Are Repossessed Cars Good? A First-Time Car Buyer’s Guide in the Philippines
Buying your first car is exciting, but it can also be confusing – especially when you’re on a budget in a place like Metro Manila. You’ve probably heard about bank repo cars (repossessed cars) being sold cheaply and wondered: “Are repossessed cars good to buy?” This educational guide will explain what repossessed cars are, how the process works in the Philippines, and the pros and cons for first-time buyers. We’ll also compare repossessed cars to other secondhand options, discuss inspection, warranty, and financing tips, and answer some FAQs. By the end, you should have a clear, trustworthy understanding of whether a repossessed car is the right choice for you.
What Is a Repossessed Car and How Does It Work in the Philippines?
A repossessed car (commonly called a “repo car”) is a vehicle taken back by a bank or lender when the original owner can’t keep up with the loan payments [rcbc.com]. In the Philippines, when a borrower defaults on an auto loan (often after 2–3 months of missed payments), the bank legally reclaims the vehicle as collateral. The car is then brought to a storage facility or warehouse while the bank prepares to sell it. Banks usually resell these cars through public auctions or listings to recover their losses.
Because the goal is to recoup the remaining loan balance quickly (not to turn a profit), repossessed cars are often sold at prices below their market value [rcbc.com]. In other words, somebody else’s loss can be your gain – if you play it smart. First-time buyers in the Philippines are attracted to bank-repo vehicles for their affordability, but it’s important to understand the full picture before jumping in.
Pros of Buying Bank Repo Cars
Why would you consider a repossessed vehicle over a brand-new car or another used car? Here are some key advantages of buying bank-repossessed cars:
Lower Purchase Price: Repossessed cars are typically much cheaper than brand-new units and often even cheaper than similar used cars on the market. Banks aren’t trying to make a profit – they just want to cover the unpaid loan and storage costs. It’s common to save around 20% to 40% off the price of a comparable new car by buying a repo unit [moneymax.ph]. For example, a bank might sell a 2022 Toyota Vios for about ₱680k, whereas a brand-new one costs ~₱831k – a saving of ₱150k for a car that’s essentially still new [moneymax.ph]. These below-market prices are a huge draw for budget-conscious buyers.
Relatively New Models with Low Mileage: Unlike some very old secondhand cars, many repo units are only a few years old. Cars get repossessed due to loan default, not because they’re worn out. In fact, you’re likely to find models that are just 2-5 years old and often with lower mileage [moneymax.ph]. Banks in the Philippines have repo inventories that even include recent models (2018, 2019, 2020 and up) that still feel modern. In some cases, a five-year-old repossessed car may still be under the manufacturer’s warranty, which is a nice bonus [moneymax.ph] (more on warranties later). Essentially, you get a “lightly used” car for a lot less money.
Safe and Legit Transaction: Buying from a bank or reputable institution is generally safer than buying from an unknown individual. You don’t have to worry about sketchy sellers or fake documents – the bank will have the original OR/CR (vehicle registration papers) and will transfer them to you legally. That means no encumbrances or outstanding liens to surprise you later. It’s a legitimate, secured transaction, whereas buying a used car “sa sulit” (from random private sellers) can sometimes involve scams or tampered papers [moneymax.ph]. First-time buyers who are unsure about the process can have more peace of mind dealing with a bank’s established procedures.
Bargaining and Deals (Potential to Score a Steal): Repo cars are already low-priced, but you can still find great deals if you do your homework. If a vehicle doesn’t get sold immediately, banks may drop the price further over time or hold auctions where starting bids are low. By researching the market value of the model you want and watching bank listings, you might snag a real bargain when the bank marks it down [moneymax.ph]. Unlike buying from a dealer, there’s usually no haggling on price – but knowing when to bid or buy is key to getting the best possible deal.
Easy Financing Options: Think you must pay cash for a repossessed car? Not necessarily! Many banks offer auto loans for repo cars, just as they do for new or regular used cars [moneymax.ph]. If you don’t have the full amount on hand, you can apply for a secondhand car loan to finance the purchase. In fact, if you’re buying from the same bank that repossessed the car, they often have in-house financing packages to encourage buyers. An auto loan means you can spread out the cost in monthly installments – and since the price of the car is lower to begin with, those installments can be quite affordable [autodeal.com.ph]. Another plus: compared to buying new, the paperwork and approval process for financing a repo car can be simpler, since the bank already owns the vehicle and wants to sell it quickly [moneymax.ph].
Trusted Source & Transparency: When you buy a bank-repo vehicle, you’re dealing with a regulated financial institution. The process (whether bidding or fixed-price) is typically well-documented and transparent. Banks will usually provide basic info like the make, year, mileage, and any known issues of the car upfront. Some even post detailed photos online or allow inspections in their storage lots. This level of transparency and the reputation of banks as sellers make repo cars a trustworthy option – you know you’re not buying a stolen car or one with unpaid taxes, etc., because the bank clears all that before selling. In contrast, with a random private seller, you have to verify those things yourself.
In short, bank repo cars offer first-time buyers in the Philippines a chance to get a good-as-new ride for a fraction of the cost, with the confidence that the transaction is legitimate. But before you get too excited, let’s balance that with the drawbacks.
Cons of Buying Repossessed Cars
Buying a repossessed car isn’t all upside. You need to be aware of the potential downsides and risks involved. Here are the main cons to consider:
“As Is, Where Is” Sale (No Warranty): Repossessed vehicles are typically sold on an “as is, where is” basis, which means what you see is what you get – no warranties or guarantees included [autohouseph.com]. The bank (or selling entity) will not fix any problems or refund you after the sale. If you discover mechanical issues or defects after driving it home, that’s on you. There’s no return policy. This is similar to buying from a private seller, but it’s a big contrast to certified pre-owned cars from dealers that might come with a short warranty. As a buyer, you must be prepared to shoulder any repair costs once you’ve bought the car.
Uncertain Car Condition and History: Since repo cars were taken from owners who defaulted on loans, you often can’t be 100% sure how well the previous owner maintained the car. If someone was struggling financially (hence the default), they might have skimped on maintenance like oil changes or fixing minor issues [moneymax.ph]. There’s also a chance the car has hidden problems or wear and tear that aren’t immediately visible. Unlike buying directly from the old owner (who you could question about the car’s history), with a repo you usually don’t get the full service records. Some repossessed cars might even have been sitting unused for a long time, which can lead to dead batteries, stale fluids, or dried-out seals. In short, there’s a bit of a mystery factor – you won’t know the car’s true condition until you thoroughly inspect it (and even then, some issues might appear only after regular use).
No Test Drives Before Purchase: When you buy from a bank’s repossessed car lot or auction, you generally aren’t allowed to test drive the vehicle before buying. Banks enforce this rule to prevent adding mileage or wear, and for liability reasons. At best, some banks might allow you to start the engine or move the car slightly, but not a full road test [moneymax.ph]. This is a disadvantage compared to buying a secondhand car from a private seller or dealer, where you can usually take it for a spin around the block. Without a test drive, you have to rely on visual inspection and maybe idling the engine to judge the car’s condition, which isn’t ideal – you might miss how it performs at higher speeds or under load. It takes a trained eye (and ear) to spot issues without a proper drive, so this adds a bit of risk.
Effort and Patience Required: Scoring a good repossessed car deal can take more effort and patience than a normal car purchase. You may need to monitor multiple bank listings or attend several auctions to find the make and model you want. It’s not like walking into a dealership where a salesperson finds your desired car. In many cases, you have to submit bids to banks and then wait – banks often have a floor price and will reject bids below that minimum [autodeal.com.ph]. It’s possible your first few bids won’t win, so you keep searching and bidding. Also, popular repo units can get multiple interested buyers, leading to a competition. This process can be time-consuming and even a bit stressful for first-timers. You’ll need to send inquiries, perhaps pay reservation fees or bid deposits, and coordinate viewing schedules. In short, convenience is not a strong suit of repo purchases; you trade convenience for savings.
Limited Selection (You Can’t Choose Exact Specs): With repossessed cars, you’re limited to whatever vehicles are currently in the banks’ inventories. You might not find the exact model, variant, or color you’re dreaming of at any given time [moneymax.ph]. For example, if you specifically want a white Honda City 1.5L from 2020, you have to wait until such a unit gets repossessed and listed – which is unpredictable. In contrast, if you buy a secondhand car from the open market or a dealership, you have a wider pool to search from (including online marketplaces, etc.). So flexibility is key: you might need to compromise on some preferences (like color or trim) to take advantage of a great repo deal.
Minor Wear and Tear (and a Good Cleaning): This is a smaller issue, but it’s worth noting. Repossessed cars are stored in big warehouses or open lots where they can sit for months. They often come dusty or with a bit of grime from storage [moneymax.ph]. Don’t be surprised if the car you inspect has a dead battery or low tire pressure initially – it’s just from disuse. You should budget for a thorough cleaning and basic tune-up after purchase. The upside: this is usually a straightforward fix. As one repo buyer quipped, if you saved tens of thousands of pesos on the price, spending a little on a car wash and oil change is a no-brainer [moneymax.ph].
While these cons might seem daunting, they can be managed with proper precautions (which we’ll get into shortly). The important thing is to go in with eyes wide open: a repossessed car can save you money, but it’s not the same as buying a certified used car from a dealership. Next, let’s see how repossessed cars stack up against other secondhand cars Philippines buyers commonly find from private sellers or used car lots.
Repossessed Cars vs. Secondhand Cars in the Philippines: How Do They Compare?
How does buying a bank-repossessed vehicle compare to buying a typical secondhand car from a private seller or a used-car dealer? As a first-time buyer, you should understand the differences in experience. Here are some key points of comparison:
Price and Value: Bank repo cars often come at lower prices than similar used cars in the market. Banks price repos competitively – about 20-30% cheaper than what private sellers might ask for the same model [autodeal.com.ph] – because the bank just wants to dispose of the asset quickly. With private sellers, the price can vary: some might overprice their car due to emotional attachment or misinformation, while others might underprice if they need fast cash. But generally, used-car dealers and private sellers aim to get market value or higher, and you can negotiate with them. With repos, negotiation isn’t typical (prices are fixed or determined by bidding), but the starting price is often a bargain. So if lowest cost is your priority, repossessed cars have an edge on value for money.
Vehicle Condition: In terms of age and mileage, repossessed cars tend to be on the newer, less-used side of the secondhand spectrum. As mentioned, many repo units are just a few years old with relatively low mileage [moneymax.ph] because they were taken from recent buyers. Additionally, since people don’t plan to have their car repossessed, it’s likely the car wasn’t being sold due to any inherent problem – the previous owner’s finances, not the car’s condition, caused the sale. That could mean a lot of repo cars are in decent shape. On the other hand, a typical secondhand car being sold by an owner could be any age – it might be 10+ years old or have very high mileage; it might be well-maintained or it might be a former taxi. The spectrum is broader. However, one advantage of private sales is you can directly ask the owner about the car’s history and often you get to test drive it, which can give insight into its condition. Dealers sometimes refurbish used cars (fixing dents, doing detailing) before selling, which banks typically don’t do for repos. So, a used car from a dealer might look cleaner or have minor repairs done, whereas a repo might come with those small issues unrepaired (reflected in the lower price). Ultimately, whether you’re buying repo or non-repo secondhand, it’s crucial to inspect the vehicle – but with repos, assume a bit more due diligence is needed since you likely have less history on the unit.
Legality and Paperwork: One big plus for repossessed cars is the paperwork security. When you buy from a bank, you can be confident the title is clean and the transfer of ownership will be handled properly. The bank, as the legal owner, will have the original Official Receipt and Certificate of Registration (OR/CR) and will process the necessary documents to transfer the car to you after sale. There’s virtually no risk of buying a stolen vehicle or one with unpaid loans because the bank itself is the lienholder that’s clearing the lien. In private sales, you as the buyer must be careful – you need to verify the OR/CR and ensure the car isn’t under a chattel mortgage or reported stolen. Sadly, there have been cases in the Philippines of scams where a used car is sold with an “open deed of sale” or duplicated papers. When buying secondhand from an individual or unverified dealer, the burden of verifying the car’s legitimacy is on you. With repos, the legitimacy is assured by the bank [moneymax.ph], making it a safer choice for those unfamiliar with checking car documents. Just make sure to get all the papers from the bank and follow their instructions for transferring registration to your name (banks will usually assist or provide the necessary documents like a Deed of Sale, clearance, etc.).
Warranty and After-Sales Support: New cars come with manufacturer warranties, but what about used cars? In a private sale, the car is almost always sold “as-is” with no warranty. If something breaks the next day, the former owner isn’t obliged to help (though a courteous one might mention known issues). Used-car dealers sometimes offer a limited warranty (e.g. 3 months engine/transmission) or a certified pre-owned program especially for newer secondhand units – this can be a perk of going through a reputable dealership. Now, repossessed cars from banks are generally sold without any warranty as well [autohouseph.com]. The bank won’t fix issues after the sale. However, there’s a silver lining: if the repossessed vehicle is still young enough, it might have a manufacturer’s warranty remaining that carries over to you as the new owner [moneymax.ph]. For example, if you buy a 3-year-old car that originally had a 5-year factory warranty, you could have 2 years of that warranty left – but do check the terms, as missing scheduled maintenance by the previous owner could void it. Importantly, the used car market is evolving – some dealers and online platforms now even offer used cars with warranty to give buyers more confidence. For instance, one platform might inspect and vet each repossessed car, then include a 1-year warranty for the buyer. (ROPO is an example of a company that provides a 1-year warranty on their vetted repo vehicles [roporide.com], effectively treating them like certified pre-owned cars). Such offerings are great for first-time buyers since they mitigate the risk of unexpected repair bills. In summary, don’t expect a warranty with a typical bank repo purchase, but if warranty is important to you, you may lean towards dealers or platforms that offer that safety net on used cars.
Buying Process and Convenience: The process of buying a repo car vs. a regular used car can be quite different. With repossessed cars, you often have to go through formal steps: viewing the bank’s list, possibly placing a bid or offer, waiting for results, and doing paperwork through the bank. Some repos are sold via auctions with a bidding cutoff date, which means you might need to act fast and outbid others. The auction process is usually straightforward and transparent (clear terms and conditions, and you set your price limit) [autohouseph.com], but it can feel complex if you’re not used to it. You may also need to visit a warehouse on a weekday (during bank hours) to inspect the car, which can be a hassle. In contrast, buying from a private seller might be more flexible – you arrange a meet-up, inspect and test the car, negotiate, and do the transaction, possibly all in one day. It’s more informal but also requires caution (e.g., making sure the seller actually pays off any remaining loan, if you’re assuming a loan balance, etc.). Used-car dealers offer the most convenience: you visit the showroom, and they often handle a lot of the paperwork (title transfer, financing applications) for you. The trade-off is you usually pay more for that convenience. Also, with a dealer or private seller, you often can drive the car home immediately upon payment. With a bank repo, there might be a waiting period for paperwork or bank approval, so you might not get the car the same day you agree to buy it. Overall, if you value convenience and speed, a private/dealer sale might be easier. But if you value cost savings and don’t mind a structured process, a repossessed car is very appealing.
Inspection, Warranty, and Financing: Key Considerations
Before you buy any used car – especially a repossessed one – you should pay extra attention to a few critical factors. These can make the difference between a smart purchase and a regrettable one. Let’s talk about inspection, warranty, and financing:
Inspection is Essential: Never skip inspecting a repo car in person. Since you likely can’t test drive it, a thorough inspection is your best chance to catch issues. Banks store repossessed cars in warehouses or open lots, so expect them to be a bit dirty or dusty when you see them [autodeal.com.ph]. Don’t let that cosmetic dirt distract you from checking the important stuff. Examine the exterior for signs of accidents (misaligned panels, repaint, rust). Check the interior wear and tear – does the odometer reading align with the condition of the steering wheel, pedals, and seats? Under the hood, look for leaks, corrosion, or missing parts. It’s highly recommended to bring a trusted mechanic or someone knowledgeable about cars to the inspection [autodeal.com.ph]. A trained eye can spot red flags (like fluid leaks, engine noise, smoke, uneven tire wear) that you might miss. Some banks allow you to start the engine during inspection, or even schedule specific viewing times where you can run the car (though full test drives are rare) [moneymax.ph]. Take advantage of that – listen for any rough running or strange noises and see if any warning lights stay on the dashboard. Given the “as-is” nature of repos, you want to uncover any potential problem before committing. If you’re not allowed to start it, at least check the oil dipstick (for proper level and color), coolant reservoir (shouldn’t be rusty or oily), and look at the ground for signs of leaks under the car. Essentially, inspect a repo car as if there’s no one to blame but yourself later. It might feel like a lot of work, but it will greatly reduce your risk of buying a dud.
Warranty Considerations: As noted, most repossessed cars do not come with a dealer warranty – you’re buying the vehicle in whatever condition it’s currently in [dryve.ph]. However, understanding the warranty situation can still save you headaches. First, check the car’s age and mileage against the manufacturer’s warranty period. If the car is just a couple of years old, it may still be within the factory warranty. For example, many brands offer 3-year warranties (and some up to 5 years), so a 2-year-old repo might still have coverage. You can verify this by noting the car’s purchase date (the bank or OR/CR can tell you the original sale date) and seeing if the warranty booklet (if available) has dealership service stamps. Keep in mind, manufacturer warranties have conditions – if the previous owner skipped required maintenance, the warranty could be void. So, don’t bank on the warranty, but it’s a nice bonus if it’s intact [moneymax.ph]. Next, consider where you will get the car serviced or fixed if something goes wrong. Without a warranty, you’ll be paying out of pocket, so it might be wise to have a repair fund set aside from the money you saved on the purchase. The good news is some companies nowadays recognize buyers’ worries about used cars and offer warranties or buy-back guarantees on secondhand units. In the Philippines, used cars with warranty programs are emerging to protect consumers. For example, some established used-car dealers or platforms partner with warranty providers or have in-house warranties to cover major components for a certain period. If you’re uneasy about the “no warranty” aspect, you might want to buy from a seller that offers a limited warranty on repossessed vehicles. A case in point: ROPO – a platform for repossessed cars – includes a 1-year warranty on their vetted units [roporide.com], giving buyers added peace of mind. This kind of after-sales support can significantly boost your confidence in buying a repo car, because even if an unexpected issue arises, you have some recourse. In summary, always assume a repo car is sold without any warranty, and plan accordingly – but also know that options exist to get warranty coverage if you choose the right source.
Financing Options: One big question for first-timers is, “Can I finance a repossessed car purchase?” The answer is yes – financing a repo car is possible and common. In fact, banks themselves often encourage it. When you buy from a bank’s inventory, you can usually pay cash or apply for that bank’s auto loan as part of the deal [moneymax.ph]. The process for a used-car loan might involve a bit more evaluation (since used cars have depreciated value), but if you have stable income and decent credit, you can likely get approved. Some banks offer special financing promos for their repo cars (like lower down payment or interest) to attract buyers. If you’re going through a third-party platform or dealer, you can also seek financing from banks or financing companies – most offer loans for secondhand cars up to a certain age. It’s a good idea to get pre-approved for a loan before you bid or buy [moneymax.ph], so you know how much you can afford and you can act quickly. Pre-approval will give you a clear budget and also make the final transaction smoother (since you won’t be scrambling to secure funds after winning a bid). Keep in mind that financing a used car will involve interest costs, but because the principal (the car’s price) is lower than a brand-new car, the monthly payments will be lower as well [autodeal.com.ph]. This makes repossessed cars attractive for new buyers who want a low monthly amortization while still getting a relatively new car. For example, financing a ₱600k repo car will have much smaller installments than financing a ₱1.2M brand-new car. When you do finance, consider the loan term (it might be shorter for used cars; banks often max at 4-5 years for secondhand loans) and interest rate. Also factor in other purchase costs like insurance (the bank will require comprehensive insurance if you loan the car) and chattel mortgage fees. Overall, financing a repo car is definitely doable – just treat it like any car loan: shop around for good rates, ensure the monthly payment fits your budget, and get that loan approval lined up so you can confidently seal the deal when you find the right car.
Frequently Asked Questions (FAQs)
Q: Is it safe to buy a repossessed car in the Philippines?
A: Yes – generally speaking, it’s legally and financially safe to buy a repossessed car, as long as you follow proper procedures. One of the big advantages of repo cars is that you’re buying from banks or certified institutions, which means you avoid sketchy sellers. The bank will ensure the car has no outstanding liabilities and that the transfer paperwork is in order, so you won’t be scammed with fake documents. In that sense, it’s actually safer than buying from an unknown private seller [moneymax.ph]. The caveat is that “safe” doesn’t mean “problem-free.” You still need to exercise due diligence regarding the car’s condition. The safety is in the legitimacy of the sale, not the mechanical perfection of the car. So, to stay safe, do your homework: Only deal with reputable banks or companies for repos, carefully inspect the vehicle, and verify all documents. If you do that, buying a repossessed car can be a secure and smart choice for a first-time buyer.
Q: Can I get a loan for a bank repo car?
A: Absolutely. Financing a repossessed car is possible, and often the selling bank will be happy to provide an auto loan for it (after all, they want to sell the unit). Many major banks in the Philippines offer loans for secondhand cars, including those from their repo lists [moneymax.ph]. The process is similar to getting a loan for a brand-new car – you’ll fill out an application, submit income documents, and the bank will appraise the car and your ability to pay. Typically, banks might finance around 70% of a used car’s price (you pay a 30% down payment), though some offer flexible terms. One advantage here is that because repo cars have lower prices, the loan amount needed is smaller and thus easier to pay off. Your monthly amortization for a repo car loan will likely be quite manageable compared to a new car loan [autodeal.com.ph]. It’s wise to get a loan pre-approval from your bank if you’re serious about buying, so you know your budget and can quickly finalize the sale. Also, note that some banks require that if you buy their repossessed car via financing, it must be through them (since they already have the car on hand, it makes sense). But you are usually free to shop around; for example, you could get a loan from Bank B to buy Bank A’s repo car. Just coordinate timing because Bank A will want full payment (from the loan) by a certain date if you win the bid. In summary, yes, you can finance a repo purchase – it’s a common route and makes buying a car much more accessible for first-timers who don’t have full cash on hand.
Q: Do repossessed cars come with a warranty?
A: Typically, no, repossessed cars are sold without any warranty from the seller [autohouseph.com]. When a bank or auction house sells you the car, they won’t promise that everything is in perfect working order – any problems after the sale will be your responsibility. This is why inspecting the car (or even bringing a mechanic) beforehand is super important. However, there are a couple of scenarios where you could have warranty coverage: (1) If the car is still within the manufacturer’s warranty period, that original factory warranty may still apply to the car even after it’s repossessed and resold (warranties stick with the vehicle, not the owner) [moneymax.ph]. For example, if you buy a 2-year-old Ford that had a 3-year factory warranty, you might still have a year of warranty left for engine and transmission issues. Do check with the brand’s dealership using the car’s VIN/chassis number to confirm any remaining warranty. (2) Some specialized dealers or platforms add a third-party warranty when they resell a repo car to you. This is not standard with banks, but companies like ROPO have begun offering a 1-year warranty on their vetted repossessed cars, meaning they will cover certain repairs within that period [roporide.com]. This is a great benefit and somewhat unique – it’s like getting a certified pre-owned car. Outside of those cases, assume no warranty. So if warranty matters to you, either target relatively new repo units (for the manufacturer warranty) or go through sellers that provide a warranty. And if neither is an option, you might consider purchasing an extended warranty from insurance companies that offer used car warranties, or simply set aside an emergency car repair fund.
Conclusion: Should First-Time Buyers Consider Repossessed Cars?
Are repossessed cars good? They can be an excellent option for first-time car buyers in the Philippines if you approach the process well-informed. Repossessed vehicles offer significant savings, letting you buy a newer model car at the price of an older used one. For many new buyers in Manila and beyond, that means getting a safer, more reliable car than they otherwise could afford. The key is to balance the pros and cons: you save money and get a legit sale, but you must be extra careful about the car’s condition (since it’s sold as-is). Do your research, inspect thoroughly, and don’t rush into a bid without understanding the vehicle’s value and potential issues.
For beginners who aren’t familiar with cars, one smart approach is to leverage services or companies that specialize in repossessed cars. They can guide you through inspection, paperwork, and even provide warranties or financing. If you’re ready to explore the repo car market, why not start with a trusted source? ROPO offers a selection of vetted repossessed vehicles that have been carefully inspected, and they even come with a warranty and easy financing options – a combination that turns a typically risky secondhand purchase into a more secure deal. It’s a great way for a first-time buyer to get a quality car without breaking the bank.
In the end, a repossessed car could be your ticket to an affordable first car. Just remember to stay vigilant, ask questions, and utilize available resources. With the right preparation, you can drive home a great secondhand car with confidence. Happy car hunting, and enjoy the ride!
Ready to find your dream car among bank repossessions? Explore ROPO’s selection of vetted repossessed cars with warranty and see how you can save money while driving with peace of mind. Good luck, and drive safe!
Sources:
Moneymax – Pros and Cons of Buying a Repossessed Car in the Philippines moneymax.phmoneymax.phmoneymax.phmoneymax.phmoneymax.ph
Moneymax – Pros and Cons of Buying a Repossessed Car (continued) moneymax.phmoneymax.phmoneymax.phmoneymax.phmoneymax.ph
AutoDeal – Repossessed Cars: Everything You Need to Know autodeal.com.phautodeal.com.phautodeal.com.ph
AutoDeal – Repossessed Cars... (risks and financing) autodeal.com.phautodeal.com.ph
Dryve PH – The Risks and Rewards of Buying a Bank-Repossessed Car dryve.ph
AutohousePH – Should You Buy a Repossessed Car? autohouseph.comautohouseph.com
RCBC – What to Check When Buying a Repo Car (definition and tips) rcbc.com
ROPO – Official Website (Warranty Offering) roporide.com