so far wala akong utang sa bank at hindi naman ako nahuhuli sa monthly amortization. kaya wala narin akong problem sa bank.

  7. #7
    Darker and Bigger shadow's Avatar
    Join Date
    Oct 2002
    Location
    I am behind you...
    Posts
    17,496

    Default Re: Selling an "Assume Balance" car

    if you don't inform the bank then you are violating your contract of agreement with the bank. technically hinde mo pwede ibenta dahil hinde pa saiyo yun kotse.

    mahirap yun binenta mo na yun kotse tapos ikaw pa rin naka loan sa bank, kahit saan mo tingnan talo ka.

    and ewan ko kung meron tao na gusto mag assume ng balance unless siguro sobrang baba ng price, dahil lugi rin yun buyer,. he's going to pay for the price of a brand new car pero second hand naman na yun kotse.

  8. #8
    Tsikot Member
    Join Date
    Sep 2011
    Posts
    6

    Default Re: Selling an "Assume Balance" car

    sorry, first time ko po. I dont know kung dito sa thread appropriate ang concern ko mga bossing.
    paki-lipat na lang po if ever itong post ko sa tamang thread.

    almost 4 years ko na pong binabayadan ang kotse sa BDO, may balance lang akong 2 months at nag interest na din,
    hanggang ngayon hindi ko ma-settle sa bank kasi naloko ako sa pera ng isang friend ko to cut the story short,
    na-sacrifice yung payments ko para sa kotse ko. Last June pa kami nag usap ng taga BDO tinawagan ako sa phone.
    I was honest, sinabi ko na hindi ma-settle yung full amount kaagad dahil sa nangyari sa finances ko and nakiusap ako na
    kung may ibang option ako to pay like give me 6 more months na unti unti kong babayaran yung balance ko kaso ang sabi sa akin
    ay hanggang June katapusan na lang daw talaga. Mula nung nag usap kami, hindi na ulit tumawag yung taga BDO main na yun at ako naman hindi ko pa din talaga kayang i-settle in full yung balance. Nagwoworry po ako September na ngayon, baka mamya may hahatak na sa car.

    talaga po bang hahatakin pa din ng bank kahit 2 months lang ang unpaid ko?
    balewala ba sa kanila yung binayaran ko for 3 yrs and 10 months?

    ano pong pwede kong gawin bukod sa umutang ng pang-settle ko?
    Best way na po ba is ibenta ko na lang? at bayaran yung balance after ko mabenta?

  9. #9
    Darker and Bigger shadow's Avatar
    Join Date
    Oct 2002
    Location
    I am behind you...
    Posts
    17,496

    Default

    Damn! Umuutang ka from someone two months na lang yan will you let the bank take the car away Sa halagang two months eh baka mas mahal pa isang laptop Sa amount na babayaran mo for two months. Or sell something your gadget, laptop, phone or whatever.

    Don't you realized na mas malaki mawawala saiyo kung pabayaan mo Lang yun two months?

  10. #10
    Tsikot Member
    Join Date
    Sep 2011
    Posts
    6

    Default Re: Selling an "Assume Balance" car

    @shadow

    saang part po ng post ko na sinabi kong umuutang ako?
    tama po kayo, napaka sayang talaga kung 2 months lang na unpaid ay mahahatak siya.
    however, as much as I want to pay off asap, na-drain po talaga ako nowadays. Sh1t happens.

    Thanks for the advice to sell my gadgets, itong laptop ko, wala ng bibili nito, 5 yrs na ito sa akin at madami ng gasgas & all
    kaya i doubt na mabenta pa po ito kahit sa 5K...

    sabi ko nga sa taga BDO na tumawag sa akin, pwede ako magbigay ng payment pero not the full amount.
    kaso sabi niya full amount daw dapat.


Receive Latest Cars For Sale Alerts via Email

Enter your email address:

Delivered by FeedBurner

Tsikot Car Finder Latest Car Listings
Thousands of Tsikoteers see these ads everyday. Get better results with your car ads. Post your cars for sale at Tsikot Car Finder now!


Page 1 of 3 123 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •